Shelter from the Storm
What's left to talk about in the markets? Another ugly day. Still no real panic or capitulation, but it has to be coming.
After the last month you need to get some shelter if you have been taking hits and forcing losing trades. As guidance I can recommend two stops to keep you centered.
Josh Brown, The Reformed Broker has been a great voice for keeping out of trouble. Today he opines on how to survive a market crash. You should read the whole thing and scroll through the posts as of late, plenty to learn:
Downtown’s Rules for Surviving a Crash
I rely on charts in trends for short term trading, but it always pays to be aware of macro issues especially if you are a long term investor. Inflection points are by nature very difficult times. As data changes and slows one cannot fall into a trap of thinking it will all be fine no matter what. You have to be aware of the entire landscape. More and more I find the work done by my friend Tony over at Macro Story to be a must stop for me. Check back over the last two months of Macro Updates, you will see what I mean. Here is the site:
Macro Story
No questions from open thread night, so that's it for the week for things economic.
Friday Night Entertainment
Needed now more than ever.
Obligatory Robot Warning
This headline via Geekologie is all you need to know I am losing the war against robot domination:
That's...A Really Terrible Idea: Army Considers Building Autonomous Robots Own Base
Still I endeavor to persevere.
Comic Scenery
For a chuckle.
What kind of weather is that?:
see more funny videos, and check out our Yo Dawg lols!
Enjoy the summer, I am hitting the beach:
see more WTF Pictures and WTF videos by Picture Is Unrelated
Film Clips
Stuff to watch.
I loved the first "Underworld" film so very much. The second was just ok, and I did not see "Rise of the Lycans". There is a new film upcoming, and the trailer looks pretty good. "Underworld Awakening":
Will have to see.
After all the beatings the market has handed out, lets get in shape for when things change by training with Balboa in "Rocky II":
Not the full clip, sorry.
Rock Blogging
Bringing the hits since 2007.
Wanted to give a happy birthday shout out to loyal reader and published author Jennifer Hillier who celebrates hers on Monday!:
Wow, that's a good one.
Traders across the world went out early today to grab at least "One Bourbon, one Scotch, and One Beer" requested by Sovereign Bohemian:
Sounds good!
Best wishes for my friend Soleil and she was looking for Florence and The Machine with "Dog Days are Over":
Excellent pick.
Watchtower alerts me to a 1980's movie I HAVE NOT SEEN!! Stop the presses! I have never seen "Heavy Metal", bizarre I know. Anyways I will check it out. Until then let's try Blue Oyster Cult and "Veteran of the Psychic Wars":
For the AC/DC maniacs, "Back in Black":
Never gets old.
Two songs left, two gems to find.
A little Ramones goes a long way. "Somebody Put Something in My Drink":
Last call. Grab a drink and a lighter!
It's getting late in the summer. That means it's time for Don Henley's "Boys of Summer":
Love that one.
Have a good night.
