Screwball

Always interesting to watch the futures after a long holiday weekend. We are also now into what they will call the Christmas rally time of the season. I'm sure Jim Cramer may bring it up next week, or Bubblevision in general. If someone can stomach to watch long enough to see if that is true, please report in. 🙂 Chart porn, and once again back to the 10/10 candle. The market is a traders dream - volatility - cha-ching. 3 month chart by day of the S&P. Nice little profit in only five trading days, but if you stayed long over the weekend and can't do squat until the market opens on Monday morning... For those who play the market this way, they are taking quite a risk over a long weekend. Which is why many of them go broke before they get rich and live on their own island. And there is nothing worse than watching things take a **** and can't do anything about it. So what's the market look like on this fine Sunday night? Not too far above these levels are the all time highs. Which way do we go? ON EDIT: The futures market (chart above) is the cash market. The S&P is the index. They trade the futures market (you need a margin account with a brokerage) so what they call the e-mini (S&P futures) is a more accurate visual of what is going on with the money than the index.

Issues with mine too. As off 10:46.

An adult wouldn't steal from us or teach us how do do so, but that horse left the barn years ago. We are at FUBAR. 🙂

A tax we don't see which will be paid by us serfs like we always do. Brilliant!

I'm sure they will fix it anytime now. 🙂 I want some of what you're smoking.

I was always a Jim Northrup fan.

The latest S&P chart porn. Up and down. Wall Street is making a killing. Not sure what's it's so happy about the last few days. The support/resistance is getting tested. Wall Street will go on stop hunts and **** the day traders.

And think of CNBC, otherwise known as Bubblevision. They still put Jim Cramer in front of a TV camera. The best in business TV they used to say.

I can feel the pain, and with something like that you know there is no way. It looks corny to have a lanyard so us old and stupid people don't lose our phones. 🙂

I have a stack of old phones. I go through one every couple of years. Not because there is anything wrong with it but because I broke it in some way - like sitting on it - or dropping it. This one was the best. I was rewiring my furnace so I have a way to plug it into an electrical outlet hooked to an inverter so I can run it if I lose power - emergency situation only. Not far from my furnace is a drain. A simple 4 inch drain in the basement floor with a little grate on top. I had the grate off because I have plugs I put in there to keep the water backing up from the sewer (during spring raining season). For some reason I had the grate off (and no plug), not sure why. While working on my furnace, my phone slipped out of my pocket, bounced nicely a couple of times and disappeared down the drain, which of course is full of water. Nice! I got it out, but since it took a swim... This is why I buy cheap phones.

Americans are holding onto devices longer than ever and it’s costing the economy That's the one you were talking about. I started reading it the other day and gave up. It is from CNBC also known as Bubblevision.

It is all fixable, but they don't want to deal with it, so it will continue to get worse until it fixes itself. That will be the great deleveraging, deflation, and demand destruction. The alternative to that is a planned deleveraging, but nobody wants to be blamed for the pain, so nothing will happen. We can see this over our lifetimes. Carlin was right in 1991 with The American Dream - you have to be asleep to believe it. That was 34 years ago. About a half a generation.

Interesting look at the costs of living put in different terms. In the end I think he's naive about the solution, if that's what he thinks it is, but interesting just the same. It Works, If You Work It. For our economy to provide a nice life for all we will need structural reform. How bad is it? This bad.

Yea, I'm with you all the way. Another, with the RV stuff, or maybe a camper, around here anyway (no lake but maybe a pond), is the campgrounds. Some are really nice. But you still have the upkeep, weeds, mowing, ect. The campgrounds do have a lot to offer, you don't get too far off the grid, even a store. I had a buddy who I've known forever who sold his house and bought a kick as motorhome and spent the winters in Arizona, and the summers here (NW Ohio). Towed his car and paid rent at two different campgrounds. Worked for them. That's choices people make and there is nothing wrong with that.

Yea, it's like upkeep on another house. One is enough (for me anyway). Speaking of the lake, one year we went to Cleveland to see the Tigers/Indians. Night game, couldn't get into the hotel until 4 so we had plenty of time to kill. We took the route 6 from Fremont to Cleveland. It goes through a bunch of small towns, but goes along the lake pretty close. What is incredible is all the homes and money you see along that trip. The amount of money on those homes and cottages, along with their docks and boats has to be a staggering number. Neat route if one has the time. Way to rich for this cowboy.