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A couple of weekends ago, I transported Keeno. Keeno (shephard mix) was about 45 lbs, and still thin. When he was found, he weighed 19 lbs. He was in an abandoned home. No food, no water. He needed intravenous fluids. He will live a happy life has his health was quickly restored, and he has been adopted into a loving home. To meet him, you would not have guessed his past other than he needed about 10 more lbs.
Today, I learned how Keeno was found. A pit bull lead animal control authorities to Keeno's location.
Moo, thanks for sharing these heartwarming stories. If you love animals and want to make a difference, you can check your local animal shelter (most are on Petfinder)...and learn their needs. Small things add up to big things.
there isn't; we go higher!
http://stockcharts.com/h-sc/ui?s=$NYA&p=D&yr=0&...
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&...
http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&yr=...
Volume has been very low and declining in the rally last week. We need an O'Niel high volume follow through confirmation day before the next leg of the bull market is confirmed. As moo put it, the market is in a no-man's zone between 1051 and 1071. Friday was the ticker tape paraded for the Yankees and the volume was exceedingly low for an NFP day.
There are certain leading stocks which were on fire as hot money was focussed on them but broad market was not that strong. This reminds me of summer of 2007 where the right stocks were working while the broad market was very poor.
NYSI, NASI continue to decline
http://stockcharts.com/h-sc/ui?s=$NYSI&p=D&yr=3...
http://stockcharts.com/h-sc/ui?s=$NASI&p=D&yr=3...
NYMO, NAMO posted an almost unchanged day.
http://stockcharts.com/h-sc/ui?s=$NYMO&p=D&yr=1...
http://stockcharts.com/h-sc/ui?s=$NAMO&p=D&yr=1...
as to the bubbly, i am saving it for the 1200's.
Look at one of the three charts in the first set of links and compare how the volume declined this week as the price moved; other rallies off the swing lows earlier in the bull market had rising or flat volume as the rally built up off the lows, not declining volume. May be we will get the follow through day on Monday but till we get it the rally remains unconfirmed.
is it just another, bigger, volume fakeout or the real wyckoff? i look
forward to seeing how it is resolved.
the 10.2 on friday may have shocked big players so much that they stood
aside. still, there should have been more selling if there is much left in
weak hands.
imho.
I currently live in Southeast Asia spending time in Malaysia, Singapore, and Indonesia. Of course the island of Borneo is shared by both countries (Malaysia and Indonesia) and is one of the last great refuges of the orangutan (aka Wild Man of Borneo). Additionally, the word orangutan comes from the Malaysian and Indonesian languages of which I'm fairly proficient (yea, I've posted it before).
Orang=man
(H)utan=jungle.
Now cue The Twilight Zone music.
http://forums.technicalwatch.com/post?id=379301...
- hiker
http://www.technicalwatch.com/cum09/cum110609.htm
Wow. What action in AMZN. The stock moved up more than $10 by 10:00AM today from its Thursday's AM lows. Closed at a new all time high, and above the previous intra-day high.
I think we are entering the stage where the market will pick its winners and losers instead of lifting all the boats. This is increasingly looking like the summer of 2007.
The reaction of currencies today was interesting. The biggest drop was against the Yen. Today's job report has sealed any doubts about the Fed tightening any time soon. Traders who may have gone short the Yen predicting a reversal of the funding currency out of USD and back to Yen scrambled to cover. After the initial reaction it became clear that the USD carry trade is on in full force and most currencies recovered. It is very likely that King Dollar will continue its path down now that the pesky NFPs are out of the way.
However this is not necessarily positive for equities. Traditional risk asset correlations seem to be changing. Oil was down big today while equities rallied and Gold continues to go up. However, liquidity is not going to be drained from the system anytime soon and that should be positive for equities.
In addition to detailing what the book's title deems, 'The Behind-The-Scenes Story Of How John Paulson Defied Wall Street And Made Financial History,' Zuckerman manages to humanize Paulson through his insider look. While this might imply that Paulson possesses some sort of villainous trait, one could argue the book showcases him as neither a financial deity nor a villain. Instead, he is portrayed as a diffident and practical human being that relentlessly pursued an idea and gained notoriety through success.
Let's first get to the facts: This is an intriguing book. So intriguing, in fact, that we read the entire thing in one sitting cover-to-cover. While we acknowledge that this could be in part due to the fact that we are enamored with tracking hedge funds at Market Folly, it is still a good read regardless.
The Greatest Trade Ever chronicles how hedge fund manager Paulson (and others) bet against subprime and reaped billions. The work of senior Wall Street Journal writer Zuckerman falls right into our niche and gives us an unprecedented look with exclusive access to Paulson through more than fifty hours of interview. It specifies how the thesis was formulated, how the idea was pursued, and most notably, how exactly the trade was put on. This book is the definition of insider access.
The remarkable thing about this story is the fact that Paulson's idea can be summed up by one simple chart: a plot of how much real estate prices had diverged from their historical norm. That chart, crafted by then Paulson & Co analyst Paolo Pellegrini, would serve as the glistening prize in their collective trophy case. What this book shows you though is just how complex of a journey it was to arrive at that simple piece of paper. While Zuckerman's work rightly showcases Paulson as the protagonist, it also details the journeys of other individuals pursuing the same historic trade. It details the investment timelines of Jeffrey Greene (an investor who knicked Paulson's idea and tried it on his own), Michael Burry (an investor who made the right call but was early to the play), and Andrew Lahde (the hedge fund manager who pursued his conviction in the play and later penned the infamous 'F*ck you' goodbye letter to Wall Street).
Zuckerman also rightly focuses on Paolo Pellegrini, the analyst who performed much of the legwork behind the idea. What's interesting about Pellegrini is his ruffled past. Before joining Paulson & Co, Paolo seemingly floundered in the investment industry and appeared to be on the brink. However, this match seemed destined to be, as the Paulson & Co team appeared a rather ragtag bunch sprinkled with 'grind-it-out' pasts. They weren't perfect and The Greatest Trade Ever highlights this, bringing this hedge fund deity (and envious readers) back down to earth. Just like you and me, the people behind this trade are human and struggled with tough times. Before his uprising, Paulson doubted himself and was essentially a run of the mill fund manager, nothing too out of the ordinary. Yet, all it took was an idea and a determined set of minds.
In short, The Greatest Trade Ever is a magnificent insider look at how Paulson and others profited off of subprime's demise, detailing both the formulation and implementation of such a trade. It chronicles the hedge fund's uprising and shows you how before this one idea, the ragtag bunch at Paulson & Co were far from deities. In the end, Zuckerman's work is both insightful and gripping. As for Paulson? He's back at it again. His latest bet? The demise of the US Dollar. As Paulson says, "It's like Wimbledon. When you win one year, you don't quit; you want to win again."
source: http://www.marketfolly.com/2009/11/greatest-tra...
I read Hedge Hunters: Hedge Fund Masters on the Rewards, the Risk, and the Reckoning last year and both enjoyed it immensely and learned a lot about posture and patience from some leading hedge fund managers. Some reviews can be found at http://www.amazon.com/Hedge-Hunters-Masters-Rew...
Nice post on the critters, I just finished watching Animals
Born Wild: The First Days of Life:
The birth of different animals, including marmoset, moose, elephant and gorilla.
There are some outstanding lines in this piece.
I just read most of this, as well as the newest Taibbi article in Rolling Stone I saw over at The Slope.
I would like to be "outraged" like Mish, but the largest holding in my growth fund this quarter is GS.
http://globaleconomicanalysis.blogspot.com/2009...
It's the same rationale for not buying socially responsible funds like Calvert. One just has to choose which fights are worth the effort and chink away at the world in personal ethics and morality in face to face interactions in the work place to get a good night's sleep.
p.s. i don't care if you ban me; i realize bears cannot stand to be refuted; it's inevitable.
:)