Dickens; The Man Who Invented Christmas.... You Have No Idea How Much You Owe This Particular Limey........ 

"The uniform, constant and uninterrupted effort of every man to better his condition, the principle from which public and national, as well as private opulence is originally derived, is frequently powerful enough to maintain the natural progress of things toward improvement, in spite both of the extravagance of government, and of the greatest errors of administration. Like the unknown principle of animal life, it frequently restores health and vigour to the constitution, in spite, not only of the disease, but of the absurd prescriptions of the doctor."
—Adam Smith

Chartz And Table Zup @ www.joefacer.com

http://www.youtube.com/watch?v=wSksWyHs ... re=related
Rock And Roll Never Forgets. But There IS A Future, Even If It Is 35 Years Inna Past....


http://www.bloomberg.com/news/2010-12-2 ... stein.html
http://lifeinc.todayshow.com/_news/2010 ... s-under-30
http://ronburk.blogspot.com/2010/08/cas ... ne-of.html

My Granddad Said; "If You're Lucky, Shit'll Do For Brains." I'm Down Wid Dat.....I Made A Good Year For The 401a From Three Months In The Right Fundz... Tight Market Stops Float My Boat...

More To Come... Stay Tooned......

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Ya Gotchur Church Key, Your Skate Key, Your Line Level RCA Interconnect, An' Ya Got Me. All These Things Are Way Dated, But Not Quite Obsolete, Yet.... I Hope. In The Meantime, I Gotta Get A New Ribbon Fer My Daisy Wheel Printer An' A Roll O' Film Fer My 35mm An' My Wife's 110, An' A Brand New VHS VCR Cuz I Used Up All My Betamax Tapes ......Sure Hope I Can Find A Woolworths Or Monkey Wards Open Onna Sunday. 

"Change has a considerable psychological impact on the human mind. To the fearful it is threatening because it means that things may get worse. To the hopeful it is encouraging because things may get better. To the confident it is inspiring because the challenge exists to make things better."
-- King Whitney, Jr.

Chartz And Table Zup @www.joefacer.com

Ya Gotchur Telecaster and Stratocaster Sound, And Yer Humbuckin' Gibson Sound, But All Too Few Remember The Rickenbacker Sound.
http://www.youtube.com/watch?v=xA8tUUrS ... re=related

The Uptrend Is Still Smokin' Hot....And I'm Still Long. This Too Will End. But Until It Does.....

http://www.ritholtz.com/blog/2010/12/pr ... he-crisis/
http://www.ritholtz.com/blog/2010/12/ki ... -the-road/
http://www.ritholtz.com/blog/2010/12/mo ... -run-wild/
http://www.bloomberg.com/news/2010-12-1 ... tered.html
http://www.bloomberg.com/news/2010-12-1 ... ovsky.html
http://www.ritholtz.com/blog/2010/12/wh ... iefreddie/
http://www.ritholtz.com/blog/2010/12/do ... s-reality/
http://www.ritholtz.com/blog/2010/12/su ... ts-121710/
http://www.ritholtz.com/blog/2010/12/th ... -continue/
http://www.ritholtz.com/blog/2010/12/th ... -and-gold/
http://www.ritholtz.com/blog/2010/12/re ... k-in-2011/
http://www.ritholtz.com/blog/2010/12/se ... -for-rich/
http://www.bloomberg.com/news/2010-12-1 ... ports.html

http://www.sfgate.com/cgi-bin/article.c ... 1GQK86.DTL

Hangin' On And Lookin' Over My Shoulder. This Is A VERY Good Year In 3 Months..... NOT Gonna Give Any More Back Than I Have To.....It's Up So Much, It's Kinda Scary.....

http://www.ritholtz.com/blog/2010/12/bo ... ittle-guy/

Stay Tooned

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The Demo's Snatched Defeat From The Jaws Of Victory And Resusitated The Republicans From Next Door To Death. THAT SUCKS!!! But The Tax Compromise Is A SMOKIN HUGE Fiscal Stimulus In The Face Of The Tea Partiers. Gonna Be An Interestin' 2 Years.... 

I've concluded that all statements made by Goldman Sachs make sense if you append on the phrase "so just give us your money".
- George Zachary

Chartz And Table Zup @ www.joefacer.com

Back Inna Day, I Saw The Yardbirds At De 'Mo. Clapton Was Long Gone By The Time They Hit The Charts, And Beck Was Long Gone By The Time I Saw Them At The De 'Mo. But They Had This Guy Named Page Sawin' Onna Guitar Wit A Violin Bow An' He Was Pretty Good In His Own Right...

http://www.youtube.com/watch?v=HTO7WVxj ... re=related

I'm Outa Bonds And WFO In Stocks...How'd That Happen ????!

Here's Why...

If you were in bonds this year, you looked reeely smart up until the second week of Sept. You were just SMOKIN' Stock's Returns With Corporates and Treasuries.
I Wuz There, Did That. It Worked Reeely Good. Then The Game Changed In Sept And I Changed With It. I Made A Good Year In Three Month's Time.
This Has Been And Is A High Risk And High Reward Moment... And This Too Will Change. Makin' Gains Is Half Of It. Keepin' It Is The Other Half....

Stay Tooned.

Here's What I've Read And Found Interesting...

http://www.ritholtz.com/blog/2010/12/fo ... esnt-work/
http://paul.kedrosky.com/archives/2010/ ... sland.html
http://www.foreignpolicy.com/articles/2 ... _by_carbon
http://paul.kedrosky.com/archives/2010/ ... rcuts.html
http://www.ritholtz.com/blog/2010/12/ap ... ing-ideas/
http://www.ritholtz.com/blog/2010/12/de ... r-lending/
http://nationalinterest.org/print/artic ... nback-3282
http://www.bloomberg.com/news/2010-12-1 ... ldman.html

http://www.ritholtz.com/blog/2010/12/fa ... -problems/

http://www.msnbc.msn.com/id/40643129/ns ... e_economy/
http://www.bloomberg.com/news/2010-12-1 ... ssett.html
http://www.ritholtz.com/blog/2010/12/fo ... nd-blight/

Still Long And Strong...Almost All In In Stocks Less A Little In The GIC...I'm Still A Believer, But Every So Often I Draw A Lttle Outa Stocks And Definitely Do Not Put It In Bonds...

Stay Tooned....

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All Work And No Play Make Jack A Dull Boy. But All Play And No Work Makes No Jack At All....Gotta Get The Proportions Right. Know What I Mean, Vern? ("KnoWhutImean, Vern?) See below... 

We make a living by what we get, but we make a life by what we give.
-- Winston Churchill

Chartz and Table Zup @ www.joefacer.com

Yet ANOTHER moldy oldie from a simpler time.....
http://www.youtube.com/watch?v=30p0PJrH ... re=related
Complete w/ skip.

Know what I mean, Vern?
Razzie nomination one year, Emmy winner the next.... and a movie that grossed $25 Mill. Ya go as far as ya can w/ whatcha got.

http://www.ritholtz.com/blog/2010/12/ch ... isclosure/
http://www.msnbc.msn.com/id/40493886/ns ... inessweek/
http://www.ritholtz.com/blog/2010/12/mo ... t-housing/
http://www.ritholtz.com/blog/2010/12/so ... minalized/
http://www.ritholtz.com/blog/2010/12/te ... e-indians/
http://www.ritholtz.com/blog/2010/12/su ... s-12-3-10/

It's a SELF DIRECTED plan, see. Not a self neglected plan. I've long since blown off the Balanced Pooled Fund because I understand that it is the default plan, complete with all de faults anyone needs. I self direct and I went into high gear around 9/1. These are my horses from then until now.

And here is where I am as of 6:00 Friday 12/3 along with my and the B/P Funds returns. Pretty kool. Stay tooned for the rest of the month as I attempt to as I try to nail down gains before they go away and at the same time, not leave the game too soon. YMMV.

Burj Khalifa,

Burj Khalifa, From Space....Here, Hold The Tape, An I'll Walk To The Other End Of The Shadow An We'll Save The Trouble Of Climbing To The Top Of This Building To Measure how Tall It Is.....

Stay Tooned....

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These Damn Once in A Lifetime Market Crashs, Events, Flash Crashes etc, like '29, '87, '97, '02, '08, '10 And Maybe This Weekend Seem Be To Happening A Lot More Often Than Once A Lifetime.....  

I am not a Democrat, because I have no idea what their economic policies are; And I am not a Republican, because I know precisely what their economic policies are.
-- Barry Ritholtz

Chartz and Table Zup @ www.joefacer.com

iTunes has da Bee-atles. The COFGBLOG Has the KNICKERBOCKERS!!!!!!

http://www.youtube.com/watch?v=1n03a7cL ... re=related
They were even better Beatles than the English ones!!!

http://www.ritholtz.com/blog/2010/11/fd ... losings-5/
http://www.newsweek.com/2010/11/20/euro ... ivity.html
http://www.newsweek.com/2010/11/19/the- ... obama.html
http://www.ritholtz.com/blog/2010/11/o- ... more-60676
http://www.bloomberg.com/news/2010-11-1 ... ment-.html
http://www.msnbc.msn.com/id/40319525/ns ... vironment/
http://www.bloomberg.com/news/2010-11-2 ... surge.html
http://redtape.msnbc.com/2010/11/sherri ... -grov.html
http://www.bloomberg.com/news/2010-11-2 ... -jobs.html
http://www.msnbc.msn.com/id/40368094/ns ... iapacific/
http://www.bloomberg.com/news/2010-11-2 ... -says.html
http://www.bloomberg.com/news/2010-11-2 ... urity.html
http://www.ritholtz.com/blog/2010/11/pl ... s-economy/
http://www.msnbc.msn.com/id/40381037/ns ... _business/
http://www.bloomberg.com/news/2010-11-2 ... hawks.html
http://www.ritholtz.com/blog/2010/11/ma ... verywhere/
http://steveblank.com/2010/11/24/when-i ... the-stars/

http://www.latimes.com/business/la-fi-p ... ull.column

I started to go way long stocks in my 401a about 9/1. Ya can draw uptrend lines and downtrend lines and resistance and support lines and even bollinger bands and symetrical triangles all over the chart. But what it comes down to is that the easy money was made between 9/1 and 11/7. There is a wall of worry, it goes straight up, and never mind climbing it, it may collapse on me. That said, I'm as long stocks now as I was a month ago, after pretty much lightening up two weeks ago. It's a risky position and I'm ready to abandon it at a moments notice. But we'll see.....

http://www.ritholtz.com/blog/2010/11/wo ... on-change/

http://www.washingtonsblog.com/2010/11/ ... -what.html

http://www.bloomberg.com/news/2010-11-2 ... bonds.html

http://www.bloomberg.com/news/2010-11-2 ... tners.html
http://www.bloomberg.com/news/2010-12-0 ... -plan.html
http://www.msnbc.msn.com/id/39435196/ns ... ws-europe/

I hung wit the long side an hadda good day.....a really good day.

There is a possibility of a ramp up into year end as those who live by the returns YTD, are lookin at dyin' by the returns YTD, unless they save a mediocre year by goin' all out for the last two weeks. There are fundz who are having visions of their client's bailing out. They will try to manufacture performance and the sharp guys are ready and waiting for it... I stick wit what I got for now..... I'm heavy in the aggressive funds and no place no place else. Let's see if they can pile on to the momentum plays and do me some good. Do I got my mojo workin'?

These are my horses...Ride Sally, Ride.....

Stay tooned....

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Volatility; The Trader's Friend and the Investor's Nemisis. Here To Stay, Regardless....... 

"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around [the banks], will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."
--Thomas Jefferson

Chartz And Table Zup @ www.joefacer.com

Back Inna Garage Band Day, When You Had No Talent, It Was What You Played. How Could You Sound Good Without A Vox Continental inna band? Didn't a set of Ludwigs make me a drummer and wouldn't I have been even better with a full set of Zildjians? Biff Acne Showing Up With His Fender Jaguar And Vox SuperBeatle Amp Had More Instant Cred Than Eric Clapton Bopping By Lugging A Harmony Guitar And A Silvertone Amp...
Ah, youth....

Another Moldy Oldie.....
http://www.youtube.com/watch?v=F-VFq6nW ... re=related

The market is acting magnetized to a critical technical level. The recent bounce back up to and bumping up and through resistance and falling back through support has stopped my reallocation for now. Data on my website and theo-philisophical discussion and metamatic and cosmic allegorical ruminations to appear here later this weekend.....

Refied this week, just in time... Rates going up inna face of QE, bonds going down... Not expected and not good. Gotta factor this in to the 401a... corporates were good to me for much of this year. Gotta be concerned about giving it back in the market's ebb and flow and give and take... Getting what the market gives is OK. Letting the market take it back does not float my boat...

Pure platinum/diamond/gold on a financial website. Who'da thunk?

http://www.ritholtz.com/blog/2010/11/st ... -way-home/

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I've spent years and years in a single day waiting to get out of school when I was in 5th grade and about an hour between my 59th and 60th birthdays. The Relativity Of Time Becomes Clearer As I Age....  

"...in an information-rich world, the wealth of information means a dearth of something else: a scarcity of whatever it is that information consumes. What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention and a need to allocate that attention efficiently among the overabundance of information sources that might consume it"
-- Herbert Simon

Chartz And Table Zup @ www.joefacer.com

This always went along whenever somebody got experienced for the first time.....

Tough week. End o' the year levitation vs too far too fast, China's coolin' inflation down and domestic reality setting in.

You gotta front row seat (in the cage) on the cage match between these dead economists...
http://www.ritholtz.com/blog/2010/01/fe ... ap-anthem/

http://www.bloomberg.com/news/2010-11-1 ... ate1-.html
http://www.stratfor.com/analysis/201011 ... r_and_g_20
http://www.msnbc.msn.com/id/40136417/ns ... l_finance/
http://redtape.msnbc.com/2010/11/in-new ... html#posts
http://www.bloomberg.com/news/2010-11-1 ... kfire.html
http://www.bloomberg.com/news/2010-11-1 ... egion.html
http://www.bloomberg.com/news/2010-11-1 ... -says.html

Bloody week in and of itself....in perspective, not so much. I've got friends still 100% inna GIC because they can't deal with the volatility of the markets once they get some serious balances in their 401a. Weekly gains can be overwhelmed and forgotten by serious down days. It can be breathtaking. No knock on them. If you haven't experienced it, you haven't got a glimpse down inta the abyss. Stocks go up on the escalator and can go down like falling down the elevator shaft.....

That said....This week was not good and Friday was a bloody nose. But it was on top of a good two months gains... correction and digestion before the next leg up or change in trend and the start of the markets rolling over?

Now... Don't fight the FED vs domestic reality vs China's interest rate bumps vs end of the year Wall Street money manager contract renewals, vs Holiday spirits vs get the last of what's on the table cuz it's been good so far and more is better vs declare victory and leave the table a guaranteed winner. This ain't an easy choice... Stay long and strong and make some more or lose most or all of what I've made, take half off the table and get 50% of the gains but risk only half losses? Or leave the table and call 12% return a pretty good year, which it really is?

I just don't think the year's highs for the market are in....although they might be. Monday will tell the tale. Standing pat, ready to react, and waiting for the market to tell me what it's gonna do and what I should do...

http://www.ritholtz.com/blog/2010/11/ro ... eposition/
http://www.ritholtz.com/blog/2010/11/fi ... r-the-bar/
http://www.msnbc.msn.com/id/40182444/ns ... l_finance/

Monday night....


70+% cash and bonds, getting smaller in stocks tomorrow. Locking in profits....reducing risk....

http://www.ritholtz.com/blog/2010/11/th ... ry-policy/

http://www.bloomberg.com/news/2010-11-1 ... -u-s-.html
http://www.ritholtz.com/blog/2010/11/do ... udclosure/
http://www.bloomberg.com/news/2010-11-1 ... stein.html
http://www.msnbc.msn.com/id/40238859/ns ... l_finance/
http://www.ritholtz.com/blog/2010/11/we ... aggerated/
http://www.ritholtz.com/blog/2010/11/th ... eraging-2/
http://www.bloomberg.com/news/2010-11-1 ... ccord.html
http://www.bloomberg.com/news/2010-11-1 ... rkets.html

http://www.ritholtz.com/blog/2010/11/wh ... -its-debt/

Stay tooned. More To Come Later....

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See Ya @ The Hall... I Get A Piece Of Paper Commemorating That 35 Years Ago I Became An Apprentice Steamfitter.... Time Flies When Yer Having Fun.... 

"One does not leave a convivial party before closing time."
-Winston Churchill

Chartz and Table Zup @ www.joefacer.com

I learned my geography from Top 40 Radio. Fer Instance; Boston is known for it's rivers of frustrated wimmen.....
http://www.youtube.com/watch?v=5apEctKw ... re=related

As per Barry (The MAN) Ritholtz, think of it as asset allocation and risk control instead of market timing.

For the first two thirds of the year I was thinking that the big risk was down and the little risk was missing the upside. I allocated conservatively. I was way bonds and some cash. On or about Sept 1st, my thinking changed and I reallocated and went pretty aggressively into stocks as allowed without tripping the rapid trading penalties inna 401a. It's worked out pretty nicely, so far.... still long, still strong, but now I'm leaning toward reallocating when risks to the downside become predominant. If ya catch my meaning an' get my drift........ Still, I gonna stick wit da trend. It's been workin' so far.....

http://www.ritholtz.com/blog/2010/11/th ... istration/

http://www.ritholtz.com/blog/2010/11/el ... more-60276
http://www.msnbc.msn.com/id/39990043/ns ... d_economy/
http://www.bloomberg.com/news/2010-11-0 ... stove.html
http://www.ritholtz.com/blog/2010/11/su ... vents-115/
http://www.ritholtz.com/blog/2010/11/fo ... s-monthly/
http://www.ritholtz.com/blog/2010/11/th ... osure-zoo/

http://www.ritholtz.com/blog/2010/11/el ... e-economy/

http://www.ritholtz.com/blog/2010/01/fe ... ap-anthem/
http://www.newsweek.com/2010/11/06/obam ... -awol.html
http://www.ritholtz.com/blog/2010/11/ch ... rey-swans/
http://www.ritholtz.com/blog/2010/11/th ... ity-traps/

Three incredibly accurate and depressing evaluations....

http://www.nytimes.com/2010/11/07/opini ... ef=opinion

http://www.ritholtz.com/blog/2010/11/th ... istration/

http://www.ritholtz.com/blog/2010/11/el ... e-economy/

Stay Tooned....

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NAH. NAH NAH NANA. NAH NAH NANA. NANA NAH NANA NAH.... Cannibal Of Cannibal And The Headhunters  

When it comes to the future, there are three kinds of people: those who let it happen, those who make it happen, and those who wonder what happened."
--Hossein Arsham

Chartz and Table Zup @ www.joefacer.com

Saturday Afternoon TV in black and white....Was There, Watched That...
http://www.youtube.com/watch?v=CyX8j3qQ ... re=related
http://blogs.laweekly.com/westcoastsoun ... bal_he.php

Pretty sweet 40 days.... However the market is spring loaded. Terrorism/elections/holiday season/earnings/fund managers make or break time/pretty much the kitchen sink. Breakout or breakdown? I'll make a move either way.... when it does.


http://www.msnbc.msn.com/id/39918900/ns ... al_estate/
http://www.msnbc.msn.com/id/39849329/ns ... inessweek/
http://lifeinc.todayshow.com/_news/2010 ... k-on-a-pig

http://www.msnbc.msn.com/id/39914211/ns ... inessweek/
http://www.ritholtz.com/blog/2010/10/pe ... e-awesome/
http://www.ritholtz.com/blog/2010/10/st ... cs-game-5/
http://www.ritholtz.com/blog/2010/10/bo ... oceedings/
http://www.ritholtz.com/blog/2010/10/fo ... is-weekly/

Pretty Smokin' Day.....Pretty Smokin' Week. I'm buyin' the job lunch tomorrow...

Stay tooned....

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Scars Are Tattoos That Are More About Where Ya Been and Less About Decoration. Memories Are Better Than Last Decade's Intentions, Last Decade's Missed Opportunities, And This Decade's Regrets....  

"The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens."
-John Maynard Keynes

Chartz And Table Zup @ www.joefacer.com

There was always a dichotomy between the Bill Graham/'Mo Auditorium live extended/jam/conceptual compositions/performances and the tight top 40 two minute/plus pop music. De 'Mo Vs Longshoreman's Hall. Sometimes the short stuff said what it had to say and then shut the fuck up. Check out the hair/Höfner bass etc. Way period...

Tom Graff of Real Money sez that the Fed wants to see a little more inflation and to achieve that, they are willing to risk a lot more inflation. That's pretty much what I see. Having lived and worked through a big stagflation episode when the oil companies were throwing money left an' right an' I was there to catch my share, ('80-'85) I'm less than sanguine about doing it over again as a retiree when the banks/government are the ones with the cash (mine and yours used as collateral for loans) and I ain't inna path o' the geyser of cash......

My current 401a riff is still working. Fine tuning it now. Check out the percentages on my website. Buy an' Sell. Nailed one. Hope to nail the other. Tick...Tick...Tick........

http://www.newsweek.com/2010/10/23/a-py ... rance.html
http://www.bloomberg.com/news/2010-10-1 ... vanec.html
http://www.ritholtz.com/blog/2010/10/mo ... -linkfest/
http://www.msnbc.msn.com/id/39801398/ns ... al_estate/
http://www.bloomberg.com/news/2010-10-2 ... -baum.html
http://www.ritholtz.com/blog/2010/10/fo ... re-nation/
http://www.ritholtz.com/blog/2010/10/du ... ng-fracas/

Washington says nothing can be done. There's no money left.

No money? The marginal income tax rate on the very rich is the lowest it has been in more than 80 years.

Robert Reich

http://www.sfgate.com/cgi-bin/article.c ... 1FV3LE.DTL



Stay Tooned.....

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It Was Early Tuesday Afternoon Sidereal Time When This Quiet Dude Inna Corner Stood Up An' Said,  

"Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing ever happened."
-- Sir Winston Churchill

Chartz and Table Zup @ www.joefacer.com

Every Two Bit Garage Band played Louie Louie, Gloria, The Midnight Hour, And Wipeout, But Ya Had To Have A Keyboard Player W/ A Vox Continetal To Do 96 Tears Justice. You Could Fake It W/A Farfisa... But The Vox Made It Authentic. Speaking Of Authentic, Here's The Original Band.....
http://www.youtube.com/watch?v=YrCTgpSP ... re=related

I Went 50% Long Stocks Starting On 9/2. Workin' Pretty Good So Far. Roll Over in Bonds? Anticipating What This Weeks Lousy Numbers Portend?

Stay Tooned... Possible Sea Change Comin'..

http://www.washingtonpost.com/wp-dyn/co ... 06541.html
http://www.nytimes.com/2010/10/17/busin ... .html?_r=1
http://www.newsweek.com/2010/10/17/has- ... ricks.html
http://www.ritholtz.com/blog/2010/10/th ... cle-act-2/
http://www.msnbc.msn.com/id/39648608/ns ... al_estate/
http://www.ritholtz.com/blog/2010/10/th ... n-cowboys/
http://www.bloomberg.com/news/2010-10-0 ... -baum.html
http://www.ritholtz.com/blog/2010/10/in ... n-context/
http://www.ritholtz.com/blog/2010/10/ba ... mortgages/
http://www.msnbc.msn.com/id/39620896/ns ... etirement/

Standing Pat. Market Was Too Far Up Too Fast. Traders Lock In Profits On Any Less Than Stellar Move. Buying Opportunity? Up Trend Prolly Still Intact. We'll See. I'm Still Aheada The Game... Gotta Stay Ahead Though....

More Here Soon....

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So Much Good Music In My Library, So Many Good Musicians Gone. (Listening To Little Feat Late 90's Concerts w/ Richie Hayward) So Greatful For So Many Recordings Available To Fill The Day With Great Music. 

"If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence."
-- Bertrand Russell

Chartz and Table Zup @ www.joefacer.com

Yet Another Moldy Oldie
http://www.youtube.com/watch?v=_FA85RO8 ... re=related

I Started To Go Long Sept 2nd As Per The Rapid Trading Rules And Restrictions Of The 401a, Based on What I Read, What I Studied, What I Thought, And The Healthy Portion Of Good Luck I Earned By Workin' Hard. Pretty Kool 26 Days, Huh? Let's See If I Can Make Some More If It Stays Strong And Keepmost of It If It Don't....

http://www.msnbc.msn.com/id/39562824/ns ... al_estate/
http://www.bloomberg.com/news/2010-10-0 ... rcome.html
http://www.bloomberg.com/news/2010-10-0 ... chers.html
http://www.bloomberg.com/news/2010-10-0 ... -war-.html
http://www.ritholtz.com/blog/2010/10/pr ... hire-5000/
http://www.ritholtz.com/blog/2010/10/su ... events-10/
http://www.ritholtz.com/blog/2010/10/he ... clawbacks/
http://www.ritholtz.com/blog/2010/10/th ... ial-wmd-2/
http://www.ritholtz.com/blog/2010/10/th ... ring-herd/
http://www.ritholtz.com/blog/2010/10/ex ... amp-usage/
http://www.ritholtz.com/blog/2010/10/ce ... -buy-corn/

Stay Tooned.....

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Jes' An Ol' Broke Down PipeFitter Doin' What Little He Can Still Do.............. 

[ view entry ] ( 885 views ) [ 0 trackbacks ] permalink ( 3 / 1053 )
Pretty Good Week..... How 'Bout Choo? It's Nice When A Plan Works Out..... 

Some people regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Not enough people see it as a healthy horse, pulling a sturdy wagon.
—Winston Churchill

Chartz and Table Zup @ www.joefacer.com

Wish I Could Play...

http://www.ritholtz.com/blog/2010/09/su ... -events-8/
http://www.ritholtz.com/blog/2010/09/se ... more-59110
http://www.bloomberg.com/news/2010-09-2 ... rlson.html
http://www.bloomberg.com/news/2010-09-2 ... -baum.html
http://www.bloomberg.com/news/2010-09-2 ... tions.html
http://www.bloomberg.com/news/2010-09-2 ... worse.html
http://www.bloomberg.com/news/2010-09-2 ... tions.html
http://www.bloomberg.com/news/2010-09-1 ... -hunt.html

Pretty Good So Far....I Gotta Chart A Course That Balances The Aggressive "Get Some More" And The Conservative "Keep What I Got"....

Stay tooned....

Wuz Werkin'.... Still Is Werkin'.....

Stay Tooned......

[ view entry ] ( 890 views ) [ 0 trackbacks ] permalink ( 3 / 854 )
Time And Money. The Trick Is To Have Enough Of Both. Workin' Onnit...... 

I am not a Democrat, because I have no idea what their economic policies are; And I am not a Republican, because I know precisely what their economic policies are.
-- Barry Ritholtz

Chartz And Table Zup @ www.joefacer.com

Buddy Miles instead of Nick Gravenites. A litle rough....but we all were in those days.
http://www.youtube.com/watch?v=4bdQ5re4 ... re=related
And When It's Dialed In, It's Monsterously Good.

Good month for me so far. I'm half in the high horsepower stock funds inna 401a and the rest is corporates.

I really should write about it, and maybe I will too.

http://www.bloomberg.com/news/2010-09-1 ... o-cut.html
http://www.ritholtz.com/blog/2010/09/pr ... n-payment/
http://www.bloomberg.com/news/2010-09-1 ... looms.html
http://bayarearealestatetrends.com/2010 ... -bailouts/
http://www.newsweek.com/2010/09/15/lehm ... esson.html
http://www.newsweek.com/2010/09/16/our- ... ng-us.html
http://www.msnbc.msn.com/id/39230668/ns ... tn_africa/


Increased saving is not only being used to repay debt but also to rebuild 401(k)s. Fidelity Investments found that in the second quarter, 5.3% of participants raised their contribution while 2.9% reduced them.... Conventional monetary ease is now impotent with the federal funds rate close to zero , the money multiplier collapsed and banks sitting on hoards of cash (Chart 12) and over $1 trillion in excess reserves. Sure, large banks report to the Fed that they are easing lending standards for small business, but after the intervening financial crisis, many fewer potential borrowers are deemed creditworthy than in the loose lending days. Furthermore, the small business trade group, the National Federation of Independent Business, reports that 91% of small business owners have had their credit needs met or business is so slow that they don’t want to borrow. The Fed is pushing on the proverbial string.


<iframe src="http://videos.mediaite.com/embed/player/?layout=&playlist_cid=&media_type=video&content=TD1Z7H1579MF23QC&widget_type_cid=svp" width="420" height="421" frameborder="0" marginheight="0" marginwidth="0" scrolling="no" allowtransparency="true"></iframe>

The Howard Simons mentioned in the post below is a gentleman that I have followed, spoken to, and corresponded with over the last ten years. He has my utmost respect. The report he authored is not directly actionable, but it pretty much confirms what I've seen anecdotally... The Kotok piece is part of my input and IS actionable as part of a strategy. YMMV

Stay tooned....

[ view entry ] ( 1448 views ) [ 0 trackbacks ] permalink ( 3 / 1054 )
Short Sleeve Shirtz, White Belt, Polyester Pantz Pulled Half Way Up My Chest And Driving A Buick? If That's Retirement, Hell No I Ain't Ready!!!!! 

"If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability."
-Henry Ford

Chartz And Table Zup @ www.joefacer.com

Blue Deck Shoes, White Levi's And Madras Shirts, A Blue Sport Coat And A Pink Crustacean...
http://www.youtube.com/watch?v=T8__EwAT ... xt_from=ML

Whither Goes European Banking?
Is There Yet Another Shoe To Drop In The Millipedian Financial Crisis?
http://www.ritholtz.com/blog/2010/09/be ... fts-bonds/

http://www.newsweek.com/2010/09/12/fine ... -dems.html
http://www.bloomberg.com/news/2010-09-1 ... -debt.html

Lookie Here! Bonds been up and stocks been down. I bin thinkin' that'll change seasonally and cyclically. So i moved some money around.... I'm thinking of these as rented positions and I'm running a cognitive and subjective trailing stop based on holidays and elections and the ebb and flow of the market. This is not without risk. Stay tooned.....

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This Time It's Different.... Kinda. There In Lies The Opportunity.....And The Risk. 

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Heard On MSNBC: "The Economy Is Down To Seeds And Stems." Proof It's All About MahMahMah Generation......Hope I Die Before I Get Bald..... 

"Your last recourse against randomness is how you act -- if you can't control outcomes, you can control the elegance of your behavior. You will always have the last word."
-- Nassim Nicholas Taleb

Chartz And Table Zup @ www.joefacer.com

Friday was a very good day for stocks and a turn down for bonds. The chart puts it in perspective.

I'm still all bonds and a little cash inna 401a. That too will change. Prolly not Monday or Tuesday either. More to come this weekend...

http://www.newsweek.com/2010/08/29/how- ... treet.html

http://www.bloomberg.com/news/2010-08-1 ... japan.html
http://www.msnbc.msn.com/id/38783832/ns ... etirement/
http://www.bloomberg.com/news/2010-08-2 ... -says.html
http://www.bloomberg.com/news/2010-08-2 ... -says.html
http://www.bloomberg.com/news/2010-08-2 ... -rise.html
http://www.msnbc.msn.com/id/38870575/ns ... e_economy/
http://www.bloomberg.com/news/2010-08-2 ... lbert.html
http://www.bloomberg.com/news/2010-08-2 ... robed.html
http://www.msnbc.msn.com/id/38903955/ns ... tn_africa/
http://www.bloomberg.com/news/2010-08-1 ... y-xie.html

Last 100 days....Don't look too good.......

http://lifeinc.msnbc.msn.com/_news/2010 ... t-exactly-

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Market Forces...Like My Daddy Always Used To Tell Me, "Son, The Bigger They Are, The Harder They Hit..." 

"The first step to making money is not losing it."
-- Ed Easterling

Chartz And Table Zup @ www.joefacer.com

Open The Doors

My All Cash/Bonds Low Risk Position Is Back Up Marginally Over Any And All Stocks And The Balanced Pooled Fund Again. I've Been 100% Stocks Before And I Will Be Again When I Get Paid For The Risk. There Is Only One Letter's Difference Between Hero And Zero And Champ And Chump. Safety In The Face Of Risk Is Working For Now.

More Here Later This Weekend.....

“What we had was a government-prescribed course of amphetamines (to keep it up), antibiotics (to prevent infection) and antidepressants (to make it feel better). It endured regular steroid injections from both monetary and fiscal authorities. And it still has no real muscle.”

Caroline Baum: Bloomberg

http://www.ritholtz.com/blog/2010/08/ec ... -fly-list/
http://www.thenation.com/article/153929 ... ut-scandal
http://www.newsweek.com/2010/08/11/is-t ... llets.html
http://www.msnbc.msn.com/id/38695101/ns ... e_economy/
http://www.bloomberg.com/news/2010-08-1 ... ports.html
http://www.bloomberg.com/news/2010-08-1 ... -debt.html
http://www.ritholtz.com/blog/2010/08/ta ... as-of-gdp/
http://www.bloomberg.com/news/2010-08-1 ... -debt.html
http://blogs.wsj.com/economics/2010/08/ ... isnt-free/
http://moneywatch.bnet.com/economic-new ... tural/744/
http://www.newyorker.com/talk/financial ... surowiecki
http://www.ritholtz.com/blog/2010/08/cp ... deflation/
http://www.ritholtz.com/blog/2010/08/co ... jail-time/
http://www.ritholtz.com/blog/2010/08/bo ... tes-11-2b/
http://www.bloomberg.com/news/2010-08-1 ... -weil.html
http://www.ritholtz.com/blog/2010/08/lu ... a-backing/
http://www.msnbc.msn.com/id/38715258/ns ... e_economy/
http://www.msnbc.msn.com/id/38692233/ns ... e_economy/
http://www.ritholtz.com/blog/2010/08/th ... nanke-put/
http://www.ritholtz.com/blog/2010/08/as ... l-economy/
http://www.ritholtz.com/blog/2010/08/fo ... on-prices/
http://www.ritholtz.com/blog/2010/08/th ... -disaster/

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Keep On Keepin' On.... 

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Busy Weekend... I'll Post Something Here Real Soon.... Or As Circumstances And Inclination Permit.  

Still All In Inna 401a In Corporate Bonds (RBFFX), Federal Securities (RGVFX), An' The GIC (Met Life). Details about Why And How And What'd Make Me Change Dat To Follow....

Chartz And Table Zup @www.joefacer.com

Stay Tooned....

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Keep Yer Lamps Trimmed An' Burnin....Rev Gary Davis 

Thoughtless risks are destructive, of course, but perhaps even more wasteful is thoughtless caution, which prompts inaction and promotes failure to seize opportunity.
-- Gary Ryan Blair

Chartz And Table Zup. @ www.joefacer.com

Have Some More Tuna...
http://www.youtube.com/watch?v=ltDMr7IV ... re=related
http://www.youtube.com/watch?v=BFdRSrTJ ... re=related

The First Quarter Looked Pretty Good

The Second Quarter Looked Pretty Bad

That's What Your Quarterly Statements Show You. But How Can You Figure Out Where You Stand Over All By Looking At Stills Of The Action Four Times A Year? You Can't See A Cumulative Picture Or A Running Total. You Need To See The Whole Picture And The Bottom Line.

Ya Can See The Whole Picture Or Any Particular Part of It By Using Charts And/or A Worksheet Like The Ones On My Website.... It Makes Decisions On Asset Allocation A Lot Easier...

http://www.ritholtz.com/blog/2010/07/fd ... n-program/
http://www.ritholtz.com/blog/2010/07/gl ... l-part-96/
http://www.ritholtz.com/blog/2010/07/ja ... no-return/
http://paul.kedrosky.com/archives/2010/ ... ntitl.html

Stay Tooned...

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Started At A New Site This Week.... During The 70's and 80's Oil Crisis, I Worked The Refineries And Oil Field Module Sites And Got Some Of My Gas Money Back. Now I'm At A Solar Cell Producer's Facilty And I'm Getting Stimulus (Borrowed) Money From The Feds That I'll Pay For With Higher Taxes/ Higher Inflation/And Higher Bond Interest Inna Future. Whatever Goes Around, Comes Around..... 

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Earnings Season!!!! Think A Medieval Castle With A Hinged Corridor. One Moment Everything Is OK, The Next , You're One Step Over Center And Gone....or Not. We'll See  

"It is not how right or how wrong you are that matters, but how much money you make when right and how much you do not lose when wrong."
- George Soros

Chartz and Table Zup @ www.joefacer.com

Hot Tuna; I saw an acoustic show @ Bimbo's and an electric show at the Hells Angels benefit for the VD Clinic at the Longshoreman's hall. Same band, quite a range of approaches...
http://www.youtube.com/watch?v=mjfhsLuO ... re=related
http://www.youtube.com/watch?v=_rts3noH ... re=related

Was this last week only a typical bear market bounce or the start of a lift off the bottom as the market predicts a solid earning season and good forward guidance?

Stay tooned....

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Earning Interest And Clipping Coupons In Bonds And Cash Is Always Better Than Watching Stocks Go Down.... Unless You Can Short.  

The ultimate result of shielding men from the effects of folly is to fill the world with fools.
--Herbert Spencer

Chartz And Table Zup @ www.joefacer.com

Freddie King was a favorite of EC's. Not hard to figure out why. The first link can be found on CD too...
http://www.youtube.com/watch?v=7nNYD2LY ... re=related
http://www.youtube.com/watch?v=GGLmZCZ1 ... re=related


http://www.ritholtz.com/blog/2010/07/th ... really-is/
http://www.businessweek.com/magazine/co ... 358596.htm
http://noir.bloomberg.com/apps/news?pid ... .24zLg0I2E
http://www.msnbc.msn.com/id/38072919/ns ... ork_times/
http://www.ritholtz.com/blog/2010/07/sw ... evolution/
http://www.ritholtz.com/blog/2010/07/sh ... c-outlook/
http://www.ritholtz.com/blog/2010/07/st ... reduction/
http://www.nytimes.com/2010/07/04/weeki ... wanted=all
http://www.economist.com/node/16485318? ... extfeature
http://www.nytimes.com/2010/07/04/busin ... wanted=all
http://www.ritholtz.com/blog/2010/07/oi ... 93-part-9/

Fun With Chartz....

A year's worth of returns in the bond funds of my 401a. Not half shabby.

Under certain conditions, bond returns can smoke stocks.

But it's never really a no brainer. The corporate bond fund's out performance is rooted in the fact that in late 2008, investors tossed corporate bonds overboard because they feared that corporate America was going belly up. The catchup looked great. Especially if you didn't know that they started the climb inna hole.

http://noir.bloomberg.com/apps/news?pid ... 18JewR.Dag
http://noir.bloomberg.com/apps/news?pid ... &pos=7
http://noir.bloomberg.com/apps/news?pid ... &pos=2
http://www.msnbc.msn.com/id/38034014/ns ... d_economy/
http://noir.bloomberg.com/apps/news?pid ... amp;pos=10
http://noir.bloomberg.com/apps/news?pid ... &pos=4
http://www.ritholtz.com/blog/2010/07/nf ... -jobs-83k/
http://www.ritholtz.com/blog/2010/07/eu ... erform-us/

http://www.msnbc.msn.com/id/38072919/ns ... ork_times/

http://www.msnbc.msn.com/id/38090407/ns ... nd_energy/
http://www.msnbc.msn.com/id/38090407/ns ... nd_energy/
http://www.ritholtz.com/blog/2010/07/st ... reduction/

http://noir.bloomberg.com/apps/news?pid ... amp;pos=15
http://www.latimes.com/news/local/la-me ... paign=Feed:+latimes/mostviewed+%28L.A.+Times+-+Most+Viewed+Stories%29

Pretty really Serious links....

http://www.telegraph.co.uk/finance/comm ... -1932.html

Last week, forty Republican Senators and one Democrat blocked action on extended unemployment benefits. This week, three GOP Senators were absent for the roll call but the end result was the same -- no relief for the long-term unemployed. By the time those 41 lawmakers return from their Fourth of July recess, 2 million Americans will have spent their final unemployment check. Republicans, however, will not shed crocodile tears over the pain inflicted on the jobless. Instead they will cheer every vote cast that diminishes, delays or denies help to the 31 million Americans idled by this Grave Recession. During the Bush administration, those same Republicans supported policies that are the proximate causes of our economic turmoil -- deficit financing of tax cuts for the wealthy, deregulation of the financial market place and the de-industrialization of America in the name of free trade. But rather than accept responsibility for their own disastrous policies, the GOP started a vendetta against the jobless. Republican attacks on America's jobless are neither random acts of meanness nor the ravings of a lunatic fringe. They are hostile acts in a partisan strategy. By attacking the powerless, Republican lawmakers hoped to align their party with the powerful, capture control of the next Congress and, ultimately, win back the White House.
Occasionally, Republican law makers telegraph their deep disdain for the unemployed. Senator Jim Bunning (R-KY) did so with his one-man filibuster against extended unemployment. Senator John Kyl (R-TX) suggested unemployment acted as "a disincentive for them to seek new work." Senator Orrin Hatch (R-UT) felt the jobless should be drug tested in order to qualify for unemployment insurance. And Congressman Dean Heller (R-NV) used the word "hobos" to demean those on unemployment.

http://www.huffingtonpost.com/rick-sloa ... 33217.html

Everything looks awful. And the recent drop and unemployment numbers are fear inspiring. But we've had 9 outta the last ten days down and everybody is leaning the same direction. Look for an oversold bounce/ counter trend move sooner rather than later. It'll sting if you are in cash or bonds. But ask, "Has anything changed? Or is this part of the markets not being simple or easy?" A trend is a trend until it isn't, and I'll have to have a reason before I allocate back into equities. Cash and bonds fer now....


That stung..... Smokin' hot upward day....

But on low volume and ya gotta look at it in perspective....

Stay tooned....

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Life Goes On.... And So Do I. 

Let us all be happy, and live within our means, even if we have to borrow the money to do it with.
-- Artemus Ward

Chartz and Table Zup @ www.joefacer.com

Hopefully It Just a Song, Smokin' Though It May Be....
http://www.youtube.com/watch?v=BHXKlNP4 ... re=related

Europe sees it's problem as having borrowed way too much money and spending it on keeping the economy going and raising everyone's standard of living and burying themselves in debt. They see the solution as being to stop spending money that they don't have and to pay down the debt. The unintended result will be a slowing long term economic grind with lost jobs and misery. The bright side will be that the falling value of the Euro will make exports cheaper leading to the inevitable and eventual resolution of the problem.

The US sees it's problem as having borrowed way too much money and burying itself in debt. We see the solution as borrowing more money and spending it on keeping the economy going and maintaining everyone's standard of living so as to avoid a slowing economy and lost jobs. The unintended consequence will be that at some point, borrowing more money will raise the cost of the money making the problem even worse. Of course part of the solution is for Europe to spend money, borrowed money if necessary, on buying our goods so as to allow us to export our way out of the problem.

I see a conflict.

I also see the virtue of having my 401a in almost all cash and bonds for much of the near future. I see being able to make a dollar or two on stock market volatility at one time or another some time inna future. What I don't see a a short clear path to a healed economy, plenty of jobs, a new bull market and looking like a genius by buying and holding...

http://noir.bloomberg.com/apps/news?pid ... &pos=3
http://noir.bloomberg.com/apps/news?pid ... &pos=5
http://noir.bloomberg.com/apps/news?pid ... amp;pos=10
http://www.msnbc.msn.com/id/37827936/ns ... al_estate/
http://mpettis.com/2010/06/what-might-h ... ek-crisis/
http://www.ritholtz.com/blog/2010/06/gr ... ry-reform/
http://www.ritholtz.com/blog/2010/06/wa ... a-suffers/
http://www.ritholtz.com/blog/2010/06/ta ... f-the-day/
http://www.ritholtz.com/blog/2010/06/st ... -last-one/
http://www.ritholtz.com/blog/2010/06/2n ... n-housing/
http://www.ritholtz.com/blog/2010/06/is ... exhausted/

http://www.msnbc.msn.com/id/37953358/ns ... ork_times/
http://www.ritholtz.com/blog/2010/06/th ... ll-street/
http://www.ritholtz.com/blog/2010/06/gr ... n-america/
http://www.ritholtz.com/blog/2010/06/fa ... gislation/
http://www.ritholtz.com/blog/2010/06/ba ... ly-report/
http://www.ritholtz.com/blog/2010/06/do ... escalates/
http://www.ritholtz.com/blog/2010/06/wh ... -of-macro/


http://noir.bloomberg.com/apps/news?pid ... &pos=2
http://noir.bloomberg.com/apps/news?pid ... amp;pos=10
http://noir.bloomberg.com/apps/news?pid ... ztsSkSVw_A
http://noir.bloomberg.com/apps/news?pid ... &pos=8

Bond Funds and EuroAsia Fund scrubbed; Cash and bonds inna 401a.


Last 47 days. Cash and bonds inna 401a. Interest beats losing money....

http://noir.bloomberg.com/apps/news?pid ... 18JewR.Dag
http://noir.bloomberg.com/apps/news?pid ... &pos=7
http://noir.bloomberg.com/apps/news?pid ... &pos=2

Stay Tooned....

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Still Waitin For Clarity. The Time To Pin it Is When You're Sure You Ain't Gonna Bin It. It's A Roadracer Sorta Thing..... 

Strong feelings do not necessarily make a strong character. The strength of a man is to be measured by the power of the feelings he subdues, not by the power of those which subdue him.
-- William Carleton

Chartz and Table Zup @ www.joefacer.com

Fusion is a young man's game....

JEEZUS. What Was BP Thinking Was Gonna Happen If They Kept Rollin' The Dice...

http://www.ritholtz.com/blog/2010/06/wh ... -landfall/

http://www.ritholtz.com/blog/2010/05/de ... horizon-2/
http://www.nola.com/news/gulf-oil-spill ... st_of.html

Check out the precursor.... http://en.wikipedia.org/wiki/Texas_City ... _explosion

http://www.ritholtz.com/blog/2010/06/td ... nt-future/
http://www.ritholtz.com/blog/2010/06/th ... ave-given/
http://www.msnbc.msn.com/id/37798908/ns ... ork_times/
http://online.wsj.com/article/SB1000142 ... Collection

Sure as hell, all this is gonna come into play in terms of investor's mindset, and therefore the market, and therefore the performance of my 401a....

http://oldprof.typepad.com/a_dash_of_in ... posts.html
http://www.msnbc.msn.com/id/37798908/ns ... ork_times/
http://www.greentechmedia.com/articles/ ... Content%29
http://www.bloomberg.com/apps/news?pid= ... &pos=4
http://www.bloomberg.com/apps/news?pid= ... er_3TXsr3Q
http://paul.kedrosky.com/archives/2010/ ... ism_i.html
http://paul.kedrosky.com/archives/2010/ ... egrat.html
http://www.bloomberg.com/apps/news?pid= ... amp;pos=12

Again I've flushed the smoking crater that is the Euro/Asian Fund and ditched the bond funds too... We're inna downtrend. Still. I'm outa stocks totally and in the GIC and Corporate Bonds. Still.

This is the full boat of funds, this time referenced against the US Gov Securities, the safest of the safe. Notice that all but one fund is a money loser vs the Gov Sec.and that all but one of the stock funds is inna hole for the year. I'm concerned and playing it conservative....

More To Come.... Stay tooned.

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So Much Data, So Many Possible Interpretations. Sometimes It's OK To Just Wait For Clarity....  

"Don't tell me that worry doesn't do any good. I know better. The things I worry about don't happen."

Chartz and Table Zup @ www.joefacer.com

My Version Of The Old People Sitting Home Onna Saturday Night Watchin' Geezers From Back Inna Day Onna Toob.
You Know, Kinda My Version Of The Lawrence Welk Show...

http://www.youtube.com/watch?v=OqH4PctI ... re=related
http://www.youtube.com/watch?v=fEQ-0-tN ... re=related

http://www.msnbc.msn.com/id/37665192/ns ... gton_post/
http://www.msnbc.msn.com/id/37602308/ns ... e_economy/
http://marketplace.publicradio.org/disp ... money-now/

http://www.nybooks.com/articles/archive ... ing-short/
http://money.cnn.com/2010/06/09/news/co ... /index.htm

I dropped the bonds funds and the smoking crater that is Europe and drew some lines around what was left inna 401a on a "since 12/31/09" chart.

We're in a downtrend but an upside breakout is a possibility. So is a bounce off resistance and resumption of the downtrend. I can't predict the future very well, but I do know what to do with a trend when one appears, how to press a winning hand, and how to honor stops. I'm still all cash and bonds, as of tonight. So stay tooned.

Tuesday Eve
Upside breakout? Follow through would confirm it. Or it could be a bull trap...

I'll hafta think about it...

[ view entry ] ( 848 views ) [ 0 trackbacks ] permalink ( 3 / 1054 )
Considering Your Life As A One Act Play, Ya Wanna Star Inna Tragedy For The Ages, Or A Pretty Damn Entertaining Comedy? 

In general, your target is not to beat the market. It is to beat zero. As I have written for years, the investors who win in this market are the ones who take the least damage.
-- John Mauldin

Chartz and Table Zup @ www.joefacer.com


Rough Week for a lotta people. But I've been in capital preservation mode for a while; half cash and half bonds in the 401a, cash and short in the IRA's and trading accounts and I'm pretty sanguine about it all..... unless I'm reading Lakshman Achuthan.

Volatility is up, the trend is down, We're below the flash crash spike down, it all seems pretty clear to me....

http://www.msnbc.msn.com/id/37510854/ns ... e_economy/
http://oldprof.typepad.com/a_dash_of_in ... dream.html
http://www.theatlantic.com/business/pri ... lar/57696/

“If everyone’s expecting to export their way out of trouble, who will be buying?”
Alvin Liew

http://www.bloomberg.com/apps/news?pid= ... &pos=2

http://www.bloomberg.com/apps/news?pid= ... &pos=3
http://oldprof.typepad.com/a_dash_of_in ... rries.html
http://topics.nytimes.com/top/reference ... classifier
http://www.risk.net/credit/news/1652759 ... -interview

http://paul.kedrosky.com/archives/2010/ ... e_inf.html
http://paul.kedrosky.com/archives/2010/ ... r_the.html
http://www.telegraph.co.uk/finance/fina ... years.html
http://www.nybooks.com/articles/archive ... tion=false

http://www.bloomberg.com/apps/news?pid= ... &pos=6

What do you think the catalyst for this to change will be?
When will it arrive?
Do you have any interest in being part of this for the time being?
Half cash and half bonds inna 401a.....

http://www.ritholtz.com/blog/2010/06/ho ... t-support/

Stay tooned.

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Sell In May And Go Away... Or Not. It Was A Pretty Good Idea... Now What? 

The complete lack of evidence is absolute proof that the conspiracy is working successfully.
-- Unknown.

Chartz and Table Zup @ www.joefacer.com

Obligatory Old Fart Music Link: http://www.youtube.com/watch?v=bqVVnExlX9c

John Cipollina's Stack: http://www.johncipollina.com/rockAmpStack.htm

Sell In May And Go Away...Fuckin' "A"!!!

Pretty much self explanatory. The market is NOT healthy and playing the bounces in a down trend (bear market bounces are notoriously viciously fast and steep) can be very profitable IF you are aggressive, quick, nimble, leveraged, selective, and steely eyed. Which I am. But that is NOT a description of something workable with a 401a. I'm still all cash and bonds.

Four BUMMERS, Coupla Laughers

http://www.ritholtz.com/blog/2010/05/si ... -clean-up/
http://www.ritholtz.com/blog/2010/05/oi ... -chutzpah/
http://www.ritholtz.com/blog/2010/05/bp ... on-valdez/
http://www.ritholtz.com/blog/2010/05/co ... y-lost-1m/
http://www.ritholtz.com/blog/2010/05/ne ... -for-ceos/

http://www.ritholtz.com/blog/2010/05/gs ... -millions/
http://www.ritholtz.com/blog/2010/05/un ... linquency/
http://www.ritholtz.com/blog/2010/05/cy ... slation-3/
http://www.ritholtz.com/blog/2010/05/da ... -thoughts/
http://www.bloomberg.com/apps/news?pid= ... &pos=6
http://www.ritholtz.com/blog/2010/05/in ... al-crises/
http://www.ritholtz.com/blog/2010/05/wh ... g-and-why/
http://www.ritholtz.com/blog/2010/05/si ... more-56374

Back inna day, we tried the "self regulation" that a lotta "free marketers" rattle on about. It was at a place called "Altamont"....


http://www.ritholtz.com/blog/2010/05/th ... trading-2/

Almost as good...
http://www.ritholtz.com/blog/2010/05/ch ... etirement/
http://www.ritholtz.com/blog/2010/05/ja ... reak-free/

So it goes...
http://www.nytimes.com/2010/05/30/us/30 ... wanted=all

As Richard Feynman, the physicist, once observed, “For a successful technology, reality must take precedence over public relations, for nature cannot be fooled.”
Indeed, think of all the planes grounded for nearly a week in northern Europe last month, as a volcano poured ash in the atmosphere. There was no technological fix, and many passengers couldn’t believe it. Said Mr. Kohut, of Pew Research, “The reaction was: ‘Fix this. Fix this. This is outrageous.’ ”

http://www.nytimes.com/2010/05/30/weeki ... l?src=tptw

http://www.msnbc.msn.com/id/37423584/ns ... tn_africa/
http://www.newsweek.com/blogs/the-gaggl ... ians-.html
http://www.newsweek.com/2010/05/28/the- ... -west.html
http://www.newsweek.com/2010/05/30/in-d ... urope.html
http://www.bloomberg.com/apps/news?pid= ... &pos=2
http://www.bloomberg.com/apps/news?pid= ... &pos=9
http://blogs.reuters.com/great-debate/2 ... t-decades/
http://blogs.reuters.com/great-debate/2 ... t-decades/

This is the second time I've seen this material. It's kinda too scary to contemplate. Black helicopters at Area 51 to the max...
I've seen a lot of this kinda stuff disproved over the years. Hopefully this too is another bad acid trip. Still...

http://www.ritholtz.com/blog/2010/05/se ... e-bp-leak/
http://www.ritholtz.com/blog/2010/05/si ... -clean-up/

http://www.ritholtz.com/blog/2010/05/is ... g-america/
Check out the 2nd comment....

http://www.ritholtz.com/blog/2010/05/oi ... more-56415
http://www.ritholtz.com/blog/2010/05/oi ... more-56415
http://paul.kedrosky.com/archives/2010/ ... roduc.html

http://paul.kedrosky.com/archives/2010/ ... _goes.html

Ahl Be Back....

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