Markets took a nice shellacking today on a strong dollar, weak energy, (Oil and Gasoline), and rumors of a big margin call from a futures trader. The Dow lost 130 points, SPX dropped 14, while the Nasdaq gave up 27 — each was off about 1%.
Is this the beginning of the end? A pause that refreshes? Just another step on the path to QE3 ?
What say ye?
A very cool look at the cost and popularity of gadgets since the 1980s – covering phones, computers, TV, video, and audio. You can clearly see the “digital revolution” start around 2000, killing off earlier technologies; it’s also interesting to see the cost of any gizmo fall over time (the circles get smaller). > Source:…Read More
Category: Digital Media
This white octopus was filmed with a high-definition underwater video camera at 6600 feet depth 200 miles off the coast of Oregon in September 2005 as part of the VISIONS ’05 expedition led by Professors John Delaney and Deborah Kelley of the University of Washington. Little is known about the deep-sea octopuses that live in…Read More
> Dollar rally, Gasoline futures limit down, and a softening market = mucho ugliness intraday. grantham said he tends to be early, but he seems to have nailed this one perfectly: Time To Be Serious (and probably too early) Once Again. Watch for an attempt at a snapback after lunch . . .
> The list of the World’s strongest bank is dominated by Canadians, and headed by Singapore’s Oversea-Chinese Banking (OCBC). No. 2 is Svenska Handelsbanken AB of Sweden. Just three U.S. banks — Fifth Third Bancorp (No. 7), JPMorgan Chase & Co. (No. 14) and (WTF?!?) Citigroup (No. 16) — make the top 20. > Source:…Read More
Greek Debt Crisis “An Absolute Nightmare,” FT’s Wolf Says
May 11, 2011
The March Trade Deficit widened to $48.2b from $45.4B in Feb and is the 2nd widest since late ’08 but in March the increase was solely due to higher petroleum imports which alone rose more than $8b m/o/m. Ex petro, the trade deficit would have fallen by $3b as overall exports rose 4.6% to a…Read More
Dear Bull, On July 14th, 2010 I wrote a “letter” to short sellers warning them to “be very, very careful here into year end” and that “we are set up for a big rally over the next 5 1/2 months.” I cited a calming down in European credit stress, a better than feared earnings season…Read More
Interrogation Experts From Every Branch of the Military and Intelligence Agree: Torture DOESN’T Produce Useful Information
Virtually all of the top interrogation experts – both conservatives and liberals (except for those trying to escape war crimes prosecution) – say that torture doesn’t work: • Army Field Manual 34-52 Chapter 1 says: “Experience indicates that the use of force is not necessary to gain the cooperation of sources for interrogation. Therefore, the…Read More