Those of you in Manhattan today should check out "Manhattanhenge" at 8:23pm:


Manhattanhenge (sometimes referred to as Manhattan Solstice) is a semi-annual occurrence in which the setting sun aligns with the east-west streets of Manhattan’s main street grid. The term is derived from Stonehenge, at which the sun aligns with the stones on the solstices. It was coined in 2002 by Neil deGrasse Tyson, an astrophysicist at the American Museum of Natural History. It applies to those streets that follow the Commissioners’ Plan of 1811, which laid out a grid offset 28.9 degrees from true east-west.

At sunset, a traveler along one of the north-south avenues on the West Side looking east can observe the phenomenon indirectly, being struck by the reflected light of the many windows which are aligned with the grid. An observer on the East Side can look west and see the Sun shining down a canyon-like street.
The dates of Manhattanhenge are usually May 28 and July 12 or July 13 (spaced evenly around Summer Solstice). The two corresponding mornings of sunrise right on the center lines of the Manhattan grid are approximately December 5 and January 8 (spaced evenly around Winter Solstice).[1] As with the solstices and equinoxes, the dates vary somewhat from year to year.

Category: Science

It’s a Great Time to Be an Investor !

Category: Apprenticed Investor, Investing, Markets, Psychology, Trading

Talks with Treasury Secretary Henry Paulson on the Dollar

Ron Paul Financial Services Hearing – July 10, 2008


Category: Currency, Video

Amity Shlaes Does Not Know What a Recession Is

Category: Economy, Financial Press, Politics

Why Barron’s Housing Cover Is So Terribly Wrong

New Home Completions, 1968-2008 click for ginormous chart Major New Home Building Housing expansions since 1968 are marked as a red horizontal line at bottom. They previously lasted 2-4 years (71-73; 76-79; 83-87) The most recent boom far exceeded all previous expansions, running form 1992 – 2003 — then exploding upwards for another 3 years…Read More

Category: Data Analysis, Financial Press, Real Estate, Valuation

Fed: No Discount Window for FNM, FRE

Category: Federal Reserve, Legal, Psychology, Short Selling, Trading

Friday Night Jazz: River: The Joni Letters

River_the_joni_letters_2 The most interesting Jazz album I have heard this year has been Herbie Hancock’s tribute disc to Joni Mitchell — River: The Joni Letters.

Mitchell’s poetic folk and jazz style lends itself well to a more pure jazz interpretation, and Hancock does just that. It does the material great justice.

Considering how fabulous the disc is, it sold next to nothing before winning a Grammy for Album of the Year — and not a whole lot more since. That’s a shame, as it is a cool delight. Perhaps last year’s messy and inconsistent A Tribute To Joni Mitchell is to blame… except for k.d. lang’s languid version of Help Me, the rest of the album was mostly a bust.

That’s a shame, because this album really deserves a chance to shine on its own. Hancock is a legendary jazz musician, keyboardist, and producer. His star-studded list of vocalists includes Corinne Bailey Rae ("River"), Norah Jones ("Court and Spark"), Tina
Turner ("Edith and the Kingpin"), Luciana Souza ("Amelia"), Leonard
Cohen ("The Jungle Line"), and Mitchell herself ("Tea Leaf Prophecy"). Saxophonist Wayne Shorter adds a smooth and mellow flavor throughout.

One of the highlights of the disc is River (see video below). Hancock creates a fine balance between jazz improvisation and adult pop. Listen to how he arranges this song, pulling its jazz essence to the fore, while Corinne Bailey Rae wraps her voice perfectly around this Mitchell composition.

Perfect for our Friday Night Jazz session . . .

Herbie Hancock featuring Corinne Bailey Rae – River

more videos after the jump . . .


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Category: Digital Media, Friday Night Jazz, Music

Soft Furry Landing

Category: Markets, Psychology

Dow 10,980.37 !

Category: Markets

S&P500 vs AAII Bullish Index

Category: Contrary Indicators, Markets, Psychology, Trading