I am a huge fan of Norm MacDonald, and I’ve been obsessively listening to all his Norm MacDonald Live episodes on YouTube for months now. I’ve been waiting to do this post, since I wanted the time to be right.
His twin episodes with Gilbert Gottfried are some of the funniest things I’ve ever heard in my entire life. If you are ever doing something boring that requires audio entertainment (in my case, yesterday I was unpacking a ton of luggage and sorting things out), there’s no better way to keep your ears occupied. Indeed, I’d suggest you only listen to it, as doing so is even funnier than watching it.
This isn’t like watching Airplane! for the first time. It’s not gut-busting stuff right away. But as it sinks in, it gets more and more brilliant, and if you have the twisted sense of humor I do, you’ll absolutely appreciate it. They unwittingly did some of the great improvisational material of all time.
One last tip: it’s important to watch the entire first episode, since it makes the second all the more funny. Enjoy……
The decline from 2378.36 to 2328.95 wasn’t big, but it was over 2%, if only just at 2.08%. That means that with the daily close back over the 5dma yesterday SPX is back on the 5dma Three Day Rule, which states that on a daily close back (more than 2 handles) below the 5dma on either of the two trading days after the break back above, the last swing low below the 5dma (at 2328.95) should be retested before the last swing high above the 5dma (at 2378.95) is retested. This is a very strong statistic, though in this case the preceding move obviously wasn’t large. The 5dma is currently at 2347 and may close several handles away from that number depending on what happens before the close. SPX daily 5dma chart:
It happens when inflammatory events (usually political, terror or war related, but also including things like Ebola, Bird Flu and the like) crop up; stocks go down and hysteria starts to build. The mainstream media jump aboard and next thing you know you’ve got people heading for the exits… right into the next bottom. In the case of the current corrective consolidation, a disappointment in the Trump administration’s Healthcare follies rolled right into the war-like events in Syria and Afghanistan. Presto! A much needed correction of the over-bullishness was on.