Category Archives: Government

Sign of the Times

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Well, with 73 short positions on, constituting a seven figure portfolio, and ending the day virtually unchanged, I am hardly inspired to wax poetic about the “market” right now. I’ll leave you with this curiosity, however: while taking one of my dogs on a long walk to Whole Foods this afternoon, I passed this brand new sign, recently erected by the good people of the municipality of Palo Alto:

0504-sign

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US Should Recognize First Genocide of 20th Century

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By Biiwii

It is disgraceful. Every time Bob Dole would introduce legislation that would have America simply acknowledge the atrocity that was the 20th Century’s first genocide (of the Christian Armenians by the Muslim Turks) it would get shot down. Bob kept trying and other voices cried out but America – across generations and political parties – just continues to put its fingers in its ears and go ‘la la la la la… I can’t HEAR you… la la la la la…’

US should recognize Armenian genocide –Boston Globe

The sheer scale of the murders in Turkey was so overwhelming that Polish lawyer Raphael Lemkin later devised the word “genocide” to grapple with the carnage.

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Duck, Duck, Goose

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Wednesdays before expiration (especially on FOMC days) are special days.

Volume is split between 2 contracts.  We have stops getting killed on both sides of indecision, and then a lot of chop, chop, slam….  chop, chop, slam….  It reminds me of the old Duck, Duck, Goose game.  Only this time, retail stops are left holding the bag and can’t find a chair or get a break.

The witching hour appears to be the hour going into oil pit close.

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Still Crude: EIA, EIA, oh

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Old MacDonald had an oil farm, E-I-A, E-I-A, Oh!
With a stop run here and a stop run there,
here a stop, there a stop, everywhere a retail stop, E-I-A, E-I-A, Oh!

Wednesdays are Prince Spaghetti Day.  They are also when the US Energy Information Administration releases its weekly petroleum status and crude oil inventories (except during holiday weeks).  Check out the last 3 EIA news scam days.

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Hulbert on Fed Rate Hikes and the Stock Market

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Mark Hulbert has a piece this morning at MarketWatch in which he de-correlates the first Fed interest rate hike from any supposedly corresponding stock market movements. I agree with some but not all of what he writes. Let’s take it a chunk at a time.

Investors, it doesn’t matter when the Fed raises rates

Are you obsessed with whether the Federal Reserve will begin to raise official interest rates in July, September or sometime next year?

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