Archive for June, 2008
U.S. Dollar Index: Technical Analysis
June 29th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. The U.S. Dollar Index has been meandering higher, but Friday’s close represented a break down and out of the recent, uptrending channel. Well, it depends on how you draw the channel. It might still be in a longer term channel, but […]
Oil: Technical Analysis
June 29th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Summary (In English): The oil price uptrend looks set to continue, with short term pullbacks along the way. — I made large charts this time: WTI Daily WTI Weekly Oil has settled into a healthy (roughly 45 degree), uptrending channel. After […]
Oil Rises Above $142 for First Time as Investors Spurn Stocks
June 29th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Welcome to the public participation phase on oil… UPDATE: Actually, no. I take that back. I just looked at the charts and the daily interval doesn’t show the tell tale gap of public participation. Check back later for look at oil […]
“Some Guests Left Wearing Strange Featureless Human Masks”
June 28th, 2008UPDATE 2: Ad Campaign for Automobile Firm Faceless Droids Stalk the Wealthy UPDATE 1: It’s Some Kind of PR/Marketing Stunt For what, though? More pics from Dlisted. — End Update — Leaving an Elton John party… Woh. Via: Mail on Sunday:
Marc Faber: ‘Misleading’ Fed Should Let Banks Fail
June 28th, 2008His chortles at the CNBC bozos were great. It gets really good at the end of Part 2. Part 1: Part 2:
The Price Of Food: 2007 – 2008
June 28th, 2008I noted a few of the most shocking increases. Remember, these are changes over just one year. Via: Cattle Network: Eggs, Grade A +28.32% Barley +52.56% Beans, Dry Edible +64.29% Corn +46.70% Flaxseed +134.46% Lentils +147.73% Oats +38.96% Peas, Dry Edible +62.38% Rice, Rough +50.00% Sorghum +41.45% Soybeans +72.75% Sunflower +65.06% Wheat +80.33% Research Credit: […]
Unemployed Banker Stands on NYC Street Wearing ‘For Hire’ Sign
June 27th, 2008Via: USA Today: Call it a sign of the times. An unemployed banker has taken to the streets of Manhattan — wearing a pinstriped suit and an “MIT Graduate for Hire” sign draped over his shoulders. Joshua Persky, an unemployed financial engineer, says he’ll be passing out resumes during the lunch hour all week. On […]
Telecom Amnesty Flip-Floppers Got More Telecom Dollars
June 27th, 2008People wonder, “What’s a good investment?” Corporations buy off elected representatives for bum change. It’s not quite something for nothing, but owning an elected representative for a few grand seems pretty close to it. Via: Wired: Democrats who switched from opposing to supporting legal amnesty to telecoms that aided the government’s warrantless wiretapping program received […]
U.S. Freezes Solar Energy Projects
June 27th, 2008Do you get it yet? Via: New York Time: Faced with a surge in the number of proposed solar power plants, the federal government has placed a moratorium on new solar projects on public land until it studies their environmental impact, which is expected to take about two years. The Bureau of Land Management says […]
Barclays Warns of a Financial Storm as Federal Reserve’s Credibility Crumbles
June 27th, 2008Via: Telegraph: Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall “below zero”. “We’re in a nasty environment,” said Tim Bond, the bank’s chief equity strategist. “There is an […]
