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Friday, February 28, 2014

Where Are Out Rights?

Friday, February 21, 2014

For The Love of Everything Sacred...Please God Burn Walmart Down....It is our Soddom and Gomorrah! LMAO!!!

clip_image001I’m ticked off… and I have a scooter.
clip_image003Excuse me while I pour bleach in my eyes!!!
clip_image004OMG, he’ll catch his death of cold!
clip_image005If this was Arizona  I bet they were done in 5 minutes.
clip_image006“It looks like Otto is getting forgetful again.”
clip_image007Now what the hell is HE doing???
clip_image008She said she wore a size 4, and by golly she wasn’t lying.
Just glad she didn’t turn around!
clip_image009Let’s see…6’10″ tall, and he goes out of the house wearing THOSE shoes!
clip_image010Proof that the devil is married, ’cause here’s his wife!!!
clip_image011No comment.
clip_image013What’s he doing with his right hand? And how d’ya thinks he smells?
clip_image014The red hat and purse bring out the tones in his skirt.
clip_image015Huge breasts, shaved head, hairy arms. Is it a shemale?
clip_image016Is that pink underwear???  And is that a MAN???
Just resting the girls?
clip_image018Please pass me that bleach…
clip_image019Is it just me, or did this gal simply not wear ANY pants to the store???
clip_image020Momma, I gotta borrow your moo moo and shoes if you want me to go get you a snack.
clip_image021I think that’s two different boots.
clip_image022The bleach, please…
clip_image023What’s that on her head?
clip_image024Uummâ eeewww?
Can’t wait to see what he pulls out.

Was QE Effective?


He Swings a Big Norwegian Wood

Fridtjof Nansen
If you can look at this picture and tell me that this isn't one of the sweetest photos of a dude with a 'stache that you've ever seen, then you obviously need to learn a little something about facial hair and being awesome.  This picture alone makes the guy badass, even if you didn't know the story behind it.  You will be pleased to learn, no doubt, that the man behind this vicious strip of solidified testosterone is sufficiently badass to pull off a soup strainer that epically righteous.  It can be no other way.
Fridtjof Nansen was a tough-as-nails Norwegian psychopath with an impossible-to-spell first name and an unstoppable desire to constantly freeze his balls off and risk his life in the name of science and kickassery.  Born in 1861 in a town near Oslo, as a teenager this super-brilliant, ultra-hardcore crazy person constantly went outside into the frostbite-inducing snow-covered wilderness Bear Grylls-style to test himself against the most volatile bullshit Mother Nature could furiously dump on him.  Spending days and weeks at a time alone in the wild with just his faithful dog, a sharp knife, and his badass 'stache to keep him company, this guy quickly forged himself into a high-endurance asskicker.  This dude was so ridiculously tough that that he could get out and cross-country ski fifty miles a day, every day, for pretty much as many days as he wanted.  For those of us who have no idea what skiing two marathons back-to-back actually means, the 50km cross-country ski race (30 miles for those of you who continue to resist the global tyranny of the metric system) is the longest ski race the Olympics has ever offered.  In the 1948 games, 20 world-class athletes busted ass and finished the race in times ranging from 4 to 5 hours, with seven more guys dropping out and not even being able to crawl their half-dead asses over the finish line.  They haven't offered the race since, presumably because that bullshit constitutes something akin to "cruel and unusual punishment." For this guy it was half a day's ski in the woods.

In 1882, the 21 year-old Nansen went on a naval expedition to Greenland and instantly fell in love with the harsh, unyielding hellhole he discovered there.  Greenland, contrary to what it's name might imply, is actually a freezing-ass wasteland of ice and pain and misery, but that's apparently the sort of thing that appeals to guys who enjoy spending their time fist-fighting wild animals in the uncharted mountainous regions of Norway.  Nansen, who loved learning about zoology, ecology, and oceanography, used his time on the ship wisely – while lesser men were below decks doing wussy crap like huddling for warmth or losing their fingers to frostbite, Nansen was getting up-close-and-personal with polar bears, making observations and writing a damn book about how balls-out he was.
Returning to Norway so pumped up he wanted to barf, Nansen got his Ph.D. in zoology from the University of Oslo. When he wasn't working on a dissertation exploring the central nervous system of lower invertebrates, developing the groundwork for the field of science that would become neuron theory, or working at a research station with Armauer Hansen (the man who discovered the leprosy bacteria), Nansen took a study break to ski 300 miles over a usually-impenetrable mountain range so that he could participate in a ski jumping competition that was taking place on the other side of the country.  I wasn't able to find the results of the competition, but knowing what we know about this guy it's probably safe to assume that he flew off the ramp, did a double backflip and landed on top of a volcano in Iceland.

One day Nansen got bored of being a super-genius ski-jumping wilderness expert, so he got a couple friends together and decided to be the first person to cross Greenland on skis.  To this point, nobody had ever attempted an exploration of the interior of Greenland, and the closest anybody had come to reaching the North Pole was writing a letter to Santa Claus, but Nansen didn't give a crap about any of that shit.  Nothing would stand in the way of him kicking one of Saint Nick's reindeer in the antlers.  He landed a ship on the East coast of Greenland, unpacked his skis, and got ready to freeze his junk off. Figuring that retreat or surrender would be an indelible sign of weakness, Nansen took the head-searingly insane step of burning his boats after he landed, thereby removing the one possible avenue of escape from this uncharted wasteland nobody had ever successfully ventured across without dying.   Victory or death, as they say.  Nansen and five other men then spent the next two months cross-country skiing across the continent, battling through dangerous ice, exhaustion, elevations over 9,000 feet, and temperatures as low as fifty below.  Incredibly, they made their way all the way from east to west, landing in the warmer sunny climes of Siberia before heading home to a victory parade, an artillery salute, and the status of a national hero.  Fridtjof turned his experience into two best-selling books, both of which he also illustrated, because of course this guy was strong, smart, and also artistic. And women loved him, obviously.
For his next trick, Fridtjof Nansen decided he was going to become the first person to reach the North Pole.  He developed a pretty ingenious tactic for doing so – he built the famous, ultra-hard wooden ship Fram, lodged it into the ice pack off the coast of Siberia in 1893, and let it drift in the ice while the tides of ocean carried him across the pole.  This was a tactic that would be used by great explorers from Scott to Shackleton to traverse both Arctic and Antarctic climes, and this guy pioneered that shit.

Ah, good times.

Nansen and his crew drifted for 18 months, somehow surviving in the freezing-ass cold temperatures, but unfortunately the tides of the Arctic Sea decided not to cooperate with Nansen's plan, no matter how good it was or how intensely he tried to stare it down.  Realizing that he was drifting too far from the pole and wouldn't cross it, Nansen obviously did the badass thing – he and one other guy jumped out of the drifting boat, jumped on a dog sled, and rushed 140 miles across open ice to get there.
Nansen didn't reach the pole – he was forced to turn back just a couple hundred miles away – but he had achieved the highest latitude ever reached at this point in history, which was definitely something to be proud of.  Not convinced that he could find his still-drifting ship as it made its way through the polar ice, Nansen and his homedog instead headed south across Greenland.  They spent a winter living in the inhospitable climate of the extreme North, building a hut out of stone and eating walrus blubber and polar bears he personally clubbed to death with his boner, and finally reached Norway by kayak the next summer.  In addition to being awesome and also kicking ass, the six volumes of research material he published on his trip got him a post as a Professor of Oceanography at the University of Oslo and plenty of prestige in the legitimate scientific community.  His ship, Fram, would go on to carry Roald Amundsen to the South Pole.  To this day, it's still the wooden ship that has achieved the furthest North and furthest South latitudes, and this dude built it back in 1890 using ingenious mathematics-oriented ship-building techniques he devised himself.
When World War I broke out in 1914, Nansen had to halt his balls-out research/almost dying, which sucked.  He was so pissed about it that he went out and won the Nobel Peace Prize so that he could get back to doing dangerous things.  Seriously.  He was Norway's representative in the League of Nations, the High Commissioner for Refugees, and he closely worked with governments and the Red Cross to provide humanitarian aid to people affected by the war.  He negotiated a relaxation of the Allied blockade of Europe, allowing much-needed food to get through to starving people, and negotiated the repatriation and ethical treatment of displaced persons and refugees, developing techniques still used by the UN today.  His most badass accomplishment to this end was the development of the "Nansen Passport", a document that allowed refugees to travel to countries that could help them.  My guess is that he just put his picture on there and people were so awe-struck by the glorious stache that they did whatever he wanted.


After the war, Nansen continued being awesome to the world.  He negotiated post-war prisoner-of-war exchanges and releases, and helped Turks, Greeks, and Armenians escape persecution from various sources after a bunch of terrible shit went on in their respective territories.  When the Russian people were starving to death after a decade of war and revolution, Nansen rallied international support and got food and medical supplies for them.  The Soviets distrusted the Western powers, and refused to deal with anyone except Nansen.  He's credited with saving the lives of something like ten million people with his food policy in Russia. Not bad for a guy who was head-butting polar bears and building shelters in the wilderness of Greenland a few years earlier.
The adventurer, explorer, scientist, and humanitarian badass Fridtjof Nansen died in 1930 – just a couple years before he would have found a way to single-handedly end World War II with his facial hair.

Thursday, February 20, 2014

Philadelphia Fizzle

Following on the heels of Tuesday's weaker than expected Empire Manufacturing report, today's Philly Fed also missed expectations by a wide margin.  While economists were forecasting a headline reading of 8.0, the actual reading was -6.3.  This is the lowest reading since February of 2013 and was the biggest miss relative to expectations since June 2012.
The table to the right breaks down February's Philly Fed report by each of the index's subcomponents.  As shown in the table, just three (Delivery Time, Inventories, and Prices Received) of the nine components increased this month.  Of the six components that declined, Shipments and New Orders saw the largest drops, which doesn't bode well in terms of economic strength.  Once again, given the rough winter we have seen in the Philadelphia region, weather is being cited as the main culprit behind the weakness.  Whether or not you agree that the weather argument has any merit, the reality is that until it warms up, investors seem willing to give the economy the benefit of the doubt.  If you look at the forecast for the New York City area, it doesn't look like it is going to consistently warm up any time soon.

Who Is Going To Make The Two Billion Dollar Bet?

Saturday, February 15, 2014

Not Out Of The Woods Yet

GC W 15 Feb 14

Friday, February 7, 2014

The Chart of the Century

Been awhile since I posted one of my sexy charts....But I felt you all needed a blueprint...We have a topping formation, called a Megaphone...As you can see from this monthly chart it has taken quite a long time to form....and it is getting narrower....Slow Stochastics are beginning to roll over from a period of very high plus 80 readings...Using chart, price, candlestick and fibonacci information...I see a price decline by summer time of 1392....that will be a 38.2 retracement from the lows....So short term we might make a nominal new high....But then get your Doomsday puts ready for some serious Bear action!!!!!

Wednesday, February 5, 2014

We the People.Genetically Modified

Interest Rates Still Going Lower

One of my favorite themes coming into the new year was how the market would react to lower interest rates. I couldn’t think of a single person who didn’t “know” that rates were heading higher. It was just assumed that we were in a higher interest rate environment. Extremes like this in sentiment make the best trades.
Now that we’re in February and interest rates have gotten crushed as bonds exploded higher, we hear and read about how unexpected this was. This is the common reaction to an unwind in extreme sentiment. Readers here know we were all over this trade (see A B C & D) but there seems to still be more coming. I really don’t think this drop in rates is over.
These unwinds in sentiment can last longer and take prices further than most expect. In fact, I often see these unwinds ignore what would traditionally serve as reliable support and resistance levels. Sentiment can be that powerful when the masses are on completely the wrong side of the trade, which is precisely what we had here.
But let’s put that aside for a minute. Price, at the end of the day is the only thing that pays us. Extreme sentiment unwind or not, price still rules in our world. So here is the weekly chart that we were first pointing towhen we caught the bond bears napping.
2-4-14 TNX weekly line
Every time rates get up to this down trend line they seem to roll over pretty hard. In fact, every time rates have hit this level, on average they get cut in half. I’m not predicting that this will absolutely occur once again, but a 10yr yield back down to 1.5% would be perfectly normal.
Also notice the bearish divergence in momentum at the December highs in rates. That could be another catalyst to send yields much lower.
Now, taking a closer look at interest rates, here is the same daily chart we were looking at back in December. We have a clear false breakout in the 10-year yield that failed to hold above the September highs and key 3% psychological number. Also, while prices were failing up there, momentum was already rolling over confirming the same bearish divergence we see in the weekly chart:
2-4-14 tnx daily
It seems to me like this 2.5% level in yields better hold. Otherwise, there is a long way down to go just get a normal correction in yields, which is near 1.5%. And from my experience when we see a false move, the fast move that develops in the opposite direction can travel much further than most expect. Like in extreme sentiment unwinds, I often see traditional support/resistance levels completely ignored in these cases. So we cannot assume rates will just turn around and start to rise. Sure, will we see a bounce? Of course, but for right now I think any short-term rise in yields will fail quickly.
I’m running these charts in my own analysis every day. Click here if you’re interested in receiving future annotated chart analysis and commentary on interest rate and bond markets.

Appettite For Distraction

Tuesday, February 4, 2014


Purposely degrading the Nation's hard earned reserve currency status delivered to you by previous generations, who so honorably built this great country from the ground up through their virtuous and industrious blood, sweat and tears, only to deliberately steal from future unborn generations, in order to continue living beyond your means, so as to maintain an unearned, undeserved and unprincipled grotesque culture of vulgar over consumption, is a deplorable and unconscionable disgrace of Biblical proportion....... 


Blow Me