shadow box

It's the "prime" so they said.

Today I am a king on the hill.

yes, on the hill, not over the hill~


movie:

Transformers: Revenge of the Fallen---Good

06.29.30.2009

Q2 score board: Dow up 11%, Nasdaq surged 20%, S&P up 15%, oil up 41%, Vix down 40%, European stocks up 17% Nikkei up 23%. all eyes now r on unemployment numbers on thur.

07.01.02.03.04.05.2009

It's BBQ and fireworks and red, white, and blue. 4th of July weekend.

Job data was a wreck, like ive been saying, no jobs no recovery. Nonfarm payroll fell 467000 and unemployment at 9.5%, Obama & Co. is under pressure.

California is printing IOUs!!! and on FDIC Friday so far 52 banks failed, 7 this week.

Dow: 8281 -223

Nasdaq: 1797 -49

S&P: 896 -27

Oil: $66.35

Gold: 931 

Movie:

Ice Age 3: fair

Alaska governor Sarah Palin to step down. Kao it's about time~

07.06.07.2009

Test 2 puts on some weight on this head and shoulder formation and seems like S&P is good to go from here. well not until PPT shows up anyway.

Gosh really hate the technicals and often times a toss of coin could have done better for me. Just seems too good to be true. Oil, energy, basic materials, real estates, and financials are all taking hits today, talks of another stimulus might be on the horizon even though we did not even know exactly what happened to the first round of infusion, Obama is getting plenty on his plate and have not heard from Timmy and Benji for a while now, surely hope they don't spook me on some surprise overnight wild moves.

This fish ain't going down without a fight. gotta realign a bit.

Dow: 8164 -161

Nasdaq: 1746 -41

S&P: 881 -18

Oil: $62.18

Gold: $929 

"....the U.S. unemployment rate jumped to a 26-year high of 9.4% in May as the number of jobless Americans rose by 787,000 to 14.5 million....though rate of deterioration is slowing..."

Fields of green shoots and PPT manipulations in the market, assets inflation is moving on the commodities that have given a lot of ppl hope and confidence and it shows on the indexes. Techs are performing and C and GM were replaced by CSCO and TRV in the DOW. In this extraordinary time in life not only have I witnessed the burst of equity and Treasury bubbles and massive de-leverage abroad, but also the invisible hands of the politicians' relentless efforts to intervene into the private markets, armed with monetary policies and bailouts to artificially creat another bubble in order to delay the inevitable depression in the economy. Falling US dollar is creating a glabal debate of whether a replacement of this reserve currency should be created. With trillions in deficits and record level high unemployments in this consumer-based economy, recovery is no where near.

06.06.07.2009

movie:

UP:  best movie so far this summer, great family fun!!

06.08.2009

Bond yield spread is widening, if this thing collapses everything goes. Talks of hyper-inflation, equity traders are switching sides on the hourly basis and the usual right-hand hook at today's last trading hour. This is not a field for junior players, this is trading against FED and the foreign central banks and sovereign funds. Dollar better springs to life soon or else....

06.09.2009

Oil and commodities and USD. Mortgage rates on the rise, all aboard~~

Dow: 8763
Nasdaq: 1852
S&P: 942
Oil: $70.68 (first time above 70 bucks in 2009)
Gold: $955

****************
And a few laughs lol....

The Top Twelve Indicators that the Economy is Bad
by Jim Sinclair

12. CEO's are now playing miniature golf.

11. I got a pre-declined credit card in the mail.

10. I went to buy a toaster oven and they gave me a bank.

9. Hotwheels and Matchbox car companies are now trading higher than GM in the stock market.

8. Obama met with small businesses - GE, Pfizer, Chrysler, Citigroup and GM, to discuss the Stimulus Package.

7. McDonalds is selling the 1/4 ouncer.

6. People in Beverly Hills fired their nannies and are learning their children's names.

5. The most highly-paid job is now jury duty.

4. People in Africa are donating money to Americans. Mothers in Ethiopia are telling their kids, "finish your plate; do you know how many kids are starving in America?"

3. Motel Six won't leave the lights on.

2. The Mafia is laying off judges.

And my most favorite indicator of all.

1. If the bank returns your check marked as "insufficient funds," you have to call them and ask if they meant you or them.

Movies:
Taken: Good
Hangover: Hilarious!

06.10.11.12.2009

BlackRock to buy Barclays Global Investors to create the largest fund manager in the world with $2.7 trillion in assets. Now that's another mega institution with the tag: "too big to fail". M&As continue as it seems easier to sell assets now in the market places.
Wild intraday swings without conviction as traders continue to drive this thin-volume market, commodities r still leading and mortgage rates climbing.
Oil touched $73 intraday and financials remain volatile. Looks like this green shoot is going to hang on a bit longer throughout July.

The hard part is, how to act against one's own will.


06.13.14.2009

Summmmmmer heat~~
Blue Bayou and movies.

06.15.2009 am

LOS ANGELES (MarketWatch) -- President Barack Obama is expected Wednesday to propose a sweeping reorganization of financial-market supervision, including remaking the powers of the Federal Reserve, The Wall Street Journal said in a report on their Web site dated Monday.
Data heavy week with PPI and May housing starts on Tue. and CPI Wed. Weekly jobless claims aand leading indicators on Thur.

Obama & Co is just full of powerful stuffs....
Oiiiii............

06.15.2009 pm

Dow: 8612 -187
Nasdaq: 1838 -42
S&P: 924 -22
Oil: $70.17
Gold: $928

Now....who let ALL the dogs out?
Profit taking and commodities and energy retreating, US credit and Citibank and the treasury yield and USD all played their parts today.
We'll see if this plays out accordingly....

06.16.17.2009

Obama's Grand Financial Reform of 2009....Power to the Fed and regulations regulations.
Now who's sweating bullets?!...more details to come.
Banks can't wait to give back the TARP money. JPM MS USB and BBT gave back today. Financials down for a series of downgrades.
 
Dow: 8497
Nasdaq: 1800
S&P: 911
Oil: $71.05
Gold: $936
 
06.18.2009 am

This round ought to be test 2 against the bulls.

What is going to be the catalyst that triggers the selloff? Inflation, interest rate hike, oil, usd, financials, unemployment, foreclosures, ARM resets, and/or the same old de-leveraging that we began with?

Could Citi survive this round or will it take the same path as AIG? Now it is clear that the so called Too Big To Fails are winding down and likely to be dismantled by the newly proposed regulations, with full intention of avoiding another systematic meltdown. The stimulus will be gradually injected into the broader areas of the economy which will soon take its effect, and the not-so-natural process of survivor of the fittest in the marketplace shall begin. It will be different this round without the gov bailouts and interventions, since Obama adm. is running out of his charms and Fed and Treasury will face harsh public criticism. We are in the eye of the storm.

To those who think of a rosy and everlasting recovery, there will be rigorous lessons ahead.

Movie:

The Taking of Pelham 1 2 3: 期望太高结果没那么好看!

06.19.2009

Quad witching Friday without the usual volatility, FDIC Friday took on 3 more and made 40 banks failed so far this year. test 2 is kind of a drag in a calm way. Around this time of the year sun is always a bit too warm and body's feeling a bit lazy, maybe this is a good time for people to unwind. Park in the money market and gone fishing! 

I used to watch bullfights when I lived in Central America:
When the bulls are bleeding they get mad, and that's when they get really dangerous, but then, they die.

06.20.21.2009

From March comes the short squeeze and the green shoots, in April bulls celebrated, in May But to lure traders in and shaked the longs' confidence, in June we saw and are seeing trading range and volume narrower and lower and in doubt, in July we'll see bulls bleed and bears turn more upbeat, in August everyone will be confused and likely to lose on both longs and shorts, In September people call it quit in despair and from October on, people will be jumping off the buildings. By the year-end Obama's popularity drops and Congress telling him: NO WE CAN'T! and Geithner might step down and of course Citi no more. Now, throw in T bonds and USD and oil and gold and all the geopolitical shit, I am blinded or profoundly confused to say the least.

How's that before turning 40?.....fuck me~

Dow: 8212 +44 Nasdaq: 1719 +2 S&P: 878 +5 Oil: $52.80 Gold: $888.20

05.02.2009

Annual meeting for BRK, Buffett noted current Gov bailouts likely to be paid by inflation and undermine dollar, also said: ...the ultimate protection again inflation is "your own earning power." he also sees housing market stablizing at much lower prices, "We see something close to stability at these much-reduced prices in the medium to lower part of the market." In California, medium and lower priced homes -- under $750,000 -- have been selling more, although there hasn't been a bounce back in sale prices, Buffett explained. 

05.03.04.2009   Second week of JF.

8.45am short. 

10am short.

12.30pm short. 

1pm short. 

1.30pm short.

2.30pm short.

Dow: 8427 +214

Nasdaq: 1764 +44

S&P: 907 +30

Oil: $54.55

Gold: $902

Strong rally on financials and bullish outlook for the economy. it's expensive sometimes to be a contrarian.

Shorting continues tomorrow.