Doin' It Bloggystyle: Fear, Google and a Sentimental Journey
Minyanville brings together the best of what they are saying "out there" about the topics we're talking about right here.
Blogs themselves need no introduction, as they get as much publicity as pretty much anything these days, save maybe the latest Britney news. There's an expanding world of excellent financial blogs, covering just about everything, from global economics to swing trading. Minyanville's goal is to bring together the best of what they are saying "out there" about the topics we're talking about right here.
Some links around the blogworld as we wonder why this man asked for change of $1 million when he could have requested 1 BILLION DOLLARS! (Hat Tip Nick Perry). Weekday at Bernie's.
- Some volatility developments that may be encouraging to the market, via Prof. Bernie Schaeffer.
- Specifically, a dip below the 32 week MA. It happened in August 2006 and the market shot up,. Will history repeat?
- "I believe the VIX close below this trendline last week could have very similar implications to that of August 2006, which in hindsight signaled an "all clear" for stocks during the final months of that year. I'd like to see additional VIX weekly closes below the 32-week to accentuate the contrast to the period following the March 2007 bottom when the VIX pullbacks following the spike in February and March did not penetrate below the 32-week moving average which signaled trouble ahead. "
- And there's more: "...the VIX generated a signal last Friday when it dropped by less than 10% (specifically, 8.3%) while the SPX rose by more than 0.85% (it gained 0.96% during the session). This phenomenon – with the SPX rallying more than 0.85% while the VIX drops less than 10% - has had historically bullish implications dating back to 1990. Specifically, after 20 days the market is higher 69% of the time; the average gain in the SPX over this period is 1.65%."
Fear of No Fear
- ISEE shoots over 200, as per Jordan Kahn.
- Divergence anyone? Some laggage in Dr. Brett's Cummulative Adjusted TICK.
- Best relative strength in the Nazz since 1999, via BZB Trader.
Google Google Google Google
- Market cap of $188 billion now, GigaOm on what that can buy you.
- And today's news? "The Internet search giant is expected to introduce a service on Tuesday to allow Web sites in its ad network to embed relevant videos from some YouTube content creators...The service, which represents the first major combination of a Google product with YouTube, will give video creators wide distribution beyond YouTube via Google's network, known as AdSense. Since the videos will be surrounded by ads, the service is another way for Google to cash in on the huge number of video clips stored on YouTube."
- So yes, if you are a retailer marketing, say, skateboards for cats, you can now incorporate some teens video of his cat on the halfpipe.
- Chris Perruna with the short term trader perspective.
- It's about that time of year again for some navel gazing on the Ticker Sense sentiment poll.
- Fallond checks out the responses and grades the bloggers on accuracy.
- Roger has some thoughts as well.
- Full disclosure, I do participate, though really should not. I literally give it no thought and respond "neutral" each week. Which in a sense really is my market opinion. I don't have an opinion out 30-90 days.
- I am a short term trader. Shorter term my opinion would always be that the "present trend continues", which would be bullish right here right now. Way longer term, I suspect the many issues pushed aside in the current euphoria will crop up again. But again, I trade for a living, that should have zero bearing on my daily thinking.
- So hear the one about the 25 year old beauty advertising for a rich husband on Craig's List? I'll run this story through Howard's site, since he has now become part of the story, lol.
- She posts: "Okay, I'm tired of beating around the bush. I'm a beautiful (spectacularly beautiful) 25 year old girl. I'm articulate and classy.I'm not from New York . I'm looking to get married to a guy who makes at least half a million a year. I know how that sounds, but keep in mind that a million a year is middle class in New York City, so I don't think I'm overreaching at all. "
- To which someone anonymously responds: "Your offer, from the prospective of a guy like me, is plain and simple a crappy business deal. Here's why. Cutting through all the B.S., what you suggest is a simple trade: you bring your looks to the party and I bring my money. Fine, simple. But here's the rub, your looks will fade and my money will likely continue into perpetuity…in fact, it is very likely that my income increases but it is an absolute certainty that you won't be getting any more beautiful! ......So, in economic terms you are a depreciating asset and I am an earning asset. Not only are you a depreciating asset, your depreciation accelerates! Let me explain, you're 25 now and will likely stay pretty hot for the next 5 years, but less so each year. Then the fade begins in earnest. By 35 stick a fork in you! "
- So where does Howard get involved? He links to the exchange and kids that he was the respondent, and according to the New York Times, "The traffic the posting drew was serious, though. Mr. Lindzon usually gets about 3,000 daily visitors, but popularity-rating sites digg.com and reddit.com linked to the item, drawing more than 100,000 visitors and crashing his server."
- Is it all a hoax? No one knows.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap Newsletter