Tuesday, November 23, 2010

The Scam of the Deficit Crisis

Our Office Thanksgiving Day Card This Year


Posted at 10:22 AM | Permalink

Workaholism: Its Killing Our Most Shortsighted members of society

  Work-a-holism: For people who fail to understand mortality

Posted at 10:01 AM | Permalink

Monday, November 22, 2010

Israeli airport security

For all of you weary travellers, sick of the increasingly intrusive
security measures we are forced to adopt, consider a new Israeli idea; The Israelis are developing an airport security device that eliminates
the privacy concerns that come with full-body scanners at the airports. They see this as a win-win for everyone, with none of this nonsense
about racial profiling. It's a booth you can step into and out of and
takes only a few seconds,It will not X-ray you, but will detonate any
explosive device you may have on you.It also would eliminate the costs
of a long and expensive trial.

Justice would be swift.

Case closed!

You're in the airport terminal and you hear a muffled explosion. Shortly
thereafter an announcement comes over the PA system.

"Attention standby passengers - we now have a seat available on flight
number XXXX.

Posted at 02:56 PM | Permalink

Sunday, November 21, 2010


Keep in mind, this is a weighted evidence approach -- its not a pure science.
The goal is to make the highest probability calls using the best data we can while ignoring the noise

Of course, there is some subjectivity to this -- but you can do your best to insulate yourself from that.

Here are all the Contrary Indicators and the Psychology/Sentiment work.

•January 2000 Sell, October 2002 Buy calls were not picked up by any media)

• Contrary Indicators 2000 – 2003 Bear (Published August 2003)

Maxim Strategist Ritholtz, Sees Tax-Incentives Sunset, Picking Up Semiconductors 

TheStreet.com, Jan 2006
(An early look at fair value of the Dow, and what could happen if we break $10k) 

Barron's August 2007
(Long in 2007, Ritholtz wants to live in a cave the next few years hoarding gold)

Dow Jones January 2008

Be that as it may, kudos are still in order for a strategist who hit the bull's eye in 2007. Barry Ritholtz came eerily close to guessing the year-end S&P 500, Dow Jones Industrial Average and 10-year Treasury note's yield on the nose at 1475, 13250 and 3.975%, respectively, and also managed to pick the best-performing large stock of the year, Mosaic Co. (MOS), which rose 336% . . ."

• August 2008: Sucker’s Rally Alert: Dow Going Below 10,000 (Aug 12, 2008) 

• 10 Bullish Charts, Signals, Indicators: (October 10th, 2008)  specific data and charts that can provide some insight as to how extreme these present levels are. All these suggest to us that we are increasingly close to a bottom that can be purchased for an upside trade of 20-30% from these levels.

• March 9th 2009: “Big Bear Market Rally Coming,” Says Noted Bear Barry Ritholtz (recorded March 9th webcast Mar 10, 2009 08:35am) 

The Cover your shorts and go long call the day before the market bottomed in March 2009
Freakonomics, March 9th 2009

Dow Jones Market Talk, October 27, 2009  
Many market observers predict tops and bottoms,  but few successfully get their timing right. Jeremy Grantham and Barry Ritholtz sit in the latter category,  so when they offer their forecasts,  investors would be wise to take note.

We recommended staying bullish the rest of the year

In May 2010, we moved to 100% cash -- the day before the 1000 point flash crash  
Business Insider, May 6, 2010  

Business Insider, May 7, 2010 
We told you earlier in the day yesterday, that blogger and money manager had gone 100% into cash based on technicals and market internals.Well, let this only add to his market-timing legend

Posted at 12:27 PM | Permalink

Bad day at Hallmark

 Ever wondered what happens when Hallmark writers are having a bad day........   



My tire was thumping. 
I thought it was flat 

When I looked at the tire... 

I noticed your cat. 




 Heard your wife left you, 
How upset you must be. 

But don't fret about it... 

She moved in with me. 



  Looking back over the years 

that we've been together, 

I can't help but wonder.. 

'What the hell was I thinking?' 



  Congratulations on your wedding day! 

Too bad no one likes your husband. 



  How could two people as beautiful as you 

Have such an ugly baby? 



  I've always wanted to have 
someone to hold, 

someone to love. 

After having met you .. 

I've changed my mind. 


-------------------------------------- ---------------------------------------------------------- 

  I must admit, you brought Religion into my life. 

I never believed in Hell until I met you. 



  As the days go by, I think of how lucky I am.. 

That you're not here to ruin it for me. 



  Congratulations on your promotion. 
Before you go... 

Would you like to take this knife out of my back? 

You'll probably need it again. 



  Happy Birthday, Uncle Dad! 

(Available only in Tennessee , Kentucky & West Virginia ) 



  Happy birthday! You look great for your age. 

Almost Lifelike! 



  When we were together, 
you always said you'd die for me. 

Now that we've broken up, 

I think it's time you kept your promise. 



  We have been friends for a very long time . 

let's say we stop? 



  I'm so miserable without you 

it's almost like you're here. 



  Congratulations on your new bundle of joy. 

Did you ever find out who the father was? 



  Your friends and I wanted to do 

something special for your birthday. 

So we're having you put to sleep. 



So your daughter's a hooker, 
and it spoiled your day. 

Look at the bright side, 

it's really good pay

Posted at 12:20 PM | Permalink

Gilded Rage

Saturday, November 20, 2010


John did the cartoons for Bailout Nation -- he does not hold back:


Posted at 11:03 AM | Permalink


John did the cartoons for Bailout Nation -- he does not hold back:


Posted at 11:03 AM | Permalink

climate change

Posted at 10:53 AM | Permalink