Crocs, Inc. (NASDAQ: CROX): 2:12 PM NYC time: Just a quick post to note the relative strength exhibited by CROX today. You can see this on the chart above, which compares CROX to the Cubes (NASDAQ: QQQQ) over the past four hours (5-minute candlesticks). As per my most recent CROX and Cubes postings, CROX is back to support at its moving averages, which should represent a good entry point in and of themselves, subject to overall market performance, which dominates, especially when…
The White House’s new spokesman, his first time in front of the press corps, was asked repeatedly about reports that the government has collected records on millions of Americans’ phone calls. His response: “I don’t want to hug the tarbaby of trying to comment on the program, the alleged program, the existence of which I can neither confirm nor deny.”
Maybe not a lot of new information in here, but the writing is pretty clear and the author makes some good points related to confirmation bias and disconfirmation bias, which are two of the most important principals on display everyday wherever people interact, such as in the markets. Cheers!
“The cops care more about religion than the law.”
THE ENCLAVE: PART TWO
Where Few Dare to Disobey
Members of a polygamist sect endure abuses, or risk losing everything.
By David Kelly and Gary Cohn
Times Staff Writers
May 13, 2006
To his followers, Warren Jeffs is a teacher and spiritual leader who channels divine revelations — the man they call their prophet.
To the FBI, Jeffs is an accused rapist and fugitive on its 10 Most Wanted list with a $100,000 bounty on his head — a man it calls armed and dangerous.
Being forced to do it:
From Reuters, May 17th:
Bush Reverses Stand on Spy Program Oversight
WASHINGTON (May 17) – The White House, in an abrupt reversal, has agreed to let the full Senate and House of Representatives intelligence committees review President George W. Bush’s domestic spying program, lawmakers said on Tuesday.
May 14, 2006
Will the Real Traitors Please Stand Up?
By FRANK RICH
WHEN America panics, it goes hunting for scapegoats. But from Salem onward, we’ve more often than not ended up pillorying the innocent. Abe Rosenthal, the legendary Times editor who died last week, and his publisher, Arthur Ochs Sulzberger, were denounced as treasonous in 1971 when they defied the Nixon administration to publish the Pentagon Papers, the secret government history of the Vietnam War. Today we know who the real traitors were: the officials who squandered American blood and treasure on an ill-considered war and then tried to cover up their lies and mistakes. It was precisely those lies and mistakes, of course, that were laid bare by the thousands of pages of classified Pentagon documents leaked to both The Times and The Washington Post.