Day: May 18, 2006

Brokedown Palace Revisited

Inspired and reminded by a post from minyanville.com, here’s a republication of my Jerry Garcia memorial posting of August 2005, ten years after the end of a cherished era: Brokedown Palace.

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Final Post of the Morning – Put-Call Ratio

6:05 AM NYC time: Just wanted to point out that the put/call trading volume ratio closed at 1.21 yesterday, the highest in over a year and one of the highest levels in the past seven years and an exact match of the high water mark the week after September 11th, which was an intermediate low.

I say “final post of the morning” because…

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What Does Negative Media Sentiment Look Like?

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NASDAQ: QQQQ): 4:05 AM NYC time, Thursday, May 18th: It doesn’t get any more classic than this. Click for larger image and just go down the list of headlines: Global markets take pounding, Taliban attacks, Hamas armed followers, Police/gang clash, FBI blah, blah, Two dead as storm lashes, Second quake strikes, McCartney faces expensive, Taiwan wants missiles, someone got a divorce, someone else gets the boot, a chimp takes a messy something. You get the picture. This is why you need to…

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CROX and Cubes Comments and Reply

Crocs, Inc. (NASDAQ: CROX) and the Cubes (NASDAQ: QQQQ): 3:12 AM NYC time, Thursday, May 18th: I post these quick comments in their own posting so they don’t get lost in the weeds:

Comment From Mike:
I think I wait for CROX to drift down to its 50 day ma (currently $26.68) before buying. Of course, in this market it would be prudent to make sure it finds some solid support there before taking any sort of long position.

Reply From Chris:

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Article: America the Fearful

May 15, 2006
Op-Ed Columnist
America the Fearful
By BOB HERBERT

In the dark days of the Depression, Franklin Roosevelt counseled Americans to avoid fear. George W. Bush is his polar opposite. The public’s fear is this president’s most potent political asset. Perhaps his only asset.

Mr. Bush wants ordinary Americans to remain in a perpetual state of fear — so terrified, in fact, that they will not object to the steady erosion of their rights and liberties, and will not notice the many ways in which their fear is being manipulated to feed an unconscionable expansion of presidential power.

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Article: D for Debacle

May 15, 2006
Op-Ed Columnist
D for Debacle
By PAUL KRUGMAN

Today is the last day to sign up for Medicare Part D, the prescription drug benefit. It appears that millions of Americans, confused by the array of competing plans or simply unaware of the cutoff date, will miss the deadline. This will leave them without drug coverage for the rest of the year, and subject to financial penalties for the rest of their lives.

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Cubes Update – Volume Signals

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The Cubes (NASDAQ: QQQQ): Just a quick post to note today’s distress, as numerous metrics, most notably total volume, which was the second highest ever for the Cubes. See continuation of this posting for more.

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