Archive for October, 2008
‘29 revisited
This is a chart of the ‘29 crash, which thus far looks remarkably similar to charts from ‘08.
One of the things that many people seem to be expecting is that we’ll hammer out a low over the course of the coming days and weeks and then embark on a large bear market rally.
Looking at this [...]
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volcker
Excellent interview with Paul Volcker on the Chairle Rose program. It’s close to an hour, but well worth watching.
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good sense
Excellent interview with Paul Krugman talking sense.
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fail!
This is a chart of GM that goes back to 1968. GM’s stock price has not been this low since 1950.
Let GM go bankrupt. Carve it up and sell it off. It is a failure. Let’s just accept that and move on.
Sadly, I can already hear the cries for yet another bailout.
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nikkei
Since it’s possible that we might have started to form an intermediate-term bottom in stock market today, I thought it would be good to post this 18-year chart of the Nikkei 225, Japan’s leading index.
Breathtaking. From 27,800 to 7,960 in 18 years.
I think it is important to note that it was a real estate bubble, [...]
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global market crash
This is a daily chart of the E-Mini S&P 500 December futures contract for ‘08. I think it speaks for itself.
The futures are down 3.5% overnight as I write this. Russia’s stock market had to close shortly after it opened. The Nikkei lost nearly 9%. The Indonesian stock market had to close after being down [...]
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chucklehead alert
Source: Bloomberg.com
Can somebody please explain to me why this guy hasn’t been fired?
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Tags: christopher cox, credit crisis
world’s dumbest sport
I genuinely enjoy watching a boxing now and again. The actual fights are good sport, even if the sport itself is a little less than sporting.
But mixed martial arts is just dumb. If this fight doesn’t prove it, I don’t know what does.
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must see: some sanity
Every thinking person in the US needs to watch this interview with Emma Coleman Jordan.
I WANT THIS WOMAN IN OUR GOVERNMENT!!!
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Tags: Emma Coleman Jordan
