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2013 LX 570 2016 LS 460
In contrast, it is hot here, and will reach 80 degrees here today. I just turned on the air conditioning... in the middle of December. Seems strange.
TM
The speculator class behind these fluctuations are the pirates of the new century.
More 21st century pirates
I still can't complain too much as it was 60 degrees on Friday and I played golf.
2013 LX 570 2016 LS 460
2014 Malibu 2LT, 2015 Cruze 2LT,
Go Chargers! Hell... we have no fooball team in Los Angeles.
TM
2013 LX 570 2016 LS 460
A friend of mine who recently moved to suburban Atlanta called me this morning to tell me it was snowing there.
Sometimes rain is worse than snow. Before our miniblizzard arrived, it poured for two days while it was 35 degrees. Yuck. Now everything is frozen.
You have to love the weather here in the midwest. On Veterans day it was 70 degrees out and I was fishing with my daughter and FIL on the pond we live on. Now I probably can walk across it, it's been froze over for a week or two.
I guess on the plus side we might be doing some early ice skating this year.
I did. According to sources I know most large trades are made at 5-10 cents per dollar.
From Wikepedia:
To minimize credit risk to the exchange, traders must post a margin or a performance bond, typically 5%-15% of the contract's value.
Didn't realize this but Mark Madoff killed himself with only his 2 year old son in the house and on his father's arrest date. How can you possibly commit suicide and leave your 2 year old all alone?? And did he likely dit it on his father's arrest date as a message to him.
http://www.nytimes.com/2010/12/12/business/12madoff.html?_r=1&ref=todayspaper
http://www.nytimes.com/2010/12/12/business/12advantage.html?ref=todayspaper
Not so with derivatives. For many, there is no central exchange, like the New York Stock Exchange or Nasdaq, where the prices of derivatives are listed. Instead, when a company or an investor wants to buy a derivative contract for, say, oil or wheat or securitized mortgages, an order is placed with a trader at a bank. The trader matches that order with someone selling the same type of derivative.
Banks explain that many derivatives trades have to work this way because they are often customized, unlike shares of stock. One share of Google is the same as any other. But the terms of an oil derivatives contract can vary greatly.
And the profits on most derivatives are masked. In most cases, buyers are told only what they have to pay for the derivative contract, say $25 million. That amount is more than the seller gets, but how much more — $5,000, $25,000 or $50,000 more — is unknown. That’s because the seller also is told only the amount he will receive. The difference between the two is the bank’s fee and profit. So, the bigger the difference, the better for the bank — and the worse for the customers.
An area of banking I was completely in the dark about. Thanks for the article.
2013 LX 570 2016 LS 460
There has been more corruption and manipulation in commodity trading and this derivative stuff than anyone can possibly imagine. What I try to do when I trade commodities is to think how the manipulators will react to certain situations and then take appropriate action. The manipulation the past couple years has actually increased in my opinion and it has made it more difficult to make a profitable trade.
On the weather front, it was wicked Saturday night across most of the state of IA and especially up in MN. Here in Des Moines, it was not that big of a deal. We got a couple inches of snow but visibility was very low (near zero at times (Saturday night) due to winds gusting to over 50 and sometimes reaching 60 mph. To the north and west of central IA, it was a different world. Roads were closed since they had to pull all the snow plows off the roads because there was zero visibility. Northern IA and MN picked up between 9 and 22 inches of snow. As you all heard by now, the Metrodome roof collapsed due to the weight of the snow.
Len,
What excuse are the Patriot haters going to use this year for the Pats amazing success? A few years ago, it was spy-gate if you remember. Their winning percentage has actually improved, if anything, since early 2007 when the spy-gate stuff was brought forth. I have said it before and I will say it again. When it is all said and done, Bill Belichick and Tom Brady will be known as the greatest coach and best QB of all time.
I think they are up against Joe Montana and Bill Walsh. Cannot leave out Chuck Noll and Terry Bradshaw. Only time will tell. Will NE beat the Steelers in the playoffs? I am sort of cheering for the Chargers. Though I lost most of my interest in Football when Joe Montana retired. I don't even have a TV hooked up to cable anymore.
That was a dry powdery snow (which is light in weight) so how could it have brought down that roof? In fact I'd have thought that most of the snow would have blown off the roof due to strong winds. Blizzards around here leave rooftops with little or no snow. I've heard that they used fire hoses in an arrempt to melt the snow on the roof but I d'ont know if that's true. if they did that at the temps that were in place they'd be crazy. But there seemed to be a lot of ice in that collapse and that would have required water to be added to whatever snow was up there. I wonder if this is an operational screw up much more so than a snow issue.
Brady is the best I ever saw and this from a Giant fan that also likes the Jets though I hate the inept and immature management.
Did you see that trip that the Jets conditioning coach threw yesterday. Sickening and as low as it gets in sports, Luckily the Dolphin player wasn't hurt but he almost was. Blatantly stupid and immature and he should be fired. That arises from the behavior of the coach and almost everyone in NY is tired of his swagger and bragging. It has gotten old very fast.
That was a very cheap shot and firing the coach would be best for the game. It is so easy to get hurt in Football without someone on the sidelines contributing.
Paying down that piper is easy - write it off like everyone else has.
I think this is actually the fourth time that the roof has collapsed in this manner.
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The fact that our dollars are actually Federal Reserve Notes, make them shaky as well. In light of the push by people like Ron Paul. What would be the outcome if by some miracle of legislation the Fed is disbanded? Would not our dollars just become paper with no backing? At that point it would be the other statement on the note, "In God We Trust".
Fiat currency by definition is kind of a masquerade. The dollar is shaky, but so are all of its peers.
Could be... but certainly not yet. It's statistically pretty clear that Dan Marino is the best quarterback of all time. No doubt about this. Yes, Brady is well on his way, but it hasn't happened yet.
TM
heh...the only cars that appreciate faster than inflation and maintenance costs are ones way beyond my price range. However, some collectible items have been holding steady...I don't regret my collection of vintage toys, auction prices keep rising.
This is why I said "when it is all said and done". I am of the opinion, that the Patriots are unstoppable now. In fact, they are improving (especially the defense) by the week. So, to answer your question, the Patriots will beat whatever team they meet in the playoffs.
Well, believe it or not Len, that was not a dry, powdery snow in Minneapolis. The surface low was to their south and there was a lot of moist air coming in from the northeast in the lower levels and that actually made the snow quite wet. Temperatures during Saturday were in the 20s in Minneapolis when the snow was falling at its greatest intensity. Additionally, the north to northeast winds during Saturday at Minneapolis were only blowing at about 20-30 mph. It was later Saturday night that the winds shifted to the northwest and became considerably stronger. The snow ended at Minneapolis by about 8:00 PM Saturday evening. Now, if you are talking about western IA, eastern NE, and SD, that was the dry powdery type snow that was blowing around like crazy with Northwest winds over 60 mph at times and temperatures in the single digits.
Regards,
OW
Regards,
OW
Regards,
OW
Big IF.
Go Big Blue!
Regards,
OW
Regards,
OW
Personally, I remain quite optimist that the U.S. economy will continue to slowly grow as all the "Joe Blows" out there will continue the recent upswing in spending. All the average U.S. consumer needed to hear was a bit of good news (they have been getting it the past few months) to start spending once again. One feeds on the other. As the economy shows signs of life, the consumer spends. This in turn helps the economy to continue to grow. Very slowly the job front will also improve.
I continue to think that by sometime next year, the Dow will reach at least 13,000. I believe TM was taking predictions a week or so ago on what the Dow will be on July 4, 2011. OK, my fearless "forecast" (not weather) is for the Dow to be at 12,775 on that great day.
I am thankful my 46 years in the workforce is behind me.
Winnebago Industries just reported revenue increased 53% vs last year. People are looking to spend money again.
My wife and I will be hitting the winter boat shows in a few months with checkbook in hand. It's time to upgrade.
I'm concerned about jobs and housing. The housing and construction industry still seems to be slow, but deflation is a hard spiral to break. Maybe interest rates rising will get people to stop waiting for lower rates and lower prices.
Granted we still have potholes to avoid, but I don't buy all of the doom and gloom. For my wife and I, I'm 99% confident 2011 will be a great year for us anyway.
10% upside on the Dow next year would be great, so around 13K would be my prediction as well.
I fell in love with a lake and private subdivision in Indiana. Christmas lake has affordable homes and I could picture my wife and I out on a nice pontoon boat all summer. Me fishing and her reading her books. It would be close enough for my daughter and family to spend weekends. Then maybe an RV to wander the warmer winter climates. Yes life is good.
Absolutely and it's just not boomers. We keep our travel trailer along with our boat at a lakeside seasonal campsite in southern Illinois. My wife and I are 39 and 40 and we are not youngest by far that enjoy camping and boating and boating on the weekends. The best part is no internet access and barely any cell phone coverage. The kids actually have to play.
You don't have to spend big money on a boat or camper (think used) to enjoy quality time with your family. My daughter's just commented the other day that they can't wait to go to the lake for some swimming, skiing, and s'mores:).
I've heard of Christmas Lake, from what I know, it's a nice area.
Don't assume it's sold. I made a few trips looking at property in the Monticello, IN area with my inlaws. They were looking for properties on lake Freeman and several were not going to be relisted for the winter. In the spring, you may find it listed again.
There are several nice lake communities throughout Indiana, I'm sure you'll find something you'll like and the prices will be extremely low compared to what you're used to in California.