Friday, January 15, 2016

Panic on Friday Night? I Think Not!

Hello all!

Hoping 2016 is going well for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 long time readers. And well for all. 2015 sucked royal, and I am glad to see it go. I got my dream job, but on almost cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 same day my Mocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r in Law (who has lived with us for 8 years) was diagnosed with terminal kidney cancer. This was last June. Things went spectacularly bad fast and I wish cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re was some way to console my wife. Mocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r in Law passed away in November. Things are still not that "normal" around here. Maybe cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y will never be.

Still, you have to keep going. So we do. I do.

Panic? Already?
I cut my teeth in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 professional world in 1998. In finance during cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 cauldron of 2000. I have seen some stuff over cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 years, I am sure you have to. I don't follow cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 markets all that close anymore, but it's cracking me up how in a panic everyone is over this "correction" that may well wind up being anocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r blip with a V-shaped recovery in like 3 days as it's been for a long time. If you traded and survived cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 summer of 2011, this is baby wipes. What a bunch of pussies cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Wall Street type are, geezus.

I mean, look at this:

Where are cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 old school Minyanville writer when you need cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365m most? A guy like "Mr. Practical", Kevin Depew, and Todd Harrison would do magic on this kind of thing. Sadly cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y moved on. I can't speak for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365m but I quit this stuff around cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 same time too. Coincidence? Smart, rooted, and thoughtful people have no place in this market.

Random Thoughts
- so... a 0.125-0.25% raise in a zero rate world has caused all this market mess? OK.
- cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 FED knows all when it's helping, but nothing if anything goes wrong. Got it.
- Todd Harrison wrote long ago that cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Internet is THE most deflationary invention of all time. I agree 100%. I cannot understand why nobody else seems to be able to grasp what this means for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 big picture. I don't get it.
- I asked in maybe one of my first 4 blog posts that IF cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 1999 spending bonanza crazy times was cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 US economy at 2X what it could do, and 1X was normal, why is cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 FED always trying to get back to 2X? Nobody in a decade has tried a response. Not even Cullen Roche. Certainly not Conor Sen. The answer to this question is really important.
- My beloved Patriots are going to lose tomorrow to a healthier, better team at this point. I am ok with that for some reason I don't understand.

Ya SUSPECT!
Look it's not my job or hobby any more to try and enlighten you all. Enlightenment comes from within or some shit like that. Allow me to say something about US auto sales and specifically cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 so called "average car age" stat:

There is NO WAY cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 average age of US autos is 11 years. For cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 life of me I could not find out how this is even calculated. I am going to guess that old beaters (any left after cash for clunkers???) get re-registered by cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 real low end of our society. Instead of viewed as a poor indicator (wow cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 lower income bracket cannot make way into anocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r bracket and hold on to old cars) it's looked at like pent up demand. Look around you, how many 11 year old cars you see on cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 road? In your company parking lot or garage?

This stat is FAKE.

Add in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 wild channel stuffing (hat tip to cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 ZeroHedge folks, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y are right more than wrong) and crazy loan terms (I bought my Camaro for cash, but cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y offered me a 72 month payment plan? Asked my wife is she would co-sign for car? My wife was like "He will just pay cash, thanks") car sales are high. It's fake.

Lot of fake out cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re, but cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 game will go on. You know it will.

If you want a basic on where we are, Kevin Depew's seminal essay is cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 best thing I have ever read:
The Crisis of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Real by Kevin Depew

Panic on Friday Night? I Think Not!
We don't panic, we rock and roll on Friday night!

For cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Wall Street folks who might be down 10%, "Somebody Save Me" by Cinderella. Live in Philly 1991:


Instead of watching "Queen Bee" gyrating on stage like she has a muscle twitch disease and pretending she is all that, watch a real performer doing her thing. Pat Benatar live with "Shadows of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Night":


I am turning 40 this year, so maybe it's that, but when I really got what Don Henley's "Boys of Summer" was about, I cry every time I hear it. Hint; it's not about a girl:

Sad but pretty.

On a lighter note, Men at Work and "Land Down Under":


Close cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 show!

Tito Y Tarantula and "After Dark":


Have a good night.