Bill Cara’s Blog for Jan 17, 2012

CTA Trading Desk Morning Report

[8:30am ET] Good morning, Geoff here.

From my notes on January 13th – “It is clear to me that things are still fragile. The economies of the world are not falling off a cliff, yet there are continued risks that need to be addressed, and will be addressed by Central Banks. Intermediate term Quantitative Easing will continue on a global scale regardless of the short term, imo. Maybe that is what the stock market has been sniffing out – enough liquidity being injected into the system to make buying the dips a profitable strategy. We have seen numerous days recently when stocks had a catalyst to fall, but did not. When that happens, it can mean that the rally has legs and stocks will simply get more overbought. That makes sense until you look at the huge drop in short interest which has fueled much of this rally. So, in the short term, I think that stocks need a breather and caution is warranted, but in the longer term stocks will move higher due to the QE to eventually come. We continue to be long with hedges in place.”

This morning, two main headlines read:

“Euro Zone Inflation Dips, Opens Door to ECB Cut”.

“China Policy Easing Ahead As Growth Hits 2-year Low” – but China’s economy expanded more than expected.

The market likes these headlines and it looks like the S&P 500 will break-out above the October high. Unless this breakout fails today or tomorrow, our hedges will be lifted at a small loss and we shall see if the market can run higher from here. I am not extremely comfortable in removing the hedges because I have been looking for a short term top and subsequent lower prices to add to stocks but because we are net long we will enjoy the move. I would not be surprised if this move turns out to be a head fake, sucking in new buyers only to disappoint them within a week, but we will stick to our trading plan with prices being our guide moving forward.

And news that is being ignored; Fitch is saying that Greece will default by the time its March 20th bond payment is due. That doesn’t sound good, but I guess it is priced in already.

As I write this, gold is up over $30, exceeding the $1660 level and it looks like our call for a bottom on December 29th is proving to be the correct call. However, should this stock market rally fail in the next few days, you will have the opportunity to buy gold at lower prices also.

Remember; plan the trade and trade the plan.

Have a great trading day!


Here are the 7:00am ET snapshots of the latest equity market trading results for Europe, and futures prices plus 5-minute charts of the futures for S&P 500, 30-year US Treasury Bond, US Dollar index, Gold and Crude Oil.

Symbol Name Last Trade Change Related Info
^ATX ATX 1,956.00 4:57AM EST Up 34.00 (1.77%) Components, Chart, More
^BFX BEL-20 2,152.64 6:55AM EST Up 23.34 (1.10%) Components, Chart, More
^FCHI CAC 40 3,264.89 6:55AM EST Up 39.89 (1.24%) Components, Chart, More
^GDAXI DAX 6,329.58 6:37AM EST Up 109.57 (1.76%) Components, Chart, More
^AEX AEX General 316.78 6:36AM EST Up 3.55 (1.13%) Components, Chart, More
^OSEAX OSE All Share 454.24 6:36AM EST Up 3.60 (0.80%) Components, Chart, More
^OMXSPI Stockholm General 320.77 6:20AM EST Up 3.10 (0.98%) Components, Chart, More
^SSMI Swiss Market 6,059.83 6:20AM EST Up 28.59 (0.47%) Components, Chart, More
^FTSE FTSE 100 5,699.24 6:37AM EST Up 41.80 (0.74%) Components, Chart, More
FPXAA.PR PX Index 904.50 6:54AM EST Up 9.00 (1.01%) Chart, More
ESI500000000.MA IGBM 853.10 6:15AM EST Up 7.55 (0.89%) Components, Chart, More
MICEXINDEXCF.ME MICEX Index 1,483.76 7:55AM EST Up 17.85 (1.22%) Chart, More
GD.AT Athex Composite Share Price Index 658.96 6:20AM EST Up 9.41 (1.45%) Chart, More

http://finviz.com/futures.ashx

http://finviz.com/fut_chart.ashx?p=m5&t=ES

http://finviz.com/fut_chart.ashx?p=m5&t=ZB

http://finviz.com/fut_chart.ashx?p=m5&t=DX

http://finviz.com/fut_chart.ashx?p=m5&t=GC

http://finviz.com/fut_chart.ashx?p=m5&t=SI

http://finviz.com/fut_chart.ashx?p=m5&t=CL

The team will check in during the day, reporting in the Discourse when there is a new entry.

Enjoy your day.


Cara on Trends & Cycles


Vad’s Catch of the Day


Kaimu’s Sound Money


John’s Between the Lines

Sunday night I was watching Oprah Winfrey’s interview with NJ Governor Chris Christie. I really like the guy, and many believe he would be an interesting Presidential candidate. Early in the interview I was surprised when Christie said he was approached by numerous people who were trying to get him to run. I was particularly surprised when I heard him say one of those people was Henry Kissinger.

My ears perk up whenever I hear something about Kissinger.

There has been a lot of debate over the years about conspiracy networks. Do I know for sure that a conspiracy network such as the “Bilderberg Group” exists? No. But, over the years there has been a lot of growing evidence that may show that they do.

The reason I brought up Mr. Kissinger is many have claimed that he is the front man for this elite group called Bilderberg. There are many stories that claim that the Bilderberg Group has the power to pick, and often own the candidates from both parties. So, when Christie said that Kissinger contacted him, I made a mental note.

Bilderberg has been an interest of mine since the mid 1990’s, so I occasionally keep files and links on the subject. There is so much “stuff” (true or not) being reported nowadays that I like to study the accuracy and truth of subjects that may have some investing significance.

Despite all the claims of the power and influence of this group, the US main stream media has made very little effort to report on its meetings, members, guests, and actions.

Being a naturally curious guy (and slightly dyslexic), I ask a lot of questions. So, my questions on this subject and many others are who, what, why, where, when, and how.

This is way out of my area of expertise, so I don’t claim to be an expert. If you know something about this valid subject, please help. Below you’ll find some of the links and files I’ve compiled.

A) Who are the players?

Here’s what Walter Cronkite had to say;

I’m afraid there is [a ruling class in America]. I don’t think it serves democracy well… The ruling class is the rich who really command our industry, our commerce, our finance. And those people are able to so manipulate our democracy that they really control our democracy, I feel.
– Walter Cronkite, from the American Ruling Class (2005)

David Rockefeller:

Source of Wealth & Power: Oil & Banking; David Rockefeller is the only surviving grandchild of oil tycoon Standard Oil founder John D. Rockefeller.

1) Standard Oil of NJ: or Esso – renamed Exxon, now Exxon-Mobil. Standard Trust companies Carter Oil, Imperial Oil (Canada).

2) Standard Oil of New York – or Socony, merged with Vacuum – renamed Mobil, now ExxonMobil.

3) Standard Oil of California – or Socal – renamed Chevron, became ChevronTexaco, now Chevron.

4) Standard Oil of Indiana – or Stanolind, renamed Amoco – now BP.

5) Standard’s Atlantic and the independent company Richfield merged to form Atlantic Richfield or ARCO, now BP. Atlantic operations were spun off and bought by Sunoco.

6) Standard Oil of Kentucky – or Kyso was acquired by Standard Oil of California – now Chevron.

Queen Beatrix of the Netherlands

Source of Wealth & Power: a long term major shareholder in Royal Dutch Shell.

http://royaldutchshellplc.com/2008/06/05/bilderberg-shadow-super-governm…

Members:

2011 meeting attendees:

http://bilderberg2011.com/bilderberg-members/leaked-attendee-list-bilder…

In order to connect the dots, one needs to examine the organizational structure of Bilderberg Group and their sister organizations, the CFR and Trilateral Commission.

Take a look at the chart below. Members past and present are identified by membership as B- Bilderberg, C- CFR, and T- Trilateral Commission:

http://www.northwestgrassroots.com/_downloads/Bilderberg-CFR-Trilateral-…

The chart above shows members of the CFR, and Trilateral Commission. Some are Bilderberg members, and some are not.

Dick Cheney speaking at a CFR meeting, taking a question from David Rockefeller:

http://www.youtube.com/watch?v=BbnpN07J_zg

Henry Kissinger:

At the 1992 Bilderberg meeting, the group discussed the possibility of “conditioning the public to accept the idea of a U.N. army that could, by force, impose its will on the internal affairs of any nation.” At this meeting Kissinger said, “Today, Americans would be outraged if U.N. forces entered Los Angeles to restore order. Tomorrow, they will be grateful.”

B) What are their goals and objectives? A New World Order?

David Rockefeller: “For more than a century ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”- From Rockefeller’s book, Memoirs.

David Rockefeller: Sept. 23, 1994 “This present window of opportunity, during which a truly peaceful and interdependent world order might be built, will not be open for too long — we are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order.

George Herbert Walker Bush: September 11, 1990: “Out of these troubled times, our objective—a new world order—can emerge. Today, that new world is struggling to be born, a world quite different from the one we have known.”

http://www.youtube.com/watch?v=Rc7i0wCFf8g

Bill Clinton: A New World Order?

http://www.youtube.com/watch?v=1etgsNU46s4

Kissinger on Obama’s roll: A New World Order?

http://www.youtube.com/watch?v=SISUIhprOa8&feature=related

Glenn Beck: Reporting on a New World Order?

http://www.youtube.com/watch?v=23tZd1lsRLg

There has been a long list of political candidates that have attended Bilderberg meetings before being voted into office. Here are a few names.

Bill Clinton – Head of State – USA attends Bilderberg meeting, Germany, 1991 – gets Presidential Nomination Aug 1992.

Tony Blair – Head of State – UK attends Bilderberg meeting, Greece, 1993 – becomes party leader July 1994 – becomes Prime Minister May 1997.

Barack Obama and Hillary Clinton attended meeting in 2008 in Chantilly, VA.

Rick Perry admitted that when he attended the Bilderberg meeting in Istanbul Turkey in 2007 he spoke to them about BORDER ISSUES.

C) Why haven’t we heard more about this from the US media?

I’ll let David Rockefeller explain why;

– David Rockefeller, Speaking at the June, 1991 Bilderberg meeting in Baden, Germany

“We are grateful to the Washington Post, the New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years.”

“It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.”

Apparently the US press has an agreement with the Rockefeller/ Bilderberg group not to report any Bilderberg meetings. The Canadian Press however didn’t get the memo;

http://www.canada.com/topics/news/national/story.html?id=358df7bd-7a54-4…

http://www.canada.com/ottawacitizen/news/story.html?id=6ac7a723-323b-497…

D) When and where do they hold their meetings?

May 5-8, 2005- Munich, Germany
June 8-11, 2006- Ottawa, Canada
May 31-June 3- Istanbul, Turkey
June 5-8, 2008- Chantilly, Virginia:

This meeting is one of the more interesting since a lot of evidence was compiled; video & pictures.

For example;

Ron Paul knew about the meeting (video);

http://www.youtube.com/watch?v=plo-1rLZ3Jo&feature=related

The June 2008 Bilderberg meeting took place at the Westfields Marriott just days after Barack Obama beat out Hillary Clinton for the nomination to be the Democratic challenger for President.

http://www.wnd.com/index.php?fa=PAGE.view&pageId=66198\

To try and prove to myself that meetings like this really existed, I called the Westfields Marriott around June 3rd to see if there were any rooms available. Sure enough, they told me the hotel was booked thru June 8th.

News broke that Sen. Dianne Feinstein, D-Calif., was setting a meeting with Obama and Hillary to mend fences. She told Fox News the two candidates met at her house in Washington. Feinstein said she was working upstairs while Clinton and Obama sat by her fireplace. Instead, they apparently took a little detour to the Bilderberg meeting. Obama’s press entourage was not informed of this secret meeting in Northern Virginia until they were locked inside the plane and taxiing down the runway on the way to Chicago.

http://www.liveleak.com/view?i=844_1212755850

The Press was angry (video). Here is press secretary Robert Gibbs trying to cover for Obama;

http://www.youtube.com/watch?v=NIPik872K64

E) How we can use this information to find trading opportunities or reduce risk

I can’t tell you, and won’t tell you in good conscience to trade your investment accounts based on any of the information collected above. The reason is simple. Despite everything I’ve shared above, I have no proof or evidence that anything compiled above can consistently help investors make profitable decisions.

My objective in reporting this information is to try to reveal a few facts, discover a few truths, and keep from getting blindsided by a crisis concocted out of thin air. With all the crazy things happening today with escalating wars, wild swings in oil, rising gold/silver prices, declining currencies, sovereign debt crisis, border issues, and massive debt, there has to be some explanation. For investors, this is a very dangerous time since no one knows when the next crisis will unfold, and who, what, why, where, when, and how it will happen. Maybe the information above can give some answers. Maybe it can’t.

I will tell you there were a few occasions where I bought or sold investments based on information in Bilderberg notes compiled by Jim Tucker and Daniel Estulin that I considered timely, logical, and credible.

Here are a few examples:

Here is an article written by Jim Tucker of the American Free Press in 2006 (Issue #22, May 29, 2006), just prior to the annual Bilderberg meeting in Ottawa, Canada.

http://www.americanfreepress.net/html/bilderberg_to_meet_in_canada.html

In the article above, Tucker referenced the following;

1) 2005 meeting where he learned where “Bilderberg called for dramatic increases in the price of oil. Oil prices started climbing immediately from $40 a barrel to $70.”
2) And “Henry Kissinger and others had gleefully anticipated ultimate prices at $150 a barrel a year ago.”

Oddly, this is exactly what happened.

The Real Estate Collapse:

The most recent example I can give you is Real Estate. I was fortunate enough to sell all my investment real estate just before the collapse.

In 2004, I bought a beach condo (pre-construction) that I intended to keep for 20+ years. I wanted a place the family could gather, etc. After the 2006 Bilderberg meeting in Ottawa, Canada, I read the BBG notes written by Jim Tucker from the American Free Press. Tucker has been a Bilderberg follower since 1975.

In his article entitled; “Big Surprises at Bilderberg” Tucker reported that the Bilderberger’s said the Real estate market was going to crash. When I read a quote from a Bilderberg attendee that said, “Stupid Americans deserve their fate,” I knew I no longer wanted the condo.

http://www.americanfreepress.net/html/big_surprises_at_bilderberg.html

I sold the condo for almost a double in July 2006. Today, units in that same condo complex can be bought for less than what I initially paid.

Did I know for sure the real estate market was going to crash? NO. I decided to sell the condo because of past articles written by Jim Tucker and Daniel Estulin.


CTA Trading Desk Mid-Day Report


CTA Trading Desk Post-Close Report


  1. 8:30 AM ET Empire State Mfg Survey 11:30 AM ET 3-Month... [#103648]
    By: davefairtex (5215 comments) Go to top ↑
    • 8:30 AM ET Empire State Mfg Survey
    • 11:30 AM ET 3-Month Bill Auction
    • 11:30 AM ET 6-Month Bill Auction
  2. 1 in Distribution Zone 3 in Sell alert Accumulation... [#103649]
    By: davefairtex (5215 comments) Go to top ↑
    • 1 in Distribution Zone
    • 3 in Sell alert

    Accumulation Zone: Monthly 6, Weekly 1, Daily 6
    Distribution Zone: Monthly 7, Weekly 8, Daily 15

  3. I realize that most people here discussing previous metals... [#103651]
    By: stev1183 (12 comments) Go to top ↑

    I realize that most people here discussing previous metals follow gold or silver.
    Does anyone here follow rhodium?
    Rhodium is used primarily in catalytic converters along with platinum and palladium.
    Annual world production of rhodium is estimated at about 25 tons.
    In comparison, the world production of gold is about 2,250 tons.
    In the last 200 years, the price of rhodium is rarely below the price of gold.
    In fact based on the charts I have seen, rhodium is generally over 5 times the price of gold, with spikes of 10 to 15 times greater.
    Currently rhodium is $1400/oz, while gold is $1650/oz.
    Rhodium tends to spike up when production falters for whatever reason.
    Considering that over 60% of the world’s production comes from South Africa, is it probable that rhodium at it’s current price is a steal?
    I would like to hear other people’s opinion.

    • A quick look around the web for Rhodium suggests it is a... [#103654]
      By: Les (7233 comments) Go to top ↑

      A quick look around the web for Rhodium suggests it is a very small market. One coin/bar dealer I can readily see. No tradeable charts or ETF’s can I readily find. Nor would I wish to pit myself against the vested interests who control such a niche market. Thus no interest in its discussion. JMO. Cheers

      • Les: I absolutely agree this is a tiny, speculative... [#103661]
        By: stev1183 (12 comments) Go to top ↑

        Les:
        I absolutely agree this is a tiny, speculative market.
        But this is metal that at this point cannot be substituted for another metal in catalytic converters.
        I realize how the prices can be manipulated upwards, but being such a rare essential metal, I’m not sure how it can be manipulated downward AFTER a crash from its recent spike. I believe that is where the price is now.
        Here is a decent rhodium/gold ratio chart I have found.
        http://forums.wallstreetexaminer.com/topic/966155-
        And from what I have found, there is no miner in the world that mines strictly for rhodium.
        I appreciate your reply.
        I do not want to invest in rhodium looking through rose colored glasses, which are probably the color of my glasses now.
        The last time I was speculative, I cashed out my 401k and bought gold 10 years ago. And yes, this was a lucky, probably dumb decision that worked.
        I want to see if I can hit another home run.

  4. Simon Ridgway must be commended for his developing Fortuna... [#103653]
    By: Bill Cara (4105 comments) Go to top ↑

    Simon Ridgway must be commended for his developing Fortuna Silver (NYSE: FSM | TSX: FVI) into such a success.

    • Listed on NYSE in September and included in the S&P/TSX... [#103657]
      By: 4ever (612 comments) Go to top ↑

      Listed on NYSE in September and included in the S&P/TSX Composite Index in December. Not too shabby.

      Bill, do you see this as a possible candidate for “3X in 3″ or “5X in 5″?

      p.s. why is it there are so many successful mining companies HQ’d in Canada, yet operations in Latin America/elsewhere? Why not in US? Favorable FIT?

      • 4ever, Yes, we own FSM in the Junior Precious Metals... [#103662]
        By: Bill Cara (4105 comments) Go to top ↑

        4ever,

        Yes, we own FSM in the Junior Precious Metals portfolios. I also know Simon Ridgway. You might recall that while at the PDAC convention one year I was standing at a reception with Simon when my business card was pulled out of a bowl winning the silver bar from Fortuna. Trust me; it was a big bowl of cards and was not a fix. While talking to Simon my wife asked me for a business card and so she claimed the prize. Pretty funny.

        As to the company, they started in Mexico, like many others, and then made an acquisition in Peru. The company is very conservative, but if acquisition opportunities do come up, I think they would not be constrained to country — if it was Spanish speaking and nearby the other operations. There is potential for what they have to do 3x in 3 or 5x in 5, I think.

        • "While talking to Simon my wife asked me for a business... [#103666]
          By: 4ever (612 comments) Go to top ↑

          “While talking to Simon my wife asked me for a business card and so she claimed the prize. Pretty funny.” — quite coincidental; I’m sure it put a smile on your faces. Thanks for some insight into Fortuna.

  5. ... [#103655]
    By: Bill Cara (4105 comments) Go to top ↑
    • Here is the link to see the documentary called "We Become... [#103670]
      By: Athan (143 comments) Go to top ↑

      Here is the link to see the documentary called “We Become Silent”
      http://topdocumentaryfilms.com/we-become-silent/

    • I have a very intelligent patient with a variety of health... [#103673]
      By: Ron Sen (975 comments) Go to top ↑

      I have a very intelligent patient with a variety of health problems. He is a former educator, and exceptionally well-informed about alternative medicine.

      He largely eschews conventional rx, including treatment for heart disease and cancer (he is in his 80s)…

      He has taken antibiotics for infection, for example.

      But for his heart disease and cancer, he has used (for many years) herbal therapies…which he says in total cost him about 25 dollars a month.

      The alternatives would cost his probably 30 times as much per month.

      I have another physician friend with a relative with severe mental health problems (lifelong). She changed her diet (because he did) to a high protein, low-carb regimen and was dramatically improved in a MONTH.

      I fully realize this is ALL anecdotal stuff, but I don’t turn a blind eye to the possibility that some of MY health beliefs (as a trained Internist, pulmonary-critical care MD) could be wrong or incomplete.

      • Ron, While I do have a base line concern about the extreme... [#103674]
        By: Bill Cara (4105 comments) Go to top ↑

        Ron,

        While I do have a base line concern about the extreme marketing of pharmaceuticals, it is a fact that my own father’s decisions to ignore his physician’s treatment plan for high blood pressure did lead directly to his multiple strokes, the last one of which took his life. I believe that our doctors, while biased toward pharmaceuticals, do know best. I wish my father had held the same beliefs.

        What concerns me most is that Big Pharma is pushing their products on the medically untrained and unsophisticated public. As I see it, these profit-seeking companies have no place in the doctor-patient relationship.

        • Off topic, perhaps. My next door neighbor is a Dr. and I... [#103678]
          By: Jimymac (40 comments) Go to top ↑

          Off topic, perhaps. My next door neighbor is a Dr. and I brought up a neighbor of ours who I recommended she take D3 for her onset MS symptoms two years ago. She thought I was crazy, except that last week she called and told me her Dr. had tested her and they found she way at extreme low levels and had here on 50,000 mg per week. My neighbor Dr., told me he had high blood pressure. He lost 20 lbs, no lowering effect. He changed his diet, no lowering. He tested for D3 and started supplementing and now his blood pressure is in the normal range. Besides northern hemisphere low sun levels, the minimum daily allowance on D3 is pathetically low. You cannot operate at peak efficiency without D3. Easily tested. Do the same diligence as you would on investing.

        • Ron and Bill make cogent points. I look at the issue from... [#103689]
          By: Jeff B (715 comments) Go to top ↑

          Ron and Bill make cogent points.

          I look at the issue from a holistic perspective:

          Too many polarizing opinions from both sides of the drugs. vs. natural medicine camps neglect some basic facts:

          1. natural medicine advocates easily implicate corruption and fraud towards phrama but neglect those same human tendencies in pushers of natural remedies that are also a multi-million dollar business.

          2. if large corporations are willing to push meds that dont really work, then its no leap of faith to believe that large natural medicine producers will push natural meds that dont really work.

          3. research is key: does such and such substance do what is claims it can. thats the simple quesiton, and very often prescription and natural medicines fail to clearly show benefit. Very often the benefit is minor, inconsistent or insufficient to actually cure a given condition.

          4. natural medicine advocates ignore the scores of research that show a lack of efficacy for some of their products, exactly the same behavior that big-phrama has displayed towards many of their drugs. not surprising.

          5. natural does not mean harmless, many natural substances are toxic if processed or taken incorrectly, just as many prescriptions are toxic.

          6. doctors continually preach prevention and lifestyle/diet changes to patients but how often does it fall on deaf ears, thus they opt for the easy pill alternative that doesn’t always work, but what would the alternative be: exercise and stop eating donoughts and if you refuse, we will refuse to give you meds that may at least help? nonsense.

          7. these are all industries playing off people’s emotions, and the natural medicine industry has its share of hucksters and snake oil salesmen as well. The ideal is a doctor who prescribes the right substance natural or phrama according to sound evidence-based practices that have been rigorously tested and considered, free of non-objective interests. a pipe dream? perhaps.

          8. we have to accept that there is nothing on the market that can solve many common conditions be they pharmaceuticals or natural substances. Ive tried everything under the sun for chronic back pain including every natural substance out there and nothing works, period. mild pain relief can be had by some but so can Tylenol. no evidence supports any substance curing back pain, but there is no shortage of snake-oil salesmen pushing cures for this and that based on anecdotal stories of someone’s friend or uncle who was cured by it.

          You know who also offers a cure for everything? religion. why don’t doctors tell patients to hit up church when they are in pain?

          barf!!

          9. part of the paradigm change that will take place in health care is the realization that good evidence is hard to find and that much of what is out there doesn’t simply cure diseases without side effects or high costs.

          lifestyle changes will help, as will collective stop smoking programs, increased air/water quality, coupled with reduction of toxic load via common household and industrial material like lead-based paint and asbestos. but convincing people to drop bad habits is less a medical issue and more a human behavioral issue.

          • double post... [#103691]
            By: Telestar3d (636 comments) Go to top ↑

            double post, sorry

          • Jeff, excellent points. The first thing I want to study... [#103690]
            By: Telestar3d (636 comments) Go to top ↑

            Jeff, excellent points. The first thing I want to study after the maketing from said companies are the double blind study results, who did the study, and the number of participants in the study. If there are no double blind studies to support the claims, I back off.

            Here is one that looks promising on the benefits of Nitric oxide from

            http://www.neogenis.com/articles-research/clinical

            but I still want to read the study. I have nothing to do with this company just something I came across that seems interesting, if true.

          • RE: "but convincing people to drop bad habits is less a... [#103694]
            By: jack black (2306 comments) Go to top ↑

            RE: “but convincing people to drop bad habits is less a medical issue and more a human behavioral issue.”

            Yes, but you have to remember that some of those bad habits were perpetuated by the official medical establishment.

            I’m talking about low fat diet, anti-butter and anti-egg campaigns, food pyramids with mostly sugars and carbs, extensive use of sun blockers, etc.

            Speaking about trials on alternative healing, in the documentary movie: Burzynski, ex-NCI researcher went on to state on camera that NCI routinely sabotaged alternative treatments.

            I’m well aware that some of the alternative treatments are fraud, but so are some conventional treatments. Consider US cardiac cath/stenting procedures that are big money makers for cardiologists, but produce no better outcomes than conservative drug treatments practiced in Europe.

            link on COURAGE trial for naysayers: http://heartdisease.about.com/od/angioplastystents

          • American's and many cultures are simply eating themselves... [#103700]
            By: dberryclan (687 comments) Go to top ↑

            American’s and many cultures are simply eating themselves to death. Fewer fresh foods, tons of processed food, and an enormous appetite for meat products. It does a body bad. Change that and a whole lot changes.

            DB

          • WOW. So much interesting info on so many different topics... [#103702]
            By: bobj (71 comments) Go to top ↑

            WOW. So much interesting info on so many different topics today.

            My family toured Europe a year ago and when in German grocery stores I was taken by the lack of prepared foods. 25% of the store’s aisles weren’t dedicated to junk food/frozen pizzas like in North America. Lot’s of chocolate, but my wife and daughters consider that a food group so it wasn’t considered ‘junk’.

          • Europe, in 2003 I was playing tennis in Europe and Italy in... [#103705]
            By: Telestar3d (636 comments) Go to top ↑

            Europe, in 2003 I was playing tennis in Europe and Italy in the town of Cervia about two hours below Venice. My friend who told me about the ITF tennis schedule over there wanted to take me to this grocery store. What an experience, pigs with heads, baloney three feet around just a completely different and nice experience from America.

            Cervia has not been westernized for sure by the global homogenization of the world. Makes me want to go back there soon and get my tail run off by the European clay court players.

            Tell me why again I sold RIG this morning. Anyway nice memories and stories I could tell from that trip.

          • Denninger wrote about us 'eating ourselves to death'... [#103712]
            By: pulse (324 comments) Go to top ↑

            Denninger wrote about us ‘eating ourselves to death’, touching on many of our topics concerning today’s medications. Never fear, we got a pill for that!

            http://market-ticker.org/akcs-www?post=200670

            The sick-care system is also unable to stand the light of truth, in my opinion. Again, my observation is where are the ‘good men and women’ of this industry as regulatory capture asserts its morbid consequence?

            pulse

          • aloha! my 2 bits: Dr Joel Fuhrman MD. I read his book Eat... [#103699]
            By: westcoaster (1130 comments) Go to top ↑

            aloha!
            my 2 bits: Dr Joel Fuhrman MD. I read his book Eat to Live. This is a scholarly piece that pulls in a lot of research from disinterested bodies such as universities. It reveals many independent dbl blind studies do not corroborate results achieved by those who have a product to sell. Glucosamine sulphate is an example that comes to mind. He documents numerous objective studies performed under academic rigors. His biggest point is that you must focus on eating the right nutrient rich foods. He sells a few supplements to infil what you can’t get as you age, they are very reasonably priced. http://www.drfuhrman.com/ Gentle care, and LDL protect (for high cholesterol).
            I just received his recipe book and hope to get more of the right foods going.
            Telstar, are you near Waikiki? (doubtful i know). thinking tennis
            I;ll throw in a plug for Bikram’s (hot) yoga too. Excruciating but therapeutic. I always feel hugley better afterwards.

          • OT: Westcoaster. Tennis, I play at Diamond Head Tennis... [#103703]
            By: Telestar3d (636 comments) Go to top ↑

            OT: Westcoaster. Tennis, I play at Diamond Head Tennis Center on the backside of Kapiolani Park about 3-4 days a week usually in the middle of the day after mkt closes, but flexible.

            If you are in town and want to play at DHTC let me know. This goes for anyone on this board. BTW, its within walking distance of south Waikiki. Today’s weather looks iffy.

      • "I fully realize this is ALL anecdotal stuff, but I don't... [#103676]
        By: jack black (2306 comments) Go to top ↑

        “I fully realize this is ALL anecdotal stuff, but I don’t turn a blind eye to the possibility that some of MY health beliefs (as a trained Internist, pulmonary-critical care MD) could be wrong or incomplete.”

        Yes, the low fat diet was the biggest, deadliest scam conventional medicine and government ever pulled. Due to their best intentions, I’m sure.

        Lots of people are dying due to diabetes thanks to that. Yet, diabetes can be prevented and/or cured (if early enough) by diet alone. Curiously, conventional medicine knew that way back before insulin was known, but was promptly forgotten. Had to be rediscovered again.

        The way US medicine is practiced, there is a lot of money in treating (symptomatically, mind you) chronic diseases, but huge loss to medical establishment if those diseases were prevented. Food for thought.

        As for overmedicating the population. MDs can bill more for a visit when drugs are prescribed. Besides, those pretty drug reps with those free lunches for docs are quite persuasive.

        • At least in Massachusetts, virtually any "incentives" (free... [#103677]
          By: Ron Sen (975 comments) Go to top ↑

          At least in Massachusetts, virtually any “incentives” (free lunch, pens with logos on them, etc.) are gone.

          There was a time where direct marketing to physician was pretty over the top (trips to Florida for Cardiologists for seminars about thrombolytics an example).

          Also, generic prescribing is largely mandated via copays, so as to make very few patients insist on brand drugs (that cost them a high copay).

          No doubt that there has been a quite incestuous relationship between drug companies and docs, but it’s pretty limited at least here.
          And frankly, you can’t buy much loyalty with two slices of pizza or a pen…at least where I come from :)

          • where I live, drug reps still take MDs to a good restaurant... [#103684]
            By: jack black (2306 comments) Go to top ↑

            where I live, drug reps still take MDs to a good restaurant for a dine and wine and docs take extra food with them to feed the family. The drug reps also keep tabs on how many prescriptions are written for the “good stuff” and confront the docs if they fall short. Not sure if legal, but it’s happening.

      • Ron, I commend you for having an open mind. When I bring up... [#103688]
        By: Telestar3d (636 comments) Go to top ↑

        Ron, I commend you for having an open mind. When I bring up alternative approaches to my doctor, it is like hitting a brick wall. I do not even bring up the subject anymore.

        If you have the time, I would be interested in his herbal therapies for heart disease and cancer or where you/he would go to learn more. TIA

        Stocks of interest:

        WPRT
        SLB
        RIG
        ANR
        WLL

        Long WPRT, SLB, sold RIG during first hour

        • Tele, RIG may fool ya'... locking in long=term contracts as... [#103726]
          By: baz22 (2875 comments) Go to top ↑

          Tele, RIG may fool ya’… locking in long=term contracts as we write.. retro-saftey work for Gulf rigs in completion.. less 2012 downtime ( vs. 2011 ) for additional upgrades ( as this was the main reason for 2011 #’s )… could do a MOS ( quickly jumped from $ 47 to $ 55 in days )..

        • I have always been interested by the placebo effect. The... [#103730]
          By: Athan (143 comments) Go to top ↑

          I have always been interested by the placebo effect. The power of belief in action. The ultimate medicine.

          Half of all German doctors prescribe placebos, new study shows
          The more expensive the placebo, the higher the success rate, the study found, and intravenous injections are shown to be more effective than oral medication.
          http://www.guardian.co.uk/science/2011/mar/06/half

          • The German tactic of prescribing placebos seems like the... [#103732]
            By: davefairtex (5215 comments) Go to top ↑

            The German tactic of prescribing placebos seems like the wrong approach. It relies on the patients to be gullible and effectively to be tricked by their doctor into making themselves better. That doesn’t seem right, mainly because it disempowers the patient – whose belief is actually the source of the cure when using a placebo!

            If we could focus instead on understanding more about the impact that people’s minds (and belief systems) have on their bodies, perhaps we could ultimately harness the power of placebo effect not through trickery, lies and manipulation, but through the deliberate and focused intent of the patient.

            Why do some patients get better with a placebo, and some do not? Is there something about those that improve that we can identify – and perhaps train? Ultimately, if everyone can harness the power of belief that you, yourself have the ability to positively influence the outcome of your case, it really would be a nifty medical multiplier effect. Who doesn’t want a better outcome?

            I think the next step is to figure out what makes it work, and harness it in a more deliberate and scientific way. Imagine; no side effects, no bad interactions, no issues of addiction, no need for approval from the FDA, no deductible, no trips to the pharmacy, no doctor’s prescriptions.

          • That is all true but they are generating some good placebo... [#103733]
            By: Athan (143 comments) Go to top ↑

            That is all true but they are generating some good placebo research for the first time. The placebo results in clinical trials were never really researched or examined very deeply; they were simply tossed out.

            Giving out placebo to patients without their knowledge is unethical in my mind but it is being accepted and researched and that is a good thing. PS Big Pharma prices for placebos are the same as regular medicine.

            Since placebo plays a part in most if not all of alternative medicine this could prove to be the Trojan Horse for Big Pharma… they are researching the healing power of belief… there is some research that suggests placebos work even if you know they are placebos; because you have come to believe placebos work.

          • Athan - I'd love to read about this research you are... [#103734]
            By: davefairtex (5215 comments) Go to top ↑

            Athan -

            I’d love to read about this research you are talking about – do you have any references I could examine?

            You say placebo plays a part in most if not all of alternative medicine. I’d also say it plays a part in non-alternative medicine too. If a person has a strong belief in the efficacy of western medicine, wouldn’t that contribute positively to their outcome? I think it has to. Why else would placebos work?

            Of course placebos were tossed out of clinical trials. It doesn’t help the company’s business case. You can’t patent the patient’s belief system, you can only patent a process to create a chemical.

            Perhaps we can go a step further. If we acknowledge placebo have some ability to heal, what about the inverse – that a belief system has some ability to harm as well? My question is, how much of our own illness comes from our own thinking? Clearly, not broken arms. But cancer? Heart disease?

            I wonder if we really looked, would we find thought-related risk factors for the big chronic diseases? And what would they be?

            Thinking is not easy to change – kind of like taking on a program of exercise to reduce your weight. People are much more likely to simply take a pill, since no change in behavior is required. Perhaps that’s another reason why it is not heavily researched.

            But for those in deep trouble, perhaps they do have sufficient motivation to change thinking, diet, and exercise, if research showed it was quite effective. And of course positive research would help that belief system along…

            I just had another of my epiphanies. Kaimu is always talking about Confidence. Isn’t that just another belief system too? Belief in currency having value, gold having value. When faith in fiat money stops, its called hyperinflation. When overall confidence in the economy wanes, it becomes self-fulfilling and the economy drops. Why else do we watch consumer confidence numbers, the goal being to examine the overall state of the consumer’s thinking. What if our bodies acted the same way – tracking our own beliefs (some form of “confidence”) and having the results show up with some delay in physical form? Could we apply such concepts of confidence research to patients?

            And that ties this neatly back to trading.

          • In Big Pharma medicine they remove the power of belief as... [#103735]
            By: Athan (143 comments) Go to top ↑

            In Big Pharma medicine they remove the power of belief as much as possible. It does not matter whether you believe oxycontin will take your pain away; it will no matter what you think, if does not they give you larger doses. The whole basis for western Big Pharma medicine is for an objective cure without any participation of the patient. Much like taking a car to the mechanic. It works to a certain extent but at what cost.

            Many doctors and nurses and hospitals now include alternative therapies in their programs especially in Europe. The focus on the use of placebos is relatively new.
            Alternative medicine on the other hand includes the patient in the cure, reinforcing the belief the patient is fully capable of self healing. Any herbal medicine or other teas and potions that are used are only intended to help the body heal itself by providing important nutrients and cleansing properties.

            Here are a few articles where the studies are mentioned.

            http://www.wired.com/medtech/drugs/magazine/17-09/

            http://www.wrf.org/alternative-therapies/power-of-

            http://www.imp.med.uni-muenchen.de/research/experi

          • Thank you, I was about to say the same thing. But it is not... [#103736]
            By: Les (7233 comments) Go to top ↑

            Thank you, I was about to say the same thing. But it is not a ‘German’ tactic of anything. Such behaviour on the part of these doctors is the ontological positivism that our enlightenment bestowed upon us:

            http://www.answers.com/topic/positivism-1

            Positivism asserts that the only authentic knowledge is that which is based on sense, experience and positive verification.

            i.e, facts. Given that the subjective interaction with the clients of these doctors would undermine the objective model that has culminated in the article printed by the guardian, the scientific community by and large avoids that interaction.

            Thus are humans treated as objects.

            One of the most important ideas I took away from university was understanding that a hermeneutical approach [i.e., understanding another human being's point of view and the cultural forces influencing it] to human relations, with respect as the basis of relations [my own idea] is the only way we’re going to pull ourselves out of this pitiful state of being we’ve mired ourselves in.

            I’ve been very lucky that this learning was accompanied by an introduction to the Tao at Vad’s place and then I took myself to Aikido, where emphasis is very much on respect and learning through intuition and introspection, two sources of knowledge rejected by positivism.

            Before rejecting this idea outright, consider this. All the other animals on this planet – ALL of them – are intimately connected to their environment. Use of Logos is nearly non-existent. A lion is hungry – it doesn’t think ‘hmmm what am I dining on tonight?’ – it hunts, and it is very much an intuitive action. It doesn’t think ‘ok what strategy am I going to use on this zebra?’. Its body and mind are intimately connected to the environment it is in [and IMO, this is the polar opposite of human beings].

            How I use this understanding in the market:

            “Trade what you see, not what you think” is the logo of Vad’s trading strategy. Let’s just say that this pathway of knowledge I’ve been pursuing in my own post-graduate studies (it’s not like there is a university that will teach, let along recognise what I am learning) is fitting with realitytrader’s logo. But I’m still working on the risk management side to avoid those times when logos imposes itself and I want to do stupid things like knife catching SLV during the most volatile trading witnessed since 1987.

            If you are interested in following this debate publicly, or even an introduction into alternative means of consciousness, I suggest following the Deepak Chopra/Richard Dawkins debate:

            http://www.youtube.com/watch?v=zJ4jYvbxTCk

            Listen to what Deepak says from 00:45 through to 1:10.

            On the subject of back pain, I had a promising career in a parachute regiment cut short by understanding that I had significant problems with my vertebrae, discovered shortly after finishing parachute training. Following hydrotherapy I put on ten kilos at the gym to strengthen the muscles (primarily in the back) and have been exercising and working out constantly for the last 20 years. I also learnt to use my back correctly. No more back pain. And following the introduction to Aikido, much reduced stress and down time due to sickness. Life is good.

  6. Good morning. 08:30 Empire Manufacturing ------ CCL ... [#103658]
    By: Bull Hunter (3552 comments) Go to top ↑

    Good morning.

    08:30 Empire Manufacturing

    ——

    CCL – Carnival downgraded to Neutral from Overweight at JP Morgan with a $30 price target citing the Costa Concordia tragedy and higher bunker fuel prices.

    CCL – Carnival downgraded to Neutral from Positive at Susquehanna.

    INFY – Infosys downgraded to Hold from Buy at Needham citing lack of catalysts, market share loss, and mixed key metrics.

    INTC – Intel downgraded to Neutral from Overweight at JP Morgan citing concerns that margins are peaking and keeps a $25 price target for shares.

    POT – Potash upgraded to Sector Outperformer from Sector Performer at CIBC based on valuation. Price target lowered to $60 from $65

    RCL – Royal Caribbean downgraded at Susquehanna citing the negative impact from Carnival’s (CCL) Costa Concordia tragedy. Price target lowered to $26 from $39.

    SCHW – Charles Schwab upgraded to Buy from Neutral at Goldman based on relative valuation and NIM stabilization. Price target is $14.

    ——

    Other Stocks of Possible Interest:

    ABX – Barrick Gold downgraded to Hold from Buy at Canaccord based on relative valuation. Price target lowered to $57.50 from $61.50.

    RGLD – Royal Gold upgraded to Buy from Neutral at UBS following the completion of its 4M share equity offering and upgraded share citing valuation and its near-term growth profile. Price target lowered to $79 from $83.

    ——

    “The reason there are two senators for each state is so that one can be the designated driver.” ~ Jay Leno

  7. http://biz.yahoo.com/research/earncal/today.html happy... [#103660]
    By: NYUGrad (4750 comments) Go to top ↑
  8. ES trading range to watch is 1297-1303. Watch breadth, if... [#103659]
    By: NYUGrad (4750 comments) Go to top ↑

    ES trading range to watch is 1297-1303.

    Watch breadth, if it doesnt expand the rally is at risk.

    EU Banks green. Citi misses, Wells Fargo exceeds.

    Empire manufacturing index beats

    FD: Long in the 1290-92 area on ES from overnight session.

  9. ... [#103664]
    By: Jack Senett (438 comments) Go to top ↑

    Above.

  10. ... [#103663]
    By: c2ski (94 comments) Go to top ↑
    • The question I have is: who is asking for the info? Your... [#103675]
      By: Athan (143 comments) Go to top ↑

      The question I have is: who is asking for the info? Your broker who already knows the answers, or ThompsonReuters which is none of their business? or the Australian regulators using ThompsonReuters as a go between? Still does not make any sense to me.

  11. Can anybody comment on the Kinross price action this... [#103668]
    By: DamirK (7 comments) Go to top ↑

    Can anybody comment on the Kinross price action this morning?

    Thanks. Damir

    • Production costs will be higher in 2012 while production... [#103671]
      By: davefairtex (5215 comments) Go to top ↑

      Production costs will be higher in 2012 while production will be flat. That’s not good news. A 16% drop on a 12-19% increase in costs seems ballpark reasonable, but not so much fun to endure.

      http://finance.yahoo.com/news/Kinross-sees-higher-

      “NEW YORK (AP) — Canadian gold miner Kinross Gold Corp. said Tuesday it expects production to be flat to slightly higher this year, while production costs will rise between 12 and 19 percent due to higher labor and mine expenses.”

    • DamirK, Re KGC, if you are holding the stock, I would not... [#103682]
      By: Bill Cara (4105 comments) Go to top ↑

      DamirK,

      Re KGC, if you are holding the stock, I would not sell. In fact, I would buy more here at US$10.50. The market is over-reacting. I think there is a trade in the stock.

      • I think that the market is reacting mainly to this portion... [#103686]
        By: BillySundance (1355 comments) Go to top ↑

        I think that the market is reacting mainly to this portion of KGC’s press release:

        “Goodwill impairment assessment

        As required by International Financial Reporting Standards, the Company is in the process of carrying out its annual impairment assessment and expects to release the results of this assessment with its year-end financial results. In view of the Company’s evolving understanding of Tasiast project parameters, and market conditions, including industry-wide increases in capital and operating costs, the Company expects to record a material non-cash accounting charge, primarily relating to the goodwill recorded for the Tasiast mine in connection with the 2010 Red Back acquisition. As disclosed in the 2011 third quarter financial statements, as at September 30, 2011, the book value of total assets of Tasiast was $7.1 billion, of which $4.6 billion was goodwill. The Company has not finalized the Tasiast feasibility study or mine plan, and drilling results processed to date continue to demonstrate significant exploration potential supporting a world class mine. “

        Essentially KGC is saying that the $4.6B of goodwill they have on the books for Tasiast is going to be lowered. With that said, I think that this likelihood has been known/expected to the market for awhile but today reality has set in on the stock price. I think a lot of the bad news is priced in and this may be the last flush on KGC. Went long a starter position at $10.55 this morning. Downside risk is minimal from here IMHO and they are actually becoming a takeover candidate as market cap gets low enough that some of the other majors may be able to digest a company of this size.

        • BillySundance, This non-cash item is precisely why I... [#103698]
          By: Bill Cara (4105 comments) Go to top ↑

          BillySundance,

          This non-cash item is precisely why I recommended buying. I feel strongly there is a trade here for speculative traders. I also believe that conservative traders who are long the stock should be averaging down.

      • Thank you Bill for replying. I did buy some more in the... [#103687]
        By: DamirK (7 comments) Go to top ↑

        Thank you Bill for replying. I did buy some more in the morning to offset the loss a bit.

  12. MSFT - Microsoft initiated with an Outperform at Raymond... [#103669]
    By: Bull Hunter (3552 comments) Go to top ↑

    MSFT – Microsoft initiated with an Outperform at Raymond James.

    NFX – Newfield Exploration downgraded to Neutral from Positive at Susquehanna based on lower gas prices. Price target lowered to $39 from $46.

    XOM – Downgraded to Market Perform @ Howard Weil.

  13. WFM - Whole Foods upgraded to Buy from Neutral at Cleveland... [#103672]
    By: Bull Hunter (3552 comments) Go to top ↑

    WFM – Whole Foods upgraded to Buy from Neutral at Cleveland Research (pre-open)
    following checks that indicate a strong holiday season and improving trends for the quarter.

  14. for gain. Looking for next setup. Breadth peaked at the... [#103679]
    By: NYUGrad (4750 comments) Go to top ↑

    for gain. Looking for next setup.

    Breadth peaked at the open, which isnt a good sign for sustained rising prices.

  15. easily visible on the PTM charts. Maybe a short squeeze... [#103683]
    By: jack black (2306 comments) Go to top ↑

    easily visible on the PTM charts. Maybe a short squeeze, maybe too much enthusiasm for PM. Thinking about slowly scaling out from my long PM positions.

  16. AAPL - target raised at Jefferies to $550, Jefferies said... [#103685]
    By: Bull Hunter (3552 comments) Go to top ↑

    AAPL – target raised at Jefferies to $550, Jefferies said. Expecting strength driven by iPhone 4S. Buy rating.

    AMZN – estimates, target lowered at Benchmark. Shares of AMZN now seen reaching $210. Estimates also cut, given lower realized margins. Buy rating.

    CCL – estimates, target cut at Goldman. Shares of CCL now seen reaching $39. Estimates also reduced, given the grounding of the Concordia vessel. Buy rating.

    CCL – Carnival estimates lowered at UBS through 2012, UBS said. Impact from Concordia issue. Maintain Buy rating and $38 price target.

    DOW – numbers raised at Goldman. Shares of DOW now seen reaching $38, according to Goldman Sachs. Estimates also increased, given lower expected ethane costs. Neutral rating.

  17. Jeff said, " Ive tried everything under the sun for chronic... [#103693]
    By: Telestar3d (636 comments) Go to top ↑

    Jeff said, ” Ive tried everything under the sun for chronic back pain including every natural substance out there and nothing works, period.”

    I had back pain for 12 years, I started doing Bikram Yoga, after my third class my back pain went away. As long as I practice twice a week I have no pain. It is not a free lunch, its hard.

    You might give it a try or another type of yoga if you can’t handle the heat.

    • Yoga eliminated my always sore back... [#103696]
      By: Bear E (287 comments) Go to top ↑

      Yoga eliminated my always sore back too.

    • Telestar3d, I have found fish oil is a help to my chronic... [#103708]
      By: Grym (5469 comments) Go to top ↑

      Telestar3d,

      I have found fish oil is a help to my chronic lower back pain. Also for a bad knee and arthritis in my hand.

      Not a cure, but certainly a help.

      Grym

    • I had back pain so severe that I could not walk 10 feet... [#103720]
      By: rgr (42 comments) Go to top ↑

      I had back pain so severe that I could not walk 10 feet. Went to a chiropractor. He told me not to keep my wallet in my back pants pocket. I was pain free in a day. This was after dozens of x-rays, MRI’s etc. and dozens of MD’s trying to talk me into pain killers, ambulatory infusion pumps, and surgery.

      Ron

      • Not sure it relates directly to your back pain issue but... [#103721]
        By: BillySundance (1355 comments) Go to top ↑

        Not sure it relates directly to your back pain issue but thought I ‘d share in case it helped someone else…….

        I was having some serious foot pains last year which was causing me some substantial discomfort on a daily basis. It turns out I had developed a case of plantar fascitis from some unsupportive sandals I had been wearing over the summer. After trying various shoes looking for the cure, one of the employees at a local shoe store suggested an Aetryx insert which supports the metatarsal bone in the middle of the foot. A few days later the pain was gone. Unfortunately these inserts cost a pretty penny but are well worth it if it relieves pain.

  18. Grym and others may be interested in... [#103695]
    By: Telestar3d (636 comments) Go to top ↑

    Grym and others may be interested in this.

    http://www.ritholtz.com/blog/2012/01/hoisington-qu

  19. It isn't just BAC that investors need to be keeping an eye... [#103697]
    By: bigwad1 (768 comments) Go to top ↑

    It isn’t just BAC that investors need to be keeping an eye on!

    Wonder what those 200 million customers think of their mother ship now?

    PANDITS COMMENT TO THE EMPLOYEES::::::”"”"Our company has now been profitable for two full years… We’ve shown that we can weather a tough environment without investors, regulators and other observers questioning our safety and soundness.”"”"”"

    Time to dismantle Citi and haul the remains to a nuclear landfill.

    http://www.thestreet.com/video/11378397/citi-spank

  20. Anyone know why the PM's - Standard Silver, Agnico Eagle... [#103701]
    By: ennar (21 comments) Go to top ↑

    Anyone know why the PM’s – Standard Silver, Agnico Eagle, New Gold are all down when Gold and Silver are both up?

    Thanks

    • Weird day. miners down, but juniors up. Also, dollar down... [#103704]
      By: jack black (2306 comments) Go to top ↑

      Weird day. miners down, but juniors up.
      Also, dollar down, but bonds up. go figure.

      The equity sentiments are a bit stretched. Any pullback can depress PM too, even though the intermediate prospects should be OK. I’m still guarded about long term.

  21. its up considerably... [#103706]
    By: NYUGrad (4750 comments) Go to top ↑

    its up considerably today

    • And just in case those folks at thompsonrueters want to... [#103723]
      By: rosevillebill (150 comments) Go to top ↑

      And just in case those folks at thompsonrueters want to know I’m sittin on 4500 shares.
      What a lively blog today. Thanks everyone.

      Also, I would like to point you to calciumtherapy.com Earlier discussions about pharma tie in. A brother-in-law is the inventor. It’s mostly calcium treatment for dental issues. He can tell you a lot about how he was blackballed from the education system because his product is very cheap and plentiful. He also makes a cream that is marvelous for using after surgery on stitches. He had open heart surgery and you could hardly see a scar due to the use of his treatment.

  22. Faber has been long term bearish about the American economy... [#103710]
    By: jack black (2306 comments) Go to top ↑

    Faber has been long term bearish about the American economy for a number of years and continues to be so. He concluded his June 2008 newsletter with the following mock quote:

    “The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I’ve been doing my part.”

    Well, the mega beer companies (Anhauser and Miller) are foreign owned now. Poor Marc has no choice but settle on US prostitutes without beer.

    Disclaimer: yes, I’ve read the discussion about three economic myths last night, but Marc can’t be wrong, can he?

    • So, if those turn out to be immigrants sending money back... [#103711]
      By: Vadym Graifer (4341 comments) Go to top ↑

      So, if those turn out to be immigrants sending money back home… no more options I guess (G)

  23. I thought RIMM's goose was cooked. Alas, maybe not - it's... [#103713]
    By: 4ever (612 comments) Go to top ↑

    I thought RIMM’s goose was cooked. Alas, maybe not – it’s up over 8% at $17.47 and hit a high of $17.96 so far today.

    You never know precisely why a stock price changes. Today I read where RIMM is introducing some new tablets and a new phone soon. Next story up is about a possible takeover. I’m sure they’re working hard exploring all options.

    There was a story yesterday reporting Samsung selling $1B in bonds to “expand a Texas chip plant”. While that’s not near enough to acquire RIMM, it does allow them to test the debt markets for possible future use.

    Samsung does put out excellent products, especially ginormous(?) flat/thin TVs and galaxy phones.

    I’m not even sure the Govt would approve the takeover, but the combination is interesting to ponder.

    http://tinyurl.com/7strwpx

    http://tinyurl.com/6njxepd

  24. was one of the tells for me to book my globex gains and... [#103714]
    By: NYUGrad (4750 comments) Go to top ↑

    was one of the tells for me to book my globex gains and find short entry. Breadth was trending down all day.

    the MLK bottom of 1281 isnt too far away now.

    Happy hunting everyone!

  25. ... [#103716]
    By: Vadym Graifer (4341 comments) Go to top ↑
  26. Biology research continues to amaze with its profound... [#103719]
    By: MoKat (531 comments) Go to top ↑

    Biology research continues to amaze with its profound advances.

    There is now a machine which can provide a map of your genome/DNA or that of a disease that infects you, with a cost of $1000 per analysis. As this technology gets distributed and doctors and scientists utilize its features to increase their knowledge base of DNA, medicine will rapidly undergo significant changes. The effect of medicines can be profiled during treatments. Cancers can be analyzed for remission status. Prevention may be assisted by pre-empted treatment. All pretty damn incredible.

    Ion Torrent developed a CMOS chip which instead of reading light like your digital camera, it reads chemicals.
    Samples can be from, blood, saliva or biopsies. The machine is about the size of a medium computer printer. Cost will be around $150,000. Ion Torrent is owned by Life Technologies Corp. ( Symbol: LIFE) It will begin selling this machine worldwide.. in 2012.

    http://tinyurl.com/6snywz8

  27. ... [#103724]
    By: pulse (324 comments) Go to top ↑
  28. John - Nice summation. It's funny how the Rothchilds and... [#103692]
    By: Dr. Strangelove (2004 comments) Go to top ↑

    John -

    Nice summation. It’s funny how the Rothchilds and Rockefellers don’t even show up on those super-rich lists.

    Just think of it, the Rothchilds and Rockefellers get a percent of every dollar mouse clicked into existence. Wouldn’t that make them more wealthy than, say, Mister Softy and the Sage of Omaha combined?

    Cheers.

  29. Samsung says no interest in buying troubled... [#103728]
    By: NYUGrad (4750 comments) Go to top ↑

    Samsung says no interest in buying troubled RIM.
    http://bit.ly/zDxIuO

    Now what for prices?

  30. ..."Confidence to take on debt points to confidence in the... [#103731]
    By: loannetter (1298 comments) Go to top ↑

    …”Confidence to take on debt points to confidence in the jobs market and is a significant plus for the outlook on consumer spending.”

    Bill, I am doubtful of the source of this so called confidence in the jobs market pointing to willingness to take on debts. Rolls nicely off the tounge. Locally I see a lot of people forced to take on debt while waiting for help to arrive and managing with their unemployment checks or deferred home maintenance or delayed propety taxes to keep one step ahead of the grim reaper. If we have learned anything since this crisis began it’s to question our need to spend.

  31. ... [#103738]
    By: Les (7233 comments) Go to top ↑
    • On the prices of gold stocks, "Trader Dan" has some... [#103741]
      By: barry (250 comments) Go to top ↑

      On the prices of gold stocks, “Trader Dan” has some interesting views on the gold,gold stock ratio trade. You have likely seen it, but if not……..

      http://traderdannorcini.blogspot.com/

      • Hi barry, $HUI:$GOLD is a spitting image of GDX:$GOLD. Yes... [#103746]
        By: Les (7233 comments) Go to top ↑

        Hi barry, $HUI:$GOLD is a spitting image of GDX:$GOLD. Yes, this risk indicator is still off. I posted the daily chart on the post-close post. I’d suggest from looking through the tea leaves and chicken innards that we’re closer to risk on than risk off, but one can always wait for the big move in miners to occur before taking on risk. UXG certainly looks promising as it reaches what is looking like a short-term cycle high.

  32. ... [#103739]
    By: Les (7233 comments) Go to top ↑
  33. "Sell into gap up openings". I've followed enough... [#103737]
    By: Les (7233 comments) Go to top ↑

    “Sell into gap up openings”. I’ve followed enough experienced traders to understand what I want to do with such openings as yesterday, so I seek to sell into this market. Because I hold nothing to sell into this gap up, I seek a short setup. Watching the banksters pop at the opening on such poor earnings is a cock and bull story, so I seek a short setup in financials with FAZ. And I found one.

    A double bottom in FAZ in the hourly time frame. Remember you don’t have to be a daytrader to appreciate these setups, they apply to all time frames, and that is something I took away from trading with Vad for a year. A minimum of logos is required in order to interpret the chart so as to anticipate likely eventualities, but once the setup is there I want to be the lion that pounces on its prey without thinking about it (see the post above). For those interested: http://tinyurl.com/7dw75vl