Wild Thing

337
Mon, Aug 20, 2012 - 10:39am

This is brutal.

I feel as if I'm at a ballgame. Fireworks are planned to start as soon as the game ends and the kids won't leave until they see them. We've been here so long that I don't even care about the game anymore, I just want it to end. But the problem is, the game isn't ending as quickly as I'd like. The home team took the lead in the eighth but now the visitors have tied it in the top of the ninth and as we head into extra innings, the kids are getting restless and the parents are getting bored and cranky. Beer sales ended an hour ago and no one is happy. When will it end? Hopefully, soon! But in a game with no time clock, it's always hard to say with certainty. Sometime soon, though, the game will end and the home team will emerge victorious. Of this, I am certain. We simply need to retake the lead and bring in our closer.

Wild Thing!(English)

For today, though, nothing has changed so here we sit, grinnin and groanin...

Just a couple of other things to start your week. First, read this article. It's written by Henry Blodget who should be selling cars in Duluth after what he did and the bullshit "analysis" he wrote back in the late 1990s. Blodget was a top "internet analyst" back in the day and was all gung ho for stocks like Worldcom and eToys. Whatever. In America, you simply move on and hope people forget. See Bill Clinton or Al Dunlap. More recently, see Dick Fuld, John Thain, Jimmy Cayne or Jon Corzine. That said, in this article Blodget writes about the common underwriting practice of "greenshoe" whereby the IPO underwriter has the luxury of printing stock to either participate directly if a deal is "hot" or put on a risk-limited short if the deal sucks. As you know, Facebook sucked and the underwriters utilized their greenshoe to profit handsomely regardless.

https://www.businessinsider.com/facebooks-bankers-shorting-facebooks-stock-2012-8

And, in closing, another movie clip. I stumbled across this one over the weekend and thought I'd include it this morning. From 16 years ago but certainly spot on still today.

Will Hunting had it right 14 years ago

About the Author

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turd [at] tfmetalsreport [dot] com ()

  337 Comments

Jan Roos
Aug 20, 2012 - 10:41am

First?

maybe

boatman
Aug 20, 2012 - 10:42am
Money By Trading
Aug 20, 2012 - 10:42am

My review--bountiful charts included

My survey of recent days and my thoughts going into end of month.

https://moneybytrading.com/2012/08/18/weekend-review/

Dagney Taggart
Aug 20, 2012 - 10:43am

I love silver

Yes I do. Sh*t!

LOUP-GAROU
Aug 20, 2012 - 10:45am

Thanks

Turd, all we can do is the right thing and stay on the course, feeling great about all my investments"hard investments"!

Dagney Taggart
Aug 20, 2012 - 10:47am

@Turd

It hurts when Will Hunting and Debka occupy the same mind.

Really-
Aug 20, 2012 - 10:48am

@Turd

Now a great analogy..... someone guaranteed a blowout.

¤
Aug 20, 2012 - 10:50am

Jimi thanks you...and Major Tom also

Thanks for the update

Jimi Hendrix- Wild Thing

All of us want and need 'Blast Off!' at this point...10, 9, 8, 7, 6, 5, 4, 3.....

Ground Control to Major Tom
¤
Aug 20, 2012 - 10:55am

Syria over the weekend

No translation necessary...

Video unavailable
waxybilldupp
Aug 20, 2012 - 10:56am

In the interest of "Community"

Happy Yukon Discovery Day, Xty!

wax off

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Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
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12/11 2:00 pm ET FOMC fedlines
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12/12 8:30 ET PPI
12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
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Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
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Key Economic Events Week of 11/4

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Key Economic Events Week of 10/14

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10/17 8:30 ET Housing Starts and Bldg Perms
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Key Economic Events Week of 10/7

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