Wednesday, November 12, 2008

Wednesday Randomosity - 2nd Try

  • Does Erin Burnett cause bull markets? What is the best hour of the day to be invested?  Adam Warner takes a closer look.  Sounds like a new trade trigger right there!  Can we get pager alerts - er, hello 2008, text messages - on when Erin will be on or when Melissa Lee will be on?
  • Picture?  Another Chevy Race Queen.  LOL.
  • After-hours gloom?  $AMAT (Applied Materials) profits fell 45%.  1800 jobs to be eliminated.  The company said it would make the job cuts "through a combination of attrition, voluntary separation and other workforce reduction programs."
  • Why yes, that is the $QQQQ trading back under $30.    Hey, closing in on those September 2002 levels. What was that, around $21-ish? Wooo. 
  • Global warming bringing on an ice age“If the new Ice Age happens, it will likely be due to the melting of the polar ice. This will dump large quantities of cold, fresh water into the ocean. It would disrupt the Gulf Stream and cause the cooling of many areas that now have milder climates. Global warming will be the cause.” 
  • The warmer, the cooler.
  • Obama health care plan estimated to cost $75 billion.  And as with everything government, we can assume that the number is off by some monster multiple. Smells like a $500 billion plan to me with long waits and shortages.  "Unless costs are cut, growing health care costs will increase the costs of Obama's plan dramatically over time and reduce the effectiveness of mandates. This could make the federal costs unsustainably high," the report said.
  • Housing continues down.   ``It's clear we are at a unique point in history,'' Stan Humphries, Zillow's vice president of data and analytics, said in a statement. ``We've had seven consecutive quarters of decline, and we expect that to continue until at least the middle of next year. Most markets are still seeing five-year annualized returns, but we will see more markets slip into flat or negative long-term change as the economy continues to suffer.''
  • The good news is that if housing continues to fall, we'll all qualify for a government bailout soon.  Or just walk away and toss the keys to the bank.  "You deal with it."  Move back home with the parents or in with the kids.  Get some roomies like back in the college days.  It's all good.  We'll make this work together, a'ight?
  • Nowhere to hide, says Barry Ritholtz.  Both domestic and global markets getting trashed.