Wednesday, March 11, 2009

Market Pauses Randomosity

  • Truthiness be told, today is probably sorta-kinda what a bull would want to see. A day of consolidating the gains with a little give and take.  Advancers led decliners by a bit. Keep an eye on a potential follow-through day in the days ahead.
  • Did you watch American Idol?  Easily the worst performance of the night was Anoop singing "Beat It" by Michael Jackson.  I'm thinking he'd have been better off singing the Weird Al Yankovich version, "Eat It," and walk out on stage wearing the fat suit, carrying a box of donuts.
  • Laura embedded an iPhone video on a thread below, where 3 folks have their iphones playing the Smashing Pumpkins.  Whoa...  Who needs to bother learning real instruments anymore? 
  • America's Emptiest Cities.  Abandoned houses.  Well, it was a crazy bubble, no?
  • Layoffs on Sesame Street?  Are Bert and Earnie hitting the pavement for something other than an anti-Proposition 8 rally?  Sesame Workshop, the nonprofit producer of "Sesame Street" and other kids' programs, is cutting about one-fifth of its work force because of the economic downturn.
  • No one wants to use recession or depression. It's a downturn.  Got it?
  • Natural gas prices diving due to "supply shock."  And we're also entering the 70-degree weather months were we don't need as much, too.  I think that this is one to keep an eye on trading volume, and watch for a reversal.  I don't believe prices in things that we use for energy will remain low for long.  Watching....
  • FDIC collected few insurance fees the past decade.  Like that won't be a problem down the road.  Sheez.  The federal agency that insures bank deposits, which is asking for emergency powers to borrow up to $500 billion to take over failed banks, is facing a potential major shortfall in part because it collected no insurance premiums from most banks from 1996 to 2006.