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Tomm

1 week ago

in Rude Jude Loves You - NEVER FORGET!!!!!! WONDER SHOWZEN!!!!! wonders... on judejudejude
the best show ever, Chauncey is the best

1 week ago

in Is Poverty a Violation of Human Rights? on Will Wilkinson
This post seems like just a confusing version of a very simple Bastiat philosophy. No?

1 week ago

in Signaling and Solidarity on Will Wilkinson
This is probably your worst post ever. I've appreciated your thoughts and analysis on this blog for a long while now, but with the unholier-than-thou Plantinga bashing, the ridiculous and incoherent judicial "empathy" post, and now this grandstanding, contrarian-for-contrarians-sake claptrap --- im just at a loss. The blog is devolving into a Sullivan-esque shell of what it could be. How in the world could a libertarian POSSIBLY be opposed to this...even in your convoluted theoretical view? It isn't about you Will...you used to understand this. No more moral preening on the almost improbable consequences of a simple and straightforward PRIVATE action. It isn't groupthink, its principles and common sense. Shame on you for lecturing down to a group of people simply trying to do the right thing and stand up for an important and symbolic movement.
1 reply
Will Wilkinson's picture
Will Wilkinson What do imagine I'm opposed to? Did you read the post? The point is that it's not about you or me. We can't help. Our solidarity does not matter. Our inability to reconcile ourselves to our impotence leads us into hollow symbolism that is more likely to do harm than good. "Principle," "common sense" and "trying to do the right things" are among the most common names of moral self-aggrandizement. I have yet to see a single persuasive comment defending this practice. It is groupthink.

2 weeks ago

in GM Dissident Bondholders File Objection To 363 Sale on Zero Hedge
What a great quote to use to start the fight against these proceedings. Love it.

2 weeks ago

in California To Get Multi-Notch Downgrade By Moody's on Zero Hedge
Admin won't help the 8th largest economy in the world but choses to focus on 2 shitty car manufactuers and insolvent banks- and refers to them as too big to fail. What a gong show of an administration. These guys need to put the bong down and take in some reality. I used to think I was more a democrat than a repub. Obama has pretty much pissed on that idea.
1 reply
calltoaccount It's not really a dem rep thing. Check out economist Michael Hudson interview video at the 4:30' mark for a dead-on explanation of exactly what and why.

http://www.youtube.com/watch?v=3pwAFohWBL4&NR=1

2 weeks ago

in Have US Banks Learned A Thing Or Two From 2003 Japan? on Zero Hedge
The retail investor is small fraction of the market. What's going on right now is based on relatively low volume. The PPT angle is interesting, but I think the pump has already been achieve, the dump is next. To a degree we are debating the same point. I hear what you are saying, I just don't the PPT can hold up the market much longer, if at all now.
1 reply
ejack I think pump and dump is what JPM and GS do in normal market situations. I believe that they have received a different mandate from Obama telling them to use as much money as they can and every trick in the book to get the markets up, and to KEEP it up. I'm not a conspiracy nutjob, but the completely irrational and obviously manipulated markets in these last 3 months have to me revealed the now-visible hand that is fucking around with the markets and keeping it up for no good reason. The low volume in the last 10 days has revealed the obvious market manipulation trying desperately to push the markets up, which is why they laid off this week. They need organic volume to pick up so that their actions can be hidden amongst the noise.

Look at the money that GS got through AIG. Do you think that the government didn't realize that GS would get 100 cents on the dollar from all these contracts with no pushback from the government? It was an blatant but indirect way of recapitalizing the brokerages with billions upon billions of dollars, and this was the initial payment from the government to these guys, with the requirements that they will turn around and use that money and all their tricks to boost the markets up.

All regular people need this market at 1000+, mom and pop, mutual funds, banks, etc. It is completely unfair, it is completely crooked and is morally wrong because the entire faith people have in the stock market has flown out the door, but seems like absolutely no one cares. The SEC doesn't care, Obama doesn't care, Bernanke doesn't care. The government is dumping money into the stock market, and creating a form of inflation to raise the asset prices within there. If you dump enough money into anything, you can artificially stimulate a floor in prices, which is what they want to do.

The next stage is getting the housing prices up in order to make people feel rich again, but this has gone against Bernanke, so once the stock market reaches a solid floor, they will divert all their attention on this. They need those toxic assets to be re-valued at a higher rate so that the banks can dump them and heal their balance sheets.

2 weeks ago

in SPY Low Volume Breakout Rejected on Zero Hedge
870 is the support level for a lot of folks. Used to be 750, revised up because of all the green shoots BS. If it hits 880/875 the sell off could take on a new level again. The sentiment could be starting to move the other way.

2 weeks ago

in Have US Banks Learned A Thing Or Two From 2003 Japan? on Zero Hedge
Props for who is the question? the smart money has already left the building. Who is left to prop it for? Everyone is saying this already overdone. Volume is low, shit stocks are 3-6X what they should be. At some point they need to bring it down to test March (or get to at least 700-725) in order to ride it up again because economic numbers won't support another major leg up.
1 reply
ejack Propping it up for your mom and dad, your relatives who have their life savings in 401ks, and in index funds and "safe" funds, because their financial advisor told them they needed to be invested in the stock market because of inflation. By any means necessary must the stock market rise, this is the mandate for the PPT.

Something like 60% of people are invested in the stock market, and most gainfully employed people with a 401k plan have something in mutual funds. They are not the ones who are trading back and forth, causing volume. They are the ones who, when they got their January mutual fund notice, they vowed to themselves that they would not open up another notice, and tried to reassure themselves that investing in mutual funds isn't risky, and it's for the long run. They bought and held, through March, and then they felt good about themselves when they read all the headlines in April and May about how things were getting better and how smart they were for buying on the dip.

These are the ones who go out and buy shit. If they feel poor, the economy will never recover. Obama and Bernanke want these regular folks to stop feeling poor, to stop worrying about their 401ks and their house prices, and for them to go out and buy another pair of fucking shoes they don't need and to buy food at McDonald's that gives them high blood pressure. Which is why there has been a 2-fold attack against the problem: Bernanke has been trying to goose housing by dropping mortgage rates, and Obama unleashed the PPT team to get the stock market up by any means necessary. You don't think what he said on March 4 wasn't a hint to all Americans to buy stocks?

2 weeks ago

in Must Read: Andy Xie - "Markets Are Trading On Imagination" on Zero Hedge
Ahmen RT. That goes for DistressedWino as well.
1 reply
DistressedWineVulture's picture
DistressedWineVulture LOL... Don't see the connection here but, sure, I'll bite.

Cash is a position for YOU.

Cash COULD BE a position for ME.

But cash is NOT a position for the 99% of my generation who are still in the grind for that first Warp Zone out of financial slavery.

There are SO many beautiful, passionate, intelligent young men and women out there, trying to LIVE, trying to BREAK FREE from the rent-cycle Death Trap that YOU set up with your Debt Binge Economy and Ponzi Social Programs. And you REALLY think it's an option to park that $10K nest-egg in some "High Yield" 0.5% APR Savings Account? Sure.. You've already got YOURS, so now "Cash Is A Position."

Seriously bro, the rules and expectations have changed, and we're NOT going sit around stacking up OUR dimes in YOUR piggybanks so YOU can "manage" the risk and keep the reward. Especially not now.. Now that we all know how competent your "risk management" really is.

Go blow that CIAP smoke up someone else's ass.

2 weeks ago

in Must Read: Andy Xie - "Markets Are Trading On Imagination" on Zero Hedge
Pigs get fat, hogs get slaughtered. Its a bloodbath right now. Great strategy.
1 reply
DistressedWineVulture's picture
DistressedWineVulture Need a strategy for bloodbaths?

Just cram the whole July rent check into BPUR, 10000 shares @ .30, a STEAL for plasma gambling at literally 99.98% off the 2000 highs.

So what if it collapses to .03, just scrape it out on Ramen to make ends meet by the 1st.

You can double down next month or maybe diversify into 30000 shares of NFLDQ.

3 weeks ago

in CBRE: This Has NOT Been A Liquidity Crisis, But A Crisis Of Bad Credit on Zero Hedge
Cool post. I wonder how long Bernake will last with the BAC/Merrl act going on up on Capitol Hill.

3 weeks ago

in CBRE: This Has NOT Been A Liquidity Crisis, But A Crisis Of Bad Credit on Zero Hedge
About the comment on the banks and the run the stock prices have had. I'd like to hear some comments on investing in this sector considering the low volume insider buying and the massive sell off's by Mid east and T - good, bad, indifferent, I want all view points. Just put your arguement out there if you would please. Much appreciated.

3 weeks ago

in About Those Bonds on Zero Hedge
134 billion in bonds. in the hands of two japanese guys. caught at the border by some lucky border guard. Whatever dude....put the bong down for while. That's like you or me getting caught playing quaterback for the Dallas Cowboys on any given Sunday.
1 reply

3 weeks ago

in Overalottment: June 11 on Zero Hedge
RE: BlackRock Global. "Too big to fail" just took to a whole new level. Wonder which regulatory agencies just crapped their pants.

1 month ago

in Will someone do to Photoshop what InDesign did to Quark? on Technovia
Apple could do it, especially since so much image manipulation's built into Core Image. Pixelmator is a reasonable attempt from a tiny company. Problem is that Photoshop really still has some unassailable features that are pretty damn useful.

1 month ago

in Git Informed When Your Site Is Hacked on blogt0sk1
Who needs Tripwire with Git and a simple cron job?

Awesome

1 month ago

in Will Hulu Desktop Slay Apple Tv and Roku? Sound Off! on Chiles Advertising
The content in Hulu is almost totally different from the Watch Instantly content in Netflix. Hulu has last night's 30 Rock, but not last season's. Netflix has last season's 30 Rock, but not last night's. Hulu has the Daily Show, but Roku does not. This arrangement is probably not going to change anytime soon. Netflix has every Stanley Kubrick movie available to Watch Instantly, Hulu doesn't. Etc. Etc.

Roku is also trivially easy to connect to any TV; and once it's set up you pretty much never touch it again. OTOH, it's still a pain in the butt to connect a laptop or computer to a TV for most people, and then you have to do annoying things like launching a desktop app on a computer while using your TV as a monitor. That's all a big hassle.

1 month ago

in id love a restraining order. on A Homeboy's Life
that gawker stalker shit is fucking scary. i don't understand how someone could think that necessary for anyone to know and not at all dangerous.

1 month ago

in Paper Tiger on Paper Tiger
Ugh. Why don't I pull my stupid pants up and shave my silly sideburns?

2 months ago

in Outlook 2007: Increase the Number of Months Displayed in the To-Do Bar on Tech-Recipes
AWESOME!! Thank you so much and your instructions were simple.

2 months ago

in fragments on fragments
Gorgeous.

T.=Tyler=unfortunately_wingless.

2 months ago

in HissyFitWatch: Cutting Off Customers Who Use “Too Much” in Austin on Stop the Cap test
They are attempting to manipulate the data collection process! They collected data in Beaumont which said 86% (or something) of people wouldn't be impacted by their caps. They have now turned their eyes to Austin (and other cities) and started collecting data for their re-education campaign to promote caps. Obviously Austinites use more and they are seeing this as they look at the data. Therefore, they are simply shutting down "heavy users" during their collection phase. By doing this, they can show that "most users doesn't consume more than 40GB in a month". The REASON that barely anyone will consume more than that is they close the connection for those who do. Brilliantly evil in a way but a complete manipulation of what they data will say with regard to real usage when more marketing for Austin comes out.

2 months ago

in In Search Of… Road Runner Lite, the Mini-Me Broadband Service on Stop the Cap test
Hey Time Warner! It's called the Information Superhighway for a reason! How super would it be if it were capped or somehow limited?! Not very!

NO CAPS! NO CAPS NOW! NO CAPS EVER! NEVER SURRENDER!!! Yarghhhh
1 reply
Seal Just watch. As soon as the caps are implemented... TWC will pay content providers a visit and tell them that for $$$$, their bandwidth will not count against the cap. Just watch. It's an attempted end-run on net neutrality.

2 months ago

in fragments on fragments
Do you hide behind a book when passing a mirror?
1 reply
frogautumn's picture
frogautumn sometimes. who are you?
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