Monday, August 4, 2008

Elton John, "I'm Still Standing"

Elton John has some good songs... this isn't one of them. Worse, well, the video speaks for itself...

The RO Report

The RO had a mixed day, which is strange given the egregious moves in the commodity names. I mean, coal, ags, oils, all were ransacked. RANSACKED.

I blame the lame summer Monday volume. We traded just over 1.2 billion. I expect tomorrow to be a much better day.

Out of 26 traders, 14 were positive, or 53%. I was number 18 of 26, or, in other words, negative on the day.

Here are the top 3:

1. $9,520 on 239k shares traded.
2. $5,292 on 13k shares traded.
3. $4,142 on 328k shares traded.

And the bottom:

1. -$8,003 on 80k shares traded.
2. -$1,613 on 36k shares traded.
3. -$1,459 on 52k shares traded.

Nouriel Roubini's Interview In Barrons

I may have to give bloggerdotcom a raise if he continues to find such gems.

-Nouriel Roubini

This is a pretty chilling interview. However, despite Roubini's short-term bearishness, long term, he thinks things will be peachy again.

And You Thought Sub-Prime Loans Were Bad

According to this article, they were just the tip o' the iceberg. Alt-A delinquencies and even prime loans are faltering at quickening levels.

In related news, CNBC is on the search for synonyms for the word "crisis" that also begin with the letter "C" and any word that rhymes with "loan," "crisis," "prime," and "cluster fuck."