Thursday, September 25, 2008

Wolf Parade, "I'll Believe In Anything"

One of my favorite songs from 2007 and one of my favorite vids ever. It's perverse in all the right ways. My favorite part is from 2:01 to 2:30. Not only does it mark the climax of the song, but you get the "crazy eyes."

The RO Report, "Congress Wins" Edition

Well, it looks like we'll have a full-fledged bailout done by Monday.

No matter how I feel about the matter politically, as a trader I'll be happy when it's complete. That way, the market can get back to trading with some conviction. Volume was slightly ahead of yesterday's levels, but at 1.2 billion, still pretty poor.

The weak volume didn't matter much to the RO. Most traders stacked. I guess we had good price movement and that made up for the volume.

There was a somewhat fishy reversal at around 3:40 today, when the MOCs were published. Despite the bullish tone in today's trade, the MOCs were mostly to the sell side. The market got punched, only to bounce decently in the last few minutes. Who knows where it's going? "The Fly" says he hasn't been this bullish since 2006.

I'm not really feeling that, but then again, I don't have a time machine.

Anyway, out of 21 traders, 16 were positive, or 76%. 10 traders finished up over $1,000 gross. With the slight increase in volume today, and those RO stats, I feel better being a little more aggressive again tomorrow. I was #8 of 21. Still down on the week after my bout of "manservitude" two days ago, but within sight of the green.

I'm just happy I can post some good tunes this evening.

Here are today's Bosses.

1. Trader B, $14,661 on 277k shares traded.
2. Trader A, $10,790 on 219k shares traded.
3. Trader F, $5,462 on 85,ooo shares traded.
4. Trader H, $5,176 on 500 shares traded.
5. Trader Z, $4,471 on 93,600 shares traded.

And the Manservants.

1. Trader C, -$1,584 on 193k shares traded.
2. Trader D, -$349 on 204k shares traded.
3. Trader T, -$319 on 6,200 shares traded.
4. Trader 5, -$282 on 100 shares traded.
5. Trader 3, -$238 on 2,200 shares traded.

Volume Better On Market Rally

Nothing at all like last week, but if we can hold above 11,000 by 3pm, we could get a nice pop going into the close.

I fully expect Gasparino to come out after 3:30 with some sort of bullish news/rumor to cement the day in the green.

McCain Disses Letterman... But Letterman Wins Again

NOTE: Later today I will have a post about how much the Democrats suck... don't worry "my friends" (to borrow a phrase from Grandpa McCain).

Sarah Palin Interviewed By Katie Couric On CBS

Okay, listen... we've had the folksy dude who didn't know anything for 8 years. How'd that turn out for you? If you're one of those who have voted for McCain/Palin over there in my poll, I hope you watch this interview (you can change your vote, btw). I mean, she seems really nice... but she also seems really stupid. No thanks.

If you can't watch the whole thing, at least watch from 3:45 or so, when they discuss the "financial crisis." Sorry folks, but this woman is a loser. If McCain were elected and died, and she became President... PRESIDENT! I would move my entire family to some other country immediately. (h/t reader "Mark L.")

If any of you ever come across anything worth posting here, shoot me an email. I always appreciate tips.

UPDATE: The President of Pakistan thinks she's a hottie. In truth, no one wants a hot VP candidate. Gimme a saggy old smart person... PLEASE!