Marketwatch - Hulbert on the loss of the 200DMA. Oh, that's it? We lost the 200DMA? Oh, that fucking explains everything....
Beyond Brics - Markets cool on China's new leaders. Really? The kids pull a snit cos there's no promise of free candy from the new Chinese leadership? You thought you'd get a new leadership council that just can't wait to hand over all the Chinese people's money to the international investment banking cartel? Or as Simon Rabinovitch says, "We are nearly eight hours into the decade-long rule of Xi Jinping, so it seems a perfect time to pass definitive judgment on his record as China’s leader."
Ritholtz - has no clue why the market's changed all of a sudden so he invokes the Deus ex Machina of the "Minsky Moment". Well, I can imagine this to be true, if this Minsky fellow is some fucking coked-up right-wing plutocrat hedge fund manager who's decided to pull a fucking snit cos Obama's going to balance the budget and force him to pay taxes to support mythical unwed negro mothers.
And in other news,
You really should subscribe to the BNN Morning Newsletter. Usually a pretty good summation of how nothing's actually happening, with a conscious recognition that most of what you hear in the media is just silly blather for no other purpose than to be heard.
Marty Cej wrote today's BNNMN, and you can tell he's heavily invested in the explorecos, by his utter disbelief of the stupidity of the market:
The World Gold Council, whose members include Ernst Stavro Blofield, Auric Goldfinger and Ron Paul, said gold demand fell 11 percent in the third quarter as slower growth in China lead to less investment and jewelry buying. Indian consumption topped China's for a second straight quarter, though the WGC said from its headquarters beneath a skull-shaped volcano on an island in the Pacific that China would be the world's top buyer by the end of the year.You can tell he reads my blog, cos I'm also all about the skull-fortress - except in my case I was thinking of putting it in the deep Amazonian jungle, not at a fucking volcano. Then again, I work in engineering and can see problems like that.
And tangentially he says
We'll also be watching for Dell after the close, especially after an editor at Bloomberg reached deep into his memory of second-year English Poetry to come up with the headline "Death Be Not Proud as Dell to Hewlett-Packard Show PC End." The story, however, is somewhat at odds with John Donne's intent when he wrote "Death Be Not Proud" sometime around 1610.and quite cleverly
Continuing my headline theme, I consider this one, again from Bloomberg, a winner: "Torture Shows Hackers of Damascus Turn Internet Against Rebels." If someone doesn't take "Hackers of Damascus" for the name of their band, or at least the name of their first album, they are idiots.I was going to name my next solo album "An Invitation to Sexual Touching", but I admit this also sounds clever. You should be an unknown IDM artist, Marty Cej.