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One of my good friend's mom (who is big into yoga, stretching etc.) was showing me some stretches. I told her I wanted to know some stretches to loosen up my lower back. She then taught me my now favorite stretch ever.
1) With straight, locked legs, bend down into a classical ham stretch (touch your toes), and let your torso hang for 10 seconds or so, and stay completely relaxed.
2) Then, take your hands and clasp them behind your head, and apply pressure on the back or your head, like you are stretching your neck. The result is a stretching sensation thru my calves, hams, low back and erectors and neck. It's awesome.
Plus, she showed me some hip stretches I already knew about. Now that I am getting up in limit strength, I understand the importance of flexibility, recovery and muscle balance in order to lift heavy for a long time. Hope you do too.
is flexibility really that important?
I am naturally extremely flexible, i never stretch and I can still put my palms on the floor; i used to be able to put my body in a pretzel as well (legs behind head)...never really saw any athletic benefits to being flexible, tho.
It's good to hear from you. How are the numbers? Squat past 6 yet?
What's Up Ike,
I hit 575 for a double about 10 weeks ago, and then I went on a CAT routine that I devised, (prilephin's table) and I also started dieting. I pretty much went on a t-dawg 2.0 diet from t-nation.com without knowing I was, and anyhow from september 9th till now I went from 260 lbs to 220 lbs without a loss of muscle, and in fact a gain in strength. My friends ask me if I started working out, and I laugh every time.
This week is the end of my 10 week plan; I am doing a deload week, next week I will go in, wrap up and see what I can do in all 3 lifts. I am hoping to hit 615 in squat, 395-405 bench, and a 600 pull. I feel pretty confident about these numbers, three weeks ago I was feeling strong after a workout and pulled 590 after a bunch of sets of squats. Then a week ago I was feeling "strong" once again after some speed sets and squatted 515 for a set of 7, which is an all-time HUGE pr in that rep range for me. I can remember a year and a half ago I squatted 405 for 8 thought I was going to die, so I like to see progress like that.
Anyhow I am rambling, and I haven't been posting recently but will start to more. I am going to lift in a meet here in Denver on the 10th of March. I'm going to have to buy some gear, since I don't own any other than some knee wraps, so I will keep up to date.
What about you? Progress within the past 6 months?


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Vigil organized to honor Paterno
College Football Videos
STATE COLLEGE, Pa. — From bumper stickers to signs posted by a few businesses to the occasional T-shirt, reminders of Joe Paterno sprinkle Happy Valley.
Most cues are subtle enough to make an outsider look twice. Like the decals with the outline of the bespectacled Paterno's distinctive face, or the shirt with the image of the longtime Penn State coach's trademark look of rolled-up khakis and sneakers.
A year after his death, Paterno and a reputation tarnished in the aftermath of the child sex abuse scandal involving retired assistant coach Jerry Sandusky remain sensitive topics for groups of alumni, former players, staffers and community residents.
The Hall of Fame coach died of lung cancer on Jan. 22, 2012, at age 85. On Tuesday — exactly a year after his passing — community residents have organized a vigil at a downtown mural that includes a depiction of Paterno.
A family spokesman has said the Paternos would not take part, and remain in privacy.
Their supporters, though, spoke up at a recent meeting of the university's Board of Trustees.
Most critics are angered by how school leaders handled Paterno's ouster as coach and the explosive findings of the internal investigation led by former FBI director Louis Freeh that put part of the blame on Paterno.
Others say the school hasn't done enough to honor a 46-year career in which Paterno was known for focusing on academics and philanthropy as well as football.
"The university should lead the way and not sit in silence," said Ed Stine, 62, of Gaithersburg, Md., a member of the alumni watchdog group Penn Staters for Responsible Stewardship. He was one at least one of at least four dozen audience members who applauded or praised speakers who paid tribute to Paterno at the meeting.
The man who built Penn State's program into one of college football's marquee brands was fired in November 2011, days after Sandusky's arrest on molestation and other charges. The trustees had said Paterno was ousted in part because he had a moral obligation to pass on to police outside the university a 2002 allegation of sexual assault by Sandusky that was relayed to Paterno by a graduate assistant.
Sandusky was convicted in June on dozens of criminal counts, crimes that authorities said occurred on and off campus. In July, Freeh accused Paterno and three former school administrators of concealing allegations against Sandusky to protect the school's image.
The NCAA took unprecedented action two weeks later in levying strict sanctions including a four-year bowl ban, strict scholarship cuts and a $60 million fine on the university. College sports' governing body also vacated 111 wins under Paterno, erasing what had been his major college record of 409 career victories.
Paterno's family has vehemently denied Freeh's conclusions and has maintained the coach would not take part in a cover-up. They have said they expect to release a response to Freeh's report in the near future.
The trustees have maintained over the past year that they intend to honor Paterno at some point. When asked last week, a couple trustees cited ongoing legal issues related to the scandal.
"There's going to be a time and a place to do that, and I don't think that's right now yet," trustees chairman Keith Masser said last week.
University leaders continue to navigate tricky issues as they try rebuild Penn State's image. In the eyes of some national columnists and other critics outside Pennsylvania or the Penn State community, Paterno's name has been forever soiled.
A survey of alumni conducted for the school by an external public relations firm found that more than eight in 10 alumni remained positive toward Penn State, though that's down from nine in 10 in 2009. The survey also found that "recent events" still had a negative impact overall on the feelings of alumni, though the impact was less pronounced in December than in the last survey taken in May.
About 75 percent of respondents also said the school should publicly recognize Paterno for his decades of service to the school, down from 87 percent in May. The survey of 1,172 alumni was taken online and over the telephone, with a margin of error that was 2.86 percent.
"We still have an overwhelming majority of people who say he should be honored," said trustee Anthony Lubrano, who has long voiced support for Paterno and his family. He joined the board last summer with the backing of alumni critical of trustees who fired Paterno.
"It's important for us to address if we're going to heal and move forward," Lubrano said.
At the least, the football program that appeared to be in peril after the sanctions has regained its footing under Paterno's successor, Bill O'Brien. The former New England Patriots offensive coordinator conducted a masterful job leading Penn State to an 8-4 season and keeping most of the team together following the penalties.
"It was pretty impressive," said Terry Pegula, a proud Penn State donor and the owner of the NHL's Buffalo Sabres. "To be down there, in the middle of that, wasn't a good situation. Even the students were feeling bad. So Bill turned into the shining light in the whole thing. He had a lot of pressure on him and he did a heck of a job."
Al Pacino has been signed to play Paterno in a movie about the late coach. Producer Edward R. Pressman said last week that Brian De Palma will direct "Happy Valley," the tentative title of the film, based on Joe Posnanski's best-seller "Paterno," which followed Paterno's final years as his career ended with the sex abuse scandal.
Since the season's end in late November, questions have been raised again about the sanctions and Freeh's report. Gov. Tom Corbett — a trustee by virtue of his elected office — has sued the NCAA in federal court to have the sanctions overturned.
Lubrano and longtime trustee Alvin Clemens, who was on the board in November 2011, drew applause when paying tribute to Paterno last week.
The tributes at the meeting were appropriate, said trustee Paul Suhey, captain of the 1979 football team and another November 2011 trustee. He hoped there would be "a time when (the board) can honor Paterno more" after addressing lingering problems from the scandal.
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subset: commoncrawl


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Send Me Info
Tuesday, 18 March 2014
Thank you for your time and interest in Streettalk Advisors.
Information overload, volatile markets, seemingly endless investment choices and a 24/7 business day can be time-prohibitive for the average investor to independently invest wisely. That is why Streettalk Advisors has dedicated itself to helping you reach your goals rather than pacing some arbitrary benchmark.
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MaboroshiStudio wrote:25. some tired old dbag who still edits like he is using 2 VCRs
that is more like it!
Gene Starwind 21122 wrote:Also add Mr. Oni, (his brother) and DeRobert to the list.
OtakuGray wrote:Sometimes anime can branch out to a younger audience and this is one of those times where you wish children would just go die.
Stirspeare wrote:<Stirspeare> Lopez: Vanquish my virginity and flood me with kit. ["Ladies..."]
MycathatesyouAMV wrote:Mr Pilkington wrote: I feel I have to say this for the first time in *chough cough* a while, but please no cosplay or boomboxes at the restaurant. It just makes a hassle for the servers and general organization. I'm just Quoted Image converted to link:!
But I can make everything out of control and get everyone out on the floor so there's a bunch of old white people dancing....and Reggie.
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|Cognitive function in patients with Parkinson's disease undergoing stereotaxic thalamotomy.
MedLine Citation:
|PMID: 8778265 Owner: NLM Status: MEDLINE
|OBJECTIVE: To determine whether thalamotomy leads to cognitive disturbances in patients with Parkinson's disease. METHODS: A total of 53 patients with Parkinson's disease undergoing stereotaxic ventrolateral thalamotomy for tremor and rigidity were tested for cognitive functions before and after surgery. The cognitive functions investigated involved visuospatial perception and memory. verbal memory, attention shift, and executive functions including set maintenance and shift. A neuropsychological test battery was used that contained the Wisconsin card sorting test, Street completion test, Stroop test, a dichotic memory listening test, and a facial recognition test. RESULTS: Clinically, a good or moderately good effect on parkinsonian symptoms was obtained in 50 patients. The neuropsychological investigations showed that the patients were impaired compared with healthy age matched control subjects on most tests, showing slight improvement postoperatively on verbal memory and visuospatial perception. No major differences were found between tests before and after operation, and there were no significant differences between patients undergoing surgery in the right or in the left thalamus. CONCLUSION: The study indicates that ventrolateral thalamotomy does not reduce the cognitive capacity in this group of patients.
|M Lund-Johansen; K Hugdahl; K Wester
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Publication Detail:
|Type: Journal Article
Journal Detail:
|Title: Journal of neurology, neurosurgery, and psychiatry Volume: 60 ISSN: 0022-3050 ISO Abbreviation: J. Neurol. Neurosurg. Psychiatr. Publication Date: 1996 May
Date Detail:
|Created Date: 1996-09-19 Completed Date: 1996-09-19 Revised Date: 2010-03-24
Medline Journal Info:
|Nlm Unique ID: 2985191R Medline TA: J Neurol Neurosurg Psychiatry Country: ENGLAND
Other Details:
|Languages: eng Pagination: 564-71 Citation Subset: IM
|Department of Neurosurgery, University of Bergen Medical School, Haukeland Hospital, Norway.
Export Citation:
|APA/MLA Format Download EndNote Download BibTex
|MeSH Terms
Cognition Disorders / psychology*
Middle Aged
Neuropsychological Tests
Parkinson Disease / psychology*, surgery
Psychiatric Status Rating Scales
Thalamus / surgery*
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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by josh
i used the tap method, i take it out of the clamp and tap it lightly on the metal, might have to do a few, but it works and for me at least, no flux comes off.
Join in and write your own page! It's easy to do. How? Simply click here to return to Stick welding.


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Active Learning Opportunities
Quincy's focus on practical, hands-on experience is a distinct benefit of the learning process. In a Forensic Science concentration or minor, you will work in our laboratories conducting chemistry and biology experiments and research. Our criminal justice courses focus on real-world issues and activities, including analyzing fingerprints and evidence at a recreated crime scene. We also invite to class guest speakers who work in the field. Because of our close partnerships with the community, Quincy professors can work with you to find internships, where you will gain invaluable professional experience.


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Read more: Mixing Viral Content With Business Content - Whiteboard Friday | SEOmozA site can be a lot like a mullet: business in front, party in the back. How do you muss it all up and keep a site in style? Any given website naturally attracts a broad set of visitors, and herding that diverse audience onto the right pages is a huge undertaking (as you know, it's something to consider when doing site infrastructure SEO, etc.). This funneling gets even more difficult when there are some pages of a site that are pure linkbait, completely divorced from relevance to the rest of the site.
Do you mix viral content with business content?
I do something similar, but it is more a hobby than anything else and people love to read our articles.


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Welcome to the 201st Metamorphosis Monday! Hope you had a wonderful Thanksgiving! Recently, I was chatting via email with Maggie from the blog, Crunchy Diva. Maggie's been hard at work renovating her home and you're going to love her amazing staircase makeover and mudroom addition! Here's Maggie to take you through this beautiful "Before and After." Hi folks! I'm Maggie from Crunchy Diva and I'm … [Read more...]
Open Up a Staircase and Create a Fabulous Mudroom
November 26, 2012 by Susan 34 Comments
Filed Under: Before & After, Before & After Metamorphosis Monday, Entry/Foyer Before & After, Stairway & Hall Before & After Tagged With: Mudroom, Newel Posts, Open up staircase, Runner for Staircase, Staircase Renovation


text: Aug 26, 2008 REVIEW: Carry Me Home by Sandra Kring Jayne B Reviews/ B Reviews Category/ Book Reviews Historical Romances, Post WWII, Wisconsin, World War II Dear Ms. Kring, Jane often sends me packages of arcs and free books we receive at Dear Author. I think sometimes it's just to get them out of her house as I'm sure she's swimming in them. Many times I'll… more


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Alien Artifact Detector:
Complete all of the Arkvoodle Cult missions in Albion. This special item reveals any Ancient Artifact on your mini-map/radar (as a blinking red dot) when you are near one.
Burrow Beast Datacore:
Collect 30 Alien Artifacts and complete the final Arkvoodle Cult mission (in Takoshima).
Furotech Cell Detector:
Complete all Arkvoodle Cult missions in Takoshima.
This cheat is for when your in the saucer. If your about to run out of health, hurry up and find a landing zone! Once you find the landing zone, land. Once you land get back in the saucer and you will have full health and ammo. Repeat this as needed.(supplied by: Tyree Brown)
When you lift a vehicle and let go then use drain from really high,it will get blown up when it hits the ground. (supplied by: SNSGAMER)
Unlock Salad Days with Pox & Crypto Video Entry Location:
Pause the game and navigate to the "Archives" section, then hold down L3 and press X, Square, Triangle, Circle, Square, Circle, Triangle, X, X. (supplied by: revenge619)
Works in 2 player mode only. Have a person lay down and then when they get up both players do body snatch. If it doesn't work the first time, try again.(supplied by: lebarronsautosalvage)


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Creatine (CR) is a naturally occurring substance, produced in our bodies in the liver from the amino acids L-Arginine, L-Glycine and L-Methionine(1). Daily turnover of creatine occurs at a rate of ~2g/day via non-enzymatic, irreversible degradation of creatine and creatine phosphate to creatinine(2). Creatinine freely diffuses out of the cell and is easily filtered by the healthy kidney(3). This loss is normally replaced by endogenous CR synthesis, as well as exogenous (dietary) sources of creatine such as meat(4). However, vegetarians typically have lower levels of creatine in serum and muscle(5), and experience a greater elevation in muscle CR following dietary supplementation(6).
Due in part to its relatively large mass, over 95% of the body's store of creatine is found in skeletal muscle (~120g in a 70kg male(1)), where it participates in energetic processes to restore ATP and shuttle high energy phosphate in the form of CR phosphate from the mitochondria to the myofibrillar cross-bridges to generate muscular contractile force(7).
Because CR is a charged molecule(2) it must normally be transported across cell membranes by a CR transport protein, including that of the gut (for oral absorption) and skeletal muscle (for uptake into the cell)(8-11). Following a period of CR loading, all of a 5g daily dose of CR monohydrate is recoverable in the urine as CR or its degradative by-product creatinine(12), suggesting that in most individuals, absorption of creatine monohydrate is complete, at least at these doses.
However, anecdotal reports of gastric distress(13) suggest that some individuals may have difficulty absorbing CR in the amounts provided by a CR supplement. To aid in trans-membrane movement, ethyl esterification (akin to the acetylation of salicylic acid to make aspirin, a.k.a. acetylsalycylic acid) of drugs or other substances is commonly employed to bypass normal means of uptake, enhance bioavailability and reduce side effects(14). Although scientific investigation of the pharmacokinetics CR ethyl ester (CEE) is lacking, anecdotal reports of increased body mass without gastric discomfort are consistent with the abrupt weight gain noted in numerous research studies of CR monohydrate supplementation(15-22), suggesting the CEE does indeed make its way to skeletal muscle.
The ergogenic and anabolic effects of CR have been under investigation for m ore than a decade, with widely inconsistent results(23). However, taken as a whole the large body of literature suggests that supplemental CR can have ergogenic effects, especially during brief duration, high intensity exercise (such as resistance exercise) and in individuals who have low muscle CR levels, such as vegetarians, and those with abnormalities of CR metabolism(21, 24, 25). Creatine may also have an anti-inflammatory action(26, 27), aid in nerve re-generation(28) have an anabolic or anti-catabolic effect on skeletal muscle(29-32), although the literature is not consistent in this regard(33, 34), and/or prevent performance decrements during periods of high intensity training(35).
By aiding in muscular performance (training stimulus), affecting recovery via altering muscle protein metabolism or nerve function, CR would hypothetically enhance adaptation to exercise training, including the muscular growth adaptation to resistance training. The degree to which this occurs is likely dependent upon the degree to which supplemental CR increases muscle CR as well as body mass during the initial period of CR supplementation(36, 37).
Supplement Use
Individuals should consult with their physician before beginning CEE supplementation, especially those with pre-existing renal disease.
Adverse medical side effects of short and long-term CR supplementation are generally absent in the scientific literature(13, 23, 38-42), although individual cases of those experiencing reversable renal dysfunction in association with CR supplementation have been reported(43).
CR can be taken in doses of 2-5g / day to elevate or maintain elevated muscle creatine levels(12, 44, 45). Consuming CR as CEE may even lower the amount of CR needed for this effect.
CR supplementation improves blood lipid profile by elevating HDL concentration and reducing total cholesterol, LDL, and blood triglyceride levels(46, 47). CEE could be taken with with Alpha Lipoic Acid to enhance its uptake(48), as well as with carbohydrate to enhance glycogen synthesis(49). Taking CEE, along with Vitamin C, may reduce muscle soreness or inflammation(26, 27). CEE could also be used in a post-workout, weight gainer or carb-up drink along Alpha Lipoic Acid, arginine (to optimize nutrient delivery), waxy maize and/or other carbohydrate source, and a high quality protein or protein blend.
Creatine Monohydrate.
Packaged in heat-sealed foil pouches.
General Warnings
If you are currently pregnant or nursing, consult a physician prior to use. Keep out of the reach of children.
Allergen Warnings
This product is free from all forms of shell fish, tree nuts, yeast, gluten, salt, preservatives, lactose, and soy. This product is manufactured in a facility that handles soy, gluten, and milk products. Products ordered using Premium Flavor Systems will contain artificial flavoring and sweeteners. This product is manufactured in a facility that handles milk, soy, egg, peanut, nut, tree, fish, crustaceans/shellfish, and wheat products.
Volumetric Measures
Use the table below to approximate the gram equivalent weight for a given level measuring spoon (US Standard). Please note that accurate dosing should only be done with a recommended calibrated scale.
DISCLAIMER: The above description is provided for information only and does not constitute medical advice. Please consult your physician or the appropriately licensed professional before engaging in a program of exercise or nutritional supplementation. No information in this site has been reviewed by the FDA. No product is intended to treat, diagnose, or cure any disease.
1. Walker, J.B., Creatine: biosynthesis, regulation, and function. Adv Enzymol Relat Areas Mol Biol, 1979. 50: p. 177-242.
2. Wyss, M. and T. Wallimann, Creatine metabolism and the consequences of creatine depletion in muscle. Mol. Cell. Biochem., 1994. 133/134: p. 51-66.
3. Hoogwerf, B.J., et al., Urine C-peptide and creatinine (Jaffe method) excretion in healthy young adults on varied diets: sustained effects of varied carbohydrate, protein, and meat content. Am J Clin Nutr, 1986. 43(3): p. 350-60.
4. Harris, R.C., et al., The concentration of creatine in meat, offal and commercial dog food. Research in Veterinary Science, 1997. 62(1): p. 58-62.
5. Delanghe, J., et al., Normal reference values for creatine, creatinine, and carnitine are lower in vegetarians. Clin Chem, 1989. 35(8): p. 1802-3.
6. Harris, R.C., et al., Elevation of creatine in resting and exercised muscle of normal subjects by creatine supplementation. Clin. Sci.(Colch). 1992. 83: p. 367-374.
7. Bessman, S.P. and F. Savabi, The role of the phosphcreatine energy shuttle in exercise and muscle hypertrophy, in Proceedings of the 7th International Biochemistry of Exercise Conference held on June 1-4, 1988 in London, Ontario, Canada, A.W. Taylor, Editor. 1990, Human Kinetics Publishers: Champaign,IL. p. 167-178.


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Viewpoint: Are home-movers unwittingly underinsured?
Tips and tools to close the protection gap
Viewpoint: Stepping up the corporate fight against cancer
The benefits of self-referral
AMII Health and Wellbeing Summit 2015 - conference round-up
IPT, the NHS, the future of healthcare and more
Canada Life's Paul Avis: Are add-on benefits the key to boosting your group risk sales?
A chance to delight and surprise your employer and employee customers
Analysis: Fit for Work - how will it impact insurers, intermediaries and employers?
The government initiative in the spotlight
- Formal launch for Aetna International's new individual and group...
- A third of SMEs 'don't record absence sufficiently'
- Chancellor tackles fraudulent whiplash claims
- Jelf launches financial education courses for young employees
- Depression 'postcode lottery' revealed
- NHS to spend an extra £600m on mental health
- ActiveQuote MD receives second entrepreneurship award
- Social care funding raise 'doesn't go far enough'
- NHS waiting lists drive BMI Healthcare caseload up 2.3%
- Bupa raises stake in India subsidiary to 49%
- More than 85% of heart attack CI claims are from men, L&G stats show
- Young businesses urged to take out protection
"The protection industry needs to ensure its voice is heard very loudly in the FAMR debate" Peter Le Beau
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The Health Insurance Online Directory gives you free access to details of the industry's leading providers of health insurance and protection products and services.
Please click on one of the areas listed on the right.
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text:
- Filed Under
The day after the Senate passed its immigration bill in June, leading opponent Roy H. Beck convened his top strategists to discuss what went wrong and to plan ways to stop the bill from becoming law.
They brainstormed for 2 hours on how to derail any talk in the House of legalizing millions of undocumented immigrants - which Beck and his supporters view as unacceptable amnesty.
Beck heads NumbersUSA, perhaps the most powerful advocacy group opposing the immigration overhaul. Its political muscle comes from tens of thousands of devoted supporters who can be mustered at short notice to protest ...


text:
Internal Revenue Bulletin: 2012-18
April 30, 2012
Table of Contents
This notice announces that the IRS and the Treasury Department anticipate issuing guidance relating to the applicability of the normal retirement age rules to governmental plans. The notice describes the guidance under consideration, which -- (a) would clarify that governmental plans that do not provide for in-service distributions before age 62 do not need to have a definition of normal retirement age and (b) would modify the age-50 safe harbor rule for qualified public safety employees. The notice also announces that the IRS and Treasury Department intend to extend the effective date of the regulations relating to distributions from a pension plan upon attainment of normal retirement age for governmental plans. The notice includes a request for public comments. Notices 2008-98 and 2009-86 modified.
|More Internal Revenue Bulletins


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Find the Right Hair Bun for You view
15 Carefree 'Do's for Your Stylish Teen view
13 Reasons Why Sonequa Martin-Green Is Our Hair Crush view
These 10 curly crowns are our top picks for fly style.
Where: The DIESEL + EDUN Studio Africa event at Ron Herman Melrose in Los...
Where: The DIESEL + EDUN Studio Africa event at Ron Herman Melrose in Los Angeles, California.
Why: Solange has always been a fan of showcasing her curls, and we're loving this free-flowing fro.
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text:
— The planned main event for Wrestlemania 30 next year April from New Orleans is The Rock vs. Brock Lesnar.
Paul Heyman alluded to the blockbuster match on Twitter this week, writing,
I hear @therock has committed to@wwe #WrestleManiaXXX, and boy do I have an opponent forhim!
— Paul Heyman (@HeymanHustle) February 18, 2013
— WWE has been purposely keeping Brock Lesnar and The Rock away from each other as best as they can, although they will both be on RAW together the week before and after WrestleMania 29.
— Brock Lesnar has signed the two-year contract extension that we noted was previously offered to him. This would keep Brock Lesnar in the company through WrestleMania 31.
Wrestlemania 30 Attendance:
– The all-time attendance record for the Mercedes-Benz Superdome is 78,344 for the 1997 Sugar Bowl game, however the building has been reconfigured since then. A sellout for the New Orleans Saints football team is 73,209. For a WrestleMania, since so much of the stadium is blocked off for the stage and other production equipment (more than what they make up by having seats on the field), a legitimate estimate of how many fans they can accommodate will be around 65,000 fans. WWE typically exaggerates the WrestleMania attendance by up to 10,000 to announce they have broken the venue's all time record.


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We are a professional Store, we supply Runescape2 gold, someone may call it Runescape Money, or GP (Gold Pieces). Not only this, We provide some items in Runescape 2, Such as Yew logs. And we will supply more items for you. All we do is just for your best experience in games. ^_^
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text:
Buoyant Market
by Barry Ritholtz - October 13th, 2009, 12:00pm
This is one tough market to keep down.
But I want to reiterate that I do not believe that this is Mr. Market anticipating a full economic recovery (and I see Mish agrees).
As noted last week, we can look at this in two distinct phases: Part 1 was the typical recession bear market — from late October 2007 to early September 2008 (pre-Lehman). That was down from 14,200 to about 11,500, and lasted about ~10 months.
Phase II was the world ending, economic system collapsing, 5,000 point fall from 11,500 to 6,500 over the next 6 months.
I believe — or at least rationalize after the fact — that the rally off of the lows reflects the unwinding of that 5,000 point anticipation of Armageddon.
Recession Bear Market vs Armageddon ?
What Does the Economy Have to Do with the Market? (October 6th, 2009)
The Most Hated Rally in Wall Street History (October 8th, 2009)
Category: Markets, Psychology
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
77 Responses to "Buoyant Market"
DeDude says:
I agree that since the stimulus package was passed the armageddon scenario lost credibility with all but the most diehard bears. Question then is what exactly is Mr. Market pricing into the future right now. A double dip, a slow L-shaped recovery or a quick V-shaped recovery?
SINGER says:
Did Armageddon happen? Let's say that their were no bailouts or expansion of Fed balance sheet, etc. What would the the S&P500 look like now???
I'm trying to figure out if we: a) avoided armageddon or b) experienced armageddon but were saved by gov. intervention?
Is it even possible for any market to go down when the amount of stimulus, low rates, QE, bailouts happens on a global scale?
If the market overshot 450 points to the downside because of the " anticipation of armageddon", than perhaps forecasting is far more imprecise and the market is even more volatile than almost anyone previously imagined.
Thor says:
Key phrase here:
"at least rationalize after the fact"
If the market ends up falling off a cliff again I wonder how many economists and bloggers are going to say they knew it was going to happen all along.
Bruce in Tn says:
I still think the kid in the Big Red One is right. Debt has killed us….
We've increased worldwide debt…by transfer to the taxpayer.
The fed says no rate increase until joblessness declines….
Joblessness will not decline in 2009.
Therefore we will see increased government debt.
If this is going to work out for our equity market in the long run, then why didn't the Japanese return to the highs of the Nikkei after 1990? Are we different than they are? The similarities have been discussed innumerable times, yet easy money in Japan didn't put the horse back in the barn…
HarryWanger says:
Yes, Barry, you are right on. We were pricing Armageddon and it didn't happen. Now, as you so aptly pointed out and I've been saying on this forum for months, is that we will be fairly priced at 11,500. Exuberance will take us higher, however to the 12,500 area before a pullback.
kcowan says:
The chart looks to me like it has recovered from the panic selling and reached where the recession line would have reached without it. So unless the recession is over, it seems that it will resume its downward trend but be less severe and might start "bottoming out" in anticipation of a recovery.
call me ahab says:
yeah BR-
just your typical recession-
i guess collapse of Lehman and Bear Stearns, Freddie Mac, Fannie Mae, Wamu and Countrywide and total shut down of securitization is pretty typical of most recessions- massive debt – including 1.4 trillion current deficit- no big deal- just like all other times we had a bit of a dip-
good call BR-
keep up the good work
b_thunder says:
Sorry, your argument gets a "Conviction Sell" from me
What you describe as "typical recession bear market — from late October 2007 to early September 2008 (pre-Lehman)," IMHO started on May 9-10, 2006, but was PREMATURELY ABORTED by the incredible, unstoppable and UNPRECEDENTED orgy of leverage buyouts and stock buybacks (assisted by the Fed policy and SEC incempetence policing derivatives, CDOs and SIVs) between Jul 2006 – Oct 2007.
Let me explain: In May 2006 the DJIA was around 11700. Q3-2006 was when econ. growth peaked, profits and profit margins largely reached the highs for this cycle, and real estate rolled over in most locales; when John Snow was forced out and Henry Paulson "parachuted" from The Street to DC. Market correctly predicted the Q3 net earnings "top" and sold off in May. The market bottomed around 10700-10800 and rallied from there (thanks to Hank Paulson @Co.) The gains of late 2006-2007 were 0% economy/profit driven, and 100% leverage/buybacks driven. The net earnings didn't matter (just like now.) The EPS were "juced" by buybacks and money was flowing from Banks to PE firms and then back to the market.
What BR describes as a "typical recession bear market " from 14200 to 11500 IMHO is the process of undoing the Paulson/Bernanke/PE/Buybacks/leverage bubble of 2006-2007. The 11500 mark is the highs of 2006, it's nowhere near what the bottom of what should have been a "normal" bear market following the 2003-2006 "bull."
IMHO, perhaps the 5000-poing post-LEH panic selloff was excessive, but there's no way that 11500 was the "typical recession bear market" bottom. That "bottom" IMHO is somewhere between 11500 2006 "typical" cycle peak and 6500, possible cycle low.
b_thunder says:
P.S. That doesn't mean one shouldn't have participated in the 2006-2007 "bull" market – of course one should have! But one should've been aware of what kind of "bull" that bull market was made off, and exited it at the 1st signs of trouble (Bear funds, Barclays writedowns, etc)
Mannwich says:
@b_thunder: Great analysis. I'm with you on this one. This rally is mostly the result of money machinations and transferring corporate losses by our gov't to the taxpayers of the nation. It's a MASSIVE transfer of wealth, basically theft, from the many to the few. Nothing more, nothing less.
Myr says:
@ call_me_ahab,
I would add: (1) government guaranteeing all money market funds, (2) $24 trillion of support for the finance sector, (3) trillion dollar deficits as far as the eye can see, (4) Goldman, Morgan, Merrill, Citi, BoA, and GE all saved from bankruptcy by the Fed/Treasury, (5) QE of $1.3 trillion and counting. It's really just a typical recession.
This is no ordinary rationalization by Barry…it's the mother of all rationalizations.
rootless_cosmopolitan says:
How do you define "Armageddon" in this context? The market low for the S&P 500 in March was at 666 or so. This implies about 40 to 50 dollars annual reported earnings, assuming an P/E ratio of 14 to 16. What does this have to do with anticipating "Armageddon" and economic collapse?
I don't agree with "typical recession". It's a debt crisis that hasn't been solved yet, only painted over. The mountain of debt in the system is still higher than before the Great Depression. This is a very different economic context compared to the other recessions after WW II. The debt crisis is not over yet, despite maybe getting a few quarters of GDP growth due to unprecedented deficit spending by governments all over the world.
Mannwich says:
Me-thinks that Barry is making big dough on this rally, hence the rationalizations. Sorry Barry, gotta call 'em like I see 'em here.
Harry Wagner says:
Why Mannwich if you had been buying the upswings and selling on th 1-2% dipps, you would be making money off of this HOG economy too, isn't it nice to hear it start roaring to life mini boom-Boom-BOom-BOOm-BOOM.
Now come on Mannwich get on the HOG and take it for a ride.
Super-Anon says:
I don't think it's useful to justify price levels because they haven't been justifiable since the mid-90s (with maybe the brief exception of this March).
I think you have to view the market in terms of the leveraging and deleveraging of an economy dominated by bubble producing industries.
I.E. there's no justification of stock prices in any absolute sense — stocks are simply a tool now used to loot the wealth of "mainstream" investors who aren't as mobile or as informed as the folks doing the looting. The fluctuation of prices is what's relevant to the extent that they facilitate the redistribution of wealth.
I say this partly as a critic, partly as somebody who is actively trying to benefit from this redistribution.
gloppie says:
Bring on the locusts !!!
Super-Anon says:
How do you define "Armageddon" in this context? The market low for the S&P 500 in March was at 666 or so. This implies about 40 to 50 dollars annual reported earnings, assuming an P/E ratio of 14 to 16. What does this have to do with anticipating "Armageddon" and economic collapse?
Yep. A 1982 type low which was hardly "armageddon" and occurred during a less severe recession would have taken us to something like 350-400 (I forget the exact numbers).
Monetarism has destroyed the utility of the markets as a valuation mechanism and hence their utility to the real economy.
Now they are only useful for socioeconomic parasitism.
Mannwich Says: October 13th, 2009 at 12:54 pm
@b_thunder: Great analysis. I'm with you on this one. This rally is mostly the result of money machinations and transferring corporate losses by our gov't to the taxpayers of the nation. It's a MASSIVE transfer of wealth, basically theft, from the many to the few. Nothing more, nothing less.
rustum says:
Everything looks spot on in hindsight.
Mike in Nola says:
I understand what you'rew sayng, but according to most rational people including you, Rosie, Mauldin and Mish, nothing has really been fixed and the Fed has created enormous problems in avoiding armageddon last year. On top of that, China has created huge bubbles with its stimulus. What are the consequences of that? It seems like the CB's have just put things off and set the stage for Armageddon II.
Manny: of course BR is making big money off this rally. Wish I had listend to him.
Mannwich says:
@Mike in Nola: My point is that those who are making big money off this rally and doing OK are the ones who rationalize that maybe things aren't as bad as we thought the were. Well, of course they're not bad for THOSE people but what about everyone else who doesn't have much or any money in the markets and didn't time this rally correctly? What about those people? This is where I think the pundits (even Barry here) are missing the bigger picture – the fact that nothing has been solved. Things may be just peachy for YOU personally, but I believe this may cause many in that elite group to lose sight of the big picture because the hardships this nation is experiencing is out of THEIR sight, thus out of THEIR mind. Off to the Hamptons they go in their new ride. All is well, right?
HarryWanger says:
Barry, be careful, you might lose your readers. The doomer crowd seems pretty upset that you're not calling for collapse pt. II. They can't get it through their heads that basic economics say we're in a recovery and a pretty strong start of one at that. Seems like I'm the only one that agrees (maybe a couple of others who aren't posting today) – at least we'll continue to make money.
dss says:
This rally has served many purposes. Does anyone really think we have hit bottom in the economy? I see signs of an echo recession in my town. There was the first drop off the cliff when the shit hit the fan last year, many homes for sale, for rent signs in the shop's, big corporate businesses closing. Now one year later I am seeing even more homes for sale, complete devastation in our little affluent downtown, many more white collar folks out of work, talk of depleting savings, and also talk of how the stock market rally makes people feel better, even as their home's value continues to plummet. Those who are recession bullet proof are very quiet as the suffering around them gets worse, not better.
A stock market rally, or less worse numbers in consumer confidence, housing, employment, or manufacturing doesn't erase the trillions of national debt, the trillions of consumer debt, or bring back tens of millions of jobs needed to grow this economy and service the debt.
Recovery will not happen until the debt is written off, paid off, or inflated away. Money spent servicing the debt is money that is not spent on consumer goods.
IMHO, I agree with BR, but I also do not see any meaningful recovery. The stock market is not the economy! The pendulum over swings both ways. Can this rally continue? Yup.
rootless_cosmopolitan says:
Harry Wanger,
Where is this great recovery coming from, which you are predicting with so much confidence? For the last 30 years it has needed a doubling of private debt every decade to get economic growth in the expansion phases of the business cycle. Please explain what is going to fuel this great recovery. Will it be another doubling of private debt, i.e., will households and businesses load on their balance sheets another 25 trillion dollars of debt (this would be the number based on the current debt levels w/o the financial sector) over the next decade?
What about some analysis instead of permanent posing? Or am I asking too much from you?
km4 says:
The Triumph of the Banking Oligarchs will continue until enough Americans wake up and/or take action on a dysfunctional economic system dependent on increasing debt, faux GDP growth, ponzi schemes and bubbles with politicians on both sides kicking the can down the road.
call me ahab says:
also BR-
make sure you get on your knees and genuflect towards 20th and Constitution- the almighty Fed made it all possible-
and remember- follow the big bank's lead- they have chokehold on the markets- and will make money even as the propsperity of the whole country is extinguished-
and this country- who cares– what the fuck's it good for anyway- might as well make some money on the way out
HarryWanger says:
rootless: I have been asked this for weeks now and I've replied with detailed responses regarding economic growth here and globally. I've posted ad nauseam regarding job growth. If you haven't read those responses, please just look at the economic numbers coming out now for the past month or so. That should sufficiently answer your questions.
HCF says:
True, perhaps armageddon is off the table, but we are trading one calamity for potentially a much larger calamity down the road… So if we didn't prop up the banks with trillions of dollars of preferred investment, asset backing, supporting the money markets, QE, stimulus, etc., then WE WOULD HAVE ALL DIED??? No, we would not have… INVESTMENT BANKS would have died! Correction, LARGE investment banks would have died… Fuck them… I don't see a huge benefit from them anyways. Plenty of commercial banks would have been fine. Plenty of boutique investment banks would have been fine. Plenty of hedge funds would have been fine. Yes, the recession would have reached a much deeper nadir than we saw, and it might FEEL like the world is ending. But the system would be flushed out, and we as a society would know where the weaknesses in the economy are and actually work to buffer our system from future shocks.
As far as I am concerned, the zombie banks are basically giant turds that are stuck in the anus of society…
worth says:
As dicey as this "recovery" seems, the prospect of the resumption of this particular recession is still not what I most fear.
What keeps me up at night is simple math: boomers going away. All of those bi-weekly 401k contributions, by all of those people at their earnings peak, hitting retirement age – or, more accurately, being unceremoniously "early retired" against their will in their early-mid 50′s. I saw my own parents go from huge contributors to withdrawers 10-15 years before they should have, and that was before this carnage transpired.
Where's the rising tide going to come from that will lift all stock market investment ships? It ain't China: they will go the way of the Soviet Union, who, overnight, went from "the threat behind the iron curtain" to the biggest economic shambles the modern world had witnessed. We don't know what's really going on in China, but when the dust clears, there will be lots of shiny new infrastructure and no consumption to drive real economic growth. I could go on, but why?
leftback says:
Saved by Zero! But for how long….?
"please just look at the economic numbers coming out now for the past month or so."
Tepid data, Harry, really – in the face of MASSIVE stimulus the like of which the world has never seen. Hmm…..
Remember when the prop desks want to sell, all the happy talk in the world ain't gonna keep this sucker afloat.
Banksters are still the 800 ton steamroller here, playing with government liquidity. Don't be in the way when they decide to turn around, Wangster.
HCF says:
>HarryWanger Says:
>rootless: I have been asked this for weeks now and I've replied with detailed responses regarding economic growth here and globally.
Translation: "The rally is only because of relentless pumping of money into the system, but I don't care, because it means the Dow is going to 11,500 by year end and my Apple shares are going to $250 lickety split!"
HarryWanger says:
HCF: I guess you didn't read any of the detailed numbers I posted previously. Regardless, we're going to 11,500 EoY on a mini economic boom. And yes, my AAPL is going to $250 within 6 months.
Harry Wagner says:
HCF – The economy is on the mends and headed toward mini-booms, because of astute market fundamentals, with shallow, pull backs then sharp gains, if you people would have the foresight and wishdumb to understand this you people could be helping us recover instead of all your non-sense doom and gloom.
I mean jeez, I have posted and posted and posted and used succinct and direct arguments that none have been able to refute, and if you follow the indices correctly it would be easy – peasy for you also.
drey says:
Here's another possibility, Barry:
The March low CORRECTLY priced in Armageddon and the rally since is a product of massive stimulus, low bond yields, and a euphoric sense that we avoided disaster which is utterly disconnected from economic fundamentals.
Granted this could (and probably will) last a little longer but anyone who goes into the new year unhedged is playing with fire and deserves to get burned, IMHO.
Lots of unfinished business on the downside…
Super-Anon says:
The March low CORRECTLY priced in Armageddon…
Stocks are just legal contracts. Somewhere long before you get to Armageddon you get to the dissolution of the government and the legal contracts issued under them. In other words, sufficient political instability can render stocks worthless long before you get to a Mad Max type scenario.
speaking of: "This is one tough market to keep down."
who likes fading the GOOG Oct 520p @ ~11.70, ahead of earnings on Thurs.?
the 500s look like lay-ups..@ 4.60
though, remember, the cover is to Short the underlying..
another way 'round is to buy the 490c and sell the 540c @ a net debit of ~28.50..
and, that, too, could be coupled w/ the p sale..
rootless_cosmopolitan says:
Harry Wanger,
"I have been asked this for weeks now and I've replied with detailed responses regarding economic growth here and globally."
I haven't seen any. Please post some of the links to these detailed responses you allegedly have brought here. This is possible in this blog and it should be easy for you to find some of them, then. Or you are just lying now.
"I've posted ad nauseam regarding job growth."
There hasn't been any job growth for a while. Job eliminating currently going on has been w/o example after WW II, though. What is supposed to follow from this? Or are you predicting great job growth like you boldly predict everything else w/o any explanation, probably from reading your crystal ball? Predicting job growth doesn't explain where it is supposed to come from.
"If you haven't read those responses, please just look at the economic numbers coming out now for the past month or so. That should sufficiently answer your questions."
The improved economic numbers for recent months can be clearly linked to recent unprecedented deficit spending by governments. But what numbers that have come out recently are particularly supposed to answer my question in what way? I wouldn't know. Please explain.
Bruce in Tn says:
Wasting your time…I will say that my main complain here is that the government seems to not realize that debt creation may not solve the problem…but I am getting fatigued about this affair, since it is 13 months since the "crisis" began.
I haven't the slightest doubt that we haven't fixed the problem. Not one.
Posted this a couple of days ago, but if you missed it, it is worth pondering….
Obama's permanent depression
impermanence says:
Barry writes:
"I believe — or at least rationalize after the fact — that the rally off of the lows reflects the unwinding of that 5,000 point anticipation of Armageddon."
Barry, you very clearly delineate your point of reference. If you are using the term, "Armageddon," in the biblical sense, it's unlikely that such a cosmic event would occur. But, there are small armageddons going on all over the place. Millions umemployed, millions losing homes, massive bankruptcy, etc.
Like most people living in sheltered environments, you seem to miss the calamity slightly out of view. When you add up all the human pain/loss that has/will come down on account of this little economic event, it will be enough Armageddon for us all.
I realize that you probably live a privileged life, perhaps completely of your own doing, but sometimes you write as if you forget the millions who do not.
Thor says:
Agree with Bruce – Rootless, you're wasting your time.
worth says:
Bruce, thanks for the Asia Times article reference.
It contains multiple mentions of the retiring Boomers problem that we're facing, which gave it added credibility. When you go from contributing $20k/year, plus a corporate match, to withdrawing $50k a year, plus an early withdrawal penalty, and doing that for 10-15 years because you were put out to pasture when you were 52, times a whole lot of people for the next 20 years, that will [continue to] make a dent in the market.
Right? Gens X & Y, already, believe that they won't get anything from SocSec, but, it seems, they haven't put it together re: 401(k)-onfiscation) acct.s..
http://www.thefreedictionary.com/confiscation see def.#2
note, re: above GOOG synthetic longs
Arthur Levinson resigned from the board of Google Inc. under pressure from the Federal Trade Commission, which is still "investigating" Google and Apple Inc. for having "overlapping" directors. Levinson and Google CEO Eric Schmidt previously served on both the Apple and Google boards. Since the FTC views the two companies as direct competitors, the agencies believe Schmidt and Levinson's double-service violated the Clayton Antitrust Act.
FTC Chairman Jon Leibowitz gloated over his latest victory:…"
a longer-run, potential, 'fly-in-the-ointment'
funny how the FTC can get 'all Clayton Anti-Trust Act' on GOOG/AAPL, but are silent on the TBTFs/AIG, et al..
[...] S&P 500 "This is one tough market to keep down," FusionIQ CEO Barry Ritholtz opines. "But I want to reiterate that I do not believe that this is Mr. Market anticipating a full [...]
ben22 says:
This idea of Armageddon was dumb the moment it came out.
Isn't Armageddon supposed to be a final battle? Was the GD considered Armageddon, and if so, how did we manage to go on afterward?
This will get all of us about as far as the whole is this GDII or just a Great Recession conversation. That is to say, it's a waste of time. None of these terms actually matter.
Trying to have an adult discussion with someone named Harry Wanger, or HarryWanger, the same person that said this:
"I don't quite get the credit contraction's role in this economic recovery. "
Is an equal waste of time. Though, maybe only one of them said that, who knows….who cares.
HCF says:
>I mean jeez, I have posted and posted and posted and used succinct and direct arguments that none have been able to refute
I'm glad that Harry Wagner makes so much more sense than Harry Wanger…
Will the real slim shady please stand up?
Graphite says:
I don't really get the constant reference to "Armageddon" and "the end of the world" in the context of precipitously falling equity prices. Even after huge, 90%-plus crashes such as the South Sea Bubble burst and the 1929-1932 liquidation, the sun kept coming up in the morning. Of course, our modern conceit is that the policymakers of those times were complete rubes, and our wise overseers now know how to prevent such outcomes. We'll see.
And as others have pointed out, the 666 March low in the S&P was really not that much of an "Armageddon print" on a valuation basis. It only brought us back to the levels of the mid-late 1990s, which were arguably bubble valuations themselves, and in the context of a much healthier economy than we have today.
HCF says:
@Harry Wanger:
> I guess you didn't read any of the detailed numbers I posted previously.
I have read pretty much all your posts. The "detailed numbers" consist of manufacturing and sentiment numbers coming in slightly above 50 (mildly expansionary) and employment and earnings coming in at "less bad than expected."
leftback says:
LB can hardly tell the difference between the real Wanger and the ersatz Wagner. Hilarious.
Andy T says:
Yeah, just a typical recession….no issues here at all….
Funny stuff….
call me ahab says:
Graphite Says-
"Of course, our modern conceit is that the policymakers of those times were complete rubes, and our wise overseers now know how to prevent such outcomes. "
truth in that- as if accounting tricks will solve the problem and QE and the FED's ballooning balance sheet are the cure for what ails us
also – I take offense to the word "buoyant"- as if all is "happy" and "good" w/ the market-
well "gosh darn"- just can't keep a good market down-
when in fact "manipulated" and "fabricated" would be more accurate terms
batmando says:
Bruce in Tn at 3:12 pm
links to http://www.atimes.com/atimes/Global_Economy/KJ06Dj04.html
which contains what Harry can't see or refuses to address:
"In short, the rise in US stock prices has less to do with economic recovery than with the drop in the global price of American assets. The dollar can only fall so far, however, because other currencies can only rise so far before a rising currency parity damages competitiveness. "
leftback says:
"The dollar can only fall so far, however, because other currencies can only rise so far"
Thank you! This is what the ALL-AMERICAN BULLS can't see because they are myopic and know nothing about macroeconomics. It's just stocks going up, lead by the indices, so who gives a flying one about Asia and Yoorp?
Do you think HARRY would know what a "leveraged dollar carry trade" was if he saw one?
Probably not – he won't understand any of this until it unwinds and the reversal knees him in the goolies.
Mike in Nola says:
For those dumping on Barry for allegedly buying into the recovery and for those like Harry who have bought into it, please reread Barry's post from the 6th on the ability of the securities markets to be completely disconnected from the "reality" of the economy. I don't think he's buying into a recovery, but he's willing to make money off the irrationality of the markets. As he said then:
"Such is the result of giving two million primates lots of money and keyboards and a belief they can make a living based on numbers and letters moving around — on a screen, in a futures pit, on an exchange floor, or even under a buttonwood tree."
dss says:
It is better to ignore those who operate under delusions of grandeur or infallibility. HW reminds me of a brother-in-law who watches a PBS documentary on volcanos and then based upon the immense knowledge gained through watching said documentary, now a proclaims himself to be a volcanologist, expounding on theories he doesn't understand and makes proclamations that have no basis in reality.
Or the other brother-in-law who bloviates about subjects that he has no real knowledge of and then bullies those around him who are much more learned and intelligent because they ignore his rantings.
Truthfully, I believe that HW is a very young man (only the most immature male would pick such a ridiculous name and he obviously delights when he gets people to repeat his little joke) who is just young and stupid enough to believe that people have been fooled into believing he is a stock market expert because he can actually post his thoughts here on a serious blog, and gets seriously defensive when called out on his lies, misstatements, and omissions.
batmando says:
That with which Americans in the real economy are not prepared to deal (psychologically, financially or otherwise) is what "a rising currency parity damages competitiveness" will mean for their standard of living in the interim. No consumer-led recovery for sure.
Daffyorbugs says:
Here's my theory–Harry is Barry! I gotta agree with 'em.
Daffyorbugs says:
I'm thinkin' Harry-Barry owns some intc.
Onlooker from Troy says:
I'd also like to voice my disagreement with the notion that the March bottom was pricing in "Armageddon" or any such thing. Valuations were not anywhere near previous extreme bottoms. Only in the context of the last decade plus of extremely rich valuations was that a "cheap" market. Of course the market doesn't move in straight line for that long, but if the govt and the Fed hadn't turned on the giant easy money hose and thrown billions and billions at the banks the market would have continued down to more rational levels of valuation. But we don't do pain for our financial oligarchy here. We just can't have that.
Onlooker from Troy says:
And there's also the complete denial in the accounting business that ignores the losses and assumes and hopes that all will be well again.
JasRas says:
To say we have avoided anything at this point is still a pretty audacious comment. We experienced a terrifying panic Feb-Mar of this year and through a number of things the abyss is not what happened. Regardless of size or duration, this is still a "classic" low quality relief rally. The lowest quality companies with the highest debt loads bounced the hardest on the relief and hope that we are now "through" with this horrible episode. The next stage will be the slow drip of harsh reality. Will we ever test the low of March? Don't know, don't care. I will guess that we still go higher as the retail client base is still running to bond funds. (ie. the "wrong way") They'll get frustrated–if the market continues an upward trajectory– and go back to equities. Then the market will bleed down after it has captured the maximum number of victims. That's just the way it works. When your Grandma finally decides to stop rolling CD's and buy anything equity related–you are screwed.
Before we're screwed we have to see the market rotate away from low quality and try to transition to higher quality. Maybe we'll get a Nifty Fifty effect! Oooooo that would line up with all those working off a 1970′s analog! Oh who knows—but crap leads the initial bounce–in the end it languishes. Haven't seen that just yet. Remember tech had a massive bounce during the tech wreck before continuing a fall down to the lowly levels it has been stuck at for most of this decade.
wunsacon says:
>> …reminds me of a brother-in-law who watches a PBS documentary on volcanos and then based upon the immense knowledge gained through watching said documentary, now a proclaims himself to be a volcanologist,
That's better than my BIL. He watches Star Trek and now claims to be a Vulcanologist.
leftback says:
They didn't get a Bonfire of the Vanities bond market breakdown in Japan in the 1990s, the dead cat Nikkei bounce burned out and investors rotated back into JGBs sending yields to very low levels and burning the arse of many retail and institutional bulls. Why should we be any different?
Why does everyone think we will have inflation? Look around, are we listening to the Yes album, wearing big Afros and platform shoes? Is this an alternate universe?
Who ya gonna believe? Dave Rosenberg or Larry Kudlow?
Mike in Nola says:
"LB can hardly tell the difference between the real Wanger and the ersatz Wagner. Hilarious."
Do you see that many Wangers? :)
leftback says:
LOL. Lately there are more plonkers on this site than one can ever remember.
dss says:
Yup. We all know that type.
Dunno why the inflation trade is going wild. It is deflation as far as my eyes can see. I will know we are reflating when a. the big spec house down the street gets sold after 4+ years and counting. b. when restaurants stop going out of business in my area c. when the number of rented store fronts exceeds the "for rent" store fronts. d. when one of the b-i-l actually gets a real job instead of watching PBS all day.
Thor says:
DSS – That sounds like where I live. Where are you? ;-)
franklin420d says:
@Thor – Sounds like DSS could be from "AnyTown" USA
jc says:
It's time to party like it's 1930!
jc says:
Nothing about this market and the coordinated governmental actions the past couple yeras has been anything like an ordinary recession/bear market
call me ahab says:
unless your initials are BR
Thor says:
Or HW
JasRas says:
I guess it is helpful to have a belief of what may happen, but I think we all perhaps need to be more like BR and manage our assets based on what the market is now, not what it might be at an unknown point. He's been long and strong through this "ridiculous" rally of over seven months. He successfully separates the economic data and research he sees from the decisions he makes for market involvement. The are few times when it all makes sense–most of the time it is just plain frustrating trying to reconcile it–because it can't be until it wants to be. And that is after almost everyone has given up.
catman says:
All – Of course BR is making big money on this rally. He's agnostic and needs a couple of new cars. HW is poking the bears with a stick and getting snapped at, but hey, somebody has to put sand in the oyster… Market isnt a monolith – hedge and prosper – can we get a hand signal to go with that? More that one finger please.
dss says:
Chicago area. Some suburbs are doing better than others. Mine is or I should say "was" fairly affluent. I am sure that the most of the big wigs are still doing ok, but the rest seem to be struggling. It feels like one of those bombs that only kill people went off down town. The house that is for sale is only one of many in my town, but it is the most egregious in terms of price and time for sale.
Mike in Nola says:
Had occasion to get lost in the Houston tunnel system under downtown a few days ago and was shocked at the number of For Lease signs where there had been businesses n the tunnels a year ago. Same houses are still for sale nearby. Big oversupply of luxury apartments being discounted.
Of course, the hucksters haven't given up. I've seen several real estate seminars with Trumps name on them. There's a guy who's projects never go bankrupt. Apparently they just use his name. Here's a description of a recent one:
constantnormal says:
Definition of "armageddon": when Harry Wanger buys the dips and is repeatedly given a severe haircut.
The trading graveyards are filled with those who considered themselves invulnerable to the chaotic movements of the markets.
Kinda like the guy who says, beer in hand, "hey y'all, watch THIS!"
He may amaze his audience for a while, but eventually they'll wince and say, "Ewww".
HarryWanger says:
Meanwhile the doom squad, you all know who you are, are hit with smack in your face blow out Intel earnings. Of course you'll all say they're meaningless/rigged/manipulated/cooked because it doesn't fit your way outdated doomsday scenario. Just remember who called this mini economic boom, that we're now seeing in front of us all the way to your moldy bunkers in Nebraska somewhere.


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Knoxville (WVLT) - It's been two weeks since Knox County parents and students have had access to Parent Portal.
It's an online gradebook that allows families to monitor a student's progress.
WVLT Volunteer TV's Liz Tedone brings us an update.
Parent Portal is designed to keep students and parents plugged into the classroom, literally.
The online gradebook keeps track of everything from grades and homework assignments to attendance and disciplinary action.
Since parent portal was launched two weeks ago, more and more parents are logging on to the tune of 1200 per day.
There's been a learning curve for all involved.
Gail Byard with Knox County Schools says, "Some of the parents have had issues with an older browser. We've received 100 emails and 100 phone calls a day."
Parents can download Firefox or Internet Explorer 7 for free.
Changes have been made to the home page to make it more user friendly.
And teachers who are not accustomed to computer records are having to play catch up.
Byard says, "What we're finding is that the communication piece is very powerful for parents and students."
While there's no research indicating that online grade books help with boosting a school's performance overall.
Byard says "At my house, my 8th grader, we've certainly benefited from the information. Because we can go online together and monitor what the assignments have been, what grades he's earned and what's coming up. It's been very valuable."
Parents must get their Parent Portal log-in and password from the school.
Several Knox County schools are still distributing the information.
Meanwhile, more than 53-thousand dollars has been deposited to the schools online lunch payment program called Paypals.
Paypals can be set up at any time by parents to put money in their child's school lunch account.
For more information, click the links.
While WVLT allows comments on articles, we ask that you respect the online community. Comments may be removed at any time for violations including:
Comments may be checked for inappropriate content or rule violation, but the station is under no legal obligation to monitor or remove comments. If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
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खज्जल (Khajjal) meaning in English :
Get detailed meaning of Khajjal in English language.This page shows खज्जल meaning in English along with definition,translation and usage.This page provides translation and definition of Khajjal in English language along with grammar, synonyms and antonyms. Answer of question : what is meaning of Khajjal in English dictionary? खज्जल (Khajjal) ka matalab Angrezi me janiye ( खज्जल का अंग्रेजी में मतलब )
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You Can Only Delay, Never Stop, The Space Invaders
It's been 30 years since Space Invaders started, but the game is making a huge comeback. This year we'll see both Space Invaders Extreme for the Nintendo DS and PlayStation Portable, as well as Space Invaders Get Even on the Wii, which lets you take control of the invading aliens and have them smash up cities. Like a… »


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Get an all-inclusive entertainment package at the annual McAllen High Choir Dinner Show at 6:30 p.m. Thursday, Jan. 19, through Saturday, Jan. 21, and 1:15 p.m. Saturday, Jan. 21, at Holy Spirit Church in McAllen.
A donation of $20 will cover the cost of dinner and a night of entertainment from the McHi choir singing standard classics, such as "Stardust" and "Georgia on My Mind." The matinee cost is $10.
WHEN: 6:30 p.m. Thursday, Jan. 19, through Saturday, Jan. 21; 1:15 p.m. Saturday, Jan. 21
WHERE: Holy Spirit Catholic Church, 2201 Martin Ave., McAllen
COST: $10, matinee; $20, evening performances
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Funeral services for Helen Poole Hawkins, better known as Grandma Helen, 90, of Demorest, formerly of Gainesville, will be held at 2 p.m. Saturday, Dec. 10, at Timber Ridge Baptist Church with the Rev. Billy Poole, the Rev. Kenneth McEntire and the Rev. Alvin Burns officiating. Burial will follow in the church cemetery.
Mrs. Hawkins went to her heavenly home to be with our Lord Tuesday, Dec. 6, 2011.
Born in Hall County, April 24, 1921, she was a daughter of the late William Henry and Amanda Hawkins Poole. In addition to her parents, she was preceded in death by her husband, Ernest "Lit" Hawkins; brother, Henry Boyd Poole; sisters, Nellie Poole Hawkins, Edna Poole McEntire; and infant sister, Dixie Poole.
Grandma Helen was a life-long member of Timber Ridge Baptist Church, was a very hard worker and a good Christian woman. She influenced the lives of many in her family, church and community. Grandma Helen was also a very loving sister, mother and grandmother. A void has been left here for the ones who loved her most. Through her testimony, we know that when we all get to Heaven we will be with Grandma longer than we will be without her here on earth. Grandma's memory will be in our hearts forever.
Survivors include daughters and sons-in-law, Barbara and Charles McEntire of Clarkesville, and Linda and Gary McEntire of Demorest; sister and brother-in-law, Sally and Richard Miller of Lula; brothers and sisters-in-law, the Rev. Billy and Marie Poole of Gainesville, Ed and Patsy Poole of Warner Robins, and Ben and Myrlon Poole of Lula; grandchildren, the Rev. Kenneth and Kay McEntire of Demorest, Lynn and Dean Biegeleisen of Jefferson, Billy and Julia McEntire of Lula, Lisa and Randy Barrett, and Kimberly McEntire, all of Demorest; great-grandchildren, Kasey and Natasha McEntire, Kolby and Brittany McEntire, both of Demorest, Tyler and Breezi McEntire of Baldwin, Seth McEntire of Lula, and Robby Barrett of Demorest; great-great-grandchildren, Blair McEntire and Payton McEntire, both of Demorest; a host of nieces, nephews, cousins, and friends.
The family will receive friends from 2-4 p.m. and 7-9 p.m. on Friday, at the South Chapel in Baldwin.
Those who wish to express online condolences to the Hawkins family may do so by visiting our website at whitfieldfuneralhomes.com.
Arrangements are in the care of Whitfield Funeral Home, South Chapel, Baldwin.
The Northeast Georgian
December 9, 2011


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Saw 3D (2010)
18 pictures
Directed by: Kevin Greutert
Starring: Betsy Russell, Cary Elwes, Costas Mandylor, Tobin Bell
Revealing mistake: Most of the blood seen in this film is too light to be considered real human blood. In the public trap it is practically pink. The reason for this is the 3D effect. When watched in 3D, it looks more like normal blood. But in normal viewing, it does look too light.
Continuity mistake: During the public saw trap, when Brad is clipped by the saw, you see blood on the edge of it. However, when the angle of the camera changes, the saw is clean. When the angle switches again, there is blood on the saw.
Continuity mistake: It is visible that Dr Gordon's handwriting when he writes " I know who you are", is different from the handwriting in Hoffman's letter.
Continuity mistake: The amount of blood on Bobby's teeth constantly changes. During the tooth room
Continuity mistake: Brad gets blood all up his face when he is hit by the saw. When Ryan and Brad decided to let Dina die, the blood has gone from Brads face.
Revealing mistake: When Bobby grabs the key for Cale's noose. There is a shadow on the door of a boom mic.
Revealing mistake: If you look very carefully when Gibson is machine gunned down, you can see the blood packs in his jacket. Slow-Mo may help but is not essential.
Deliberate mistake: If you look at the IP address of the junkyard, it is listed as: 634.6188.8.131.52. An IP never goes over 255.
Continuity mistake: When Bobby is swinging from the cage near the start, the way he is holding onto the cage changes instantly.
Continuity mistake: When on the chat show, the mug belonging to the host is constantly moving. Check the handle.
Continuity mistake: When Jill is running into the evidence room, the dead cop has got his trouser leg up revealing some skin. When Hoffman is locking Jill into the chair, look out the door and the trouser leg is down.
Continuity mistake: Hoffman shoots the cop guarding Jill through the eye and some brain matter appears on the prison bars. Camera changes and the brain matter has disappeared.
Continuity mistake: When Jill notices the trike there is a shadow by the bike. When the angle changes, the shadow has gone.
Continuity mistake: When Bobby is pulling teeth, he gets blood all down his shirt in one shot. Camera does an instant cut and the blood has disappeared.
Continuity mistake: When Nina dies, Bobby has her blood all over his face. When he picks his book up a few seconds later the blood is gone.
Revealing mistake: When Bobby's wife is dragged to her knees by the chain, you can make out the shape of her knee pads under her trousers.
Continuity mistake: At the end of Saw VI, Hoffman has got a massive chunk of cheek missing from the reverse bear trap. However in this film, which continues from Saw VI, he has not got a chunk missing.
Continuity mistake: As Evan is tearing himself away from the car seat, you can see his back muscles are a fleshy-color and only have a little bit of blood on them. When he crashes at the end of the scene, his back muscles are suddenly dark-red and saturated with blood, despite looking totally different just seconds before.


text:
- Filed Under
Public pressure is mounting to withhold salaries from the deadlocked New York Senate, but state Comptroller Thomas DiNapoli has no plans to do that, he said Wednesday.
"While it may in the short run look very good for me, at the end of the day it may make what is already a very bad situation, worse," DiNapoli said during a meeting with the Democrat and Chronicle's editorial board.
State statute allows for withholding salaries of the state Legislature when the budget is late, but not when a leadership struggle leads to stalled legislative items, as has been the case since Senate Republicans' June ...


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2 Comments
I recorded my first episode this week and tried to watch tonight. I lived on Hawaii from 1965-1967. I was a big fan of the original show. I just shut the first episode off, lost interest. Really looked like a weak attempt to emulate the original show with new personalities; to me bad acting but plenty of steroids all around. This must not be a pure Hollywood product because not every other work if f..k.


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The Boston Globe raves HONK! is "extraordinary" with "high-caliber talent"! See why The Boston Globe says "…it's hard not to cheer" for this musical that delivers "all-ages fun"! CLICK HERE to read entire Boston Globe review.
Performances through Sunday, February 24. Tickets are going FAST! CLICK HERE to reserve your tickets today!


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No man wants to hear the sentence, "You have prostate cancer," but more than 190,000 men in the United States will be told that this year.
Prostate cancer is the second-leading cause of cancer deaths in this country, but the good news is that the death rate is decreasing. In fact, when prostate cancer is detected early and treated properly, men have a five-year survival rate of nearly 99%. But choosing the right therapy remains a daunting task for men facing this disease and their families.
Trying to learn about the diagnosis and the treatment options can be difficult. Choosing between external beam radiation therapy (proton therapy and IMRT), surgery (open vs. robotic-assisted) and brachytherapy (radioactive seed implant) can create anxiety for even the most informed patient.
One size does not fit all
As a prostate cancer specialist, I would say that there is no one perfect therapy for every single patient, but I do try to give each patient all the information he needs to make the right decision for his case. While I want to effectively treat my patient's cancer, I also want to preserve his quality of life - during and after treatment - as much as possible.
All definitive treatments for prostate cancer carry the chance of side effects, which vary depending on the actual therapy and the patient. But we are always striving to minimize these effects by selecting the appropriate treatment for each patient.
External beam radiation therapy is one of the most effective and flexible treatments for a wide range of prostate cancers. It can effectively treat localized disease, as well as more locally-advanced tumors, with good results.
Proton therapy a good option
Technologic advances also have improved our ability to deliver higher radiation doses to the prostate, while decreasing the risk of normal tissue damage. Proton therapy is one example of how advanced technology can be used to help treat patients, since the unique physical properties of protons allow higher radiation doses to be deposited at the tumor while minimizing unnecessary exposure to surrounding normal organs. This may result in improved cure rates with fewer side effects and can be done using just a few beams (one right-sided and one left-sided beam), which is something that cannot be done with even the most advanced X-ray techniques.
MD Anderson is fortunate to be one of a few centers in the world with proton therapy available for our patients.
Proton treatments typically take only 15 to 20 minutes each day and are delivered five days a week for approximately seven to eight weeks. Most patients tolerate the treatments extremely well and are able to continue to work and exercise during their treatment course and immediately after treatment is complete.
Proton therapy is one of the most flexible treatment options available for prostate cancer. At MD Anderson Proton Therapy Center, we've treated a wide range of tumor stages of prostate cancer as well as a variety of patients with proton therapy. So, it may indeed be an excellent option for many men, depending on their unique situation.
No matter what you decide to do, begin by talking with your oncologist. And don't be afraid to ask and get in-depth details about all of your options.
The Proton Therapy Center at MD Anderson Cancer Center www.mdanderson.org/proton
ProtonPals, a support group for patients at the MD Anderson Proton Therapy Center
Choosing the Right Treatment for Prostate Cancer
No man wants to hear the sentence, "You have prostate cancer," but more than 190,000 men in the United States will be told that this year.
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