Friday, October 29, 2010

TGIF Blockquote Randomosity

imageSo, another day of the same thing in the stock market.  Possibilities? Maybe the market is setting up for a sell the news sell-off with GOP wins on Tuesday.  Or, maybe after a huge run, the market is just pausing before making another leg up.  In either case, we are at the end of month/beginning of month when money is automatically dollar-cost averaged into the market.  Assuming folks aren’t putting all their money into the bond market.  So, if the pattern holds, there should be some support to ward off the sellers.

I remain 100% long, but watching. The Black Box is still on a sell, but I’m looking the other way!

Market seasonality, from Mark Hulbert:

Did you sell in May and go away?

If so, and you’re a follower of the seasonal pattern known as the Halloween Indicator, now is the time to get back into the stock market.

But how strong is this pattern, really? How can we know for sure that it genuinely exists, and is not just a statistical fluke?

Click the link, but this is the beginning of the favorable season in the market.  Of course, usually the market is near or retesting a previous low about this time.  Instead, we’re near the highs of the Sept-Oct rally!

Business bets big on Carly Fiorina:

If former Hewlett Packard CEO Carly Fiorina's bid to become the next senator from California succeeds, she will owe a giant "thank you" to the U.S. Chamber of Commerce.

The Chamber has pumped $4.9 million into the California Senate race to help Fiorina, a Republican, defeat Democratic Sen. Barbara Boxer, according to the Sunlight Foundation, a nonprofit that advocates for transparency in government.

The Chamber, a business federation located just steps from the White House, is categorized as a 501(c)(6) trade association. Under this year's revamped spending laws, the Chamber is ramping up its independent spending nationwide.

Hello, fool.  Hello, money.  Polls have Boxer up over Carly.  Had to get that last paragraph in, as some Democrats are howling mad about it.  But I suppose union money is okay, right?

I’ve talked about Redbox on the AudioBoos and in the blog, but did you see their stock (Coinstar) after earnings?

image Coinstar's revenue leaped 42% over last year to $380.2 million, driven by Redbox's 54.2% growth to almost $306 million.

Customers have responded well to the DVD vending machine model. Redbox movies rent for just $1 a day plus tax, and the company announced in September that it had rented its 1 billionth movie.

Yes, a lot of folks are going to streaming content from the internet.  But a lot of folks are just lining up in front of the big red box, too.

Thursday, October 28, 2010

$MSFT Says They're Early!

$MSFT's Steve Ballmer says that they're early in the smart phone market.

Plenty of room for Windows Phone 7, he says. The industry is in it's infancy!

Well, I am on my fourth smart phone. The second one I had ran Windows Mobile, and that was pretty bad.

Windows Phone 7 has 1000 apps ready, compared to 250,000 for the Apple iPhone. Of course, about 243,000 of those are fart apps.

Maybe it is early!

Wednesday, October 27, 2010

#24: Stock Market Very Toppy, Precious Metals ETF Frenzy, George Soros and Prop 19, Limewire shut down

Happy Meals and iPads!

Is there a flight to quality stocks? Are we talking Happy Meals and iPads?

This article from CNN ponders if there will be a flight from yucky stocks to quality stocks. Jeremy Grantham, who has a name suspiciously similar to the alias of character John Locke on Lost, seems to like stocks with low debt and high, stable returns. Talk about going out on a limb with some crazy ideas!

Well, it sure seems as if that is happening. As the rally continues, the leaders are acting well even as some other stocks are blowing up. Today an exception as things are being sold. Although the NASDAQ is outperforming.

Geez, the NASDAQ just turned green.
Lunchtime. Veggie burrito. Rice, while black beans, lettuce and pico de gallo. Add some salsa. Eat the same thing everyday. And will continue to do so until the bull run ends.

Am I superstitious or just too lazy to go somewhere else?


Tuesday, October 26, 2010

The Sky Will be Falling... Soon

Well, the warnings are being shouted from the mountaintops that this unexplainable rally is going to end. Here's another from CNBC.

And the guy's name would have to be Busch. As if the spelling is supposed to throw us off. Pffft.

So, yeah, another up day in the market. The leaders did well, but decliners slightly lead advancing stocks. Bank stocks lagging badly. Heck, lagging is an overachieving word for our financial institutions.

But maybe the biggest financial institutions out there are the large companies with millions or billions on the balance sheets. They have the power to buy up other companies. They can shower investors with dividends. They can send some cash my way. (Pay Pal is my email, fwiw).

Anyway, I remain long yet even with the Black Box on a sell signal and the avalanche of warnings from people smarter than me. I just can't sell with stuff I own going up.

Well, not yet.

Monday, October 25, 2010

Monday Blockquote Randomosity

image The stock market started out great and then… faded.  It’s not the worst thing that could have happened, as the market keeps moving ahead despite all the reasons we’re told it’s not supposed to.  Maybe we’re in a buy the rumor (Republicans win in November) and sell the news (holy crap, the Republicans won in November).

Although I am a conservative, I do believe gridlock is the best form of government. If there were a Gridlock Party, I’d join.  It’d be the party that doesn’t do anything. Heck, doesn’t even go to Washington DC.  Just stays home and watches The View and Ellen.

Anyway, 100% long the stock market. No portfolio changes.  Just letting the profits rip, as they say.  Yes, it will end with something more than just a day pullback or even just a few hours worth of reversal.  But acting on mechanical systems (like the Black Box, which is still on a sell), can often lead to whipsaws.  Better to get some real-life confirmation.

Ford is brining 1200 jobs to Michigan. Excellent!

Ford Motor company said it will create up to 1,200 jobs in the distressed state of Michigan as it ramps up its engineering and manufacturing operations to produce more fuel-efficient cars.

Lured by state tax incentives, the automotive company announced Monday it plans to invest $850 million in new fuel-saving technologies between 2011 and 2013.

We need a feel good story now and then.

President Obama is on the campaign circuit, touting his job creation record.  No, really – he is.

Obama's attacks on Republicans have done little to dent voter disappointment with his economic policies, which have so far failed to bring down unemployment stuck near 10 percent.

Delivering change is hard and it is understandable that people are discouraged, "but we're just in the first quarter," Obama told a Democratic fundraising event in Providence. "We have a whole game to play."

Pull the quarterback! Pull the quarterback! Isn’t Todd Bauman available?

Nothing attracts bond investors like a negative yield!

Investors are so worried about renewed inflation that for the first time ever they paid for sub-zero yields on TIPS.

The government on Monday auctioned $10 billion in 4½ year Treasury Inflation-Protected Securities, better known as TIPS, at a yield of -0.55% — the first time TIPS ever sold for a negative yield.

TIPS pay a modest fixed interest rate, but the government adjusts the principal in TIPS to track the change in the consumer price index. So investors' returns are compensated for inflation.

Investors pushed up the price of the TIPS auctioned Monday to $105.50 for every $100 of face value, resulting in its -0.55% yield. If inflation stayed at zero the next five years, the fixed interest payments — currently 0.5% — wouldn't be enough to repay the purchase price, resulting in a negative yield.


Saturday, October 23, 2010

Don't Fight the Fed!

A quick Saturday night reminder to not fight the Fed.

The Fed has stated that they will be taking more action to stimulate the economy and to fight deflation.

Plus, there is lots of pessimism in the air. This is exactly the opposite of what we should be seeing at the top of a market. Investors continue to pull money out of the market and to put money in bonds.
Took a day trip to the coast today. I miss living by the ocean.

In edit: adding a few lines to bump the Grace Park picture down.

Good news! I finally watched the first two episodes of the new Hawaii Five-0. I think I will keep watching it for now. It's a little different than other cop shows and reminds me that I need to go to Hawaii this winter!

Friday, October 22, 2010

#23: Stocks Have Positive Week,Juan Williams Gets NPR Boot (and lands at Fox),Google TV without NBC,CBS and ABC?

Wednesday, October 20, 2010

Wall Street Election Outlook

Mid-term elections: Which political party is best for the stock market?

Notice that the market tends to perform better from the mid-term election until the next major election.

Now, is there a reason for this or is this just random?

I lean towards the latter, but if you're an undecided voter with a stock portfolio, might as well punch the GOP chad. I'm a big believer in a split government. I like it when the politicians are so busy arguing with each other that they can't even agree on the time of day.

Admiral Stockdale said it best, "Grrrridlock."

Those Crazy Bargain Hunters!

Everyone loves a sale!

So far, that's how investors are treating yesterdays sell off. We shall see what they do with it over the next few hours.

Everyone was frantic yesterday looking for a reason for the selling. The catalysts were China and Apple. Now the catalyst is "bargain hunting."

In meetings all day long. Bleh.

Tuesday, October 19, 2010

#22: Market Crash,Can Twitter Predict the Market?,Geithner,the GOP and the election,Climate Change,V

Warren Buffett

Warren Buffett: Buy stocks, not gold.

How do you feel about gold, Warren?

A sixty-seven foot cube of gold that doesn't do anything!

Buffett believes equities are the place to be, and that the US economy is growing (slowly).

Quickie Thought

There was a little bump up in the indexes into the close. Could be nothing. But I expected bears, shorts, and sellers to drive this down, and close on the lows.

They didn't.

Still an ugly day.

And everyone will say that this was overdue, and how they have been expecting this, blah blah blah.

Not the end of the world. The market will be open tomorrow.

Playoffs start in a few. Phillies and Giants.

Tuesday Bloodbath

This is what happens when $AAPL only sells 4.2 million iPads instead of 4.8 million. Someone has to pay.

And since Apple makes up about 94% of the market, it doesn't really matter what any of the other companies are doing. Heck, if those companies knew what's best for them (and their pension funds), they would be using any and all profits to buy iPads.

Okay, I'm hiding my bitterness under that smirk, as my Black Box told me to sell last week and I didn't. Lol.

But I'm fine with that. My experience is that the stock market will confirm any mechanical signal. And what's more important than today is what happens next? Is today just a one day wonder, or are buyers spooked? After all, the biggest moves tend to be counter to the overall trend.

But this does feel like a pin shoved into the meat of the balloon. There are gains to be protected, and we shall see if folks buy the dip or run to safety.

Have you tried the app for your iPhone? Just sayin'... CNBC to go.

Monday, October 18, 2010

#21: Apple (er, $AAPL) Earnings, Costco stops selling Apple Stuff

Hotcakes are Selling Like iPhones!

Today is the day for $AAPL and $IBM to report earnings.

These stocks are heavy hitters in many ETFs and mutual funds. So we who are long hope that there will be a positive reaction to whatever is announced. Because it's not the news that matters, it's the reaction to the news that matters.

Let's face it. We know Apple is selling iPhones and ipads like they were hotcakes. Heck, the pancake restaurants are going to change their slogans to "our hotcakes are selling like iPhones."


Monday. Bleh.

Saturday, October 16, 2010

Saturday Night Blockquote Randomosity

I'm not out of control, but I am at an Indian Casino tonight. Losing! So, calling it quits. But not before I drink a mocha on them. But let's face it, this free mocha cost me a few bucks.

France riots as the Evil Sarkozy Regime raises the retirement age from 60 to 62.

Police estimated some 825,000 people marched in cities across France to protest President Nicolas Sarkozy's plan to extend the retirement age to keep pension coffers full. That is fewer than during an Oct. 12 march -- and far lower than the union estimate of 3 million. But unions are not relenting in fighting for what the French see as a near-sacred right to retire at 60.


Well, same problem as here. Too lucrative pay at too young of an age. These pension funds assume an unrealistic rate of return. I know folks feel as if they deserve the money, but the actuaries didn't do their jobs.

The Evil Ohio State Buckeyes Regime were booted from their brief one-week claim to #1.
John Clay ran for 104 yards and two touchdowns and James White darted in for the clinching score in the fourth quarter as No. 18 Wisconsin took down top-ranked Ohio State 31-18 Saturday night.


Ah, it's fun to beat the incumbents. Er, whoever is on top. Don't Americans cheer the underdogs? And yes, that was a link to Huffpo. A very readable extreme left wing evil blog regime.

But I don't have their iPhone app! So there!

This doesn't sound like the most environmentally friendly idea ever conceived, but could snow be coming to Phoenix?
PHOENIX (AP) -- An investment company wants to build a Phoenix theme park where children can build snowmen, have snowball fights and sled down a hill -- even when Arizona desert temperatures top 100 degrees.

Catalyst Land Holdings LLC has proposed building the indoor, snow-themed park next to an old Phoenix landfill with help from the city, as well as a state law that allows cities to provide tax-exempt bonds for theme parks.


I call Copy Cat. There is one of these things in the Middle East somewhere. I'm looking at you, Dubai. I know because I saw it on The Amazing Race. Well, here we have Humankind doing what God himself is unwilling to do: let kids have snowball fights in the desert. Should be fun.

Okay, let me be a neocon for a sec. Check this ABC headline out:
As Democrats' Message Lags, GOP Awaits Huge Wins

Analysts in both parties say all major indicators tilt toward the Republicans. President Barack Obama's policies are widely unpopular. Congress, run by the Democrats, rates even lower. Fear and anger over unemployment and deep deficits are energizing conservative voters; liberals are demoralized.


Oh, I think the American people have gotten the Democrats' message LOUD and CLEAR. You don't see polls like this when folks are fat, dumb, and happy.

Well, the mocha is gone and the Casino is blaring Ashlee Simpson's "Pieces of Me" over the sound system. That's my cue to leave.

See you tomorrow. Football party at mi casa. Who's coming?

Friday, October 15, 2010

Getting that 1999 Feeling Again!

Tech. Tech. Tech.

NASDAQ up, dragging along the SP500 as much as it can. And i suppose we should be glad that tech companies are getting orders and growing their businesses But financials more worried about foreclosures, currency wars, Ben Bernanke, and the end of bikini season...

Cooler weather heading to CA this weekend. Sigh.

#20: Black Box Sell Signal, Money Flees Equity Funds, 140-year Cotton High, iPhone Caster App

Thursday, October 14, 2010

Is This What Brings the Market Back Down?

Financials have been lagging. Maybe Foreclosuregate is what brings the market down again.

From the WSJ iPhone app.

Hard to imagine the market rallying without the financials.

Anyway. Still long for now.

The Black Box Sell Signal

The Black Box has had two sell signals in as many days. It has been awhile since I've mentioned the Black Box. But it has been very accurate this year, with the exception of missing the summer rally.

It usually gives many signals near a market inflection, or turning, point. It isn't always right, but it can be useful in combination with other indicators.

I haven't decided on a course of action. I remain 100% long as I type. The market has been on a nice run.

Wednesday, October 13, 2010

#19: Chilean Miners, Oakley, Stock Market Rally on Earnings, Baseball Playoffs, No toys in Happy Meals

Going Green Wednesday Blockquote Randomosity

The market had a Green day. Credit goes to earnings, China, the rescue of the mine workers, the Texas Rangers, and Maggie Q.

Oakley cashes in on mine rescue.

Because the men's eyes will need to adjust after being in darkness since the Aug. 5 cave-in at the San Jose Mine, Oakley sunglasses company sent down $450 sunglasses for the men to wear to protect them ultraviolet light as they emerged, reports The Telegraph. Medics feared retina damage if the miners came up to the sunny sky without the glasses.

So the article says that Oakley is getting lots of TV time on this. Maybe $41m worth of TV time. Very smart. Someone gets a bonus for this, right? Well, the miners needed shades and quick thinking from Oakley.

Meanwhile, the markets are reacting positively to earnings and the promise of Quantitative Easing.

The upbeat tone to the market came on the heels of better-than-expected earnings reports from Intel, CSX, and JPMorgan. Also playing a role are increased expectations that the Federal Reserve will step into to boost the economy after the release of minutes from the central bank's September meeting.

Er, okay, but Intel was down on the day.

The Texas Rangers heading to the ALCS, where they will lose to the Yankees.
ARLINGTON, Texas — Now that the Texas Rangers have finally won a postseason series for the first time, they get to play the team that has won more than any other.
Bring on the New York Yankees, who have 27 World Series titles and 40 pennants.

The Rangers aren't intimidated. They split eight games against New York this season, including a three-game sweep at home last month.

I will be cheering for the Rangers, but...

Finally, Maggie Q. And I still haven't watched Nikita.

Tuesday, October 12, 2010

The Fed and $INTC

The Fed and Intel and Brett Favre and Grace Park!

  • The Fed gets credit for the stock rally today. More easing/stimulus on the way. Quantitative Easing. How about some Qualitative easing. Hey, my iPhone spell checker says qualitative is a word. Cool.
  • Yes, that is a pic from the Fox Business app. Don't go bonkers. And the good news is that Intel had a decent report and is acting well after hours. That's very important. Let's see if it holds tomorrow. If reaction to earnings are positive, that's good news!
  • ESPN Monday Night Football wins male and adult demographics. Shocker? Well, it's not it's going head to head with Dancing With the Stars.
  • Gosh, Tuesday already. October sailing by. I think one cool thing about this month is that lots of folks set out bowls of candy.
  • Hawaii Five-0 wins fourth week in a row. I give you Grace Park.

Still in the Game

I've been using the same strategy in the stock market that I use at the casinos to protect gains. If I keep winning, I keep raising my mental stop on where I will sell or cash in my chips.

Despite seeing some indications that the market is ready to roll over, it hasn't yet. In other words, the dealer keeps busting and the dice keep rolling sixes.

Isn't Intel after the bell today?

Stay tuned...
Brett Favre actually had a decent game last night. Randy Moss will help Favre, Harvin, and Shiancoe. Look, that was at New York against one of the NFL's best defenses.

Minnesota's defense is still tough. I think the issue is with that offensive line. The Vikings are 1-3, but keep an eye on them.

Sunday, October 10, 2010

Dude, You're Screwed!

Here's a guy who is 48, wants to retire at 65, but hasn't saved anything.

As I mentioned in the last podcast/audioboo, this kind of story is going to be repeated over and over again. People have not saved enough. This will be a challenge for the country. These folks will have to work past 65. These folks will look to the government to help them.

Maybe we will see folks moving back with their kids or finding roomies to share expenses.

I don't know what will happen, but I think with a large number of baby boomers closing in on an age they would like to retire, the question is whether or not they will have enough assets to do so.

Well, this guy has 17 years to save. Hopefully, he will be able to save and invest a large portion of his salary and the market will grow.

Saturday, October 09, 2010

Foreclosures, er, Foreclosuregate

So maybe this foreclosure-thing is a big deal.

In Sacramento, we have thousands seeking modifications of their mortgages. They say they don't want a free house, just a lower payment.

Gee. Don't we all?

So now we have banks stopping the foreclosure process due to faulty paperwork or reviews of paperwork. And I guess this means that some folks will get to stay in their homes, er, the banks' homes, for free.

How does that make you feel as an on-time mortgage payer month after month? Yeah, when someone gets a little something for nothing, it can't help but make you feel slighted by the process.

Having poked my nose in lots of economic books (and swiped my fingers across many econ ebooks), I cant think that this is good for the business of loaning money to buy homes. Isn't this going to cause banks to stop making loans? Or at least highly scrutinize borrowers?

What about the real estate market? Would this process remove inventory and artificially stabilize prices only to collapse eventually when these homes do come on the market.

Someone please enlighten me!
Saturday night at an Indian casino. Trying to get my little slice of something for nothing. So far, so good. Having a mocha and then heading home a winner. So there!

Friday, October 08, 2010

#18: Alcoa reports,$1.3T deficit,retirement gap,chasing dividend yields

TGIF Blockquote Randomosity

Hey, the Dow is above 11,000 as I type!  Happy Friday!

The Dow Jones Industrial Average crossed above 11000 for the first time since early May, as the prospect of further action by the Federal Reserve overshadowed a grim jobs report.

The Dow was recently up 55 points, or 0.5%, to 11003, trading above 11000 for the first time since May 3, just days before the "flash crash."

First out of the earnings gate last night?  Alcoa!  The stock is up over 6% (as I type).

The New York-based metals giant on Thursday said lower aluminum prices and a stronger dollar hurt third-quarter earnings, though Wall Street was expecting a bigger hit and seemed to focus on the rosier forecast.

Alcoa raised its forecast for 2010 global aluminum demand to 13% from 12% as emerging markets have shown that “more and more people are moving into the middle class, driving demand in building and construction, transportation and packaging.”

So, we have a positive reaction to earnings.  The “rosier forecast” is much more important than the numbers from the past.  If this is an indication of what’s coming for other companies, maybe everyone expecting an October crash will be leaning the wrong way.

Bank of America is halting all foreclosure sales.

 Bank of America Corp. said it is placing a moratorium on all foreclosure sales across the U.S., amid political pressure on U.S. banks to examine foreclosure-documentation problems.

The nation's largest bank by assets is the first financial institution to stop all foreclosure sales amid revelations that the banking industry had used "robo signers," people who sign hundreds of documents a day without reviewing their contents, when foreclosing on homes. Bank of America, J.P. Morgan Chase & Co. and Ally Financial Inc. (parent of GMAC Mortgage) last week postponed foreclosures in 23 states where a court's approval is required to foreclosure on a home.

Robo signers.  Imagine the job ad for that.  “Major US bank seeking hard-working individuals who are willing to sign documents without reviewing their contents.”

Meanwhile, the EPA is trying to reduce global temperatures.  Their current plan would reduce temperatures by .006 of a degree Celsius.  Over the next 90 years.  Sweet!

Hey, that global warming scheme sounds like a good trade, huh?

The EPA’s plan to administratively do what even the left-leaning Democrat-controlled Congress wouldn’t do would, according to none other than the EPA, would reduce the global temperature over the next 90 years by this much:

0.006 of a degree Celsius

At most. It might be only 0.0015.

Don’t you feel cooler already?

Oh, the cost is tons of jobs.  But as long as you can live with higher unemployment and higher costs, the EPA is heading on the right track.  (There may be a smidge of sarcasm in that last sentence.  Just a smidge).

TGIF, Salma Hayek.


Thursday, October 07, 2010

Fed Head Scratching

Is it just me, or do you get the feeling the Fed doesn't know exactly what to try next?

Nah, we are on the same page, right?

So, more attempts at stimulating the economy are on the way!

Speaking of, I hope folks have been able to refinance and lock in some low rates. Another new low today. Wow.

Ah, the market. Feels like the leaders are rolling over, and that's usually not the best thing. I'm still 100% long and believe the market is heading higher. But, we are due for some pullback or correction.

Standing pat for now.

Maggie Q from Nikita, which I still haven't watched. But the episodes are piling up on the DVR!

Wednesday, October 06, 2010

#17: Roy Halladay, California Budget, Molson Coors, Jobs, October Market

Tuesday, October 05, 2010

Five-Month Highs and the Fidelity iPad App

Whoa, catch that market rip today? Is this the whooshing higher for the trend or increased market volatility leading to a shaky October?

Or, as FM radio stations would say, Rocktober.

Or, as I prefer to say having some German ancestry, Beertober.

Here is a screen cap of the Fidelity iPad app.

As you can see, account access and a financial newsreader.

I remain 100% invested. I feel like I should be selling something, but haven't. Staying the course for now.

It was a bad day for my Chad Henne jerseys to arrive via UPS. I couldn't tell if the driver was snickering over the truck noise, and I may have just imagined him saying "Nice jerseys, dude."

I bought orange and teal jerseys. None of the white jerseys You get a cookie crumb on a white jersey, and you look like a slob. And I'm a messy eater as it is.

Fortunately, I didn't order any jerseys of Dolphins special teams players.

Monday, October 04, 2010

More Money to Watch TV?

I guess $GOOG and $APPL are banking on you spending more money for TV.

The big consumer-tech news today was that Google TV is coming. The bottom line is that they want you to spend more money on another set top box for your TV that allows you to watch Internet content on you big screen TV.

Do you have the cash? Unless you plan on dropping your satellite or cable TV subscription package, this is more money out the door.

For the record, I have a Roku set top box that allows me to watch Netflix and my MLB package. But I was already paying for Netflix and there is no extra charge to stream content. And the MLB Internet package was $100 cheaper than the DirecTV subscription. Granted, that is no comfort considering that I'm a Dodgers fan. But I did save money.

Anyway, we are in an economy where jobs are hard to find and salaries aren't going up. If consumers are going to spend more money for TV, something else is going to get cut.

So what gets cut? Movies? Dining out?


Nice special teams, Dolphins. Wow. What a beating.

Sunday, October 03, 2010

I Hate Fantasy Football Randomosity (and Grace Park!)

  • image You know, I love football but Fantasy Football is driving me crazy.
  • Anyway, heading into October after the first of the month and if the bears are going to bring it down, it’s now.
  • Speaking of Crazy, Grace Park drives me crazy.  She’s hot.
  • LA Times endorses Jerry Brown for CA governor.  There’s a shocker.  I’m not going to cut and paste a clip, but the LA Times continues the Democrat Party philosophy that there’s an endless pot of money and if the government just had enough of it, they could do so much good.
  • US issues terror warning for European travel. Gee, nice place ya got there, Europe.
  • One large trader created the May flash crash in the stock market.  …the so-called "flash crash" occurred when the trading firm executed a computerized selling program in an already stressed market.  The firm's trade, worth $4.1 billion, led to a chain of events that ended with market players swiftly pulling their money from the stock market, the report said.
  • I’ve recorded Hawaii Five-0, but haven’t watched it.  I might have to open a bottle of wine and press Play.
  • Back to the Bears-Giants game.  What a snoozer.

#16: In Reno, iPad/iPhone app Caster, Market Begins October