A guy just tried to deliver Chinese food here, but I told him he had the wrong address. He was stunned. He didn't expect that the large, hairy, unshaven monster would start chattering away at him in his native tongue.
Since the "debate" will be on at 2 AM my time, I plan to watch it at C-SPAN.org tomorrow morning. I'll write my impressions here of course. I can't imagine that anyone is undecided about this election, but the "debates" are still important. (If you're wondering why I put "debates" in quotation marks, read this.)
I can come up with more than 525 reasons... I see at least 1192 reasons (and counting).
Early movers this morning. (Obviously MRK is an Early Plunger, er, Mover this morning, but I don't scan NYSE stocks.) This screenshot is posted every weekday morning at around 9:15 ET.
Speaking of happy shareholders, Autodesk has been doing something right lately.
ADSK, Monthly Chart
The coil scanner picked up BSC. Bear Stearns is pausing after having broken above its previous all-time high. (Historical note: back in the crunch of 1990 you could have picked up BSC for around $7 a share.) Lots of happy shareholders here.
BSC, 30-min. Chart
The CRB Index has returned to the highs made earlier this year. Watch for the break above.... did someone say something about inflationary pressures?
CRB Index, Weekly Chart
What the Bubble Got Right, by Paul Graham:
Read the whole thing, he gets a lot of other things right:
"... when I was at Yahoo, I couldn't help thinking, 'how will this sound to investors?' when I should have been thinking 'is this a good idea?'"
"... the word to describe the atmosphere in the Bay Area would be 'progressive.' People there are trying to build the future."
"After centuries of supposedly job-killing innovations, the number of jobs is within ten percent of the number of people who want them. This can't be a coincidence. There must be some kind of balancing mechanism."
"... even a small increase in the rate at which good ideas win would be a momentous change."
Why We Cannot Win, by Al Lorentz:
Fox News beats all rivals, by Pamela McClintock:
(When we were in Italy I had a chance to watch some TV and noticed that CNN was attempting to dumb-down their presentation, which I think is the wrong way to go. They shouldn't stoop to Fox's level, they should get more professional instead.)
Stun guns. Gas masks. Body armor. And more., by John Dorfman:
Sun Microsystems Tries to Regain Footing on Wall Street, by Marc Ferranti:
Bill Gross writes in his October Investment Outlook that it's time to expose the "con job perpetually foisted on the American public about the low level of inflation."
His bottom line:
Hmmm, Gross wants you to sell your bonds, but to whom? To him? Or am I just a "conspiracy kook." ;-)
You can find yesterday's Unusual Suspects on the Unusual Suspects page. I'm going to post a screenshot (like the one below) starting tomorrow. It takes me 5 minutes to type in the data, which is nice if you want to search through it, but posting the .gif takes five seconds, so expediency rules.
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