coolhand's Account Talk

It was pointed out to me in my blog that NYMO was still above its 28 day trading high after yesterday's rout. I had front-run the system based on the extreme breadth of selling and our delayed reaction time to exit the market, and when I looked at the charts last night I did not count off the 28 days correctly. This means there's a remote chance we could bounce and possibly resume the rally, but I'm not optimistic. Yesterday's action was bearish in many respects and it does appear we've begun a new downward move.
 
Thank goodness for the foreign press to keep us apprised about what really is going on in our own Country. We sure can't depend on our press for the real truth. :laugh:
 
Unfortunately, anybody with any brains saw this mess coming 18 months ago - a blatant lack of experience was obvious. The only people that remain satisfied are the rainbow seekers. Section 8 housing is getting ready to put NINAs into foreclosure homes - they originally couldn't afford a chicken coop - now they'll have four bedrooms at my expense. Transvestites will benefit from Obamacare - good for them. Illegals estimated to bear 8% of kids in this country. I could go on but that's enough.
 

Looks like a 22% boost to Florida's ST revenue... some things are necessary...
http://www.ncsl.org/default.aspx?TabId=20274

Then there's the chatterbox version:
HR 5660 and the PayPal LIE

This just means that the auction houses and sellers markets will have to pony up as a sales tax clearing house and they don't want to.
Small seller exemptions are already defined by the original bill in 2000.

This is but another example of how business marketing through mass media dupes average people into rallying against their own best interests.
Legally, you are supposed to voluntarily claim & pay sales tax you avoided anyway...

There is always SOME truth to what comes from outside sources, but still the age-old timeless adage applies:
Don't believe everything you hear. - Aesop (c.620-560 BC)

Take, for instance this quite believable story about WD-40 I got from my best friend: See if you can spot the fallacies before seeing them at the end.

What is the main ingredient of WD-40 ?

Before you read to the end, does anybody know what the main ingredient of WD-40 is?
Don't lie and don't cheat.
WD-40. Who knew; I had a neighbor who bought a new pickup. I got up very early one Sunday morning and saw that someone had spray painted red all around the sides of this beige truck (for some unknown reason). I went over, woke him up, and told him the bad news. He was very upset and was trying to figure out what to do.... probably nothing until Monday morning, since nothing was open. Another neighbor came out and told him to get his WD-40 and clean it off. It removed the unwanted paint beautifully and did not harm his paint job that was on the truck. I'm impressed!
WD-40 who knew? 'Water Displacement #40'. The product began from a search for a rust preventative solvent and degreaser to protect missile parts.
WD-40 was created in 1953 by three technicians at the San Diego Rocket Chemical Company.
Its name comes from the project that was to find a 'water displacement' compound.. They were successful with the fortieth formulation, thus WD-40.
The Convair Company bought it in bulk to protect their atlas missile parts.
Ken East (one of the original founders) says there is nothing in WD-40 that would hurt you... When you read the 'shower door' part, try it. It's the first thing that has ever cleaned that spotty shower door. If yours is plastic, it works just as well as glass.
It's a miracle! Then try it on your stove top ... Viola! It's now shinier than it's ever been. You'll be amazed.

WD-40 uses:

1. Protects silver from tarnishing.

2. Removes road tar and grime from cars.

3. Cleans and lubricates guitar strings.

4. Gives floors that 'just-waxed' sheen without making them slippery.

5. Keeps flies off cows.

6. Restores and cleans chalkboards.

7. Removes lipstick stains.

8. Loosens stubborn zippers.

9. Untangles jewelry chains.

10. Removes stains from stainless steel sinks.

11. Removes dirt and grime from the barbecue grill.

12. Keeps ceramic/terra cotta garden pots from oxidizing.

13. Removes tomato stains from clothing.

14. Keeps glass shower doors free of water spots.

15. Camouflages scratches in ceramic and marble floors.

16. Keeps scissors working smoothly..

17. Lubricates noisy door hinges on vehicles and doors in homes.

18. It removes black scuff marks from the kitchen floor! Use WD-40 for those nasty tar and scuff marks on flooring. It doesn't seem to harm the finish and you won't have to scrub nearly as hard to get them off. Just remember to open some windows if you have a lot of marks.

19. Bug guts will eat away the finish on your car if not removed quickly! Use WD-40!

20. Gives a children's playground gym slide a shine for a super fast slide.

21. Lubricates gear shift and mower deck lever for ease of handling on riding mowers...

22. Rids kids rocking chairs and swings of squeaky noises.

23. Lubricates tracks in sticking home windows and makes them easier to open..

24. Spraying an umbrella stem makes it easier to open and close.

25. Restores and cleans padded leather dashboards in vehicles, as well as vinyl bumpers.

26. Restores and cleans roof racks on vehicles.

27. Lubricates and stops squeaks in electric fans.

28. Lubricates wheel sprockets on tricycles, wagons, and bicycles for easy handling.

29. Lubricates fan belts on washers and dryers and keeps them running smoothly.

30. Keeps rust from forming on saws and saw blades, and other tools.

31. Removes splattered grease on stove.

32. Keeps bathroom mirror from fogging.

33. Lubricates prosthetic limbs.

34. Keeps pigeons off the balcony (they hate the smell).

35. Removes all traces of duct tape.

36. Folks even spray it on their arms, hands, and knees to relieve arthritis pain.

37. Florida ’s favorite use is: 'cleans and removes love bugs from grills and bumpers.'

38. The favorite use in the state of New York , WD-40 protects the Statue of Liberty from the elements.

39. WD-40 attracts fish. Spray a little on live bait or lures and you will be catching the big one in no time. Also, it's a lot cheaper than the chemical attractants that are made for just that purpose. Keep in mind though, using some chemical laced baits or lures for fishing are not allowed in some states.

40. Use it for fire ant bites.. It takes the sting away immediately and stops the itch.

41. WD-40 is great for removing crayon from walls.
Spray on the mark and wipe with a clean rag.

42. Also, if you've discovered that your teenage daughter has washed and dried a tube of lipstick with a load of laundry, saturate the lipstick spots with WD-40 and rewash. Presto! The lipstick is gone!

43. If you sprayed WD-40 on the distributor cap, it would displace the moisture and allow the car to start.


P.S. The basic ingredient is FISH OIL.

re:WD-40

So... was curious, so looked around a little...
There is so much on the web, fact intertwined with fiction
Alot of these sound cool, but-

First the MSDS:
WD-40.jpg


No Fish Oil here, only a Fish Story, sorry...

From http://www.wd40.com/about-us/myths-legends-fun-facts/

What a Fish story!

Myth: WD-40 contains fish oil.
Fact:
Consumers have told us over the years that they have caught some of the biggest fish ever after protecting their fish hooks and lures with WD-40. We believe this legend came from folks assuming that the product must contain fish oil since it appears to attract fish. Sorry Charlie®, it just ain’t so.

WD-40 Company has taken steps to respect and conserve the environment, and encourages its users to do the same. While WD-40 can be used to help protect fishing equipment from rust and corrosion, WD-40 Company does not recommend using WD-40 to attract fish.


Oops... don't spray for arthritis just yet...
“WD-40 Cures Arthritis!” No Way.

Myth: WD-40 cures arthritis.
Fact:
This popular headline, appearing at least once a year in the tabloids, is completely FALSE. WD-40 Company does not recommend the use of WD-40 for medical purposes, and knows no reason why WD-40 would be effective for arthritis pain relief. WD-40 contains petroleum distillates and should be handled with the same precautions for any product containing this type of material.

The founder is who?
WD-40’s Original Founder

Myth: Ken East is WD-40’s original founder.
Fact:
While Ken East is often referred to as one of WD-40’s original founders, he says, “Heck, I ain’t that old.” Ken is the facility manager at WD-40 Company’s San Diego headquarters and is affectionately known as “The Brewmaster.” He’s been mixing up batches of our secret sauce for nearly 15 years and proudly proclaims, “I absolutely LOVE my job!”

As mentioned in our corporate and brand history, Norm Larsen, founder of Rocket Chemical Company, is considered the original founder of WD-40. Read the real story behind WD-40. :D
 
I'm reading an awful lot of Hindenburg Omen articles. And GS has issued a negative statement too.

Normally, I'd see this as bullish, but I'm wondering if they're trying to sucker the bulls. If I was a bear, there's no way I'd touch this market right now. And maybe that's what they want us to think.
 
I'm reading an awful lot of Hindenburg Omen articles. And GS has issued a negative statement too.

Normally, I'd see this as bullish, but I'm wondering if they're trying to sucker the bulls. If I was a bear, there's no way I'd touch this market right now. And maybe that's what they want us to think.

Hi Coolhand,

I've been reading allot of negative press so far over the weekend on the markets. Many times the markets will do the unexpected. I'm wondering if this is not a trap to get investors to sell and then the Big Money buys Big time same day.

I could see a couple of hundred point drop on Monday and then Reverse the same day and end up substantially Higher. :)
 
Well, that would be in keeping with the MO for this market. Volatility is the one constant. :rolleyes:

Hi Coolhand,

I've been reading allot of negative press so far over the weekend on the markets. Many times the markets will do the unexpected. I'm wondering if this is not a trap to get investors to sell and then the Big Money buys Big time same day.

I could see a couple of hundred point drop on Monday and then Reverse the same day and end up substantially Higher. :)
 
Perhaps too many bears will flip over the boat? If not I'll gladly welcome lower prices with more share accumulation. :)
 
I'm sure there will be some that will get a little more out of this than you did. ;)
I suppose...like start a train of thought and never finish it..I did get that..He got to the 3rd point of the 7 things and then wandered off on another tangent..:rolleyes:
 
All meant in good fun coolhand

Like, wow I noticed that this was posted by like Doctor Bong man, and this dude has got to have like a really bigger, like massive view of reality that us mere mortals just like man don't cant ever even like see man.

I've heard of Robbins before, but not the Doc. Like wow man a guy claiming to live in Tijuana using a screen name like Doctor Bong just may be the guy to follow.

Looking at my YTD tracker performance, maybe this is just the ticket. Oh, wait, damn drug tests, guess total consciousness will have to wait.

Robbins does make good points, anyone paying attention knew most of this.

A few years ago conversations at work while people were getting ready to get on the road Mondays used to revolve around new vehicles, flat screen TVs and the latest electronic game for the kids. Now it's mostly about the J.O.B. and if there is any OT involved. People are not spending, even these people who are employed at a good wage. I am no longer the only over thirty person driving a 10 year old vehicle. (yeah I've always been a curmudgeon). The newer BMWs, Lexi, Accuras in the lot all belong to the new hires. For the first time coworkers are talking about paying off credit cards and not using them any more. In my limited little world, consumer spending is way down.

Can't speak for savings but I believe that most are contributing at least 5% to TSP mainly because us over thirty's (mostly 40s and 50s) have talked up the value of matching funds.

Just more ramblings by me, man

PO
 
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