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coolhand's Account Talk
- Thread starter coolhand
- Start date
coolhand
Well-known member
Spain Faces EU Call for Deeper Deficit Cuts in Euro Rules Test
Spain Faces EU Call for Deeper Deficit Cuts in Euro Rules Test - Bloomberg
Euro Finance Chiefs Give Political Backing to $170 Billion Greek Aid Plan
Euro Finance Chiefs Sign Off on Greek Aid as EFSF Prepares to Deploy Funds - Bloomberg
Obama's Approval Rating Is Now In Total Freefall
CBS Poll: Obama Approval Rating Down To 41%
Fed To Take Propaganda To The Schoolroom: Will Teach Grade 8-12 Students About Constitutionality Of... The Fed
Fed To Take Propaganda To The Schoolroom: Will Teach Grade 8-12 Students About Constitutionality Of... The Fed | ZeroHedge
Sentiment in Homebuilders ‘Gone Wild’, Pros Say Steer Clear
News Headlines
Fed Unveils Doomsday Scenario for Banks
News Headlines
Greece should exit the euro, says Treasury Select Committee chairman Andrew Tyrie
Greece should exit the euro, says Treasury Select Committee chairman Andrew Tyrie - Telegraph
Spain Faces EU Call for Deeper Deficit Cuts in Euro Rules Test - Bloomberg
Euro Finance Chiefs Give Political Backing to $170 Billion Greek Aid Plan
Euro Finance Chiefs Sign Off on Greek Aid as EFSF Prepares to Deploy Funds - Bloomberg
Obama's Approval Rating Is Now In Total Freefall
CBS Poll: Obama Approval Rating Down To 41%
Fed To Take Propaganda To The Schoolroom: Will Teach Grade 8-12 Students About Constitutionality Of... The Fed
Fed To Take Propaganda To The Schoolroom: Will Teach Grade 8-12 Students About Constitutionality Of... The Fed | ZeroHedge
Sentiment in Homebuilders ‘Gone Wild’, Pros Say Steer Clear
News Headlines
Fed Unveils Doomsday Scenario for Banks
News Headlines
Greece should exit the euro, says Treasury Select Committee chairman Andrew Tyrie
Greece should exit the euro, says Treasury Select Committee chairman Andrew Tyrie - Telegraph
coolhand
Well-known member
Merkel Says Europe Is ‘Good Way’ Up Mountain, Not Over It
Merkel Says Europe Is
Stress Tests Show How Fed Pushed Banks to Bolster Balance Sheets
Stress Tests Show How Fed Pushed Banks to Bolster Balance Sheets - Bloomberg
Apple Drives Record $1.24 Trillion of Company Cash, Moody’s Says
Apple Drives Record $1.24 Trillion of Company Cash, Moody
Obama's Big Health-Care Reform Is Going To Cost Double What He Said
Obamacare Is Going To Cost Double What Obama Said
CBO: Deficit estimate for 2012 hiked to $1.2T after payroll tax cut, jobless benefits
CBO: Deficit estimate for 2012 hiked to $1.2T after payroll tax cut, jobless benefits - The Washington Post
Getting to grips with the EU's new fiscal pact
Getting to grips with the EU's new fiscal pact - Telegraph
Merkel Says Europe Is
Stress Tests Show How Fed Pushed Banks to Bolster Balance Sheets
Stress Tests Show How Fed Pushed Banks to Bolster Balance Sheets - Bloomberg
Apple Drives Record $1.24 Trillion of Company Cash, Moody’s Says
Apple Drives Record $1.24 Trillion of Company Cash, Moody
Obama's Big Health-Care Reform Is Going To Cost Double What He Said
Obamacare Is Going To Cost Double What Obama Said
CBO: Deficit estimate for 2012 hiked to $1.2T after payroll tax cut, jobless benefits
CBO: Deficit estimate for 2012 hiked to $1.2T after payroll tax cut, jobless benefits - The Washington Post
Getting to grips with the EU's new fiscal pact
Getting to grips with the EU's new fiscal pact - Telegraph
coolhand
Well-known member
Stress Tests Pass Fed’s Flim-Flam Standard: Jonathan Weil
Stress Tests Pass Fed
Unions Send Doctor Bills to Taxpayers: Steven Greenhut
Unions Send Doctor Bills to Taxpayers: Steven Greenhut - Bloomberg
Young Americans Are Refusing To Fly The Coop
Young Americans Are Refusing To Move
WALL STREET'S WORST NIGHTMARE: The 'Millionaire Madam' Is Getting Ready To Make A Deal
WALL STREET'S WORST NIGHTMARE: Millionaire Madam Says She's Ready To Make A Deal
Terminated CBO Whistleblower Shares Her Full Story With Zero Hedge, Exposes Deep Conflicts At "Impartial" Budget Office
Terminated CBO Whistleblower Shares Her Full Story With Zero Hedge, Exposes Deep Conflicts At "Impartial" Budget Office | ZeroHedge
Scarce Oil? U.S. Has 60 Times More Than Obama Claims
The Myth Of Scarce Oil
Glenn Beck Closes In On The $100 Million Mark
Glenn Beck Closes In On The $100 Million Mark - Forbes
Poetic justice and Obama's $2t health care law
Poetic justice and Obama's $2t health care law | Washington Examiner
Stress Tests Pass Fed
Unions Send Doctor Bills to Taxpayers: Steven Greenhut
Unions Send Doctor Bills to Taxpayers: Steven Greenhut - Bloomberg
Young Americans Are Refusing To Fly The Coop
Young Americans Are Refusing To Move
WALL STREET'S WORST NIGHTMARE: The 'Millionaire Madam' Is Getting Ready To Make A Deal
WALL STREET'S WORST NIGHTMARE: Millionaire Madam Says She's Ready To Make A Deal
Terminated CBO Whistleblower Shares Her Full Story With Zero Hedge, Exposes Deep Conflicts At "Impartial" Budget Office
Terminated CBO Whistleblower Shares Her Full Story With Zero Hedge, Exposes Deep Conflicts At "Impartial" Budget Office | ZeroHedge
Scarce Oil? U.S. Has 60 Times More Than Obama Claims
The Myth Of Scarce Oil
Glenn Beck Closes In On The $100 Million Mark
Glenn Beck Closes In On The $100 Million Mark - Forbes
Poetic justice and Obama's $2t health care law
Poetic justice and Obama's $2t health care law | Washington Examiner
RealMoneyIssues
Well-known member
Figures this
That's the parent's fault, not the kids' or the economy.
Well, at least they might be able to get something to stick to these wall street scam artists... maybe
Just goes to show you, never go against the wall street fat cats...
CH, nothing personal, but this is one of those articles I gotta comment on. Let's really look at this. Where is the "myth"? If you pay attention to the numbers, the "myth" is that unproven resources will have any real effect on current prices.
As such, I must repeat this pertinent quote, on page 2 near the end of the article.
"To be sure, energy companies couldn't profitably recover all this oil — even at today's prices — and what they could wouldn't make it to market for years:"
There's a harsh dose of reality. Now who's perpetuating a "myth". They go on to cite the main problem as being lack of access to lands in AK and the Outer Continental Shelf based, respectively, on policy decisions in 1980 and 1982...nevermind the fact that the other resources cited could be drilled IF it were economically feasible to do so.
There's a harsh dose of reality. Now who's perpetuating a "myth". They go on to cite the main problem as being lack of access to lands in AK and the Outer Continental Shelf based, respectively, on policy decisions in 1980 and 1982...nevermind the fact that the other resources cited could be drilled IF it were economically feasible to do so.
OK, to the numbers. From the chart published w/ this article
0.6% of the oil is "proved" reserves. only 0.6%!! of the number they are using...I honestly could be done with my thesis right here!
11.35% is "technically recoverable" in their words
22.7% is oil shale...controversial (even in a dyed in wool, free market, pro resource extraction red state like Utah), my words. And often too expensive to be economical...see Green River formation.
65.3% is "undiscovered resources" in their words.
Finally, with the numbers provided, anyway you do the math, I can't figure where the "60 times" number comes from.
The "myth", to me, is thinking we can base an energy policy on "technically recoverable", "undiscovered resources" and using potentially too expensive and controversial technology. Should these resources play a role, ABSOLUTELY, but it should not be the primary feature. The boom in ND shows domestic oil currently is considered important in current energy policy.
Will increasing drilling will actually reduce prices? During the current boom with unexpectedly high production ND, it hasn't happened. So yet again, we get this shocking faith in industry scientists, with a verifiable interest in profiteering, from the people who dismiss word of the overwhelming majority of independent academic scientists on such issues as climate change. It just isn't reconcilable to me.
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coolhand
Well-known member
The articles that I post do not necessarily represent my own viewpoints. I take all this stuff with a grain a salt anymore. On this particular issue I have no opinion, but I certainly don't mind folks expressing their opinions. Heaven knows I see no shortage of misrepresented info out there on a daily basis myself.
Like I said at the get-go, my beef was with the headline.
Seems too frequently articles are given headlines under the assumption that people will read no further. It's odd in many cases like this because, to this reader, the actual information in presented in article contradicts it's own headline, hyperlink and sub-title...all of which are variations on the intended take-away.
Seems too frequently articles are given headlines under the assumption that people will read no further. It's odd in many cases like this because, to this reader, the actual information in presented in article contradicts it's own headline, hyperlink and sub-title...all of which are variations on the intended take-away.
Well then we'll see how much of that cheap energy will flow come next year. Hopefully it wont all be deflected to bomb, bomb Iran before we get to benefit.
CH, Just read your BLOG. I have to say it was not a daily read for me but when I did read it I enjoyed your take on the market. It's good to hear that you will maintain a weekly response for this group. Hopefully you will have time to lurk in the background and keep us in line once in awhile. 
Good Luck.
Good Luck.
Handballer
Active member
Lets hope so!
coolhand
Well-known member
coolhand
Well-known member
Don, from the Seven Sentinels website, posted this analysis last night regarding current market conditions. He's one of the savviest professionals I know. The system I use on the tracker is his original system, but the one he uses currently is more accurate. Along with his intermediate term system, he also now employs a short term system as well.
Dj Vu - Traders-Talk.com
Dj Vu - Traders-Talk.com
WhoDey
Member
Coolhand ... Thanks for posting the link. I've visited the Seven Sentinels web page, but I'm not sure how to use it with the TSP. The system is intriguing, but, again, I'm not sure how to apply it to TSP nor what past/current TSP returns would be. You said you post the old system performance ... is there anywhere to see the performance of the current system?
Thanks.
Thanks.
coolhand
Well-known member
I won't know for sure until early this evening, but if today's selling pressure holds the Seven Sentinels may roll over to an intermediate term sell condition. Having said that, I'm also wary of a whipsaw if that happens because QE3 could evenually counter this sell off at some point soon. The election is also viewed as market supportive, but I'm not taking anything for granted with all the negative overhangs on this market.
coolhand
Well-known member
No sell signal from the Seven Sentinels, but it's only hanging by a thread. Risk is rising, but I can't be sure which direction with all the negatives out there. I'm expecting more upside soon, but I'm still not confident we're there yet. I'm out of IFTs anyway right now, but that's very temporary at this point.
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