Saturday Rock Blog: Bull Market Thriller

Disclosure: I own IWM calls. Market looks gorgeous, gotta be long in times like these. Happy Halloween!

Sunday Rock Blog: Frankenstein (financial sector ETF: XLF)

Disclosure: I have no position in XLF, but it looks like an amazing short on this retrace. The upsloping neckline is ~$19.75, but things should really get interesting on a break of $19.27. The target on a break is $17.69.

Saturday Rock Blog: For Whom The Bell Tolls

Saturday Rock Blogging: Loving Cup

Ooohhh, what a beautiful buzz, what a beautiful buuuuzzzz! =)

Saturday Rock Blog: Musical Costume Edition

Tonight I'm in Indio, CA to witness the phish musical costume for Halloween. This is where they play an entire album by another band straight through and it's something they've done in past years, see here for the history. This year phish posted 99 potential albums, and narrowed it down to the final few contenders by "killing" a few off each night. Here are a few of possibilites for what I will be getting down to tonight. Happy funky halloween to you all!

Saturday Rock Blogging: Zombie

Musical Costume

The fed lowered interest rates by .25% today, as expected, adding further to upside inflationary pressure on commodities and other currencies. The stock market's reaction has thusfar been confused with some wild action in both directions. Clearly the leaders (ICE, LULU) popped big and the weakest stocks fell hard (ABK, MBI).

On a Halloween related note, here is something phish used to do on their 10/31 shows called a musical costume. They would play another band's entire album all the way through or in some cases just a few songs. The show that this clip is from was performed in Las Vegas on October 31st, 2005 where they played the entire White Album (The Beatles).

This one goes out to Ben Bernanke...

Nightmare on Wall Street

When the Ben Bernanke's FOMC releases their benchmark interest rate decision and statement this Halloween at 2:15PM ET something will die. The big question is, is it going to be the US Dollar or the US stock market? Recent actions indicate that Bernanke wants to be Freddy Kruger this year and shred the US dollar, which is already in free fall, by cutting interest rates. On the other hand, the fed knows inflation is picking up like crazy (look at food and oil prices) and there is always a possibility they could go back to their hawkish bias. A return to hawkish mode would send the stock market into a grave while saving the dollar. We will all be watching at that fateful hour but don't hold your breath for things to be all dreamy after they do whatever it is that they do do.



Disclosure: I am Long FXY (Japanese Yen) Calls, more on that later.