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Speed-addicted traders dominate today's stock market

Speed-addicted traders dominate today's stock market Los Angeles Times Take a look at an interesting article we found.

Stocks Turn Upward At The Close

Stocks Turn Upward At The Close Forbes Take a look at an interesting article we found.

Cutthroat competition will weaken value of NYSE Euronext stock

Cutthroat competition will weaken value of NYSE Euronext stock Boston Herald Take a look at an interesting article we found.

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Yes, it sure will.

How can we go wrong if we listen to sage advice like this, from financial legend J.P. Morgan, who was asked how the stock market would perform.

The New York Stock Exchange was formed this week in 1792 when two dozen stockbrokers from New York City had the idea to organize what was then a disorganized and chaotic method of stock trading. 

(As opposed to the more organized, disorganized and chaotic method of stock trading today.)

From those humble beginnings, trading on a concept that dates back to the middle ages, the NYSE continues to grow, merging into a transatlantic behemoth, and today lists 2,800 companies with a total capitalization of nearly $20 trillion.

They’ve been in their Exchange building at 18 Broad Street since 1903, designated an historical landmark, with its six massive Corinthian columns that impart a feeling of substance and stability.

Speaking of stability, investors have asked why we need stocks, after some of the more painful Black Fridays, Morbid Mondays, Terrible Tuesdays of stock market history.

Because we need them, according to The New York Stock Exchange:

“The stock market is vital to a country because it ensures expedient access to capital for thousands of companies that would otherwise have a much harder time funding operations, and it allows millions of small investors to participate in the profits of the companies they own.”

Yet, it is easy for stockholders to be skeptical over the last decade since they're the ones hurt the most by scandals at Enron, Tyco, WorldCom, Parmalat and, well, I have to leave room for something else.

It's painfully clear, as we watch shares evaporate, that there still isn't adequate shareholder protection. Even though regulators, always one step ahead, are looking for ways to prevent a repeat of the recent mysterious stock market meltdown.

Still, investing in America can still be rewarding.

We, as stockholders, are granted special privileges, depending on the class of stock, which may include, the right to vote on elections, to propose shareholder resolutions and the right to new share issues by the company.

And as Oscar Wilde said, "With an evening coat and a white tie, anybody, even a stockbroker, can gain a reputation for being civilized.”

The experts say:

Do your homework. Don’t listen to experts like experts. Or babies. Don't get greedy. Don't panic. Don't buy on margin. Close your eyes...get a dartboard.

So...heard any hot tips lately?

J. Peterman

 

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76 Members’ Opinions
May 20, 2010 12:42 AM
4224 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-reviewFirst-videoHr-1Hr-10Hr-5 RoadYacht said...

yes! a hot tip! to double your money,grab one end and put it on top of the other end

May 20, 2010 12:44 AM
4224 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-reviewFirst-videoHr-1Hr-10Hr-5 RoadYacht said...

I heard that they are ending a TV show called LOST. I have never watched. But,with all the hoopla, I am betting the end will NOT be Bob Newhart saying "What a crazy dream I just had..."

May 20, 2010 12:46 AM
4224 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-reviewFirst-videoHr-1Hr-10Hr-5 RoadYacht said...

RE: the voter's pole today; the best investment movie I ever saw was a documentry on lost wax casting....

May 20, 2010 2:04 AM
8251 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1 Kentucky Curmudgeon said...

Do we really need banks and stock markets? If we borrow money are we not then indentured to the lending institution? It would seem that at least in today's world, one can do nothing without playing the system. Plastic has taken over. If we need money, we no longer sit across the desk from the lender we just log on and apply for more and more debt. And the banks are eager to give us the increase. Why? Because for every dollar we borrow it is at least two dollars we owe. I think the term is "usury" but it is more and more becoming loan sharking. For our world to return to a balance, we need to get back to doing things locally. Following the financial scandals of the last couple of years has my head spinning, when not lock jawed. We mindlessly drone through life doing whatever it is that makes us happy while the financial magicians keep pulling rabbits out of empty hats. At some point we need to wake up from our slumber and take back our birth right. Look each other in the eye and seal the deal with our word and a firm handshake. Naked greed and avarice have become our undoing. It's time we put our clothes back on and get to it. There is no substitute for honest work for honest pay. Bankers or not...

May 20, 2010 2:26 AM
Stage_2 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-10Hr-5 JALOPKIN said...

KY:  Where do I sign ???  I'm in for the duration !!!
 
"You Are a Den of Thieves and I Will Rout You Out ..." Andrew Jackson said, talking to/about the Bankers of the Country ...  It was He also who first decided that Credit was Financial Suicide ... I have seen that proven True, in my life ... and   IN   my life ....... Thats why I did Plastic Surgery on my first wife ... I cut up all her Credit Cards ... Left her only a Texaco Credit Card, with No Cash Option ...
 
EMPTY RABBITS, KY ....... Sound like a Good Title for a Book !!!

May 20, 2010 2:41 AM
8251 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1 Kentucky Curmudgeon said...

Ivan: "left her only a Texaco card" I would assume so she could buy gas to get out of town after the "plastic surgery". Too funny...    We have a Rabbit Hash, Ky. the good folks that live there elected a dog as Mayor. Really...a dog. At least all they had to do was through him a bone and he would be happy.

May 20, 2010 3:40 AM
Stage_2 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-10Hr-5 JALOPKIN said...

KY:  "Rabbit Hash , Kentucky" sound like it might be even smaller that Murray, a Town once known only for Lawn Mower Engines and Bicycles, and now has a rather remarkable little College ... Who Knew ???  
 
It seems fitting that the Good People of Rabbit Hash would elect a Dog as Mayor ... Government in this country has gone to the Dogs at every level anyway ... It will be November before we can get rid of the House and half the Senate, but we're working on gettin' rid of the Arab/Moslem Fraud, Right Now !!!  

Please tell me that I can get a T-Shirt that says, Rabbit Hash Cafe on the front of it ??? And is it anywhere near Salyersville ???  I'm gonna make a point of lookin' that place up next time I go to Kentucky ...

Have a Good Day Y'all !!! Gotta go back to work ... Just came in to get a Corned Beef on Rye Sandwich, with lotsa Ball Park Mustard, and a Coldbeer ......

May 20, 2010 4:58 AM
Feet_up 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-reviewFirst-videoHr-1Hr-10Hr-5 Thomas Typicalis said...

While the best way to double your money is to fold it in half, folks need to remember that all forms of investment are about risk. This protectionist trend toward trying to make everybody a winner all the time is an illusion. Wall Street is about the pursuit of financial happiness. How you chase it or not is your calculation. Caveat Emptor!

May 20, 2010 5:55 AM
Com-100Com-300Com-500First-comHr-1Hr-10Hr-5 Julia Masi said...

`Road Yacht: Very clever, talking abot LOST and the stock market back to back.  I often feel isolated and hopeless when reading the financial pages.

May 20, 2010 6:16 AM
Me_and_dave 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1Hr-10Hr-5 Andy said...

When we recently went to the bank to see what they're "giving" for cd's, I told the guy he was talking to the wrong person when he was addressing me, that if it were up to me, I'd be cashing it all in and putting it in my mattress.  He visibly blanched and starting telling me about fire and theft; evidently I'm not the only one thinking that way.
 
And yes, I've tried to talk my husband into sell, sell, sell -- I have little confidence in the stock market or in big business.  To say that we own these companies is a laugh; to say that we give them the capital to "fund..operations" -- maybe if the operations are in the Grand Caymans....at the beach....with a margarita in one hand and sun block in the other.

May 20, 2010 7:36 AM
1046 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-10Hr-5 Willie Trask said...

T Square, you are right. The reason they pay more is because more is at risk. Funny, nobody seems to understand that about health insurance.  We have all read that email that explains that  we'd have been better off investing in Budweiser- not the stock, the beer, because the aluminum cans would be worth so much.  As more and more people figure they have worked long enough and want to let their money work for them, the sad irony is, like every other market, they drive down their rate of return by crowding into the market.  If nobody would buy bonds ( i.e., lend money to the government) then government bonds would pay a lot better.  What galls me is that banks pay  less than 5 percent out on interest, but charge up to 30 percent, with every possible excuse for a fee added on top.  We can go on all day ( and probably will) quoting parables and dueling cliches.  What I notice is that, when times are good, the guys who just made it want whatever was cool when they hadn't made it yet- hence the appeal of  Fender guitars and  muscle cars. Any time something becomes so "valuable" that you can copy it exactly and sell it at a profit, somebody is going to do just that.  If you look at all of the things that have gone DOWN in price (thanks to cheap labor and economies of scale, mostly) it gets pretty difficult to figure out if we are living better than we were.  I started to say that what hasn't changed is the amount of labor required to turn a seed into supper, but even that has yielded to a few labor-saving tricks over the years. By the way, I have a tiny baby Rutgers tomato on one of my plants- among dozens, if not hundreds of blooms. Woe be to the creature that disturbs it. 

May 20, 2010 7:38 AM
1046 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-10Hr-5 Willie Trask said...

Andy, you keep scaring that banker- maybe he will talk his bosses into at least throwing in a mixer or something.  The way currencies are moving, it looks like it might be a great time to take a trip to Europe soon. Oh, yeah and let's all be careful out there about gold fever...                                                                                                                                                                 willie

May 20, 2010 7:55 AM
Me_and_dave 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1Hr-10Hr-5 Andy said...

Willie -- when we were first married (a thousand years ago or so it seems to my husband :)   ); they did actually give you things --- we were able to take the same $25 to several banks and get a cutting board and knife (which I still have) -- as well, those were the days when gas stations gave you things as well -- dishes, glasses, NFL mugs -- plus cleaned your windows and checked your oil -- now they very kindly give me the finger.

May 20, 2010 9:09 AM
5211 10photoviews10videoviewsCom-100First-comFirst-photoFirst-videoHr-1 Dancingkatz said...

Everyone told me back in the 80's that I was making a mistake in not putting every spare cent I had into the stock market but now they are the ones crying about massive losses.  I think I got a better return on my discretionary income by using it to travel and buy books.  I still have most of the books I purchased over the years and I definitely have all the memories.  So long as I have enough to keep myself under roof, warm in winter, clothed andfed I figure I have it all.  Yes, some extra cash would come in handy so I can travel again and add to my memories but I refuse to be frantic about it. And when people talk about but you'll need it for retirement, I shrug.  I came to the conclusion when I was in my twenties that I would likely never be able to retire from working because no matter what I saved because costs were going to keep going up and the small amount I was able to set aside could never earn enough interest to provide me with a living income without working (yes, I did sit down and do the math and have done it again periodically, the situation isn't changing). Besides, I think I'll live longer if I stay connected with other people, something that's really hard to do when you have a fixed income that leaves nothing for more than the utter necessities. I've seen too many retired folks in that situation who end up isolated and miserable.
 
Regarding banks who gave you things when you opened an account and gas stations that gave away stuff when you bought more than 8 gallons of gasoline, I got my first toaster (that lasted nearly 20 years) when I opened my first checking account when I moved away from home after getting my first job. And for many years my glassware and dished are ones that my mother had collected from the Esso station or out of detergent boxes or from redeeming trading S&H Green Stamps.
 
As far as bankers warning you about fire and theft, a fireproof box or safe isn't that expensive, and so long as you are creative in where you keep it your money is safe.
 
I do use plastic (my debit card) because after having my purse snatched with the entirety of my just cashed paycheck in it once, I like that it would be more difficult for a thief to access my bank account. And today there aren't many grocery stores, gas stations or bookstores that won't take them. "Pre-approved" credit card applications that arrive in the mail get shredded and used as firestarter. Of course if they start charging me a fee to use it, I'll be back to using cash again.
 

May 20, 2010 9:28 AM
1198 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1Hr-10Hr-5 Doc Nolan said...

The best form of investment has always been one's head.... education, but even more than that, a thirst for knowledge and the power to cope with an ever-evolving environment.  I think spending money to make kids adventurous (rather than timid), knowledgable (rather than ignorant), skeptical (rather than gullible), independent (rather than docile), curious (rather than uninquisitive), and wise (instead of foolish)... these are ways to 'invest' in the future.  The 'return on investment' -- as with all investments -- is uncertain, but it beats buying fancy cars, or state of the art kitchen gear, or 'party clothes'.... 

more on the honor roll
May 20, 2010 9:36 AM
1198 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1Hr-10Hr-5 Doc Nolan said...

I love the Japanese phrase "Gambate!" It means 'Go for it!' or 'Do your best!' and every playground in Japan echoes with moms shouting it to their kids.  One hears it dozens and dozens of times a day (seriously!).  I wish I'd had folks shouting that at me during my childhood (instead of variations on 'obey').  I've tried to rectify that by repeatedly reminding my son over the years that failure is OK; learn from it and move on.  And if I were to offer a receptive 16 year old something of value, it would (definitely!) not be a car, but a standing offer to help him out of every failure and encouraging him/her to 'Go out and fail while you're young so you can learn... learn how to fail and recover, learn how NOT to repeat the same failing strategy, learn about others, learn about your world, and learn about your own strengths and weaknesses.  

May 20, 2010 9:43 AM
1198 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1Hr-10Hr-5 Doc Nolan said...

A good book: Michael Lewis's 'The Big Short' (available in paper and on Kindle): http://en.wikipedia.org/wiki/The_Big_Short#Summary ; .  How independence, logic, avoiding the herd, and so on can make one a lot of money.... also very educational should you be wondering how to short any possible 'sovereign debt default', as I and a few folks I know are.... 

May 20, 2010 9:59 AM
4224 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-reviewFirst-videoHr-1Hr-10Hr-5 RoadYacht said...

seed to supper...wish I had coined that phrase.   .   There was a site I had seen that used plastic soft drink/water bottles,hanging in rows,from windows in homes/apartments...a hydroponic hedge against food sources reacting to outside influence

May 20, 2010 10:05 AM
Feet_up 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-reviewFirst-videoHr-1Hr-10Hr-5 Thomas Typicalis said...

Great comments, Doc. I have customers who can't get money from Citi for new equipment though they have always made their payments. The institutional preference appears to be in high interest rate credit cards instead of funding small biz. All with practically 0% money at their disposal thanks to the Fed and the taxpayers. And we wonder why the unemployment rate rose today. The most cunning seem to devise ways in a Machiavellian sense to find success. Good advice to your son for my proverbial "ass whoopings" over the years have shaped me and going broke is painful but can be overcome. Losing your sense of getting up and having a shot of "Gambate" as you say means real defeat.  You take nothing with you as far as I know but your experiences. 

May 20, 2010 10:19 AM
1521 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-5 Shandonista said...

Doc's advice to get out there and make mistakes while you're young is excellent.  I have tried to encourage my daughter to do just that but she's also been efficiently taught by the school system to follow all the rules.  God knows, I try to make up for it by making plenty of mistakes that she can see and perhaps realize that even when you make mistakes, the world does not end.
 
I learned, by making a big mistake, a valuable lesson on the sailing racecourse just this weekend.  It took me a few days to get over the embarrassment but as there was little boat damage, I think my feeling foolish was the most significant result.
 
My daughter's school principal is encouraging all the 5th grade girls to intentionally do something for which they can be suspended before they leave for middle school.  Just the other morning, he asked her how much she wanted to punch Tom.  A lot, she replied, but I won't.  He then offered that she could at least flip him the bird.  Sadly, none of the girls has the guts to get in trouble.  He believes girls who don't learn to rebel/get in trouble are setting themselves up for failure.  If that's true, why aren't I the queen of the world?
 

May 20, 2010 10:22 AM
10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1Hr-10Hr-5 Stoney said...

 You are!

May 20, 2010 10:23 AM
Me_and_dave 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1Hr-10Hr-5 Andy said...

Dancing -- and green stamps too -- still have some of that stuff
 
You're right; I do have two very good fire-proof boxes and our stocks are mild -- be nice if they came back, but not killing us if they don't.

May 20, 2010 10:27 AM
First-comHr-1 TimTam1958 said...

Glad you brought up the beautiful town of Murray, KY.  I knew that Rabbit Hash, KY had elected a dog as Mayor (more than once!), because one hears it on virtually UK game or Cincinnati Reds game on radio (yes, there are still some of us Luddites who love radio) on those delightful Kentucky Farm Bureau commercials.  The question is, how does one get to Rabbit Hash, KY from Mount Washington, KY?

May 20, 2010 10:29 AM
Myself 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-reviewFirst-videoHr-1Hr-10Hr-5 Spring Fragrance said...

Sitting inside the ring, as a stockbroker, in some ways it is the most interesting job in the world. The stockmkt is a microcosm of society displaying powerful emotions of greed, fear, panic and euphoria. At the height of the internet bubble, excuses were being made for buying stocks at 400 times price/earning ratio - that means it would take you 400 years to recover your capital.  People forget that to everything there is a cycle; today you are witnessing the crumbling of structures and shifting of economic and financial borders. Capital markets are necessary h/e for the functioning of a civilsed society - it is where buyers and sellers of capital come together and a price is struck. It even has its place in the bible as in the Parable of talents.  If I can leave you with one simple advice, it is the Rule of 72 which you can use anywhere. Divide 72 by a given a rate of interest (either earned or paid), you get a close approximate of the number of years to double your money. So say at 10% dividend yield on your stock (and all else being equal and reinvested at same), 72 divided by 10 gives you a little over 7 years for the doubling of your capital. It also means that if you were borrowing at 10% interest you would have paid twice the principal in just over 7 years.
 
 
 

May 20, 2010 10:41 AM
Paolo 10photoviewsCom-100Com-300Com-500First-comFirst-photoFirst-reviewFirst-videoHr-1Hr-10Hr-5 paolos said...

There were quite a few of you all over this before the opening bell. Isn't it appropriate that the disorganized and chaotic method of trading had its origins in this country's taverns?  A good historical novel is The Whiskey Rebels and any good autobiography of Alexander Hamilton is also an eye opener.
  There are always people looking for ways to take our money and make it their own without giving back something of value.  I am amazed at the number of casinos being built even in these tough economic times. Casino or stock market, take your pick, what are the odds? Ben Bernanke gave a speech not more than 5 years ago regarding the global savings glut.  It is interesting reading in light of what has transpired in the last three years.  

http://www.federalreserve.gov/boarddocs/speeches/2005/200503102/default.htm

 DK, I hope you turned your cats loose on the purse snatcher.  I always thought that a good endorsement for S&H green stamps would be a billboard with a page of those things pasted on it preceded by a picture and caption Jesus saves...   Doc, I'm with you, I believe that education and persistence are invaluable.  Learn how to fail and learn when you fail.   I don't think any child should leave the first grade without the ability to read.  With few exceptions, it is not that difficult to teach a child to read. It is a crime that we allow it to happen, considering what we invest in education.  

May 20, 2010 12:23 PM
1-dscn1106-4 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-10Hr-5 PARK4 said...

paolos:  I liked the comment about the "disorganized and chaotic method of trading" -- I've wondered about that.  Everyone is so close together taking up far more of the space they're alloted on this earth, waving and shouting, screaming some of them -- I didn't know its origins were in the taverns of old, but that explains a lot of the behavior. 
 
I wonder why they didn't civilize themselves after a couple of centuries?  Unless they know that chaos breeds bad judgement, fast decisions, and catastrophic mistakes. 
 
I love the phrase "I have a seat on the Exhange." 
 
That being the case, why don't they sit in it?

May 20, 2010 12:40 PM
10photoviewsFirst-comFirst-photoHr-1 BongoBern said...

Find yourself a trustworthy, reliable asset manager. My family has been using Asset Management Group National Trust Bank for decades. I trust them implicitly! I hope you don't mind the blatant plug, but they deserve it!

May 20, 2010 12:42 PM
Paolo 10photoviewsCom-100Com-300Com-500First-comFirst-photoFirst-reviewFirst-videoHr-1Hr-10Hr-5 paolos said...

That chaos stuff was jpeterman's phrase up above.  As far as the seat on the exchange or in the ring, you might get a first hand response from Spring Fragrance.  She seems so placid and zen like, maybe that is what it takes to survive in that tumult. I keep hearing the ringing, clanging WHEEL OF FORTUNE of the nevada casinos and airports echoing in my head from my last trip there.  I have yet to take it for a spin.
 

May 20, 2010 12:59 PM
First-com Troll said...

Jalopkin is at it again you realy should do some homework before you type.  Only a third of the US Senate will be elected in the fall.  Why bemoan the stock market, it is what it is.  But it is not about an honest days work it is about trying to put your money to work.  Just remember to think of it as a city with out zoning or building codes.  It is a small goverment kind of place.

May 20, 2010 1:33 PM
Me_and_dave 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1Hr-10Hr-5 Andy said...

Shandonista; as a rule follower all my life, I find that appalling.  Rebellion just for the sake of rebellion doesn't make sense to me.  Rebellion for a cause, to right a wrong..okay,but just to rebel?  And these are sixth grade girls -- something wrong with that principal.
 
 

May 20, 2010 1:37 PM
Paolo 10photoviewsCom-100Com-300Com-500First-comFirst-photoFirst-reviewFirst-videoHr-1Hr-10Hr-5 paolos said...

TimTam To get to Rabbit Hash, I suggest that you portage up to louisville and paddle up river from there.  It's not a bad buggy ride either, but you may want to stay off the interstate.  There is nothing better than a ball game on the radio, especially if the Reds are winning.

May 20, 2010 1:59 PM
1521 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-5 Shandonista said...

Andy - I have to agree with you, when you put it that way.  My daughter is a real pacifist; she tolerates way too much from other kids. I have told her that if she feels it necessary to fight back, I will back her but she refuses to hurt someone on purpose, even if they started it.  It's a noble intention but I worry that because she is willing to tolerate annoyances, minor bullying, and stupid boys pinching, etc, she will grow up to tolerate worse abuse in the future.  I don't want her to be a bully, but I don't want her to be a doormat, either.
 
Parenting, like getting old, ain't for sissies.  Suppose the same can be said for growing up.
 
 

May 20, 2010 2:11 PM
10photoviewsCom-100Com-300First-comFirst-photoHr-1Hr-5 rwh1 said...

Doc N ;as to the term Gambate and go for it ,at my age I prefer to have it delivered.

May 20, 2010 2:29 PM
Stage_2 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-10Hr-5 JALOPKIN said...

thr: I wanna be smart as you when I grow up ... an I cain't hardly wait !!!
 
You know, it is beyond reason for one to believe that people will think of him as a Mental Giant, simply because he has a fat head .......
 
 

May 20, 2010 2:42 PM
Paolo 10photoviewsCom-100Com-300Com-500First-comFirst-photoFirst-reviewFirst-videoHr-1Hr-10Hr-5 paolos said...

Shandonista, I encourage rebellion and chaos wherever possible if offered in a law abiding and orderly manner.   My humble advice to your daughter would be to haul off and belt the principal in the belly, it will come as a surprise, may knock the wind out of him and won't do a lot of harm. Maybe they will both learn a valuable lesson.

May 20, 2010 2:49 PM
Photo 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1Hr-10Hr-5 Peter Lake said...

 I think today's topic is a logical progression of yesterday's thoughts on risk taking. If you choose an investment strategy/strategist that keeps its eye on the prize that you define while taking calculated risks that acknowledge and honor your financial tolerance for risk. 
And then keep your fingers and toes crossed while making your sacrifices to the prosperity gods that they will become very happy and remain consistently bullish....  

Meanwhile and far away...... there's always thesepia train club car to fall back on ‘cos there's never a cover charge and drinks are always on the caboose.

 

peace out


May 20, 2010 2:53 PM
Photo 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1Hr-10Hr-5 Peter Lake said...

and be wary of any expert who can instantly rationalize why their preditions, analysis and advice doesn't quite pan out...... it just means they have had a lot of practice 'esplainin' things thatgo awry....

May 20, 2010 2:54 PM
1-dscn1106-4 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-10Hr-5 PARK4 said...

to 'go to the mattress' has a whole new meaning when I think of where my money might be, or not.
 
Hi friend PL.  Later, for the train.  I'll be there, do you think we could arrange to have lots of stars to wish upon?  And I mean lots.  I have a whole bunch of wishes and I'm concerned about a shortage of stars to make them come true.

May 20, 2010 3:02 PM
Me_and_dave 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1Hr-10Hr-5 Andy said...

Shandonista -- I believe she should stand up for herself; i too have a daughter who is non-confrontational and will still not argue her point until...........it comes to her children.
 
Lindsay Lohan is, as we speak, thumbing her nose at authority in saying that she lost her passport and can't get back from France.  She will in all probability spend six months in jail....not worth it just because...........I believe what the principal is condoning is wrong, perhaps if he worded it differently; perhaps even setting up a scenario where they can "duke" it out so to speak in a non-violent way.

May 20, 2010 3:14 PM
1-dscn1106-4 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-10Hr-5 PARK4 said...

Yes.  I agree with that Andy.  I don't like the idea of hitting someone, because you've been wanting to hit the SOB for the past year.
 
That's just wrong, in a lot of ways.  I don't think people should be taught that solving a problem with anyone can be solved by hitting them.  That includes family members, too.  No hitting.  And socking the bully boy will only end up in a mess, with the bully boy ultimately seeking and finding his revenge on someone, bullies always do.
 
And just think:  the bullies get to do something bad that they've been wanting to do all year too, against someone else.  Wow.
 
I think the principal needs to revisit this idiot idea of his, and come up with something better.
 
I wonder if he's using those kids for a subject for a research paper, because never have I heard such nonsense from a principal of a school. 
 
 

May 20, 2010 3:26 PM
Photo 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1Hr-10Hr-5 Peter Lake said...

PARK4 - there will be galaxy upon galaxy of stars tonight, all dedicated to granting our well meant and heartfelt wishes.  be well - HUdson john

May 20, 2010 4:12 PM
1-dscn1106-4 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-10Hr-5 PARK4 said...

Thank you, HUdson John.  I knew I could depend on you.

May 20, 2010 4:25 PM
8251 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1 Kentucky Curmudgeon said...

To all who have asked about Rabbit Hash here is their wiki page.
http://en.wikipedia.org/wiki/Rabbit_Hash,_Kentucky
 
Rabbit Hash is located about half way between Cincy and Carrollton, Ky. on the banks of the Ohio River.
 
Ivan: Not sure about getting a t-shirt. But I am sure some enterprizing individual can/does make 'em. Also, Murray is in far western Ky, Salyersville in the far eastern part and Rabbit Hash in the northwestern. We even got some enlightened folk spread all over as evidenced in the election of Rand Paul. Makes my heart sing to see him spank the bejesus out of Tray Grayson. Will see how well he does this fall.

May 20, 2010 4:31 PM
Me_and_dave 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1Hr-10Hr-5 Andy said...

Park -- unfortunately, I have.  We lived in a small suburban community with a school that had a principal that was hidden away -- I don't want to get on my soap box, but it is a pet peeve of mine that poor teachers are allowed to achieve tenure and the poor principals are hidden in schools where it is thought they won't be noticed. 
 
I agree, this girl could be seriously hurt and the boy, if he's a bully or has anger issues, could end up doing some real harm -- There has to be a better way of addressing this.  I'm not an expert on the subject; just a mother of four -- of course the bullying issues arose and when they were very small, I just kept them away from that child and eventually so did others.  When they grew older, they learned how to handle it. 
 
We live in an area where there weren't too many "brunettes" :)  Our children had to deal with a bias that stemmed from ignorance -- they learned how to do it in a non-violent way and have to this day friends from high school and junior high (drat, will I ever remember that it's now middle school?).....those that couldn't get over it, were eventually cast aside.

May 20, 2010 4:43 PM
13091 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-10Hr-5 janej78 said...

Doc Nolan, perfect...your take on best investments.
 
Rolling Stone magazine has done some really excellent articles on Wall Street.  This one  makes you wonder why the blinders are still on and we let them get away with it.
 
http://www.rollingstone.com/politics/news/;kw=%5B3351,95912%5D
 
 
Shandonista, I agree with Andy...I'd be wary of that principal. Maybe your daughter would be interested and benefit from some sort of self-confidence building mental/physical  endeavor like rock climbing (there are safe indoor walls for learning), Tai Chi Chuan, Taekwondo, baseball, soccer, even dance.... just a thought. (I'm not saying she doesn't have self-confidence, but boosting it can be transformative)
 
 Paolo, thanks for the laughs...Ivan, you too...I always enjoy your posts..

May 20, 2010 4:47 PM
1-dscn1106-4 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-10Hr-5 PARK4 said...

Well, looks like the DOW fluctuated again.

 
Look at these photos...what drives these guys?

http://l.yimg.com/a/i/ww/news/2010/05/20/stocks-dive.jpg
 

May 20, 2010 4:54 PM
5211 10photoviews10videoviewsCom-100First-comFirst-photoFirst-videoHr-1 Dancingkatz said...

I'm heading home from work in a few minutes. After the day I've had a seat on The Sepia Train is just what I need. Is there a corkage fee if I bring my own wine? I just got a nice bottle of Greek red from a  vinyard near Nemea that I want to share.
 
Take care all. I'll see you on board.

May 20, 2010 5:02 PM
1-dscn1106-4 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-10Hr-5 PARK4 said...

Andy:  My daughter was one of the blondes, and she was targeted in middle school by a bunch of brunettes who didn't like her because...she was nice, smart, friendly, pretty, and easy to shove into lockers, because they were way way bigger than she was at 5'3".
 
My husband and I dealt with it privately with the principal.  I know what he promised to do, I don't know what he actually did, but those girls never bothered our daughter again.  In any way.  She didn't know we talked with the principal, and the superintendant of the district either.  Part of the deal was that the other girls didn't find out as well.
 
It just ended.  The bullies went away, I don't know what happened to them. 
 
Girls can be terrible to other girls.  Jealousy is something kids should learn to manage -- I'm tired of hearing about the girls who "have" what people want are at fault for having "it" -- and that the bullies are somehow justified in hurting them.  The bullies, aside from anger management, community service, and oh! gee! going to school and learning something -- they need to learn how to handle jealousy, because there will always be something that someone wants that someone else has, and they need to know that that's the way it is sometimes.
 
None of us, especially when we're younger, have all the cool attributes and 'stuff' that we wish/think we deserve.  That's life.  These bullies need to have someone get it through their hads that it's not the other girls' fault (the "have") -- and to take it out on her is as wrong as someone taking it out on them because they aren't a "have."
 
(the tags of "have" and "don't have" are not mine, but they're applicable, because they  illustrate how middle schoolers think of each other)

May 20, 2010 5:12 PM
Me_and_dave 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1Hr-10Hr-5 Andy said...

Park -- I understand exactly what you're saying; one of our daughters as well was targeted.  She's very bright, one teacher used the word "genius" though I wouldn't, always excelled at everything she set out to do:  scholastic, sports, career choice and now family.   My husband is an attorney (did you know that there was a word "richjewishlawyer"?  So, yes, she was targeted because she had it all; it got tiresome.  My son had to deal with a different kind of prejudice -- he went through the carpenter's union program to the tune of:  why are you taking this job from someone who needs it?  Oh I guess its because your father/mother own the company (we did not).  Th other two kids chose to handle it by remaining under the radar. 
 
Sometimes it's best to let them handle it or as you did, quietly go and handle it for them -- we've done both.

May 20, 2010 5:16 PM
Myself 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-reviewFirst-videoHr-1Hr-10Hr-5 Spring Fragrance said...

"I can calculate the motions of the heavenly bodies, but not the madness of people"..Sir Issac Newton. 


Scientific & philosophical thought work in the 17th & 18th Century, in the Newtonian fashion, created a Mechanistic Worldview. In the 20th C, this gave way to the Chance worldview...  chaos theory ..the "random walk" was popular. This is probably how a lot of people still perceive of the stock market. The Complex Adaptive worldview will likely be dominant in the 21st century.  It is where orderly patterns emerge out of lower level randomness (the opposite of the previous chaos theory). Some examples include our immune system,the brain, the neighbourhood, the stock markets, the global economy. Personally, I subscribe to the Method in the Madness so to speak.  ...lol...i cud probably go on somemore but will likely put U all to sleep...I see the Red Sea has engulfed Wall Street again & the A$ has collapsed (investors voting with their feet)...enjoy your train ride


 


 


 


 

May 20, 2010 5:40 PM
1-dscn1106-4 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-10Hr-5 PARK4 said...

Andy:  aren't you glad you're done with all that?  I sure am. ;)

May 20, 2010 6:25 PM
Stage_2 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-10Hr-5 JALOPKIN said...

JANE: I Thank You for your kind words ... We Try ... But it seems that one cannot please all of the people all of the time ... Figure out for this week that I am Batting .142, which is worse than most Pitchers ....... But, THANKS !!!
 
KY:  I've been all over Kentucky, and am familiar woth Murray and Salyersville, Louisville, Lexington, Owensboro and Princeton ... Just never criss-crossed Rabbit Hash, and figure it to be a rather fascinating place ... just don't know whether to expect Lilliputians, or Lorna Doone .......
 
Shandonista:  Looks like Chattanooga is suffering Sink-Holes in City Government as well as in the Streets .......

May 20, 2010 6:29 PM
13091 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-10Hr-5 janej78 said...

For any interested who don't already know, the photo contest winners are announced!

May 20, 2010 6:43 PM
1-dscn1106-4 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-10Hr-5 PARK4 said...

Jane, I went and I saw.  Well done, I'd say.  I love the images of the dresses by 'yearning eye" -- amazing!  I saw that you remarked on her work,
 
All the pictures are worthy of their wins. 
 
Congratulations to all!

May 20, 2010 7:23 PM
Paolo 10photoviewsCom-100Com-300Com-500First-comFirst-photoFirst-reviewFirst-videoHr-1Hr-10Hr-5 paolos said...

Jane, I knew the moment I saw all of those medals, that every other entry was toast.You cannot beat a war hero.  Sometimes some things are as they should be in the universe. I think camel racing should be a winter olympic event. And bloomers! If they aren't in the Owner's Manual yet...  I, for one, had a blast.  What about you Park 4?

May 20, 2010 7:41 PM
Bisa-avatar 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1 JaxZ said...

Jane, Paolos, It WAS a blast! I'm so grateful we continue here at the Eye. I talk to Jen almost daily and am trying to coax her on too. Paolos I have screenshots of some of your remarks that had us in stitches.

May 20, 2010 8:17 PM
Com-100Com-300Com-500First-comHr-1 bebe said...

SHANDONISTA..... Good to see you! I hope that principal has saved up a whole lot of money because if this is what he advocates he won't be employed much longer. As a teacher I completely cringed when I read this & thought, "Wow, what a moron!" Your daughter deserves better. Thank goodness she has a loving, intelligent mother.......
 
PARK & ANDY... I deal w/ bullies pretty harshly because it is painful to see them verbally & physically abuse other students. ( I teach 2nd grade and you would be amazed at how sophisticated bullying is at that age.) Kids have a right to go to school in an atmosphere that's safe & loving. Good on you for standing up for your babies!
 
DK..... after the day I had, I say just smash the bottle against a hard object to get to the nectar as quickly as possible......

May 20, 2010 8:17 PM
1-dscn1106-4 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-10Hr-5 PARK4 said...

Um...I didn't enter.  I love to take pictures, but I'm not much for competition.  As for preference, the first time I saw the camel jockeys I figured, this is IT.  I liked the soldier and the woman, and I liked the 3 boats, the colored boats, looked like the colors were picked out of a box of pastels. 
 
That's why I'm not much for competition.  Or judging art.  It's so much in the eye of the you-know-who, it's impossible to say which is best.
 
Or even "Which is most Peterman?"  I think only Peterman himself knows that.

May 20, 2010 8:19 PM
Paolo 10photoviewsCom-100Com-300Com-500First-comFirst-photoFirst-reviewFirst-videoHr-1Hr-10Hr-5 paolos said...

I don't know Jax, this is a tougher crowd on the front page.  They expect more forethought and less malice.  Not to mention that staying on topic thing.  Have you got any good tips for us?  I'll check back tomorrow after the opening bell.

May 20, 2010 8:44 PM
Com-100Com-300Com-500First-comHr-1Hr-10Hr-5 Carol said...

Park4--I completely understand the competition thing.   It's just not my thing at all...I understand that some really great things are the result of competition....but then, so are a lot of things the result of serendip!  When you do things because you love to do them external prizes are not necessary.

May 20, 2010 8:48 PM
Bisa-avatar 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1 JaxZ said...

Paolos: Well I do agree with you on the former but at least in the contest the malice was honest for what it was and didn't pretend to be otherwise. {{laughing}} Paolos your forays around, through under and above topic are fantastic, and always appreciated. How else can you examine a thing thoroughly but from all sides? My tip is to invest in what you love, it's the only thing that lasts. But you already know that.

May 20, 2010 8:55 PM
Bisa-avatar 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1 JaxZ said...

Carol~ You know what many of us considered the prize of the contest to be? The amazing friendships we formed with each other. It was like the biggest, non-juried art show gallery we ever walked through. It was so much fun runing into Paolos at every other picture and boosting the shy ones up and binding up the bruises that some sacastic t"wit" had thoughtlessly inflicted. Paolos was superb at that, and gentle Jane was often there with a kind word as well.

May 20, 2010 9:08 PM
Com-100Com-300Com-500First-comHr-1Hr-10Hr-5 Carol said...

JaxZ--that definitely is a prize that is pricelss!  I think you must be a friend magnet yourself.  You're one of those people about whom it's said that the only friends you don't have are those you haven't met yet!  You're kind of like the champagne of this train--you make all things bubbly and fun.

May 20, 2010 9:15 PM
Bisa-avatar 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1 JaxZ said...

Carol you are such a genuine, sweet spirit! Thank you! I've flint in me for sure, and a LONG way to go, but I surely do love people. You my dear, are easy to appreciate!

May 20, 2010 9:20 PM
Com-100Com-300Com-500First-comHr-1 bebe said...

I did not even know there was a photo contest........ I am clueless........ and it frightens me...................
 
I briefly looked at the winners.... the soldier is truly stunning. Reminds me of the LIFE magazine photos I would race home from school to devour.....
 
I will look at the rest soon.

May 20, 2010 9:37 PM
Com-100Com-300First-comHr-1Hr-10Hr-5 Gia said...

To JaxZ, I didn't get to check in yesterday, thanks so much for your kind words. As for today's topic, the stock market, I unearthed a few thoughts on today's topic: The market may be bad, but I slept like a baby
last night. I woke up every hour and cried.



 My broker and I are working on a
retirement
plan. Unfortunately, it's his!


 A long term investment is a short term investment
that failed. 

It was so cold today I saw a stockbroker with
his hands in his own pockets. 

 

May 20, 2010 9:42 PM
Bisa-avatar 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1 JaxZ said...

{{laughing while posting them to my financial manager...}}

May 20, 2010 10:51 PM
1521 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-5 Shandonista said...

Thanks for the kind words of encouragement.  She's a sweet, loving kid and I just hate to see people take advange of her nature.  Perhaps she takes after my mother, who told me this:  if you kill them with kindness, they never know how you truly feel and so you're always in control. 

May 20, 2010 11:12 PM
Bisa-avatar 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1 JaxZ said...

Shandonista~ I think bebe is right, she's incredibly fortunate to have you as her mother. She'll always have you as her Safe Harbor while you're working all this out. It's the toughest thing of all, isn't it, when the fight is picked not with us (who have some defences) but with our trusting children.

bebe~ I hope you have some peaceful rest and recouperation (and some equivalent of DK's wine) tonight... You so richly deserve it being on the front lines.

May 20, 2010 11:33 PM
Com-100Com-300Com-500First-comHr-1 bebe said...

JAX... Thank you. I am frantically working on a moronic online ceu course(s) that I am doing to renew my license. Seriously, I am watching "the Real Housewives of NY" and drinking wine and adding pointless posts to the ceu discussion site because that is what we are required to do. It's about as fruitful as giving money antihistamines to a meth cooker........

May 20, 2010 11:35 PM
Com-100Com-300Com-500First-comHr-1 bebe said...

Actually giving money & antihistamines to a meth cooker would be fruitful for them. I'm so confused......

May 20, 2010 11:54 PM
Bisa-avatar 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1 JaxZ said...

Awww, I think I understand! My neighbor who's a teacher is doing a similar course that is driving her nuts(!) and my daughter-in-love is trying to finish her nursing degree faster by doing summerscool online AND in 10am-6pm classes several days a week. What few braincells I have die just watching them struggling to do their best under the load. :(

May 21, 2010 12:11 AM
Bisa-avatar 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1 JaxZ said...

Bebe~ Hope your pillow's soft and deep, hope your slumber warm and deep. Good night!

May 21, 2010 12:12 AM
Bisa-avatar 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1 JaxZ said...

Warm and sweet!! Past my bedtime too! :)

May 21, 2010 1:43 AM
13091 10photoviewsCom-100Com-300Com-500First-comFirst-photoHr-1Hr-10Hr-5 janej78 said...

Jax, I have to agree with Carol...you are refreshing and I love your posts and... like you say, the best prize has been the friendships made. As far as the photo contest went...you, Jen, Cuislewest, Carol and several others were the ones who always had constructive things to say to everyone.....and then there was you Paolo...you had so many of us under your spell and certainly changed my way of looking at the photos and voting on them. You made the contest a lot of fun. I'm sure I recognize other villagers' names, if not from photos entered, then from comments made and I felt more at home here recognizing some of you.
 
Park4, I too loved those dress photos of Yearning Eye and was impressed when I learned she created them (simply put) from the emulsion of the polaroid....she cooked the photo in liquid and pushed the emulsion around to form the dresses and added a few garden flowers.. I know that is an over simplification, and probably not at all accurate, but that's the general idea.
 
Gia, too funny.
 
So many other posts I'd like to comment on too, so many of you are so knowledgeable, funny and smart...but I lose track, so I only comment on a few ...but I enjoy so many of you and what you have to say....Ivan, Stoney, Peter Lake, Michael, Bebe, Spring Fragrance, Andy, Shandonista, Dancingkatz, rwh1, Kentucky Curmudgeon, Road yacht, Willie Trask, Julia Masi, Doc Nolan and Hazel. ...I didn't mean to start naming names, but once I started I didn't want to leave anyone out....though I'm sure I have and I'm sure none of you need pats on the back from me, but I'm happy to be here.....oh geez, anyone have a tissue? I think I'm losing it.

May 21, 2010 3:04 PM
Bisa-avatar 10photoviews10videoviewsCom-100Com-300Com-500First-comFirst-photoFirst-videoHr-1 JaxZ said...

The feeling is mutual Jane. You add so much. :)

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Poll

Best Investment Movie?

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  • Enron: The Smartest Guys in the Room  Enron: The Smartest Guys in the Room  9%
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