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Posts Tagged ‘The Onion’

Candidate May Have Lied About Heroic Death In Vietnam

Candidate May Have Lied About Heroic Death In Vietnam

JUNE 14, 2010 | ISSUE 46•24, The ONION

Wilfred (inset), and the place he claims to be buried. Photo: The Onion 

MONTGOMERY, AL—In a major scandal that could cast doubt on his political future, U.S. Senate candidate Chris Wilfred came under fire this week for comments he made alleging he had died heroically while fighting in the Vietnam War.

Wilfred made the controversial claim during a speech Monday honoring three American soldiers recently killed in Afghanistan.

"I know all too well the depth of their sacrifice, for I myself was killed on a battlefield far away from home," Wilfred, a three-term Democratic state representative, said to a crowd of hundreds. "But we who have laid down our lives—whether in Vietnam or Afghanistan—have done so with the knowledge that our deeds have kept our country safe."

Added Wilfred, "Their deaths, like mine, were not in vain."  

Following the speech, critics pounced on Wilfred’s comments, accusing him of overstating his military record for the sake of scoring political points. 

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The Onion: Goldman Sachs, Noam Chomsky and Google’s Smart Phone

The ONION reports on Goldman Sachs’s misadventures, Noam Chomsky’s decision to enjoy the day, and Google’s new "whisper in your ear" smart phone service. 

The Case Against Goldman Sachs

The Securities and Exchange Commission’s lawsuit against Goldman Sachs is revealing a cavalier culture in which the firm invested recklessly and bet against its own clients. Here are some of the company’s questionable practices:

Goldman Sachs Executives Testify At Senate Hearing On Financial Crisis

  • Created its own blood bank and sat on all deposits until the Haitian earthquake
  • Tried their hardest to dissuade risk-loving pensioners and teachers’ unions from buying into unsound derivatives, but in the end it wasn’t enough to stop them
  • Drove up commodity index while hedging against price increases by maintaining a 20-acre facility crammed with full barrels of crude oil, stockpiled bales of cotton, and tens of thousands of lean hogs….
  • [...] 

  • Invested in the highly lucrative underground organ trade through its Mexican subsidiary Goldmando Saques

 More here.>>

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Exhausted Noam Chomsky Just Going To Try And Enjoy The Day For Once

Chomsky Criticizes U.S. Foreign Policy

LEXINGTON, MA—Describing himself as "terribly exhausted," famed linguist and political dissident Noam Chomsky said Monday that he was taking a break from combating the hegemony of the American imperialist machine to try and take it easy for once.

"I just want to lie in a hammock and have a nice relaxing morning," said the outspoken anarcho-syndicalist academic, who first came to public attention with his breakthrough 1957 book Syntactic Structures. "The systems of control designed to manufacture consent among a largely ignorant public will still be there for me to worry about tomorrow. Today, I’m just going to kick back and enjoy some much-needed Noam Time."

"No fighting against institutional racism, no exposing the legacies of colonialist ideologies still persistent today, no standing up to the widespread dissemination of misinformation and state-sanctioned propaganda," Chomsky added. "Just a nice, cool breeze through an open window on a warm spring day."

Sources reported that the 81-year-old Chomsky, a vociferous, longtime critic of U.S. foreign policy and the political economy of the mass media, was planning to use Monday to tidy up around the house a bit, take a leisurely walk in the park, and possibly attend an afternoon showing of Date Night at the local megaplex.

Sitting down to a nice oatmeal breakfast, Chomsky picked up a copy of Time, a deceitful, pro-corporate publication that he said would normally infuriate him.

"Yes,


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Nation Sickened By Sight Of Happy Young Couple

Fake exaggerated, but funny, news from The Onion:

Nation Sickened By Sight Of Happy Young Couple

OAK PARK, IL—Though sharply divided on the war on terror and domestic controversies such as abortion, drugs, and gay marriage, Americans are in almost unanimous agreement over one issue: that Oak Park, IL couple Dave Petrun and Julie DeSimone are totally sickening.

Enlarge ImageThe happiest goddam couple in the whole world.

"It’s like they think they’re the first couple to ever fall in love in the history of space and time," said Boston resident Allison Clark, one of millions of people who say they want to shoot themselves in the face after observing the tender relationship between Petrun, 28, and DeSimone, 25, evolve over the last four months.

According to an ABC News–Washington Post poll released Monday, a significant majority of Americans believe the couple’s persistent displays of affection, which include almost constant hand-holding, mutual giggling, and insufferably coy little kisses, were "f*%king ridiculous." An overwhelming eight out of 10 polled said they wished the couple would die, preferably in a fiery automobile accident. 

Continue Happy Young Couple here.>>


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Congress in action (humor)

Example of Congressional oversight and idiotic solutions, by The Onion.

Congress Announces Plan To Hide Nation’s Porn From Future Generations


Congress Announces Plan To Hide Nation’s Porn From Future Generations

See Also:  U.S. Flag Recalled After Causing 143 Million Deaths, The Onion 


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Ford Unveils New Car for Cash-Strapped Buyers: The 1993 Taurus

Ford Unveils New Car for Cash-Strapped Buyers: The 1993 Taurus

Hilarious Onion video:

http://www.theonion.com/content/video/ford_unveils_new_car_for_cash


Ford Unveils New Car For Cash-Strapped Buyers: The 1993 Taurus

 


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The ‘Real’ Reason Unemployment Is Rising

The ‘Real’ Reason Unemployment Is Rising

Courtesy of Michael Panzner at Financial Armageddon

Nowadays, the airwaves are filled with talking heads who claim to know what went wrong and where things are headed. Personally, I think The Onion, the satirical online news source (and a long-time favorite of mine), has more credibility than some of these so-called experts. In their latest report, "More American Workers Outsourcing Own Jobs Overseas," they detail the real reason why unemployment is rising.

(Hat tip to Fund My Mutual Fund for today’s helping of much needed black humor.)

 


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The Onion on Technical Analysis

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technical analysisThe Onion on Technical Analysis

TraderMark at Fund My Mutual Fund

I often say to people that technical analysis (aka squiggly line analysis) is a bunch of hooey but something that must be respected. It only works because so many people believe in the hooey – I mean why is the 200 day moving average so important? Why does the 142 day or 277 day get no love? My parallel is, if you sold sweaters in Miami and you noticed a trend that each time the temperature went over 90 degrees sweater sales shot through the roof, you’d say people were crazy. But if it happened, and you were a sweater salesman you’d respect it and stock up on sweaters ahead of the heat wave. So it is with technical analysis …

Further, my belief as high frequency trading (HAL9000 aka algorithims) and the like take over more and more of the market (now people are saying >50% of all daily volume is HFT!) technical analysis is only growing more in importance. Computers don’t buy fundamentals. While I still like buying fundamentally good stories, you can see many times stocks go up or down based on the chart – bad or good fundamental stories mean little. While I find it sad from a "historical basis of what the stock market used to be about" it is what it is, and I adjust to the market to make money.

So with all that said, someone forwarded me a post (again hat tip Clusterstock for this one) from the Onion that showed as we were coming off the last major stock market bubble that technical analysis was blossoming… what I love is however insane it reads, there is a lot of truth in the phrasing in how we interpret the market today!

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The Onion: Blue Line Jumps 11 Percent

NEW YORK–Excitement swept the financial world Monday, when a blue line jumped more than 11 percent, passing four black horizontal lines as it rose from 367.22 to 408.85.

It was the biggest single-day gain for a blue line since 1994.

"Even if you extend the blue line’s big white box back many vertical lines, you won’t find a comparably large jump," said Milton


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Brilliant Satire Via The Onion……. “U.S. Government Stages Fake Coup To Wipe Out National Debt”

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Brilliant Satire Via The Onion……. "U.S. Government Stages Fake Coup To Wipe Out National Debt"

Courtesy of Jan-Martin Feddersen at Immobilienblasen

I also recommend to read the following brilliant satire Nation Ready To Be Lied To About Economy Again via The Onion. I´m not so sure that this "wish" hasn´t already become reality…… ;-)

Genauso brilliant der nachfolgende Clip ist Nation Ready To Be Lied To About Economy Again ebenfalls vom US Satiremagazin "The Onion". Obwohl ich mir nicht sicher bin ob der geäußerte Wunsch nicht längst in die Realität umgesetzt worden ist….. ;-)

H/T The Mess That Greenspan Made


U.S. Government Stages Fake Coup To Wipe Out National Debt

 

 


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Cash4Gold to buy the U.S. gold reserves?

In case you missed it, here’s The Onion video that sparked the confusion.

 

Cash4Gold to buy the U.S. gold reserves?

Courtesy of Tim Iacono at The Mess That Greenspan Made

Last week, after seeing it pop up in a number of other places, this video from The Onion about Cash4Gold wanting to buy all of the 8,000+ tonnes of U.S. gold reserves was shared here because, well, it was pretty darn funny.

You’d think that would the end of this story but, yesterday, Commodity Online (originating from India and, perhaps, not all that familiar with American-style satire) ran this story about the video, apparently not realizing that The Onion is not really "American’s Finest News Source" but a satire website offering only fake news.

IMAGE Cash4Gold, America’s leading buyer of precious metals direct from the general public, announced an offer to purchase the U.S. national gold reserve for $240 billion.

Cash4Gold stated in a press release that it learned of the federal government’s plan to turn the nation’s gold into cash after the Onion News Network broke the story at the Radio and Television Correspondents’ Association Dinner in Washington last week. President Obama and scores of other political and media leaders were on-hand as the Onion aired a video news segment announcing the emergency economic plan aimed at helping the United States pay off its debts.

Now, these Onion videos are good, but they’re not that good…

The funniest part about this whole thing is that it brings a bit more attention to the absurdity of the numbers. The U.S. government has already made some $13 trillion worth of guarantees as a result of the financial crisis, it has a debt of over $11 trillion, and a 2010 budget deficit of almost $2 trillion, but their entire gold reserves are only worth a little over $200 billion.

Appearing on The Onion to explain the government’s plan to work with Cash4Gold, Deputy Treasury Secretary Edward Kuehnel estimated the value of the pure gold bars that comprise the U.S. federal gold reserve at $200 billion. Cash4Gold’s unprecedented $240 billion offer reflects the full melt value of the U.S. stockpile, plus an added 20 percent. Melt value refers to


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Chart School

Michigan Consumer Sentiment for November Slightly Trims Its Strong Preliminary Reading

Courtesy of Doug Short.

The Final University of Michigan Consumer Sentiment for November came in at 88.8, a bit off the 89.4 preliminary reading but up from from the October Final of 86.9. As finaly readings go, this is a post-recession high and the highest level since July 2007, over seven years ago. Today's number came in below the Investing.com forecast of 90.2.

See the chart below for a long-term perspective on this widely watched indicator. I've highlighted recessions and included real GDP to help evaluate the correlation between the Michigan Consumer Sentiment Index and the broader economy.


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Zero Hedge

He Blew THeM ALRiGHT...

Courtesy of ZeroHedge. View original post here.

Submitted by williambanzai7.

.

 

"We blew it..."

Schmuck Schumer

...

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Phil's Favorites

The Brutal Monotony of All Time Highs

The Brutal Monotony of All Time Highs

Courtesy of 

There’s only one subtle joke in the film Anchorman and it involves the fact that the San Diego news team’s weather man has a sub-100 IQ. In a city where “72 and sunny” is the forecast 365 days a year, even Brick Tamland has no problem reliably delivering this news to the viewers.

In the chart below, via my firm‘s Research Director Michael Batnick, you’ll see the S&P 500 ETF overlaying a chart indicating new all time high closes (in red). The monoton...



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Insider Scoop

Morgan Stanley: Nimble Storage Increased Its Market Four-Fold

Courtesy of Benzinga.

Nimble Storage Inc (NYSE: NMBL) reported its third quarter results on Tuesday after market close. The company reported a loss of $0.15 per share, slightly better than the $0.16 per share loss analysts were expecting, while revenue of $59.10 million was higher than the $57.75 million analysts were expecting.

In a note to clients on Wednesday, Katy Huberty of Morgan Stanley noted that the company “continues to disrupt the storage market” as new customer adoption doubled year-over-year, increasing its installed base to more than 4,300 customers.

The analyst also notes that international investments are “beginning to pay off” as revenue grew 135 percent from a year ago, contributing 20 percent of total revenue in the quarter.

However, Huberty singles out the addition of the Fibre Channel (FC) protocol. The analyst states that the company has now ex...



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All About Trends

Mid-Day Update

Reminder: David is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Sabrient

Sector Detector: Holiday fever takes hold of stock investors, but a pullback is needed

Courtesy of Sabrient Systems and Gradient Analytics

With warmer weather arriving to melt the early snowfall across much of the country, investors seem to be catching a severe case of holiday fever and positioning themselves for the seasonally bullish time of the year. And to give an added boost, both Europe and Asia provided more fuel for the bull’s fire last week with stimulus announcements, particularly China’s interest rate cut. Yes, all systems are go for U.S. equities as there really is no other game in town. But nothing goes up in a straight line, not even during the holidays, so a near-term market pullback would be a healthy way to prevent a steeper correction in January.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based Sector...



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Digital Currencies

Bitcoin Mining

Bitcoin Mining

Courtesy of Global Economic Intersection

By Rod Garratt and Rosa Hayes - Liberty Street Economics, Federal Reserve Bank of New York

In June 2014, the mining pool Ghash.IO briefly controlled more than half of all mining power in the Bitcoin network, awakening fears that it might attempt to manipulate the blockchain, the public record of all Bitcoin transactions. Alarming headlines splattered the blogosphere. But should members of the Bitcoin community be worried?

Miners are members of the Bitcoin community who engage in a proce...



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OpTrader

Swing trading portfolio - week of November 25th, 2014

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's the Happy Thanksgiving Edition of Stock World Weekly!

Click on this link and sign in with your PSW user name and password. 

Picture via Pixabay.

...

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Market Shadows

Official Moves in the Market Shadows' Virtual Portfolio

By Ilene 

I officially bought 250 shares of EZCH at $18.76 and sold 300 shares of IGT at $17.09 in Market Shadows' Virtual Portfolio yesterday (Fri. 11-21).

Click here for Thursday's post where I was thinking about buying EZCH. After further reading, I decided to add it to the virtual portfolio and to sell IGT and several other stocks, which we'll be saying goodbye to next week.

Notes

1. th...



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Option Review

Yamana Gold call options sink

Yamana Gold call options sink

By Andrew Wilkinson at Interactive Brokers

A four-year low for the spot price of gold has had a devastating impact on Yamana Gold (Ticker: AUY), with shares in the name down at the lowest price in six years. Some option traders were especially keen to sell premium and appear to see few signs of a lasting rebound within the next five months. The price of gold suffered again Wednesday as the dollar strengthened and stock prices advanced. The post price of gold fell to $1145 adding further pain to share prices of gold miners. Shares in Yamana Gold tumbled to $3.62 and the lowest price since 2008 as call option sellers used the April expiration contract to write premium at the $5.00 strike. That strike is now 38% above the price of the stock. Premium writers took in around 16-cents per contract o...



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Pharmboy

Biotechs & Bubbles

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

Well PSW Subscribers....I am still here, barely.  From my last post a few months ago to now, nothing has changed much, but there are a few bargins out there that as investors, should be put on the watch list (again) and if so desired....buy a small amount.

First, the media is on a tear against biotechs/pharma, ripping companies for their drug prices.  Gilead's HepC drug, Sovaldi, is priced at $84K for the 12-week treatment.  Pundits were screaming bloody murder that it was a total rip off, but when one investigates the other drugs out there, and the consequences of not taking Sovaldi vs. another drug combinations, then things become clearer.  For instance, Olysio (JNJ) is about $66,000 for a 12-week treatment, but is approved for fewer types of patients AND...



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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!




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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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