The futures were falling Monday night as trading resumed following the long holiday weekend. The E-Mini S&Ps have been as low 1081.25, down ten points, but that is still somewhat shy of a minor Hidden Pivot support at 1076.00 that we'll use as a minimum downside objective for now. Night owls can try bottom-fishing using a 1076.25 bid and a three-tick stop-loss, but it's probably not worth much more than that, since traders could be in a surly mood due to the mostly unsettling news over the weekend. _______ UPDATE: We were stopped out for small change when the futures came down to 1069.00 overnight. Schizophrenic behavior colored the remainder of the day, with a rally in the first hour to 1094.50, then a 20-point selloff into the close that left the futures down around 15 points on the day.
Tuesday, June 1, 2010
Facebook Hottie Has a Dark Side
– Posted in: Commentary for the Week of March 8Quite the hottie, isn’t she? That’s “Rita Wilson” pictured below, and we didn’t think twice about adding her as a Facebook friend when she sent us a request a while back. We figured we’d find out later who she was, but we were wrong. She doesn’t answer e-mail queries, and Googling the name brings up only the actress Rita Wilson who is married to Tom Hanks. This Rita Wilson’s Facebook biography says she lives in San Francisco. Because we lived there ourselves for more than 20 years, we thought that maybe there was a connection through some mutual friend or acquaintance. Alas, as far as we’ve been able to determine, Rita Wilson doesn’t exist in the flesh. Rather, she appears to have been concocted by some PR firm tasked with hyping the shares of publicly traded companies. This wasn’t so obvious to us at first, since Rita’s long list of Facebook friends comprises actual people from all over the world – people with eclectic interests and quirky things to say. There’s Claire Louise Hay, for one, who wonders why her fish have been going haywire: “Why [do] my barb fish have such a life-defeating reaction to stress? When startled, they leap out of the water, usually hitting the lid, but sometimes hitting the kitchen surface or the floor. It’s a wonder they’re not extinct.” This is not the kind of stuff you can make up, even if Rita Wilson is. Rita’s Corporate ‘Likes’ As the weeks went by, however, the ever-expanding list of “Likes and Interests” linked from Rita’s Facebook page began to look more and more like the client list of a public relations firm. Many of the companies are based in China, mainly in energy and resource-related businesses, but there are also some American firms, including Dreamworks and
