Weekend Open Thread   4 comments

I am going to be busy for most of the day, so I probably won’t be making any trades. So I am going to cheat and post the weekend open thread early. Feel free to discuss whatever you like.

I will throw in my normal musical topic, but this week I am featuring one of my favorite 1980’s singers, Taylor Dayne. I saw her live in concert back in the early 90’s, and she put on a good show. Of all the 80’s singers, Dayne had one of the most unique sounds, as well as some powerful vocals, which gave her songs an intensity which many singers lack. My favorite three Dayne songs (although I enjoy all of her songs):

1. Don’t Rush Me (1988): If you listen to the lyrics, this song isn’t really all that special. It is really Dayne’s stong vocals that make it work:

2. Can’t Get Enough of Your Love (1993): How many female singers would dare to take on a Barry White classic? Dayne did, and she was more than up to the task:

3. Love Will Lead You Back (1990): I would be remiss if I didn’t include one of Dayne’s slow songs, and this one is her best, in my opinion. Ironic note from Wikipedia: “On American Idol it has been covered three times, by Carmen Rasmusen (season 2), Mikalah Gordon (season 4) and Karen Rodriguez (season 10). All three were eliminated the next night after their performances of that song.” Take my advice, covering Taylor Dayne can be hazardous to your career. She OWNS her songs!

Have a good weekend folks!


Posted March 28, 2014 by edmcgon in Music, Open Thread

4 responses to “Weekend Open Thread

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  1. As the market continues to move sideways, I’ve been giving some thought as to what is going to change the trend. Since 70% of the US economy is driven by the consumer, we’re going to have to see a much better housing market to move the markets higher. Corporations are just fine with their profits and cash positions. There is no reason for them to take the risk of expanding their business unless they believe the consumer will be there to buy their products. For most people their house is the major asset. If they do not increase in value and housing is not affordable, I don’t believe the consumer can push our economy higher. My guess is we stay flat for the next couple of months as we see how the start of the housing season plays out. If there is no positive movement, I think the market will get nervous and we could see the start of a correction. All bets are off if there is a big surprise. Unless that happens, it looks like the status quo for now.

    • Trader,
      That’s a good assessment of the U.S. economy. What I think the problem will be is in the world economy. As the Fed withdraws liquidity, the world economy will be the first area to feel it. We are already seeing signs of trouble in China. While I see the Russia-Ukraine situation as a sideshow, the problem there will come in the developed world’s response to it. Also, if China sees the Russia situation and our response to it as an excuse for their own expansion (Taiwan maybe?), that could add another element of isolationism to the world economy.

      • Ed, I think it is very difficult to predict how the world economy will react to our Fed. Asia is different than Europe, Europe is different than South America. Then you have different economies within regions. China is different than Japan, Germany is different than France and so on. Since the crisis and the Fed’s manipulation is all a first we have no idea how this will end. Trying to make investment decisions predicting the outcome seems like nothing more than a crap shoot. My advice is to have a plan to make money in any type of market, know the tools that are available and how to use them. If you are a long term investor the monthly and weekly trend is the most important to try and follow. If you are a trader, daily and intraday are your trends to watch. Watch the charts. If you are not a technician, then watch the moving averages and watch the price action no matter what time frame you are following. Those two things will improve your odds and help to keep you on the right side of the trend.

      • Trader,
        While all that is true, keep in mind that all of the world’s economies are inter-related, because of world trade. One of the problems that led to the Great Depression was isolationism becoming common policy, effectively damaging world trade to the point the entire world suffered from the Great Depression.

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