Steven Thorpe

Dancing Pigeons – Ritalin

admin — Wed, 04 Aug 2010 12:45:20 +0000

Dancing Pigeons - Ritalin from Blink on Vimeo.

Lisa Simpson is getting married today!

admin — Sun, 01 Aug 2010 15:21:59 +0000

Volvo P1800

admin — Sun, 18 Jul 2010 18:26:21 +0000

Tesla Motors: Not so different after all

admin — Wed, 07 Jul 2010 16:33:29 +0000

“This makes sense. The underwriters of the IPO, led by Goldman Sachs, could only support the shares for so long before market forces took over. And the market, in turn, has shown intense skepticism for cleantech stocks over the past five years.

It’s a pattern most visible with IPOs of solar companies. In 2004 and 2005, there was a golden age of growth for solar companies, with big venture capital investments. In 2006, there was a strong wave of such IPOs, and their stock prices fizzled within six months. This year, again, solar company Solyndra had to pull its IPO. The problem then, as now, was always the same: high costs and low profits. Clean technology is expensive, and it doesn’t have the benefit of the extensive government subsidies that go to fossil fuels like oil.”

A short but great article on Forbes.com regarding IPOs of cleantech companies – http://wallstreet.blogs.fortune.cnn.com/2010/07/07/tesla-motors-not-so-different-after-all/?source=yahoo_quote

Market forecaster and social theorist Robert Prechter says run for the hills

admin — Tue, 06 Jul 2010 13:50:32 +0000

Mr. Prechter is convinced that we have entered a market decline of staggering proportions — perhaps the biggest of the last 300 years.
“I’m saying: ‘Winter is coming. Buy a coat,’ ” he said. “Other people are advising people to stay naked. If I’m wrong, you’re not hurt. If they’re wrong, you’re dead. It’s pretty benign advice to opt for safety for a while.”
His advice: individual investors should move completely out of the market and hold cash and cash equivalents, like Treasury bills, for years to come. (For traders with a fair amount of skill and willingness to embrace risk, he suggests other alternatives, like shorting the market or making bets on volatility.) But ultimately, “the decline will lead to one of the best investment opportunities ever,” he said.
For a rough parallel, he said, go all the way back to England and the collapse of the South Sea Bubble in 1720, a crash that deterred people “from buying stocks for 100 years,” he said. This time, he said, “If I’m right, it will be such a shock that people will be telling their grandkids many years from now, ‘Don’t touch stocks.’ ”
He has far less day-to-day influence now, after years spent developing a theory he calls “socionomics,” which holds “social moods” as the cause not only of market cycles but also of economic and political events. A grand cycle is ending, he says, and the time for reckoning is near.
In 2002, he published “Conquer the Crash,” which predicted misery ahead. Even so, he said in 2008 that the market would soon rally sharply — then said late last year that stocks were about to fall and that the great decline would resume.

Read the whole article – http://www.nytimes.com/2010/07/04/your-money/04stra.html?ref=general&src=me&pagewanted=all

Vuvuzela vs Munch

admin — Thu, 17 Jun 2010 11:26:26 +0000

1999 BP Advertisement

admin — Sat, 15 May 2010 16:11:58 +0000

I would think they wish this never surfaced again -

The A-Team

admin — Wed, 21 Apr 2010 18:59:34 +0000

This picture is great

admin — Wed, 17 Mar 2010 14:16:03 +0000

Mick Jagger and Nicaraguan Bianca Perez Morena de Marcias just after their wedding in St Tropez, France on 12 May 1971

Investors Who Foresaw the Meltdown

admin — Tue, 16 Mar 2010 13:13:59 +0000

Finally, there is the “garage band hedge fund” started by Jamie Mai and Charlie Ledley in 2003 with a Schwab account containing $110,000 and housed in a shed in the back of a friend’s house in Berkeley, Calif. Mr. Ledley believed, Mr. Lewis writes, “that the best way to make money on Wall Street was to seek out whatever it was that Wall Street believed was least likely to happen, and bet on its happening.” In this case, his contrarian instincts told him, in Mr. Lewis’s words, that “the markets were predisposed to underestimating the likelihood of dramatic change.”

Four and a half years later the American economy was in trouble, and, Mr. Lewis says, the fund run by Mr. Ledley, Mr. Mai and their partner, Ben Hockett, would net more than $80 million.

Continue reading – http://www.nytimes.com/2010/03/15/books/15book.html?src=me