A US artist and inventor has come up with his latest creation - meat shorts.



Kasey McMahon, 34, from Los Angeles, says the shorts are intended for US vice president Dick Cheney.

He told Ananova: "Dick Cheney definitely has the figure for them. I think he'd look rather fetching in them, yes?

"Also, my little brother is in Iraq right now (not kidding about that one). I don't quite know how to deal with that, consequently, things like meatshorts for Dick Cheney and the GOP (US Republican Party) happen."

He has posted instructions on how to make them on the www.instructables.com website.

http://www.instructables.com/id/EAM8HHGF2NOBP8U

Story from Ananova

http://finance.yahoo.com/intlindices

http://money.cnn.com/markets/morning_call/










http://www.kitco.com

Energy futures

Currencies/Au/Ag

AllOrbs up today, but still in a 6 week sideways crawl.



Don't really understand the ins and outs of this, but Sumitomo Metal announced lower copper smelting and refining pricing and promptly tacked on 2%+ in Tokyo.

BHP made a similar announcement and promptly U-turned after an opening gap up to end barely up for the day.


Otherwise, all sectors green on the ASX except for REIT's. Smallcraps still lagging.

Severe storms that hit New South Wales last week have shutdown coal loading at Newcastle, Oz's largest thermal coal loading port.

BHP, Rio Tinto and Xstrata have all declared "force majeure" on deliveries to Souteast Asian utility customers.

FDG ended the day with a 3 handle for the first time in months. Could get a little boost here on the "force majeure" declarations in OZ.

China Factory Investment Surges, Adding Rate Pressure

By Nipa Piboontanasawat

June 15 (Bloomberg) -- China's factory and property investment surged, fueling speculation that an interest-rate increase is imminent after exports, industrial production and inflation accelerated.

Fixed-asset investment in urban areas rose 25.9 percent in the first five months from a year earlier to 3.2 trillion yuan ($420 billion), the statistics bureau said in Beijing today. The increase was 25.5 percent in the first four months.

The final indicator for May underscores the government's failure to cool an economy that grew 11.1 percent in the first quarter. Premier Wen Jiabao this week highlighted the risk of an investment rebound and signaled that the central bank may need to raise borrowing costs for a third time this year or further curb bank lending.

Story

Euroland







http://finance.yahoo.com/intlindices?e=europe



www.euroland.com

Does Fording ship to Asia? I thought that they had tons of business just with the US and one of their big advantages was their ability to ship via rail.

Speaking of turning worms, any thoughts on MOT?

IF there is a play on FDG (or BTU, et al) its a play on coal futures....not where they ship to.


Coal Futures


MOT?

Buy the phones, not the stock.

Speaking of coal, wheat is hot right now……wearing a 6 handle per bushel for the first time in about 10 years.


SASKATCHEWAN WHEAT POOL INC
AUSTRALIAN WHEAT BOARD
QBalls

90 Day chart

SWEET !
_____________________________

AP
Super Rich Seek New Heights in Pampering
Friday June 15, 2:36 am ET
By Anne D'Innocenzio, AP Business Writer
AP Centerpiece: Super Rich Seek New Heights in Pampering, Price Tags and One-of-a-Kind Items


NEW YORK (AP) -- Forget about the $350 stilettos. Shoes with status these days come with $1,000 price tags. And $600 handbags have become so bourgeois. A-listers don't want to be seen with anything costing less than $5,000.

http://www.nbc10.com/education/13495112/detail.html

Footsie within 3 points of a new 52week/Multi-year high.

They take it out and the SandPee bulls might get all charged up....

Goldman upgraded Intel this morning.

UFB, Geez glad I am not short

After 4 years of this sh*t, I believe this is it. One more push up, then I'm shortin' with the ranch.

No great exuberance in the bond pit in light of CPI. Speaks volumes IMO.

Still holding my GOOG JUNE 510 calls at .55. Last trade at .25, let's hope GOOG gets invited to the party today. It's currently up 4 bucks to 506.86. A move to 515 would be nice.

looks as if oil is brewing for a spike up...that could be trouble for the equity mkts....very tempting to short right here right now

Just sold half at .95...
Will ride the other half.

.21 trin

Let me see if I got this straight.
Inflation is running at 8.7% annualized and that's good?

Just shorted ES at 1551.

Between yesterday and this morning I made enough to pay for college tuition, room and board for next year. I closed out some huge long positions and am 100% in cash.

Thanks to the board for your insights this week.

went short SPY 153.20

What are you talking about?

Of course, it's good.

Everything is good!

I sure hope we get to 10% on the TNX, because the DOW will be at 25,000 then.

Nice trading.

was there a dividend paid out on the SPY seems es is up 11 and spy up .45

Buying JUL qqqq 48 puts here

DJ Fed Accepts $11.5 Bln In 3-Day RPs

Type of transaction: 3-Day RPs
Total accepted: $11.5 Bln
Total submitted: $35.4 Bln

Agency Collateral Operation
Total accepted: $7.749 Bln
Total submitted: $12.45 Bln
Stop-Out Rate: 5.27%
Weighted Average: 5.28%
High-rate submitted: 5.28%
Low-rate submitted: 5.22%

Treasury Collateral Operation
Total accepted: None
Total submitted: $11.6 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.08%
Low-rate submitted: 4.9%

Mortgage-Backed Collateral Operations
Total accepted: $3.751 Bln
Total submitted: $11.35 Bln
Stop-Out Rate: 5.29%
Weighted Average: 5.29%
High-rate submitted: 5.29%
Low-rate submitted: 3%

(Data was provided by the New York Federal Reserve Bank).

OIH broke out to new all time...life time highs.
Same with FXI...
Oil close to 68.

Core inflation is low though.

Don't worry, be happy and buy!

*DJ Russian Security Body:New Probe Involves Suspected UK Spying


(MORE TO FOLLOW) Dow Jones Newswires

feels like the gasoline has been poured on the wood, just need a spark

After reading the piece on MarketWatch about how core inflation beat buy a penny, I was asking myself how long people are going to continue buying into this crap about core inflation when I answered my question - NEVER.

If you've ever channel-surfed past any of the WWF wrestling on the television, you would understand this.

what blows my mind is how they can control gold.. the ultimate inflation fighter...the higher the inflation goes the more gold goes down.....

Big HI to all of you guys.

" trin at .21"

let me add " and going up fast"

shorted some Russell futures, w/a stop.

maybe a sell on news oportunity.

Will see.

*DJ Reuters/Univ Michigan Mid-Jun Current Index 100.2; May 105.1
*DJ Reuters/Univ Michigan Mid-Jun Sentiment 83.7; May 88.3


(MORE TO FOLLOW) Dow Jones Newswires


(MORE TO FOLLOW) Dow Jones Newswires

Microsoft paid a dividend either last night or this morning. I received a dividend notice and it computes to ten cents a share. Perhaps the S&P decided to do a dividend at the same time.

Bought QIDs this morning... if this holds I'm a monkey's uncle...

[attachmentid=84504]

Even I had to buy a gold stock today, those core CPI numbers are unreal. If the market is going higher, gold stocks will have to follow. Someday, they're going to walk into bearish CPI minefield during option expiration week.

would anyone be expecting that someday is today?

Early p/c on OEX is 2.5:1, some OPEX related but a small fraction of total

Another reason to buy!

Everything is good.

This from Wolanchuk was to good not to share.

Category: General Interest
From: da_cheif (don wolanchuk)
To: ALL
Date Posted: June 14, 2007 at 22:21:42
Subject: if i woulda told you in dec 1987 that there still would be an army of gurus




--------------------------------------------------------------------------------

still fighting the tape after a nearly 10 fold advance u woulda called me nutz......above 20 k on the dow all that will change rather dramaticly....in the months ahead.......i cant wait....the gurus of the 80.s and 90.s that are still fighting the winds of the unfolding world wide inflationary economic boom of unparalleled proportion will absolutely lust after this market.......richard russells capitulation is symptomatic of that change....ive watched in utter amazement and disdain for those supposed market geniuses who have spent and wasted their lives fighting the inevitable....sigh.....and some are even called mensas....lmazof....the most dangerous people on the planet are the articulate incompetents.......we need them....we love them .....and we cant live without them.......

May I add,long live the weimar run.

CCJ held up extremely well on the market selloff last week. With strength returning back to the market, it just took off to new 52 week high.

TNX yield goes up 75 basis points, DOW goes down 400+ points.

TNX yield goes down 25 basis points, DOW rises 400+ basis points.

How can you lose buying stocks?

As long as we stair-step our way up to 10%, the DOW will still go up.

I admit that I know nothing of oil or energy business, other than that it' has been manipulated by Arabs and Texans with our government complicity since 1970's as a matter of our national security and oil profits. But, I have to wonder about oil service stocks( especially drillers, seismic exploration, etc) as they will hit a wall of rising costs exceeding benefits. We could see increasing oil service revenues, but falling earnings, in a manner that is axiomatic to gold mining. In fact, this is what happened in Russia, where foreign firms were kicked out after series of costly overruns in Sakhalin oil region.

While integrated oils, refiners and marketers will probably do ok, I think that SLB, HAL, BHI, etc. will show eroding profits as they're going to be hitting many dry wells and operate in increasingly difficult and competitive environment.

Is it not what happened in 1987?

That mensa reference is directed at Robert Pretcher.

Next thing must be Early Retirements fund