Hi Bob,
That is excellent and comprehensive coverage of the Auto and truck situation in the 10 county Houston Metroplex..... and of course there is damage all the way from Corpus up to the Sabine river ...which is the
border of Texas and Louisiana.
I was tremendously blessed today in that I met a man who has turned me on to a Pastor doing really substantial ministry work... including prison ministry, homeless and several other at need groups and I am
getting involved in helping with his good works as a foot solder.
I also within the same hour was in a Gun store and was talking with one of the sales guys ( really nice guy) and then these 2 guys come in and One of them Jordan ... had brought by this huge 50 caliber desert eagle that was gold coated.... he has it as an investment... it sits in a safe.
We went from talking gold to the cryptocurrencies and he is actively mining Bitcoin, Ethereum and a couple of others..... and I started to talk about Ethereum going from $8 to $440 by June 9th... and I am taking about how he must have the whole series of NVDA GPU's running in parallel to do the mining and he whips out his cell.phone and shows me his live video feed of the the Rig that he has built.... he's making $1200 a month per rig.
and then he is telling me how he is selling the complete cryptocurrency mining rig set up for Ebay at a very healthy profit margin.....
I gave him my elevator speech on Silicon Investor and my friends who are trading Bitcoin , Ethereum etc.
My twitter feed is littered with people who are deep, deep into the crypto's...
and everyday I get these tweets where all these people who I'm sure I don't know... at least 90% of them ..
but it makes sense.... I talk with Patrick Slevin on twitter and via email quite a bit and a handful of other
long time market traders/ analysts, Financial Advisors.... the 8000 people database of folks my brother and I had who work at the Big 3 accounting firms in the valuation space, the transfer pricing area, Huron that coalesced when Arthur Anderson went under due to the Enron episode
the Houlihan Lokey type firms Tier 2 independant, advisory-focused global Investment bank that we did work for and the expert services firms such as that my brother Pete, my former boss bjorn, myself and several other long term players at BFL associates where I worked for several years and my brother spent almost 20 years ......... (BFL associates was a high end retained executive search firm with a footprint in
Houston, New York, Chicago, London, Paris, Brussels, Sweden..... we had a huge office in China that was much bigger than our Office in the AIM tower at Greenway Plaza... right next to Tony's.
Bjorn had me constructing a BFL China Fund , the website and portfolio and since we were doing a million of retained search for Allen Stanford of the Stanford Financial group... Bjorn was trying to get Stanford to
partner with us on the China initiative....... one thing that is sure true is that there are a lot of people who
think big in Texas...... (even though Bjorn was born in Greenwich Conn and worked in Manhattan before he
fell in love with Beverly Lindgrin who was a controller for SLB in Houston..... and he came down to H town
to marry her.
(I know there is some rambling in this post....sorry about that) ... I'm still freaking out about the devestation
of Houston from Harvey)
... and I also comment on aspects of the crypto mania on LinkedIn....... but it's a Bull market until it isn't.............. and I mention that I have people interested in buying a total build out of a crypto mining operation. and that I know that I know people who are in the market trading the Cryptocurrencies all the time.
I have people tell me they love it because they trade 24/7 so you can trade on Saturday and Sunday.
I know because everyday I get tweets about all these new people I don't know who are following me on TWTR....
best part of the the entire proposition is that this Jordan is a Task Force Agent for the county Bureau of Investigation...... in the county Sheriff's office.
I asked for a card...... and learn that the guy who I am adding value for is a Task Force Agent in Law Enforcement.... and what he / we are doing is completely legal and the guy providing the rigs is In law
enforcement......
I've got the value added proposition of knowing some of the drivers of the movements in the CC's ....I know the technicals of the CC's plus I also am not a cheer leader as have already pointed out in laborious detail how Mt GOX that was making 70% of the market in Bitcoin in 2014 lost / were hacked /or stole 850,000
Bitcoins that have a current market value of 3.4 Billion dollars or so.
So I know and talk about the cautionary tales of money lost in Bitcoin and other cryptocurrencies.
Message 31157470
Message 31199618
Message 31154010
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| To: Elroy who wrote (19412) | 6/20/2017 9:03:42 PM | | From: John P | 2 Recommendations of 19825 | | | Elroy, the checkered past of Bitcoin. These weaknesses likely exist in all cryptocurrencies... either the programers can have back door access, 2) the hackers can cause havoc 3) the major exchanges can collapse very easily 4) the digital wallets are not fully secure.
Yes Bitcoin was already clipped in Feb 2014 by the collapse of Japanese Mt. Gox that was handling
70% of all bitcoin transactions worldwide...... we've all know that and the elements of instability inherent in
the cryptocurrency concept.
Let's review Mt. Gox.
en.wikipedia.org
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Mt. Gox was a bitcoin exchange based in Shibuya, Tokyo, Japan. [1] Launched in July 2010, by 2013 and into 2014 it was handling over 70% of all bitcoin transactions worldwide, as the largest bitcoin intermediary and the world's leading bitcoin exchange. [2] [3] [4] [5]
In February 2014, Mt. Gox suspended trading, closed its website and exchange service, and filed for bankruptcy protection from creditors. [6] [7] In April 2014, the company began liquidation proceedings. [8]
Mt. Gox announced that approximately 850,000 bitcoins belonging to customers and the company were missing and likely stolen, an amount valued at more than $450 million at the time. [9] [10] Although 200,000 bitcoins have since been "found", the reason(s) for the disappearance—theft, fraud, mismanagement, or a combination of these—were initially unclear. New evidence presented in April 2015 by Tokyo security company WizSec led them to conclude that "most or all of the missing bitcoins were stolen straight out of the Mt. Gox hot wallet over time, beginning in late 2011." [11] [12]
Founding (2006-10)[ edit]In late 2006, programmer Jed McCaleb ( eDonkey2000, Overnet1, Ripple, Stellar) thought of building a website for users of the Magic: The Gathering Online fantasy-based card game service, to let them trade "Magic: The Gathering Online" cards like stocks. [13] [14] [4]In January 2007, he purchased the domain name mtgox.com, short for "Magic: The Gathering Online eXchange". [15] [16] [17] [18] Initially in beta release, [19] sometime around late 2007, the service went live for approximately three months before McCaleb moved on to other projects, having decided it was not worth his time. He reused the domain name in 2009 to advertise his card game The Far Wilds. [20]
In July 2010, McCaleb read about bitcoin slashdot.com, [21] and decided that the bitcoin community needed an exchange for trading bitcoin and regular currencies. After writing an exchange website, he launched it while reusing the spare mtgox.com domain name. [14] On July 18, Mt. Gox launched its exchange and price quoting service deploying it on the spare mtgox.com domain name. [14] [22]
Security breach and invalid addresses (2011)[ edit]McCaleb sold the site to French developer Mark Karpelès, who was living in Japan, in March 2011, saying "to really make mtgox what it has the potential to be would require more time than I have right now. So I’ve decided to pass the torch to someone better able to take the site to the next level." [23] [4]
Bitcoin transactions made on Mt.Gox Bitcoin Exchange on 19 June 2011, demonstrating price crash. Size of circular plot denotes size of transaction.
On 19 June 2011, a security breach of the Mt. Gox bitcoin exchange caused the nominal price of a bitcoin to fraudulently drop to one cent on the Mt. Gox exchange, after a hacker allegedly used credentials from a Mt. Gox auditor's compromised computer to transfer a large number of bitcoins illegally to himself. He used the exchange's software to sell them all nominally, creating a massive " ask" order at any price. Within minutes the price corrected to its correct user-traded value. [24] [25] [26] [27] [28] [29] Accounts with the equivalent of more than $8,750,000 were affected. [26] In order to prove that Mt. Gox still had control of the coins, the move of 424,242 bitcoins from "cold storage" to a Mt. Gox address was announced beforehand, and executed in Block 132749. [30]
In October 2011, about two dozen transactions appeared in the block chain (Block 150951) [31] that sent a total of 2,609 BTC to invalid addresses. As no private key could ever be assigned to them, these bitcoins were effectively lost. While the standard client would check for such an error and reject the transactions, nodes on the network would not, exposing a weakness in the protocol.
Processor of most of world's bitcoin trades; issues (2013)[ edit]
Logarithmic scaled bitcoin price history in USD on the Mt. Gox exchange from February 2012 until its shutdown in February 2014
On 22 February 2013, following the introduction of new anti- money laundering requirements by e-commerce/online payment system company Dwolla, some Dwolla accounts became temporarily restricted. As a result, transactions from Mt. Gox to those accounts were cancelled by Dwolla. The funds never made it back to Mt. Gox accounts. The Mt. Gox help desk issued the following comment: "Please be advised that you are actually not allowed to cancel any withdrawals received from Mt. Gox as we have never had this case before and we are working with Dwolla to locate your returned funds." The funds were finally returned on May 3, nearly three months later, with a note: "Please be advised never to cancel any Dwolla withdrawals from us again".
In March 2013, the bitcoin transaction log or " blockchain" temporarily forked into two independent logs, with differing rules on how transactions could be accepted. The Mt. Gox bitcoin exchange briefly halted bitcoin deposits. Bitcoin prices briefly dipped by 23%, to $37, as the event occurred, [32] [33] before recovering to their previous level (approximately $48) in the following hours. [34]
By April 2013 and into 2014 the site had grown to the point where it was handling over 70% of the world's bitcoin trades, as the largest bitcoin intermediary and the world's leading bitcoin exchange. [5] [4] [35] [3] With prices increasing rapidly, Mt. Gox suspended trading from 11–12 April for a "market cooldown". [36] The value of a single bitcoin fell to a low of $55.59 after the resumption of trading, before stabilizing above $100. Around mid-May 2013, Mt. Gox traded 150,000 bitcoins per day, per Bitcoin Charts. [37]
On 2 May 2013 CoinLab filed a $75 million lawsuit against Mt. Gox, alleging a breach of contract. [38] The companies had formed a partnership in February 2013 under which CoinLab was to handle all of Mt. Gox's North American services. [38] CoinLab's lawsuit contended that Mt. Gox failed to allow it to move existing U.S. and Canadian customers from Mt. Gox to CoinLab. [38]
On 15 May 2013 the US Department of Homeland Security (DHS) issued a warrant to seize money from Mt. Gox's U.S. subsidiary's account with payment processor Dwolla. [39] The warrant suggested the US Immigration and Customs Enforcement, an investigative branch of the DHS, asserted that the subsidiary, which was not licensed by the US Financial Crimes Enforcement Network (FinCEN), was operating as an unregistered money transmitter in the US. [39] [40] Between May and July the DHS seized more than $5 million from the subsidiary. [37] [4] On 29 June 2013, Mt. Gox received its money services business (MSB) license from FinCEN. [40]
Mt. Gox suspended withdrawals in US dollars on June 20, 2013. [41] The Mizuho Bank branch in Tokyo that handled Mt. Gox transactions pressured Mt. Gox from then on to close its account. [37] On July 4, 2013, Mt. Gox announced that it had "fully resumed" withdrawals, but as of September 5, 2013, few US dollar withdrawals had been successfully completed. [42] [43] [44]
On August 5, 2013, Mt. Gox announced that it incurred "significant losses" due to crediting deposits which had not fully cleared, and that new deposits would no longer be credited until the funds transfer was fully completed. [45]
Wired Magazine reported in November 2013 that customers were experiencing delays of weeks to months in withdrawing cash from their accounts. [35] [3] The article said that the company had “effectively been frozen out of the U.S. banking system because of its regulatory problems”.
Withdrawals halted; trading suspended; bitcoin missing (2014)[ edit]Customer complaints about long delays were mounting as of February 2014, with more than 3,300 posts in a thread about the topic on the Bitcoin Talk online forum. [46]
On 7 February 2014, Mt. Gox halted all bitcoin withdrawals. [47] The company said it was pausing withdrawal requests “to obtain a clear technical view of the currency processes”. [47] The company issued a press release on February 10, 2014, stating that the issue was due to transaction malleability: “A bug in the bitcoin software makes it possible for someone to use the bitcoin network to alter transaction details to make it seem like a sending of bitcoins to a bitcoin wallet did not occur when in fact it did occur. Since the transaction appears as if it has not proceeded correctly, the bitcoins may be resent. Mt Gox is working with the bitcoin core development team and others to mitigate this issue.” [48] [49]
On 17 February 2014, with all Mt. Gox withdrawals still halted and competing exchanges back in full operation, the company published another press release indicating the steps it claimed it was taking to address security issues. [50] In an email interview with the Wall Street Journal, CEO Mark Karpelès refused to comment on increasing concerns among customers about the financial status of the exchange, did not give a definite date on which withdrawals would be resumed, and wrote that the exchange would impose "new daily and monthly limits" on withdrawals if and when they were resumed. [51] A poll of 3,000 Mt. Gox customers by CoinDesk indicated that 68% of polled customers were still awaiting funds from Mt. Gox. The median waiting time was between one and three months, and 21% of poll respondents had been waiting for three months or more. [52]
On 20 February 2014, with all withdrawals still halted, Mt. Gox issued yet another statement, not giving any date for the resumption of withdrawals. [53] A protest by two bitcoin enthusiasts outside the building that houses the Mt. Gox headquarters in Tokyo continued. Citing "security concerns", Mt. Gox moved its offices to a different location in Shibuya. Bitcoin prices quoted by Mt. Gox dropped to below 20% of the prices on other exchanges, reflecting the market's estimate of the unlikelihood of Mt. Gox paying its customers. [54] [55]
On 23 February 2014, Mt. Gox CEO Mark Karpelès resigned from the board of the Bitcoin Foundation. [56] The same day, all posts on its Twitter account were removed. [57]
On 24 February 2014, Mt. Gox suspended all trading, and hours later its website went offline, returning a blank page. [58] [59] [60] A leaked alleged internal crisis management document claimed that the company was insolvent, after having lost 744,408 bitcoins in a theft which went undetected for years. [58] [59] [61] [62]
Six other major bitcoin exchanges released a joint statement distancing themselves from Mt. Gox, shortly before Mt. Gox's website went offline. [63] [64]
On 25 February 2014, Mt. Gox reported on its website that a "decision was taken to close all transactions for the time being", citing "recent news reports and the potential repercussions on Mt Gox's operations". Chief executive Mark Karpelès told Reuters that Mt. Gox was "at a turning point". [65] [66] [67] [68]
From 1 February 2014 until the end of March, during the period of Mt. Gox problems, the value of bitcoin declined by 36%. [69]
Bankruptcy; Stolen bitcoin (2014-16)[ edit]On 28 February 2014 Mt. Gox filed in Tokyo for a form of bankruptcy protection from creditors called minji saisei (or civil rehabilitation) to allow courts to seek a buyer, reporting that it had liabilities of about 6.5 billion yen ($65 million, at the time), and 3.84 billion yen in assets. [70] [71] [72] [73] [3]
The company said it had lost almost 750,000 of its customers' bitcoins, and around 100,000 of its own bitcoins, totaling around 7% of all bitcoins, and worth around $473 million near the time of the filing. [72] [73] Mt. Gox released a statement saying, "The company believes there is a high possibility that the bitcoins were stolen,” blamed hackers, and began a search for the missing bitcoin. [10] [37] Chief Executive Karpelès said technical issues opened up the way for fraudulent withdrawals.
Mt. Gox also faces lawsuits from its customers. [74] [75]
On 9 March 2014, Mt. Gox filed for bankruptcy protection in the US, to halt U.S. legal action temporarily by traders who alleged the bitcoin exchange operation was a fraud. [76] [77] [78]
On 20 March 2014, Mt. Gox reported on its website that it found some bitcoins — worth around $116 million — in an old digital wallet used prior to June 2011. [4] That brought the total number of bitcoins the firm lost down to 650,000, from 850,000. [79]
New evidence presented in April 2015 by Tokyo security company WizSec led them to conclude that "most or all of the missing bitcoins were stolen straight out of the Mt. Gox hot wallet over time, beginning in late 2011." [80] [81]
On 24 February 2014, Mt. Gox suspended all trading, and hours later its website went offline, returning a blank page. [58] [59] [60] A leaked alleged internal crisis management document claimed that the company was insolvent, after having lost 744,408 bitcoins in a theft which went undetected for years. [58] [59] [61] [62]
Six other major bitcoin exchanges released a joint statement distancing themselves from Mt. Gox, shortly before Mt. Gox's website went offline. [63] [64]
On 25 February 2014, Mt. Gox reported on its website that a "decision was taken to close all transactions for the time being", citing "recent news reports and the potential repercussions on Mt Gox's operations". Chief executive Mark Karpelès told Reuters that Mt. Gox was "at a turning point". [65] [66] [67] [68]
From 1 February 2014 until the end of March, during the period of Mt. Gox problems, the value of bitcoin declined by 36%. [69]
Bankruptcy; Stolen bitcoin (2014-16)[ edit]On 28 February 2014 Mt. Gox filed in Tokyo for a form of bankruptcy protection from creditors called minji saisei (or civil rehabilitation) to allow courts to seek a buyer, reporting that it had liabilities of about 6.5 billion yen ($65 million, at the time), and 3.84 billion yen in assets. [70] [71] [72] [73] [3]
The company said it had lost almost 750,000 of its customers' bitcoins, and around 100,000 of its own bitcoins, totaling around 7% of all bitcoins, and worth around $473 million near the time of the filing. [72] [73] Mt. Gox released a statement saying, "The company believes there is a high possibility that the bitcoins were stolen,” blamed hackers, and began a search for the missing bitcoin. [10] [37] Chief Executive Karpelès said technical issues opened up the way for fraudulent withdrawals.
Mt. Gox also faces lawsuits from its customers. [74] [75]
On 9 March 2014, Mt. Gox filed for bankruptcy protection in the US, to halt U.S. legal action temporarily by traders who alleged the bitcoin exchange operation was a fraud. [76] [77] [78]
On 20 March 2014, Mt. Gox reported on its website that it found some bitcoins — worth around $116 million — in an old digital wallet used prior to June 2011. [4] That brought the total number of bitcoins the firm lost down to 650,000, from 850,000. [79]
New evidence presented in April 2015 by Tokyo security company WizSec led them to conclude that "most or all of the missing bitcoins were stolen straight out of the Mt. Gox hot wallet over time, beginning in late 2011." [80] [81]
On April 14, Mt. Gox lawyers said that Karpelès would not appear for a deposition in a Dallas court, or heed a subpoena by FinCEN. [37] On 16 April 2014, Mt. Gox gave up its plan to rebuild under bankruptcy protection, and asked a Tokyo court to allow it to be liquidated. [82]
In a 6 Jan 2015 interview, Kraken bitcoin exchange CEO Jesse Powell discussed being appointed by the bankruptcy trustee to assist in processing claims by the 127,000 creditors of Mt. Gox. [83] [84] [85] [3]
CEO Karpelès was arrested in August 2015 by Japanese police and charged with fraud and embezzlement, and manipulating the Mt. Gox computer system to increase the balance in an account -- this charge was not related to the missing 650,000 bitcoins. [86] [87] [4] [88] [89] After he was interrogated, Japanese prosecutors accused him of misappropriating Y315m ($2.6m) in bitcoin deposited into their trading accounts by investors at Mt. Gox, and moving it into an account he controlled, approximately six months before Mt. Gox failed in early 2014. [90] [91]
By May 2016, creditors of Mt. Gox had claimed they lost $2.4 trillion when Mt. Gox went bankrupt, which they asked be paid to them. [92] The Japanese trustee overseeing the bankruptcy said that only $91 million in assets had been tracked down to distribute to claimants, despite Mt. Gox having asserted in the weeks before it went bankrupt that it had more than $500 million in assets. [93] The trustee's interim legal and accounting costs through that date, to be paid ultimately by creditors, were $5.5 million. [94]
See also[ edit] Digital currency exchange Bitfinex, which replaced Mt. Gox as the world's largest bitcoin exchange, lost $72 million in bitcoin in 2016.
there are 94 sources cited in this article go to wikipedia and U can read
very extensively on the corroboration articles from a multitude of new sources.
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SO THAT WAS BITCOIN 1.0
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fortune.com
Bitcoin and Ethereum Just Crashed, Taking Coinbase Down With Them
Jen Wieczner
Jun 15, 2017
After both hit all-time highs earlier this week, Bitcoin and Ethereum prices plummeted as much as 25% Thursday — but many investors were unable to trade for much of the selloff.
Coinbase, a leading cryptocurrency exchange, confirmed that it was completely offline by 9:35 a.m., though the outage appears to have begun several hours earlier, with investors reporting problems on Twitter throughout the night. The company blamed "sustained heavy traffic," likely caused by intense Bitcoin and Ethereum trading, for crashing the Coinbase website and mobile app, which remained completely down for at least four hours.
As has become a familiar frustration to blockchain enthusiasts in recent days, Coinbase went offline at the worst possible time, just as extreme price swings in the cryptocurrencies made investors desperate to buy or sell.
Around 10 a.m. Thursday, the Bitcoin price fell as low as $2079, a more than 30% drop since breaking the $3,000 milestone last weekend (and a 19% decline in the previous 24 hours alone).
At the same time, Ethereum, a rival cryptocurrency whose eye-popping 40-fold gain this year has far outpaced Bitcoin's returns, was down as much as 25% from its price a day earlier. The Ethereum price dipped below $274, just three days after it traded above $400 for the first time.
Coinbase had a similar outage in late May while Bitcoin was trading at record highs, illustrating that new systems for trading blockchain currencies are not yet as reliable as traditional stock market exchanges — a lesson a number of investors were learning the hard way, based on their tweets. (While Coinbase initially said it had restored full access to the exchange by mid-afternoon Thursday, it was still trying to repair service for at least some users after 5 p.m., according to a status report on its website.)
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I don't know who is paying attention but the prices of a multitude of asset classes have been bruised starting with gold, silver, the euro, and yen starting declines on June 6th.... Friday June 9th... we had the NVDA headline show up on thursday night on the WSJ money blog with the $300 price wish...
AMZN had an AIRPOCKET develop that clipped $100 off of and rebounded at 2 pm.... all of the top
growth stocks turned on a dime as Carter Worth of Cornerstone Macro commented yesterday at 4:18 PM on cnbc.
Message 31140238
that article I posted at 4 AM friday.
NVDA, engage in extreme toppy action in at least the short term
Message 31140949
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Glenn, nvda is one of the most intriguing growth stories of data center growth..... nvda's GPU is in every cloud computer we have taken a very deep dive into NVDA for a number of months.
The short term story with FANG and the NDX is that the NDX hit a top on 06/04/17 and we've been having a sell off in FANG....
Message 31140238
my post..to kick the day off
The old adage is that they ring a bell at the top, and on a trading basis.. The WSJ blog ... had the big head.. to ring the bell and Cramer sees this ..... and Jimbo is always useful in creating huge massive volume when needed....8 million share s exchanged hands in the first 15 minutes today between 164 and 168.50.
He was instrumental in creating the bottom on Oct 8th 1998 when Dell which you could never buy under it's 200 dma back in 1997 and 1998 plummeted along with the market and Cramer gave the capitulation to sell signal .... He plays his role so well........ And he also has great insights and knowledge.. Is he actually, affected by the passion or fear of the moment or just the master craft man..... in the 1998 movie rounders.
I walked into my associates office at 5 pm yesterday and the NVDA headline was there on the monitor
I commented that they always ring a bell at the top... and I was looking at this picture of the WSJ story on a 50 inch monitor...... ( it was not talking up the entire screen but it was the only one opened.... )
so we are having the check-back.
we were at 155 when I started writing this and now we are back to the 200 period MA on the 15 minute cha
chart.
NVDA CFO Collette Kress spoke for 40 minutes on Tuesday.
that's why I highlighted those areas data centers, artificial intelligence, autonomous driving and gaming
what they are doing with inferencing, the ability for GPU visualization Triangulation is extraordiary and has applications in everything from energy extraction to Medical procedures to autonomous driving and possibly 250 additional OEM applications.
The Data Center business of nvda is incredible...
as is
the use of NVDA to compute in data centers has lead to 500,000 Kuda developers around the world -- creating the acceleration of computing via the GPU.
A I / Deep Learning enabled -- is focused not on just the hardware, also the software and the development framework.
I have 6 pages of notes that NVDA CFO Collette Kress presented on Tuesday at the San Franciso investment conference. They are full of really amazing technologies. As is the 70 page slide presentation that NVDA provided at JPM's Global tech conference in New York on May 10th......
Nvidia does have an investor site which does the a huge wealth of information on the financial as well as the technical aspects of the company......... That's the part of the NVDA website that anyone who wants to know the future of machine learning, A I autonomous driving and ultimately the singularity....
I have been deciding if I want to create a thread to focus on the machine learning, A I / Deep Learning, Inferencing, autonomous driving and the interplay of a number of key companies in the area as well as what ISRG, Celegene. are doing TSLA and Elon Musk and Peter Diamandis are up to........
theverge.com
diamandis.com
Is there a central repository site on SI for this.....Glenn ..?
JP
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We saw the TNX 10 year yield do a mini crash to 2.10% on Weds earlier in the day prior to the FED hike at 2 PM
FED raising rates.... the action in just about all asset classes..... the stock index futures , all the interest rate compenents, the currencies, the precious metals, copper, the energy complex crashed down 4% on the inventory numbers at 10:30 that morning....
the grains foreign stocks all had very large wild swings with very large ranges and the very large thin lines above , below the price box on the candlestick charts.
Totally different theme from the the wild ebullience in which all asset prices across the board (except the US dollar index) went up dramatically and euphorically on the day of the Previous FED rate hike. on March 15th
thebalance.com
(This post was put a thread the MUX goldmining thread.... on 6/16/2017... I wanted to get this info on the market lab thread... and put it on the McEwan mining thread as a response to the Coinbase cryptocurrency news.... which was negative... digital money stolen out of digital wallets)
Message 31149499
Message 31153764
John |
Message 31168872
anyway..... there are 10,000 ways to help Houston and Texas rebuild from Harvey..... the Hurricane ironically named after Mary Chase's 1944 play which then in 1950 Jimmy Stewart starred in the gem of a movie "Harvey" where ........ Stewart plays Elwood P Dowd,....... you know I lived in Houston for years and could never figure out why the liquor and gourmet food chain Spec's had a giant thin pink rabbit leaning over the Spec's sign........ I asked several of the people who worked there and they were always young and " like..... I don't know"........ some things you have to figure out for yourself. -vbg-
Elwood P. Dowd (Stewart) is a middle-aged, amiable though somewhat eccentric man whose best friend is an invisible 6' 3½" tall rabbit named Harvey. As described by Dowd, Harvey is a pooka, a benign but mischievous creature from Celtic mythology who is especially fond of social outcasts (like Elwood). Elwood has driven his sister and niece (who live with him and crave normality and a place in society) to distraction by introducing everyone he meets to his friend, Harvey. His family seems to be unsure whether Dowd's obsession with Harvey is a product of his (admitted) propensity to drink or perhaps mental illness.
Elwood spends most of his time in the local bar, and throughout the film invites new acquaintances to join him for a drink (or to his house for dinner). The barman and regulars accept the existence of Harvey, and the barman asks how they both are and unflinchingly accepts an order from Elwood for two martinis.
Veta ( Josephine Hull) and Myrtle Mae ( Victoria Horne)
Elwood's sister, Veta Louise Simmons (Hull), tries to have him committed to a sanatorium. In exasperation, she admits to the attending psychiatrist Dr. Lyman Sanderson ( Charles Drake) that, after so many years of putting up with the invisible rabbit, she sees Harvey every once in a while herself. This causes Dr. Sanderson to let Elwood out and lock Veta up. After sorting out the mistake, Dr. Chumley ( Cecil Kellaway), head of the sanatorium, decides that to save the reputation of the sanatorium he must bring Elwood back. At one point, when her daughter asks how someone possibly could imagine a rabbit, Veta says to her "Myrtle Mae, you have a lot to learn and I hope you never learn it."
When tracked down, Elwood goes through several ordeals, although he remains largely oblivious to the plans put in place for him by Dr. Chumley, Judge Gaffney (William Lynn), and Veta Louise. In a scene where Dr. Sanderson and his nurse Miss Kelly (Peggy Dow) follow Elwood into an alley at the back of his and Harvey's favorite bar, Charlie's, Elwood tells the incredible story of how he came to meet Harvey, and explains the way in which people react when they meet them. In a later scene, he gives Dr. Chumley an insight into his philosophy of life:
Years ago my mother used to say to me, she'd say, "In this world, Elwood, you must be" – she always called me Elwood – "In this world, Elwood, you must be oh so smart or oh so pleasant." Well, for years I was smart. I recommend pleasant. You may quote me.
—? James Stewart as Elwood P. Dowd
Elwood also explains that Harvey has the power to stop time: "Did I tell you he could stop clocks? Well, you've heard the expression 'His face would stop a clock'? Well, Harvey can look at your clock and stop it. And you can go anywhere you like, with anyone you like, and stay as long as you like. And when you get back, not one minute will have ticked by. You see, science has overcome time and space. Well, Harvey has overcome not only time and space, but any objections."
In the final scene of the film, Elwood (along with everybody else) arrives back at the hospital. By this point, Dr. Chumley is not only convinced of Harvey's existence, but has begun spending time with him on his own, with a mixture of admiration and fear.
Dr. Sanderson convinces Elwood to come into his office where he will receive a serum called Formula 977 that will stop Dowd from "seeing the rabbit". As they are preparing for the injection, Elwood's sister is told by their cab driver about all the other people he has driven to the sanatorium to receive the same medicine, warning her that Elwood will become "just a normal human being. And you know what stinkers they are." Upset by the very thought of this, Veta halts the injection by banging on the examining room door, at which point Elwood comforts her and explains her tears to others with, "Veta's all tired out, she's done a lot today."
Miss Kelly (Peggy Dow) and Dowd ( James Stewart). Judge Gaffney (William H. Lynn) is in the background.
As Elwood is leaving, Dr. Chumley asks Elwood for Harvey's help, and Elwood, being the obliging fellow he is, makes no objection. Dr. Chumley, arm in arm with an invisible companion, asks "Have you ever been to Akron?"
After the gates to Chumley's Residence are closed, and Elwood is leaving, he stops, turns around and has a conversation with an invisible Harvey, who is already back from his trip to Akron and reaffirms their friendship. Harvey opens the gate, and Elwood and his invisible companion saunter off towards the bus stop, following Veta and Myrtle Mae, towards the planned last stop of Charlie's Bar and another drink.
Through the film, Elwood looks up at Harvey. Stewart, at 6'4", decided that Harvey should be 6'8" for the film, but the script lines stating that Harvey was 6' 3.5" were unchanged from the play. [2]
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