August 2008

  • iPhone App (Hoax?)

    This video is spreading quickly, and though speculation is that it is a mock-up, I found it to be quite compelling.  Somehow I get the sense that it demonstrates a sliver of what's to come.

    My guess is that we will start to see data visualization applications, using similar technologies, that will enable users to access data in powerful new ways.


    iHologram – iPhone application from David OReilly on Vimeo.

  • LiveScribe – All Things Fit to Print

    Livescribe 250p I got a new gadget. It is a Livescribe pen that records both what it hears and what you write.

    From a small sample of using it about a dozen times so far, I am impressed; Livescribe works great, and delivers immediate benefit at meetings and seminars.  I use it to review conversations and brain-storming sessions for clarification, or to catch something I missed the first time through.

    It generates an interesting polarity of responses though. Some people get it instantly and want to know where they can buy them.  Others couldn't care less.  No one objected to its use during the meeting – and I suspect that it became invisible quickly.

    It records about a hundred hours of surprisingly clear audio.  The pen has a camera, just above the tip, that captures the image of what is being written — and synchronizes this to what you hear or say.  And if you go back and touch the tip of the pen to writing on the page, you hear what was being said while it was written.  You can even control the playback speed to go faster, or slower, when you want.

    The Livescribe pen looks and feels nice.  It comes with a leather travel case and a dock to sync it with your computer.  There is well-designed software that lets you manage and share the results. Livescribe created a place to post "pen-casts" online, to share with your team.  You can limit who see it with an access control list or leave it open.  Click here for an example.

    I'm sending my son to back to school with one.  It seems like the perfect environment for a tool like this. 

    All-in-all, Livescribe is worth a try. For more information about this interesting technology, here is the Livescribe's site.

    Here are some video demos.

    It looks like college book stores and Amazon are expected to be the big distribution channels.

  • LiveScribe – All Things Fit to Print

    Livescribe 250p I got a new gadget. It is a Livescribe pen that records both what it hears and what you write.

    From a small sample of using it about a dozen times so far, I am impressed; Livescribe works great, and delivers immediate benefit at meetings and seminars.  I use it to review conversations and brain-storming sessions for clarification, or to catch something I missed the first time through.

    It generates an interesting polarity of responses though. Some people get it instantly and want to know where they can buy them.  Others couldn't care less.  No one objected to its use during the meeting – and I suspect that it became invisible quickly.

    It records about a hundred hours of surprisingly clear audio.  The pen has a camera, just above the tip, that captures the image of what is being written — and synchronizes this to what you hear or say.  And if you go back and touch the tip of the pen to writing on the page, you hear what was being said while it was written.  You can even control the playback speed to go faster, or slower, when you want.

    The Livescribe pen looks and feels nice.  It comes with a leather travel case and a dock to sync it with your computer.  There is well-designed software that lets you manage and share the results. Livescribe created a place to post "pen-casts" online, to share with your team.  You can limit who see it with an access control list or leave it open.  Click here for an example.

    I'm sending my son to back to school with one.  It seems like the perfect environment for a tool like this. 

    All-in-all, Livescribe is worth a try. For more information about this interesting technology, here is the Livescribe's site.

    Here are some video demos.

    It looks like college book stores and Amazon are expected to be the big distribution channels.

  • Weekly Market Commentary for 8/15/08

    From last week's wild swings – to a narrowing range, poised for a breakout.  The market has something for everyone.

    The mystery of where the markets are heading continues, reminding me of physicist Niels Bohr’s quotation: “Tomorrow is going to be wonderful, because tonight I do not understand anything.” Echoing that is 84-year old Richard Russell, “Very frankly, I can’t come to a firm conclusion as to whether we’re dealing with a bull or a bear market. Sometimes you just have to wait and allow the market to tell its story. Remember, we may be in a hurry, but the market never is.” (Hat tip: Prieur du Plessis)

    Small-Cap and Tech are showing some leadership.  As it hits its June highs, the Russell 2000 Index is performing better than the other US Equity Indices.  The NASDAQ Index is performing well also, though it is sitting just under its June highs.  In contrast, the S&P 500 and Dow Jones are still lagging.

    Here is a chart of the Dow.  Notice that price sits right at the resistance line and the 50-Day Moving Average.

    080815 Dow at Resistance

    Here are a few of the posts I found interesting this week:

    • S&P Languishing, but less than these previously high fliers (Infectious Greed)
    • What Does Obama imply for the markets and the economy? (Kudlow)
    • Ten Market Rules to Remember (Big Picture)
    • Thoughts on Trading Stress and Emotion (TraderFeed)
    • Short-Selling Restriction Experiment Set to End (NYTimes)
    • The Dilemma facing Thoughtful Investors (A Dash of Insight)
    • What is a Recession – and why we may not get there? (NBER)
    • Down 97%: Tax Trouble Coming For States & Cities (Big Picture)
    • Wall Street hiring again — but in India (ClusterStock)
    • Starbucks needs a jolt (Covel)
    • What happens if you list your house for $1? (Zillow, Big Picture)

    And, a little bit extra:

    • Hot Gadget: Amazon's electronic book viewer, Kindle, gaining in popularity (ZDnet, Bloomberg)
    • Amazon Kindle version 2.0 due out in October, in time for holiday sales (InfoWorld)
  • Weekly Market Commentary for 8/15/08

    From last week's wild swings – to a narrowing range, poised for a breakout.  The market has something for everyone.

    The mystery of where the markets are heading continues, reminding me of physicist Niels Bohr’s quotation: “Tomorrow is going to be wonderful, because tonight I do not understand anything.” Echoing that is 84-year old Richard Russell, “Very frankly, I can’t come to a firm conclusion as to whether we’re dealing with a bull or a bear market. Sometimes you just have to wait and allow the market to tell its story. Remember, we may be in a hurry, but the market never is.” (Hat tip: Prieur du Plessis)

    Small-Cap and Tech are showing some leadership.  As it hits its June highs, the Russell 2000 Index is performing better than the other US Equity Indices.  The NASDAQ Index is performing well also, though it is sitting just under its June highs.  In contrast, the S&P 500 and Dow Jones are still lagging.

    Here is a chart of the Dow.  Notice that price sits right at the resistance line and the 50-Day Moving Average.

    080815 Dow at Resistance

    Here are a few of the posts I found interesting this week:

    • S&P Languishing, but less than these previously high fliers (Infectious Greed)
    • What Does Obama imply for the markets and the economy? (Kudlow)
    • Ten Market Rules to Remember (Big Picture)
    • Thoughts on Trading Stress and Emotion (TraderFeed)
    • Short-Selling Restriction Experiment Set to End (NYTimes)
    • The Dilemma facing Thoughtful Investors (A Dash of Insight)
    • What is a Recession – and why we may not get there? (NBER)
    • Down 97%: Tax Trouble Coming For States & Cities (Big Picture)
    • Wall Street hiring again — but in India (ClusterStock)
    • Starbucks needs a jolt (Covel)
    • What happens if you list your house for $1? (Zillow, Big Picture)

    And, a little bit extra:

    • Hot Gadget: Amazon's electronic book viewer, Kindle, gaining in popularity (ZDnet, Bloomberg)
    • Amazon Kindle version 2.0 due out in October, in time for holiday sales (InfoWorld)
  • Resilience

    080815 Phelps 250
    Watching the Olympics
    has been an uplifting reminder for me.  The sport of it is fun to
    watch.  Yet, the deeper story is even better.

    For example,
    Michael Phelps was expected to break Mark Spitz's record in Athens
    four-years ago.  While he was dominating, it just didn't happen, then. 

    Can you imagine setting world records, winning gold medals, and still feeling like you came up short?

    Can you imagine how many times he replayed the missing hundredths of a second that separated him from his dream?
    So how did he do it this time?

    Somehow
    the great ones are resilient and durable in distressing situations. 
    They adapt and cope; and ultimately gain strength from adversity —
    often converting it into a gift.  They find a way to transform what
    seemed like setbacks into the fuel they need to get to the next level.

    Nietzsche
    said "that which does not kill me, makes me stronger."  And that
    statement applies to trading and funds management as well.   Trading
    often seems like it is not fair – and that can be very good for us. 

  • Resilience

    080815 Phelps 250
    Watching the Olympics
    has been an uplifting reminder for me.  The sport of it is fun to
    watch.  Yet, the deeper story is even better.

    For example,
    Michael Phelps was expected to break Mark Spitz's record in Athens
    four-years ago.  While he was dominating, it just didn't happen, then. 

    Can you imagine setting world records, winning gold medals, and still feeling like you came up short?

    Can you imagine how many times he replayed the missing hundredths of a second that separated him from his dream?
    So how did he do it this time?

    Somehow
    the great ones are resilient and durable in distressing situations. 
    They adapt and cope; and ultimately gain strength from adversity —
    often converting it into a gift.  They find a way to transform what
    seemed like setbacks into the fuel they need to get to the next level.

    Nietzsche
    said "that which does not kill me, makes me stronger."  And that
    statement applies to trading and funds management as well.   Trading
    often seems like it is not fair – and that can be very good for us. 

  • Pilobolus: Things Aren’t Always What They Seem

    In trading, recognizing that things aren't always what they seem is a big part of the game. 

    Here is a clever video that plays on that concept. It is from Pilobolus, a talented dance and performance art troupe.

    Here is the direct link.

    And this one has an unexpected ending.



    Here is the direct link

    Also, here is a link to their performance at the TED conference. (TED)

    And here is an article about the "magic" of Pilobolus worth looking at. (CBS)

  • Pilobolus: Things Aren’t Always What They Seem

    In trading, recognizing that things aren't always what they seem is a big part of the game. 

    Here is a clever video that plays on that concept. It is from Pilobolus, a talented dance and performance art troupe.

    Here is the direct link.

    And this one has an unexpected ending.



    Here is the direct link

    Also, here is a link to their performance at the TED conference. (TED)

    And here is an article about the "magic" of Pilobolus worth looking at. (CBS)

  • Weekly Commentary through August 8th 2008

    The Markets are up, but relatively trendless.  Yes the recent lows have held, and I'm seeing higher lows (and that is a bullish sign).  However, recently, the thing to note has been the markets' volatility.  For the Dow, there have been seven 200-point up or down days and two 300-point up days … but in that time, the Dow is only up 36 points. It is tough to hold trades overnight in this type of trading environment.  Going home bullish or bearish hasn't led to peaceful sleep lately.

    Here are some other stats to ponder.  First, 300-point rallies are pretty normal during bear markets (and in the beginning of new bull markets).  Also, It is quite normal to have intermediate term rallies in bear markets that last 2-3 months. The last one lasted 2 months; but only had narrow leadership in the Commodities.  This time the leadership is much broader (most everything, except Commodities).

    Also this week, the Fed held rates steady, and the US Dollar Index now trades above its 50-day and 200-day
    moving averages, signaling a breakout from its five-month trading range.

    Here are a few of the posts I found interesting this week:

    • IPOs at 5-Year Low, Worldwide (WSJ)
    • Wharton Finance Professor, Jeremy Siegel Calls a Market Bottom (Morningstar)
    • Rackspace IPO loses 20% on first day of trading (WSJ)
    • President Bush: "Wall Street got drunk"…"and now it's got a hangover" (Wall $t. Folly)
    • Does the 4-Year Presidential Cycle have predictive power in the markets? (CXO Advisory)
    • Too many ETFs, too little volume; the weakest are closing (Bespoke)
    • Crisis Averted: Improvisation is one thing, Policy is another (NYTimes)
    • Foreign money buying US properties at deep discounts (NYPost)

    And, a little bit extra:

    • Big Brother is watching: Apple shuts down "I Am Rich" Application for iPhones (Download Squad)
    • Innovations show how water-starved countries could solve their food crises (NYTimes)
    • At $6BB spent, Olympic Security is No Game; but they do ride Segways (BusinessWeek)
    • Twitter's micro-blogging success suggests I'm old, because I still don't get it (Fortune)
    • Caffeine Myths De-Bunked; go get a cup of coffee (NYTimes)