I had friends in from Asia and they wanted to experience some Dallas nightlife.
Mooyah Burgers and Hard Eight Barbecue wasn't their speed.
With a little help from some friends whose palettes are a little more up-scale than mine, they dined at Charlie Palmer's at the Hotel Joule.
You Know It's Fancy When ...
Notice the tablet computer.
That is an interactive wine-list called the eWinebook. It sorts and sifts by type, country, region, vintage, or price.
Once you narrow down your selections to a few choices, a live person is available to help you make your decision.
On one hand, it helps the consumer feel better about their choice; and on the other, it increases the restaurants average wine bill. To a "Win - Win" proposition. Cheers.
The march of technology continues ...
Capitalogix Commentary 01/31/11 - The State of the Union and the Market
The Economist has a funny map on its cover this week. It shows the troubled state of our Union.
President Obama used different words to describe the State of the Union from his perspective. Here is a Word Cloud.
According to CBS News, President Obama's State of the Union speech included more than 6,500 words, led by variations on "America," "people," "new" and "jobs," with "future," "work" and "years" also high in the word count. While word repetition doesn't offer any deep analysis of the speech, the broad message is clear: "American people need new jobs and work in future years."
Market Commentary
The Markets were ripe for a pull-back. I say that only because the climb higher has seemed un-relenting, in the face of good or bad news. Recently, technical indicators showed some underlying weakness, but price marched forward. Finally, this past week, we saw some selling pressure.
The real question isn't whether buyers will step back in, rather, it is whether sellers will apply some pressure.
Last week we got a GDP number that wasn't great, but it wasn't terrible either. Combine that with the political unrest in Egypt, and some less than stellar earnings reports ... and the pull-back seems mild.
The purpose of Bollinger Bands is to provide a relative definition of high and low.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper band and lower band. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average.
Price is still the primary indicator. This chart is just an early warning to pay attention.
So, What is Jim Rogers' Advice? ... One Word: "Commodities".
“If the world economy gets better, commodities are going to make a fortune. If the world economy does not get better, commodities are the place to be because they are going to print more money, and that’s how you protect yourself,” investor Jim Rogers told Larry Kudlow on CNBC.
“This is the time when you should own real assets, not stocks and bonds. Throughout history, go back and look, you know we had huge inflation in the 70s, stocks were not in a good place to be,” he said.
"Given the uncertainties surrounding the global economy, investing in commodities is your safest bet," says Rogers.
From my perspective, I'm watching where smart money asset flows point. There is always something working in the markets. Our job is to find what's working and avoid the rest. Easy, right?
Business Posts Moving the Markets that I Found Interesting This Week:
Lighter Ideas and Fun Links that I Found Interesting This Week
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