The antiques Thain reportedly purchased will probably hold their value over time, said Clinton Howell, a New York dealer in English furniture. These guys just don't get it..... Thain Said to Pay $1.2 Million to Redecorate Office By Peter S. Green Jan. 22 (Bloomberg) -- John Thain, the former Merrill Lynch & Co. chief executive officer ousted today, spent $1.2 million redecorating his downtown Manhattan office last year as the company was firing employees, a person familiar with the project said. Thain hired Los Angeles-based decorator Michael Smith, chosen by President Barack Obama and his wife Michelle to redecorate the White House, CNBC reported today. Thain paid Smith $837,000 and his purchases included $87,000 for area rugs, $25,000 for a pedestal table and $68,000 for a 19th century credenza, CNBC said. âIt is pretty surprising that John Thain would need to spend that much on a power office in this economy,â said Sheila Bridges, a New York interior designer who decorated former President Bill Clintonâs Harlem office. âI do hope the designerâs fees were also included in that price tag.â Thain, 53, oversaw the sale of Merrill Lynch to Bank of America Corp. last month, and took over the bankâs wealth management and corporate and investment banking divisions. Merrillâs $15.4 billion fourth-quarter loss forced Bank of America to seek additional aid from the U.S. government, which last week agreed to provide $20 billion in capital and $118 billion in asset guarantees. Holding Value The antiques Thain reportedly purchased will probably hold their value over time, said Clinton Howell, a New York dealer in English furniture. âMichael Smith is a very smart guy and he buys very good things,â said Howell. âItâs very likely that what he bought was worth the money if Merrill Lynch wants to get their money back.â
this tl is the only one that comes into this area it' s at 835,it 's 1937 and 1987 hi's,the banks and hedge funds have yet to reveal the size of their debt exposure,they are afraid to make it public for fear of a global selloff,they have held it up thus far with every tool they could find,it may be the dutch boy with his thumb in the dyke
actually yesterday nq was 25 pts down then twice that up....and anyone who was touting sells after 10 am needs to adjust their system ....in other words start all over from zero...... there are always countertrenders galore....but overrall there are more longs than shorts each and every day.....just human nature ....best to let system tell us when to enter with no regard to direction......or times.......see the signal take it....market can only go up down sideways....buy low sell high with trend.......sideways is a horizontal trend........traps are at every turn.....
lol. I get the feeling most have him on ignore. Nobody ever seems to reply to him? Anyways, back to trading. Like i said many times yesterday, down is the only way! Sell and walk away and close it when you've made enough for the day. No strength for any real rally.
I think I can comment on the astro part ... because I spent enough time to research on that and literally I know how to construct Bradley and other indicators of this kind myself Sometimes - those astro dates, would turn out to be accelerator to get the mkt thru important price levels. Once that happened the mkt would stuck in that level for couple of days and continue the original trend at high speed. e.g. SPX was trying to break out of its steep downtrend line last 2 days and failed. Thats right on these turning dates and sits below the previous swing lows at 50-60 area. I am waiting for a break above 60 and that if it acts as support for better long entries. A break below 800 and that if it acts as resistance to sell into. Either case can be extremely explosive move.