By Lambert Strether of Corrente.
Patient readers, I’ve been fighting some sort of sinus infection for a few days, but today the headache is eye-wateringly painful. So I am giving up the unequal struggle and going back to bed. If this doesn’t stop, I’m actually going to go to a doctor and get my sinuses flushed. Talk amongst yourselves! –lambert
Five Horsemen: “Apple is flat in morning trade as more iPhone suppliers report weak results” [Hat Tip, Jim Haygood].
NakedCap Mania-Panic Index: “The mania-panic index rose to 56 (complacency) as the volatility indicator VIX fell to 15.51, a positive for the index” [Hat Tip, Jim Haygood]. (The NakedCap mania-panic index is an equally-weighted average of seven technical indicators derived from stock indexes, volatility (VIX), Treasuries, junk bonds, equity options, and internal measures of new highs vs new lows and up volume vs down volume … each converted to a scale of 0 to 100 before averaging, using thirty years of history for five of the seven series.)
Readers, feel free to contact me at lambert [UNDERSCORE] strether [DOT] corrente [AT] yahoo [DOT] com, with (a) links, and even better (b) sources I should curate regularly, (c) how to send me a check if you are allergic to PayPal, and (d) to find out how to send me images of plants. Vegetables are fine! Fungi are deemed to be honorary plants! If you want your handle to appear as a credit, please place it at the start of your mail in parentheses: (thus). Otherwise, I will anonymize by using your initials. See the previous Water Cooler (with plant) here. Today’s plant (PhemFrog):
PhemFrog writes: “My favorite thing about spring in Texas is my perennial gerbera daisies! They were annuals where I used to live.”
Readers: Water Cooler is a standalone entity not covered by the annual NC fundraiser. So do feel free to make a contribution today or any day. Here is why: Regular positive feedback both makes me feel good and lets me know I’m on the right track with coverage. When I get no donations for five or ten days I get worried. More tangibly, a constant trickle of small donations helps me with expenses, and I factor that trickle in when setting fundraising goals. So if you see something you especially appreciate, do feel free to click the hat!
If you hate PayPal — even though you can use a credit card or debit card on PayPal — you can email me at lambert [UNDERSCORE] strether [DOT] corrente [AT] yahoo [DOT] com, and I will give you directions on how to send a check.