By Lambert Strether of Corrente.
Very patient readers, today’s Water Cooler must truly be an Open Thread; my life temporarily and unexpectedly became overly dynamic. I will be back tomorrow, and not in any lazy and overscheduled fashion. Be excellent to each other. Here at least are the charts, and the plant. –lambert
Five Horsemen: “All of the Fab Five are down in late morning trade after the North Korean summit is cancelled” [Hat Tip, Jim Haygood].
NakedCap Mania-Panic Index: “The mania-panic index eased to 64 (complacency) as new 52-week lows exceeded new highs for the second day running” [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 (Andrea):
Andrea writes: “Patch of Solomon’s Seal in Wellfleet MA. Some stems almost 3 feet tall!” Several readers have sent in pictures of plants they took on their walks. I applaud walks.
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.