Oh, my. Reader Kirk caught Mr. Ure’s half-blind, 3/4 stupid math error Monday. The correct answer is the market Aggregate is up 3.3367% from the all-time highs set (and this time I looked up the date:) Week of April 10, 2015.
About here, had I been elected Divine Ruler of the Planet, one of my briefers (probably Guido) would come over and explain “What’s the Divine whozzits is trying to say is we’re all working our asses off for nuttin.” Guido, trained in the fine art of night-sticking, can be mighty convincing.
The error, as it turns out, was likely due to not having enough coffee and writing a column without putting my contacts in.
I don’t think I’ve ever described the “back end” of what makes Urban and Peoplenomics tick. I’ve got a yuge collection of data. Each with a point, or so we hope.
The Global Index, from which the errant number was pulled, is 18 sheets and charts, and the largest worksheet is 1056 cells, each representing only a closing weekly number. Then come 24-columns of internal calculation. And that’s just the weekly and just the Global.
The U.S. Aggregate is a little different: 26 sheets and charts. The tallest is probably the 1896 to January 1950 Dow numbers. 16,287 cells tall.
The U.S. Aggregate will turn 1,000 cells tall next week by 19 cells wide.
Not all of it gets published, but I will, for example, use some of the historical data to compare what seem like similar market periods.
The Daily Aggregate is only 11 sheets and charts, but very small in comparison. 193 cells tall by only four columns wide. Except it’s really wider because there are certain moving averages that are calculated (and updated) and there’s also an automatic “George Check” that looks like this between columns:
Which I am presently ignoring. Delusion runs deep. The market rally suggests “buy the rumor, sell the news” as the Fed gavels in today.
But I wanted to apologize for getting a number wrong. We don’t do that often and feel badly when we do. In this case, it was not a tradable number, but we do our dead-level best.
Next week, I plan to put the (miserable, scratchy) contacts back in. Yes, I can see better with them, but it’s like walking about with sand in your eye, even scaling into their use gently.
I wish I could say “The Dog ate my contacts.” But that would be a lie.
It was the cat.
A Report from the Front
I have mentioned on many occasions my respect for my brother-in-law’s work with the Mormon Church (LDS). Especially this past weekend when he went down with a group from the local “stake” to work in Port Arthur helping the poorest part of the Houston area in recovery efforts.
There was no shortage of heartbreak, he reported. People literally lost everything they had, save the clothes on their backs.
But that’s not the worst of it. Apparently, there are some sleazy insurance companies who have sold “flood” insurance that are telling the poor “We won’t pay because this is just a rain, not a flood…”
What the double-victims are being told is that their polices would have paid IF there had been WIND driven water. But this was rain, so the ways the (sleazy rot-in-hell) lawyers are reading their own finely crafted insertions, they can skate.
I asked him if there was anyone looking out for the poor on this, but his answer was, sadly, the expected. No one cares for the poor.
There’s another part of Post-Harvey madness that people don’t seem to realize. Before FEMA will come and look over a home for damage, you have to move EVERTHING in the house out into the yard. Yeah, right. Where it can be stolen, vandalized, and broken…and then just hope the FEMA people come that day.
The worst of it, though, reserved for the poor people who have inhabited their family homes for perhaps have a century, but now don’t have clear title to the property. You didn’t know? One of the greatest scams on the poor is to find people who are not financially able to fight and place a lien on their home. Over time, you see, the sleazeballs who do this can “hold up” people when comes time to sell a home.
Sure, people like you and me? Get my lawyer on the phone. But when you don’t have money, and you’re not a racial majority, and it’s a disaster? You take what you get.
That ain’t right, but as my brother-in-law reports, its the front-line religious groups (and LDS had 200 semi’s in OKC pointed south and staged to roll even before the storm hit). Disaster relief is what they do…superbly. FEMA should work so well.
The BiL will probably be by later this week, and maybe I can pass on more.
But for now, the main thing to understand is that the jerks and slime of the world are still busily screwing over the poor, even those freshly beggared by disaster.
If you still believe the quaint notion that “all men and women are inherently good”? Sign up for frontline disaster work where the real victims are: The ones without the where-with-all to check into a hotel and wait for checks. Or to call a lawyer and rip someone to shreds for even thinking of screwing with you.
Curious to me how the mainstream media revolutionaries can bash the President every day of his term. But to use the power of the press for good? To haul insurance companies into the Court of Public Opinion?
Then again, maybe they know who really runs the world.
Money. Big Money. The kind neither one of us has.
OK, speaking of which, of to play Fed-Spotting.
Write when you get rich,