Since I have a back problem I follow news related to it. Now, researcher says don't sit up straigt its bad for you back, this is contarary what they found earlier in 90s. So I am confuse whom to follow or just don't care this kind of news. The research keep changing by the time you follow previous research its too late.
I think just ignore this kind of news, do what the best you figure out for you.
BTW, here is the article.
http://www.medicalnewstoday.com/healthnews.php?newsid=57654
Wednesday, November 29, 2006
Tuesday, November 28, 2006
Websites for the kids
http://www.pbskids.org
http://www.noggin.com/
http://www.junglewalk.com/
http://www.playhousedisney.com
http://www.starfall.com
http://www.thomasandfriends.com/usa/
http://www.nickjr.com/playtime
http://www.sesameworkshop.org
http://www.disney.go.com/playhouse
http://www.noggin.com
http://www.peepandthebigwideworld.com
http://www.bright-productions.com/kinderweb/
http://www.starfall.com
http://www.crpusd.sonoma.edu/Goldridge/kgames.htm
http://www.kinderhive.net/techgames.html
http://www.fisher-price.com/us/fun/games/abc/
http://www.fisher-price.com/us/playtime/default.asp?age=Toddler
http://www.enchantedlearning.com/categories/preschool.shtml
http://www.geocities.com/EnchantedForest/Dell/4678/kindergarten.html
http://www.barbie.com
http://www.thinkquest.org
http://www.noggin.com/
http://www.junglewalk.com/
http://www.playhousedisney.com
http://www.starfall.com
http://www.thomasandfriends.com/usa/
http://www.nickjr.com/playtime
http://www.sesameworkshop.org
http://www.disney.go.com/playhouse
http://www.noggin.com
http://www.peepandthebigwideworld.com
http://www.bright-productions.com/kinderweb/
http://www.starfall.com
http://www.crpusd.sonoma.edu/Goldridge/kgames.htm
http://www.kinderhive.net/techgames.html
http://www.fisher-price.com/us/fun/games/abc/
http://www.fisher-price.com/us/playtime/default.asp?age=Toddler
http://www.enchantedlearning.com/categories/preschool.shtml
http://www.geocities.com/EnchantedForest/Dell/4678/kindergarten.html
http://www.barbie.com
http://www.thinkquest.org
Thursday, November 16, 2006
Bill Gates Thoughts
Gates on dropping out of Harvard to start Microsoft: To be clear, I didn’t really leave. I went ON leave. I could go back.
On remaining challenges for the PC industry: The PC I dreamed for myself [when Microsoft started] is far better than what we have today.
On the road ahead for PCs: There are dreams that have been around for a while…a tablet computer for students instead of text books. We’ve wanted that for ages. A computer that can see, that can learn…computing today is really in its infancy.
On the challenges in global health care: People write articles about a plane crash in India…1000 times as many people will have died that day from diseases we should get rid of. Somehow, we are allowed to think the world at large is like the situation that we’re in.
On living on $1 a day (how would he know about that?): If you need to live on under $1 a day go to northern Thailand, not Calcutta.
On the rest of the world gaining ground on the U.S. economy: The U.S. has to get used to the fact that our relative share of everything – military power, economic power, innovation – won’t be so out of line with our 5% of world population as it is today – the U.S. has been sort of spoiled by being a leader for so long.
On immigration policy for skilled workers: One of our great edges is that smart people around the world want to come and work in the United States. Many come and stay there whole life. It’s an unfair advantage for us – but we’re making it tougher with our immigration policies.
On the success of the Apple iPod: Phenomenal, unbelievable, fantastic.
On remaining challenges for the PC industry: The PC I dreamed for myself [when Microsoft started] is far better than what we have today.
On the road ahead for PCs: There are dreams that have been around for a while…a tablet computer for students instead of text books. We’ve wanted that for ages. A computer that can see, that can learn…computing today is really in its infancy.
On the challenges in global health care: People write articles about a plane crash in India…1000 times as many people will have died that day from diseases we should get rid of. Somehow, we are allowed to think the world at large is like the situation that we’re in.
On living on $1 a day (how would he know about that?): If you need to live on under $1 a day go to northern Thailand, not Calcutta.
On the rest of the world gaining ground on the U.S. economy: The U.S. has to get used to the fact that our relative share of everything – military power, economic power, innovation – won’t be so out of line with our 5% of world population as it is today – the U.S. has been sort of spoiled by being a leader for so long.
On immigration policy for skilled workers: One of our great edges is that smart people around the world want to come and work in the United States. Many come and stay there whole life. It’s an unfair advantage for us – but we’re making it tougher with our immigration policies.
On the success of the Apple iPod: Phenomenal, unbelievable, fantastic.
Tuesday, November 07, 2006
Stock Trading Guidelines
1. Never, under any circumstance add to a losing position.... ever! Nothing more need be said; to do otherwise will eventually and absolutely lead to ruin!
2. Trade like a mercenary guerrilla. We must fight on the winning side and be willing to change sides readily when one side has gained the upper hand.
3. Capital comes in two varieties: Mental and that which is in your pocket or account. Of the two types of capital, the mental is the more important and expensive of the two. Holding to losing positions costs measurable sums of actual capital, but it costs immeasurable sums of mental capital .
4. The objective is not to buy low and sell high, but to buy high and to sell higher. We can never know what price is "low." Nor can we know what price is "high." Always remember that sugar once fell from $1.25/lb to 2 cent/lb and seemed "cheap" many times along the way.
5. In bull markets we can only be long or neutral, and in bear markets we can only be short or neutral. That may seem self-evident; it is not, and it is a lesson learned too late by far too many.
6. "Markets can remain illogical longer than you or I can remain solvent," according to our good friend, Dr. A. Gary Shilling. Illogic often reigns and markets are enormously inefficient despite what the academics believe.
7. Sell markets that show the greatest weakness, and buy those that show the greatest strength. Metaphorically, when bearish, throw your rocks into the wettest paper sack, for they break most readily. In bull markets, we need to ride upon the strongest winds... they shall carry us higher
than shall lesser ones.
8. Try to trade the first day of a gap, for gaps usually indicate violent
new action. We have come to respect "gaps" in our nearly thirty years of watching markets; when they happen (especially in stocks) they are usually very important.
9. Trading runs in cycles: some good; most bad. Trade large and aggressively when trading well; trade small and modestly when trading poorly. In "good times," even errors are profitable; in "bad times" even the most well researched trades go awry. This is the nature of trading; accept it.
10. To trade successfully, think like a fundamentalist; trade like a technician. It is imperative that we understand the fundamentals driving a trade, but also that we understand the market's technicals. When we do, then, and only then, can we or should we, trade.
11. Respect "outside reversals" after extended bull or bear runs. Reversal days on the charts signal the final exhaustion of the bullish or bearish forces that drove the market previously. Respect them, and respect even more "weekly" and "monthly," reversals.
12. Keep your technical systems simple. Complicated systems breed confusion; simplicity breeds elegance.
13. Respect and embrace the very normal 50-62% retracements that take prices back to major trends. If a trade is missed, wait patiently for the market to retrace. Far more often than not, retracements happen... just as we are about to give up hope that they shall not.
14. An understanding of mass psychology is often more important than an understanding of economics. Markets are driven by human beings making human errors and also making super-human insights.
15. Establish initial positions on strength in bull markets and on weakness in bear markets. The first "addition" should also be added on strength as the market shows the trend to be working. Henceforth, subsequent additions are to be added on retracements.
16. Bear markets are more violent than are bull markets and so also are their retracements.
17. Be patient with winning trades; be enormously impatient with losing trades. Remember it is quite possible to make large sums trading/investing if we are "right" only 30% of the time, as long as our losses are small and our profits are large.
18. The market is the sum total of the wisdom ... and the ignorance...of all of those who deal in it; and we dare not argue with the market's wisdom. If we learn nothing more than this we've learned much indeed.
19. Do more of that which is working and less of that which is not: If a market is strong, buy more; if a market is weak, sell more. New highs are to be bought; new lows sold.
20. The hard trade is the right trade: If it is easy to sell, don't; and if it is easy to buy, don't. Do the trade that is hard to do and that which the crowd finds objectionable. Peter Steidelmeyer taught us this
twenty five years ago and it holds truer now than then.
21. There is never one cockroach! This is the "winning" new rule
submitted by our friend, Tom Powell.
22. All rules are meant to be broken: The trick is knowing when... and how infrequently this rule may be invoked!
2. Trade like a mercenary guerrilla. We must fight on the winning side and be willing to change sides readily when one side has gained the upper hand.
3. Capital comes in two varieties: Mental and that which is in your pocket or account. Of the two types of capital, the mental is the more important and expensive of the two. Holding to losing positions costs measurable sums of actual capital, but it costs immeasurable sums of mental capital .
4. The objective is not to buy low and sell high, but to buy high and to sell higher. We can never know what price is "low." Nor can we know what price is "high." Always remember that sugar once fell from $1.25/lb to 2 cent/lb and seemed "cheap" many times along the way.
5. In bull markets we can only be long or neutral, and in bear markets we can only be short or neutral. That may seem self-evident; it is not, and it is a lesson learned too late by far too many.
6. "Markets can remain illogical longer than you or I can remain solvent," according to our good friend, Dr. A. Gary Shilling. Illogic often reigns and markets are enormously inefficient despite what the academics believe.
7. Sell markets that show the greatest weakness, and buy those that show the greatest strength. Metaphorically, when bearish, throw your rocks into the wettest paper sack, for they break most readily. In bull markets, we need to ride upon the strongest winds... they shall carry us higher
than shall lesser ones.
8. Try to trade the first day of a gap, for gaps usually indicate violent
new action. We have come to respect "gaps" in our nearly thirty years of watching markets; when they happen (especially in stocks) they are usually very important.
9. Trading runs in cycles: some good; most bad. Trade large and aggressively when trading well; trade small and modestly when trading poorly. In "good times," even errors are profitable; in "bad times" even the most well researched trades go awry. This is the nature of trading; accept it.
10. To trade successfully, think like a fundamentalist; trade like a technician. It is imperative that we understand the fundamentals driving a trade, but also that we understand the market's technicals. When we do, then, and only then, can we or should we, trade.
11. Respect "outside reversals" after extended bull or bear runs. Reversal days on the charts signal the final exhaustion of the bullish or bearish forces that drove the market previously. Respect them, and respect even more "weekly" and "monthly," reversals.
12. Keep your technical systems simple. Complicated systems breed confusion; simplicity breeds elegance.
13. Respect and embrace the very normal 50-62% retracements that take prices back to major trends. If a trade is missed, wait patiently for the market to retrace. Far more often than not, retracements happen... just as we are about to give up hope that they shall not.
14. An understanding of mass psychology is often more important than an understanding of economics. Markets are driven by human beings making human errors and also making super-human insights.
15. Establish initial positions on strength in bull markets and on weakness in bear markets. The first "addition" should also be added on strength as the market shows the trend to be working. Henceforth, subsequent additions are to be added on retracements.
16. Bear markets are more violent than are bull markets and so also are their retracements.
17. Be patient with winning trades; be enormously impatient with losing trades. Remember it is quite possible to make large sums trading/investing if we are "right" only 30% of the time, as long as our losses are small and our profits are large.
18. The market is the sum total of the wisdom ... and the ignorance...of all of those who deal in it; and we dare not argue with the market's wisdom. If we learn nothing more than this we've learned much indeed.
19. Do more of that which is working and less of that which is not: If a market is strong, buy more; if a market is weak, sell more. New highs are to be bought; new lows sold.
20. The hard trade is the right trade: If it is easy to sell, don't; and if it is easy to buy, don't. Do the trade that is hard to do and that which the crowd finds objectionable. Peter Steidelmeyer taught us this
twenty five years ago and it holds truer now than then.
21. There is never one cockroach! This is the "winning" new rule
submitted by our friend, Tom Powell.
22. All rules are meant to be broken: The trick is knowing when... and how infrequently this rule may be invoked!
Friday, November 03, 2006
What I think and feel
I feel horrible that I'm the only guy in the world who thinks the U.S. economy isn't heading into recession. Everyone thinks I'm a naive fool. A wishful thinker. A permabull. Don't all the economic numbers released in the last couple weeks prove beyond any doubt that the economy is slowing sharply? How can I be so stupid?
I feel wonderful that I'm the only guy in the world who thinks the U.S. economy isn't heading into recession. In over a quarter century as an investment professional, I've never made any money except when I stood against the crowd.
The crowd is almost always wrong. If you want to make money in investing, when the crowd says "white" you should say "black." Right now the crowd is saying "recession." You should be saying "growth."
And even when the crowd turns out to be right, you won't lose much by betting the other way. Anytime the crowd all believes something, that belief gets reflected completely in stock and bond prices.
Look at what happened with bonds this morning when U.S. payroll job growth came out at a weaker-than-expected 92,000. Bonds should have soared on this supposed sign of economic weakness. Instead, they tanked. The crowd had priced bonds for so much bad news that this just wasn't enough.
Bonds are still priced for recession, with yields on long-term Treasurys lower than the yields of money-market funds. Stocks are priced for recession, too. The S&P 500's price/earnings multiple is as low today as it was on the day of the panic bottom on Oct. 9, 2002.
If there is a recession, can bond yields actually go much lower from here? Can P/E multiples get much lower? Maybe, but not much. So there's nothing to be gained by betting on recession, and therefore little to lose by betting against it.
But there's plenty to be gained by betting on growth. If the economy re-accelerates from here, earnings will grow and stock multiples will expand — stocks will blow out to new higher highs. And yields are going to rise at the same time, and fortunes will be made by shorting long-term Treasurys.
Now you could make those bets out of sheer contrariness, and that's probably not a bad strategy. But it just so happens that I have a number of very good reasons for expecting growth to re-accelerate. So you can be more than a lonely contrarian here — you can be a contrarian with a vision, one that will keep you going for the weeks and months ahead while you're waiting to be proven right.
I feel wonderful that I'm the only guy in the world who thinks the U.S. economy isn't heading into recession. In over a quarter century as an investment professional, I've never made any money except when I stood against the crowd.
The crowd is almost always wrong. If you want to make money in investing, when the crowd says "white" you should say "black." Right now the crowd is saying "recession." You should be saying "growth."
And even when the crowd turns out to be right, you won't lose much by betting the other way. Anytime the crowd all believes something, that belief gets reflected completely in stock and bond prices.
Look at what happened with bonds this morning when U.S. payroll job growth came out at a weaker-than-expected 92,000. Bonds should have soared on this supposed sign of economic weakness. Instead, they tanked. The crowd had priced bonds for so much bad news that this just wasn't enough.
Bonds are still priced for recession, with yields on long-term Treasurys lower than the yields of money-market funds. Stocks are priced for recession, too. The S&P 500's price/earnings multiple is as low today as it was on the day of the panic bottom on Oct. 9, 2002.
If there is a recession, can bond yields actually go much lower from here? Can P/E multiples get much lower? Maybe, but not much. So there's nothing to be gained by betting on recession, and therefore little to lose by betting against it.
But there's plenty to be gained by betting on growth. If the economy re-accelerates from here, earnings will grow and stock multiples will expand — stocks will blow out to new higher highs. And yields are going to rise at the same time, and fortunes will be made by shorting long-term Treasurys.
Now you could make those bets out of sheer contrariness, and that's probably not a bad strategy. But it just so happens that I have a number of very good reasons for expecting growth to re-accelerate. So you can be more than a lonely contrarian here — you can be a contrarian with a vision, one that will keep you going for the weeks and months ahead while you're waiting to be proven right.
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