ADP & GDP came as expected but PMI saw a big boost

plus, solid support from housing .. market recovered the losses that occurred post-debate last night .. ignoring the clown fight that it was ..!

Trump had the floor ..!

cons conf 101.8

 so why do we need additional stimulus ..?

joke of the day ...

NYT says, Trump paid $750 income tax in 2016 & 2017 .. IF this was true in 2019, he must have received a stimulus check in 2020 ..!

& he may say in typical Trump style, "look, who knows, even i may need it ..!"

black & white - a new addition to TheVIP's kitchen

 

                                                                    kali dal & while rice

IJC about the same,while CJC flattening ...

 but the good news is all in housing market which provided boost to the market from S&P100 DMA

dear ellipse, what will i do w/o you ..!

 a question for you? tell me the formula for the circumference of a circle ...

& most of you would come up quickly with an answer as 2πr ... easy .. right ..!

ok! now tell me the formula for the circumference of an ellipse ...

 

& you say what ... some think its been a long time that you practiced math or read a math/geometry book .. or many of you came up with something quickly, like πab etc. or something else, but that doesn't seem right or doesn't sound familiar ... how so ..?

so you start scratching your head .. but please don't, as you may lose a hair or two .. how about i let you google it .. no one is looking anyway .. right ..?

so you do a search on google, & the mighty google says. "there is no exact formula for the circumference of an ellipse." ... rather, there is an approx. formula, derived by an Indian genius mathematician named Ramanujan.

You say, "how's that possible. I don't remember my math teacher telling me this ..."

well, not only your math teacher didn't give you any formula, but, its likely that they didn't even mentioned this fact [that an exact calculation is not even possible; so it won't be in the exam!] .. 

 

why? because, it's not easy for mathematicians to accept & teach that humans are unable to derive a formula for such a simple shape in geometry; so they totally skip it and don't even talk about it (human behavior!).

How's that possible that no one could solve such a seemingly simple riddle ..? of course, there is no answer to that, but i do have an opinion ...

in contrast to a circle, an ellipse is nature's domain .. some of the most complex and powerful things are built (by humans as a copy to nature's) are in elliptical shape .. think about it .. The President's room WH; colleseum in Rome  ... nature, for sure, uses it for its long lasting things, e.g. there are no circular orbits in nature ... in contrast to a circle, an ellipse creates such as perfect balance, which lasts billions of years, as in the earth rotating around the Sun, or in case of other planets, all orbits are elliptical .. & its shame that all that genius men power (women included), coupled with google power (i.e. computers horse power) can't find an exact formulae for the circumference of an ellipse.

bottom-line, man is not allowed to enter in nature's domain .. other examples e (Euler's constant) & π. which can only be derived in approx. .. all that human and computer horse power can't determine the exact value of such common things that we use everyday .. btw, e is used in continuous interest rate calculations and natural log etc.

PMI stays solid

 Market paused at 10% drop on Mon; covered 3% ON YD; took a dip today to test Monday's low ..!

S&P touched BOY value ...

 net zero YTD .. 10% drop from Sep 2 high .. aka correction.

corona wave 2 in Europe.

SCOTUS in tie; Trump needs an edge; Nancy say No .. No

Nikola ain't Tesla .. 20% down .. not everyone can become Musk (aka Tesla); TSLA +ve today despite market fall.

a new addition to VIP's kitchen ... Hot & Sour soup

                                                                        final product

                                          

in preparation 

cyclic nature of time - a concept derived from Hinduism

     

                                     

not only time is cyclic, but it follows a spiral shape & golden ratio

 

 

also, think of Descartes theorem of tangent kissing circles (i talked about on Sep 6), which fit into a big one & then replace the circle by an ellipse & you will get something as above, as to how you fit cycles of various sizes inside an ellipse

IJC: 860K; CJC: 12.5K

housing starts: -5.1%; permits: -0.9% all inclusive, but single family numbers look good;

plus, rise in lumber prices are hurting construction

last FOMC decision before election ...

 do we really need to make a guess or does everyone already know the outcome ..!

yes, Fed decided to keep the rates zero till 2023 .. why make a mystery at each meeting ..? 

If there is inflation, what's the problem ..?

think about it ..!

w/o stimulus, retail sales came softer for August

walk on the strip

chaos theory & butterfly effect

 i started this project with a vision "to project market behavior over a short period of time" as i never believed or assumed that you can predict market behavior <period>; especially, over a long-term that most experts do.

 while studying butterfly effect within the context of Chaos theory, here are a few things that i learned:

1. financial markets "may be deterministic" although i really don't use that characteristic in my models, but they are definitely non-linear dynamic systems; i.e. a small change in input conditions can reflect a huge change in output

2. plus, the projection can only be made for really short-term, even with all sorts of caveats, so long-term prediction or projection is not possible

also, its proven that a dual rod pendulum generates vastly different outcome based on slightly different initial conditions; imagine, if i told you that market consists of 9 pendulums swinging simultaneously.

funny things is i didn't know about these characteristics of Chaos theory which i studied recently (as in Sep 2020) while i developed my vision about a decade ago, but now it makes sense to me more so in mathematical context.

major M&A activity midst of corona ...

Oracle in negotiations to by Tiktok

NVIDIA buying Arm - giving huge competition to INTC

Gilead Sciences Inc. agreed to acquire Immunomedics

& PFE planning to deploy Covid vaccine before year end

outcome: major boost to market touching 3400 mid-day.

CPI: twice than expected

 CPI: 0.4%

IJC: 884M; CJC: 13.3M

IJC stayed the same as last week; CJC was a slight higher

PPI in-line;

Descartes' theorem

for every kissing (mutually tangent) circles, the radii of these circles satisfy certain quadratic equations; & by solving this equation, one can construct a fourth circle tangent to other three.

 

kissing (mutually tangent) circles  

 

now think where do we have 4 things fitting into one to make use of this theorem in personal life & investments.

 

rout continues ...

 although it should turnaround soon ..!

6.6% drop

NFP:1.37M; UNEMP: 8.4%

 both solid numbers

Hindusim - the best Youtube video so far - an hour long ..!

today was a pressure release built over last several weeks ...

in fact, market has been straight up since middle of Jun; 4.5% - a nice size drop ..!

IJC: 881K; CJC: 13.2M

serives PMI 55