We know I move off of financial topics from time to time, so years ago I posted this post about toffee. I was making toffee a days ago, and remembered the post, it's detailed directions on making toffee.
Just to beat the drum more.... Toffee must be rapidly stirred at all times, and more aggressively at the batch goes on. Having 3 people to do the siring is a good thing.
A few weeks ago my mother called and wanted to make toffee, of course I'm sure it was an excuse to see me. but I make brilliant Toffee. Even she doesn't understand that toffee must be stirred the whole time, not washing the cupboard, no getting a glass of water... stir stir stir. and at the last stage you must rapidly stir. and if it starts smoking you are done.
stir stir stir.
on medium high it takes 30-40 minutes, on high it takes 15-20, but there is no easier way to blow it than to have it on high.
Saturday, December 13, 2008
Toffee
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6 comments:
You are a true Renaissance man.
Fine line between Jack of all trades, master of none.
About 5 years ago I decided to focus my T.V. time on other things.
How are you?
You seem distracted? Christmas have you in it's greedy little Grip?
Doing well, but very busy at work... it's always busy from mid-November to Jan 1 and we're recession-proof so there is no slow down this year. In fact, it's the busiest I remember.
I've been looking at the blog but not trading much, regretting that I'm missing all the volatility. I liked your graphs yesterday as we bounced off the support a couple times-- will the third bounce fail?
Toffee post was remarkably unique; I'm sure you'll get some new readers from Google searches ;)
Seems like the market is absorbing all this rotten news like a yeoman. I have to say that I'm impressed. I really thought that Friday was going to be 700 points down after Harry Reid's adolescent hissy fit Thursday night. Very resilient market.
One question: have you traded any of the triple bull and bear ETF's, TZA, TNA, etc? I noticed Brian Shannon mentioning that he is using them. They seem like crack and meth all mixed together.
I haven't tried the etf's.
well 3 times is the theory.(it really is a 4 time theory, but that 4th time usually happens within minutes.
What all this is is just a massive wave 4 bull trap. In the micro scale it happens all the time.
but this really could be "THE BOTTOM" developing.
remember that earnings start on jan 15th.
the market is just convinced in a bottom, so everyone keeps dip buying.... when this gets over everyone will be very bitter, and it will be impossible to convince them into a bottom.
The real bad news is that everyone is playing brinkmanship with the economy.... that is what is crazy.
and how is that an invest-able model.
this cycle should show just about everyone, that they need to quit fucking around. EVERYBODY, Workers, politicians, bankers, etc...
I bet you are recession proof, but I'd still be cautious at work... just about everyone says that, only to find out that everybody get's hit.... I just keep saying to everyone... suck up to your boss.
as for market action, you know we did have about a 500 pt drop in the market in 2 hours of trading. It's hard to not catch a hard hard bounce off of that.
this very much feels like the slope of hope. Most people hoping for that year end rally. Only one more full week, better make sure you have a chair.... but ask yourself... if you have to get out by jan 1 ish then when do you get out.... So, everybody knows that you want out before the first, so you want to get out before they do... so the 31st... no.... well just to be safe, let's get out of the market by Christmas, then just take some time off..
Well, that certainly means, you don't want to buy more? right...
We will see, but seems like there are no more reasons to buy, and a ton of reasons to sell. Especially with all those "in the money" options I picked up over the past few weeks.... May as well just take profits before expiration.
I guess we can make up all kinds of scenarios both bullish and bearish. Some will fear missing the big kickback rally from "THE bottom" and others will take losses for 2009 during the first week in order to offset profits hoped for later in the year, and others will bet on the funding of IRA's and re-flation by the fed, etc, etc, etc.
The TA looks positive right now-- and right now is all we Buddhists have. Hope and fear are two sides of the same coin.
Live in "the now"
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