Thought the graph above would better reflect which states receive the most hurricanes per coastline miles. As you can see this is quite different than the original graph showcasing states and their respective hurricanes hit. The prior graph showed Florida, Texas, and Louisiana being the top three. Those are now replaced by Mississippi, Alabama, and Rhode Island. Rhode Island? Say what? Okay, this chart is definitely more interesting than the last one.
Heck, according to this information...Louisiana is in the bottom 6. Also, interesting that Louisiana has more coastline than Texas.
MT
Wednesday, October 26, 2005
Coastline by Major Hurricane Strikes by State
Hurricanes by State
Working with the R project's barplot function and decided to play around with some hurricane data. The chart above reflects the number of hurricanes (major) making landfall by state. Nothing too surprising in the numbers.
The mean of the #of hurricanes by state is 22 while the median is 12. Which makes sense due to Florida being hit 5 times more than average. And Texas and Louisiana being hit more than 2 times the average.
MT
Monday, October 24, 2005
Rumor of reduced commissions at Interactive Brokers...
Rumor is that IB dropped commission rates for US Equities to $0.005/share all-inclusive. Read this thread from EliteTrader for more details on the rumor.
Not sure if this is true or not...but if so...might need to re-evaluate my broker choices. Hmm....
Later Trades,
MT
Not sure if this is true or not...but if so...might need to re-evaluate my broker choices. Hmm....
Later Trades,
MT
Sunday, October 23, 2005
Moneyball the Market
"Baseball - of all things - was an example of how an unscientific culture responds, or fails to respond, to the scientific method." -- Michael Lewis
The two sides are, on the one hand, the old scouts and, on the other, Billy Beane. The old scouts are like a Greek chorus, it is their job to underscore the eternal themes of baseball. The eternal themes are precisely what Billy Beane wants to exploit for profit - by ignoring them." -- Michael Lewis
"By analyzing baseball statistics you could see through a lot of baseball nonsense. For instance, when baseball managers talked about scoring runs, they tended to focus on team batting average, but if you ran the analysis you could see that the number of runs a team scored bore little relation to that team's batting average. It correlated much more exactly with a team's on-base and slugging percentages. A lot of the offensive tactics that made baseball managers famous - the bunt, the steal, the hit and run - could be proven to have been, in most situations, either pointless or self-defeating." -- Michael Lewis
"tinkering with the records of baseball games to see how the machinery of the baseball offense works. I do not start with the numbers any more than a mechanic starts with a monky wrench. I start with the game, with the things that I see there and the things that people say there. And I ask: Is it true? Can you validate it? Can you measure it? How does it fit with the rest of the machinery? And for those answers I go to the record books...What is remarkable to me is that I have so little company. Baseball keeps copious records, and people talk about them and argue about them and think about them a great deal. Why doesn't anybody use them? Why doesn't anybody say, in the face of this contention or that one, "Prove it"?" -- Bill James
These are some of my favorite quotes from the book, Moneyball by Michael Lewis. I especially like the Bill James quote basically asking why if we have the data and are asking the right questions...why oh why don't we use them in our strategies? Instead we focus on arguing our point with opinions. Enjoy reading books where the author makes the case to invest in stocks because Echo Boomers are an emerging powerful consumer and a host of other dynamics that can't be tested nor quantified on enough data points to matter.
This is why I like the recent Larry Connors book, How Markets Really Work. No opinions or pithy remarks. Connors instead focuses on Moneyballing the Market. Taking commonly held beliefs and turning them upside down and exposing them for what they truly are...eternal themes of the market sung by the Greek chorus of brokers, analysts, and media pundits.
Questions are asked and data is analyzed. And this analysis of data is what triggered this review. It changed the way I create, test, and design my systems. Before I would come up with an idea and immediately run a template system with my idea to expose the common statistics I look for...win%, avg gain, max drawdown, etc. From there I would begin filtering to improve and refine.
But, I really like the Connors method instead. He asks a question like is it true that new short-term highs are a sign of a healthy market? Then collects data on short-term highs and corresponding returns and short-term lows and corresponding returns into table form. Then he creates bar charts and equity curves of the comparison between the two to aid in visually analyzing the results of the study. I can see all kinds of possibilities with this method. It feels like more of your original edge is maintained instead of getting bogged down into filtering down the edge into the statistics you are trying to achieve. Plus, via the bar charts and equity curves you can really see whether the edge you think you have is true and robust against a benchmark and opposite view. One of the possibilities of this method is throwing in acrary's random trades from the Edge Test into the mix.
The downside of the book? I would enjoy more tests! More questions! It's just rare to find someone who asks and tests the questions you've been asking and answering yourself. Only other book like it that I've found is Altucher's Trade like a Hedge Fund book. I would have also enjoyed some discussion on how the questions asked relate to individual stocks within the general market.
Overall a book that can help in your pursuit of trading Jeet Kun Do. With that in mind, I'll leave you with this quote:
"True observation begins when one is devoid of set patterns." -- Bruce Lee
Side Note
What's happening to my Astros? It's the 8th inning and Astros are down by 2. The Sox pitchers seem to have the Astros ticket. Especially last night when we had just a good lineup at bat and the big wide one took em' down...one by one. Ah! The pain of being a Houston Astros fan. :)
C'mon Stros!
Later Trades,
MT
The two sides are, on the one hand, the old scouts and, on the other, Billy Beane. The old scouts are like a Greek chorus, it is their job to underscore the eternal themes of baseball. The eternal themes are precisely what Billy Beane wants to exploit for profit - by ignoring them." -- Michael Lewis
"By analyzing baseball statistics you could see through a lot of baseball nonsense. For instance, when baseball managers talked about scoring runs, they tended to focus on team batting average, but if you ran the analysis you could see that the number of runs a team scored bore little relation to that team's batting average. It correlated much more exactly with a team's on-base and slugging percentages. A lot of the offensive tactics that made baseball managers famous - the bunt, the steal, the hit and run - could be proven to have been, in most situations, either pointless or self-defeating." -- Michael Lewis
"tinkering with the records of baseball games to see how the machinery of the baseball offense works. I do not start with the numbers any more than a mechanic starts with a monky wrench. I start with the game, with the things that I see there and the things that people say there. And I ask: Is it true? Can you validate it? Can you measure it? How does it fit with the rest of the machinery? And for those answers I go to the record books...What is remarkable to me is that I have so little company. Baseball keeps copious records, and people talk about them and argue about them and think about them a great deal. Why doesn't anybody use them? Why doesn't anybody say, in the face of this contention or that one, "Prove it"?" -- Bill James
These are some of my favorite quotes from the book, Moneyball by Michael Lewis. I especially like the Bill James quote basically asking why if we have the data and are asking the right questions...why oh why don't we use them in our strategies? Instead we focus on arguing our point with opinions. Enjoy reading books where the author makes the case to invest in stocks because Echo Boomers are an emerging powerful consumer and a host of other dynamics that can't be tested nor quantified on enough data points to matter.
This is why I like the recent Larry Connors book, How Markets Really Work. No opinions or pithy remarks. Connors instead focuses on Moneyballing the Market. Taking commonly held beliefs and turning them upside down and exposing them for what they truly are...eternal themes of the market sung by the Greek chorus of brokers, analysts, and media pundits.
Questions are asked and data is analyzed. And this analysis of data is what triggered this review. It changed the way I create, test, and design my systems. Before I would come up with an idea and immediately run a template system with my idea to expose the common statistics I look for...win%, avg gain, max drawdown, etc. From there I would begin filtering to improve and refine.
But, I really like the Connors method instead. He asks a question like is it true that new short-term highs are a sign of a healthy market? Then collects data on short-term highs and corresponding returns and short-term lows and corresponding returns into table form. Then he creates bar charts and equity curves of the comparison between the two to aid in visually analyzing the results of the study. I can see all kinds of possibilities with this method. It feels like more of your original edge is maintained instead of getting bogged down into filtering down the edge into the statistics you are trying to achieve. Plus, via the bar charts and equity curves you can really see whether the edge you think you have is true and robust against a benchmark and opposite view. One of the possibilities of this method is throwing in acrary's random trades from the Edge Test into the mix.
The downside of the book? I would enjoy more tests! More questions! It's just rare to find someone who asks and tests the questions you've been asking and answering yourself. Only other book like it that I've found is Altucher's Trade like a Hedge Fund book. I would have also enjoyed some discussion on how the questions asked relate to individual stocks within the general market.
Overall a book that can help in your pursuit of trading Jeet Kun Do. With that in mind, I'll leave you with this quote:
"True observation begins when one is devoid of set patterns." -- Bruce Lee
Side Note
What's happening to my Astros? It's the 8th inning and Astros are down by 2. The Sox pitchers seem to have the Astros ticket. Especially last night when we had just a good lineup at bat and the big wide one took em' down...one by one. Ah! The pain of being a Houston Astros fan. :)
C'mon Stros!
Later Trades,
MT
Sunday, October 16, 2005
I'm Back!
What a week! I've been through Louisiana, Mississippi, Alabama, Georgia, Tennesse, and Arkansas on my travels this past week. We pretty much stayed in and around Atlanta either at a conference or with family. It has been a great experience. Learned a lot at the conference, spent some quality time with family, and enjoyed some great scenery such as the Appalachian Mountains north of Atlanta.
The difficult part was being cut-off from the Internet for such as long time (1 week). Ha ha. And I'm paying for it with all the emails and blogs to read. The blogosphere has been busy!
I also got a chance to dive into the book, How Markets Really Work by Connors and Sen. A great book and one that triggered several system ideas that I'm anxious to work on. I plan to discuss more on this book later in the week...so stay tuned!
Also, thank you to everyone on the baby news congrats. I really appreciate it.
Well, gotta get back to my rat-killin...so check out these posts that caught my attention and I'll write more later.
Later Trades,
MT
The difficult part was being cut-off from the Internet for such as long time (1 week). Ha ha. And I'm paying for it with all the emails and blogs to read. The blogosphere has been busy!
I also got a chance to dive into the book, How Markets Really Work by Connors and Sen. A great book and one that triggered several system ideas that I'm anxious to work on. I plan to discuss more on this book later in the week...so stay tuned!
Also, thank you to everyone on the baby news congrats. I really appreciate it.
Well, gotta get back to my rat-killin...so check out these posts that caught my attention and I'll write more later.
Recent interview of Ryan Jones a.k.a Fixed Ratio Jones by TradingMarkets. Read here.By the way, a big thank you goes out to April for introducing me to Ginger Ale on our recent trip. Great stuff. Can you believe I've never had ginger ale before? I know, I know...I'm showing how backwoods I am. April was kind enough to send me home with two bottles. Also, they grilled some steak that was amazing and were kind enough to share their seasoning secrets...Dale's Seasoning. Amazing stuff. And another thank you to Mysti for taking us to the Fair and letting us borrow their MapQuest to get home. I really don't know how we would have gotten back without it. Thanks guys!
This article by Steven Gabriel shares some of the insights from the book, How Markets Really Work. Read here.
Nice blog by Dr. Wish that I recently stumbled across. Here's one of his posts detailing the Darvis Method of Trading. Read here. There's some great system ideas in this post to test.
Later Trades,
MT
Friday, October 07, 2005
Having a Baby!
Just got back from the doc...it's official...we're having another baby!!!
Enjoy your weekend!
MT
Monday, October 03, 2005
Interview with Hank Camp from TradingMarkets
Lot on my plate tonight but wanted to point you to this great interview of Hank Camp by TradingMarkets.com. I jotted down several notes from the interview...including:
Actually, first thing I'm starting off with tonight is testing a volatility stop involving the close divided by a long-term moving average. Call this value R. Then smooth R with a shorter moving average duration. Apply a lower band of 3% to 5% from the smoothed R and if the original R drops below the smoothed R...scale out a portion of the whole position or get out entirely. This vol stop was discussed in the recent AIQ Opening Bell newsletter. You can find several issues of the Opening Bell here. Enjoy!
Later Trades,
MT
Trading using the PREM. I've actually coded a crude version of PREM in my systems before...but never knew the true technical term until this article.By the way, do you keep a trading notebook for articles like these? To jot down notes, ideas, further research topics? I've got stacks of these things. I've briefly addressed this topic before on dealing with ADD and the need to write things down...but I think this would benefit all traders out there. For example, tonight I have my notes from the above interview along with action items to test in my nightly system studies.
Nice tidbits on quote services and nomenclature of the PREM series (DTN, Esignal, Comstock, and TradeStation). Check out their website for further detail on quote providers here.
Interesting insights into event trading such as "reverse manipulation" during options expiration, days of the week (option expiration Mondays, unemployment report Fridays, and Friday 13th), and William %R.
Actually, first thing I'm starting off with tonight is testing a volatility stop involving the close divided by a long-term moving average. Call this value R. Then smooth R with a shorter moving average duration. Apply a lower band of 3% to 5% from the smoothed R and if the original R drops below the smoothed R...scale out a portion of the whole position or get out entirely. This vol stop was discussed in the recent AIQ Opening Bell newsletter. You can find several issues of the Opening Bell here. Enjoy!
Later Trades,
MT
Lake Livingston - Dry Lake
Another picture of the effects of the water release. This area was a nice little cove where shad would get driven into by the thousands. Great place to cast for bait. Now high and dry.
By the way, had a great idea over the weekend on a topic for this blog. I'll need a little time to research just how I'm going to handle it. But, once the research is complete...I'll share it with ya'll. Should be fun!
Have a great week!
MT
Lake Livingston - Dry Lake II
Took some pictures of the lake to showcase just how much water has been released from the Lake Livingston Dam. Refer to this post for the before pictures of the lake.
Friday, September 30, 2005
Serenity Now
"Fishing is much more than fish. It is the great occasion when we may return to the fine simplicity of our forefathers." -- Herbert Hoover
Figured this picture was most appropriate for this week's Serenity Now since my daughter's birthday is this weekend.
This pic was taken while catching her first fish, a little largemouth bass. She actually caught two fish that day. The other one was a crappie. Okay, enough bragging. :)
Have a good weekend!
MT
Wednesday, September 28, 2005
Reversion to the Mean
Interesting post from Michael Covel titled Reversion to the Mean. Thanks to Ugly Chart for the FatKat link which triggered a search for James Simmons (Renaissance Technologies) which then guided me to Michael Covel's post. Funny where someone's post will take you. :)
Back to Covel's post. This talk of the next landing likely to be average in regard to pilots garners the question...will your next trade likely be average? Is there some dependency out there to explore in your trading system's position sizing methods? By following the Martingale method, am I rewarding my perfect landings (increasing size of next position) and ridiculing my bad landings (decreasing size of next position)? Oh, ideas to test...
Side Note
We were without power today and this hundred degree weather was a killer. I'm writing to you with a big smile on my face because just after FEMA came around my neighborhood bullhorning that they have no idea when power would be restored...the power was restored! Yeah! Having electricity never felt so good. Even if it's only for a short-time until the next rolling black-out.
Wanted to share a memory I have of my mom that might prove insightful. My mom lived through a lot...but I think the top two things that really put the fear in her were the hurricanes and gas crunch of the late 70's/early 80's. Know what I remember? She never allowed her car's gas tank to get below half a tank. Never. She would keep that sucker topped off every opportunity she got. Kinda like my grandpa after farming through the Great Depression...never kept money in the bank. I wonder, has a whole generation of people passed through these 25 years not understanding what a precious and valuable thing commodities can end up being? Only to experience it first hand over these past few months?
Know what my wife's worry is now? Someone stealing gas out of her car. Not stealing her car...but her gas! Remember when it used to be a big thing to have a lock on your gas cap? To be honest, I grew up never understanding why you'd need a lock on your gas cap. Now, I do. Another story for you...
While waiting in Houston evacuation traffic...everyone was running on gas fumes. The longer it took, the more gas it ate up. One woman was in her car staring off into space, frustrated with the hours she had spent in this traffic, only to witness someone beside her car syphoning off her gas. While she was driving it mind you. She immediately got out, yelled at the guy, and he ran away...cut short of his objective...but with a little more gas than he had before.
Have these past 20 something years been a perfect landing in commodities?
Are we headed for a Reversion to the Mean? Something I speculated back in March in my Canary in a Coal Mine post?
Finally, please keep all the people who still do not have electricity due to Hurricane Rita in your thoughts and prayers. We are having heat records blown out of the sky this week (100+ degree days), no breeze, nothing. And thoughts and prayers for all the men and women of the utility companies who are working around the clock to get power restored.
Later Trades,
MT
Update: Wanted to clarify a bit on the term Martingale. When I referred to Martingale in the above post, I was referring to a specific type of Martingale commonly known as Anti-Martingale. Where you increase bet-size based on winning and decrease bet-size based on losing. The conventional Martingale often referenced in the BlackJack world back in the day increases bet-size on losing.
A few links to explore on Martingale...
Position Sizing by Michael R. Bryant
The Truth About Betting Systems
Betting Systems and the House Edge
Exposing the Gambler's Fallacy
A few links to explore on the Law of Averages and Gambler's Fallacy...
Law of Large Numbers and Gambler's Fallacy
The Law of Large Numbers
Back to Covel's post. This talk of the next landing likely to be average in regard to pilots garners the question...will your next trade likely be average? Is there some dependency out there to explore in your trading system's position sizing methods? By following the Martingale method, am I rewarding my perfect landings (increasing size of next position) and ridiculing my bad landings (decreasing size of next position)? Oh, ideas to test...
Side Note
We were without power today and this hundred degree weather was a killer. I'm writing to you with a big smile on my face because just after FEMA came around my neighborhood bullhorning that they have no idea when power would be restored...the power was restored! Yeah! Having electricity never felt so good. Even if it's only for a short-time until the next rolling black-out.
Wanted to share a memory I have of my mom that might prove insightful. My mom lived through a lot...but I think the top two things that really put the fear in her were the hurricanes and gas crunch of the late 70's/early 80's. Know what I remember? She never allowed her car's gas tank to get below half a tank. Never. She would keep that sucker topped off every opportunity she got. Kinda like my grandpa after farming through the Great Depression...never kept money in the bank. I wonder, has a whole generation of people passed through these 25 years not understanding what a precious and valuable thing commodities can end up being? Only to experience it first hand over these past few months?
Know what my wife's worry is now? Someone stealing gas out of her car. Not stealing her car...but her gas! Remember when it used to be a big thing to have a lock on your gas cap? To be honest, I grew up never understanding why you'd need a lock on your gas cap. Now, I do. Another story for you...
While waiting in Houston evacuation traffic...everyone was running on gas fumes. The longer it took, the more gas it ate up. One woman was in her car staring off into space, frustrated with the hours she had spent in this traffic, only to witness someone beside her car syphoning off her gas. While she was driving it mind you. She immediately got out, yelled at the guy, and he ran away...cut short of his objective...but with a little more gas than he had before.
Have these past 20 something years been a perfect landing in commodities?
Are we headed for a Reversion to the Mean? Something I speculated back in March in my Canary in a Coal Mine post?
Finally, please keep all the people who still do not have electricity due to Hurricane Rita in your thoughts and prayers. We are having heat records blown out of the sky this week (100+ degree days), no breeze, nothing. And thoughts and prayers for all the men and women of the utility companies who are working around the clock to get power restored.
Later Trades,
MT
Update: Wanted to clarify a bit on the term Martingale. When I referred to Martingale in the above post, I was referring to a specific type of Martingale commonly known as Anti-Martingale. Where you increase bet-size based on winning and decrease bet-size based on losing. The conventional Martingale often referenced in the BlackJack world back in the day increases bet-size on losing.
A few links to explore on Martingale...
Position Sizing by Michael R. Bryant
The Truth About Betting Systems
Betting Systems and the House Edge
Exposing the Gambler's Fallacy
A few links to explore on the Law of Averages and Gambler's Fallacy...
Law of Large Numbers and Gambler's Fallacy
The Law of Large Numbers
Monday, September 26, 2005
Serenity Now
Testing the flickr service out. I think I'll try to post a picture each week titled Serenity Now (possibly on Fridays). Just trying to figure out the easiest way to do this.
MT
Lake Livingston Dam Update
I'm powering down for the night but wanted to post a few links to information on the Lake Livingston Dam release currently in progress. First here are the links: Engineers rushing to inspect dam damage, Residents May Have to Leave Because of Worries about Dam, Emergency release of water begins from Livingston Dam.
Note, I checked on the lake levels tonight and it is true...the lake is dropping fast. So, be careful out there...especially if you live in the Liberty County area. When water is released from the dam...the Liberty area will not actually see the full impact until 5 days later. And speaking of Liberty...apparently all power is still down in that area as well as Dayton.
And to my regular readers...please be patient with my current posts. I promise I'll get back to writing about trading and systems very soon. Just feel an obligation to get the word out especially since most of the hurricane coverage is centered around the bigger cities such as Houston and Beaumont.
Take care,
MT
Note, I checked on the lake levels tonight and it is true...the lake is dropping fast. So, be careful out there...especially if you live in the Liberty County area. When water is released from the dam...the Liberty area will not actually see the full impact until 5 days later. And speaking of Liberty...apparently all power is still down in that area as well as Dayton.
And to my regular readers...please be patient with my current posts. I promise I'll get back to writing about trading and systems very soon. Just feel an obligation to get the word out especially since most of the hurricane coverage is centered around the bigger cities such as Houston and Beaumont.
Take care,
MT
Sunday, September 25, 2005
Saturday, September 24, 2005
Livingston / Onalaska Hurricane Status
I'm getting quite a few emails concerning people who hunkered down in the Livingston / Onlaska area during hurricane Rita's attack. They're in the same boat as much of this area: telephone lines down, cell towers down, no power, no gas. These people are very worried because they have not heard anything from the people who stayed in this area since the storm hit. With the news of the Lake Livingston Dam evacuation...I'm sure their fears have only increased.
So, please, if you know anything or you're from the Livingston / Onalaska area...leave a comment on this post giving information on the status of this area. My power keeps coming up and down...so by leaving a comment it will be there for all to see who's desperately looking for information on their loved ones. Plus, it will email me and when I can check...I can email those people looking for answers to let them know the status of things.
Again, if you're in the area please let us know...what's the damage like?, where they're any tornadoes that hit?, what cities/towns/areas are being evacuated due to the release of the Trinity River waters from the Lake Livingston Dam. Where are they locating the evacuees from this area? Any numbers to call to get this kind of information? Any information will be greatly appreciated.
Please keep these people in your thoughts and prayers.
MT
So, please, if you know anything or you're from the Livingston / Onalaska area...leave a comment on this post giving information on the status of this area. My power keeps coming up and down...so by leaving a comment it will be there for all to see who's desperately looking for information on their loved ones. Plus, it will email me and when I can check...I can email those people looking for answers to let them know the status of things.
Again, if you're in the area please let us know...what's the damage like?, where they're any tornadoes that hit?, what cities/towns/areas are being evacuated due to the release of the Trinity River waters from the Lake Livingston Dam. Where are they locating the evacuees from this area? Any numbers to call to get this kind of information? Any information will be greatly appreciated.
Please keep these people in your thoughts and prayers.
MT
Hurricane Rita - Post-Update
The good news is we're okay. But, it was rough. The winds started picking up over 40mph sometime around 2:00am Saturday morning and by 4:00am they were at least 75mph with some gusts well over 100mph. Several points in my area have reported wind gusts as high as 117mph. What really sucks (there is no better word for it) is our largest, prettiest tree collapsed. Literally split into two. Here's a picture of the damage.
I want to thank everyone for keeping us in your thoughts and prayers. We really felt it because the winds were literally howling and miraculously the trees held up to them...actually providing a buffer between us and the winds. We drove around the neighborhood today and most homes are without power but nobody had any serious damage. So, thanks again for the prayers and wishes.
Speaking of fallen trees...really only one other home had tree damage similar to ours.
Now the concern has turned to the Lake Livingston Dam. Read coverage here and here. Apparently the high winds have caused stress on the dam and they need to release water out of the lake in order to assess the damage. We just found out about this a few hours ago and they have ordered a flood evacuation from all the areas surrounding the Trinity River which includes us. But, thankfully, we should be okay since we're north of the Dam. The people who will encounter the released waters will be south of the dam. In fact, everyone north of the dam should see their lake water levels reducing. Here's a pic of that process:
But, just to be safe I'm going to check on the progress of the dam release in my area every hour on the hour. So, please, keep the people south of Lake Livingston Dam in your thoughts and prayers...they're going to need them.
Interesting Tidbits from Hurricane Rita
JLP from AllThingsFinancial shares his evacuation story through the Corrigan/Livingston area that I reported problems on in a prior post. Take note...his story is very similar to several I have heard that had to evacuate through that area. I'm glad JLP and his family made it through.
I was interviewed by SkyNews UK about 5:00am Saturday morning. One of the producers found my blog and they wanted to hear my story on hunkering down in the storm. It just so happened that they called just as the storm was really coming through...winds were at least 70mph...a transformer blew about 20 feet from my house...and it was 5:00am in the morning! In fact, the power went out during this first phone call with them. Needless to say, I was a bit excited. My wife and I keep laughing over and over at one of the comments I made during the live TV interview. They asked me if I was well-stocked for the storm, able to make it through a few days to a few weeks without power. My answer was, "I hope it's not that long...but we're well stocked...I have a garage filled with buckets full of water in case we need to flush." I'm laughing right now as I type that. Where did that come from? Funny the things you say when under stress and being interviewed. Well, at least I gave the nice people over in the UK something to laugh about during this stressful time. One last thing, everyone I talked to at SkyNews was incredibly nice, understanding, and sincere. Good people.
In addition to the falling tree there was a fire just a block in front of my house. It started from the electrical lines getting hit by the trees and got big enough that I could start to smell it. I was frantically throwing on work boots in order to get over there and help but almost as soon as it started it sputtered out. Thank goodness for that.
Here's some links to pictures of the evacuations through Huntsville that are simply incredible. This is what I was witnessing in my Grapes of Wrath post.
A couple of news sites made note of my hurricane coverage.
Netscape News with CNN listed it as an Editors' Web Picks on What People are Saying.
The Guardian Unlimited quoted several of my comments on the evacuation and hunkering down for little Rita.
That's it for now. Time to check on those lake levels.
MT
I want to thank everyone for keeping us in your thoughts and prayers. We really felt it because the winds were literally howling and miraculously the trees held up to them...actually providing a buffer between us and the winds. We drove around the neighborhood today and most homes are without power but nobody had any serious damage. So, thanks again for the prayers and wishes.
Speaking of fallen trees...really only one other home had tree damage similar to ours.
Now the concern has turned to the Lake Livingston Dam. Read coverage here and here. Apparently the high winds have caused stress on the dam and they need to release water out of the lake in order to assess the damage. We just found out about this a few hours ago and they have ordered a flood evacuation from all the areas surrounding the Trinity River which includes us. But, thankfully, we should be okay since we're north of the Dam. The people who will encounter the released waters will be south of the dam. In fact, everyone north of the dam should see their lake water levels reducing. Here's a pic of that process:
But, just to be safe I'm going to check on the progress of the dam release in my area every hour on the hour. So, please, keep the people south of Lake Livingston Dam in your thoughts and prayers...they're going to need them.
Interesting Tidbits from Hurricane Rita
JLP from AllThingsFinancial shares his evacuation story through the Corrigan/Livingston area that I reported problems on in a prior post. Take note...his story is very similar to several I have heard that had to evacuate through that area. I'm glad JLP and his family made it through.
I was interviewed by SkyNews UK about 5:00am Saturday morning. One of the producers found my blog and they wanted to hear my story on hunkering down in the storm. It just so happened that they called just as the storm was really coming through...winds were at least 70mph...a transformer blew about 20 feet from my house...and it was 5:00am in the morning! In fact, the power went out during this first phone call with them. Needless to say, I was a bit excited. My wife and I keep laughing over and over at one of the comments I made during the live TV interview. They asked me if I was well-stocked for the storm, able to make it through a few days to a few weeks without power. My answer was, "I hope it's not that long...but we're well stocked...I have a garage filled with buckets full of water in case we need to flush." I'm laughing right now as I type that. Where did that come from? Funny the things you say when under stress and being interviewed. Well, at least I gave the nice people over in the UK something to laugh about during this stressful time. One last thing, everyone I talked to at SkyNews was incredibly nice, understanding, and sincere. Good people.
In addition to the falling tree there was a fire just a block in front of my house. It started from the electrical lines getting hit by the trees and got big enough that I could start to smell it. I was frantically throwing on work boots in order to get over there and help but almost as soon as it started it sputtered out. Thank goodness for that.
Here's some links to pictures of the evacuations through Huntsville that are simply incredible. This is what I was witnessing in my Grapes of Wrath post.
A couple of news sites made note of my hurricane coverage.
Netscape News with CNN listed it as an Editors' Web Picks on What People are Saying.
The Guardian Unlimited quoted several of my comments on the evacuation and hunkering down for little Rita.
That's it for now. Time to check on those lake levels.
MT
Friday, September 23, 2005
The winds and rains have arrived...
Well, the weather has turned. The winds and rains are here...so I'm signing off. Unplugging all the electronics and sitting tight.
Take care and I'll see you on the other side.
Later Trades,
MT
Take care and I'll see you on the other side.
Later Trades,
MT
Pre Rita
Well, looks like this hurricane is moving more east of us and might not be as bad as previously believed. That's the good news for us. Bad for Louisiana.
Also, there's hundreds of people stuck in Corrigan for hours (14+). The friend I was referring to in my previous post who's waiting on his family is still waiting. They left Port Arthur early yesterday and they've been stuck in the Corrigan area all day, all night, and now all of today. Nobody has any gas and they're really going through the ringer.
Another update. Apparently there are 20 to 25 tankers of gas heading from Fort Hood to the Huntsville/Riverside/Trinity area to deliver gas. That's the good news for all of us. But, that doesn't help those Corrigan people. Someone needs to get them gas and fast.
Well, I promised some pics and here are a couple of the lake taken approximately 1:00pm central standard time.
Calm waters
Another pic where you can view the water level in relation to the pier.
I'll post a follow-up to these pictures post Rita.
Wind right now just picked up pretty good. This could get interesting. I'll be disconnecting shortly after the market closes (3:00pm central standard time) and moving my PC to a safer location. Here's a view outside my home office.
As you can see...plenty of trees which should act as a buffer from the wind. Let's hope they can stand up to this wind.
Might be my last post for the day. I've got some more rat-killing to do in order to be ready for this hurricane. And family to take care of.
Take care,
MT
Also, there's hundreds of people stuck in Corrigan for hours (14+). The friend I was referring to in my previous post who's waiting on his family is still waiting. They left Port Arthur early yesterday and they've been stuck in the Corrigan area all day, all night, and now all of today. Nobody has any gas and they're really going through the ringer.
Another update. Apparently there are 20 to 25 tankers of gas heading from Fort Hood to the Huntsville/Riverside/Trinity area to deliver gas. That's the good news for all of us. But, that doesn't help those Corrigan people. Someone needs to get them gas and fast.
Well, I promised some pics and here are a couple of the lake taken approximately 1:00pm central standard time.
Calm waters
Another pic where you can view the water level in relation to the pier.
I'll post a follow-up to these pictures post Rita.
Wind right now just picked up pretty good. This could get interesting. I'll be disconnecting shortly after the market closes (3:00pm central standard time) and moving my PC to a safer location. Here's a view outside my home office.
As you can see...plenty of trees which should act as a buffer from the wind. Let's hope they can stand up to this wind.
Might be my last post for the day. I've got some more rat-killing to do in order to be ready for this hurricane. And family to take care of.
Take care,
MT
Rita and the Lake Area
You'd never imagine a hurricane was coming sometime today. The skies are clear, just a slight breeze, and finally the heat from yesterday has dissipated a bit.
I've gotten a few emails on the area I live and blog about. So, I've included a picture of the lake and surrounding areas in relation to the Gulf Coast and little Rita.
As you can see, we should be okay. It's far enough away from the coast that we hopefully will be able to avoid much of the damage little Rita is sure to cause. The concerning factor is which side of the hurricane will we be? If to the west...the winds and possible tornadoes spinoffs should be somewhat limited. If on the dirty side (east of hurricane)...then we'll be in for some very strong winds (75mph+) and the worst part...tornadoes. When hurricane Carla came through years ago...the dirty side spunoff over 100 tornadoes. Pretty scary if you ask me.
Please keep the people evacuating Houston/Beaumont area in your thoughts and prayers. There are many families still stuck in their cars. Two friends of mine are still waiting on family to get to their houses. Those families started driving early yesterday morning. It's a real helpless feeling when you're only an hour away from your destination and you're out of gas, water, food, and your stuck in a traffic for hours on end. Worst part about it is it's very difficult to bring anything to them even if you could get your hands on some gas...which is almost impossible.
Finally, take a look over at Bill Cara's site. He has covered Rita and its economic impact very well. Take a look at all the oil rigs that are likely to be hit from Rita this time around. I cannot imagine the damage this will cause.
Source: Rigzone via Bill Cara
As I'm finishing up this post...you can hear and feel the winds are growing stronger. Take a look at the recent satellite image of Rita and you can see it's coming. I'll post some pics later.
Take care,
MT
I've gotten a few emails on the area I live and blog about. So, I've included a picture of the lake and surrounding areas in relation to the Gulf Coast and little Rita.
As you can see, we should be okay. It's far enough away from the coast that we hopefully will be able to avoid much of the damage little Rita is sure to cause. The concerning factor is which side of the hurricane will we be? If to the west...the winds and possible tornadoes spinoffs should be somewhat limited. If on the dirty side (east of hurricane)...then we'll be in for some very strong winds (75mph+) and the worst part...tornadoes. When hurricane Carla came through years ago...the dirty side spunoff over 100 tornadoes. Pretty scary if you ask me.
Please keep the people evacuating Houston/Beaumont area in your thoughts and prayers. There are many families still stuck in their cars. Two friends of mine are still waiting on family to get to their houses. Those families started driving early yesterday morning. It's a real helpless feeling when you're only an hour away from your destination and you're out of gas, water, food, and your stuck in a traffic for hours on end. Worst part about it is it's very difficult to bring anything to them even if you could get your hands on some gas...which is almost impossible.
Finally, take a look over at Bill Cara's site. He has covered Rita and its economic impact very well. Take a look at all the oil rigs that are likely to be hit from Rita this time around. I cannot imagine the damage this will cause.
Source: Rigzone via Bill Cara
As I'm finishing up this post...you can hear and feel the winds are growing stronger. Take a look at the recent satellite image of Rita and you can see it's coming. I'll post some pics later.
Take care,
MT
Hurricane Rita
Houses were shut tight, and cloth wedged around doors and windows, but the dust came in so thinly that it could not be seen in the air, and it settled like pollen on the chairs and tables, on the dishes. -- The Grapes of Wrath
The mass exodus from Houston and Beaumont areas are causing all kinds of problems. Gas raids in particular. In my area today there were only 2 gas stations with gas and those stations looked like a Super WalMart parking lot. And you gotta realize...I'm talking small small towns. The type of towns where you blink and you miss em'. These towns haven't ever seen these type of crowds in their entire history. You're talking about a standard deviation breakout on the town populations.
And you definitely get a Grapes of Wrath sense while driving the roads. Families carrying their house in their cars & trucks. Not just one car but a caravan of cars traversing the highways. Moms following Dads, Aunts, Uncles, etc. All their belongings crammed into their trucks, uhauls, horse trailers, and cars. Kinda scary. Keep these folks in your thoughts and prayers.
Experiencing all this takes me back to my childhood days when we lived some miles north of Galveston off I-45. I cannot remember the name of the hurricane that hit...just remember my dad was gone (offshore oil drilling) and my mom and I were left to face the storm alone. That was back in the day when you were told to open up all the doors and windows in your home to allow the winds to pass through your house. Mom threw me into the bathtub and took my mattress and covered us with it. Yes, empty bathtub, mattress, all the doors and windows open...hurricane hits. Sounded like a freight train when it came through. I wanted to look so bad but mom just about smothered me trying to keep me safe.
The only other memory I have of that event was what it felt like to be in the eye of the hurricane. I can still remember the smell of the air...clean...distinctive. Of course, the sky was clear. Got a sense of awe for sure. That's about all I remember. I do think my dad was finally able to get back home and had to swim from I-45 to our neck of the woods to get home. Yes, I did say swim. Not sure, but think he just left his car on the side of the road. Funny the things you remember.
Other interesting things...I live a block or two from a lake. This community consists of lake homes (wood siding, pier&beam). About half are residents and the other half weekenders. Today when I drove home I took a look at who was home...almost every weekend home had at least 10 to 15 cars/trucks at the house. I guess, some have escaped up here. But, the reports on the news say this area will still get up to 100 mph winds from little Rita. So, say a prayer for these folks as well...and that includes me & my family.
Yes, we're hunkering down and going to tough it out. I spent the afternoon battening down the hatches, backing up my computer equipment, securing the boat, and smoking some briscuit for the storm ahead. Yes, every good Texan knows you gotta do some grilling during hurricane time. And a Corona or two to keep your sanity or lack thereof.
I'll try to post some pics of pre-Rita and post-Rita for ya. And keep you updated on the progress in hurricane central. In the mean time, you can check out another blog covering the hurricane.
Last but not least check out the FundAlarm site. Take note of the experiment they're doing with a market-timing newsletter. I think it'll be interesting to see how this unfolds.
Later Trades,
MT
The mass exodus from Houston and Beaumont areas are causing all kinds of problems. Gas raids in particular. In my area today there were only 2 gas stations with gas and those stations looked like a Super WalMart parking lot. And you gotta realize...I'm talking small small towns. The type of towns where you blink and you miss em'. These towns haven't ever seen these type of crowds in their entire history. You're talking about a standard deviation breakout on the town populations.
And you definitely get a Grapes of Wrath sense while driving the roads. Families carrying their house in their cars & trucks. Not just one car but a caravan of cars traversing the highways. Moms following Dads, Aunts, Uncles, etc. All their belongings crammed into their trucks, uhauls, horse trailers, and cars. Kinda scary. Keep these folks in your thoughts and prayers.
Experiencing all this takes me back to my childhood days when we lived some miles north of Galveston off I-45. I cannot remember the name of the hurricane that hit...just remember my dad was gone (offshore oil drilling) and my mom and I were left to face the storm alone. That was back in the day when you were told to open up all the doors and windows in your home to allow the winds to pass through your house. Mom threw me into the bathtub and took my mattress and covered us with it. Yes, empty bathtub, mattress, all the doors and windows open...hurricane hits. Sounded like a freight train when it came through. I wanted to look so bad but mom just about smothered me trying to keep me safe.
The only other memory I have of that event was what it felt like to be in the eye of the hurricane. I can still remember the smell of the air...clean...distinctive. Of course, the sky was clear. Got a sense of awe for sure. That's about all I remember. I do think my dad was finally able to get back home and had to swim from I-45 to our neck of the woods to get home. Yes, I did say swim. Not sure, but think he just left his car on the side of the road. Funny the things you remember.
Other interesting things...I live a block or two from a lake. This community consists of lake homes (wood siding, pier&beam). About half are residents and the other half weekenders. Today when I drove home I took a look at who was home...almost every weekend home had at least 10 to 15 cars/trucks at the house. I guess, some have escaped up here. But, the reports on the news say this area will still get up to 100 mph winds from little Rita. So, say a prayer for these folks as well...and that includes me & my family.
Yes, we're hunkering down and going to tough it out. I spent the afternoon battening down the hatches, backing up my computer equipment, securing the boat, and smoking some briscuit for the storm ahead. Yes, every good Texan knows you gotta do some grilling during hurricane time. And a Corona or two to keep your sanity or lack thereof.
I'll try to post some pics of pre-Rita and post-Rita for ya. And keep you updated on the progress in hurricane central. In the mean time, you can check out another blog covering the hurricane.
Last but not least check out the FundAlarm site. Take note of the experiment they're doing with a market-timing newsletter. I think it'll be interesting to see how this unfolds.
Later Trades,
MT
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