Tag Archives: Groundhog Day

Punxsutawney Phil 'indicted' over spring forecast

Famed groundhog Punxsutawney Phil might want to go back into hibernation.

Authorities in still-frigid Ohio have issued an “indictment” of the furry rodent, who predicted an early spring when he didn’t see his shadow after emerging from his western Pennsylvania lair on Feb. 2.

Punxsutawney Phil did purposely, and with prior calculation and design, cause the people to believe that spring would come early,” Mike Gmoser, the prosecutor in southwestern Ohio’s Butler County, wrote in an official-looking indictment.

Gmoser wrote that Punxsutawney Phil is charged with misrepresentation of spring, which constitutes a felony “against the peace and dignity of the state of Ohio.”

The penalty Phil faces? Gmoser says — tongue firmly in cheek — is death.

Punxsutawney Phil does not have a listed phone number.

Bill Deeley, president of the Punxsutawney club that organizes Groundhog Day, said Phil has a lawyer and would fight any extradition attempt by Ohio authorities.

Deeley defended his fur-bearing associate and said the death penalty was “very harsh” given the nature of the allegations.

“We’ll have to plead our case one way or the other, but I think we can beat the rap,” Deeley said.

The vitriolic backlash on social media to Phil’s dead-wrong prognostication has not gone unnoticed in and around Gobbler’s Knob, Deeley said, and special security precautions were in place.

Right next to where Phil stays is the police station,” he said. “They’ve been notified and they said they will keep watching their monitors.”

Winter has been dragging on in the Buckeye State and surrounding areas, with daily high temperatures this week hovering in the mid-30s and no end in sight for about 10 days, said Don Hughes, a meteorologist with the National Weather Service in Wilmington, Ohio.

A storm moving into the region Sunday could bring between 4 and 8 inches of snow, he said.

“It’s taking too long,” Hughes said, adding that he’s hearing plenty of complaints from colleagues and neighbors about the late spring. “Most people …read more
Source: FULL ARTICLE at Fox US News

The Truth Behind This Market's "Groundhog Day"

By Alex Dumortier, CFA, The Motley Fool

Filed under:

The market appears to be experiencing its own version of Groundhog Day this month, the 1993 comedy that had Bill Murray caught in a loop in which he repeats the same day over and over again. Indeed, the Dow Jones Industrial Average
has now risen every day in March, for a 10-day winning streak — the longest one since Nov. 1996! In the process, it has managed to set eight consecutive

record highs

.

Curiously, even if you assume no upward drift in stock prices, a 10-day winning streak should actually occur more frequently than every 16 years. Indeed, assuming an equal probability of the index rising or falling on any given day, a 10-day winning streak is equivalent to flipping a fair coin 10 times, and obtaining 10 heads, which has a probability equal to one-half raised to the tenth power, or 0.1%.

That might sound like very long odds, but, assuming 252 trading days in the year, a streak of that length would occur roughly every four years, on average. Bottom line: The current streak is perhaps not as unusual as it appears. For more on the possible significance of streaks in this market, see my column, Is a Secular Bull Market Under Way?, which I wrote back in January when the S&P 500 recorded an eight-day winning streak of its own.

Speaking of the S&P 500, despite gaining 0.56% today, it failed, once more, to break its Oct. 2007 all-time (nominal) high of 1,565.15, all the while closing within 1% of this level for the fifth day consecutively. The good news is that the index is inching closer — it’s now little more than 0.1% from the prize. Keep the confetti and party favors close at hand.

More than streaks and record highs, I’m more concerned about the VIX Index , Wall Street‘s fear gauge, which fell another 4.5% today, to close at 11.30. This is the lowest level achieved since April 2005, and corresponds to the bottom 3.5% of values since the index’s inception in Jan. 1990. Try as I may, I simply cannot reconcile those numbers — which suggest a high degree of investor complacency — with the current environment.  (The VIX is calculated from S&P 500 option prices, and reflects investor expectations for stock market volatility over the coming thirty days.)

If you’re ready to invest with conviction, based on fundamentals, cashflows and competitive advantage, the Motley Fool‘s chief investment officer has selected his No. 1 stock for this year. Find out which stock it is in the brand-new free report, “The Motley Fool’s Top Stock for 2013.” Just click here to access the report …read more
Source: FULL ARTICLE at DailyFinance

Groundhog Day: Phil Predicts Early Spring

It’s Groundhog Day, and Punxsutawney Phil predicts an early spring. The Pennsylvanian did not see his shadow in Gobbler’s Knob this morning, according to the “Inner Circle” that runs the ceremony. No word yet from rivals Staten Island Chuck in New York, General Beauregard Lee in Atlanta, or Wiarton Willie
Source: FULL ARTICLE at Newser – Home

Garfield, Groundhog Day Outfits for LittleBigPlanet

Sony has released Garfield and Odie downloadable content for LittleBigPlanet. Compatible with LittleBigPlanet 2 and LittleBigPlanet PS Vita, the Garfield and Odie Minipack offers two new costumes themed after the lasagna-loving cat and his canine nemesis, plus new Garfield-themed stickers.

Sony has also confirmed that the Groundhog Day costume will return for the holiday on February 2nd and will be free on the PlayStation Store for one week.

Continue reading…

Source: FULL ARTICLE at IGN Video Games