So, be sure to file this rumor under “just in case,” but IESB – who has been known to have connections at Lucasfilm in the past – is currently reporting that Lucas is “plotting to create” new Star Wars movies which would be released after the six three 3D re-releases and would take place far in the future, not relating to the Skywalkers. More after the jump? You bet we do.
“This is, of course, completely false,” Lucasfilm spokesman Josh Kushins wrote to Wired. “George Lucas has plenty of projects to keep him busy right now — including plenty of Star Wars projects — but there are no new Star Wars feature films planned.”
What are they going to say, though, right? “Damn it. You got us. George Lucas has a whole new pair of trilogies being planned for later this decade.” Let’s be serious. Whether or not this rumor is true or false, Lucasfilm has to deny it.
In the IESB piece, they back up their source by informing readers that they broke the news of Revenge of the Sith’s PG-13 rating, the live action TV show as well as The Clone Wars show. They believe that’s enough to substantiate the rumor.
Specifically, they report that while working on the 3D conversions of the new films, which will begin in 2012 with Star Wars Episode I: The Phantom Menace, Lucas “has gotten the itch.” He has “gotten motivated with the success the Clone Wars animated series, the video games and also with the success of Avatar.”
The sequels, not prequels, would not focus on the Skywalkers, but instead be set in the future. Same universe, but totally different story. By doing this, Lucas doesn’t have to fit pieces into a puzzle like he had to do with the prequels. And he has stated that that process was creatively constricting to him.
So, apparently, his plan is work on all the 3D movies, make several hundred million more dollars, then use that money to make new movies – hopefully releasing the first one within a year or two of the Star Wars Episode VI: Return of the Jedi 3D release would would be in like 2017.
We know. This rumor is crazy. And we only report it as a rumor because it’s such a juicy one and it keeps coming up. But, one time, it’s bound to be true, right?
I can’t wait to read your comments on this one.
BR: Eloquent, insightful, lucid — why on earth would the filter catch this? Its the perfect comment !
markpmc Says:
October 6th, 2010 at 5:24 pm
the title reminds me of the question greg maddux asked a rookie pitcher.
“You trying to throw strikes or get people out?”
Liquidity Trader Says:
October 6th, 2010 at 5:27 pm
ahab,
The comment was from a traders perspective — it went right over your head.
Not only do you impose your politics on a non-political post, you completely misunderstand it. And to magnify your foolishness, you are rude to our host in a way that reveals you to be a much bigger asshole than I previously imagined.
This site is not for people like you — its for serious asset types. Try one of the Austrians sites,or ZH — they don’t care about making money.
mbelardes Says:
October 6th, 2010 at 5:42 pm
After reading through the comments (I rarely see BR this active on the comments, by the way) I’ve come to the conlcusion that some of the commenters are here to learn about macro perspectives and data analysis as a part of money management and some are here to root against the money management sector altogether.
This is why some of the posts where BR criticizes the market and market participants, such as firms and regulators, are so wildly popular and some of the sweet charts and data analysis get MAYBE a few dozen comments.
JasRas Says:
October 6th, 2010 at 6:11 pm
I’m in the makin’ money business, and frankly this isn’t that hard!! Right or wrong, the Fed and other CB’s are doing some version of QE, monetary expansion, etc… My basic view is dollars are worth less and other things are worth more…other things mean stocks, commodities–including precious metals, etc. Things that promise to return your dollars at a latter date in exchange for a predictable cash flow (ie. fixed income) mean you are getting dollars back later at an unknown deflated value. The cash flow paid in no way is compensating you for that lost buying power. Now, you say, there is no inflation! Look at the CPI. Well….if you believe stats compiled by the government, good luck to you because assets that perform well in inflationary environments are doing well. What amount is inflation and what amount is debasement is not for me to figure out or care….
Are we short term over bought? In all probability, yes. Is this market obliging people and “letting them in”? NO! My experience with rallies that “won’t let you in” is that they’ve got a ways to go. With so many institutional types underperforming, you are witnessing a rally most likely driven by career risk. But, again, the why is somewhat irrelevant. Are you going to watch, or are you going to participate? Are you long? Are you long enough?
The interesting thing I see is the TNX is still hitting record low yields on the 10yr… Someone is going to be wrong, and in a big way because these rubberbands only stretch sooooo far. Is it stocks or is it fixed? One could argue that both are overbought right now. Gold too for that matter. Something somewhere is going to take a breather. Which do you want to be wrong on. You want to top-tick fixed income? Gold? Or a stock market that still isn’t up to the April highs? I can tell you which one is easiest to get forgiveness for…equities.
Good luck to all.
davver Says:
October 6th, 2010 at 6:22 pm
Barry,
The essential problem is how one is supposed to own assets they know are overpriced. If you believe equities are overpriced then you are playing a greater fools game. How are you to know when you aren’t the greatest fool?
“BTW, just because you are making money in other sectors, does not mean you CANNOT make money in equities.
Making money in Gold or Bonds (ala my pal David Rosenberg) does not excuse missing a HUGE Equity rally.”
Can’t you say the same thing about every bubble? Shouldn’t I have been flipping houses from 2003-2005. Shouldn’t you have been buying and then selling tech 1998-2000. The truth is you have no clue when a bubble is going to end. You could just as easily have seen the housing bubble or tech bubble end earlier or later then it did. There is no rationality to a bubble. Prices simply get more and more insane until they don’t anymore. They seem just as insane the whole way through. You can’t say you have some magic insight as to pinpoint when the insanity will stop.
Look, I use technical investing and other indicators to try and pick my buy and sell points. But I buy things I think have good fundamentals and I sell them when I think they don’t anymore. The technical stuff just helps me pick specific entry/exit points on things I already feel good about. I don’t run out and buy assets I think are crap because some chart or sentiment indicator or gut feel makes me.
When I was younger I put myself through college playing poker, which I feel is very similar to investing. I was a pretty conservative player. I read up on Sklansky, analyzed my hands logically, and played very mathematically. I was aggressive but didn’t naked bluff often just enough to keep people off balance and steal some pots. I was careful never to get too deep into a hand that was trouble. It was reliable profit.
Some people are successful a very different way. They are extremely hyper aggressive and bluff constantly. They rely almost entirely on reading their opponent with little regard for their own cards. I’m sure that there are many people with a similar talent for trading financial instruments. They have a read on the tape. They can make money that way. However, like poker there are many people who think they can do that and can’t for every one that can. In fact I’d say its less likely in investing, as the sample size on investments is too small and the complexity too great.
If you truly think you have the talent to pick the bottom and top of every single investment trend then congratulations. Me, I’ve got to be more humble. I’ve got to focus on things I understand and have a track record of success with. I’d rather stay away from things I consider dangerous that I don’t understand. So I don’t think its wrong to chase every single bubble. Like Rosenburg I’ve made decent profits in gold and bonds. And I didn’t lose any on the way down for equities, in fact I captured about half of the down leg as a short before covering. Maybe I didn’t quintuple my money, but I’ve done rather well, and with a very low amount of risk in my mind.
DiggidyDan Says:
October 6th, 2010 at 6:22 pm
I’m just glad after liquidating a lot of my positions from the stock market due to not believing the economic recovery was sustainable, I kept my basic core holdings in stocks i still believed in that pay good dividends and have constant demand such as ADM, BDX, BHP, CVX, GSK, JNJ, MMM, SCCO(formerly PCU YEAH COPPER!) and UL. and halved the rest of the stuff between long term TIPS Bond funds (LTPZ and PRRRX) and an emergency fund in 3% yield MM account. Only problem is I had a couple unforseen blowups in BP and BAX due to non market catastrophes that stopped me out and cost me some big coin. I haven’t made much money over the last 3 years, but I haven’t lost any and I have beat the S&P 500.
Only problem is, I lost 60 Large in the housing market and can’t refi at these low rates and took a pay cut.
call me ahab Says:
October 6th, 2010 at 6:23 pm
“This site is not for people like you — its for serious asset types”
laughable (and so full of self importance)- also you may want to consider a career in blog enforcement(as if BR can’t take care of himself)-
also- where are my politics? Where were they mentioned in this thread?
I guess you must have mind melded me from across your keyboard (and my guess is you still got it wrong)
Mark E Hoffer Says:
October 6th, 2010 at 6:26 pm
“Regardless of how the rally concludes, the folks who missed an 85% generational run up in equities will pound their chests and say “See, we told you so!” And they will have made absolutely no money in the process.”–BR, above
BR,
‘Equities’ are the ‘only investment’?
why not run some DOW/Gold, or DOW/Silver, Charts to go with that?
as Boockvar, rightly, was pointing out, recently, the SPX/CRBRIND, after the “strongest one-month Equity Rally since ’39″, is nearly 1 ..
Hey, you’re better than that…
call me ahab Says:
October 6th, 2010 at 6:30 pm
I ask:
“what happens if the Fed doesn’t or is unable to oblige?”
BR replies:
“Then you sell.”
I was looking for something more thorough (in a macro sense)- but I like this answer just on brevity alone
gman Says:
October 6th, 2010 at 6:59 pm
Venn,
I may use that rant in the near future…maybe at my firm…to the only person who is a “tea-party fellow traveler”…who also just happens to be the only trader of the 9 we have who is struggling!
Well put!
Andy T Says:
October 6th, 2010 at 7:03 pm
Boo-Yah Barry!
GYSC Says:
October 6th, 2010 at 7:10 pm
Barry,
I appreciate you taking the time to post this and answer all the comments. I think I see better know how you look at things.
Andy T Says:
October 6th, 2010 at 7:17 pm
It’s actually a good post BR. It does come across a little bit like “chest-thumping,” but sometimes the black and white pixels come across in a different way than the voice/tone in the head. We’ve all come across the wrong way in the written word.
With that said, I think the S&P will trade below 900 before 12/31/2011. I’d take some friendly side-action on that proposition bet.
rootless Says:
October 6th, 2010 at 7:21 pm
Barry,
We made money from March 09 til April 2010. Since then, we have mostly avoided losing money. Its been a good strategy.
Well, good. I haven’t been doing so well for recent months. But it wasn’t my fault. My trading program did it.
However, as of today, S&P500 is down only 4.7% from the peak in April. So my criticism stands. You say your approach is right, because you have made money since March 09, based on the performance mostly during the price run up. You say yourself the secular bear market has still to find its bottom. Right? And you think the market is overvalued based on metrics like CAPE? Then, I have to agree with some other commenter here, that you are playing the greater fool game. And, in addition to that, you ridicule the ones who are grumpy about it and don’t want to play along and have therefore “missed a 85% generational run up”. You basically say that everyone who participates in this game could have made huge profits. But this logic is flawed. A greater fool game can’t work and won’t have worked for everyone who has participated, after everything is said and done. It only works for some, the ones who are the first ones at the exits, you may belong to those, but it doesn’t work for many. It works for some because it doesn’t work for many. The gains for the ones are the losses for the other ones. The outcome this time won’t be different to the final outcome of the stock market and real estate bubble earlier this decade with misery for many. And the judgment over any investment approach will be spoken when the market cycle has come to its full closure, not based on the performance from the market lows in March 2009 to today.
Your at least implicit advice that one should do it like you have done it, if one wants to make big gains in the stock market, is actually very bad advice, even if it has worked for you.
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The Giants haven't set their roster for Game 1 of the World Series tomorrow, but I've been able to glean some information on which way Manager Bruce Bochy and.
atlanta property management
Juan Williams: Fox <b>News</b> Lets 'Black Guy With A Hispanic Name' Host <b>...</b>
Juan Williams said Tuesday that he's still upset about his firing from NPR, and added that NPR does not understand the Fox News culture or audience. In an interview with Baltimore Sun columnist David Zurawik, Williams said he remains ...
GM hiring nuggets: Alderson, Daniels, Ryan, Ricco etc.
We don't yet know if new GM Sandy Alderson (the process is underway of making his hiring official with the commissioner's office and scheduling a news conference for either Friday or Tuesday) will turn the Mets into a championship team, ...
World Series Game 1 Giants roster/lineup <b>news</b> | Extra Baggs
The Giants haven't set their roster for Game 1 of the World Series tomorrow, but I've been able to glean some information on which way Manager Bruce Bochy and.
So, be sure to file this rumor under “just in case,” but IESB – who has been known to have connections at Lucasfilm in the past – is currently reporting that Lucas is “plotting to create” new Star Wars movies which would be released after the six three 3D re-releases and would take place far in the future, not relating to the Skywalkers. More after the jump? You bet we do.
“This is, of course, completely false,” Lucasfilm spokesman Josh Kushins wrote to Wired. “George Lucas has plenty of projects to keep him busy right now — including plenty of Star Wars projects — but there are no new Star Wars feature films planned.”
What are they going to say, though, right? “Damn it. You got us. George Lucas has a whole new pair of trilogies being planned for later this decade.” Let’s be serious. Whether or not this rumor is true or false, Lucasfilm has to deny it.
In the IESB piece, they back up their source by informing readers that they broke the news of Revenge of the Sith’s PG-13 rating, the live action TV show as well as The Clone Wars show. They believe that’s enough to substantiate the rumor.
Specifically, they report that while working on the 3D conversions of the new films, which will begin in 2012 with Star Wars Episode I: The Phantom Menace, Lucas “has gotten the itch.” He has “gotten motivated with the success the Clone Wars animated series, the video games and also with the success of Avatar.”
The sequels, not prequels, would not focus on the Skywalkers, but instead be set in the future. Same universe, but totally different story. By doing this, Lucas doesn’t have to fit pieces into a puzzle like he had to do with the prequels. And he has stated that that process was creatively constricting to him.
So, apparently, his plan is work on all the 3D movies, make several hundred million more dollars, then use that money to make new movies – hopefully releasing the first one within a year or two of the Star Wars Episode VI: Return of the Jedi 3D release would would be in like 2017.
We know. This rumor is crazy. And we only report it as a rumor because it’s such a juicy one and it keeps coming up. But, one time, it’s bound to be true, right?
I can’t wait to read your comments on this one.
BR: Eloquent, insightful, lucid — why on earth would the filter catch this? Its the perfect comment !
markpmc Says:
October 6th, 2010 at 5:24 pm
the title reminds me of the question greg maddux asked a rookie pitcher.
“You trying to throw strikes or get people out?”
Liquidity Trader Says:
October 6th, 2010 at 5:27 pm
ahab,
The comment was from a traders perspective — it went right over your head.
Not only do you impose your politics on a non-political post, you completely misunderstand it. And to magnify your foolishness, you are rude to our host in a way that reveals you to be a much bigger asshole than I previously imagined.
This site is not for people like you — its for serious asset types. Try one of the Austrians sites,or ZH — they don’t care about making money.
mbelardes Says:
October 6th, 2010 at 5:42 pm
After reading through the comments (I rarely see BR this active on the comments, by the way) I’ve come to the conlcusion that some of the commenters are here to learn about macro perspectives and data analysis as a part of money management and some are here to root against the money management sector altogether.
This is why some of the posts where BR criticizes the market and market participants, such as firms and regulators, are so wildly popular and some of the sweet charts and data analysis get MAYBE a few dozen comments.
JasRas Says:
October 6th, 2010 at 6:11 pm
I’m in the makin’ money business, and frankly this isn’t that hard!! Right or wrong, the Fed and other CB’s are doing some version of QE, monetary expansion, etc… My basic view is dollars are worth less and other things are worth more…other things mean stocks, commodities–including precious metals, etc. Things that promise to return your dollars at a latter date in exchange for a predictable cash flow (ie. fixed income) mean you are getting dollars back later at an unknown deflated value. The cash flow paid in no way is compensating you for that lost buying power. Now, you say, there is no inflation! Look at the CPI. Well….if you believe stats compiled by the government, good luck to you because assets that perform well in inflationary environments are doing well. What amount is inflation and what amount is debasement is not for me to figure out or care….
Are we short term over bought? In all probability, yes. Is this market obliging people and “letting them in”? NO! My experience with rallies that “won’t let you in” is that they’ve got a ways to go. With so many institutional types underperforming, you are witnessing a rally most likely driven by career risk. But, again, the why is somewhat irrelevant. Are you going to watch, or are you going to participate? Are you long? Are you long enough?
The interesting thing I see is the TNX is still hitting record low yields on the 10yr… Someone is going to be wrong, and in a big way because these rubberbands only stretch sooooo far. Is it stocks or is it fixed? One could argue that both are overbought right now. Gold too for that matter. Something somewhere is going to take a breather. Which do you want to be wrong on. You want to top-tick fixed income? Gold? Or a stock market that still isn’t up to the April highs? I can tell you which one is easiest to get forgiveness for…equities.
Good luck to all.
davver Says:
October 6th, 2010 at 6:22 pm
Barry,
The essential problem is how one is supposed to own assets they know are overpriced. If you believe equities are overpriced then you are playing a greater fools game. How are you to know when you aren’t the greatest fool?
“BTW, just because you are making money in other sectors, does not mean you CANNOT make money in equities.
Making money in Gold or Bonds (ala my pal David Rosenberg) does not excuse missing a HUGE Equity rally.”
Can’t you say the same thing about every bubble? Shouldn’t I have been flipping houses from 2003-2005. Shouldn’t you have been buying and then selling tech 1998-2000. The truth is you have no clue when a bubble is going to end. You could just as easily have seen the housing bubble or tech bubble end earlier or later then it did. There is no rationality to a bubble. Prices simply get more and more insane until they don’t anymore. They seem just as insane the whole way through. You can’t say you have some magic insight as to pinpoint when the insanity will stop.
Look, I use technical investing and other indicators to try and pick my buy and sell points. But I buy things I think have good fundamentals and I sell them when I think they don’t anymore. The technical stuff just helps me pick specific entry/exit points on things I already feel good about. I don’t run out and buy assets I think are crap because some chart or sentiment indicator or gut feel makes me.
When I was younger I put myself through college playing poker, which I feel is very similar to investing. I was a pretty conservative player. I read up on Sklansky, analyzed my hands logically, and played very mathematically. I was aggressive but didn’t naked bluff often just enough to keep people off balance and steal some pots. I was careful never to get too deep into a hand that was trouble. It was reliable profit.
Some people are successful a very different way. They are extremely hyper aggressive and bluff constantly. They rely almost entirely on reading their opponent with little regard for their own cards. I’m sure that there are many people with a similar talent for trading financial instruments. They have a read on the tape. They can make money that way. However, like poker there are many people who think they can do that and can’t for every one that can. In fact I’d say its less likely in investing, as the sample size on investments is too small and the complexity too great.
If you truly think you have the talent to pick the bottom and top of every single investment trend then congratulations. Me, I’ve got to be more humble. I’ve got to focus on things I understand and have a track record of success with. I’d rather stay away from things I consider dangerous that I don’t understand. So I don’t think its wrong to chase every single bubble. Like Rosenburg I’ve made decent profits in gold and bonds. And I didn’t lose any on the way down for equities, in fact I captured about half of the down leg as a short before covering. Maybe I didn’t quintuple my money, but I’ve done rather well, and with a very low amount of risk in my mind.
DiggidyDan Says:
October 6th, 2010 at 6:22 pm
I’m just glad after liquidating a lot of my positions from the stock market due to not believing the economic recovery was sustainable, I kept my basic core holdings in stocks i still believed in that pay good dividends and have constant demand such as ADM, BDX, BHP, CVX, GSK, JNJ, MMM, SCCO(formerly PCU YEAH COPPER!) and UL. and halved the rest of the stuff between long term TIPS Bond funds (LTPZ and PRRRX) and an emergency fund in 3% yield MM account. Only problem is I had a couple unforseen blowups in BP and BAX due to non market catastrophes that stopped me out and cost me some big coin. I haven’t made much money over the last 3 years, but I haven’t lost any and I have beat the S&P 500.
Only problem is, I lost 60 Large in the housing market and can’t refi at these low rates and took a pay cut.
call me ahab Says:
October 6th, 2010 at 6:23 pm
“This site is not for people like you — its for serious asset types”
laughable (and so full of self importance)- also you may want to consider a career in blog enforcement(as if BR can’t take care of himself)-
also- where are my politics? Where were they mentioned in this thread?
I guess you must have mind melded me from across your keyboard (and my guess is you still got it wrong)
Mark E Hoffer Says:
October 6th, 2010 at 6:26 pm
“Regardless of how the rally concludes, the folks who missed an 85% generational run up in equities will pound their chests and say “See, we told you so!” And they will have made absolutely no money in the process.”–BR, above
BR,
‘Equities’ are the ‘only investment’?
why not run some DOW/Gold, or DOW/Silver, Charts to go with that?
as Boockvar, rightly, was pointing out, recently, the SPX/CRBRIND, after the “strongest one-month Equity Rally since ’39″, is nearly 1 ..
Hey, you’re better than that…
call me ahab Says:
October 6th, 2010 at 6:30 pm
I ask:
“what happens if the Fed doesn’t or is unable to oblige?”
BR replies:
“Then you sell.”
I was looking for something more thorough (in a macro sense)- but I like this answer just on brevity alone
gman Says:
October 6th, 2010 at 6:59 pm
Venn,
I may use that rant in the near future…maybe at my firm…to the only person who is a “tea-party fellow traveler”…who also just happens to be the only trader of the 9 we have who is struggling!
Well put!
Andy T Says:
October 6th, 2010 at 7:03 pm
Boo-Yah Barry!
GYSC Says:
October 6th, 2010 at 7:10 pm
Barry,
I appreciate you taking the time to post this and answer all the comments. I think I see better know how you look at things.
Andy T Says:
October 6th, 2010 at 7:17 pm
It’s actually a good post BR. It does come across a little bit like “chest-thumping,” but sometimes the black and white pixels come across in a different way than the voice/tone in the head. We’ve all come across the wrong way in the written word.
With that said, I think the S&P will trade below 900 before 12/31/2011. I’d take some friendly side-action on that proposition bet.
rootless Says:
October 6th, 2010 at 7:21 pm
Barry,
We made money from March 09 til April 2010. Since then, we have mostly avoided losing money. Its been a good strategy.
Well, good. I haven’t been doing so well for recent months. But it wasn’t my fault. My trading program did it.
However, as of today, S&P500 is down only 4.7% from the peak in April. So my criticism stands. You say your approach is right, because you have made money since March 09, based on the performance mostly during the price run up. You say yourself the secular bear market has still to find its bottom. Right? And you think the market is overvalued based on metrics like CAPE? Then, I have to agree with some other commenter here, that you are playing the greater fool game. And, in addition to that, you ridicule the ones who are grumpy about it and don’t want to play along and have therefore “missed a 85% generational run up”. You basically say that everyone who participates in this game could have made huge profits. But this logic is flawed. A greater fool game can’t work and won’t have worked for everyone who has participated, after everything is said and done. It only works for some, the ones who are the first ones at the exits, you may belong to those, but it doesn’t work for many. It works for some because it doesn’t work for many. The gains for the ones are the losses for the other ones. The outcome this time won’t be different to the final outcome of the stock market and real estate bubble earlier this decade with misery for many. And the judgment over any investment approach will be spoken when the market cycle has come to its full closure, not based on the performance from the market lows in March 2009 to today.
Your at least implicit advice that one should do it like you have done it, if one wants to make big gains in the stock market, is actually very bad advice, even if it has worked for you.
Juan Williams: Fox <b>News</b> Lets 'Black Guy With A Hispanic Name' Host <b>...</b>
Juan Williams said Tuesday that he's still upset about his firing from NPR, and added that NPR does not understand the Fox News culture or audience. In an interview with Baltimore Sun columnist David Zurawik, Williams said he remains ...
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World Series Game 1 Giants roster/lineup <b>news</b> | Extra Baggs
The Giants haven't set their roster for Game 1 of the World Series tomorrow, but I've been able to glean some information on which way Manager Bruce Bochy and.
Juan Williams: Fox <b>News</b> Lets 'Black Guy With A Hispanic Name' Host <b>...</b>
Juan Williams said Tuesday that he's still upset about his firing from NPR, and added that NPR does not understand the Fox News culture or audience. In an interview with Baltimore Sun columnist David Zurawik, Williams said he remains ...
GM hiring nuggets: Alderson, Daniels, Ryan, Ricco etc.
We don't yet know if new GM Sandy Alderson (the process is underway of making his hiring official with the commissioner's office and scheduling a news conference for either Friday or Tuesday) will turn the Mets into a championship team, ...
World Series Game 1 Giants roster/lineup <b>news</b> | Extra Baggs
The Giants haven't set their roster for Game 1 of the World Series tomorrow, but I've been able to glean some information on which way Manager Bruce Bochy and.