Thursday, June 7, 2007

$10 Words

I don't know the origin of that term, but I think I learned it as a boy in smalltown Ohio so it might just be an old idiom. Anyway, I've been trying to learn the meaning of many $10 words for about 35 years. I started writing them on index cards with their definition & a sentence sometimes & sometimes where I first saw it. I still have those 4" x 6" cards and my handwriting has definitely deteriorated. The card file is a lot larger now as I've added to it over the years. I fill out a new card whenever I come across a word in reading that I don't know precisely.

[stick with me, I'll get to the stock market by the end ;-) ]

So what is a $10 word? I could say it's a "big" word that's uncommon in ordinary speech and writing. Or I could say it's a "sesqipedalian" word that's inordinary in common speech & writing [ ;-) ]. Both are wrong in my usage of $10 word. For example, I've run across "bon mot" a couple times recently. That means "a witty saying" and is a French term now used in English. I also recently added the "whence, hence, thence" trio to my file. And "golly, gosh, and gee". Those are all common terms whose meaning I "sort of" knew, but not precisely.

Here: "golly" - "used to express mild surprise or wonder".
And: "gosh" - "used to express mild surprise or delight".
And: "gee" - "used as a mild expletive or exclamation of surprise"

I use "gee whiz" quite a bit more now as I'm trying to use fewer four-letter words under request from Mrs. B :-( These three words are very useful alternatives to many old Anglo-Saxon vulgar terms. [btw, just using "bleep" works, too.]

So how do you remember the difference between "golly" and "gosh" ???

Those my age might remember country bumpkin TV character Gomer Pyle saying "gawawawawawlllllllllllyyy Sgt. Carter" when he learned something new from the more sophisticated Sgt. Carter. So that's the "wonder" part. Now you've got "golly" pinned down. Lolol, gosh is the other one - implies some "delight" with the surprise.

So where am I going with this?

I'm giving you background on why I use words like "eisegesis" that means "an interpretation, esp. of Scripture, that expresses the interpreter's own ideas, bias, or the like, rather than the meaning of the text." The person engaging in eisegesis might be an eisegete or eisegetist or eisegetor; I'm not sure - that word is more like a $1,000 word since it's not in my dictionaries. President / General U. S. Grant used in in his memories, though.

Yesterday's the babble on Bubblevison was pure EISEGESIS regarding Fed policy and the prospects for interest rates. The Fed is not going to raise interest rates in any relevant time horizon. The Fed might CUT rates one or two ticks [0.25% = one tick] IIFF the trend in core PCE inflation continues downward. That would produce a normal yield curve. Notice the bears screech "recession" when long rates go down & produce an inverted yield curve and obversely screech "higher rates" if long rates go up & remove the inversion. Both are bearish interpretations created by their "bias" and "bearish agenda"]. Those dirty eisegetes !!!

What we need is "exegesis". I was reminded of that $10 word by a very literate reader a few days ago. It's in my cardfile, but I forgot it :-( "Exegesis" means "an explanation or critical interpretation of a text". The person engaging in exegesis would be exegetist/exegete/exegetor, I'm not sure which one is best usage. There's no bias or agenda or own ideas from the exegetist; all bias for the eisegetist.

So a new epithet I really love is, "that dirty eisegete !!"

Doesn't that sound positively filthy ? ;-)

51 comments:

Bud said...

Sheesh Bunkerman .......what are you talkin about? Here's a $2 word for you. Huh?

Bud said...

I basically agree with you on interest rates. Housing is in trouble and a rise in rates would further pressure that very important part of the economy. However for short term traders ( aka 'fake' or 'virtual' ) even the threat of rising rates can produce tremendous volatility in prices and hence money-making opportunities. Since you trade of weekly ( and monthly) charts, this is just noise for you. You can play with your dogs or plant tomatoes during these beefer induced swings.

Bud said...

So basically then an 'exegetist' is a fictional person like santa claus or the tooth fairy. Humans have emotions which create biases. Only a machine can be an exegetist.

Bunkerman said...

lol.
"Huh" is a $0.02 word ;-)
I did get to stocks at the end. :-)

I'm trying to dialectically examine thinking and speech of market paticipants. ;-)

And operate a didactic blog ;-)

Perhaps I'm just goofing off ;-)

Bunkerman said...

No doubt supertraders can make money on these beefer spasms. I hope all do.

Bunkerman said...

Well, I don't think exegetists need be fictional. Some humans do control their bias and examine things logically.

But a perma-bear exegetist is an oxymoron. ;-)

Bud said...

Hey Mern. Rush gonna be in tampa 6/16.I would go to that show. They at the state fair though....with the cows and the rednecks.

Bunkerman said...

I guess a logical creationist is an oxymoron, too.

A person would have to be an axiomatic creationist.

Anyway, although I'm very bullish now, some might remember that last May I was very bearish. So I try to be logical & practice exegesis, not eisegesis.

Bunkerman said...

Is Rush still a blimp? If so, he'd better not go to the hog barn.

Bud said...

Roflmao Bunkerman...........not Limbaugh.......didn't you listen to any rock during your college years?

Bunkerman said...

Uh oh. Earth to Bunkerman. :-(

Bunkerman said...

When I went to college, Led Zeppelin was big. I saw a Pink Floyd concert, too. And David Bowie. I wasn't a total tool.

Bud said...

Good taste Bunkerman. They just don't make British rockers like they used to. Zeppelin my favorite band of all time. I never saw them live but man did they rock!!!

Bunkerman said...

To clarify, I became bearish in May 2006 after the Ben-Maria affair. Then bullish after the June 2006 Fed meeting and wildly bullish as late summer good inflation data came in. Then late Feb 2007 I turned mildly bearish when the CPI data was bad. And then turned bullish again in March when the charts looked better and the debt meltdown risk passed.

I don't see this move as anything but recession mongers capitulating, causing T rates to move to a sustainble level of 5% over a three week period. And then a 2.5 day [so far] beefer stock spasm when T rates actually got to 5%. By the way, in commodities, 2.5 to 3 days is a common length of time for a beefer liquidation spasm.

Bunkerman said...

See, Bud. My taste in rock was ratified by an authority. ;-)

Bud said...

Cool. You 'proved' my earlier post on 'exegetist'. You are an eisegist ( or however you spell it...i'm tired of scrolling up.)

PS. Btw bunkerman.......please shoot me with 1 of your pistols if I ever start talkin using these words.

Bunkerman said...

Hmmm. Bud, I guess you didn't listen to William F. Buckley's TV show as a young man. I always admired his eloquence.

Bunkerman said...

Not so, Bud. Since rates were at 5% last summer & I was a bull, it's perfectly logical that I'm a bull when they approach 5% again. This is logic, not bias. IIFF inflation news turns bad, I'll re-consider my position.

Disinflation and moderate growth is an extremely bullish environment for stocks.

I am an exegete. ;-)

mern said...

10 $ words, talk about inflation last i heard "exegetist" was a 50 cent word. i agree, now the curve is flat, thats gotta be better for the banks, ie the economy. the idiots with the out of control arms were headed for dirt nap anyway.

ive seen rush before, they r a great band, but its the same show, same tunes, no room for improve. neil pert, probably one of the top 5 drummers ever.

lets see, ive got bonham first, the moon, probably pert, carter buford from dave mathews (who im going to see early august). the rhythm devils have all of em beat but there were 2 of em.

zep was the best from 68-72ish (after 72 plants voice went to poop). im surprised pearl jams Eddie vedders voice still sounds so raw. hes clearly taken better care of his voice. i read an article that says he doesnt speak much and drinks organic based teas all day. one of the more entertaing books i ever read, was it called "the yr of the shark" or that mite have just been the best chapter. i think so, the book mite have been "the song remains the same" the led zeppelin story. at their peak, i think the deposit for them to stay anywhere was like a couple grand.

i remember in 1997 we rented a limo to take us out drinking the nite before thanksgiving. after a few hours the limo driver said, "my u boys r pretty routy, and i driven limos for every major rock and roll band over the last 20 yrs"

well that peaked our interest. "so who was the craziest, we asked" without a second thought. ill tell in 1987, i had to pull over on i-95 and tell those freaks from the grateful dead to chill out" LOL LOL. they were pushing 40 by then, god knows what they were doing. ROFL

Kobi Alexader, OMG, hes never gonna get extradited. i seriously just cant believe this story as it unfolds

mern said...

zep was paying like 200k before they wud be allowed into almost any hotel. they wud trash the entire floor they stayed on. the yr of the shark chapter, some believe some say its a myth. the story is pretty crazy, but id bet it did happen. the hardest part to believe, actually, is the caught the land shark from the balcony. if that happened, then the rest of the story kinda writes itself.

;-)

Bunkerman said...

Hmmm. Inflation. We bought some skinned chicken breast for our sick dog, Krytpo, yesterday afternoon - paid about $4/lb. I reemmber paying about the same amount in the late 1970s for the same cut of chicken.

No inflation there.

Bud said...

Rofl......william f buckley. He calls himself a libertarian. No way! He is a hard core ultra right winger. Once again I'd rather take a bullet to the head than listen to ( or read) him.

Bunkerman said...

But I remember hamburger cost about $0.35 per pound in the 1960s. Lots of inflation there.

My first TV in college was a $99 portable B&W with a 10 inch screen in the early 1970s.

A base of Blatz or Blue Ribbon cost $4 then.

Bunkerman said...

Buckley is no libertarian, that's for sure.

Bunkerman said...

Hehehe. I knew the value of $1 as a young man. $1 = a sixpack of beer then. ;-)

Bud said...

Lmao...blue ribbon. That's what coal miners drink. Yuck!

PS. I'm not disparaging coal miners....it's just not my taste. I believe coal miners are solid democrats. Hillary gonna need their votes in PA, OH , WV .

mern said...

chix used to be 3.50 a lb when i first moved here in 94 now its 4 to 4.50. red meat, i dont know, really dont eat it often.

consumer durable goods r in a deflationary trend for sure. its just the stuff we need every month that goes up in price. gasoline, food, electricity, and even VZ is raising prices. i did get a small cut in my auto insurance. 1500 for the two cars this yr vs about 1600 last yr.

10 yrs without even a ticket here. last ticket was a DUI, and that was more than enuff bs. but it still drives me batty, like last nite coming home from soccer. two laned road, limit 45 mph, 2 cars riding side by side at 40 mph. no one down here understands what it means when u flash your headlites. "move over idiot, this is the da passing lane" the pigs have tolerance to 52, so y not cruise control at 52 in the left lane?

Bunkerman said...

We drank thecheapest possible beer then, Bud. Blatz, Blue Ribbon, Shaeffer, Genesee ... what was cheap.

mern said...

my grandfather was a coal miner in scranton pa, what a shit hole! he died young. apparently smoking no filtered cigarettes in a coal mine 10 hours a day, wasnt real healthy.

Bud said...

You are right Bunkerman. I used to eat real crap when I was poor.....Hardees and Arby's. That was nasty. Actually I meant 'very poor'....I'm still poor.

PS. Speakin of beer.........TAP looks like a short. I have a little may press a bit today. CMG/BWLD look set to rollover too.

mern said...

college beer and wines. milwaukees beast, boones and mad dog. we loved the keg place near school. u cud literally buy 1 keg, and get 4 for free. they had no idea what they were doing until our junior yr, we just ripped them off so many times it wasnt funny. i remember this one time, at band camp, we ordered 2 and came away with 10. my friend just had them load one keg after another, and he was in a total blackout already, i dont even think he was being audible, just point his fingers to keep the kegs coming. that turned into one helluva a party.

we were gonna have a small frat party, on a saturday morn that turned into all day raging orgy. y or y did i graduate in 4 yrs?

Bunkerman said...

You've got all those Q-tips driving down there, Mern. 90 year olds with no eyes or reflexes.

Bunkerman said...

There are no "poor" golfers, Bud.

mern said...

TLT gappah

mern said...

national geofraphic quote on global warming. "Greenland alone could push up sea level by three feet or so over the next century, if greenhouse warming doesnt let up"

from reading this, to me, the layman, its seems like sure the world is warming up a lot. but y? still seems more like a natural occurence with a few percentage pts going to us primates.

USO almost has that inverse H&S pattern, plus it sorta took out a downtrend from last july. just looking around

Bunkerman said...

There is no significant "greenhouse" warming. Even the temperature data prove that most of the warming" came before 1940, before even the fanatics say man could have caused it.

It's all natural. That reminds me, I was working on a post on that subject. Maybe tomorrow.

Bunkerman said...

If my August Lean Hogs don't get back over the 9 dma today, I will "ke belakang pusing" before the close.

"ke belakang pusing" is Singapore Army slang for "About face, march"

Here's a humorous example from Singapore for how to remember it: "When the girl the soldier was dating wanted to get married, he "ke belakang pusing" immediately.

Another good one from Singapore is "merlion" = "spew"
Usage: "after drinking a quart of vodka, he merlioned"

mern said...

was tempted to short yesterday, very tempted now. so ill walk away, if they take out 1500, 1480 looks probable.

at practice last nite i overheard a guy say he is making gud money trading, at work. i chatted with him. hes on butter, doesnt really know what hes doing, and loves cramer. probably not as many out there as 2000, but they r coming back.

dip buyers shud hold 1500, no?

Bunkerman said...

My thinking is always that any "logical" support level gets taken out intraday by beefers trying to run stops. 1510 looks like support to me. But I think this is more about time than price.

Also, remember that next week is a quadruple witching week. Could be wild. Then the June Fed meeting chatter will dominate.

Bud said...

Roflmao........'no greenhouse warming'. Even our clueless president finally admitted G8 needs to work on climate change. Bunkerman should change his name to Ostrichman.

Bunkerman said...

So 1510 did get taken out, intraday at least.

Santelli on Bubblevision was just talking about mortgage hedging & dehedging. That can really move the Treasury markets since mortgage holding are HUGE. I suggest not overinterpreting daily or even weekly swings in the UST market. Those can be dominated by beefers [there are lots of debt beefers] and mortgage hedging. The "real" players in those markets take a much longer term view.

Bunkerman said...

I meant, specifically, no significant man-made greenhouse warming. It's almost all a natural phenomena that would be occuring without man. As it did around 1000 AD and other times.

Bunkerman said...

Grains are very strong. There's gotta be a new hot, dry pattern forecast out there. I've been playing for this awhile. Hold all my long contracts in corn & wheat.

mern said...

been gardening here, its hotter than a two peckered goat.

ya i wud agree most greenhouse gases r cow farts and from me.

lotta cows out there bud, and if u ever watched one take a dump it doesnt sound, smell or taste gud. especially if u r tripping at the time. ;-)

FNM is so forced to chase this move in the long end and they definitely make it worse in the short term, either way. one of the problems with having such a big "hedge fund" out there.

mern said...

cud get some real panic below 83 on the TLT. maybe 1475. i mite buy there, this run wont die without a bounce at the 50 day, one wud think

mern said...

wow below 1500 no problem. well im headed to the bar for 36 holes of video golf, some beer, then a 90 minutes massage. i like being unemployed. LOL

all of mays gains gone in 3 days. im really missing this trading bs, a lot. NOT!

Bud said...

Lol mern.....that smells (sounds) like no fun.

Bud said...

TLT death spiral.

Bunkerman said...

I wonder where a light side play might make sense?

I suppose the 50 DMA around 1490 cash. Maybe tomorrow AM. Thinking.............

I have a ton of buying power in the futures account.

Bunkerman said...

Went long some S&P Sept. eminis. It's at that contracts 31.8% Fibonacci retracement level.

Not full postion. I might add later.

Bunkerman said...

I got mine at 1511.75 Sept emini. Cash is about 1495.