Maybe today will be dull. I've had enough bullriding for awhile.
Oil is up $1 to $77. Brent is about on par with WTI.
AAPL report sounded good. Long AAPL in the Alpha Fund.
I think I'll add to my BAC position today. I like it a lot.
Not much news.
Sheesh. Now my new Vista computer is having trouble. This is the third problem I've had with Dell computers in a month. I'm really wondering if they are using shoddy components. Arghhhhh!
PS: I added money to my Alpha Fund and bought more BAC and a little MS, C, and JPM. I'm about 40% of my planned big position in the big cap financials. I might add more at the close, Friday or Monday. If not then, I'll wait a few weeks.
PPS: I checked my Blue Book of 12-year charts with earnings. I think these big cap fins [aka financials] are very undervalued vs. their long term earnings trends; even more considering interest rates are so low. I'll try to get 50% of my position in soon.
P^3S: Got my 50% position in financials for the Alpha Fund [BAC biggest, then C, JPM, MS]. Will wait awhile for the rest - time matters. I'll check the Krypto Fund early AM to see if I need to re-allocate some bonds to US stocks.
Hmmm. Spoos gettin pounded this morning. I wonder why. They were up last nite when i went to bed on AAPL euphoria.
ReplyDeleteWhy do you have so many computer problems? I hate to say that cuz that surely will 'jinx' me. I uses windows xp-professional and i'm pretty sure we uses the same 'type' of programs.
ReplyDeleteSpoos now gettin tattooed. Down 16.
ReplyDeleteFront page newyorktimes article today on Bush administration overhauling care of wounded GI's. What a joke Bush and Cheney are. 4 years into a war and 7 years after bein in office ....now they realize GI's need better care. Didn't Cheney say during 2000 campaign..'help is on the way'. Dick Cheney is a lowlife punk. I hold street pimps in higher regard.
ReplyDeleteMy paper trade record in tact. AAPL opened and traded down to 130.
ReplyDeleteWake up frosty. I need stox to buy.......i think this gap down can be bought.
ReplyDeleteBman, vista is the jinx.
ReplyDeleteSheesh Two hours on Dell support. THey seem to have fixdd it. Suspect: a windows update grrrr.
ReplyDeleteDunno Bud. I never had any problems for years and am running the same programs I always did.
ReplyDeleteThe other problems are on XP. I got boot.ini erros adn kernel_stack_input_errors. Two separate computers.
ReplyDeleteI never change anything. Wierd.
Hey, was there hidden meaning in that "strapped" comment yesterday. Frosty hinted it, them mern says something about me liking guys in an email?
ReplyDeleteAre you taking advantage of my naivety?
Hmmm I re-read the one about Mrs. B being "strapped". Maybe that's it. I can imagine what a sick mind might think.
ReplyDeleteB'man. When I mentioned 'strapped'....i only meant that 'mrs B was goin to bed with a loaded revolver'. No hidden or alternate usage. Frosty is a disgusting pig. His mind is in the gutter. Don't listen to him. And mern's mind? ....well....lmaoooooooooo
ReplyDeletePS. The hidden meaning has nuthin to do with you likin guys. Sheeesh frosty....look what you started now. You really are repulsive.
Exactly B'man. Frosty is sick and dirty and repugnant.
ReplyDeleteHmmm Looks like Frosty's gap to be filled.
ReplyDeleteIs FTEK beginnng a death spiral? downgrade today.
ReplyDeleteI wonder if this selling is Euro-beefers getting liquidated?
ReplyDeleteThat's part of it B. Cashin just said hedge funds are in 'lockdown' mode. You can't get your money out. When that happens.....you sell what you can.
ReplyDeleteI wonder it I should put more money into my Alpha Fund. Hmmm. Thinking. Maybe I'll get some financials really cheap.
ReplyDeleteHeck, I can get a huge dividend on BAC. More than I make in interest in my bank account and it's tax rate is less.
This week is symptomatic of too much money in hedge funds chasing returns. They fail to get it & then try harder to force it creating lots of churn & turmoil. And when they fail, heck, it's not their money anyway.
ReplyDeleteRofl....'not their money anyway'. Ridiculous. If they lose their clients money...they will be out of work and start a career as a bartender or bus driver.
ReplyDeleteLynch mob ready and waiting in Richmond today.
ReplyDeleteIndeed maverick. They gonna be in their white robes and hoods too. Fuckin racist scumbags.
ReplyDeletethis is Bunkerman's fault...refused to hand out the dow 14000 caps....I want a refund, this blog is a rip off.
ReplyDeleteCMI...who ever shorted it off my post...send me your address and I will forward your refund.
ReplyDeleteI probably caused it with two things: (a) the S&P futures re-mount, and (b) posting that 51% YTD gain the the Alpha Fund. For were bad karma. :-((
ReplyDeleteFrosty I did short CMI but made it back long. I think I still qualify for the refund. Send to
ReplyDeleteKKK
123 west main st.
Richmond,VA
Rofl maverick. I knew it!! Vindicated again.
ReplyDeleteNo bad karma B'man. I think you are grossly underestimating the credit problems related to subprimes.
ReplyDeleteLol 'sorry'. Shut up frosty. No need to apologize. We are all big boys here....now that mern left. lmaoooooooooooooo
ReplyDeleteI think this is just underperforming beefers panicking. We're back a the drying water hole and the elephants are stomping around.
ReplyDeleteUnemployment claims were pretty low this AM.
My gun dealer did say sales were slow, though.
CNBC just hit the nail on the head....it is the Dem's fault...tax tax tax....this is the hildog decline.
ReplyDeletetrading curbs....what a bunch of crap.
ReplyDeleteCNBC = Babble-vision today. Phooey!
ReplyDeleteI think I now know who's at fault for the crap tape...it is Spinny's fault...this started as soon as he turned me on to john from cinn....."The end is near"
ReplyDeleteHey Frosty, have they filled your gap yet?
ReplyDeleteBeefers who like to play in the Rut are really sucking wind now. Year's gains almost gone.
ReplyDelete"Mission accomplished" W
ReplyDeleteI put more money in my Alpha Fund. Bought more BAC, some C some JPM, some MS. Might buy more at close or Friday or Monday.
ReplyDeleteUh B'man. Beefers, vrtual, real etc..... everyone who's long is down today. Market doesn't differentiate between them.
ReplyDeleteI know, Bud. But I think it helps one understand the market by understanding the major players and what might be happening to them.
ReplyDeleteJon from cinci. That's a good show frosty.
ReplyDeleteBman.. C has employed a full staff of pearl divers and they are earning their wages today.
ReplyDeleteAnyone have good big-cap fins, other than GS?
ReplyDeleteMF BX FIG
ReplyDeleteGood news. Some 'rich and powerful' friends of mine invited a poor simple common man like me to play golf. Had a real good day, gettin outta here.
ReplyDeleteBush sucks.
Cheney sucks.
die GOP die!!
democrats rock!
long live hillary.
PS. Frosty voted for W and cheney.....twice!...huh?....How can you live with yourself?
"t is Spinny's fault...this started as soon as he turned me on to john from cinn"
ReplyDeletenot me....Zippy told me to tell ya.....eek..eek
Mission accomplished...lmao
Bud..Way to throw frosty under the bus....rofl
Oh Bud. there are no poor golfers. that's an oxymoron.
ReplyDeletetrading curbs suck....this decline would be over already and we would be putting in a panic low, the weak and stupid would dead...so we grind and bleed...instead of looking for a bottom we would have one... #*@%^$ curbs
ReplyDeleteuh Frosty, there weren't curbs in 1987. The bottom never got hit that Monday. Limits help in commodity markets - give people a breather to re-think. Stocks are just a commodity style market now anyway without the uptick rule.
ReplyDeleteMargin calls at 2PM today, I guess.
ReplyDeleteI wonder if we get a record Dow point drop today? I know the points aren't the same as 1987, but that would be a huge headline.
ReplyDeleteLooks like the Rut is now negative for the year.
ReplyDeleteDIE market DIE....in memory of Mern
ReplyDeletedow looking for daily -500 and comp -100 release those curbs!!!
ReplyDeletepicked the wrong day to stop drinking.
ReplyDeleteBlack Monday 1987 - I remember it well - DJIA was down 508 pts.
ReplyDeleteQuiet Day? yet another reason this is all Bunkerman's fault.
ReplyDeletewell Kenny Hebner likes your BAC
ReplyDeleteBman
as soon as mern leaves the bear begins...he was more bearish than david tice
ReplyDeleteanyone have the ticker for WU Tang Financial? think I want to dip my toes into the fins.
ReplyDeleteMern predicted a crash after he stopped trading.
ReplyDeleteWell, it was quiet when I wrote that around 5AM. I couldn't figure out what the write. Nothing was happening.
ReplyDeleteHmmm I know I'm paranoid, but is it an accident this happens soon after the uptick rule is dropped? Nahhh ... couldn't be anything but a coincidence. roflmao.
ReplyDeleteDon't Worry, Be Happy!
ReplyDeleteThe World is Fine.
Peace on Earth ;-)
you boys watch your selfs the next few days and play smart....Bunkerman, I changed my mind, forget my refund.
ReplyDeletethats the spirit Bunkerman
ReplyDeleteLet the Rocks flow freely Frostman..enjoy your time off... you deserve it
ReplyDeleteA great opportunity in SWC, which had been battered down 25% in 4 days by a desperate concentrated short who is unable to unwind its huge short position. Expect some great resersal tomorrow because this is one absolutely oversold stock with very bullish fundamentals.
ReplyDeleteI have done my research and explained everything about this concentrated short. Follow my link and do your own DD.
This is a rare opportunity you do NOT want to miss tomorrow. At least 10% profit in one day!!!