Since I'll be on vacation in Scotland until September 19, I'll miss all the buildup and hype to Tuesday's Fed meeting. Shucks. So I have some general thoughts.
The markets have been in the "stomping elephants" phase for a few weeks - all those beefers are swinging big bets around trying to find the new trend as the old waterhole dried up. Economies are built on the decisions of billions of people worldwide - they tend to continue to do the same things unless shocked into rethinking. So I think the world economy will do fine and continue to grow unless new, hard shocks occur.
And with the increased economic freedom of billions as the old socialist regimes died or are dying, free people will work to improve their lives. That means solid economic growth. China, India, some South America nations and Eastern Europe are the growth engines for the world.
So barring the Fed fools or the ECB or other government dopes, like Congress, messing the world up, Ms Market should be very kind to us over time and treat us very well.
It's still a bull market.
PS: Next vacation I'll try to get a guest blogger. I just didn't think about it in time.
PPS: Babblevision has that dope, Peter Beutel, on - sheesh - he's been talking that oil is going to $30 since it was $50. What a fool! Or knave?
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26 comments:
Frosty looks like nat gas trying to break its downtrend....
MLF...are you really dennis gartaman?
just went 4-1 darkside...ops fake and bake...roll to the top step...go big or go home.
just talking to myself and MLF
MLF where are you? we should be hammering this move...how much gold can we buy, let's take some sugar and get dark.
sorry frosty i was just counting my gold and silver bars that are being stored in my basement...ya she looks tired up here...the ole sell the news to the monkeys at the Fed should probably play out...but lots of nonbelievers in the yellow metal...take some sugar but dont get silly ont he darkside...better looks on the darkside out there me thinks...
hear ya'....using those double juice incdex products mainly...shorting the GLD to hedge my long metal stocks like GSS...SLV looks like a better out right darksider than GLD at the moment.
rumor floating around that Bunkerman was handily defeated in a knife fight outside Glasgow...no serious injuries luckily...
MLF...car 54 where are you...you at the biker bar with Spin and Bud? think I'll join you....taking some darksider sugar to raise cash...we need some dry powder going into super tuesday.
Bud where is the list?
Bud the juice and vick...the longest yard indeed.
Bud, I was gonna go with a joke about the gmen...but that would just be mean.
prolly would make a funny movie
OJ and Vick are two down-on-their-luck men trying to break into show business. To get the bills paid, they dress up as two woodpeckers for a local bank, where they perform a song-and-dance routine as part of a promotion for the bank. Little do they realize that two men are watching them...and also planning the perfect crime.
The men wait until OJ and Vick remove their costumes to take a break. They steal the costumes and perform the routine under the pretense of being OJ and Vick. They then use the ruse to rob the bank. OJ and Vick are immediately arrested upon their return and whisked through a speedy trial that lands them a 125-year jail sentence, which would make them eligible for parole in 30 years.
As the film progresses, OJ is selected to compete in the prison's annual rodeo competition, after the warden sees his prowess on a mechanical bull in his office. After OJ politely refuses the warden's request to participate, the warden locks him and Vick in with Grossberger, a convicted mass murderer of incredible size and strength who refuses to speak and is feared by the inmates and guards alike. Thinking that Grossberger has beaten the pair to a pulp or worse the following morning, the guards are taken aback when they see the trio playing cards in their cell. Grossberger breaks his silence one time soon after this scene, when he sings " Birmingham Jail" during an awkward moment.
OJ and Vick decide to use the rodeo as an opportunity to plan their escape, with Grossberger's help. The ruse works, but after their escape, they learn that the police have captured the real crooks, who have confessed to the bank robbery that wrongly convicted them.
Spin-em...filling in the gap...text book...LMAO...jive walken' a gut buster, perhaps the best couple minutes of film ever.
Down in the valley
Valley so low
Late in the evenin'
Hear the train blow
Hear the train blow, love
Hear the train blow
Late in the evenin'
Hear the train blow
Write me a letter
Send it by mail
Send it in care of
Birmingham Jail
Birmingham Jail, love
Birmingham Jail
Send it in care of
Birmingham Jail
Roses love sunshine
Violets love dew
Angel in Heaven
Know I love you
Know I love you-ou
Know I love you-ou, ou-ou, ou-ou-ou-ou
Angels in Heaven
Know I love you
Down in the valley
The valley so low
Late in the evenin'
Hear the train blow
Hear the train blow, love
Hear the train blow
Late in the evenin'
Hear the train blow
Grossberger(mfl) can sing
MLF....Spinny giving the train signa for the GLD...sorry about mentioning the darkside...knowing you have the corner I shouldn't have pissed you off...hedge the hunt's, get the horn.
lmaoooo....seems like "beefers" are going to come in and whack the metal when benny only cuts 25 bps...spinny is turning into dr doom....wants to short everything...all he talks about is the collapse of housing....tread lightly men...
birds just as bad as the gmen...seahawks not much better..
First Cramer slappin the Hawks..now mfl(mfl prolly drunk).....
Bud must be on the lamb...his book went 10-2 with our pal's nose open my guess...took a big dump week two and may be swimming with the fishes.
Bunkerman....happy now....50-50....dow 36000.
upside trading curbs to save the common man.
oh man...Bunkerman....the USA will just keep printing money....where does it end sir?
inflation is the real killer of the common man....save the GS bonus babies, kill joe six pack....you should feel great shame Bunkerman.
woe to the weak...hitler
"we believe free market capitalism is the best path to prosperity”.
Bud "nuthin gets traders more horny than a rate cut "
what the.........
BUY BUY BUY
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