Monday, October 1, 2007

Monday Morning Rambles

The fourth quarter commences. Many beefers are hurting, underperforming. So they need a really good quarter to save their jobs and fat fees.

UBS reported a $3.4 billion writedown and fired its CEO. Mortgage losses. Perhaps this was one of the European problems that was causing the LIBOR problems.

Futures are up for now. The charts are fine as the market consolidates and creates bullish continuation patterns.

As usual Congress can't do its job on time. All they do is try to get earmarks now - payoffs for supporters. What a bribe mill ! Despicable.

I'll post numbers for the end of the quarter later. I'm a bit behind from all the sheep herding and dog agility events. Krypto did very well, collecting many first place ribbons and the more important green "qualified" ribbons. Both Krypto & Sky showed much ability on the sheep. I think we'll give then sheep herding lessons twice a week now.

PS: C warns for Q3 earnings, writedowns; says back to normal in Q4.

PPS: Year to date, Krypto Fund +9.2%, Alpha Fund +55.3%.

44 comments:

mfl59 said...

Meet the mets, greet the mets....it's time to beat the mets!

Bunkerman said...

Haynes is a mets fan, isn't he? Maybe he'll be wearing a bag on his head !

Bud said...

What a disaster at shea. A slow death. It hurts.

Bud said...

Willie shouldn't be fired. Players really let him down.

Bud said...

The good news is baseball playoffs begin today. I'm really lookin forward to rockies/padres tonite. Rockies and phillies really stepped it up last 2 weeks.

Bud said...

die yankees die !!!!!!!!!!!

maverick said...

I guess mern was wrong on "Phillies sux"

Bud said...

lmaoooooooo sheep herding


PS.......frosty luvs them sheep.....he thinks they're purty

Bud said...

2 reasons why sea-pigeons won yesterday......trent dilfer. What a dirty team they are.

Bud said...

Rofl C 'back to normal'


what the heck does that mean?


lmaooooooooooooooooooooooooo

Frosty said...

Bub....football 2-5, stick around friday for rest of comments on the games you picked and you go 5 for 7...all I can do, like Bunkerman, is teach...no one can force you to learn...sad indeed.

Bunkerman said...

Year to date, Krypto Fund +9.2%, Alpha Fund +55.3%.

Frosty said...

Bunkerman....where are those dow 14k hats for the bunker team...plus posting those great performance numbers may be more than the trading god's can handle.

Bud said...

shut up frosty

mfl59 said...

anyone have a Rutgers score from Saturday? thanks...LOL

maverick said...

Clemson ready for their road trip to Atlanta. Bus loads in 10 minutes.

maverick said...

Frostman...you have an etd for the turn in this market?

Bunkerman said...

Frosty, it's just a end of quarter posting - ho hubris involved.

I think Dow 15000 might deserve a hat. Or S&P 1700 by year end ;-)))

Frosty said...

Maverick..I now nothing...nothing...I know nothing.

Frosty said...

XFML...1234ish..looks like it wants to give it a go again.... all china all the time...spinny gappa filled friday on light V, picking up the juice today.

Spin-em said...

mfl you bet against our g-men?..I mean...why did they win???...re Mets Rut

Frosty said...

Bunkerman...beefer rotaional paint into the fins indeed...the common man has no chance...index gains an even 100bps...the shame of it all.

Bunkerman said...

true frosty. The beefers whip & drive the common man through hoops and clean him out.

Bunkerman said...

that is, the common man who doesn't read this blog & learn about beefer antics. ;-)))

Bud said...

There is no comman man who reads this blog. And there is also none who posts on it. Guys in our profession are totally isolated from the concerns of the common man.
'i like to work with muy hands'

lmaoooooooooooooooooo

Frosty said...

$ndx....the further we get away form the gappa the more painful it will be...bulls best fill it up before they move on...or this could be the mother of all moves and the gap is never filled...first time for everything I guess.

Bud said...

Frosty what gap are you talkin about on $ndx? the one on 9/26?

sheeeesh....you're so f'ng hard to understand

Bunkerman said...

there are a few, but not many. I haven't tried to publicize the blog to strangers since I don't want it to become a job. The blog has to be fun for me, which it is.

Frosty said...

where are those upside trading curbs...they will save the common man who is now tossing money at the market.

maverick said...

beefers just waiting to crush the common man. bait working

Bud said...

That's interesting Bman. I would really like to hear what they think about your rants and delusions on the markets.

Frosty said...

IDTI...LEH downgrade working when most downgrades have meant nothing today...IDTI may fess up based upon how it acts...darksiders want to know.

Bunkerman said...

Some are in my home town. I'm going there on Thursday to visit my Mother. I'll try to remember to ask.

Bud said...

Don't forget to ask them about the uptick rule.

lmaoooooooooooooooooo

Frosty said...

Bunkerman...can Bud be your guest blogger...I need a good laugh.

Bunkerman said...

I can blog from Ohio on a laptop. The problem with Bud being a guest blogger is that I'd have to give him my password. That would be dangerous unless I know where he lives hehehe ;-)

Bunkerman said...

I might get Mrs. B to sub for my on the drive days of Thursday & Tuesday. If so, she might blog about sheep herding hehe ;-)

Or the dogs. :-))

Or maybe her stock purchases in the Sky Fund ?

Frosty said...

I hear that...he lives in a van down by the river...while on the lamb from his book...fyi

Bunkerman said...

lolol
van = trailer ? :-))

maverick said...

FXI gonna feel the Greenie pain?

Frosty said...

Bunkerman...I have been thinking about trading my rv for a nice, low milage m-60...but the 105mm a little light for my taste.

Bunkerman said...

true frosty. A 120mm is proven to be the "man" anywhere against anything.

Frosty said...

Maverick on the bombing raid over china via FXI...run those little bastards into the sea Mav...stay clear of the jet wash.

Bunkerman said...

perma-bears are being fried in a hot market. Sigh ... they never learn.