I suppose the markets will slide down in low volume until the Fed rate announcement on Wednesday. Why should any real buyer step up and buy cheap stocks until assured the Fed won't betray them again ? I'm doing nothing and waiting, but I already have large positions that I think are very, very cheap and have solid value and will do well this year and next. If you didn't buy the collapse last week, there is no reason to buy now.
US voters seem to want a clear change. Obama crushed Hillary in South Carolina, and his favorable press from that win might give him enough publicity in the big states to get undecided voters into his camp. He actually has more real experience than Hillary in governing, as she merely has seven years as a Senator. Before that, she might have been watching hubby Bill, or not. It's a secret, you see. Doesn't that make one wonder ? Whenever the Clintons keep a secret, it has meant something negative was hidden. Don't assume anything good is being kept secret by them.
McCain looks like he is gaining more support and he does represent change, too. Some bigmouths like Limbaugh say that a McCain nomination would tear the republican party apart. What a fool ! George W. Bush has done that with his wild, drunken sailor spending and his LBJ-like war strategy. So McCain as an honest man with a good record opposing spending and a now proven correct war strategy looks like a real leader. Hmmm ... my rich man's vote for him last summer is looking like a winner.
Romney is honest and quite smart, but this election season just is not good for a business style leader.
Asia and Europe are down. Beefers dominate those markets, too. I suppose this might be a good things, as it should kill the talk that the slide last Monday was all due to Societie General's selling. Pay attention to what you know and facts, not the fears. The press is fanning the flames of fear, but seem to have only pundit opinions and fears backing that talk.
About Me
- Bunkerman
- I have a pioneer mentality. My wife & I live in the woods - neighbors aren't visible except slightly in winter. Our "bunker" - hehe, really a fine home & barn - has plenty of security. We have four dogs: Krypto (age 9, Kelpie), Ava (age 13, Rat Terrier), Sky (Kelpie, age 5) and Lucky Star (age 1, kelpie). I don't take crap from anyone anymore, having enough resources & gear stocked up to survive in any circumstance. I have three degrees from Harvard including a Ph. D. in a physical science, and an MS in Management from MIT. I worked as an investment banker for about 25 years, mainly in secured finance, at three major Wall Street firms and for the last 17 years with my partners at our own firm. I'm semi-retired now, managing some private corporations and business interests and doing my own trading & investing. This is not to boast, but to give you an idea I know a little about some subjects from experience. The photo is my 1943 M16 half-track which I am restoring. These armored vehicles were ubiquitous in the US Army in World War II and Korea. It's driveable.
42 comments:
GLW beats EPS, guides up.
BKD beats EPS.
VZ inline EPS.
where is the recession ?
yes sir bman, "the clintons" really killed themselves, and its fun to watch.
right now biliary r digging a 6 foot hole and throwing a pillow into it.
obama vs mccain is what i wud like to see. id probably vote for mccain.
was reading a new book this weekend. according to the author 70% of americans live pay check to pay check. if that # is accurate, it just shows how messed up our beliefs r in this country.
need some education on life insurance, while i mull this job offer.
had a 6 hr interview on friday and i sat in on a "financial plan" with a client of the firm.
she is mid 30's married, two kids. she makes 80, he makes 60k. they have no savings, 30k in credit card debt and were trying to get another 15k on thier 2nd mortgage. so they make 140k a yr and dont save anything. basically both parents impulse buy for thier kids and themselves, ie they r idiots.
also saw on cnn 33% of kids leaving in dc live below the poverty level which is up sharply this decade. then they showed a dude with 3 kids living off 600 bucks a month.
cant wait to hear the lies and spins from dubya tonite. wonder if cheney will show up, or if he is really dead? havent seen him in months
die Biliary die!
they tried to hide it, but u cant get hildog in the white house without bill running part of the show. they blew up this past week, thier chart looks like CFC. its toast! thx god. now huckabee better be next!
if no recession y 75 bips last week, and what is it? 125 or 150 since august?
when they went 75% in 83 what was it at when they did that, 10% or higher?
if we r not going into recession, then all this kool aid is just gonna lite another fire under commodity prices, and that will put the final nail in what is left of middle america.
can i please have a lecture on life insurance? becuase i think everything but term is a scam.
tia
since August we have gotten 175 bps.
August 5.25% looks insanely high now. Fed was too tight too long. They should ahve started cutting in June or sooner when core PCE came down.
Don't know re 1983, but rates were really high then. Vlcker killed the MidWest & US mgft.
For a "rich" person, whole life can be OK. It was better years ago, but now policy loan interest in not deductible. It's just long term tax deferred bond investment. I have a bit from years ago - its' been OK. But intereest rates are so low now, it really doesn't work well except for estate planning where one can get a dual person policy to pay estate taxes on second to pass.
For anyone not rich, term is it. period. There are two types - renewable term with annual payment changes, and a fixed term where the insurnace is set for 5 or 10 years at a fixed rate, nonrenewable. Either type works fine. One can get big amounts really cheap. And one should get a lot when young and healthy.
i love it when you guys throw dirt on Hillary's grave........the Clintons are 4-0 in elections against the GOP
Hillary has won 2 landslides crushing her republican opponents
PS....it sure was sweet to watch the media after iowa....they all said "hillary is finished"....they are all excited again after south carolina
but i need all you guys to say Hillary is done
keep it up guys!!!!
he also killed inflation and layed the seeds for a 18 yr secular bull market that was helped by the fall of communism.
now fed funds is much lower, and the secular trend for inflation is higher except here in the US where becuase of poor financial planning by individuals and the govt, we have an asset based economy. so its either reflate or deflate. soft landings r not possible. too much financial engineering in the USA..
amazing the $ lost almost half its value in 8 yrs and the trade deficit is still 60 bil a month.
i guess that whole idea that owning iraq wud bring down the price of oil from ultra high prices of high 40's, was sorta antiquated.
other than some of the tax cuts, is there anything bush did right?
oops i forgot he banned stem stell research, that was sheer brillance.
"BDK beats'
good.....it's down 5
lmaooooooooooo
PS....ADS down 30
is this a recesiion?
bud, u dont think bill killed the hildog wagon? dems r sick of the bs, and obama (as long as he can stay above the clintons, and not get caught up in lying , like them).
u shud be happy bud, hildog cant win the big election. obama can.
thx bman, i agree, any more insights on insurance?
wud u get life insurance if u were me?
no mortgage, no kids, low 1 mil NW
tia
just found out cindy back on da pill. i though she wanted kids? maybe, but maybe not with me?
lol
hey if david hasselhoff can do it, i can. i dont get nearly that messy, but a few times a yr
ill be 37 in a month, SHIT!
ive been high for 20 yrs straight
rofl
a new low on Bubblevision ... Pat Buchanan arghhhhhh!
you need a job, mern, to get her off the pill ;-)
In my opinion, one buys life insurance when you don't need it. Get a million cheap, renewable term. Then when you have 3-5 million, drop it.
oh Bud, surely you know that the beefers can crush any stock for any reason at any time with no uptick rule.
MCD sure seems like a recession proof stock
good numbers
it's down 2
PS.....now i really need an email from frosty thrwoin dirt on Hillary's grave.....last time he did that ...she had a resounding victory.......come on frosty!!!.....lemme hear u
Pat Buchanan , geesh hes nutz.
thx for the input.
not the best time to be looking for fin work.
i love how cramer was writing the epitatah for capitalism last tuesday. now its a buy a of life time, right here, right now.
lol Bud ... friend of the party bosses ... friend of the rich & powerful ... the DC lobbyists & bosses.
Maybe Bud has inside info .. Is hildog going to cry again ?
i thought MCD wud be taking share from EAT, etc.
my gut thinx today is gonna be ugly.
i guess get long, bud.
this french trader makes no sense.
he was short, bigtime. made a ton of money, but wanted to hide the profits, so he got long (bigtime) at yr end?
the muslims r buying everything.
great!
Bud...hildog changes today to deaddog...cooked...over...history.....past prime....die cankles die.
so who likes the pats +12 (give or take)?
they won each super bowl by 3, if memory serves, or less.
i wonder if belichik has brady practicing his limp?
im thinking the pats win by 28 or its very close, but cant seem to make a decision.
GMEN....GMEN...GMEN.
Bunkerman any thoughts on the quarter reported by MCD? I know how much you love their food...
MCD down 3
good.....it's crap
hope it goes to zero
lmaoooooooooooooooooooooo
Teddy backs obamayomama...another stake in the heart of the hildog...which sucks because he gives the dems a chance, slim as it may be.
it sure is sweet watching frosty's boy rudy crash and burn in florida
he's not even fighting back....what a pussy
kinda' like frosty
MCD quarter as fine - they beat on EPS and revs. 20% yoy growth in earnings.
Rudy is a team player, a concept that is way over your head Bud.
Pussy LAMOOOO...your my bitch Bud, nothing you say will change that.
Bunkerman...25 bps is my call for the fed...they will cut, but no 50 bps...their panic last week, as you said, just another fup in a series of wrong headed moves...the trend is your friend, not, when it comes to markets and this fed.
a little paint ahead of the fed and month end as market nutural funds are down an avg of 8% this month...beefer games indeed, those funds hit liquidation mode next month...the $vix rules the roost, what a great looking chart, next stop 45.
Those march 45 calls can be had at .20 today...doubled since my last post, but room to run with 51 days until they expire...what an opportunity to put on cheap insurance. Last Tuesday they spiked to .80, fyi.
was frosty also a janitor at the Fed?
Bud...fed janitor my dream job...I often dream of mopping the floor with you.
and no, not because your black.
I think 50 bps, frosty. My thinking is the minimum bid on the TAF was 3.1% for 28 days; the current 30 day LIBOR around 3.24% and the need to get to 3% overnight.
frosty reminds me of kids i used to play with when i was 8 yrs old
throw it 3 feet wide or over my head and call a strike
grow up you little pussy
Bud...my bet is your still playing with little kids.
apparently frosty worked all weekend on his material
ok...cool
i'll have to bring it tomorrow
Mern...how are we playing GOOG earnings?
sold some gold this PM. I'm going to dribble out about 1/4 of my large holdings over a few weeks as long as gold stays over $900.
I'll take the money & buy whatever sector is most underweight via Vanguard ETFs in my Krypto Fund brokerage account.
rofl, frosty and bud.
frosty u r way off. bud only plays with farm animals
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