Yesterday was an interesting day for the markets. Much bad news and an early bear raid hit the markets to knock the S&P futures down 20 pts, but buyers stepped up and the market closed up 11 pts on higher volume. The Nazz performed similarly. A higher volume reversal up on bad news is significant. So I wonder if this is a sign of a change in psychology ? That up day on the recent AIG bad news showed the same. Are real buyers stepping up, or are there no more real sellers lower, to cause short raiders to cover ? The former seems more probable based on the positive close.
Energy and miners were strong again. Dip buying proves itself again.
The Star Wars anti-missile program proves itself against a real target. Scores of liberal physicists of the 1980s were proven wrong in their pronouncements of impossibility; Ronald Reagan proven correct.
A WSJ op-ed brought up the "pushing on a string' fear. This occurence was predicted here weeks ago.
The stagflation fear is now rampant. Uh ... what happened to the recession ? Does no one realize that "stagnation" does not equal recession ?
Hillary wildly attacking Obama as "inexperienced". Objectively, he has more experience that her. But what's new about a Clinton lying ?
The left smears McCain with an old rumor about an affair. Hmmm .... I thought that didn't matter anymore ? Nothing new about leftist double standards or smearing.
Gold is at a new record; silver approaches $18; copper is at $3.76; oil is over $100. Uh ... does anyone not see that this world economic strength is incompatible with recession ?
The recent smashing and now ripping up of energy and miners proves that patient dip buying of good groups works. If you did that and are an investor, pat yourself on the back and enjoy and wait for the LT gains. If you're a trader, remember part two - "sell rips".
Phooey ! The Vista computer just crashed again - this post is from the autosaved draft. I hate this computer. Crashing with a mostly bare bones systems stinks. Total BS. I'm thinking of just junking it and buying a new Mac for my main computer. And now I have to call Dell support today - that should be fun.
Word of the Day
"Exanimate" - adj [$10]
Exanimate means 1. lacking animation; 2. lifeless or appearing lifeless.
Sentence: Until yesterday, exanimate stock markets made Bunkerman wonder why he spends time daily watching them.
Boone on babblevision.
ReplyDeleteSays oil will stabilize, maybe drop $10 in the summer, then back over $100 in the fall.
That means net "zero" inflation push from oil for 2008.
Uh ... Boone agrees with Bunkerman ... or is that the converse ;-)))
T Boone would prefer giving it to US farmers rather than Ahab...We're sepulturing ourselves by sending the $$$ out of the country
ReplyDeletetrue, spin.
ReplyDeletenuclear works: build the plants and use the power to create hydrogen from water.
I don't think there is enough nat gas for it all.
No single bullet will do it - a multiplicity of efforts each producing 10% would work.
I don't thikn this "cellulosic" ethanol will ever work. They don't have the land or the process.
Actually I think the left really wants to block every single solution so they force the world back to a horse-driven economy with manure as a fertilizer. That's their "natural" solution - man is evil.
ReplyDeleteoil use per person means nothing. US is actually producing more GDP per barrel used than other nations.
ReplyDeleteI think the US trade deficit is getting fairly close to net zero after oil is taken out.
ReplyDeleteCLNE ticked up a little but only 1800 shares
ReplyDeleteok jobless claims ... about 350k
ReplyDeletebunkerman ... are you long any uranium ie, CCJ or USU, please ?
ReplyDeleteBunkerman...if Mern can find a job there is no doubt even BSC maintains greater resources than they can effectively manage...the smell of a bail out is so strong today you can taste it....watch the close today, the ny nazi leaders pinko monoline plan anticipation is hitting a fever pitch...he has set a Friday deadline...master of markets indeed.
ReplyDeleteIt appears all they do in Philadelphia is smoke crack and play video games....nothing else going on....I guess Mern is right...
ReplyDeleteDear Bunkerman,
ReplyDeleteDo you think stocks are cheap here? Thank you sir.
Your obedient reader
DUG Heffernan early jucice, I imagaine T boone shorting black gold has jed and jethro selling and moving back to petticoat junction.
ReplyDeleteUSO a couple of gappas to fire at, what say you Spin.
what a mess. Dell guy says teh ZoneAlarm update introduced a driver error.
ReplyDeleteBut system restore could not be done for some reason.
Arghhhhh !!!
mikey, I have CCJ long term.
ReplyDeleteyes, Abud. Stocks are cheap.
ReplyDeleteDBA darkside with an eye on 40.50.
ReplyDeleteCLNE is that a darky mikey?
Mern where are you today...I find myself in the mood for a story of your soccer feild glory...Pele' where are you.
ReplyDeleteBunkerman do you invest in specific REITS or do you simply buy the etf for your exposure in that space?
ReplyDeleteThanks sir,
an obedient reader
seems like stox are gettin 'cheaper' everyday
ReplyDeletethe way all you guys suck up to the Oman is so sickening
ReplyDeletewhat are you guys afraid off?
I just buy the Vanguard REIT index fund and the ETF of same [VNQ].
ReplyDeleteMrs. B buys the TIAA real estate fund that actually buys the buildings.
that's a general comment, Abud.
ReplyDeleteSome stocks like DVN, PCU, etc are not cheap. Same for most energies and miners. Not a buyer here of those.
big banks, GOOG, AAPL, GE are cheap.
GOOG won't be cheap at 350
ReplyDeletefrosty ... CLNE is a T Boone Co and was traded in "the tank" a while ago, I have no position, but I think spin may have traded it in the past
ReplyDelete"YOU PEOPLE"?...THATS RACIST SIR!!!!
ReplyDeletefrosty, sorry i had to go to BSC fill out an OBA and few other things.
ReplyDeletethen went to a store and got the goods.
i see no problem passing the DT tommorrow.
plus i got the worden a new rocket, and a couple of new customs. gonna get my freak on tonite. ill be 37 sunday but worden works friday-mon, so tonite its my b day. but i cant even drink a beer
bud can u admit hildog is done?
ReplyDeleteu r better off she stood no shot in november.
obama is the new prez. ive put more money on it today, with my book
so if we stay around say 2% GDP growth for the yr or longer and the CPI stays at near 5% for the rest of decade, is that stagflation?
ReplyDeleteu agree with buffet that KFT is gud to be long?
ReplyDeletegonna be tough getting CPI or PCE to 5% for all 2008 if oil stays flat as Boone says.
ReplyDeleteMrs. B owns KFT for LT.
ReplyDeletei sent Hillary another 250 bux this morning
ReplyDeleteas soon as i get her email i'll post it here
y does hildog keep bill speaking?
ReplyDeleteit killed her.
now she is done, how long before the divorce.
ill bet before 2010.
but if it does, wud that be stagflation?
ReplyDeletebud, cancel the check.
ReplyDeleteill come visit u.
give me 125 bucks. ill kick u in the balls, and we will call it even.
gud money after bad there. she is so done, they took the fork out monday.
how can she beat a guy who doesnt lie, gives great speeches, and has yet to lay out a real agenda?
he just needs to say nothing and let the clintons, lie, spin, lie, spin, lie, spin. the clintons mouths r thier biggests enemies.
was up till 1am watching the suns/lakers
ReplyDeletethe west is sporting the best hopes since doc j, magic and bird were going at it.
jordan won all his titles in a very watered down league.
the west is so stacked i cant believe it.
someone with 50 wont make the playoffs. an 8 seed, will surely test the 1 seed.
basketball is back baby despite stern who just sux!
i'm not like frosty
ReplyDeletei don't bail on my friends when things get tuff
frosty was in love with rudy....then it was mitt...then the huckster.....and now he acts like he was with mccain all along
what a fair-weather turncoat weasel frsty is
spin im very likely headed to the valley, maybe next week.
ReplyDeleteill see u at that woodlands?
montage got any snow? real snow i mean?
frosty u liked that freak hukabee?
ReplyDeletei think he needs to die, right there with bush and cramer!
http://www.youtube.com/watch?v=wnVJZkDuVBM
ReplyDeletei cant stop watching this. i watch it at least once a day
Yeah, I'd say real GDP at 2% and CPI at 5% would be "mild" stagflation. I'd prefer a definition with the PCE or even the GDP implicit deflator as a consistent measure of inflation.
ReplyDeleteNote the the GDP numbers we all see are "real", after inflation is subtracted out using the implied GDP deflator.
I'm not sure what the numbers were in the late 1970s - I'm sure inflation was over 5% then, though.
Come on Bud...get that check back..We can play 18 @ Bull Run and toss back some Rocks.....
ReplyDeleteI thought frosty was a solid McCainiac all along.
ReplyDeletelike me.
ReplyDeleteya if memory serves because i was 5-9 at the time.
ReplyDeleteinflation got an 11 handle at the tip top.
i dont the CPI was a watered down lie back then, however.
they r hiding at 3 to 5 handles, imo.
was at WMT buying a DT, the other day. the women in front of me was friends with the women checking her out. they were talking about how expensive the food has become.
now its 350 for premuim, a new high
"IM F*cking matt damon"
rofl!
SRS SKF...both have pivoted their current level the past twenty trading days...both on the way to printing the tightest range during the period today...pinko nazi Friday looms large.
ReplyDeleteBunkerman and Bud locked at the wrist via zip ties, k-bars at the ready...we near the end of the dispute, may the best man win.
to fully appreciate y that is so funny u have to understand the kimmel has this pretend feud with matt damon.
ReplyDeletesilverman and kimmel been together for a long time.
damon must be real down to earth, but that is really funny
this is also very funny and explains the spoff
http://www.youtube.com/watch?v=-PZNfOZXPJk&feature=related
that Louis Vuitton commercial makes me want to hit the QVC ch and buy an Esteban guitar....lmaooo
ReplyDeletefrosty hated mccain....and he loved rudy
ReplyDeletei have the emails to prove it
no check......campaigns are smart.....they barrage you with emails askin for money........and Hillary's campaign caught me at the right moment when i was weak
ReplyDeleteit's done via credit card and they resume askin for money a day later
Bull Run a pretty decent course outside wash dc......i've played it......green fees = $100
ReplyDeletethat's about 72bux over spin's golf budget
Sheesh, so am I the only one who can pick winners ... who understands the common man ? ;-)
ReplyDeleteI sent McCain the max $ early last summer.
Bud saves old needles and gauze...just in case(true pal)...loool
ReplyDeleteROFL i was thinking the samething spin!!!
ReplyDeleteId kick your ass on the golf course...I d kick your ass off the golf course....I d kick your ass on the way to the car..Id kick your ass at the bar.......Id kick your ass...lmaooooo
ReplyDeletei cant see mccain beating obama.
ReplyDeletei may vote for either.
gotta watch the debates.
obama as to lay an agenda, eventually.
uh oh .. I see silver over $18. gotta get the metal case to the bank to get some to sell - 500 oz. at a pop = five 100 oz. bars. Can't carry that in my pocket adn a bullion bag is a bit open ;-)
ReplyDeleteWith the ground so frozen, it's a good think I dug up all my gold & silver to put in the bank last summer.
Hmmm ... buying at $4-5, selling at $18 - not bad for a paranoid recluse.
hiliary gonna go through a box of tissues on the 4th.
ReplyDeleteWAAAAAAAA, y cant i be president?
WAAAAAAAAA. its not fair
WAAAAAAAAA, u cant attack black people but u can still attack women
WAAAAAAAA, WAAAAAAAA, WAAAAAAAA
excellent play bman!
ReplyDeleteoff to my shrink.
ReplyDeletepeace
Bud saves my mail in a special box and only breaks it out at night when he is all alone...not that their is anything wrong with that...in a sick twisted way I find it flattering.
ReplyDelete"my oh my, fly away"...touch them all frosty...#33 in your program #1 in your heart.
ReplyDeletewhat...nobody knows who Esteban is?..lool..(that was GLD Jerry GLD!!)
ReplyDelete'touch em all'
ReplyDeletehuh?
frosty must be playin indoor softball........on a basketball court
where is the Oman's outrage over the 'rich and powerful' lobbyists
ReplyDeletei have no problem( and zero interest) wehter mccain banged this hot lobbyist....in fact.....i think it's good ....makes him look younger
but what about the access she gave her clients.....yes....her clients must have been the comman man
gimme a break
what a phony the Oman is
PSYS darkside...Mern must be stiffing them...may change with the BSC health plan...perhaps he get's the treatment he really needs...we can only hope....tom cruise on to something, indeed .
ReplyDeleteAbud, how was your stay in the Lincoln Bedroom ?
ReplyDeleteBud are you playing in the member-guest at Seminole this year?
ReplyDelete'understands the common man'
ReplyDeletehuh?
let's see now......graduated from harvard and mit, works on wall street, lives in a luxurious home with vacations in prague and glasgow....and oh yeah.......sells tons of gold and silver bars in his free time
common man my ass
i wish someone would invite me to a member-guest
ReplyDeletei have never played a private course in my life
i play on public courses......like the....uh.....common man
uhhh Bud...last I checked Winged Foot is not public sir...
ReplyDeleteunless u tiger u darker people r not allowed to play golf with the jews, bud.
ReplyDeletelol
hildog shud take tx because the repubs mite cross over and declare they r dems. so they can vote for her. becuase the repubs know she will get crushed by mccain, but obama will likely destroy mccain.
ReplyDeleteif she cant even take tx... u figure the rest out.
she wont win in ohio. she is toast there for sure.
fwiw today's Philly Fed reading has coincided with a recession every time since the index began in 1968....What say you Bunkerman? Bud?
ReplyDeleteCLEARWATER, Fla. -- Ryan Howard won his salary arbitration case against the Philadelphia Phillies on Thursday when he was award $10 million, the highest figure awarded a victorious player.
ReplyDeletethey shudnt have even let it come to this, he is worth far more than 10 mil. i hope they ink him to a longer term deal.
and i hope the iggles surprise me and sign chad johnson and a couple others.
they almost beat the pats, and were the first team to come close. everyone used thier game plan including da giants to beat em. the eagles also played the gmen very tuff at the end of the yr, and they beat the cowgirls. they r close. if lurie cud just break out his wallet, and andy can stay focused on football, rather than his 2 drug addicts bible thumping kids, it shud be the eagles turn to get the lombardi trophy.
donny looking like an mvp, again, if they just get him a deep threat. and possibly a decent fullback.
both lines look strong. linebacker core cud use a tweak. and the secondary needs help becuase dawkins best days r behind him.
I'm sticking with my trajectory: touch & go. no more than one quarter negative, if any.
ReplyDeletePhilly fed - ptui !
who cares about philly fed, seriously what is made there?
ReplyDeletetasty kake, gone!
scott tissue, gone!
philadelphia is the nations leader in growing legal, epitible mushrooms, but they r going out of business becuase they cant afford the electricity bills.
ill likely retire back up their in 20 or 30 yrs and buy a mansion for 75 grand.
i just hope we get a ring before the city declares BK. its about 10 yrs behind detroit.
lolol re common man.
ReplyDeleteI fit in pretty well when I go back to my blue collar home town, $100 words and Harvard diploma notwithstanding ;-)
I can walk into the deli there and buy a six pack and look like I just got of a shift at the plant.
I think no golfer could do that - ugh ... golf shirts. Do your have a little alligator on them, Abud ;-)
put 200 KFT into the IRA.
ReplyDelete3.5% yield aint bad.
while there food is bad for u, the rest of world wants to eat oreos and mac n cheese.
and so does 80% of this country which is overweight. i think the other 20% have eating disorders.
anyone in ethopia have acid reflux disease? i love that commercial. fat white guy frying food, happy he can still eat crap becuase he pops a pill every morning. here is an original thought, stop eating crap, u wont need the pill.
Hmmm I can go to lunch at Peggy Sue's in the hill country, have a burger, milk shake & piece of pie during hunting season, and no one would know I wasn't a native ... well ... uh ... until they see that Gold Mist Caddy with MA plates ;-))
ReplyDeleteKFT food is good - Philly cream cheese, Valveeta cheese, etc. Good food.
ReplyDeleteHmmm ... Abud goes into the diner, probably orders tea ... and a croissant - the cute teeny-bopper waitress would stop chewing gum, say huh ? ... are you real ? I don't speak French ;-)
ReplyDeletelet 1/2 my PCU go. I had to hold too much of that one as I didn't have LT gains in October. So it's close enough adn I have too much copper play. 125% gain.
ReplyDeletePCU has a 15x PE now. Since RTP is getting a bid at around 20x, I'm keeping 1/2 to get a bid and my 30% return for this year from this level. I figure some China company buys them.
ReplyDeleteKFT heck of a long term investment...it is up nearly 7% since the MO spin a little more than five years ago...the tea leafs look like the 25 handle next six months where vaule players, real buyers, would come in with a 5 yeild.
ReplyDeleteBud...sent you some mail, sorry it was electronic...no motionlotion included...spanky, you little rascal...this hero worship stuff is kinda' cool, I know how Big John feels today.
ReplyDeleteKFT management can be motivated now. Being a bit part of MO killed any drive.
ReplyDeleteIt's in Mrs. B's Sky Fund - she likes stable, slow growers.
"she likes slow growers"...to much detail sir ;)
ReplyDeletei figure if buffet bought 130 million in shares around these levels, probably not a bad idea for the IRA
ReplyDeletecramer bought AUY today.
ReplyDeletehes bullish on gold at 930.
what a genius!
that looks like a toptick in gold stocks for now....freaking jimmie
ReplyDeleteMern...cramers classmate is the pinko nazi leader of NY...you know the one who is spearheading the monoline bail out...is he thinking the deed get's done and inflation is ready to rock.
ReplyDeleteHarvard men indeed, Bunkerman, you must feel great shame.
sheesh ... a little late for golds.
ReplyDeletebut maybe gold goes to $1500 in a couple years.
It just needs top stay over $900 for 4-5 more weeks so I can sell what I need to sell.
Yes, I have to wear a bag over my head sometimes, mern.
ReplyDeleteBut the Yalies must bear W and Bush I.
Teddy Roosevelt was a Harvard man, so not all bad.
Moooooooooooooooooooo!!!!!
ReplyDelete