I'm finally learning that word, educe, a transitive verb which means 1. to draw or bring out: elicit; 2. to assume or work out from given facts. I spend the first hour of my day reading the news online (WSJ, BBC, IBD, Barron's, Briefing.com news), usually around 4 to 5 AM. And what did I see this morning ?
Another hedge fund is in trouble, this one being a redux appearance of John Meriwether of LTCM infamy. His fund is down 28% ytd. Sigh ... why do the dumb rich take such risks for a few % per annum ?
India Internet startups are now targeting ... Indian consumers. That's another fact supporting my concept of the 21st century "Asian Co-Prosperity Sphere" of self-reinforcing consumer economies in Asia.
I also heard a rumor that foreclosure sales are actually drawing surprisingly good bids in auctions. Those with cash are scooping up bargains. I still think the default rates will peak soon - perhaps in a month or two - and the housing market will have, or has, bottomed. Ok, I'm an optimist.
Bank stocks pulled back yesterday ... no surprise, they had run quite far. An analyst hit them again. Expectations are going to be so low for their Q1 earnings.
I need to find a few good stocks outside the bank, energy, mining and tech groups to diversify my Alpha Fund a bit more for the next big move up. Prerequisites: 30%+ upside for one year hold, decent chart, no rotten balance sheets; four letter small caps need not apply. I'll be patient.
Word of the Day
"Gracile" - adjective [$10]
Gracile means 1. gracefully slender; 2. graceful
Sentence: My Kelpie, Sky, is gracile, yet has a muscular build which combined with his fast learning and stock reading abilities, seems to make him an excellent dog for sheep herding. The trainers are quite excited about his prospects for trials.
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.
46 comments:
Dear Sal,
When I heard that Elton John was throwing a concert in New York for my mom's campaign, I knew it was going to be a night I didn't want to miss.
Want to join me there?
My mom's campaign is bringing two supporters and their guests to New York on April 9 for both Elton John's one-night-only concert and the party after the concert. It's going to be a great night and a great time
Please contribute today. Enter and you might be joining me, my mom, and Elton John for a concert in New York!
I'm so grateful for everything you're doing to help my mom win!
Thank you!
Chelsea
tell her yes, here's $250. ;-)
Iraq on the verge of all out war
al-sadr and iraqi army about to wage the battle of basra
i sure hope our troops stay away
"the surge is working"
pfffffffffffft
al sadr just registered for the dems...He gets the oil$$ and gets HillBama to pull troops. kills 100 year war big John
great..........as soon as i decide to support mccain.........i am 2-5 in presidential elections ( clinton my only 2 victories)
PS......i'm still not givin up hope for my girl.......but it's gettin tufffer for hillary
i saw spin's boy john murtha holdin hands with hillary
a true american hero
he wants us out of iraq
was i too harsh on frosty yday? perhaps........he is like a little schoolgirl....he cries easy
"sorry"
why would you of all people want McCain instead of Bama?
uhh spin...figure it out...john mccain is a white man...mr. obama, well, he is a man of color...
racist indeed
Platinum Grove Asset Management, the $6 billion hedge-fund firm run by LTCM alumnus Myron Scholes, has lost 13% this month on credit trades, putting it 10% down for the year, according to a person familiar with the fund.
Bunkerman, would your boy Fischer Black approve of his colleague's trading skills? this looks like the second time he may blow up...
Seems to me a big PA with for Hilly puts her back in contention.
Tough for the supers to ignore those big, swing state wins.
Convention floor fight to seat MI, FL delegates looms
lolol Fischer only invested in T-bills. He'd think those other two were nuts. He understood anomolous risk.
she's kickin can in PA...the Clintons are swarmin all over the state....You can see why they're hittin Bud for $$ everyday...
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
"will work for severance!"
bud do u think hildog wud be pounding the superdelegates if she was up 177 delegates?
i was reading she learned how to trade futures in the WSJ, but too bad for her the journal didnt cover the futs market until after she stopped trading.
if she gets the nod, maybe she can put clemens on her tix. hildog misspeaks, clemens misremembers. i think there is another word for that, what is it?
its at least a 5 dollar word, what is it, again? its on the tip of my tongue........................................................................... oh yeah, its called LYING!
dodging bullets in kosovo. ROFL!
maybe bud dont like obama becuase bud is a self hating brownie?
i know i am a self hating whitey.
south park bombing this season, imo. i thought the britney episode was pretty gud at making a point, but not real funny. after last nite im wondering can u really get high inhaling cat piss?
what a mess!
the fed shud never have let JPM buy BSC.
BSC shud have died, imo.
what a freak show this is
MERNNNNNNNNNNNNNNNNNNNNNN!!!!!
LEH liquidity rumors???
just read bmans thoughts on BSC and while at first i thought like that, being involved and really looking at what is going on, i dont feel that way now.
one of these days all this bullshit will have to unwind. just let it happen.
they let it happen on the way up. so just let it unwind, and kill the middle class. they r dead already, just dont know it yet.
who is next, C, MER? both have the same crap as BSC does off the balance sheet.
i agree the fed will ultimately make money on the 30 billion, those assets were priced at almost 10 cents on the dollar, so they better make some money over the next 20 yrs, but at what cost to the feds reputation?
every article i read on inflation says the samething. all americans know what the fed wont admit, inflation is out of control.
i get paid to surf the net, for now. the avg american is hurting very badly, but if the fed RAISED rates, the $ wud get stronger, oil wud go down. unemployment wud go up, stocks wud go down, and then all this crap cud reset at the correct level and we could move forward on a more structurally secure base.
funny how cramer is getting so beat up about BSC. i hate him with a passion but he was correct with that caller. he was addressing the accounts at BSC not the stock.
he did love BSC at 85ish in Jan, and didnt say sell until about 35. so he still crushed the gamers for 60% in 6 weeks, but no one wants to talk about that.
i dont really care just as long as his rep gets so ruined he has to crawl back to the trading godess who gives him the heisman.
bunkerman what is going on with your friend copper today? is it really heading back to $4? that is hard to believe....what recession?
doing Mom's taxes ... no paying attention. China demand/re-stocking, I'd say.
Bunkerman...how about you and ms b head out to MCD for some soft serve, say about 2pm...she has earned a treat, listening to your word jokes...luv indeed is blind sir.
Mom sure saves a lot of money from that 15% dividend tax rate and the capital gains rate.
Uh ... guess not all that W tax cut goes to "rich" ... a lot of the elderly middle class.
good idea, frosty ... maybe I need some points ;-)
Can the market really have already reached a low when every meathead that comes on tv says "we've definitely seen the lows"....just thinking out loud...
meathead...MLF59 you know my furture son-n-law....crying like a school girl indeed sir.
Bud...you will be gald to know that meathead dumped the hildog, now working for the ag cuomo.
seems like all I here are that the fins are too risky still and have NOT hit bottom.
all I hear ..
well........i'm not dumpin hillary
i'm dumpin the democratic party if they nominate barack
i'll be an independent
LEH acts like somethin is up
PS....Bman is LEH part of your 'guttin their own beefer' pirhana list?
Bunkerman...could just be some month end mark down...no one wants to show the fins on the sheets...or it is the end of the world....spiddy sure has that end of 12/07 look and feel to it...that is a concern.
bud will vote for nader? hence a vote for mccain.
watched fox news while working out. they pay almost 50 an hour, so i got about that much to work out for an hour.
obama slamming mccains speech on housing, which i thought was very gud. i dont think he understood everything he was saying but the speech writer did a gud job.
hildog slamming pelosi, but i doubt she wud be saying that if she were leading.
i guess if being a complusive liar makes u ready on day 1, she is the most ready.
i'll never vote for nader.....he's a scumbag
i'll vote for mccain if i have to........i'm gonna send a message to the DNC
democrats don't want hillary....then f' them
i'll take my vote and my money wherever hillary goes
no ... LEH is a good firm. I'd guess rumors are beefer shorts manipulating the stock a la 1920s style raid
:-)
Disgraced former New York Gov. Eliot Spitzer is being linked to a second call girl ring called Wicked Models, which was busted by Manhattan police on Tuesday.
ROFL!
jimmy gonna get caught up in this too, imo.
VICTORY...LMAOOOOO...BIG JOHN.
I've heard a lot of stalwart D's gonna go over to Big John if Obama gets the nod.
Obama has that McGovern smell ... the smell of DEFEAT.
i really hope mern has frosty's address
i'd like him to ....uh.....'visit him'........when he goes on his shooting spree
Bud two words of advice...jack daniels...not like it will hurt your batting average...rip mick.
"touch 'em all Bud !!!!"
LMAOOO...you should both come our...I'd club one using the other.
uh frosty.........is that what you do? club the 6 and 7 year olds on your street when they strike you out???
what a pussy you are
CHARLOTTESVILLE, Va. — Virginia State Police were hunting down a pair of gunmen suspected of firing at six different vehicles along busy Interstate 64.
its not me! id either start in south beach or rochester NY
die LEH die !!!!!!
GS will buy em for 2 bits.
the fed will loan GS 80 billion for this one.
whoa oh want i want to know is where did capitalism go? Come hear Uncle Ben's Band
by the riverside
Come with me or go alone
He's come to take his children home.
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