Monday Morning Ramblings

Spring is in full force here. Perchance Spring has arrived for the markets ? There is plenty to worry about and we can expect Babblevision and Blabberg to spend countless hours telling us why the world will soon end.

The S&P 500 chart shows a clear bottom pattern in force now with the recent consolidation over the slight downtrend line. On a larger scale, the pattern is both a "W" double bottom and the recent downleg now has become a bullish cup & handle. Fundamentals will rule, however. So this week's GDP and jobs numbers are important, as is the Fed meeting.

WB management obviously needs a major shakeup - I've written to the lead independent director "requesting" the CEO be fired, among others involved in these recent scandals. I'm keeping my shares, but am not happy. The bank has a great franchise and should be a long term winner with good management.

I am doing nothing, have already positioned the Alpha Fund for a bull move up. By the way, on Friday, the Alpha Fund was up 2.4% year to date, which might be the first positive number all year. The Krypto Fund is also positive for year at +1.7%, hence is kicking the butt of most hedge funds as well as pure US, undiversified index funds. It's a long way to year end - constant vigilance is the watch word.

This afternoon I travel to small town, southeast Ohio for a three day trip. If I can get the Internet working in Mom's house with a new modem I bought, I'll post tomorrow. If I can't, silence will prevail.

Word of the Day

"Neologism" - noun [$10]
Neologism means 1. a new word or expression; 2. the coining or use of new words.
Sentence: One of the pillars of strength of American English is its flexibilty in the creation of neologisms to infuse new technology into everyday life. For example, one's "cell" is now the cell phone of a person or the cell phone number, which usage is derived from the highly technical "cell" methodology with which a network tracks a mobile phone. Interestingly, since many people now carry those devices everywhere and use them incessantly, perhaps the term "cell" is even more appropriate as such persons' freedom seems contrained by that contant connection to others.