Golly, this week has been boring.
Even yesterday's ramp up was dull. Maybe that's because my big banks are still mired in the mud. Ugh.
BAC purchase of CFC was approved.
Trichet of the ECB talks of raising rates. I wonder how that's going to control the price of oil ? How many more unemployed German and French and Italian workers must be added to cut oil price growth ? Seems like a tough question for an economist/banker. There being no direct connection makes it really an ill-posed question. Are they fighting the old war of the 1970s ? Or just using the wrong theory/model and will cause lots of pain as they find that out.
The Ruling Class tinkers and the common man suffers.
Economic data still show no recession has or will occur in this mid-cycle slowdown.
But being right doesn't mean I am making money. Krypto Fund is outperforming considerably and is "slightly" green YTD (+2.6%), and that's most of my investments (85% now). But being competitive, the Alpha Fund is vexing me.
Word of the Day
"Lief" - adverb [$10] archaic, used in Shakespeare, etc.
Lief means gladly, willingly (usually as "had lief", or "would lief").
Sentence: Remember the old Popeye cartoons with the character, Wimpy ? Here's Wimpy as a Shakespearean character. "Perforce, I would lief pay you Tuesday for a hamburger today".
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.
68 comments:
Babblevision says no slowdown in people buying lottery tickets. Uh ... that is really stupid behavior.
Lotteries are a complete rip-off of the common man. Worst pay-offs of all gambling experiences.
The only way to have a better "expected return" is to wait until a really big pool exists filled with prior losers' money ... and play tickets with numbers mostly over 31.
Since many people play birthdays, those numbers are concentrated 31 and under. So those winners tend to have shared winners, hence lower payoffs. Winners with numbers mostly over 31 are more likely single winners with bigger pay-offs.
So if you play the lottery, at least get some math in your favor.
lotteries are a disgrace
it's ok for the private sector to be in that business.......like vegas
i would guess the vast majority of tickets are bought by the people that can't afford them......but no excuse......they have to take personal responsibility for their actions
but for the government and state to back them....the state is acting like a sleazy drug dealer.....'we use the money for schools and roads"
give me a f'ng break!!!!!!
very true Bud. The states get the lottery money and just divert other funds from the schools.
A complete fraud. Looting the poor.
OK jobs number, small loss.
Big jump in unemployment rate as many enter work force.
"very recessionary" says the guest on babblevision.....
uh ... I don't change defintions to fit the mood. Bunkerman has intellectual rigor ;-)
these guys who have been wrong just can't accept it, so they change the defintion.
Weasels.
hmm teenagers & young have to work to pay for that gasoline.
bunker pool....the closing price of crude july futures at the close today....winner gets a case of rolling rocks...
150.00
131
132.75
Bud on the Big John band wagon...I will be flying the rebel flag on my F-350 at half-mast until further notice.
LOOL....have you filled up the 350 since last time?
"too much money sloshing around in the beefers"
a truism now.
132.80
fill lol...comman man...give $5 worth sir....cinco gasolina.
LMAO...mfl frosty Bob Barkered ya
lmaooo frosty...now ill have to paint the tape to win
"is this a recession?"
that was for you Bud....
Bud must be feeling great shame, even dirty after switching teams...that or he is still upset after being directed to the husky boys department at WMT to obtain his KKK gear.
"welcome aboard"...ppffttt...that will be $6k, have a nice day.
I think his gloating may have lit a fire under the Yanks and is a tad snarky .....frankly..Im lief to see it...lol
THHHHHEEEEEEE YANKEEEEES WIN!!!!!
looooooooooooool frosty
no contest
"player of the week"
that was a huge mistake......can't celebrate til the final out
f'ng giambi
PS.......i think frosty wears a thong too......lil'bitch that he is
lemme explain frosty's 'welcome aboard' comment to the rest of you
yday Rev made that comment cuz i switched teams
'6k'
lmaoooooooooooooooooooooooooo
well done big jason...1 big hit per yr....$25 million...lmaoooooooo
Bud did you pick up the reverend's 6 nannies at the airport today? also, dont forget to fill up his hummer with gas....
Should a Mets fan have the right to talk baseball?...Vote for Pedro(oooouch my leg)..ol
I believe the Mets swept the Yankees sir....or am I mistaken?
Rev is 10000000% right about the democratic party
they just wanna rob the hard-working rich (taxes) and give it to the lazy (blacks)
Mac is back !! Mac is back !!
PS.....come on frosty....we are teamamtes now....wanna come over for a barbeque sunday???
Bunkerman...trading curbs coming?...turn the machines back on.
heigh ho...thats the difference between Mets and Yankee fans....their happy winning battles while Yanks win the wars...a lil June 6th D day reflection comin atcha..lol
Over There, Over There
Send the word, send the word,
Over There
That the Yanks are coming,
The Yanks are coming,
The drums rum tumming everywhere
So prepare,
Say a Prayer
Send the word,
Send the word to beware
We'll be over, we're coming over.
And we won't be back till it's over over there!
so only people who are rich are hard workers? youve got a lot to learn son....Hilary would smack you if she heard that
One of the problem with the D's is they want to take from high income people working hard, and not lazy municipal bondholders sipping pink gins.
That is, the existing wealthy, trust fund types, etc., get a free ride. Uh ... of course that is many D backers.
guess I was wrong interpreting y'day as real buyers.
Song of the times follows (based on the song, "The Grand Old Duke of York")
The beefer Duke of Hedgies
He had ten thousand funds
He marched them up to the market top
And marched them down again.
antoher problem of the D's is they ignore the marginal tax rate on lower income, hard working people.
and retired people who work.
Those rates go up to about 45% including SS & Medicare.
"player of the week"...lil' chin music and here comes the coco crisp bumb rush.
D's like Obama just want power to push all the people around and make them kiss his butt, like a feudal lord.
The Baron takes the crop, doles out kitchen scraps, gets butt kissed, bangs maidens, etc.
"bangs madiens"...LMAOOO...do you imply sir that there must be white women in his past...wild willy school of rock.
These oil moves are going to create a serious political backlash.
I wouldn't be surprised to see the commodites markets squashed somehow.
Without even a hurricane for an excuse, there is no fig leaf to hide behind.
Pension funds are going to be banned from them, position limits hugely reduced, swaps, etc. banned.
On & on.
Too bad the beefers are spoiling their own nest.
I've been reading the history of the Mameluk empire. When the Nile failed to rise and grain was scare, a good Sultan would order the wealthy Emirs to sell their grain at a very high, but "reasonable" price.
Otherwise a revolt was risked.
These huge swings in the price of a fundamental commodity like oil are going to cause a big political response.
per my earlier comment, I think the jump in unemployment was caused by teenager & young adults living at home to seek jobs sooner to pay for their gasoline. The data seem to back this up.
So that jump doesn't bother me ... yet.
this action smells like a blow off top to me bunkerman....all in short USO....
I think a lot of beefers are short this move, dont you bunkerman, hence exacerbating ($10) the move higher....
Bud...W crack ecomnomic team update...all rise...what time do we eat?
Bunkerman...super beefer GS called the super spike shot...LEH and others not even in the game...
GS working the capital not the shareholders...how do they avoid going deep when they report.
132.81
132.835
whatever happened to the oil 'wrong way beefers' ?????
PS....3 sounds good frosty.......please bring some cranberry juice.......i know you like to drink that in case your tummy hurts
we need Obama!!! we need change!!!
hunker down in that bunker sir....get the silver out and ready...
barker...LMAOOO...Spin is posting Bud's pick...called from a a pre-tee wine tasting...couple of finger sammmmyyyyyssss...grab my bag "boy".
they want that Rock..lol
'the BLS has has it just about right'
'blackberries and laptops'
'Dupont good earnngs'
'1.49 lb chicken'
lmaoooooooooooooooooooooooooooooo
Is mern swingin from a tree or is there a comet nearby and he's Niked up with a roll of quarters?
Mern won today's "craziest shirt" day today at JPM....winner gets free movie passes for a month...well done sir...
"hey mern...........the guys from stock loan goin to Mccsorleys for happy hour...........wings and heineken......cu there"
cu guys on monday
I will email you the thousand points of light handbook for new members this weekend.
For revolutions, you need guns, ammo, gold & silver, cigaretes, nylons, chocolate.
Hmmm I'd better go get some cigarettes and nylons. ;-)
uh Bunkerman...did we light the lamp a little early today?...sometimes ya' just have to say wtf.
I'd expect GS to be investigated for manipulation.
A full body cavity search.
The common man hates Wall Street and he's going make them pay for this.
Just a prediction, not a proposal.
I just don't like seeing people hurt by this nonsense.
But I suppose that's why I live in a bunker ;-))
have a good weekend men.
hmmm ... from NYMEX
1000 barrels per contract x (325000 +23x100000) open interest (two years) x $150/barrel = $393 billion.
about 1/2 to 2/3 of pension fund index fund money goes into energy. Plus the beefers.
So it's quite feasible they could "own" that market long and drive prices anywhere they want.
Oil companies probably limit the amount they sell forward. And OPEC probably doesn't sell any forward.
So those denying market is being driven up by funds, etc. are in denial ... or just lying.
MOOOOOOOOOOOOOOOOOOOOOOOOOOOO
CYA BUNKER BOY
enjoy the weekend men....monday should be nutty...
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