More Euro-smashing.
More Beefer Ping Pong.
More Driving Cutbacks.
Wachovia gets new CEO, to book reserves for bad loans, to write-off goodwill.
BAC says no need for more capital, no dividend cut.
Germany gets reality check on nuclear power - kissing Greens might have to stop - and they'l need that power as wind, solar can't make it up and emissions from coal would be a lot.
Summer driving season is dead. Gasoline demand is flat on weekly demand chart and back to 2003 levels.
Market technicians keep making prophesies ... all that seems so much like reading the motions of birds, or spots on a liver, or the pattern of bones tossed on the ground.
Bunkerman's "prophesy" that the beefer traders would take out a logical "level" occurred yesterday, as the S&P entered bear market territory, making it unanimous. This is simply a trading rule: traders/locals always break logical levels to run stops on the public - stampede the "herd", etc. This happens on the way up, too. There were several examples of that in the past few rallies.
I am still searching for couple more of stocks to buy. Doing nothing otherwise. This weekend I'll check for any needed re-allocations in the Krypto Fund.
Word of the Day
"Controvert" - verb, transitive [$10]; the noun "controversy" is common but not the verb.
Controvert means 1. dispute, deny; 2. argue about, discuss.
Sentence: Some readers controvert Bunkerman's core thesis, viz., that big, evil funds [aka "beefers" ] dominate and manipulate market moves on the short and intermediate terms, but those believers in "efficient markets" are analogous to the theological scholaticists who denied the theories and observations of Copernicus and Galileo.
[ hehe - joking around a bit ;-) ]
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51 comments:
Costco comp store sales up 9% ... uh ... whither recession ?
oh ... I forgot .. it's different this time ... the definition has been changed to give the media a lollipop
DOW for ROH, huge premium in chemical industry. All cash.
Uh ... odd since "market" "says" deep recession coming.
Recession controverts like the Bman make me question the standard of teaching at Harvard's economic department.
this is a very efficient market
stocks with red balance sheets and bogus earnings...i.e. american banks
are gettin sold and sold and then.... sold some more
that seems pretty efficient to me
hmmm market did a fine job valuing ROH, too.
I'm not sure that usage as a noun works, Bud.
How about, "Bunkerman controverts the existence of a 'recession' incessantly, which makes me [Bud] question the teaching at Harvard's economics department."
Btw, I learned most economics either myself or at MIT. Only economics class I took at Harvard was a superb accounting class toght by a famous B-school professor.
;-)
Hmmm "Wal-Mart reports Jun same store sales +5.8% vs +3.3% Briefing.com consensus; boosts EPS guidance for Q2 (57.67 ) "
uh ... whither recession ?
Oh, I forgot again, it's been redefined.
Hmmm redux: "Foreclosure activity decreases 3% in June according to RealtyTrac U.S. Foreclosure Market report
RealtyTrac today released its June 2008 U.S. Foreclosure Market Report, which shows foreclosure filings -- default notices, auction sale notices and bank repossessions -- were reported on 252,363 U.S. properties during the month, a 3% decrease from the previous month "
I wonder ... does that signal a bottom ? Too soon to be sure.
If beefers are having their worst year in years, how do you deduce that they are the ones knocking the market down bunkerman?
i wonder if Bman saw ken lewis on tv yesterday
man......he looked like hadn't slept in 5 weeks.......or maybe saw the devil
oh wait........he just looked at BAC's balance sheet yesterday morning
great call on ROH yesterday....oh wait.....that was an email.....nevermind
'great trade bob'
pfffffffffffffffffffffft
The wrong-way beefers are longs being liquidated or selling like madmen to save their fats jobs ... the beefer winners are shorting like madmen.
Besides, that's where all the discretionary money is nowadays. Trilions in ST trading funds. That's the problem.
I suppose Lewis looked like he'd been in the Pamplona run & tripped ... but he has been pummeled by a herd of beefers.
With no uptick rule, they can raid a stock with impunity.
Lucky he has a big deposit base, meaning zero funding risk. Or "they'd" probably rumor monger BAC.
big drop in jobless claims ... uh ... W ... R ?
"wrong-way beefers"....i love that...lmaoooooooooooooooooo
'with no uptick rule'
LMAOOOOOOOOOOOOOOOOOOOOOOOOOOOO
anyone have Binky's cell phone #? he won't return my calls when I call his office....tia...
come on ride the train
ride the mern train
come on ride the train
ride the mern train
woo wooo......woo wooo
"5 to 7 orgasms"
Elaine? Jerry? faker?
where is john vogel these days??
with his stupid indexing bs
dont hate the player. hate the game.
tip if u wanna get chixs off like dat. batteries and toys r essential!
off to heaven.
OMG did i blow it last nite. went to dave mathews. highlite was a phat "sledgehammer" dave was going off to that peter gabriel tune. plus tim reynolds on electric, NICE!
any ho. met an absolutely slamming hot 33 yr old. blond hair in big tails. perfect little hippy dress. 5 nothing, 95 nothing with big tits (probably not real). i was sooooooooooo in. note to self, going forward, do not mention your ex still lives with you until monday.
well that makes me 1 for 2, in the past week. been almost 10 yrs, so gonna have to work on my mechanics.
bud does the claw help u with your other game? maybe i shud get one of those. do they need AA batteries?
name the movie and character.
"she has to realize, whether she cums, lays, stays or strays....... your toes r still tappin. NOW THATS THE ATTITUDE."
jimmie rogers nailed FNM FRE shorts....brilliant work sir...home runs indeed
LEH dear lord....thanks for that bonus in stock Mr. Fuld....
pffttt
is this armageddon?
FRE 6.85...given beefers the finger...won't fall behind fyi Bud...I know you need help managing risk.
rumor has it that H Paulson had 9 pancakes against Bunkerman's Harvard Crimson in 1971....
"it's gonna bring my yhaoo handicap index down to 12-13 from 15-16 over the next 2 months"...odd indeed...thought hcp a fixed # not a range...unless of course, you include the fudge factor...fudge packer.
wow
frosty really is a funny guy...... resorting to junior high humor
PS....Bman prolly checkin the urban dictionary for fudgepacker
'jizz'
lmaooooooooooooooooooooooooo
breaking my own rule, but WTF?
is the fed short the fins?
GEE WHIZ.
so every retailer wets the bed, even with the stimulus check. and now even people like me shop at WMT.
"one man gathers what another man spills!" jg
and the glass is getting smaller by the day.
maybe a recession maybe not.
stagflation, yep, we are in it. we have been in it. it cud be almost be over. but there is no debate at this point, given what happened to the fins and the averages in general. the market just priced in low growth and high inflation. there is no other reason this happened.
too bad i was early becuase that made me wrong. must have rolled my FNM puts for 12 straight months before giving up.
philly.com writing the oil bubble popped.
general demand destruction here, however about 80 mil new driver licenses between china and india, a yr...............
125 is the new floor.
the fed like bush has used up all its gud will. whatever they do now, no one cares. their credibility and balance sheet is probably like FNM.
uh, I didn't go to Harvard until fall 1972.
correct, Bud ... looked it up
Had never heard that word before, but I doubt it makes it to a word of the day.
got my M16 cleaned & ready ...
going to a museum in Boston to see an art exhibit ... back late PM.
enjoy the ping pong ... stomping ... etc.
frosty really is a disgusting pig Bman.......he thinks his posts are witty
is there any way you can censor his posts?
they make me puke
"i'm not like mern or Bman ...and cry like a bitch"
why are you bringing your M16 to an art museum bunkerman?
lmaooo
LMAOOOO...I thought mern would be the first to snap...Spinny wins the Rock case pool agian.
frosty brought his A-game today.......i can't catch up with his fastball
back to the bench
PS......FRE worked...'great trade bob'.....or was that a private email....pffffffffffffft
Bud's only angry here..@ the club its
Great shot Trevor!!!
Helluva swing Ed!!!
I wish I could putt like you Mr Whittingham!!!
LMAOOOOOOOOOOOOOOOOOOOOOO
bud u so wish u were white!
"Mr. Whittingham"....brilliant....lmaoooooooooo
no one got damone's classic quote from fast times?
thats pretty weak
That infamous draft-day dealing - in which Moses Malone, Terry Catledge and two No. 1 draft choices were sent to Washington for Ruland and Robinson, and another No. 1 (the first overall choice) was shipped to Cleveland for Roy Hinson - was widely believed to be the brainchild of Harold Katz, then the Sixers' owner.
WORST TRADE EVER!
Bud don't forget to tell your mentor that tomorrow is options misdirection day....I know how much he loves that
Kenny Banya indeed....
LMAOOOOOOOOOO...he doesnt dare speak his mind in the tank "mike"
does William Rhoads read this blog?
"Too many are in denial over the depth of this housing crisis"
" DOCTOR LEO MICHAEL!!!!!
OH DOCTOR MICHAEL, THANK YOU.
I AM NOT A SLACKER......... IM BABY STEPPING.......... IM DOING THE WORK DOC..........IM IN REALLY BAD SHAPE"
:-)
DOCTOR!!!......LEO!!!.....MARVIN!!!
back - good exhibit on El Greco and Velasquez. Bunkerman is learning some culture ...
;-)
btw, when BAC declares that dividend later this month, watch for the record date - shorts will cover ahead of that.
What no merny late day hum dinger???..Booooooooo!!!!!!
'he doesn't dare speak his mind in the tank'
give me a f'ng break !!!!!
i'm not like you guys....ass kissers
"great trade Bunkerman" "well played sir" "great trade Bob"
congratulating guys on averaging down on losing positions and supposed good(retroactive) calls in private emails........i call guys out then and there....and everywhere
kenny banya my ass
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