These came to me early this morning while reading the news and listening to babblevision (aka CNBC). By the way, "blabberg" is my name for Bloomberg business news.
An interviewee perkily says, "That's a great question !" Arghhhhhhhhhh ... this buttkissing drives me crazy. Usually the question is either obvious or stupid. Almost none are thoughtful. What would we expect from questions written by some Gen X-Y-Z producer/producerette ? Morons. Imbeciles. The interviewees say that just to make the "face" looks smart in a form of buttsmooch to ensure a return call to appear on TV to pump their ideas and perhaps get more business for their firm.
An interviewee says "Absolutely" instead of a simple "Yes". Arghhhhhhhhh ... I guess it's a way some people try to appear more erudite, using a four syllable word instead of a one syllable word. But the word they choose is NOT a synonym for "Yes" or "True". It's just a cliche ... Depending on the context, correct usage would be "certainly true" or "affirmative" or "quite true" or even just a perky, "yes".
Markets
Good rally yesterday. IBD says it was a "confirm" day and the markets are in a "confirmed rally" mode. How long that might last depends on real events, of course. IFF my thinking is correct, the bottom is roughly here and the economic trajectory is now up. Time will tell. Be aware I have been "early" twice before in this mess.
I have a full load of big financials: BAC (double), JPM and C, plus a modest speculative position in WM (common stock and call options).
Yesterday Alpha Fund added to RIG, FCX and CCJ (see comments thereto). Alpha Fund is 132% long. I want to add to CVX and DVN. These miner and energy stocks must be bought on dips and with time diversification. I would buy AAPL under 150 and GOOG under 450.
Word of the Day
"Razzia" - noun and verb, intransitive [$100] (a timely reprise of this selection); plural is "razzias". This word derives from an Algerian word absorbed into French. (hehe, being multicultural can be fun.) The "a" is pronounced as in "act" and the stress is on the "raz".
Razzia means (noun) 1. a plundering raid; (verb) to razzia, hence to maraud. Imagine a band of wild Vikings raiding village or city or monastery- that's a razzia.
Sentence: The SEC's correct extension of rules to prevent illegal short selling of virtual shares will help prevent those endless razzias of the beefer bears, which are often connected to false rumors. The SEC needs to make these rules permanent and extend them to all stocks.
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.
42 comments:
by the way, I am still looking for a way that commentors can post pictures.
Bamn you need to relax.........i can see why you enjoy shooting your pistols.....you need to let off steam
business tv is just noise ......i don't get too worked up over it
i like BAC and JPM
C stinks
Beefer bear razzia's are essential to the efficiency of our capital markets and they also uncover scams and frauds.
no ' in razzia there, btw, just razzias for the plural.
I really like that word.
C is my #3, for sure. I like the new CEO and think he'll do fine LT.
Chuckie et al sure left a soiled nest.
I think the market was efficient enough when the uptick rule was in effect.
Actually I think the illegal shorting and no uptick rule increased INEFFICENCY by permitting raids and enhancing panics, vs. more thoughtful investing or legal shorting.
Efficiency is not liquidity - they are different.
ST. LOUIS - Two prayer services will be held at St. Louis gas stations to thank God for lower fuel prices and to ask that they continue to drop. Darrell Alexander, Midwest co-chair of the Pray at the Pump movement, says prayer gatherings will be held Monday afternoon and evening at a Mobil station west of downtown St. Louis.
Participants say they plan to buy gas, pray and then sing "We Shall Overcome" with a new verse, "We'll have lower gas prices."
and a little bit more of me dies from the indside
lol
adp job growth of 9k
what are the recession mongerers gonna say now??
lol merny
I hate when investors say, I have been early...what a crock.
here is some real data from mortgage servicers that I have wondered about for awhile:
[source - bankstocks.com]
"Data in the monthly mortgage services reports continues to get better. Last Friday, mortgage servicers released data regarding performance of securitized assets, through June 30th. The reports continue the trend we’ve talked about for months: a slowdown in the inflow of new problem loans, and lower roll rates into late-delinquency buckets. Fewer near-term delinquencies means lower chargeoffs down the road. Our conclusion (again): the pig (bad loans) is steadily working its way through the python.
All this should give investors confidence that the extremely high forecasts for losses from subprime mortgage loans, second mortgage loans, even Alt-A mortgage loans are excessive.
"
An investor can be early, but for a trader, that's a eupemism for wrong.
;-)
Btw I am showing reasonable profits on BAC and JPM - judiscious trading around "early" positions has worked.
euphemism
Bunky swingnnnnnnnn...get another cup of java and wait for a better pitch.
don't listen to him Bman.....of course you can be early
frosty really is full of himself.....he's a punk
Bud...repeat after me...Bunky is the greatest investor of all time...I'll call off the dogs.
I bought that CVX and DVN at teh open. About 1/2 positions now in those two and RIG.
Bunky...you are becoming a true fisherman...have a slot on the boat open, could use another hot rod.
i'm sure frosty could use another 'hot rod'
f'ng wide stance queer
FASB now in line with the rest of the team...SEC doing their part...nonono fair accounting, nonono short sales nonnono speculation in stuff nonnono limit to the money print...bear season indeed.
added a bit more BA, ITW, IR
140% long now.
trying to be patient.
Bunky...how many bullets left in the W crack eco team gun...you think those boys have had k-bar training...just in case the bear jumps the wire.
rumor...attempt to trade spiddy below 1260 is like a bride to no where...perp walk indeed.
I think Hammerin' Hank and Battleship Ben will keep shelling until mop up is over.
I think they have a quite a few cans full of ammo belts left for the tree line if another razzia hits .. maybe a whole half-track full .. and those hold a lot of ammo.
Yes, lots of Hand to Hand K-Bar training.
and even remfs in Congress are trying to get another crack at charlie before he skeedaddles
[mixing war metaphors a bit ;-) ]
;-)
HAPPY BIRTHDAY FROSTY!!!
touchem' all Bunky
LMAOOOOOOOOOOOOOOO!!!!!!...
line em up spin.............rocks for all...Bud honor us with a toast
It's easy to grin.... when your ship has come in...And you've got the stock market beat....
But the man worthwhile...is the man who can smile...when his shorts are too tight in the seat..(clink)loool
W showing colors as pawn of the oil beefers.
Sheesh, what a knave !
W ... grrr
White House opposes position limits for CFTC - Bloomberg
Bunky...the chess move...send me what I want...drill drill drill...tag on the nonono speculation bs.
hmmm ... that "nonono" reminds me of a word of the day I want to post soon.
Well, I think Congress would override W veto of position limits.
there sure are a lotta wide stancers on this blog
you guys stroke each other in your private emails too??
good move by W.....sensible......i support him on it
4 more years !!!!!
fla azzholes....no wonder ya cant get or keep a woman....LMAOOOOO
well played Spinnism indeed.
meredith whitney cmin on cnbc........i'll be very interested in her thought now
she is excellent
PS......BAC
"great trade Bunkerman"
"excellent"
Hmmm ... she lost 4-1 this season adn her "1" lost money (WB) for her beefer masters, too.
She told all to sell all banks just before the latest huge rally.
Gosh, a new definition of "excellent" ... about as good as US school system ... "self-esteem" rules.
;-))))
actaully I think she was pushing to short them as she alrady had sales on them all.
Hmmm wonder when Jimmy Rogers is covering his fin shorts ?
Not braggging ... I've been wrong a lot this past year ... but at least I recognize it ...
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