Thursday, August 7, 2008

Another Thursday in the Summer

This summer is going by with much celerity, being 2/3 over already. It's not been a sleepy summer in the markets. Summer Thursdays should seem like Fridays of the rest of the year, but that has not been true this year. Today's news seems subdued, though.

Costco reports big increase in same store sales. Guess the consumer is not dead.
AIG reports a big earnings miss. I've never understood nor trusted that company.
Chrysler may link to Nissan. Why does Chrysler exist ?
US Gasoline demand was flat over last week, keeping that little poparoo alive.
China Olympics to start soon. As usual, I expect to have difficulty seeing my favorite sports, such as wrestling.

Jobless claims today ... since it's still seasonal layoff seaason, I put little weight on these numbers this time of year.

Mirabile dictu ! My dip buys of FCX on Monday and Tuesday paid off, as the stock popped 10% on the takeover of a similar company. A possible takeover is a major reason I selected this stock among many miners.

Word of the Day

"Pertinacious" - adjective [$10] and "Pertinacity" - noun [$10]
Pertinacious means stubborn, persistent, obstinent (in a course of action).
Pertinacity is the quality of being pertinacious.
Sentence: Usually Bunkerman's pertinacity in sticking to his thinking on a stock pays off, but that success requires paying attention to clues indicating possible error. For that cluster fubar stock investment, WB, he blew it by brushing aside WB management's cutting the dividend in April, which meant their earlier statement either showed deception or ignorance, both being bad for an investment. That was a crucial clue to the coming congeries of bad news.

60 comments:

Spin-em said...

Spinny at the Olympics

"Excuse me sir...Do you have something other than Chinese food?"

Bunkerman said...

I think McD has resaturants in Beijing ... KFC, too

How do you say Double Quarter Pounder with cheese in Mandarin ?

Bunkerman said...

I don't understand why anyone gets excited about the opening or closing ceremonies at the Olympic Games.

They are just worthless, factitious media events with high ticket prices.

Spin-em said...

I think I heard yesterday they put cucumber on Bunks Quarter Pounder...
mountebanks

Bunkerman said...

ughhhh cucumbers ... only in salads in small amonts, please.

pickles are OK.

mern said...

mern needed a day off to help cindy move out today.

this is fun!

got my rock back!

Wall Street is down sharply in early trading after weekly unemployment claims jumped to a six-year high and Wal-Mart Stores Inc. and other retailers reported disappointing sales. The market sees all the data as pointing to slower consumer spending.

i remember last month WMT sales were a big deal on this blog. now, today, it costco.

data mining?

the economy sux, and inflation is still way too high.

i guess thats y the ECB raised rates even though the downside risks to the economy r big.

im pretty sure thats stagflation, but i just went to dayton.

spin a jets fan, yet?

coughlin hasnt been fired, yet?

when is hamels going on the DL?

y r the phils looking at freddie garcia?

same shit, different decade!

mfl59 said...

with gold prices so high mern get out and sell that ring pal...

mern said...

with respect the ceremonies at the olympics, i have always thought they were cool, especially when the cold war was kicking.

china is a cool place to host the games, its becoming a super power and probably the super power, in my lifetime. and they r the bad guys for now.

the ceremony represents how sports can transend all the other bullshit that seperates us humans. for a few minutes every 4 yrs most r on the same page. all those cultures, in one stadium, is unique, imo.

as for watching wresting. becuase of the net, id bet u cud use espn.com or something to watch all u want.

ok back to the task at hand, this is really brutal.

Spin-em said...

yeah..loool..Im kinda cheering for the Jets now...Goto Hell Pack!!!..They treated him like merny is done with a skank....a thanks.. a slap on the ass and get the hell out....

mern said...

i with u spin, but its an almost 2 carrot flawless rock.

think ill sell that and my dads patek. that shud raise about 20 to 30k. i know the watch is worth 15k.

ive needed a new car for yrs, but cant seem to justify getting rid of it. but it mite not be a bad idea to super size it, now that im single.

mern said...

lmaooooooo

mern said...

oh man i think bman nailed the housing bottom.

it just went much lower than even i expected.

a house sold in here for the first time in 18 months, last month.

well done sir.

still think u were wrong on staggerlee (and will continue to be so, for a bit longer), but i mite be conceeding u right here.

Bunkerman said...

not much gold in a ring - the rock is the value by far.

mfl59 said...

f$%%^ China....and their stupid airlines....pffftttt

lmaooooooooooooo

mern said...

philly.com


READER POLL
Do you believe in God?
Yes
2791 (22.3%)
No
8949 (71.6%)
Not sure
761 (6.1%)
Total votes = 12499


i voted not sure, as i am agnostic.

lol, i need to move back up there, where it mite be dying, but at least people believe in evolution.

down here i bet that wud be 90% who believe in god.

Frosty said...

Bunky AIG spoiled the fin party in May...I know you thought they were a one off problem then, seems to be the case again...so you saying this is company specific again, no worries.

Spin-em said...

I wasnt talkin the ex..btw...spin doesnt go there..talkin newbies

Bunkerman said...

seems to me the big banks are getting well-scrubbed.

Bunkerman said...

AIG is not a bank.

Bunkerman said...

May had the oil spike, too, that never stopped until July.

Spin-em said...

Hope the rain holds off but they better have more than snakes and sparklers....

So you're gonna tell me that you dont have no Black Cats, no Roman Candles, no Screaming Meemies? Oh come on man, you don't got no Ladyfingers, Buzz Bottles, Snicker Bombs, Church Burners, Finger Blasters, Gut Busters, Zippedy-doodas, Crap Flappers? You're gonna stand there, owning a fireworks stand and tell me you dont have any Whistling Bungholes, no Spleen Splitters, Whisker Biscuits, Honkey Lighters, Hüsker Düs, Hüsker Don'ts, Cherry Bombs, Nipsy Dazers, with or without the Scooter Stick, or one single Whistling Kitty-chaser?

mern said...

i knew u were talking about the newbies, but the ex doesnt mind that treatment.

over the yrs, ive learned most women dont know what they want (in the sack) and u tellem/show em.

most girls dont know they like it in the can, until they do.

ROFLLLLL

i think the dog on family guy put it best when he was talking to stewie (who is 1 yrs old) stewie asked how that was even possible. brian said something like " i dont really know becuase havent tried it, but ive always imagined its sorta like a small parking space that u think no way i can fit in that. but then u adjust your side mirrors and who wud have thunk that, it fits!"

stewie retorts (over the yrs it has become rather obvious he is gay) "well if that is the case it sounds like u wud rather be the parking spot that the car"

brian agrees "ya thats what ive always thought"

i think that show has replaced sienfeld as the funniest show ever.

mern said...

joe dirt

rofllllllll

Bunkerman said...

no fireworks here ... the dogs get scared.

mfl59 said...

Bud....where are you son? watching Schiano put the boys thru 2 a days? chopping up your local muni track? conceding yourself downhill5 footers?

Frosty said...

"AIG is not a bank"...touch them all Bunky...well played sir.

Frosty said...

in come the rays out comes the broom...wingman's back well covered...Mel pick up the glove for the seventh and do Spinny a solid.

Frosty said...

is C a bank?

Bunkerman said...

yes, C is a bank.

Bunkerman said...

AIG is a black box, like GS.

Frosty said...

Bunky...good time for some silver here at $16.

Bud said...

well well well

the sweet smell of vindication

i only looked a couple times......but it seems oil keeps goin down and US banks are goin up

i believe i called that accurately

i wonder how i figured that out since i don't believe in 'watering holes' or 'ops expo'

Bud said...

'sward'


lmaooooooooooooooooooo

Bud said...

how'd you guys do on ops expo '80% up' wednesday ?

was it yesterday?

who the F knows?

who the F cares???

Bud said...

i'm on vacation.......thanks jim!!!!


played on the cape yesterday......180bux greens fees....packed

recession my ass

Bud said...

the doom and gloomers on this blog ....the recession mongerers......inflation cry-babies


gimme a f'ng break !!!


america is back



keep up the good fight Bman.......the non-posters need you

Spin-em said...

mfl wins the pool...Bud just was waiting to see if anybody cared....merny still the most popular fl azzhole and Bud hates it

Bud said...

'downhill 5 footers'


LMAOOOOOOOOOOOOOOOOOOOOOOOO

Bud said...

uh.....i don't play on muni tracks

once again....thanks jim !!!!!!

Bud said...

Schiano.......pfffffffffffffft


PS.....i like the new rutgers jerseys......pink is a nice color

Bud said...

Bman.......i told you not to pay attention to frosty


is C a bank???


he's a punk....and a bitch

Frosty said...

for god's sake man get your oil changed...pay up if you must...Mern goes up 3 skanks to none I'm out half a yard.

mern said...

for god's sake man get your oil changed...pay up if you must...Mern goes up 3 skanks to none I'm out half a yard.

u know the hardest part about making that comment?





































having to tell your parents that u r gay!

lol

mern said...

just got back from WMT.

9 bucks for olive oil, not bad.

favre is on the cover of madden 09, with his packers jersey.

ROFL

mfl59 said...

lmaoooo Bud...good stuff....

don't forget you need to carry jim's bag this weekend at his country club...$20 for the loop....

Spin-em said...

Hope Eli doesnt get the CPB can...Donny,LT,Rothlesburger...add a lil olive oil and ya got the smoochie de muerto

maverick said...

$180 ....did you request lubricant sir?

Spin-em said...

haaaa haaaa ohhh thats a good one Jim...good stuff there pal...hey why doncha come to the cape and.....No??..ok cya

mern said...

$180 ....did you request lubricant sir?



mave for 180 u can barely get a gud lap dance while wearing tight sweat pants.

cost at least 500 to bust a nut this days, right sal?

Frosty said...

"a house sold in here for the first time in 18 months, last month."

someone in the other 49 toasting another azzhole leaving their hood.

Bunkerman said...

my gold & silver plays are guided by the Krypto Fund re-allocation formulae.

I usually check it once a week on Saturday AM.

Frosty said...

SORRY BUSY

Spin-em said...

Die Packers Die!!!!!!

mern said...

They may disagree about a lot of things — but Sens. John McCain and Barack Obama share an affinity for a certain dark superhero.

In an issue of Entertainment Weekly hitting newsstands Friday, both presumptive nominees reveal their pop culture favorites — and it turns out that both men want to be Batman.

this is news?

america just keeping it real

real DUMB!

pass the dark meat. get the couch ready to put in front of the white house. better stock up on some old e.

Spin-em said...

....and Blue Moon

Frosty said...

did someone just put out a parodi on my forehead...wind blowing out at safco...cool breeze indeed.

Frosty said...

mern...did you hit once for the road...old times...seal the deal...tounges flying, toys in both hands...in memory of mr hunt, always be closing.

Frosty said...

is it true...once you go black.

mern said...

i went back to white meat, for now

Spin-em said...

dickball is alive and well non posters