Yesterday's smackdown definitely made me pine for Friday. The bears recovered some conviction after AIG - never a good stock or company in my opinion - reported crappy numbers. The auction rate securities settlement by C in NY gave them more ammo. That story have been around so long, I wonder why anyone was surprised ?
Lost in the bearish resurgence of angst were good numbers in home sales. That was real news and potentially very significant if that shift continues.
Doing nothing. I am sitting on my positions - very long - with much pertinacity, thinking my ideas for the economic trajectory are correct and slowly being proven so.
Alpha Fund positions: BAC (double), JPM, C, GE, CCJ, DVN, CVX, RIG, FCX, (BA+IR+ITW as one), WM (small).
Word of the Day
"Nonage" - noun [$10]
Nonage means 1. (historical) the state of being under legal age, minority; 2. a period of immaturity.
Sentence: Errol Flynn's penchant for ladies in their nonage got him in trouble in 1943, when he was charged with statutory rape by two underage chorus girls. He was acquitted by an all-female jury after a sensational trial.
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.
34 comments:
good sales comps at McD - seeing real DQPwC buying there
indeed bunkerman...just walk around in public....there's no doubt lots of people are eating at MCD....
wellllll we all cant eat fruit cup at the club on a thurs afternoon mfl.....lool
fruit cup....lmaoooooooo
fruit cup with cottage cheese, sir....
Bud nononono MCD...all over the subway in search of the "$5 foot long"...not over till it's over Spin.
I wonder if Bud uses the claw on a fajita wrap at McD ?
;-)
HIIIIIIYOOOOOOOOOOO...LMAO
Bud just made the turn in 51.....strike that....45....uh wait...39 strokes...great playing Bud....
yes mulligans are part of the game sir....no shame there...your boy Clinton took them all the time...
mern oversleep today...he's going to be late for his fake job...must have had a long hard fake date...could just be busy managing all those outstanding paper trades.
btw, those fajita wraps are quite tasty - I like the ones with griled chicken & ranch sauce.
They go with a salad.
;-)
It takes me about a week to get tired of McD food if I eat it every meal.
He'd score better if he wasnt wearing his knockoff RL olympic suit combo
(think Danny dressing like Judge Smails)
"I move well for a big man"...uh Bunky, super size please...stick the orca with the k-bar indeed...think even bud would have a chance to cover you in lipstick.
hmmm ... "Mern needs to be sure not to be involved with girls in nonage."
;-)
nfw, frosty ... Bud would be painted like a Maori.
hmm guess that applies to Bud, too.
nonage = jailbait.
Ill bet an apple pie and an Egg McSumthin on Bunk
yeah stay away from the nonage scouts Bud
a famous boxing referree once said I have a fine, quick jab (he was announcer for one of my fights).
hence my Kbar jab is really quick.
;-)
george foreman killed with the grill...bunky turnip rotisserie indeed...non-poster dark capital pool in search of a few good investment ideas.
Bunky nononono chase ya to the barn...thin skin keep you from turning pro...tko he's a bleeder :)
Bud $180 yet tees behind the 60 and over women's club...viz the 7 hour round...rosa parks is rolling over in her grave.
well well well
are you paying attention non-posters??? forget about the 'real buyers' and 'ops expo' garbage
i checked my blackberry and the market was up 300
lemme guess......oil is down and US banks are up.....that's all you need to follow right now
my message to non-posters : ignore the rest...stick with the best
i love the claw!!!!!
what happens first?
crude gets below 100 or my yhoo handicap index goes below 10???
where are the doom and gloomers ?? the recession mongerers?? the inflation whores??
this market is in launch mode.......shorts gonna get demolished
keep bettin against the US economy
no need for regulations and indictments....let the free market do the job
"bring back the uptick rule"
pffffffffffffffffffft
uhh......reminder
i'm only a professional ping-pong player
ok....back to the beach.....lots of nonage there
PS......havin a great time.....thanks jim!!!!!!!!!!!
hint hint...no vacation complete without the trim.
..$3.55 gas coming
so to paraphrase Bud, "the elephant herd is leaving that well-stomped, muddy bear waterhole and heading for the fresh bullish one across the Serengeti."
"Climb onto the their backs and ride the buill trend."
Not sure this is real buyers ... but they sure did buy the AM dip.
Could be lots of underinvested beefers ... but since that's where all the money is (thanks to the rich), perhaps those is the trend now.
uh ... Bud has a blackberry ? Sheesh, isn't that a bit "corporate" - "conformist".
Iconoclasts have iPhones.
I guess being a golfer is sort of a badge of a conformist, though.
;-)
I here that Bunktini a callin sir..lol
Yes, if it's Friday, it's Martini Time - the World's Finest Martini.
Plus a circus dog party.
MOOOOOOOOOOOOOOOOOOOO!!!!
enjoy men
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