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.
good sales comps at McD - seeing real DQPwC buying there
ReplyDeleteindeed bunkerman...just walk around in public....there's no doubt lots of people are eating at MCD....
ReplyDeletewellllll we all cant eat fruit cup at the club on a thurs afternoon mfl.....lool
ReplyDeletefruit cup....lmaoooooooo
ReplyDeletefruit 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.
ReplyDeleteI wonder if Bud uses the claw on a fajita wrap at McD ?
ReplyDelete;-)
HIIIIIIYOOOOOOOOOOO...LMAO
ReplyDeleteBud just made the turn in 51.....strike that....45....uh wait...39 strokes...great playing Bud....
ReplyDeleteyes 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.
ReplyDeletebtw, those fajita wraps are quite tasty - I like the ones with griled chicken & ranch sauce.
ReplyDeleteThey go with a salad.
;-)
It takes me about a week to get tired of McD food if I eat it every meal.
ReplyDeleteHe'd score better if he wasnt wearing his knockoff RL olympic suit combo
ReplyDelete(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.
ReplyDeletehmmm ... "Mern needs to be sure not to be involved with girls in nonage."
ReplyDelete;-)
nfw, frosty ... Bud would be painted like a Maori.
ReplyDeletehmm guess that applies to Bud, too.
ReplyDeletenonage = jailbait.
Ill bet an apple pie and an Egg McSumthin on Bunk
ReplyDeleteyeah stay away from the nonage scouts Bud
ReplyDeletea famous boxing referree once said I have a fine, quick jab (he was announcer for one of my fights).
ReplyDeletehence 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.
ReplyDeleteBunky nononono chase ya to the barn...thin skin keep you from turning pro...tko he's a bleeder :)
ReplyDeleteBud $180 yet tees behind the 60 and over women's club...viz the 7 hour round...rosa parks is rolling over in her grave.
ReplyDeletewell well well
ReplyDeleteare 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!!!!!
ReplyDeletewhat 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??
ReplyDeletethis 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
ReplyDeletei'm only a professional ping-pong player
ok....back to the beach.....lots of nonage there
ReplyDeletePS......havin a great time.....thanks jim!!!!!!!!!!!
hint hint...no vacation complete without the trim.
ReplyDelete..$3.55 gas coming
ReplyDeleteso to paraphrase Bud, "the elephant herd is leaving that well-stomped, muddy bear waterhole and heading for the fresh bullish one across the Serengeti."
ReplyDelete"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".
ReplyDeleteIconoclasts have iPhones.
I guess being a golfer is sort of a badge of a conformist, though.
;-)
I here that Bunktini a callin sir..lol
ReplyDeleteYes, if it's Friday, it's Martini Time - the World's Finest Martini.
ReplyDeletePlus a circus dog party.
MOOOOOOOOOOOOOOOOOOOO!!!!
ReplyDeleteenjoy men