Friday, February 20, 2009

Smart Investment

Not mine. I'm writing about China ... again.

FT: "Brazil and China signed a landmark agreement on Thursday that will ensure long-term supplies of oil to China while delivering much-needed financing to help Brazil develop enormous reserves of oil and gas recently discovered in its coastal waters. ... Petrobras, Brazil’s publicly traded but state-controlled oil company, will supply China with between 100,000 and 160,000 barrels of oil a day. In return, China will supply loans of up to $10bn (£7bn, €8bn) to help Petrobras and its private-sector partners develop the so-called “pre-salt” fields."

China is also build lots of nuclear power plants.

Meanwhile, Barry and Nancy are hitting the bong, listening to "Green Tambourine" and sipping green tea, and listening to their green yogis bloviate about "global warming'. And investing in "green energy". What fools !

Meanwhile, in Europe ...

[FT] "Members of the European parliament walked out in protest on Thursday after Vaclav Klaus, the Czech Republic president, said the institution suffered a “democratic deficit” and likened its workings to those of eastern Europe during the communist era. In his first address to the parliament, Mr Klaus characterised the institution as one that alienated voters and offered no credible opposition. He argued that decision-making powers should be pushed out of Brussels and back to individual member states.

"Mr Klaus said: 'Here, only one single alternative is being promoted and those who dare thinking about a different option are labelled as enemies of European integration. Not so long ago, in our part of Europe we lived in a political system that permitted no alternatives.' "

He does have a point. The bureaucrats running the EU do seem afraid to hold real elections and to create a representative United States of Europe. They don't want nations to hold referenda on ratifying the Lisbon treaty.

Otherwise, it's more of the same whining and handwringing. By the way, the problems in Europe show this is not a purely American problem.

Markets

They still have the flu ... or is it pneumonia. ? Or ???

Today is option expiration day, so anything can happen as the beefers fight it out.

Yesterday I did a small asset allocation trade, taking some excess cash and buying the VNQ - a Vanguard real estate trust index fund. My real estate holdings were below target allocations by quite a bit.

NYTimes suspends its dividend ... so the spoiled rich & powerful will now bear some of the pain they love to pontificate for the common man.

Word of the Day

"Repine" - verb, intransitive [$10]; from the card file.
Repine means 1. to be discontented or low in spirits; complain or fret; 2. to yearn after something.
Sentence: Some leadership out of Barry might help the stop the endless repining of the ruling classes - woe is us ! - and motivate positive actions to rebuild the future.

Le Mot du Jour

"Maladresse" - noun, feminine.
Maladresse means 1. clumsiness, awkwardness; 2. tactlessness. Examples: Quelle maladresse ! how tactless ! Maladresses de style - awkward or clumsy turns of phrase.
La phrase: L'adminstration d'Obama montre de maladresse par ses premières actions.
Sentence: The Obma administration shows some clumsiness through its initial actions.

64 comments:

Bud said...

A-fraud............another lie


what type of a person is a fan of his ?? what a lowlife dirtbag

Spin-em said...

Arod and Bud

Did I ever tell you you're my hero?
You're everything, everything I wish I could be.
Oh, and I, I could fly higher than an eagle,
'cause you are the wind beneath my wings,
'cause you are the wind beneath my wings.

Fly, fly, fly high against the sky,
so high I almost touch the sky.
Thank you, thank you,
thank God for you, the wind beneath my wings.

mfl59 said...

"What Alex Rodriguez stated at the press conference [in Tampa] doesn't make sense," Veras said. "It is important for us to clarify that such substance has not been registered and is not currently registered for legal sale in Dominican pharmacies -- not now and the same applies for the years 2001 to 2003."

Bunkerman said...

uh ... spin ... it's a little early to be hitting the bong

;)

Spin-em said...

loooooooool no bongs for me Bunk..Im Sunboy...high on life

mfl59 said...

Timmy are you coming? what the heck are you waiting for? its expiration friday sir... oh for GS to cover their shorts? ok thanks....

Bunkerman said...

January CPI y/y 0.0%
January Core CPI y/y +1.7%

Bunkerman said...

ah so, I did think it was a parody of others

;)

mfl59 said...

I wonder if Leisman has a picture of Obama above his bed where he...uhhh....well....ya know...

Spin-em said...

Arod...who wants to kill himself for $$$??...endless..Jim Leyritz who killed somebody drivin drunk and continues to do so in buddy's backyard?...nutten..pffttt

Bud said...

spin = johhny damon ????


what would have been worse johhny ??

"murder"


lmaooooooooooooooooooooooooooo

Bud said...

losin his ass ?? ops expo spreadsheet ???



yeah bob.............i really want that spreadsheet.........please email it to me asap


gimme a f'ng break !!!!!!


pffffffffffffffffffffft

mern said...

Meanwhile, Barry and Nancy are hitting the bong, listening to "Green Tambourine" and sipping green tea, and listening to their green yogis bloviate about "global warming'. And investing in "green energy". What fools !

MVP MVP MVP

gud one!

mern said...

whats cute is C and BAC still have bids

mfl59 said...

what a call by Meredith yesterday on C....brilliant!!!

mfl59 said...

Bunkerman you start smashing bids in gold at $1000 again I'm going to have to enter the bunker and request a wrestling match...

Spin-em said...

arf arf arfarf

Whats that Lassie??

arfarf

Timmmmy????

arf arf arf arf arf

Where is he??? He's missing

arfarfarfarf

He fell own the well??

arf

GO Get him boy!!!

Frosty said...

hammering hank would not have stood pat today...a bluff on the river perhaps but he would be shoving chips in the pot today...TIMMAAYYYY nonono playyyaa.

Bud, I feel your pain...nothing wrong with getting crushed...I'm here for ya...a cry for help.

I think so

Frosty said...

uh mern...that is your team on the feild...you forfeit your MVP vote sir.

Spin-em said...

no trades in 13 years???..trader tax??..pffftttttt

mfl59 said...

Hammerin Hank kinda like the Sammy Farha of the Treasury....Geithner more of Howard Lederer...

Bunkerman said...

I'm not selling gold here: bought some at $750 and silver at $11 - waiting for maybe 12-1500 gold, silver back to $20.

The miners seem behind the metal. with fuel costs down, they should make good $

mfl59 said...

do you own BHP Bunky or just FCX?

Spin-em said...

Barry..Phil Ivey wannabe
Timmy..Phil Hellmuth behind doors

mfl59 said...

Barry more of a Mike Matusow...always running his mouth

Bunkerman said...

I have BHP, too.

mern said...

book to bill is .48, NICE.

10.7 bil outflows in mutual funds.

i remember back when we called it a quotron, and we were debating the book to bill in 96.

when a dinosaur came over to us pikers and uttered? "what the hell r u doing, u aint on the phone!"

"we r discussing the book to bill ratio"

"u want to understand it? ok, call a client and book a trade in his account, then send him a bill!!!!!!!"

he used to call me up until 2005. "hey u have the internet on?"

Spin-em said...

either way Barry's ALL IN....lmaooooo

Spin-em said...

Palin/Santelli 2012..ROFLLLLLLLL go ahead mern

mfl59 said...

GE next for a bailout?

mern said...

santellis poop has a higer iq than the entire palin family.

Bunkerman said...

All these companies loved the stock buybacks at high prices.

What an EPS + options scam those proved to be.

mfl59 said...

no way they elect an Italian-American in this country pal....no way..

mern said...

" U AINT EVER EVER GONNA SEE A BLACK PRESIDENT!!!!!!"

chris rock, 2005.

thats how bad dubya was!

Spin-em said...

no way they elect an Italian-American in this country pal....no way..


loooooooooooool

Spin-em said...

JEB/SANTELLI 2012.....I think so

mfl59 said...

I'd like to see Lzzrd/Obama one on one....for the pride of Chicago....I feel Lzzrd could really muscle him up in the post...

Bunkerman said...

No more Bushes nfw

mfl59 said...

cheers men....wear the hat with pride...$1000 indeed....

did anyone get their SPX 500 hat in the mail yet?

Spin-em said...

loooooool...I dont think we have to worry about that bunk

Frosty said...

Mr Hunt macro call of the year...well done Skip....MVP

Spin-em said...

"well done sir"..Rusty Staub would be proud

mfl59 said...

Melissa Francis used to be good...until she caught this "i will scream out my ideas" disease that is permeating cnbc

Bunkerman said...

Geitner sure created a monster with this nationalization talk.

mfl59 said...

Geithner just beat Hank in squash 21-13 21-17.....now he's meeting Biden for a couple carbombs at O'Reillys Tavern on K street

Spin-em said...

looooooooooooooooooooooool carbombs

maverick said...

Biden only drinks
Manhattans "neat"

Bud said...

squash


lmaooooooooooooooooooooooooooooo

Frosty said...

Bunky...what is up with these insurance companys...as I dry my tears with stacks of unopened 401k statements, I thought I would at least be worth something dead...nonono hope indeed.

Spin-em said...

capitalism "should" survive in most respects??..huh?...Gunny thinks this is a clusterf**k

mfl59 said...

markets are collapsing worldwide....I feel now is an excellent time to enact a tax on all financial transactions...what a fine idea...

mfl59 said...

John Bogle must be one of the biggest jerk-offs in the world today....sorry for the language Mrs B

Bud said...

jim murio just said trading of 'ops expo' is a fools game

i would add........also a faggots



PS.....still wanna be friends ???

Bunkerman said...

Frosty, I've never understood insurance companies.

But they were likely big buyers of CMBS. Many insurance companies eliminated their mortgage departmetns and concentrated all their buying into the highly rated tranches of CMBS.

I suppose "someone" is afraid of losses or try to find new victims for a panic.

Bunkerman said...

I'm starting to think this administration is a cluster FUBAR.

mfl59 said...

lmaooooooo jim murio

oh well then it must be true

Bud said...

yes jim murio = professional options trader


frosty = professional jerbels trainer


PS....still wanna be friends ??

mfl59 said...

"jim" also despises options expo...

must be the name

Frosty said...

friends indeed...wouldn't have it any other way lil buddy...every group needs one aazzhead.

Spin-em said...

MOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!

how ya doin Spike??

good weekend boyz

HEY JUICEBAG!!!put the bottle down Leyritz.....

Spin-em said...

AROD...snfffff..... you lied..WAAAAAAAAAAAAAAAAAAHHHHHH

Bunkerman said...

Spike is doing well, as bossy as ever.

Spin-em said...

good to hear bunk

Frosty said...

hang in Bunky...enjoy the weekend...bunkerboyzz, always a pleasure.