Monday, March 23, 2009

Spring comes

At long last, Spring has arrived - at least astronomically, as the vernal equinox occurred Friday morning. The crocuses are coming up as are the daffodils. Afternoon temperatures here crawl up to 50F. But there are still winter risks around as overnight temperatures still fall to 20F.

At the risk of being wrong again, I wonder if a new bull market has begun. Who is left to panic ? Companies with cash are buying beaten up firms. China is buying up resources at cycle low prices. A WSJ story over the weekend reported multiple bidders for homes in some California locations.

Obama got stuffed by Iran. Perhaps the Bloviator might now realize Iran plays by its own rules, which its leaders believe are divinely ordained.

Timmy introduces his asset purchase plan this morning. I await the details. I surmise that he will use the rumored $100 billion of government money as a first loss position to get private equity for another 10% equity, and then get a 1% nonrecourse loan from the Fed for the remaining 80%. Private equity would control the bid prices. The government would share in profits pari-passu. This is my guess (and how I would try to structure it). Details later this morning.

Obama Fund is fully invested at 150% long. Fido Fund is fully invested at 150% long. Krypto Fund needs new money in April to top off its stock and real estate investments. I expect Krypto Fund will be a buyer of stocks & real estate all year as new money flows into it.

Word of the Day

"Risible" - adjective [$10]; DO NOT confuse with irascible.
Risible means 1. a. capable of laughing; b. disposed to laugh; 2. arousing or provoking laughter: FUNNY; 3. associated with or relating to or used in laughing.
Sentence: We don't need a risible plan out of Timmy - we need a workable one.

Le Mot du Jour

"Lueur" - noun, feminine
Lueur means glimmer, (faint) light, glow
La Phrase: L'homme du bunker voit une lueur d'espoir qu'un nouveau marché haussier à commencé ce mois.
Sentence: Bunkerman sees a glimmer of hope that a new bull market began this month.

59 comments:

Bud said...

mark mobius says the new bull market has begun

Bunkerman said...

I guess he reads this blog.

;)

Bunkerman said...

I wonder how long it takes the beefer bears to roll out their marionette, Molotova.

Bunkerman said...

I'd guess at 3PM to coincide with a bear raid.

mfl59 said...

Obama's last words to Fast Timmy this morning...."Now dont fkk it up again you half a fag"

Bud said...

a good sign that things are getting better.............the last couple times the arsonist appeared on tv.........the market had no reaction

Bud said...

i'll check later...........but did i see a headline somewhere that A-fraud connected to a madam ?? client # 155 ??


i miss A-fraud


PS....why 155?? cuz that his batting average in october

Bud said...

swing already improving


new purchases this weekend.........


callaway u-pro gps = 379bux

cleveland cg-12 wedges 50 and 54 degrees = 225bux



'thanks jim'

Bud said...

ummmm......last lesson


we spent 20minutes on my grip .......lmaooooooooooooooooooo



'400bux for 5 1hr sessions'

Bud said...

didn't get to CAB


but that is still happening...........i will be locked and loaded for the coming depression



PS......Bman i shud take some beginners lessons for firearms....correct???

Bud said...

'ops expo'



pfffffffffffffffffffffffffffffft

Bunkerman said...

Yes, take some lesssons. This is one "sport" that one should not self-teach.

Bunkerman said...

glad to see you are supporting the economy buying some durable goods, Bud.

Bunkerman said...

tlaking to my local gun shop owner a couple days ago, he said ammo, guns are flying off the shelf. And now hard for dealers to obtain to sell.

His distributor told him to quadruple ammo prices.

Spin-em said...

Happy days are here again
The skies above are clear again
Let us sing a song of cheer again
Happy days are here again
Altogether shout it now!
There's no one who can doubt it now
So let's tell the world about it now
Happy days are here again
Your cares and troubles are gone;
There'll be no more from now on
Happy days are here again
The skies above are clear again
Let us sing a song of cheer again
Happy days are here again

Bunkerman said...

a great song from the early 1930s, spin.

Bunkerman said...

Perhaps it will replace, "Brother Can You Spare a Dime?" as the Song of the Market.

Spin-em said...

quadruple ammo prices.

OLN makes ammo for Winchesters bunk

tejasjeff said...

Ammo is most certainly in short supply here. And that is saying something in Texas where u can buy it by the pallet at gun shows. Small pistol (380,9mm) particularly short. Moot point for me ,I have enough to take an hold a small Dutch province for a day or so......

Bunkerman said...

I know, spin.

Ditto fo rme, teja - I stockpiled for all my firearms about a decade ago.

But for .308, I only have about five years supply as the 1919s, 1917 and '60 do use a lot.

Spin-em said...

ohhh ok....didnt see it in the Obama fund

Spin-em said...

mfl will be happy to hear Vince bullish

mfl59 said...

Yes Vince Farrell is a really sharp guy...Bunkerman I suggest you give him all your $ to invest...

I mean....has this man ever been wrong?

Frosty said...

hhhmmm...aazzhead in the market for ammo...is that a top...I think so.

Bunkerman said...

re OLN: I don't own it, but I know they make ammo, among other things.

Bud said...

'i think so'

listen you prick.........don't steal my lines.....you don't know jack

anyway........i don't need no ammo to ....ummmm....


'knock your teeth out'

Bunkerman said...

the problem is that the Military is sucking up all the excess ammo capacity, probably with contracts, so I'm not sure how much OLN would profit.

Another cause of ammo shortage is restrictions on imports of military surplus of other nations.

It's a trade.

Bunkerman said...

forgot to include in post: Fido Fund is 150% long, too. Amazingly, it's up nicely for the year.

Spin-em said...

ATK is military upper right to lower left...think BO cutting

OLN lower left to upper right think WOLVERINES!!!!

Spin-em said...

lmaoooooooooo ATK upper left to lower right

cant do mfl's boy Gartman joke rightht

mfl59 said...

Bunkerman may I assume you are locked and loaded in BX?

Bunkerman said...

I have no BX.

Bunkerman said...

My fins are Fido: JPM, HBC; Obama CIT, MS, FCT

tejasjeff said...

No kraut belt feds Bunkerman?

tejasjeff said...

About ATK Armament Systems

Headquartered in Utah, ATK Armament Systems is the world’s largest ammunition manufacturing entity generating approximately $1.5B annually in sales. The organization manufactures small caliber military ammunition, medium caliber military ammunition, medium caliber gun systems, rocket motors, ammunition propellants, commercial and military smokeless powder, law enforcement and sporting ammunition, ammunition related products and is the operator of two U.S. Army ammunition manufacturing plants. The organization employs approximately 6,000 people

Bunkerman said...

no, I mainly stick to US, uzi being exception.

Bunkerman said...

for US there are plenty of parts, and that's enough for me. More would be hard to take care of.

Spin-em said...

the operator of two U.S. Army ammunition manufacturing plants.

one of those in gmacs hometown....I saw his application..lol

Frosty said...

YHOO hcp in free fall...purchases justified geithner style...if your not cheating your not trying.

Spin-em said...

aazzhead in the market for ammo

LMAOOOOOOOO I just saw that

Spin-em said...

Donny D?...wheres your lemon Easter bonnet and white gloves?

Bud said...

'yhoo hcp freefall'


lmaoooooooooooooooooooooooo


ummm.......well........that's true......ya....a rangefinder and new wedges will stop that

Bud said...

what's the matter spin ?? you gotta f'ng private email


"come on bro......you ain't laughin at my shit.......no more ops expo open interest spreadsheet for you"


ass-kissing douchebag

Bud said...

sorry spin.............that was a bit harsh..........and un-called for


'call off the dogs'

Spin-em said...

ballllll four..outside

youre losin it Tiant

lmaooooooooo

mfl59 said...

Bobby Jones played with wedges that had hickory shafts....he used the 100, 150 and 200 yard marker as his gauge for distance...

Spin-em said...

Buddy Jones....150 5 iron

Bunkerman said...

rangefinders are useful for sniper work over 300 yds, too.

mfl59 said...

why does Timmy have marbles in his mouth?

tejasjeff said...

Is this Bud the Florida/FT lauderdale Bud?

Frosty said...

Bunky...so your stupid rich freinds from the club rush back to their now govt funded beefers ...they are so under invested going into month end...guns blazing indeed.

Spin-em said...

NTRS,AIPC op ex play...waaaaaytagobob!!!!!!

no wait.....smoooooooooch

LMAOOOOOOOOOOOOOOOOOOO

mfl59 said...

840 is 540 degrees up from 666...in case any of you guys were wondering

Frosty said...

"Rev Shark Will Return Later in the Week"...sitting tight on my 100 SDS shark market timing fund, only down 30%, lots of cash...sitting on pin and needles until your return...thanks Jim.

Bunkerman said...

end of quarter, too, frosty. They have locked in permanent under performance, perhaps ?

Also, being near EOQ, this might signal the hedge fund liquidations are over.

Bunkerman said...

jeez, mfl ... in that some Mayan bs ... or a Gann wheel, or ?

Bunkerman said...

the public liquidated, too. As did all the listeners to Lemberg ... ooops, I mean Limbaugh.

Frosty said...

what is that sucking sound...SKF breaks par...oh my, LONG LIVE THE SKF KING.

Bunkerman said...

When is Molotova coming on ?