Coppers prices crack through $2/lb on the upside.
Obama Fund is in the green again, but Fido Fund is crushing it.
FYI, Obama Fund contains high risk stocks chosen from industries that have done well in the past coming out of severe recessions. The principal selection criterion is a potential to rise by 3x on a "return to normalcy" in 18 months.
Fido Fund includes my old favorites, principally in the resource sector, plus select technology and banking stocks.
Both funds were red a month ago. I added some to their positions then, and trimmed some last week in Obama Fund.
By the way, Obama Fund is so named as it requires Obama's his success in reviving the economy (or at least not screwing it up) for the Fund to succeed. Fido Fund is named after my old dog, Fido, whose name means "loyal", hence it includes my old favorite stocks.
I group my stocks this way to evaluate the strategies I'm using in these speculations.
That's DC. WSJ reports Larry Summers received almost $3 million in speaking fees from hedge funds. These looters in DC seems to have no shame in accepting what are obviously bribes. I suppose the chances of real regulation of hedge funds is rather dim. Summers and Shapiro and the clique will probably kill it quietly, unless France and Europe keep pushing hard. Sigh ... here I am hoping for France to provide some leadership for the US. What is the world coming to ?
North Korea, etc.
That gangster state tests its ICBM program. China and Russia seems unwilling to do anything. Of course, they are not threatened yet and like to see the US and its allies worry. This is why Russia opposes European anti-missile defenses. Russia supplies Iran with nuclear technology and probably missile technology to make money and likes to see the US squirm. But then Russia squeals when the US acts in defense of Europe.
Russian leaders like Putin and Chinese communist leaders seem unable to think outside the box, viz. the old cold war confrontational behavior.
Word of the Day
"Confraternity" - noun [$10]
Confraternity means a brotherhood, especially religious or charitable.
Sentence: The confraternity of DC leaders, regulators and the rich, moneyed crowd seems pervasive in the Obama administration. Is there any one person in it who has not fed at the hog trough ?
Le Mot du Jour
"Assouplir" - verb, transitive; regular -ir conjugation
Assouplir means to soften, to relax, to make supple.
La Phrase: L'administation d'Obama assouplira bientôt les sanctions contre Cuba.
Sentence: The Obama administration will soon relax the sanctions against Cuba.