I see the pop up in stocks last Monday got hammered down. The S&P 500 chart now look like it wants to make an intermediate term A-B-C correction pattern bottoming around the 50 DMA at 850, maybe in a week ot two. Fine. I'll wait until that point or time to add to the longs in Obama Fund to get it to 150% long from the current level of about 125% long.
Fido Fund is still at 100% long. I'm noodling over adding there.
From comments here and conversations with some readers, I think that the "Good Music Theorem" needs some examples. I'm preparing a top 20 list of my favorite songs, and am even making them into a playlist on my Mac. For today, I'll provide two.
First is "Will You Still Be Mine?", a super song performed in 1941 by Connie Haines singing with the Tommy Dorsey band. The writers were professional songwriters Matt Dennis and Tom Adair. I think the lyrics are some of the best ever done. Here is a link on YouTube -> http://www.youtube.com/watch?v=t1mBU-GpFGE
Second is a favorite from the Depression years. "Happy Days Are Here Again" was a huge hit and become the campaign song of FDR's 1932 campaign for President. The song is the unofficial theme song for the Democratic party now. The lyrics are fun and the music is bouncy. Here is a YouTube production using a recording of Ben Levin and his orchestra -> http://www.youtube.com/watch?v=gqsT4xnKZPg This song and video are awarded the honor of being the official song and music video of the Obama Fund. If you watch to the end, you'll see Barry with a fine s***-eating grin. Such a fine vulgar Americanism, that word, s***-eating. I'm sure it makes pompous grammarians and anglomaniacs cringe.
I'm now reading "The American Language" by H. L. Mencken, in which he lays out the development and opposition to the creation of a true American language, as distinguished from English. For now, American creation of compound words and expressions is one element of its divergence from standard English. I completed a pushy survey over the weekend for the Commerce department for my businesses. It asked the language in which I did business. "American" was not one of the choices, so I checked "Other". Yes, I am contumacious.
Word of the Day
"Carboy" - noun [$10]; a Mencken word
Carboy means a large globular bottle usually protected by a frame, for containing especially liquids.
Sentence: Perhaps GM bondholders should order a carboy of vodka to drown their sorrows as Comrade Obama guts their rights and steals their value in his piratical "reorganization" of that firm with his union gang buddies.
Le Mot du Jour
"Étonnant, e" - adjective
Étonnant means surprisingly, amazing, astonishing.
La Phrase: Il sera étonnant si quelqu'un prêterait au GM à l'avenir.
Sentence: It will be astonishing if anyone lends to GM in the future.