The bears and dip buyers are still playing a hard game of piing pong. That's good for traders, but investors hate being bounced around. Watching the pros play is better. I am still waiting for better time or price to add to Obama Fund. Perhaps I have some (temporary ?) immunity now for buck fever.
Doing nothing.
Timmy's bad asset purchase plan is collapsing. What a surprise! It was too complex by far. It they want to buy, just start bidding.
Word of the Day
"Bastinado" - verb and noun [$10]; a Mencken word
Bastinado means (noun) punishment by beating with a stick the soles of the feet; (verb, transitive) punish a person in this way (-oes, -oes). [from Spanish bastonada from bastón - baton].
Sentence: Comrade Obama's method of restructuring a company seems to be to bastinado the bondholders to extract money for his labor union pals. Hmmm ... extracting wealth from the bourgeoisie for the proletariat ? Where and under what system was that a standard operating procedure ? The Soviet Union.
Le Mot Du Jour
"Avoir du mal" - an expression of the common verb, "avoir", which is conjugated in it.
Avoir du mal means to have difficulty with or (+ à faire ) to have trouble doing something.
La Phrase: [from Le Monde] La Chine a du mal à côntroler son allié nord-coréen. Hmmm. Veut-il le côntroler vraiment?
Sentence: China has trouble controlling its ally North Korea. Hmmmm. Does it truly want to control it?
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38 comments:
April Durable Goods Orders +1.9% vs +0.5% consensus, prior revised to -2.1% from -0.8%
08:30 ECONX April Durable Goods ex-trans +0.8% vs -0.3% consensus, prior revised to -2.7% from -0.7%
Whither went the recession ?
or depressflation ?
"The million-dollar question is whether the market will simply consolidate for a bit before it gains the strength and traction needed for another leg higher or whether we're reaching the peak and starting to roll back over. "...nono the 6k question...thx jim
gosh, in short, the market will eventually go up ... or down.
Such genius.
that is excellent analysis from "jim"....Bud I see what you mean son....
Men may I shift your attention to the National Spelling Bee on ESPN....
Bunkerman you can turn off CNBC for a few minutes, cant you?
Bunky the big secondary BAC 11 handle just busted after massive upgrades and price bumps...keep some powder dry...the streets cred just took a kbar to the sack...one ball bull indeed.
uh ... Street cred ? Everyone knows analysts gets paid to pump stock sales.
Only an imbecile would believe them.
Hmmm maybe that proves a point ;)
Powder is dry on 1/2 of new skim.
My temperature is normal ... no buck fever.
I don't watch Toshvision anymore, mfl. I do leave Blaberg on mute.
durable goods level is about 12% below the first quarter's average, indicating another decline in capital spending for the current quarter...that's good...ex-trans hogwash.
ace i'm not too concerned about my handicap right now............my fundamentals were very poor.........it's a miracle i am able to shoot in the 90s
i am overhauling my swing completely..........and dave pelz short game clinic for 3500bux seems likely in august
danke vielmals jim !!!!
Bman what is your take on yields skyrocketing ??..........Ben has played his quantitative easing hand..........bond vigilantes have countered
what is your advice to Ben for his next move ??
oh frosty ... Q1 is getting revised way down so Q2 will be up, indicating end of recession.
Then press will declare Obama to be a god.
i did shoot 86 at 1 of my Red tail rounds............i'll be back in devens this summer sometime
tanks........what a sight !!!
just keep doing what he's doing.
10 yr yields around 4% are fine; 30 year around 5%.
Sheesh, people griping about 4% ten year money. What a world !
Core inflation around 1.5% LT + 3% real yield = 4.5% LT rate
It's impossible to keep them lower any length of time without a panic, like we had and is ending.
Mrs. B bought LOW and SU and added to CPB. At around 10AM - good eye.
Nothing big.
Those are for Sky Fund.
"i am overhauling my swing completely"
oh my oh my...Feb 2010 can't get here soon enough....
wait a minute ... I thought you were almost a semi-pro ? With those new clubs & all ?
Sounds like the game collapsed.
opec targets mid-70's, 3 handle gas coming to a station near you...lisa and oliver maybe hitting the riviera but the ziffel's will be staying home..."Lodging Sector upgraded at Goldman Sachs" bunker logic back at ya...ppffttt.
Bman you see this.............frightening stuff
http://bloomberg.com/apps/news?pid=20601087&sid=aIeLg1djbBps&refer=home
or is marc faber just.....ummm.....'serving his beefer masters ' ?
marc faber IS a beefer.
He's a Swissie .... they luv gold.
doomsaying pays nowadays.
They are bidding for teh most awful, bearish comment.
US hyperinflation is not going to happen. The 1970s still burns in peoples heads and that was just 15% or so inflation.
Maybe in 50 years when the lessons are forgotten ...
"Zimbabwe’s inflation rate reached 231 million percent"...where US is headed, yeah that sounds about right...oh man, constrictive turban wrap indeed.
Bud its a bull market...wake up son...
Bunkerman certainly as rates on the long end keep creeping higher, your bullishness must ease...what is Ben's next step? His half-assed effort to jawbone/buy Treasuries is not working...
It's working fine. He's not a big buyer of the 10's anyway.
Sheesh, corporate rates and high yied rates are way down.
Companies are issuing hundreds of billions.
What is there not to like ?
Rates must go up as the economy improves. Companies can make plenty of money at 4% 10-year UST IFF spreads go to normal levels.
This always happens at a bottom.
Yes, Virginia, Bman does have a memory of cycles dating to the early 1970s. Learning all those languages helps.
as mortgage rates move higher, wont that put a crimp in your "housing bottom" thesis?
geez, in my lifetime, a 6% home mortgage is a godsend.
sheeshh ... how spoiled.
we live in different times sir....
until housing becomes more affordable for the masses, there is no bottom....
.remember money markets were getting like 18%???..loool
sure as shit do spin!!!..pfftttt EAT ME!!!........
somehow I bought this house with a 13+% loan.
with prices so low, people can afford a 6% mortgage.
different times ... true ... in 1981 we had Reagan ... Today Obama. Ugh.
I just told my plumber he had a good job - can't be replaced by some guy in China.
Maybe a robot in 100 years.
best trader I know said "92' june/july hellacious"...think about it
robot plumber?????
Wilkinson's got a bite on a new one.. Petramco Corp. Out of, hu, Springfield. I think. They're about to introduce some sort of robot butcher.
A robot butcher?
Shhhhh. If you want to get in - there's very little time.
lol Spin ... remember 100 years ago was 1909 ... hmmm. lotta tech changes since then.
Robot technology is building a base.
And IFF the robot was connected to a Chinese guy who could see through the robot's eyes, etc. it's feasible.
Handy Robots, Inc. at your service. Based in Nanking, China.
We fix it, cheap.
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