Living here in northeast Massachusetts, the question should be taken literally. For two weeks it has been cold and rainy every day. My small yard will soon be a mushroom patch. At least I live on a hillside, so flooding is not a worry. My position was well-selected for defense against man and nature.
Listening to financial news, that question takes on sardonic meaning. Bad news is met by renewed gloom. Good news is re-interpreted as either bad or merely temporary. Pundits and some Nobel laureate economists look for a new wave of weakness upon any positive uptick.
Let's look at few facts - from FT, of course.
"The global downturn appeared close to a bottom on Wednesday after manufacturing figures from across the world suggested the worldwide recession was running out of steam in all big economies.
"The welcome news comes after nine months of the sharpest contraction in global manufacturing output since the second world war and a dramatic plunge in world trade as buyers of capital goods and consumer durables effectively went on strike. ...
"The June data on Wednesday came from a series of surveys of purchasing managers in the manufacturing sector, the area of the global economy hardest hit by the recession. Although the headline figures were positive only in China, the manufacturing output element of the data was positive in the US, the UK and Japan as well. "
I suppose I'll be accused of data mining. If so, it's a world-wide mine.
Markets
Yesterday was a typical day. Real buyers stepped up early, trend-followers piled on, some shorts covered. Then real buyers used patience and the beefer traders bailed and a few shorts became bold. A solid gain, if unimpressive. Beefer antics are tiring.
Word of the Day
"Salacious" - adjective [$10]; an old one from the card file
Salacious means 1. arousing sexual desire or imagination; 2. lecherous, lustful
Sentence: The salacious behavior of another Bible-thumping Republican politician is symptomatic of the decline of that party.
Le Mot Du Jour
"Chômage" - noun, masculine
Chômage means unemployment.
La Phrase: Le taux de chômage haussera aujourd'hui.
Sentence: The unemployment rate will rise today.
[By the way, when I'm unprepared, I fall back on French as it's my best foreign language.]
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83 comments:
Bman sure is a pollyana
Maybe a Cassandra ?
the SEC may be doin some things right after all.............they had a meeting yday regarding 'celebrity' and 'multiple' board members
what makes an actor or an athlete a good director ?? nuthin ........and how can one serve on 6 boards and serve shareholders....they can't
another thing i'd like to see the SEC look at...................board members and the ceo should not be friends..............the ceo shud be terrified of the board
not sure what the outcome of the meeting yday was..............but at least it's a start
scum sucking and jizz swallowing and manbeaver licking yankee fans gave dirtbag wife beater A-fraud a standing ovation yday
and that pedophile michael kay goin nuts as if Afraud won the world series....................memo to michael kay : Afraud and the yankees will never win the world series.........period
yankee fans are all fags........every single one of them.............and the women are all gonnorhea infected whores...........every single one of them
'conduct ourselves like gentlemen'
did i just mention Afraud and world series in the same sentence ??? did i really do that ?
LMAOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
Bman is today's jobs # a backward looking number ??
can the number be -400k and the recession still be over ? is that what pollyana......ummmm......i mean cassandra is saying ?
Bunkerman I don't think whether or not the world economy has bottomed is relevant...I think it is what happens going forward that really matters....
What is the new "normal" growth rate after years of growth fueled by insatiable ($10) debt? How can an economy so dependent on the consumer for survival move forward when the average consumer is still over leveraged and losing his job? How does Mr. Bernanke manage to extract the liquidity that he has pumped into the economy? How much longer can we live with zero percent interest rates?
insatiable is a 10dollar word ?? huh ??
where you go to school ace.............devry institute of technology ?
no sir...ITT tech
Bunkerman...is the stock market gambling??
is the "new normal" like "it's different this time"
Hmm when did I hear that before ?
1999
unemployment is a backwards looking nuumber.
Stock market is NOT gambling. Not even day trading is gambling.
Nor futures trading.
Nor derivatives trading.
Well, Spin, thanks for the fat pitch.
nononono....that seems too easy Bunkerman....a bit too pithy ($10) for my taste...
unemployment is lagging...yes...you must watch cnbc...because thats all they ever say....pffftttt....
The recession is over!!!
We only lost 467k jobs!!!! Unemployment only 9.6%!!!!
Spin sound the trumpets!!!
Santelli is comical....
pffttt....wasnt even a pitch.......looooool....with so many."investors underwater....how can they get ahead or even?......as we rise...some take money out close to even....some stop putting money in......dont we need everyone in doing the same ol same ol to get to a new high or even?...Isn't it like the law of large #'s? like rolling a die....the less you roll(players in 80/90's)....you can average higher or lower..but the more you throw(everybody is in market now)....the average flatlines at 3.5?......DOW 6k to 14k......10k +/-flatline for years/decade at best?
all this lagging talk...pffft...just take a walk out your bunkers and talk to the common man...TODAY...he is pinched...and it ain't getting better
15 day low close
DIA 83.03
Q's 35.00
SPY 89.28
Bman you feel like marshall will kane this morning ?? these bunker punks ganging up on you
of course will did emerge victorious in the end
No problem ... I can take the heat.
As far as everything being bad, how is it that 600K peopl efile unemployment cliams every week, yet for the entire month of June, "only" 467K jobs are lost.
It's always darkest before the dawn.
btw, I would not be a hero here .. these AM selloffs lately have a history of escalating.
leave the trading to us.....(chin music)..lool(kiddin)
I do that gladly, spin.
"I am not a trader"
Conozco amigo
you call these bear rants ppffttt...amatures...we need perspective from a true hard luck charlie...the stage is set, the spotlight is on...MERN, just one your old times...promise Bud will give up the old reach around, nonoo cockblock.
Kevin Bacon
ALLL IS WELLLLL...ALLLLL IS WELLL!!!
(steamroller)
Bud how did your lesson on alignmet go?
Did the "pro" teach you to align yourself in a tea bag like fashion for "jim"?
Bunky here is a link to bill gross july letter....RIP Mern.
http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2009/Investment+Outlook+July+2009+Gross+Appetit.htm
I think he is saying...well...you're not all that smart, a fool perhaps.
It seems a bit Ameri-centric thinking.
Spending by lawmakers on taxpayer-financed trips abroad has risen sharply in recent years, a Wall Street Journal analysis of travel records shows, involving everything from war-zone visits to trips to exotic spots such as the Galápagos Islands. The spending on overseas travel is up almost tenfold since 1995, and has nearly tripled since 2001, according to the Journal analysis of 60,000 travel records. Hundreds of lawmakers traveled overseas in 2008 at a cost of about $13 million. That's a 50% jump since Democrats took control of Congress two years ago. The Journal analysis, based on information published in the Congressional Record, also shows that taxpayer-funded travel is a big and growing perk for lawmakers and their families
I suppose the same thinking was common in 2002, 1974, 1938, 1932, etc., that it was different then, too.
Look at the 100 year wall chart.
growth off of a collapae is not linear or even expoential, but is a giant step up.
Things quickly go back to where they were a few years earlier, once the panic ends.
lol, thanks mfl ... hogs at the trough.
yes they really feel the plight of the common man in Washington...bunch of dirtbags...
Bunky...skim diversification takes planning...a torch and pitchfork boutique...think about it.
Bud another holiday...3 days all alone...hibachi burgers for one on the deck of the ghetto condo...getting the klan together for the big 4th blowout, always have room for one more.
friday night strawberry shoppin (s------igh)
AROD... take Kate out tonight pal we got your back.....
for a hater....Bud sure does watch the Yanks alot..
Michael Kay indeed
come on over to mike's...Dad has a new big screen...no clicker...Ch 631 all he needs
its either Fox News or the YES network over there....he hates Girardi...loves Jeter...hates Alan Colmes...loves Glen Beck...comedy
I hate Girardi too...Torre lite if yo ask us(me and pop)bet he wanted a Bowa yeller type..get those softies off their azz kinda thing...lool ask him
His two gripes with Girardi...in his words...
"they need a manager they respect...a guy who can get them going (as you said)"
"he is a moron"
lmaooooooooooooooooo
my brother who is a yankee fan always makes fun of me............."you always watchin the yanks........
yes i do............i'm not ashamed or embarassed to admit i love watching the yankees lose more than watchin the sox win
i hate the f'ng yankees !!! al-qaeda needs to blow up yankee stadium !!! F jeter !! F A-fraud !!! F them all !!!
yankee fans are all faggots.........and all their wives and sisters and mothers and daughters and girlfriends are gonnorhea infected whores
am i clear ??
great lesson ace............sorry.........can't give you any tips on alignment
those tips are john's proprietary work..........you want them..........you gotta pay
ABI: June US Bankruptcies +40% y/y; 1H09 consumer bankruptcies +36% y/y
Feb 2010 will tell the true tale....
michael kay was so disgusting last nite............he had A-fraud's dick in his mouth
and that scumbag koon singleton was tryin to A-fraud's balls in his mouth
what a despicable network Yes is..........no mention that he juices up before every game
"that scumbag koon singleton"
lmaooooooooooooooo
I believe it is spelled c-o-o-n
Im soryy your mom traded you for a goat...your brother had the brains....but you can still have a good life
well well well...what do we have here a Bunky mush or did he flip the checkerboard...I have only one question: "will the SUN EVER SHINE AGAIN?"
No mush ... I was doing a Spanish lesson. The DVD takes ove rthe computer.
I suppose Spin's Q yesterday re a "worry point" was the mush.
“Less-worse isn’t the same as better,” said Barry Ritholtz, chief executive of FusionIQ, a research firm. “We want to see ‘good.’ In order to grow profits, in order for earnings to increase, in order for corporate America to start hiring and spending, we need to see greener shoots. So far that hasn’t really happened.”
“Less-worse isn’t the same as better,” said Barry Ritholtz, chief executive of FusionIQ, a research firm. “We want to see ‘good.’ In order to grow profits, in order for earnings to increase, in order for corporate America to start hiring and spending, we need to see greener shoots. So far that hasn’t really happened.”
Gosh, Barry, who ever said investing was easy ? And when have the future ever been know or certain.
I see the metaphorical standard is raised again. Now "greener shoots" are required.
Someone pays him for that tosh ? Must be the sames ones who put money with beefers.
Believe it or not he is 80% invested....Talk is cheap indeed...
I see Barry O is rooting for frosty in the unemployment derby ... Bman still in lead, though.
White House says expects unemployment rate to climb to 10% in next two to three months
good day.....sir
I SAID GOOD DAAAY!!!
Bman are you a proponent of a 'jobless recovery' ?
cock sure answer ? ... hmmm I think spent a little time looking at charts to give a real answer, not a bs one, after beign challenged to not just "look at the news events"
880-890 break on S&P
who was buying C and BAC in the fifties here ?? doesn't matter if they were.............i am just curious who
i know it wasn't bob........cuz he never has a losing trade
lol I remember those C and BAC ... the worst was WB very well.
That was one reason I went back to the charts afte the challenge.
no hubris here.
I did make money on BAC & JPM last year. Lost lots on C and WB. GE, too.
I didn't think they could possibly be so stupid.
couldnt have been "jim" either...he doesnt actually make any trades....
madoff indeed...
AGU
"danke vielmals jim"
I support a full-blown recovery ...
AGU lmaooooooooooooooooo
'good one mike'
now Jim Leyritz is a wife beater...as well as a drunk driver...very impressive...
piredol sol leyritz!
what a bunch of lowlifes we have in here.............makin fun of losing trades for Bman
i never make fun of anyones losing trades..............we all been there.........it's very painful
keep up the good work Bman..............i appreciate all your opinions
PS......well........maybe not all.........apparently bob's minions never had a losing trade either
I don't mind that flack ... even Caesar had a slave to ride with him in his chariot in Triumphs to remind him, "You are just a man".
btw, I know people short since S&P 700 ... I've been trying to gently get them to cover every 50 pts up.
no luck. These 200 pts sell-offs keep them short.
"i never make fun of anyones losing trades..............we all been there.........it's very painful"
yes you prefer the reacharound knife in back tank ball bust technique....what a lyin doucheba you are...lmaoooooooooo
'reacharound knife in back tank '
oh yeah..........forgot about that ............that was funny
'his dogs have him well-trained'
lmaooooooooooooooooooooooooooooo
we're all big boyz..we can dish and take it....we dont quit,cry and take our soccer ball home so the rest cant play...wellll..most of us......
"listen up you fing prick"...I invite your sorry. low life, lonely aazzz over for the 4th and this is what I get...offer an olive branch, you turn and beat me with...you are a disgusting pig.
"oh yeah..........forgot about that ............that was funny"
I really didnt know..Im just going by what Mav told me........
ROFLMAOOOOOOOOOOOOOOOOOOO
("sorry mav")
HAPPY FOURTH OF JULY KIDS!!!
you're all the best...you too merny(cheers)
can anyone give me a quote for the current spot price of french ticklers????
good long weekend men.
USA USA USA
Enjoy the holiday weekend men...great stuff all week....
have a good weekend, Fly the flag.
Enjoy all happy 4th
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