The ruling class in DC is feeding again, in a particularly invidious and hypocritical manner. After posturing for the public by attacking corporate CEOs using private jets, they slip a purchase of eight more for themselves to be pampered around the world.
WSJ: "WASHINGTON -- Congress plans to spend $550 million to buy eight jets, a substantial upgrade to the fleet used by federal officials at a time when lawmakers have criticized the use of corporate jets by companies receiving taxpayer funds. The purchases will help accommodate growing travel demand by congressional officials. The planes augment a fleet of about two dozen passenger jets maintained by the Air Force for lawmakers, administration officials and military chiefs to fly on government trips in the U.S. and abroad. The congressional shopping list goes beyond what the Air Force had initially requested as part of its annual appropriations. The Pentagon sought to buy one Gulfstream V and one business-class equivalent of a Boeing 737 to replace aging planes." "
Wonderful. Don't the antics of these hogs make you sick ? or angry ? Is there any more sleazy, disreputable, unethical passel on Earth ? Well, maybe ... in that gangocracy, Russia.
The Republic is never safe while Congress is in session.
Actions
None. I await a screaming buy or an idea on which sector or stocks will lead this bull market back to S&P 1200.
Word of the Day
"Minatory" - adjective [$10] from the novel, "Elmer Gantry" by Sinclair Lewis.
Minatory means threatening, menacing.
Sentence: North Korea relies on minatory stances and actions to generate foreign aid in the manner of an extortionist. I wonder if Obama will pay up.
Le Mot du Jour
"Exiger" - verb, transitive, regular -er conjugation like manger
Exiger means to demand, to require, to call for.
La Phrase: Exigeons des réformes dans le Congrès.
Sentence: Let's demand some reforms in Congress.
[sheesh, I just fixed a stupid error (noon ET)]
Spinny(whistling a snappy toon down the white streets of Bunkertown...for "no particular reason")
ReplyDeletetune.....such a lovely day..I cant spell.....lmaoo
ReplyDeletewell Bman................after thoughtful reflection............i have come to your side
ReplyDeletethe SEC fines should come out of the executive bonus pool ......hank greenberg made billions thru stock options...........he was obssessed with the stock price........which led to accounting gimmickry at least...........probably outright fraud
'hogs at the trough'
in 'regular' crimes..........the government seizes all monies and property that can be linked to the crime
ReplyDeletewhy doesn't the government do that with the billions these ceo's looted thru accounting fraud ??
i know the greenberg vs SEC is a civil matter..........but if he was convicted in a criminal court.....could they seize the billions he cashed out ??
the problem i have with you Bman is that you want the regulators and government to police management
ReplyDeletei want the shareholders to do it.......unfortunately that is the job of the board.....and we all know the overwhelming majority of board members are 'friends' of management
i am still hoping the crash of 2008 will make shareholders more active......after all they are the owners..........management is stealing from them
all yankee fans are scum sucking cock sucking man beaver sucking douchebags.........and all their wives/mistresses/girlfriends/sisters/daughters/mothers/grandmothers are gonnorhea infected whores
ReplyDeletedon't thinks so?? watch the game tonite..........you'll see 50k jizz swallowing fags..........it'll be obvious to spot them......they all be in yankee gear
so Bman you are 80% cash in your most aggressive account ?
ReplyDeletewhat an incredible week in the tank...........it may be the best of the year.....at least in the top 3
ReplyDeleteWNC CVGI RDN MTG NVAX BX UTA FUQI AXL CVGI HMIN AIG........to mention a few......winners galore
Dziękuję bardzo jim !!!!!!!!!
'stocks like NVAX disgust me'
I'd like the shareholders to do it, too. But they need the rules changed to give them the power to do it. With today's nomination rules, open voting vs. secret ballot, and rules against forming groups to push for change, the shareholders have no hope to force change.
ReplyDeleteyes, I think in a criminal case teh government ahve a lot more power to seize assets.
ReplyDeleteI have just one stock now - MT - in my most agressive account; about 90% cash.
ReplyDeleteAbout 60% long in the #2 aggressive account.
hmmm Yankees lead Red Sox by 3.5 games.
ReplyDeleteWhat is the jizz of the Red Sox ?
Haha, a bunch of guys with red faces from too-tight collars !!!!
[using 'jizz' in its dictionary meaning, as first impression].
thats rght.... lose with honor and class...4 stokes on each side indeed
ReplyDeleteROFLMAOOOOOOOOOOOOOOOOOO
"The Yankees win!!!! The Yankees win"
ReplyDeletewhat a great result.....this weekend should remove any doubt as to which team is the king of the AL East....
"way to go Tom"
f'ng douchebag....... traitor.....deserter......ace makes me sick
ReplyDelete'way to go benedict arnold'
thanks mike..just one game..long way to go....
ReplyDelete"f'ng douchebag....... traitor.....deserter......"
huh??
then how do you explain droppin the Mets and GO CUBS???
what a two face azzhead
you'd trip your prostitute grandmother to win a 100 yard dash.....
Stock futures have ripped higher in the wake of the July Nonfarm Payrolls Report, which indicated that 247,000 jobs were lost lost month. Economists, on average, had expected 325,000 job losses. Meanwhile, job losses for June were downwardly revised to 443,000 from 467,000. With that, the unemployment rate now stands at 9.4%.
ReplyDeleteHmmm ... perhaps frosty will be denied teh win in the peak unemployment guessing contest.
ReplyDeleteFrsoty guessed 11.5%
Bman guessed 8.%
So far, Bman winning ...
Frosty needs 9.75+% to win.
Spin & mfl are twisting in the wind ...
Bud was too chicken to enter.
July at -247K
ReplyDeleteJune revised to -443K from -467K
May revised to -303K from -322K
uh ... is that not a trend toward zero and positive jobs numbers ?
Bunk the Obama 60 stocks.....is there a next stage for the recovery..a new basket? stage 2? that outperforms or stick with the same?... fantastic btw
ReplyDeletewell done Bman............you been on top of this recovery story ahead of most
ReplyDeletefrosty a f'ng douchebag..........always makin fun of me askin you questions.......i like to pick your brain......cuz you were educated at the beefer school of choice......y'know......Harvard
like do we look at staffing stocks now.....KFY,RCMT,JOBS,VSCP types??
ReplyDelete"frosty always makin fun of me askin you questions......."
ReplyDeletea.......its not cuz of your questions
Obviously I wish I had not sold the Obama 50. I had figured those could give me a 3x return into mid 2010. But my problems in Ohio and the risk of Obama not reappointing Ben shook me out.
ReplyDeleteNow I'm just thinking ...
I'm a bit worn out taking lots of risks, so I want a clear idea, not just a shot in the dark.
I still like the Asian & South American & Indian consumer idea, but finding names might be tough. Advertising names in those areas might be a play, too.
I doubt if I put much effort into looking until after my canoe trip.
I might take a look at the industrial with goo dexport business ... if they aren't too expensive va. 2006 earnings.
ReplyDeletebtw I use 2006 earnings as a measure of "potential" gains. Current earnings mean nothing.
canoe trip ??
ReplyDeleteBman have you ever seen the movie Deliverance ???
PS......i trust you plan on taking firearms with you on this trip
btw, do we all now recognize that the bears in the Spring like Roubini, etc., saying things were going to get a lot worse, were totally wrong & unable to see the changes. Ditto Molotova ... JPM has doubled since she said reiterated a sell around 20.
ReplyDeletebeing right once does not make one a God.
The Romans knew this ... as did the Greeks.
lol, no firearms ... it's in Canada in Algonquin National Park with some HS friends.
ReplyDeleteBut I'll take a few good knives .. and I'm had knife fighting lessons and practice, too.
Actually I've never seens "Deliverance" but I've heard a lot about it.
Bears are the biggest worry.
btw, it's August 23-28, plus a couple travel days.
ReplyDeletewill mern take over writing duties while youre on vacation?
ReplyDeleteMEG
ReplyDelete'nailed it' 'highfive'
remote control indeed
Dziękuję bardzo jim !!!!!!!!!
MEG rofl....I wonder if thats a short squeeze....
ReplyDelete"way to go jimmie"
Bunk...if you could double yur $$$ would DRN be something you'd be interested in?
ReplyDeleteGROW
ReplyDelete'nailed it' 'highfive'
Dziękuję bardzo jim !!!!!!!!!
100points hold 2years my ass
DRN ... a 3x REIT daily return fraudster.
ReplyDeletenfw, holding it more than one day - like for a week or a month makes it a crap shoot.
Why not buy VNQ on real leverage ? Or options on it (fi they exist)
[VNQ owns real stocks, not derivatives.]
VNQ calls exist. IFF I wanted to play taht name with mucho leverage, I'd buy the December or some 2010 strike in the money a couple strikes. Plenty of leverage without the fraud.
ReplyDeleteRemember to measure risk buy the underlying share value.
FFG
ReplyDelete'nailed it' 'highfive'
remote control just tells me what to do.....and i do it.......i'm just an 'ignorant' ping-pong player
Dziękuję bardzo jim !!!!!!!!!
happy for you "bud" you deserve it
ReplyDeletewell............i knew it was close after yesterday............but after the remote control trades this morning
ReplyDeleteno question.......no doubt.......best week of the year..........sharkinvesting.com does it again !!!!
Dziękuję bardzo jim !!!!!!!!!
sounds like bub is getting euphoric??
ReplyDeletetak ja da oui si 10-4
ReplyDeleteaka "yes"
well Bman..............it seems you may ( i stress may ) have been right
ReplyDeletebeen reading more and more comparing this to the nasty recession of the early 70s......wasn't that your example..........or were you in the 81/82 reagan recession camp
anyway .....greatdepression II .......i was wrong
OMFG...thats it im selling some stuff
ReplyDeleteBman is venture capital an asset class ??
ReplyDeleteal gore has a vc firm specializing in climate change
..SPGresistance 80?? July 08 so others July 08....KIM 30...BXP 85 BDN 13 CDR 11(8%div)???
ReplyDeletemy analogy was 1974.
ReplyDeleteA severe recession. period.
It need not have gotten this bad, except for the beefer shorts manipulating to create a panic last fall.
venture capital probably is an asset class - a small one.
ReplyDeletethere is no other way to get a piece of new ideas at teh earliest stages.
One would have to be a fool to invest with Algore.
beefer longs creating panic is ok??..lol
ReplyDeletebtw, due to waves of new regulations, high taxes and eventual money printing to try prop up jobs (under a new Fed chief appointed by Carter), the 1974 severe recession was followed by seven years of serious stagflation and then another recession.
ReplyDeleteWill Obama cause a similar bad outcome ?
uh spin ... when the beefers create a panic long ... it's time to lighten up on the leaders - slowly.
ReplyDeletebecause it won't take long for them all to hit the sell button at once.
was the end of the war a factor in the 74 recession?
ReplyDeletethe Vietnam war was ending slowly after 1971 - that's why I wasn't drafted when elibible in late 1972.
ReplyDeleteThe recession was mostly due the Arab oil embargo during the Yom Kippur war and huge dislocations that caused worldwide as energy prices rose a lot ... permanently.
plus other harvest, commodity problems worldwide that all seemed to happen around the same times.
Then all the new government programs and rules - OSHA, environment, on and on.
I don't think the end of the war caused it at all.
DRN makes the 8% VNQ div in 2.5 hours....long term inwestor indeed...
ReplyDeletethanks bunk..sounds familiar.....lol
ReplyDeletealright Bman........i'm outta here..thanks for puttin up my questions........it just kills that f'ng douchebag frosty
ReplyDeletepierdol sie bob !!!!!!
just keep it respectable boys..............if beckett loses tonite.............sawx get swept
ReplyDeletedoesn't matter...............yankees still a bunch of child molesting cocksucking pedophiles
and their wives/girlfriends/mistreses.........
PS......if beckett loses..........bucholzt gets pounded tomorrow......and then ace's yankees will have too much mo goin into sunday nite
if josh wins...........bucholtz still loses.........and lester has a 50/50 chance on sunday nite
you know what they did to traitors during colonial times ??
ReplyDeletetar and feather
how can ace look at himself in the mirror ??? well he has yankee blood in him.........cockroach blood
way to support ur team....2wayazzface...throw em under the bus they lose and you dont look bad........ if they win..you come in monday with the upity Paki tude.....what a douchebag...when is ur date with the napsack?...the sooner the better.
ReplyDeleteguess I should give Krypto an extra dog biscuit for having me buy a small mountain of VNQ a few months ago.
ReplyDeleteGood doggie ...
as a hedge fund manager, Krypto beat most humans
ReplyDelete:)))
and is long only, too.
ReplyDeleteindeed bunk... congrats
ReplyDeleteEnjoy the cirus party Bunk thanks
ReplyDeletepracticing putting my tent up
ReplyDeletegetting the tomahawk out
Knife A
Knife B
etc.
enjoy the weekend ... gotta go thru the MREs for the trip.
ReplyDeleteAlmost time for a bunktini ... ahhh the best.