Thursday, October 1, 2009

Change and No Change

No Change

Today is the 60th anniversary of the creation of Red China by the third member of the mass killer's elite club of the 20th century, Mao. That infamous triumvirate includes Hitler and Stalin. Of the three, the megalomaniac Mao is still the face of the government of Red China. How does that nation celebrate the anniversary ? By showing its true form.

FT: [my emphases] "The People’s Republic of China celebrated its 60th birthday on Thursday with a spectacular military and civilian parade through the centre of the deserted capital Beijing.
All of China’s top leaders, including Jiang Zemin, former president, watched from the rostrum above Tiananmen – the Gate of Heavenly Peace – as the cream of China’s armed forces and military equipment paraded through Tiananmen Square.

"Away from the parade, central Beijing was completely deserted after unprecedented security measures kept the public away and ensured no unexpected incidents ruined the parade. Ordinary citizens were told to watch the show on television and blocked from getting anywhere near the festivities.

"The display of military power and unabashed patriotism included goose-stepping troops, tanks, artillery, a regiment of intercontinental nuclear-capable ballistic missiles and flyovers by about 150 military aircraft. "

That's about all one needs to know: The People - no role. Goose-stepping troops on parade. Red China is a military dictatorship run by a small group, the "Central Military Commission" via a "nomenklatura" of favored bureaucrats - in effect, an aristocracy.

Change

BBC Online: "Judges who will form the highest court in the United Kingdom are to be sworn in later, marking a major milestone in British legal history. The Justices of the Supreme Court are replacing the Law Lords as the final court of appeal for almost all cases in the United Kingdom.
The court is independent of Parliament and will hear the most important cases. "

Well, well, well ... the British decide to follow the lead of their American cousins. This is quite interesting.

When will Europe decide that the US Constitution and structure of its government is the model for a United States of Europe ? I suppose it will take another fifty years to create the psychological foundations for recognizing that reality and get comfortable with accepting that the American government structure the best compromise for disparate states to form a union.

Other Matters

Ken the Cad "retires", surprising the board of directors of BofA. Sheesh, what a worthless board.

Saturn to close as its sale to Penske collapses. That's a shame. A brand and sales style the customer actually likes gets dumped. How rational is that ?

WSJ: "NEW DELHI -- India is poised for a big increase in its civilian nuclear capabilities. Prime Minister Manmohan Singh on Wednesday stressed the importance of nuclear energy in bridging the country's yawning energy gap, as Indian and international companies line up to enter a market opened by last year's U.S.-India nuclear deal."

So India joins the nations that are rational about energy growth, viz., going nuclear. When will the US move back to the only true solution to its energy problem ? Probably not until something breaks the grip of the Green Bishops on policy in the US.

Actions

I am doing nothing.
Je ne fais rien.
Ich machte nichts.
Nic nie robię.
Estoy haciendo nada.
Nihil facio.

[I still need this in Italian - coming soon.]

Word of the Day

"Hebetude" - noun [$10] literary; another Big Al word (and used on Gilligan's Island, too)!
Hebetude means dullness.
Sentence: After a couple years of market ping-pong games by the beefers, all these intraday moves on no significant news generates nothing but a heavy hebetude in the weary. Why do I even look intraday any more ?

Słowo Tygodnia

"Wiedzieć" - verb, imperfective, fourth conjugation
Wiedzieć means to know, in a general sense of something, everything, nothing.
Zdanie: Nic nie wiem.
Sentence: I know nothing.

56 comments:

Bud said...

good morning Bman !!



was yesterday's selloff just beefers trying to create panic ?? don't real buyers ever sell stox to lock in gains..........or cut off a position ??

Bud said...

who did Mao seize power from ?? was china a monarchy before the communists seized ower ?


personally i believe now that the chinese people have a taste of capitalism.............a violent bloody revolution is comin unless the central military commission gives up power

Bud said...

european nations have a proud and long and stubborn history of believin they are superior to the rest of the world.......europeans would love to be colonial rulers raping and pillaging the world if they had the military power to do it

all the way from england to russia.......i'm not sure obama understands european history

Bud said...

sometimes you need to feel pain to realize what is good for you...................if we go into a double-dip recession................the green bishops will lose power and US has a chance to go nuclear

Bunkerman said...

beefers tried to push it down, found no sellers lower, so covered.

Bunkerman said...

pre-communsit China was an authoritarian state run by Chiang Kai Shek, with some warlords in regions.

mfl59 said...

Bunkerman are beefers ever buyers?

Bud said...

Bman what are you waiting for to buy ? it's october 1.........if you think S and p is goin to 1200 within 3 months............do you have a list ?? or you still doin research ??

Bunkerman said...

I bought the call option book - that's enough


300% long (effectively) is long enough.

Bunkerman said...

of course beefers are buyers all the time. The problem is that a month later they become sellers ... usually all at once.

mfl59 said...

dont panic Bunkerman....Bob Pisani is constructive on the mkt....

Spin-em said...

we should have known...greedy azzhead and his insolence ruined this market telling us he wanted to make "even more" $$$ playin OT futures on his own...thinking it was his skill that made his year..tsk tsk tsk

Bunkerman said...

that +50 ISM mft # completely cancels yesterday's Chicago PMI.

national mft. is growing.

Bud said...

'the problem is that a month later they become sellers'


huh???? the problem ?? problem for whom ?? isn't it their fiducairy responsibility to make money for their investors



lmaooooooooooooooooooooooooooooo

Bud said...

Bman do you own any american-indian weaponry ?? do you know of a good site to buy an authentic indian tomahawk ??


lookin for birthday present for my cousin

Bud said...

Bman i haven't read your thoughts on Iran ??


would you agree with me that all this tuff talk from obama is all talk...........he reminds me a bit of neville chamberlain

Bud said...

speakin of my brother...................his handicap is 8............i'm a 14



i beat him straight up last weekend for the first time ever ( by 1 shot).......84



yes swing coaches don't matter..........new irons don't matter..........releasing the club doesn't matter................i don't even wanna think about how good i'll be in 5 months

mfl59 said...

did you post your score? or did you "forget"?

Spin-em said...

stonelegs puttin on a yankee hat now..pfftttt

Bunkerman said...

No, Bud, I've never looked for authentic Indian weaponry.

Bunkerman said...

re Iran, it's a big worry.

I'd like to see a revolution there.

Maybe eventually Russia & China will stop playing games & help.

Bunkerman said...

It's sort of stupid for China not to help - if the Mideast blow up, they lose bigtime.

Russia profits, so less surprising.

Spin-em said...

worried about Ira???..sell ur hummer....do something...open up the blinds and let the sun in..lool....oil drops like a rock...and these dictators are toast..without a shot fired...but thats too easy....send armies..ROFLLL

Bunkerman said...

uh spin, I live in the woods. I get clear sun about 3 hours a day in the PM.

Not worried for myself about the money if oil goes up.

I don't drive my H1 hummer much; just 5K miles in three years.

It get 14 mpg, better than a lot of big SUVs.

Bunkerman said...

why doesn't teh US jsut build 300 nuclear poer plants and end the oil import forever ?

the nuclear plants run in the dark, no wind, etc.

mfl59 said...

What color is your hummer Bunkerman?

Spin-em said...

not pointing fingers bunk....the point is..we can only control what "we" as individuals do...not china or 300 nuke plants....if we all have "let the other guy do it"..tude,,,,,nutten gets done...surely there something you can think of that you can do...youre a bright chap come onnn..lol

Bunkerman said...

black.

Bud said...

5k in 3years .................what the F you buy it for then ???


intimidation? armageddon ?

Bud said...

actually the hummer will be useless in armageddon.............there won't be any gasoline

Bunkerman said...

I think keeping the house at 65F in days in winter, and 58F at night is "something".

in summer the trees give lots of shade, cut down on AC bills.

Having my attic insulation fixed today, too. (and hiring a person to do it - one more job ...)

Bunkerman said...

Hummer runs on diesel ... and I have lots of that in my home heating tank ... enough for a few months in civil strife.

I bought it to go to events, ford the river when it's flooded, etc.

Spin-em said...

home heating tank????.....did Ahmadinejad send you a thank you card for his new Members Only jacket??

Bunkerman said...

the NE is mostly heated with heating oil.

Bunkerman said...

Mrs. B doesn't like nat gas ... kaboom'sie

Spin-em said...

Mrs B would love a buuuuteeful corn burner downstairs...heat rises...is it cheaper than oil??..no..but your giving the money to US farmers and their kids..instear of "evildoers"..lool..ezpzjapaneze too..not as dirty as oil...puta bag in..SET IT...AND FORGET IT.....lool

Bud said...

i can't believe i wasn't trading e-minis years earlier........... my trading friends were always tellin me too


they are perfect for someone like me................i am always looking for a ping-pong game...........in the stock market.........sometimes the tables are empty


not in the futures market...........you can always........and i mean always...... find a ping-pong game



if i had started 5 yrs ago...........perhaps i'd be a man today.............oh well...............nuthin wrong with bein an e-mini boy.............gotta keep workin hard

mfl59 said...

Bunk you must be drooling at hese fire sale prices......

Spin-em said...

it has been brought to my attention that some readership think Im messin with Bunk...not at all...."sorry"..if Im comin across like that....

Spin-em said...

GM sept auto sales down 47.1% vs 47.0.....NAILED IT!!lol

Bunkerman said...

np, spin.

we've been around this barn before.

Bunkerman said...

btw, I do have a sun room.

hmmm son of sun boy.

Bunkerman said...

btw, they do wood pellets in the NE as alternative.

No corn around here.

Bud said...

Bman are you maintaining your 1200ish S and p target year-end ??


the fact that you ain't buyin means to me you ain't............oh yeah..........i know i know..........300% long

mfl59 said...

Bud how far are you from PGA National?

Bunkerman said...

no change in opinion.

Why buy when the beefers will sell to me lower ?

Bud said...

about an hour...........excellent course.......south florida has 2 pga stops..........pga national and doral...........doral absolutely sucks

have good memories at pga national............shot an 89 there last year...........prolly shoot a 79 now.............i think i played from the whites

Bunkerman said...

I'm patient.

Bunkerman said...

if I had changed my mind, I'd be selling some calls.

Bud said...

no problem Bman...............i was just curious if you are pickin up cheap stuff


and btw..............what does 300% long have to do with anythin??............if you saw somethin cheap today that you thought you cud sell higher............you would buy it this second

mfl59 said...

well, thats where Ill be in Feb 2010...greens fees on me...I plan to win them right back...no worries...

Bud said...

ummm..............do you know how much greens fees will be there in the spring ???


prolly 220 plus..............that course is good......but it ain't a 220 course.........it's stupid to pay that unless you really want to for some reason



don't get me wrong.............can i afford it ?? oh............i think so




danke vielmals jim !!!!!!!!!!!!!

Bud said...

actually ..............last few days



danke vielmals e-mini boy !!!!!!!!!!!

Spin-em said...

no worst day since Aug 17??...make up ur mind bub

Spin-em said...

Bman..Is the stock market to a certain extent gambling?

Bunkerman said...

no, the stock market itself is not gambling itself, but some trading can be.

The stock market has real assets behind it. But people can do actions involving its short term fluctutations are close to gambling.