Sheesh, another Wednesday and as usual nothing is happening. Maybe there is something to that idea I tossed out a few weeks ago regarding a ruling class conspiracy to put all news either at the beginning of the week or near its end. [That's a joke !]
FT says the big beefer and private equity firm, Apollo, plans a listing. Anyone buying that stock should expect to be shorn of one's money. Apollo is planning to capitalize on the aphorism that "There's a sucker born every minute."
The markets held onto all of Monday's gains yesterday, despite early weakness, thus consolidating over the old recovery highs.
DRYS to sell a convertible bond. That firm's management runs a stock share printing machine that Daniel Drew or Jay Gould would envy.
Fido Fund has a few stocks that are approaching the range of prior, pre-Panic highs. As they get to the lower end of that range, I'll take the sugar. Fido Fund capital goes to stocks I think can strongly outperform. Once a stock price gets to its upper range, further outperformance is both less likely and also less in potential magnitude. That double-barreled blow means sell to me.
I continue to seek "screaming" buys or sells. "Have Cash, Will Speculate" is going onto my new business cards.
Word of the Day
"Ascesis" - noun [$10]
Ascesis means the practice of self-discipline.
Sentence: Ascesis is a dirty word to the DC ruling classes; they practice hog feeding bouts seriatim.
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trader tax added to jobs bill
http://thehill.com/homenews/house/68273-dems-eye-stock-trade-tax
still think it's 'boob bait for bubbas' Bman ???
yup.
theye put it in to toss a bone to the unions, then pull it out later.
standard operating procedure.
Bman are you currently long SPX calls ??
dollar tankaroo this morning
that's ok..........Bman says not too worry...........my purchasin power ain't goin down
what a bunch of thumping tosh
standard operating procedure.
would be to build up .25 and settle/pass .01 bill
no re SPX calls - I closed that trade a whiole ago. Posted it here. Maybe when you were away.
I don't see big eastern or Chicago pols going for it - they know they'd lose business to offshore.
Plus Geitner already came out against.
guys like Schumer are powerful.
Bunkerman pleae sign the petition against it when it comes to you...thanks in advance
Bud - why don't you sugest to "Jim" that he send $50,000 to trader tax opposition lobby groups.
money with mouth ...
He might as well cough up for that boob bait, after all, he's a ...
He could get his pal, Cramer, to do it, too.
....and ace hates our only ally.. Geitner
lmaoooo....don't worry...Ben on our side as well...and I love him...
BusinessWeek picks Scranton at top places to raise children
Teller and his needle type pals need not apply
south alaska ranked top place to raise goats...congrats Tom, time to get busy...formangrillstyle..."nine kids all named TOOMMMMYYYYY"
looooooool..we live in South Abington...nono on list...pfttt...prefer Uncle Tom....Harriett Beecher Stowe style.....lol
I thought Scranton was all crackeads and heroin addicts?
"sorry"....the world isnt ready for that play yet......
what was deleted? Bunkerman I demand to know!!!
lolololol
lol, I read it before .. rather funny, but a bit pointed.
not my post.
Bunkerman what shorts are you putting out today?
none, still too early.
from the ft today
What is not clear is how dangerous it is. A so-called “carry trade” of borrowing in dollars in low rates to invest in higher-yielding assets could be reversed as soon as US interest rates rise or the currency shifts. If there is a rush for the exits, some investors fear a knock-on collapse in prices of assets.
hello dr bernanke .....are you listening ???
from the wsj today
One of the biggest investors is placing a big new bet on gold.
John Paulson, who scored about $20 billion of profits for his hedge fund between 2007 and early 2009 wagering against the housing market and financial companies, is launching a fund dedicated to buying up shares of gold miners and other bullion-related investments, according to three investors.
Mr. Paulson spoke about the new fund, which will begin on January 1, at a meeting with his investors Tuesday in New York. The gold fund will invest in gold-related shares and gold derivatives and will aim to outperform gold prices
gee..............i wonder why?? oh i know why............dollar tankaroo
Sal if ya can't take the HEAT get out of the kitchen...you'll be swinging from worry soon like old merny...pin pong or 3D chess I don't understand...is friday experation?
Paulson fund, $250 large of his own skim...is that cash or an asset transfer to avoid taxes...ask him and report back next time you see him down at the blueoyster.
Bud who do you like in the Rutgers-Syracuse game on Saturday?
"If you haven't signed my petition against the trader tax please do so at"...thx jim...always taking care of the lil guy, you could learn something from him Bunky...you should feel great shame.
please sign it...how else will I swindle people out of their money?
why re Paulson & gold ... maybe he's reading this blog, knows now that one should always own lots of gold & silver.
;)
New California rules ban inefficient TVs - DJ
California ... land of proto-fascist government.
The New Green World
An outhouse in every backyard ...
Toilet, light bulb, dishwasher, etc. inspectors soon will be knock, knock, knocking on your door in California, the land of nightmares.
The greenshirts.
I hear ya Bunky...guessing arnold won't be cruising down to the american river to fill his canteen.
tonight...Battle of Okinawa lookin for USS Ancon
Battle of Okinawa
Okinawa was the largest amphibious invasion of the Pacific campaign and the last major campaign of the Pacific War. More ships were used, more troops put ashore, more supplies transported, more bombs dropped, more naval guns fired against shore targets than any other operation in the Pacific. More people died during the Battle of Okinawa than all those killed during the atomic bombings of Hiroshima and Nagasaki. Casualties totaled more than 38,000 Americans wounded and 12,000 killed or missing, more than 107,000 Japanese and Okinawan conscripts killed, and perhaps 100,000 Okinawan civilians who perished in the battle.
The battle of Okinawa proved to be the bloodiest battle of the Pacific War. Thirty-four allied ships and craft of all types had been sunk, mostly by kamikazes, and 368 ships and craft damaged. The fleet had lost 763 aircraft. Total American casualties in the operation numbered over 12,000 killed [including nearly 5,000 Navy dead and almost 8,000 Marine and Army dead] and 36,000 wounded. Navy casualties were tremendous, with a ratio of one killed for one wounded as compared to a one to five ratio for the Marine Corps. Combat stress also caused large numbers of psychiatric casualties, a terrible hemorrhage of front-line strength. There were more than 26,000 non-battle casualties. In the battle of Okinawa, the rate of combat losses due to battle stress, expressed as a percentage of those caused by combat wounds, was 48% [in the Korean War the overall rate was about 20-25%, and in the Yom Kippur War it was about 30%]. American losses at Okinawa were so heavy as to illicite Congressional calls for an investigation into the conduct of the military commanders. Not surprisingly, the cost of this battle, in terms of lives, time, and material, weighed heavily in the decision to use the atomic bomb against Japan just six weeks later.
Japanese human losses were enormous: 107,539 soldiers killed and 23,764 sealed in caves or buried by the Japanese themselves; 10,755 captured or surrendered. The Japanese lost 7,830 aircraft and 16 combat ships. Since many Okinawan residents fled to caves where they subsequently were entombed the precise number of civilian casualties will probably never be known, but the lowest estimate is 42,000 killed. Somewhere between one-tenth and one-fourth of the civilian population perished, though by some estimates the battle of Okinawa killed almost a third of the civilian population. According to US Army records during the planning phase of the operation, the assumption was that Okinawa was home to about 300,000 civilians. At the conclusion of hostilities around 196,000 civilians remained. However, US Army figures for the 82 day campaign showed a total figure of 142,058 civilian casualties, including those killed by artillery fire, air attacks and those who were pressed into service by the Japanese army.
I've read a few first hand accounts, too.
It was, and had to be, a frontal assaul ton heaviliy fortified postions. No flanking was possible.
And the rain & mud made the effort harder.
My father in law (now visiting us) was in it (Marine corps).
'outhouse in every backyard'
LMAOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
so true Bman............can we give california back to mexico???
lol..my dad Navy
so true Bman............can we give california back to mexico???
lets see ur green card??
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