Monday, December 14, 2009

Copenhagen Cluster FUBAR

The media airwaves continue to gush over the ruling classes meeting in Copenhagen to discuss how they can foist more economic oppression onto the common man. That's after information got out that the scientists were fabricating the data and hiding contrary evidence in order to ensure their own gravy train of money for "research".

The real story is yet to come out, as the media air heads write about quotes from top scientists admitting lies and hiding evidence. The real story is in the computer codes and those related e-mails that show they were doctoring data at the deepest levels to produce only "pro-warming" results. That entire field is rife with corruption in search of more and more government funding. They even admit fabricating scare stories in public to get more grant money.

All I want for Christmas is simply a collapse at Copenhagen for whatever reason. I suspect money will cause it. With the current economic situation, the wealthier countries know they can't get their voters to sent big money to the poorest nations to help them develop without existing energy sources. They might put something on paper that will be vague and full of holes. But I think that's all that will come about. That's my hope.

Actions

IFF Copenhagen collapses AND ObamaCare, too, I will become longer term bullish again.

For now I see no trading buys or sells that have a good risk-reward profile. I admit I'm not looking too hard. I'll be out all next week, so will not want big, risky positions on my books then anyway.

Uh ... what's going on with the dollar ? I thought it was consigned to the graveyard by the doomsters. Could it be that signs of economic strength in the US are bringing in demand ? Hmm ... where was that posted a few months ago ? One guess.

This is an intermediate term rally. Longer term, the dollar must go down versus all those exporter countries in Asia and other places. They've been riding on the back of the US consumer for decades. That has to balance out.

I read that a large amount of profits at large US multinational companies come from emerging markets. Good. That gave me some more comfort that I have enough exposure to those markets.

Book of the Week

The Adventures of Huckleberry Finn, by Mark Twain, in AUDIO version. Mine is a BBC audio narrated by Patrick Fraley. I am now 45% through this book and I recommend it highly. The AUDIO version. The dialects of the characters are part of the crucial value of the book. An audio version produced by a good actor reading the book gives you this. Reading it in print will not.

The setting is the Mississippi river area around Illinois and Missouri circa 1830-1840. The adventures of Huck Finn bring out the culture of that regions and major issues such as freedom, slavery, and oppression, and the riverboat culture of that huge region in the US that had existed for decades as the nation moved west from the Appalachian regions to the Great Plains.

US western culture then was hard drinking, hard fisted, rough and tumble and lots of braggadocio and bombast - the bowie knife and whisky culture of people coping in relatively primitive areas. Histories give you the raw facts. This novel puts a human side onto it.

Word of the Day

Ululate - verb, intransitive [$10]
Ululate means to howl, wail.
Sentence: The Greenies will ululate unceasingly if the Copenhagen circus craters; that will be music to my ears.

26 comments:

Bunkerman said...

XOM is smart, buying gas assets when prices are low.

COP was stupid a few years ago buying when prices were high.

Frosty said...

out all week...where you going...can Sal guest blog sir.

Bunkerman said...

going to hometown in Ohio to visit Mom, relatives, Big Al.

Bunkerman said...

guest blogs ... lol, that means giving out my password.

Will leave Monday 21st early AM. Back day after Christmas.

Spin-em said...

Letterman.."sorry..handshake"..over inwhat? 3 days??

Douchebag Tiger hides in his house..sends out emails...everybody else talkin for him not good enuff...get out play golf now...get heckled NOW..take ur medicine and it'll be over... ya dope

mfl59 said...

"I want to save my marriage"

uhhh sir...banging out hookers and pigs in church parking lots...well, that might be hard to do...

Bunkerman said...

Yup, Tiger turned out to a super sleaze. He can kiss those endorsements goodbye.

Likely his marriage, too.

What a fool/dope/knave !

Spin-em said...
This comment has been removed by the author.
Spin-em said...

too soon??..ok

mfl59 said...

Bunkerman do you own XOM in the Krypto Fund sir?

Bunkerman said...

yes, a good bit.

Frosty said...

Bunky...you must be waiting for spx1120 to go buck hunting.

Bunkerman said...

yup, around there would be a good place to put on some shorts.

It's taking a whole lotta good news to push this market higher now.

Too much, in my opinion.

Asset allocation should create some sell pressure at the new year.

But no buck fever here.

Bunkerman said...

I'd like to see what happens to Copenhagen & ObamaCare too, before getting aggressive either way.

mfl59 said...

Bud where are you son?

Taking a Tiger-like leave from the bunker? sheesh....man up pal...its bowl season...I need some picks...

Bunkerman said...

hmm ... interesting point, mfl ... is Bud really one of Tiger's secret identities ?

Bunkerman said...

Hmm ... has anyone ever seen Bud & Tiger at the same time and place ?

Intriguing ...

;)

mfl59 said...

One more similarity...Tiger also hit a 6 iron 145 yards...when he was 4 years old...

Frosty said...

Sal can't handle the HEAT.

Spin-em said...

One more similarity...Tiger also hit a 6 iron 145 yards...when he was 4 years old...

Ohhhhhhhhhhh shit

ROFLLLLLLLLLLLLLLLLLLLLLLLLLL

mfl59 said...

Bunkerman did you add any gold on this pullback big fella? those calling for a bubble should consult previous bubbles of oil, tech, and housing...by that template gold in about the third inning...

Bunkerman said...

no add. this wasn't much of a pullback.

Krypto did some selling at the high. No re-buy yet.

Bunkerman said...

my gold target is 1666 this run.

Bunkerman said...

Krypto's sales re just asset allocation moves.

mfl59 said...

If that happens I'll donate some pemmican and other canned goods to the bunker...

Am in the midst of reading about Shackleton's trials in Antarctica...seems he was fond of many types of pemmican...including dog....yikes...

Bunkerman said...

shhhh ... don't want Krypto to hear that.