Monday, January 11, 2010

A Long Year Beckons ...

Not much today - a late start.

Chinese exports boom; they benefit also from the decline dollar as they peg their currency's value to the dollar.

In the "There's a Sucker Born Every Minute" Club, FT tell us that "A group of Russian oligarchs are priming their companies for multi-billion dollar London listings ". Gosh, a chance to buy shares in the Russian versions of "The Organization", aka Al Capone, Inc.

Bottom-feeders are scooping up US commercial real estate. FT: "The beleaguered US commercial real estate sector has been attracting a new wave of money from sources including foreign banks, US private equity firms, and a leading Chinese sovereign wealth fund."

The urban heat island continues. Temperature in the woods at my bunker - 7F; temperature in Boston - 18F. This is one of the many serious problems with the theory of human caused global warming. How much warming has really occurred and how much is systematic measurement error ? This has been raised and documented by many people checking the data, but of course the "scientists" on the government payroll deny and obfuscate the problems.

The states are in serious financial trouble. Years of ratcheting up spending on payrolls and benefits is now at a crushing level. Pensions and benefits of state employees much be cut. That means big political battles.

Market

The averages continue to grind up. I'll wait. I think the next big money for a speculation will be in a correction sometime this quarter or early next. Seasonal money flows tend to dry up around April, and that's when the Fed's purchases of mortgage securities is scheduled to end.

Word of the Day

"Fain" - adjective & adverb [$10] poetic, archaic
Fain means (predicate adjective; followed by 'to' plus infinitive) 1. willing under the circumstances to; 2. left with no alternative but to; (adverb) 3. gladly.
Sentences; Which is correct: [meaning #1 or #2] Obama is fain to raise our taxes. OR [meaning #3] Obama will fain raise our taxes. I think it's #3.

55 comments:

Bud said...

good morning Bman !!!!


well it's over..............my starbucks has run out of the 'holiday' flavors.........now back to a plain ole grande latte...............i think of ways to spice it up

Bud said...

30 degrees n ft lauderdale over the weekend and 40 now


global warming my ass

Bud said...

Bman that is huge news form china............they have been tryin to create domestic demand...........if exports start rising again.............my SPX target may have been too conservative

Bud said...

Bman did you read the wsj editorrial today..............some california legislators tryin to cancel their job-killing cap and trade/emmissions bill til unemployment falls below 5.5%.......it's 12.3% in the golden state today


keep it up greenies........no one will want to build a plant in that state

Bud said...

great trade in VVUS Bman !!!!


looks like 70 to 11...........that's a home run in anyone's book

Bud said...

sorry 37degrees in ft lauderdale right now

Bunkerman said...

lol re CA ... no I haven't read those yet.

Bunkerman said...

yeah, I thought that China news was important.

Non US, Non Europe doing OK.

Bunkerman said...

I bought more VVUS under 8.

Have nice gain ... I'll wait for 100.

;)

Bunkerman said...

CA & big spending states are doomed - those pension obligations are going to force a huge choice between cutting them & killing taxes.

unfortunately, I live in one - MA

Bud said...

100 ??? who the F you think you are Bman ?? warren buffett ???


you a beefer.............take the beefer profit and run over to the next watering hole...............or ping-pong table

Bunkerman said...

my play on VVUS is the weight loss drug; that's a couple years out & is the big profit opportunity.

Spin-em said...

37?? thats shorts weather...toughen up azzhead..sick of hearin all you people cryin...put on a fn sweater.maybe ur poshtoon hat and move the f onnn about ur days...

maverick said...

small energy perky!!

Bunkerman said...

yup, spin, I've noticed that all Floridians are total wimps about cool weather.

We're wearing a T-shirt at 55F & they have a parka.

mfl59 said...

Hey lay off men...Bud endured some cold winters in Iowa...he is Iowa tough...

Frosty said...

"my SPX target may have been too conservative"...not what I wanted to see to start the day...can I lower my target???? do over.

Frosty said...

474

Bunkerman said...

oh mfl, he's lost that Iowa toughness years ago. It only takes a couple years in FL to go soft.

mfl59 said...

474 lmaooooo...

well played Mr. Tice

Spin-em said...

looooooool....another week in da bunka

Spin-em said...

did merny marry that dirty footed woman from the island?

Frosty said...

come on bunk, get with the program...millions of green jobs hang in the balance...USA USA USA

mfl59 said...

Bunkerman are you gearing up for the World Cup in June sir?

Spin-em said...

SeaHawks..Mariners....whats in the gingerbread lattes out there..they mean bniz....

Spin-em said...

THEY ARE.....THEY WILL NOT BE IGNORED

mfl59 said...

starbucks rules!!! I love Seattle!!! Bring back the Supersonics!!!

The X Man was the best!

Frosty said...

Seagal gale amanda is headed to the probowl...the mariner moose is top 5 indeed...hey it's a start.

Bunkerman said...

re World Cup, I often try to watch the final. Otherwise, soccer is boring.

mfl59 said...

"soccer is boring"

typical American crap attitude...In a world of instant gratification, if teams arent scoring every other minute, the game is deemed "boring"...

whatever happened to the process? the buildup? the foreplay? has all been lost in today's sugar-laden, mtv, youtube society?

Frosty said...

boyz in shorts...Sal must have closed up shop...have your back, hope your making money today.

Spin-em said...

......thats why Mrs L luvs her man...loooool

Bunkerman said...

well, mfl, I like baseball, so your arguments just went into the toilet.

;)

I even liked watching cricket when I was in Scotland a couple years ago (once I learned a few of the rules).

Rugby is a far better game than soccer - that's why it was invented.

Frosty said...

Bunk are you posted remote from the beefer conf?

Frosty said...

"posting"

mfl59 said...

actually sir, in 2008, the average number of runs scores in a MLB game was 9.68. With an international soccer match, the number declines dramatically.


"its a shot...back back back"

Spin-em said...

if 20 soccer games.."sorry"I mean matches are played...and they all end 1-0....how can you tell who the good teams are?

Bunkerman said...

nope re remote posting.

I'm in the bunker.

mfl59 said...

Soccer is an art sir...much like wrestling...much like a gingerbread latte

Bunkerman said...

that high re baseball scoring ? Hmmm, I guess I really don't watch many games.

Of course, since I spend lots free time reading or on langauge lessons, your arguments go into the toilet anyway (with respect to me, anyway).

A good nonfiction book is lots better than a soccer game.

;)

Bunkerman said...

I suppose women's soccer would be interesting if they dressed like beach volleyball.

;)

Bunkerman said...

IF soccer is an art, I'd rather go to the Met or any other good museum.

Bud said...

no doubt about that Bman

i lost the Iowa tuffness shortly after i left..............and florida has definitely made me soft and a wimp


and i was real tuff in iowa.......first one to put on shorts in the spring.........last one to put on a jacket in the fall...........i owned motorcycles in college...........and i used to ride it it very harsh temperatures

Bud said...

my friends want me to go to alabama- rtj trail for golf in february............i told them.............i ain't goin unless we go in march


so now we goin i march



PS.......if the weather stays in the 60s......i'l be in jamaica this 3 day wknd.............wimp!!!!

Bud said...

soccer ain't boring.........it's 'the beautiful game'


i am gettin excited for the world cup...........can't wait


'keep it respectable boys'

Bud said...

cricket is awesome !!!!!!!!!!!!!


i played alot of cricket as a kid...........and baseball.......and soccer

Bud said...

oh....speakin of golf..


got a new driver.............traded in my diablo for a mizuno mx700.............it seems like i get a bit more draw out of that


PS......can you draw the ball ace ???

Bud said...

ooops..............i may have just scared ace more.............i was just kidding


i can't draw the ball..........i have avisous slice.......goes high and right............and goes nowhwere

Spin-em said...

"i owned motorcycles in college..........."

really thats cool....who started em for ya azzhead???

maverick said...

a duck hook is not a draw sir

Bud said...

it's not ??? oh ok


lmaoooooooooooooooooooooooooooooo

mfl59 said...

No I cannot hit a draw with a wood...but sometimes I can hit a snap hook...

Frosty said...

Sal...did you dress like the biker from the village people..."luv the feel of a thundering hog between my legs"

Frosty said...

I would rather read a motorcycle book...I win.

Bunkerman said...

I can hit a pretty good snap hook, too. That heavy bag sure jumps when I throw it.

But what kind of punch is a draw ?

;)