TGIF

Business as usual prevails in RC (Racketeer Central = DC). That place is such a den of knaves and fools. The cluster FUBAR of their actions and past actions is building into something unstable. Tax policy is insane; energy policy is insane; foreign relations seem sophomoric. Do any of them take seriously that they are spending the public's money ?

Few.

The people need to exercise their ultimate authority and clean that swamp out. This fall's elections are crucial to avoid a crumbling ... slow or fast ... of US strength constructed since World War II.

This state - Massachusetts - sent a message in electing Scott Brown. He is not perfect, but it's a start. People in other states need to recognize and follow their lead ... as they did in 1775.

Book of the Week

Private Yankee Doodle by Joseph Plumb Martin, originally published in 1830, my copy is a 1995 edition of the 1962 reprinting. The secondary title explains the book's subject matter perfectly: Being a Narrative of some of the Adventures, Dangers and Suffering of a Revolutionary Soldier. This book is a first hand account of the author's experiences in fighting the Revolutionary War as a common soldier. You cannot understand this war unless you understand what the individual soldiers did. Many, many TV historical accounts draw bits and snippets from this book. Read it all yourself and get the full measure of insight from its pages.

Joseph Plumb Martin joined the Continental Army in 1776 and served until discharge in 1783. He was at every major battle that Washington's army fought; he was at Valley Forge; he was at Yorktown. The book gives his narration of what he did and experienced. It hasn't been filtered or drained of life by the ham handed massaging of professional historians. And it's not a polemic. It's a simple account of one man's experiences in the crucible that led to the creation of the United States of America.

Markets

The slow grind high continues. My belief that it is running out of gas is being tested. Futures are perking this morning. Perhaps too many short plays exist and they are slowly capitulating. My April puts give me quite a bit of staying power. For now, unless the news convinces me I'm wrong, I'll let the hand play out over the next few weeks.

I'll check Krypto Fund allocations this AM. The buying that Krypto did at the recent lows might need to be removed. Check for a later "PS".

PS: No changes yet.

Word of the Day

"Dehisce" - verb, intransitive [$10]; "Dehiscence" - noun [$10]
Dehisce means to gape or burst open (esp. of a pos or seed vessel or of a cut or wound).
Dehiscence means the act or an occurrence of dehiscing.
Sentence: Was the Massachusetts election of a political outsider a sign of a nationwide deshiscence of pent-up anger of the people, or just a localized blip ? Time will tell.