Wednesday, April 28, 2010

Affolement !!!

That means Panic !!! in French.

Remarkably, the headlines in Le Monde are about panic in the markets, while the US financial press seems like a typical boring Wednesday.

From Le Monde ->

La Grèce et le Portugal affolent les marchés. Les Bourses d'Asie plongaient, mercredi, dans le sillage des places européennes. Les craintes que d'autres pays, comme l'Espagne et l'Italie, soient à leur tour touchés se multiplient.

Greece and Portugal panic the markets. The Asian markets were plunging Wednesday, in the wake of the European markets. The fears that other nations, like Spain and Italy, might be touched in their turn multiply.

And what are the headlines in the foolishly US-centric American financial press ?

IMF may increase loan to Greece. Yawn.
Finance bill is blocked again. a broken record.
Goldman bruised, defiant in Senate. more denials.

Is there any wonder why more, a lot more, education in foreign languages is important ? The US press is so lazy and myopic, that I'm almost unable to take it seriously anymore. The "reporters" all want to be "journalists", yet can't even do the hard work of reporting.

Sigh ........ One gets better news coverage in the European press. After my current break from languages, I need to hit them hard again and turn this blog into a true septalingual center of fresh opinion [ i. e., mine ;) ] about world events.

Italian is now on a firm footing. I need to turn up the dial on German - Frankfurter Allgemeine covers these events rather well. Polish is doing well. Next to do: restart Spanish as now the confusion with Italian will be lessened. French needs vocabulary work. I'm halfway through Latin. I think all my languages need an intensive vocabulary review, though. How many new words can one cram into one's head over a year's time ?

The keys for the future: learn languages, read books !

Markets

Krypto has no new orders for me. Interestingly, after yesterday's drop, Mrs. B's Sky Fund is still at new highs, well over its 2007 all time high level. I guess Mrs. B is the new investment boss. They are both crushing the performance of my old 1-2-3 Fund, which I now declare to be closed. I need a new name & new ideas.

I suppose retiring and turning my portfolios over to my wife & dog is OK. [joke]

Word of the Day

"Natiform" - adjective [$1000]
Natiform means resembling of having the form of buttocks.
Sentence: Sycophants for Goug'em Sachs might be wary that a natiform vision approaches as they to avoid the clear, simply truth that GS is dirty. In other words, they are sticking their heads up their butts in denial. I wonder how one says, "Butthead" in Polish or German ?

56 comments:

Bud said...

good morning comrade !!!!!!!


and a fine morning it is indeed............was short ES M0 when i went to bed..............and i see this morning my bid got hit at 1179.............unreal since feb23

Bud said...

of course the Bman prolly thinks the ES M0 is just another 'gambling vehicle'..........'pure speculation'..........that serves no social purpose

Bud said...

agreed Bman................US press lazy............i also think they are subject to 'group think'


gone are the days when you could read different interesting stories on the front page....................almost all the front pages look the same now

Bud said...

Bman do you think the EU will be around in 3 years ?? do you think the Euro will be around in 3 years ??


do you see the Euro at par with the dollar ? ...........131 today and in freefall

Bunkerman said...

I have no problem with the futures markets. They are a useful market to transfer risk, have good clearing and are well-collateralized against default.

something with does NOT exist in the derivatives markets.

Bunkerman said...

I think the Euro will survive. Over time this will pull Europe closer together, which they need to do.

After all, if California defaulted, would that affect the dollar ?

Bunkerman said...

futures markets are designed to have natural buyers & sellers, UNLIKE many derivatives markets.

Spin-em said...

I guess we should all just panic

UP YOURS RIFLE DROPPERS!!

WOLVERINES!!!!!!!

My country, 'tis of thee,
Sweet land of liberty,
Of thee I sing;
Land where my fathers died,
Land of the pilgrims' pride,
From every mountainside
Let freedom ring!

USA USA USA

Bud said...

hey frosty ................do you people consider richard simmons a national hero ??


i know ace does.................but why?.........he ain't a wrestler


true........he ain't a wrestler.......but he is a finook

mfl59 said...

Bunkerman is the sharkfolio an asset class subject to more regulation?

Bunkerman said...

nope, the sharkfolio is run by an ass with its head up its "pupa", enveloped in that great natiformical mass.

*pupa is Polish for butt, or a$$.

Frosty said...

Sal...has your disgusting lifestyle forced you to depend on a "pupa" plug to control yourself sir...running at both ends indeed...they should make mouth plugs for teabaggers.

Bud said...

Bman.....do goldman's clients make money ??? or is every account 'gutted' and then closed..............man how they keep egrowing thsn?

Frosty said...

Krypto head trader in the bunker...Sky opines upon legal matters...which mutt interprets the financial press...thx in advance.

Frosty said...

are you now, or have you ever been, a capitalist sir?

Bunkerman said...

A fraternal libertarian is a capitalist, just not a one who is willing to let the ruling classes become an aristocracy and impoverish the common man to gain more and more power.

Hence I am now and always have been a capitalist.

Bunkerman said...

It's like the distinction of liking sex in general vs. to liking only sex with women.

I like sex with women only.

I am a fraternal libertarian.

Comprenez-vous ?

Spin-em said...

A5 YARD PENALTY ..LOSS OF DOWN....breakfast time

Spin-em said...

15..lool

Bunkerman said...

penatly ..uh ref ... that was a TD pass to the center of the endzone, untouched.

a grand slam HR.

etc.

Bunkerman said...

didn't even go "ad hominem"

;)

mfl59 said...

How do you know you dont like sex with a man if youve never had sex with a man?

Spin-em said...

WHOSE GOING TO SLOPEFEST????

Spin-em said...

think it Who's..lmaoooooooo

Spin-em said...

WHOOOZ IS GOING TO SLOPEFEST???


LOOOOOOOOOOOOOOOOOL

mfl59 said...

I'll be bunking with Nathaniel Goodwin....you?

Frosty said...

LMAOOO...oh it should be a barrel of monkeys indeed...certain Bunky would enjoy it...here are some photos from last year.

http://www.deathcamps.info/Auschwitz/Album1.htm

Bunkerman said...

I know I don't like sex with a sheep even though I've never done that, either.

Spin-em said...

I'll be bunking with Nathaniel Goodwin....


lmaooooooooooooooooooooooo

Spin-em said...

please stop bunk..looo

mfl59 said...

Bunkerman isnt it time for the 1-2-3 fund to make a speculation? You are overdue for a big win sir...

Bunkerman said...

I've had no vision lately for a winning idea.

Bunkerman said...

I've been a bit busy helping out an old friend. That's a lot more important than making more money.

Frosty said...

hey iowa state...perhaps you could edgeumakate Bunky on the finer points of sheep luvvvvvvvin...your a pal, thx in advance.

Bud said...

capitalist my ass



the Bman doesn't believe in free markets.............he believes in choking the animal spirits of greed with stringent regulations


' View from the Central Committee"

Bunkerman said...

I don't mind greed for the common man, but just the excessive greed of the beefers needs regulated.

Bud said...

hey frosty



vaffanculo!!!!!!

Bud said...

hey frosty




Tua madre si da per niente!!!!!!

Frosty said...

oh my, someone in the tank....Vattelo a pigliare in culo...bitter indeed sir.

Bud said...

hmmmm........i don't have that on my list


hey Bman....do you know what frosty said to me ? can you please translate

Bunkerman said...

not sure, Bud ... it look like Italian, but "vattello" is not in my unabridged dictionary, nothing close, either.

otherwise, it's something about taking it in the pupa.

;)

Bunkerman said...

could be Scicilian or a colloquialism.

mfl59 said...

PRETEKSTEM mi syna go [państwa ręki syna

mfl59 said...

Thats for you Buddy

Spin-em said...

canto que todos llevarnos bien?

mfl59 said...

youre right spin....

USA USA USA

Spin-em said...

gracias mi amigo .. felicitaciones por su equipo de ser el número uno

Spin-em said...

VAMOS METROS VAMOS METROS VAMOS METROS

mfl59 said...

Fed meeting....NAILED IT!!!!!

danke vielmals spin...

Bud said...

ace .......didn't i tell you ??? nobody cares what you think...............NOBODY..........you are irrelevant..........so please.........just shut up!!



the only time i care what you have to say...............lemme know when you catch a terminal illness............then i gonna have a party




" moderator moderator "

mfl59 said...

lemme know when you catch a terminal illness............


perhaps thats crossing the line a bit...but we'll let the posters and non posters alike decide that...

easy to spout off on a computer....like your hero jim does all the time...

Bud said...

you damn right i crossed the line !!!! and i'm glad i did.............what do posters and nonposters think?? i don't care what they think...........i never did care.........and i ain't never gonna care





so go cry to the moderator...............or to your mother........or whoever you cry to...............cry-baby!!!!!!!

Bud said...

hide behind a computer ?? huh?? i say that to my friends all the time


oh wait...........we ain't friends....we ain't never was friends...........and we ain't never is gonna be friends



none of my friends are cry-babies..................and ace is........QED

Spin-em said...

mission accomplished ace

mfl59 said...

your toughness is unreal...I am quite impressed...

Bud said...

ES M0


nailed it !!!!!!!!!!!!!!!!!!!!



this really is unreal...............i think i'm gonna move to chicago and buy a seat in the pits..............i can't lose.......blip hits galore Bman