Thursday, February 10, 2011

Back in the Saddle

I survived The Beast aka Manhattan, NYC. To this causal observer, business in the Beast must be good. The Grill Room at the Harvard Club was full at lunch, and the Tap Room at the Athletic Club was full for dinner even though the minimum period was over. People were spending money.

Men's fashions are a bit dour, still. A few colorful ties were spotted, but most men wore boring, drab neckwear. Few wore pinstriped suits either. Again, sadly, your writer was the best dressed man in the room. As usual, beautiful women admired my ties. When are the men of NYC going to start dressing a bit better?


Krypto wants me to buy some emerging market stocks. It's a decent signal, and on these down moves I hit the first signal and then wait. Down moves can be vicious; swinging at ever pitch can be painful. But the first one gets a swing and I will obey, likely via ETFs at the open.

There's a weak sell signal for gold+silver, too. I'll wait for a strong signal there.

Word of the Day

"Abduction" - noun [$100] Logic
Abduction means a syllogism whose major premise is certain but whose minor premise is probably.
Sentence: Much reasoning in life (investing, detective work, historical analysis, policy analysis) is neither deduction nor induction, but is abduction, where one starts with facts and creates a probable scenario / narrative that fits the facts to use in actions. Sherlock Holmes used abduction.


Spin-em said...

Would you say your fashion style is Bud Collins like??

Spin-em said...

that was a fine GLD,SLV buy sir

Bunkerman said...

uh Bud Collins is ???

thanks re GLD, SLV ... I'll give Krypto a tasty chewing toy for you, spin.

Bunkerman said...

uh spin, if you mean this Bud Collins

you have to be out of your mind.

No preppy bow ties for this common man.

And I have a full head of hair and a fine moustache.

Bunkerman said...

The number of U.S. workers filing new claims for unemployment benefits fell more than expected last week, pointing to continued improvement in the jobs market as the economy picks up speed.

Initial jobless claims dropped by 36,000 to 383,000 in the week ended Feb. 5, the Labor Department said Thursday in its weekly report. It was the lowest reading since July 2008. The previous week's figures were revised to 419,000 from 415,000.

Looks like Barry should start minting Ben's Medal of Freedom.


Spin-em said...

Have you seen his pants,shirts,jackets he wears???'ll have to make up your mind sir...he'll wear a purple ask you... is that drab??....lool