Krypto did a bit of work early this morning and found for orders from the machine. She wants to buy quite a bit of US stocks and some emerging market stocks and sell some gold. These moves are a bit larger than the ones a couple weeks ago. These are fairly strong signals and will bring the Krypto Fund back into balance.
Anecdotal talk has the baby boomers doing a bit of panic selling, not wanting to re-live the 2008-9 pain. We know that the Euro-beefers are doing much panic selling and the US beefers are, too. Their year's are now a shambles. For the sake of openness, Krypto Fund is down YTD by 1.89% after being up a bit over 7% not too long ago. Sigh ...
Volatile times. People just can't seem to calm down and get to work. Perhaps living in a bunker is good for the nerves. After all, when one is prepared for Armageddon and civil strife, why worry about the stock market?
Verizon landline workers go on strike. Hmmm ... that's a declining business. The company wants them to pay at least $100 per month towards health care. Uh ... hello? Are these people out of their minds? The union kool-aid must be rather intoxicating.
Word of the Day
"Enthymeme" - noun [$10] Logic
Enthymeme means a syllogism in which one premise is not explicitly stated. [e. g. an argument where a 'commonplace' is ijmplicitly assumed]
Sentence: Until this spring and summer, all debates over the US debt ceiling were rational enthymemes with a premise that neither side would permit a default on US debt obligations. The Tea Party's dishonorable willingness to use US debt holders are human shields in their fight has permanently hurt America's credit standing, and also changed the terms of the debate. Disaster looms if radical left Democrats adopt similar dishonorable stances.
sheesh, there is definitly big money reading this blog. The US markets are flat to down a smidge until I post. An hour later, the futures are up 2%.
ReplyDeleteBeefer bastards are frontrunning me ... grrrrr.
Bman was yday just beefers getting liquidated ?? or are we headed for a double-dipper ?
ReplyDeleteBman are you buying any stocks below 10 dollars ?
ReplyDeleteBman what do u think of buying BAC? it's trading lower than book value i believe
ReplyDeleteincredibly john paulson -12% for the year..............he is one of the sharpest beefers..........even citadel -9%
ReplyDeleteand those numbers prolly got worse last few days
yesterday surely had baby boomer selling, too.
ReplyDeleteno double dip ... more "muddling"
nfw re BAC ... POS management ... utterly incompetent
ReplyDeleteI am considering suggesting that Mrs. B buy JPM, but probably will hold off for now.
ReplyDeleteno stocks under $10. I don't trade anymore.
ReplyDeleteHmmm from your numbers, Bud, I guess my dog, Krypto, is kicker beefer butts.
ReplyDeletestill, no dog biscuit until the Fund turns +, we are no stinking "relativist"
:)
QEIII QEIII QEIII
ReplyDeletea wise man once said
ReplyDeleteHere is my list to receive my "au revoir". Some are New Year's wishes.
1. Hedge funds as an "asset class".
2. Hedge fund managers as demi-gods.
3. Pure libertarianism.
4. The home as a source of spending power.
5. The home as a retirement asset.
6. Credit default swaps.
7. Nominal CPI as a meaningful measure of true inflation - core rules !
8. The McMansion in exurbia.
9. The SEC as an independent agency.
10. Derivatives as unregulated markets.
11. "Market value" as a rationally derived number.
12. George W. Bush - aka "Lyndon" - as a President and leader.
13. The source of wealth of three of the world's "bad boys" (Russia, Venezuela and Iran).
14. Commodity "investing" in futures and derivatives - just speculation.
HAPPY NEW YEAR !
another wise man once said
ReplyDeleteQEII QEII QEII
lol frosty, unfortunately many of the list have not gone away; they live on, like Dracula.
ReplyDeletespot on sir....we need more time...30yr fixed 2%....0 percent 8yr car loans...etc
ReplyDeleteQEIII QEIII QEIII
enough with the QE3 posts.......firs t it was Bman ....now frosty........disgusting
ReplyDeleteQE2 didn't work.......QE3 ain't gonna work............it only worked in destroying my global purchasing power
'keep firing Ben'
HIT EM AGAIN BATTLESHIP BEN..HARDER HARDER!!
ReplyDeleteinterest rates are low enough ... loan qualifying standards need to be greatly lessened for a few years.
ReplyDeletewith the drop in prices, the collateral is much better valued.
Big Al says thanks for skipping the Hardtack fiasco of last year and packing a bag of twizzlers in a ziplock bag.....lol
ReplyDeletedollar tankarooooooooooooooooooooooooooooooo
ReplyDeletethanks Ben
Ben at the helm with bunky helmet
ReplyDeleteFIRRRRE!!!!!!
RELEASE THE HOOOOOOUUNDS!!!!
ReplyDeleteDONT SHOOT TIL YOU SEE THE WHITES OF BUDS BEADY LIL EYES!!!
ReplyDeleteCALL THE CCPS!!!
FIIIIIIIIIIIRE!!!!!
HEY KELLY...HURRY UP AND LETS DUMP OUR GOLD....ARCHIE BUNKERS COMIN
ReplyDeleteFIIIIIIIIIIIRE!!!!!!
BUNKY....WHERE'S THE GIRLS..WE WANT SOME TNA.....
ReplyDeleteFIIIIIIIIIIRE!!!!
lol, I suppose there are some in denial who deny that the beefers control the market.
ReplyDeleteThis sucks ... my index funds get teh close on my buys today.
Grrrrr those beefers are frontunning me AGAIN
BUNKYS MOUNTAIN OF CASH HOARD
ReplyDeleteTIP
VTI
TLT
VPL,VGK,VWO
VNQ
GLD,SLV
9% CASH
0% TIP
15% FIXED
30% US
25% CROSSTHE POND
15% REITS
5% GOOOOOOLD
have to test todays tail at some point bunks.....
ReplyDelete