An Idea

Now here is a product that might really sell: On Demand Olympics.

Suppose you're a wrestling fan like Bunkerman and want to see some exciting Greco-Roman wrestling matches at the Olympics. You could sit around endlessly channel surfing on NBC and MSNCS and CNBC to try to find those, perhaps checking the online websites for times, IF you can find them. You'll never find them at convenient viewing hours because this sport is not popular with the masses.

So this morning around 4AM ET I went to the MSNBC website and clicked on wrestling and, mirabile dictu, I found that I could watch exciting matches on my computer ! I saw Japan v. Armenia and US v. Poland. Great action ! Now if I could do that on my TV while sitting comfortably on the couch with a beer, I'd probably watch for hours. I don't care if it's live, since I have no idea who won anyway. I just enjoy the competition and action. The online show had advertising, too - I saw an Exxon ad, among others, while viewing the events.

When will the Internet become integrated to the TV ? To me, that's a big market with new products that can be huge sellers, but it has to be done correctly to provide viewer flexibility.

Markets

Elmer (aka Greenspan) said the FNMA and Freddie Mac rescues were a mistake. What a knave ! He was part of the problem and now he's obeying his beefer masters in coming out with more negativity.

And the bears on cue hit the financials hard again since they can sell short with phony, virtual shares again. Hello SEC ? Are you blind or just stupid or bought by the beefers again ? I guess you need a job for 2009 and going to work for a beefer or Wall Street firm offers a good payday, so you do their bidding again.

Sigh ... DC is such a cesspool of knavery.

EU and France GDP were down. Europeans, say "Thank you" to the ECB for your pain.

I am doing nothing. My recent buys of CVX, DVN, FCX and RIG are partially ofsetting the drops in the fins. With new money coming in soon to Krypto Fund, I plan to buy some gold & silver if they are still depressed. This is mere asset allocation, not a LT call.

Word of the Day

"Palpable" - adjective [$10] (an easy one)
Palpable means 1. one that can be touched or felt; 2. readily perceived by the senses or mind.
Sentence: The palpable disarray of Bush foreign policy is dangerous to world peace.

Bonus Word

"Copse" - noun [$10] (this word is seem often in military writings and in literature)
Copse means 1. = coppice which means a. a thicket, grove or growth of small trees; b. forest originating mainly from shoots or root suckers rather than seed; 2. (in general use) a small wood.
Sentence: (A) Small units moving might hide and regroup in a copse during the day to avoid detection from air reconnaisance. (B) A sniper would be stupid to hide in a copse, as that is the obvious place and a likely target for mortars or artillery. A well-camouflaged hole a safe distance in front of the copse is much better.*

* This observation is adapted from readings of successful snipers from World War I.