Opening Stuff:
The first 37 potato chips are the best. After that the thrill starts to fade.
The Republicans could do worse for a slogan than the words from Florida Governor primary winner Rick Scott, “Obama, Ried and Pelosi are destroying the American Dream for the next generation.” And, “We are the guardians of the American Dream.”
Thinking about Scott and people like him…true outsiders and inexperienced pols – how interesting would it be if the entire house and senate were composed with them. I’m sure the country wouldn’t fall apart and it might even get better. I’m thinking that congress is one place where experience is a negative.
The Question:
What did Tiger Woods Shoot today?
The Headlines:
--Taliban Expanding In North And West Afghan.--One In Ten With Mortgage Face Foreclosure.
--Alaska Primary Awaits Absentee Ballot Count.
--DOW Closes Below 10,000.
--Tids Editor Decries Lack Of Real News.
Back to More Stuff:
This is one of those periods in the Stock markets when the so-called expert analysts have tons and tons of diverse knowledge, and don’t know anything.
Get this from Clueless Lane. Bonds are a scary place to be safe. Stock prices are too high. That’s right too high. Gold has no right being where it is. And cash. Even cash could be valueless. Happy yet?
How about that kid from Spain who came to the US to become a day trader. Talk about not getting around. He was just handed a back taxes bill form the IRS for $172 Million. His first reaction…”What’s the IRS.” Welcome to America.
Maybe he isn’t the Messiah after all. Here he has been on vacation for five days; Five days in which it has rained constantly. In fact, the worst vacation week of the summer. Or else, out of the goodness of his heart, he is calling for rain for the farmers. Yeah, that’s what he is doing. Calling for rain for the hard scrabble farmers of Martha’s Vineyard.
The hot new insider term of the moment on Wall Street is the Hindenburg Omen which sounds really, really scary…and it is if the market follows what has happened 1 out the 4 times a bunch of technical levels based on 52 week highs and lows are achieved. It crashes and burns. But that means 3 of 4 times nothing happens.
I was playing golf with a friend who was having an awful day. He and I hit in the same trap. Trying to cheer him up after he hit another lackluster shot, I said, “I’ll smooth out the sand for you…You deserve a rake today!” He didn’t laugh.
The biggest environmental scam is not Global Warming but the Over fishing warning constantly perpetrated by marine environmentalists. Real science says that there are plenty of fish, but obviously some care must be taken. And good fishermen, experts inthis field knowit. The rub comes from the regulations where law has set arbitrary levels of what is overfishing, and the hardworking toilers of the sea can reach it regardless if there are a lot of fish or no fish.
As all of you know, I have dubbed Wall Street “Clueless Lane” based on the inability of these high priced financial gurus to really predict anything. But then a good reader says, “Maybe they aren’t so Clueless after all. “Reports are released showing things going up; Reports released showing things going down. The guys with the control and the money release bad news so that can buy as stocks decline. Then they release some good news so stocks go up and they sell. And so it goes…” Then he adds – “In the meantime we are left holding our heads and stomachs while we should be holding our "jewels" because they have got us by the you know what’s”
The Answer:
All of the Tiger sycophants are dancing in the streets as the #1 player in the world shot a 65. Could it be that the little bit of freedom was all he needed. Is golf that simple? Not for me.
Speaking of Clueless…have you read today’s TIds?
No comments:
Post a Comment