BAGAKOAA; 1 May 2011 Postus Interuptus

Post 421May/2011

The Teenage Time Zone

time warp 

We are blessed with two phenomenal children.  I know everybody thinks their kids are phenomenal.  They are wrong.  I have actually sat in front of these children who are not phenomenal on long flights.  I have had them hand me slobber covered toys at restaurants, so I know what I am talking about. 

My daughter was easy.  She was very bright, well she still is, I guess.  She was well behaved and a model child.  Jack is great, totally unselfish, and very compassionate.  Here is one example of his character.  I bought a MacAir several months ago (I am using it now to do the post today.  I actually believe if I buy the products made by the companies of stocks which we own, the stocks will do better.  Really.  You don't really think I like eating at McDonald's.  I never inflate my tires on my cars because I don't want to improve my gas milage. CVX.) and I could not get the hang of the Maciosynchrousies in the word environment on the Mac.  My daughter's fiancé, Ryan, showed me a few tricks and I am getting quite proficient in MacLand. 

Anyway I told my son that if I don't get the hang of the MacAir, I would give it to him.  On Friday, whilst waiting for contractor number 4 of the day, I was struggling with a few of the tips Ryan had taught me.  I called our Man Child (that is hat we now call Jack now that he is about 5 foot 10 inches and coming up on 190 pounds).  He came to my aide and reminded me of a few of the short cuts and key board adjustments I needed.  Then he brought me the charger as he noticed I was running low on fuel (I have a natural gas powered MacAir).  Then he realized I was not close to an outlet and he went a got me an extension chord.  I was back in business.

After he had done that I thought back to 1970 when I was the ripe old age of fourteen.  If my old man had said, "If I can't figure out this (Fill in the blank with something you would have coveted.) soon I am going to give it to you.", I know darn well I would not have gone out of my way to help the old man figure it out.  In fact, I might even consider sabotaging his efforts.  Not my boy, he was a big help and I actually am enjoying the MacAir.

So how can this wonderful Man Child at the same time drive me crazy with teen age time warps.  Yesterday I asked him to take dog number 4 out.  (Names are hard for me to remember.)  I asked him this because I know the dog was getting an attitude and was going to tell me he was upset.  Unfortunately dogs do not talk and their communication is limited to barking and marking.  Well Man Child was engrossed in some video game so my idea of quick and his were not in alignment.  He also has a bad habit of answering the question, "Are you ready?", when we are walking out the door with, "yah!", but never seems to appear after that?  Perhaps he thinks we are just taking a survey when we ask, "Are your ready?"  But as I mentioned, we are blessed.

  

 

 

 

 

 

A Wrap Of The Market On Friday

rap 

We just realized that Friday was not only the end of the week, but the end of a month.  I really am not looking forward to seeing my results this month as I know we did stinky.  (Financial term meaning we will be drinking cheap scotch tonight.)  I will save that for my post tomorrow.

Since the market ignored all of the bad news this week, blowout quarters from CVX, MRK, and CAT helped drive the indexes even higher.  Goodyear also impressed.  The market did not care that the Chicago manufacturers index was soft as that was offset by stringer consumer spending numbers.

So the DOW finished up almost 50 points to 12811 and the S&P 500 inched up 3 more points to 1364.  The good news is we actually had some inertia with almost one billion shares being traded.  Gold and silver continued their atmospheric rise. 

In other highlights that might be acted upon, MSFT met expectations.  The stock came down as it was acknowledged that PC sales are dropping and as a result Windows 7 sales are soft.   CAT blew away estimates by 53 cents a share and had a lot of nice things to say about the future.  This still look affordable at 115 a share for mid to long (18-36 months) term buy.  Upstream and down stream profits were up at Chevron.  Merck gave some promising forward looking comments suggesting earnings for the full year to beat estimates.  No one had anything nice to say about RIMM and they agreed with that consensus.  The economic news about personal income and personal sending had to be taken with a grain of salt as spending could be up due to inflation and or the devalued dollar.  Buried in the report was the personal savings rate of Americans.  It has fallen from 7.2% to 5.5% over the last two years.  People are spending again and or not paying off their credit cards like we were.  You might keep this in mind, but its current relevance is not clear.  Germany's retail numbers fell by 2.1% in March.  Canada announced a possible cooling of its economy because of its close ties to Japan.  ABT Abbott Labs got an FDA approval for a treatment for men with low testosterone.  The disorder is called hypogonadal or male menopause.  This could be a big seller for ABT.  GD went higher on Friday because of a new Navy contract and MON Monsanto scooted higher for no good reason.  Gold broke 1570 an ounce on Friday. 

 

 

 

 

 

We interrupt this long winded update of what is now ancient history to announce what you already know.  Usama Bin Laden is dead.  The news just crossed our wires about 45 minutes ago.  The US has had his remains for about a week while we tested his DNA.  (How come they can get back the DNA results on CSI and NCIS in 37 minutes on those shows.  They should have sent the tissue samples to CBS laboratories.)   So how ill the market react tomorrow.  My guess is a positive opening. 

So what will this mean to America.  It is my understanding that they will take the body and put it on display at Graceland and charge admission in order to lower the deficit.  Now in order to be fair, illegal aliens will not have to pay to see the body, they can get in free.  If you are large contributor to the Democratic national Committee you will have the opportunity to have your picture taken with the corpse. 

Then the Federal reserve has contracted with the Army Rangers to have the corpse do a two year tour of Museums in North America.  They estimate they can bring in almost as much as King Tutt did in the 70s.  

 

In all honesty we did not finish reading Barron's this weekend so I will have to owe you that update.  As far as a quick peak ahead for tomorrow, The ISM manufacturing index will probably drop a bit and that could cool the market.  Although it seems to obliviously shrug off bad news.  Chesapeake Energy, ADP, and Andarko all report tomorrow and they could make the indexes dance a little.

Other than that, I will have more for you tomorrow night.

 

Salve Lucrum

  

 

 

Salve Lucrum

 

Brian Ireland
BAGAKOAA;

I am not a professional investment advisor. Anybody reading my blog and investing accordingly must be out of their minds. I have made more money than I have lost. There are many more qualified people than I to actually tell you how to invest your money.

BAGAKOAA=Boys And Girls And Kids Of All Ages

Salve Lucrum=Latin for Hurrah for Profit.

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