BAGAKOAA; 31 August 2011 The Shame And Embarrassment Of It All

Post 495 CLICK HERE To See Past PostsAugust/2011

The Shame And Embarrassment Of It All

 

Well Man Child nailed two days in a row. As Devin said last night, "Only 45 more months to go." Jack got us home in time for a healthy baked potato dinner. That is it was healthy til I put butter, cheese, salsa, sour cream, and jalapeno peppers on the thing. It was great. Devin enjoyed a nice glass of 2007 Beringer Chardonnay Private Reserve while I had a glass of scotch.

 

Then I was entertained by Devin and Jack working on the assemblage of the binders for school. What a process. Each teacher wanted their own binder and different set of tools. Do these teachers realize they only have 5 minutes between classes?

 

Because of the late finish in football practice and dinner I only had a few minutes to grab photos for the blog last night before putting it to bed.

 

This morning, I checked in at the market open (more later), went for my swim, and got in the office a few minutes late. To my wife's relief I did remember to pick up dog gunkers before I left for the office. I forgot to do the chore a couple of times recently and innocently said, "I forgot, sorry." To which she replied, "30 years, 19 dogs, and 4 million pounds of poop, how do you forget." What women do not understand is that she answered her own question with the question. After 30 years, 19 dogs, and 4 million pounds of poop, I want to forget to pick it up. I remembered today and did a fine job of it, if I do say so myself.

 

I cleaned up about 90 e-mails which included about 22 unsubscribe. The unsubscribe prompts are getting more and more cumbersome every day. I had one this morning which said click here if you want to unsubscribe. I clicked there and it asked for my e-mail? Ok now if I am unsubscribing it means they are sending me an e-mail I do not want so they have my e-mail. When I gave them my e-mail and clicked it asked me what list I wanted to unsubscribe from? Interesting. I chose all of them. When I clicked on all of them they asked my how I got on the list in the first place? Never mind, I'll keep getting the e-mail.

 

I went to the doctor today. He told me my weight was up a little. Hell, I didn't need 18 years of school to figure that out. He is a great doctor and I am one of his youngest patients. I mean these folk are really old. His office is by a rather popular affluent retirement development. Sometimes when I am in the waiting room I really have to wonder if some of these people in the waiting are sleeping or dead. The parking area around his office is really tricky as these folk get in their cars (usually 1985 Cadillacs or Lincolns) and they don't stop until they hit something. That is how they know they have arrived.

 

While I am waiting, I hear the patients making appointments and it kind makes me wonder whether I want to be around that long as the conversation usually goes something like this. "The doctor wants to see me in 6 weeks." The receptionist will say "How about October 5 at 12:00." They will say, "Can my daughter get me here that day?" To which the receptionist will say, "Um, I don't know." Then they will say, "Is that a Monday?" The receptionist will say "No it is a Wednesday." To which the patient will say, "Is that the Wednesday I have the dentist appointment or the Wednesday when I see the podiatrist?" To which the receptionist (who has now taken a quick hit of bourbon.) will say, "Um, I don't know." Then the patient will say, "It's ok honey just put me down for that day and call me the day before like you usually do. I have to have my license renewed before then and hopefully they won't make me take the vision test again because I cheated last time." To which the receptionist (Now finishing the bourbon.) will say, "Yeah, well, good luck with that."

 

Tonight Jack had a party to go to. It was the lineman party before the big game tomorrow. It gave Devin and I a chance to head to Hanna's. The gang did a great job as usual. They were so cool. Devin and I thought we should bring the host of the party a bottle of wine, but driving home was a bit incovienient so I suggested we "borrow" a bottle of wine from Hanna's. Devin was totally embarrassed when I asked Mary if I could borrow a bottle of Beringer 2008 Private Reserve Chardonnay (I knew I had a few of those at home.). Mary was so cool and handed me a bottle and said, "Don't worry about I know where you have dinner 5 nights a week." Dave you have the coolest people. I will bring it or one that looks just like it tomorrow.

 

We got home in time for me to check the homework list and my boy is doing great. NO surprises, just the way we like it. Now its almost ten and we need to get this show on the rode as it was a silly day in the market.

 

 

 

The Shame Of It All

 

I am ashamed. It is easy to sit in a bar or by the water cooler and say I think the market is going to do this or that, but when you have a widely distributed blog with millions of readers (Ok maybe a slight exaggeration) and you are calling the market everyday and specific stock moves, it is very disheartening when the market does not cooperate. Today is no exception.

 

First off my guess for the correction was off today as we again gained another day on the upside. To my shock, IBD announce the market in an uptrend. In looking at the ratings and the number of companies above their 200 day moving average, I would have to say it is in an uptrend. Volume is a little light, but the numbers are headed in the right direction.

 

Then my little play with the LGF Lion's Gates Film did not pop like I had hoped, but did improve throughout the course of the day. We did get our "custodial" accounts easing back into gold with some GLD in each account.

 

The market increased for reasons I can not explain. The news was bad but not as bad as it could have been and I guess people are just looking for a reason to get back in the market. The Chicago ISM survey was down but not as bad as it could have been. Somehow that is supposed to be interpreted as good news. The ADP job report was a little worse than expected and what was expected was bad. How is that interpreted as good news? Friday's job number had better have some nice surprises in it or we think that we will be giving back this weeks gains, but at least we won't lose ground. Perhaps we are celebrating the private sector job gains which are strong. Unfortunately state and federal jobs are expected to take out those gains like a weak kneed quarterback.

 

 

Last knight I downloaded the 10 Page FOMC meeting minutes to my kindle and read the Fed. ZZZZZzzzzzzzzzz What was interesting and a bit unusual was the Panoply (Like that word-stole it from Barron's this morning) of opinions at the Fed Chair level. The debate is active and Bernanke's options are limited. If you want to see what was said and be really depressed, click here.    

 

 

It is game night so I am going to wrap this up. Tomorrow is the first real game for our Freshman Team. We play Long Beach Jordan. We have heard their youngest player is 22 years old. We will see? 

 

I am tired and have a couple more things to take care of tonight so NO ART.  Sorry. 

  

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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