BAGAKOAA; 21 November 2011 Brian Said They'll Be Days Like This

Post 541 CLICK HERE To See Past PostsNovember/2011

We left you Saturday with the description of the Basketball Kick Off Breakfast. (Now I know a thing or two about marketing, and shouldn't a basketball event reference basketball terms like Jump Ball or something like that?) Anyway we had a great time.

 

The rest of the day we worked on the blog a bit, we made a couple of beautiful pan roasted New York Strip Steaks with Bruschetta at home. (Would have done strange things with little animals for a glass of cab with that steak.) If you are not worried about your cholesterol or fat grams here is a great tip for Pan Fried Steaks. Turn the heat to high high high until the pan is smoking. Sear the meat for about 1-1.5 minutes on each side. Cook till the desired wellness, then at the last second, put a tad of real butter on each side. I mean a teeny tiny bit o butter. Mmmmmm.

 

Devin and I relaxed on the couch and watched a DVRd version of Blue Bloods.

blue bloods

Good show. However, on an island with about 3-4 million folk and about 11,000 cops, how come we see Tom Selleck's son the detective assigned to every case discovered by Tom Selleck's beat cop kid and prosecuted by Tom Selleck's sulty daughter. What's up with that, or as they say on the street of Niw Yack, "Was up a dat?"

 

We then went upstairs and I moseyed into the office to tighten up some portfolios (Including the one across the pond) and do my weekly homework on the market and economics. We also read a great piece in the Weekend WSJ called the United States of Europe, 2021. It is a fictional but plausible look at what Europe might look like ten years from now. We also started Grisham's new book Litigator's.

litigators

Got off to a good start, could be a good one.

 

Sunday morning the iffy weather had me thinking we would not be out on the course, but we had a clear window of about 4 hours. I went out and really stunk up the place. 114, ties my worst round ever. I guess playing 2 hours every 60 days does not improve a game. On the 10th tee I asked the guys, should I just throw it in the woods now or actually hit it. They convinced me to hit it. Shoulda thrown that sucker in the woods. I really was terrible. I think my actual stoke count was closer to 70, but I picked up so many times and did not finish the hole that it's hard to say. We played with Tim, Tom, and Mike, we missed Russ who is now on some huge avocado plantation about 90 minutes sough of us. Hope we see him every week.

 

In the Cloudy Apple Dog House

 

When we got home I decided to finally sync my lovely's wife iPhone and iPad to our iCloud. Now just for background if you are not familiar, the new Apple operating system IOS5, allows for pushing content into the Apple server system called iCloud. So you take a picture with your iPhone and it goes out into cyberspace and resides on a server bank in (Oregon) I think. Then magically you turn on your iPad and your iPad goes searching through the severs in Oregon and sucks it down the content into your iPad. There you have it, the iCloud.

 

Well I asked my lovely bride about the fact that everyone on our iTunes account was managed through my primary account, all the content on the iCloud would be an amalgamation of Jack's Content and My Content. I discovered that when Jack and I got on the iCloud. I suddenly had 254 teenagers in my contact list and he had 7 Congressman, 4 Senators, 3 Attorney Generals, and several Minister's of Tourism form around the world in his contact list. Tom Cruises and Nicole Kidman's e-mail address. (PADI Divers).

 

Devin said that would be OK. Then when I did the iOS 5 upgrade and got her iPhone all squared away (About 45 minutes of work), she said she did not like having all those contacts. UgggggH. So I said I would have to set up a new iTunes account for her. Well she had had Mac accounts and Mobile Me accounts and every configuration of her usernames and passwords were not useable. I finally of some thing that would work. I backed up her iPhone and did a restore and tried to get her on her new account and EVERYTHING was gone. I know I was big dodo. I spent the next two hours rebuilding her iPhone as best I could but could not get the 279 photos and videos that I backed up back into her iPhone. I finally found them on my PC (I think), but cannot figure out how to repopulate the photos on her restored iPhone. Does any body have Tim Cook's number?

 

Then as the evening hours were upon us, we got a call from Kristin who was headed down to visit us so she could see her doctor in the morning. She was not feeling well as she drove through the rain on the nasty freeways of California. She said she could make to the hospital a few more miles down the road. We met her there and Devin supervised the medical staff to make sure we were taken care of properly and was able to get Kristin home in comfort at a reasonable dinner hour, much to my surprise. Kudo's to the team at Hoag Hospital Irvine.

 

Out of respect for her privacy, all we will say is she is feeling much better and is doing well.

 

Today we got to take Jack to BBall practice at 6:00 am. I thought I might be able to buy my way out of iCloud Apple Doghouse with an early morning Diet Coke from Jack In The Box, but they weren't open at 5:51 am. I got home and went for a swim on a very cold morning (about 42 degrees). After taking care of few chores and taking some more losses in the accounts, we made our way into the salt mines.

 

While Devin accompanied Kristin to a few doctors appointsments, our dog groomers showed up at 11:30, my lunch hour. Guess where I went for lunch? Yeah I got to hand over dogs to the groomer while whoofing (sorry about the inadvertent pun) down a 5 day old meatloaf sandwich. Mmmmm good!

Brian Said They'll Be Days Like This.

 

Well we did say in our post on Sunday to expect a 4% drop in the market by Wednesday. It came fast and furious. It was ugly.  Here is the "heat map" from FINVIZ to show you how ugly it was.  Red is down, green is up. 

We were down 300 points at one time on the DOW.

 

To our surprise, despite all the carnage, the VIX (and our VXX options) did not move too much today. On top of the continued Euro Scare and the sudden realization that the The Super Committee is Not So Super, we had the S&P fall below their 50 day moving average. That escalated the markets fall by triggers some high frequency automatic trading.

 

Our primary portfolio SALVE LUCRM was down 1.41% today so it our performed the overall market. We did close out some loosing positions today as they triggered the 8% down rule. We sold UA, NUAN, and our remaining AMZN out of all accounts.

 

Here is a snap shot of the Salve Lucrum Portfolio.

nov 21 salve lucrum

You will see my big winner have not changed. They are the bonds we have collected over the last three years. We are 26% cash, 25% bonds and the rest are equity related. As you can see BPI and AAPL are very close to being sold off. Hope this helps those that ask occasionally what is in our portfolio.         

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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