BAGAKOAA; 28 March 2012 A Quickie Tonight

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March/2012

Last night after my blog, I had a chance to read my daughter's new blog. I can't say too much about it yet as she will be using this for intellectual fodder for a program and products down the road a ways. It was well put together and I had much pride in the brief but entertaining read. When appropriate, I will invite you all to partake of the 51% Solution Blog.

 

I also had the pride of congratulating one of our reader's family member for surpassing a very important miles stone in the scuba industry. Peter's, a reader from South Africa, colleague and friend, brother Gregg has trained more than 1,000 divers. (Yes they were PADI Divers.) Now this is not an exaggeration and we know because we actually keep records of that sort. Kudo's to Gregg. Peter, let him know he made the blog read on every continent in the world except Antarctica.  

 

Jack had a late day today so that let me get in a tad earlier than usual. It was nice to be prepared for a meeting for a change.

 

Then it was clean up e-mails and head home at lunch to pack up the truck for the long drive to Utah tomorrow. Yes I will be taking a could days off of blogging so you will have to read something else.

 

Here are a few suggestions. Try reading the Afforable Health Care Bill aka Obama care. You would be the first on your block, no in your city, no in your state, no in the country who has finished all 2,472 pages. Then you can chime in on whether it is constitutional or not. Then you can read the constitution to see if we have really meant to have three branches of government, because some one sent a very passionate plea from the White House to the Supreme Court to be flexible with the term mandatory enrollment.

 

Or for more fun while I am off, read about the US Bureau of Ships, established by Congress in June 1940. They were responsible for the design, construction, conversion, procurement, maintenance, and repair of ships and other craft for the Navy; managing shipyards, repair facilities, laboratories, and shore stations; developing specifications for fuels and lubricants; and conducting salvage operations. There budget was less than 4 million dollars. (Big money back then) and they were responsible for commissioning 1,100 ships in their first 24 months and they had a staff of 28 people.

 

But time rolls on, and the Bureau of Ships became the Naval Ship Systems Command in the 60s and Today is known as the NavSea, Naval Sea Systems Command whose budget (2010) exceeds 30 billion dollars, has more than 60,000 enlisted and civilian workers and will commission 3 ships this year and is responsible for 110 ships world wide. Got to Love Progress.

 

After work I enjoyed a farewell dinner at Hanna's with a new server, Hillary, who did a great job. I also ran into PGA pro Bobbie Schaffer who handles all the details for Dave Hanna's annual trip to The Masters. I will not be going this year, but will be living vicariously through people like Bobbie and Dave. I hope they have a great year.

 

 Dinner was spectacular and Dennis and Ted seemed to have a good time. The joint was jumpin. Dennis and I will be Utah bound tomorrow morning.

Now you can enjoy my absence.

It is late so we will share with you the Salve Lucrum Family note from the late afternoon today.

 

Boys And Girls;

 

I was not at the opening of the market today, but got in just in time to see we were having a soft day, actually flat at that time. (About 7:30AM PST).

 

The market took another turn for the worse today. The good news is we did not pick up a distribution day from trading on Tuesday (thought it was close) so the Green Flag is still flying and we have 6 distribution days for the NYSE, 4 for the S&P 500, and 2 for the Nasdaq. Today's action was moderate and too close for me to call, but if I am a betting guy, we would say we might pick up one distribution day on the Nasdaq.

 

So what is causing this two day correction? Well it could be gravity. We were due for a pull back and the fact this drop was over powering is a good sign. The Durable goods order, coming in a day after China's pity party does not bode well for the global economy. Mortgage apps were soft as well. The UK and France each had lackluster GDP figures. Considering all of that, a half a point down illustrates the resilience of this rally.

 

Oil came down and so did gold. Part of that was because of a slight increase in the dollar against other currencies and some of it was just some profit taking. Gold has some other structural issues happening. Indian Jewelers are striking because of a new tax and regulations. As such the largest buyer of gold had been absent from the market over the last couple of days.  

 

In the background of the market today was all the noise from the Supreme Courts review of the Affordable Health Care proposal.

 

Let's look at the portfolio.

 

MSFT

 

Off the market to the downsize, but no relevant news to explain the move. I will write it off to quarter ending profit taking. In a side article Edge Research released a very positive paper on Cloud Usage. It is expanding more than anticipated and looks to grow exponentially. MSFT and others are well postioned.

 

XOM

 

Down a little more than the market, but in line with the underlying commodity.

 

CELG

 

Basically in line no news.

 

UNFI

 

Outperformed, but I have no explanation.

 

MGRC

 

Down more than one point. No reason I can see.

 

AAPL

 

It continues to climb.

 

ACETO

 

It was up about .25% today on no relevant news.

 

LMT

 

Down below market movement. No clear explanation. It could be some collateral damage from the idea that Embraer will gobble up all the C-130 Herc orders, but I am thinking it has more to do with tidying up some portfolios.

 

GWW

 

Some apparent profit taking to this down a notch today.

 

As we head into April, the water could be choppy. I am headed to Utah for the weekend to check on the house. I will be locking down stops on everyone's account (Except that one joint account I don't touch-you know who you are.) I will be checking the market Friday at the opening.

 

Salve Lucrum

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Brian Ireland
Since 12/21/2011
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.

2012 Year Ending

Dow 13,073

S&P 500 1,358

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