BAGAKOAA; 14 April 2012 Mr. Manic Depressive Market

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April/2012

On the Road Again and Again and Again.

 

We are back in beautiful California. My fellow family members did not want to come home. They were quite happy living in Utah with no homework, no contractors, no hectic schedule, no problems at all. With Jerene's help we pried their hands off the furniture and got on the road at 8:15 am to head home.

 

Now Devin and I have an agreement about convoy driving, I have to lead but she will not tell me how fast I can go. I will give a you a couple of minutes to think about that one. So I get to be in front, but I cannot do the speed limit and in many cases no where near the speed limit. Now I will not say my lovely wife has control issues, but her concerns about flying have a lot to do with the fact that they will not let her fly the plane. She would feel a lot better if they would just let her take the controls. 234 other people would be scared to death, but Devin would be feeling much better. But I digress.

 

So there I am on the freeway just south of Provo Utah with Man Child and two dogs who are now in the back seat versus the back of the F 250 truck with the Snug Top back. The reason why they are in the back seat is because Devin felt it would be too cold for them in the back back. It was about 30 degrees when I first went out to heat the truck and scrape snow and ice off the windows at 6:10 am. By the time we left 8:15ish, the sun was out about 40 degrees on the way to 65 ish, but the hounds had settled in for the 650 mile drive home.

 

Anyway, back on the I-15 Freeway south of Provo. I was trying to drive as slow as I could to make sure Devin was comfortable with my driving, but when an Amish couple with a mule driven wagon passed me and flipped me off, I knew we were in for a long day. Jerene took over driving in Beaver, Utah. I have been to Beaver about 20 times now and never seen one there. I've seen a half a dozen in the Provo river but not one beaver in Beaver. Funny how that works. I've seem sheep, cow, and pigs in Beaver, but never a beaver. (The Pigs were in a transport truck looking through those little holes saying wee wee wee are going for a truck ride. Dumb little animals, pigs are.) Anyway I wonder if they should call it Livestock, Utah. That would be more accurate than Beaver, Utah. But I exponentially digressed.

 

On the Road Again

 

Things we going fine and we even made it through Las Vegas with nare any traffic. We fueld up at Jean, Nevada near Stateline. There is a correctional facility (JAIL) in Jean, Nevada. In the late 80s early 90s, Mayor Lurie came up with the great idea. They were trying to crack down on prostitution on Clark County (Las Vegas) as the business was getting out of hand. In the good old days when entrepreneurial famlies ran Las Vegas, prostitution was out of site but a thriving business. When these families were asked to leave Las Vegas in the late 70s and 80s, the adult entertainment industry moved from select locations in casino's and hotels (Cleopatra's Barge in Caesar's was prime real estate for the trade. Remember I read a lot.) to the Strip itself. I remember one night in 1982 ish, driving from Tropicana Blvd., to Flamingo Blvd., a distance of 1 mile and having 5 friendly females ask me if I wanted to give them a ride.

 

At the time if one of these lovely professionals were picked up, they were booked downtown and would be back on the street in about two to three hours. Mayor Lurie, arranged for the ladies to be held down town, then bused 30 miles to the Jean facility for booking. Now these poor girls were out of jail after booking, but were now 30 miles from Las Vegas. It cleaned up the "walkers" after about a month. But I digress.

 

On the Road Again.

 

We made it to Barstow, CA, home to what was the busiest McDonald's in the world. (It is now a McDonald's in, yes you guessed it Beaver Utah, just kidding, it is Beijing China. In Barstow, we did not stop, but we started getting rain. Now if you have never driven in California in the rain, there are basically two categories of drivers during a rain storm.

 

The first category are those "OMG it's raining I must slam on my brakes and drive so slow that anyone behind me will mess their pants when they come barreling into the back of my car driver". Then there is the "Yeehah, its raining so instead of driving 23 miles per hour over the speed limit, I can drive 43 miles over the speed limit because I have no tread on my tires and can't stop from hitting this moron who just slammed on their breaks anyway, driver".

 

The 10 miles or so from Barstow took almost three hours making it an 11 hour day. It was still good to be home. Thanks Jerene for driving most of the way back.

 

Today we got busy early and Devin took Jack to pick out a Man Child mattress as his room is done. I started the long task of organizing a few shelves now that we are actually near the end of our construction project. Don't get me wrong we still have a punch list as long as an Irish Priest Homily, but we are near the end.

 

I also made dinner which today was a fresh bay scallop/Basa ceviche and a 4 cheese, corn, pea, chicken casserole. Served with a 2010 Hanna's Savignon Blanc. (No relation to Dave's Place, except the names are the same.) Kristin and Ryan joined us for dinner, then we all opened our tax packages from our Tax Man, Tom Bingham (who I have been using since 1985 when I grossed $22,189.00). We did the signing of the returns. I can't wait to see all the cool things Gerry Brown and our Congress will do with all that money. Don't forget Boys and Girls, Tuseday Night Mid Night be there or be fined.

 

Its late so let's get to the part that all five of you actually read.

Mr. Manic Depressive Market;

 

If you know anything about people who take medication to control personality disorders, the biggest problem is when they take their meds and they feel so good they believe they no longer need their meds so they stop taking them. Well, Mr. Market is kinda like those folk. You see, Mr. Market was really messed up after the global financial crisis. Then Dr. Feelgood Bernanke and Nurse Guitner juiced Mr. Market with a shot of QEI and a slow drip of QE II. Then Mr. Market discovered that QE I is over and QE II is just about over, and Mr. Market is feeling good, but does not really know why. Yeah there is some good, not great, but good economic data dripping through the IV tube, but at the same time Mr. Market is hearing foot steps. (China is cooling off, Italy could not find a buyer for bonds, Spain could find buyers but had to pay an unsustainable rate to those buyers. What's that, a rocket out of North Korea? Are they going to close the Straits of Hormuz? Consumer confidence is waning? Greece is leaving the EU? But wait, Alcoa beat estimates. The Euro is stabilizing. Greece is only 2% of the entire EU GDP.)

 

This is the situation in the market. (Watch out for next Thursday's Spanish Bond Float and hold on to your seats. We do not think it will go well and Mr. Market could have a nervous break down or anxiety attack (We would peg it at 2% on the day). If this is the overdue correction, yes we are in a RED FLAG situation, we have more correcting ahead. Obviously we did not get the follow through day we had hoped for after Wednesday up day.

 

We will be reading Barron's tomorrow and seeing what lies ahead this week to prognosticate how we might end the week. I was spot on with this weeks guess.

 

See I told you the market would be down 2% this week. It was down just about that much on Tuesday at the close. The week ended down just about 1.4%. Since that was the damage for the week, we would say we have more carnage ahead. The market broke downward through some psychologically important benchmarks this week. On Monday the DJIA broke through its 50 day moving average. Now that might mean anything to you, but to many fund managers and a whole bunch of computer driven trading programs, that a sell sell sell trigger.

 

Enjoy your Sunday before I give you the bad news tomorrow night. Of course we could be wrong.

 

Salve Lucrum 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Brian Ireland
 
Since 4/5/2012
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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Dow 13,073

S&P 500 1,358

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