BAGAKOAA; November 10, 2012 Slapped Round By The Hands Of Time

Post 738

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November/2012

You are correct I did not post on Friday.  It was one of those days that got crazy.  Actually I enjoyed it and felt right in my element.  Conflicting priorities all day long.  We had to be in several places at the same time.

 

We started out meeting our locksmith at our new commercial building.  Thanks to realtor extraordinaire Ameel (Happy Bday) he arrange for the locksmith to arrive and rekey our building.  We did not want anyone breaking in and taking our, well, our, well, we don't have anything to take yet so well, the new locks make me feel better.

 

Then it was out to round up breakfast for Man Child and Wife while also meeting assistant marvelous (Ellen) for our weekly debrief of how much we spent and how much we no longer make.  Always fun.

 

First Meeting In My New Office

Then there was the lunch meeting with some realtor type folk who must have thought I sold the Apple Company and not PADI, as the investment schemes discussed had me thinking Trump was going to walk in any moment.

 

After that interesting delusional affair, it was out to help Man Child pick out a gift for a buddies Birthday.  I had to remind Man Child that gifts for 16 years olds should not require a Tax Filing.  He gets his generous streak from me.

 

Then it was home to help Devin complete the trimming of the Christmas Tree, 

 

then head back out to fetch Chinese.  Now my lovely wife wanted some wine and even suggested a red with Chinese.  I went out to the wine room and thought I had found an interesting pick.  The 2007 Conte Giovanni Baldeschi Baleani Verdicchio dei Castelli di Jesi Donna Ginevra shoul do it.

 

When I opened it, to my embarrassment it was a white.  Now I drank gallons of Pinot Grigio, and had some nice Verdiccios, Frascatis, and years ago cut me teeth on Bolla Soave, but I would not think of an Italian white.  Well this Verdicchio was surprisingly pleasant.  Devin nailed by saying apply plumish with a little mineral in it.  It went well with the meal and was a great way to wrap the day.

Once the meal was over I intended to head upstairs to do the blog, but the lingering essence of lacquer was too much for me to take two nights in a row.  So off to be I went to read more of my Alexander Elder Book:The New Sell and Sell Short: How To Take Profits, Cut Losses, and Benefit From Price Declines.  A real page turner.  It actually has been very informative but totally designed for the day trader.

 

Today was bit more relaxing as Jack did not have to be to his B Day party till 11:00 am and I could not visit our new building as the electricity has not been established yet.  I even got a chance to watch some college football.  The heartbreaker of the day was the Bama Texas A&M game, lost by Bama with 39 seconds left.

 

Now Devin got a nice dig in this morning as we were enjoying our tea and coffee.  I keep a tall glass to fill dog bowls and coffee makers and it had been washed and put on the top shelf of our kitchen cabinets.  Well I can't reach the darn thing and gave her a hard time about putting things on the top shelf.

 

She turned to me and said, "Don't think I am not going to use the top shelves just because you never grew."  Ouch!  Really though, I have noticed that our bathroom counters come up to my nipples, the toillete seats allow me to swing my feat when I am sitting, and I need a step stool to access my closet cabinets.  Devin's next husband is going to be one really tall dude. 

 

Now Devin enjoys a nice life style and I am thinking her next husband has to be a basketball player.  They are tall and have the money.  Just saying.

 

Speaking of basketball, tonight we had a great meal at Hanna's 

snapper  Lobster Stuffed Snapper

and we enjoyed being served by a young lady named Maggie.  

 

It turns out she is a Laker Girl.  She is very pretty and very intelligent.  Dave manages to bring some incredible talent to the restaurant.

 

Let's see how the week ended on the market.


Did The Bleeding Stop?

 

Price Performance

at 5:03PM EST 11/09/2012

 

DJIA:              12,815.39        +4.07

S&P 500:        1,379.85         +2.34

NASDAQ:        2,904.87        +9.29

 

Friday the market found some support and managed a wee gain.  The Red Flag is still flying, but it was nice to see some stability.  Apple bounced back a touch, which the market always likes.  Consumer sentiment improved again (Who are these people and what newspapers and TV news are they watching.) 

 

DIS dropped a bunch after a nice long run. 

 

On the week, the NASDAQ was off 2.6%, the Dow was off 2,1%, the NYSE was off 2.2%, and the S&P 500 was off 2.4%.  After the rally we have had since June 5th, that ain't too drastic a correction.  We are not sure its over, but it is an organized sell off and a practical reaction to the election results.

 

Tomorrow, we look forward to devouring this weeks Barron's ( always like to see if Alan Ableson's meds are working) and looking into our crystal ball for the short week.  We will also try our luck at some day trading as we have not done much in while and this is a decent volatile climate to make money on swing trades.  In the mean time keep reading and honing that watch list.

 

Salve Lucrum

 

 

 

 

 

 

 

 

 

Brian Ireland
 
 
Since 10/10/2012
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.

2012 Year Ending

Dow 13,073

S&P 500 1,358

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