BAGAKOAA; January 17, 2013  So Many Maladies, So Little Time 

Post 775

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January/2013

Don't worry, I am not going to talk about my broken hand. Well, Ok just for a minute. Two more things I found extremely difficult to do with 1.3 hands.  

 

Tightening my belt, and clipping my finger nails.

 

I have been on a relatively high calcium diet. (to my chagrin, there is no calcium in scotch.) On top of one Tums, three times a day, I am drinking 2% milk. All that calcium is growing my finger nails quite rapidly. As I mentioned, Devin and I enjoyed a mani-pedi last Friday together. However my fingernails were getting long again.

 

Yesterday I put the clippers in my bad hand, and you would be amazed at how much leverage I do NOT have. I could not clip my nails. I even tried putting the clippers on the desk and tried hitting them with a stapler. No that did not work.

 

I finally got the correct leverage on the clippers and cut the nails of steel.

 

Exhausted, I went to my master closet to dress. Now I have made a cognizant effort to eat less, since my doctors were quite impressed with my blood pressure as they were my fracture. I am trying to eat less than a fist full of food at each meal.

 

Now when experimenting with this approach to a life style change, I could imagine all food groups in the serving size of one fist, except scotch. No matter how I tried to fit scotch into my fist, it would drain right through without leaving any mass. I figured it must do the same in my body as well.

 

The good news is, it is working, because I have lost a couple pounds over the last couple weeks. The problem is, I must use all my strength to cinch up my belt with my right hand. That really smarts on the hand.

 

I tried going out with loose droopy drawers, and the hip hop look just does not work for me. Even with a cool swagger and the bright red cast, I just look like some chubby old guy with a broken hand who is too lazy to cinch his belt.

 

But this blog is not about me. Well, yeah it is, because it's my blog, so I will occasionally talk about me. I will talk about you all sometimes. Hey Bob from Utah new reader. You should know I went into the house and cried after I shook your hand a few days before Christmas. Thomas L. new old reader, hope you are enjoying China.

 

ANYway, again I have readers that had recent maladies and they wanted a mention in the blog. I swear, one of them even sent me a photo for publishing.

 

Karen, who had shoulder surgery a while back thought that lifting wine glasses every night, was all the physical therapy her shoulder needed. From personal experience, it ain't so. She had a procedure to manipulate her shoulder again in order to start the healing process all over again. Today was that day.

 

Here is a shot of Karen before her procedure.

      

Here is a shot after her procedure.

 

They must be on an HMO.

 

My lovely wife was spending time with Karen today as her husband had a grueling schedule at the office this week. I remember those days. Mmmmmmm.

 

While Devin was keeping company with Karen and loom knitting what will end up being the world's largest infinity scarf, I mozied over to Mission Hospital (yes Steve, I was in your building and did not call. Gonna hear about that.) to deliver some reading material to yet another reader, Mary Kate.

 

Mary Kate was all snuggled up in her Cardiac Intensive Care Unit bed with two of her children by her bedside. I brought her today's Journal and IBD and visited for a while.

 

She provided the grizzly details of how she ended up in Mission Hospital. Out of respect for her privacy, I will only say, when you are out of breath from crossing a room, don't ignore it for three days. All indications are she will be fine after a few days rest. Our thoughts and prayers are with her for a speedy recovery.

 

Tommorow, bright and early, Jack has his wisdom teeth yanked. Mary Kate suggested we video Jack coming out of the amnesia, as her videos of her boy waking up provides them with hours of family entertainment. Mary Kate, look up the word Karma.

 

Tonight I reminded Jack to takes his vitamins. He takes a vitamin C tablet and I recently bought him the big chewable tablets. He asked if he could swallow it or if he had to chew it. Well, I can swallow 18 pills of all sizes and colors in one gulp with no liquid. I was not the one to ask.

 

A few minutes later Jack is coming down stairs with eyes as big as basketballs, and a look of panic, as the tablet was lodged in the back of his throat. I was glad I had not run out and bought his new XBOX game as I thought for a moment his XBOX days were over.

 

I told him not to panic as the tablet would dissolve eventually. I was watching a cable show about mobsters as the color was returning to Jack's face. As I watched I saw a story about Crazy Joey Gallo who got gunned down outside Umberto's Clam house on Mulberry Street in Little Italy.

 

I pressed rewind and showed Jack and he realized that is where I took Ryan and Jack in October. Jack could see right where he was standing and saw the actual crime photos of where we were standing. He thought it was cool. The food was better at Angelo's, down the street.

 

   

 


 Your First Loss Is Always The Sweetest

 

As we mentioned, we worked with one of our readers to establish her first position. She did all the homework and read all the tea leaves and chose COF Capitol One. One of the reasons she chose it was on my advice that it was a big week for financials and it should be a decent earnings season for them.

 

Her luck was holding up pretty good as most of the bank earnings were ok to good. Today started out as a mixed bag with some real nice economic news (jobs and housing) but to Banking movers having apparently poor earnings. (BAC and C) Then after the close, we saw COF report and it was not pretty.

 

We will be doing a forensic on the earnings report, but I am guessing they expensed some charges from their ING acquisition that most analyst assumed they would written off. We will see.

 

Anyway, our reader has a tight protective stop which should trigger at the opening. Her losses will be manageable and she is already looking at JNJ ABT VZ BHI TXT BAX UNP BMY XRX PG as possible plays for a swing trade next week.

 

Did The S&P Break Out Today?

 

By all accounts, the S&P 500 close at 1,480 could be a big deal. There was a clear respected resistance line at 1,475. It had been tested and respected three times recently. Keep an eye out if it holds through the close tomorrow as it could mean a nice run for a while.

 

Elsewhere in the market today, we talked about jobs and housing and BAC and C. Oh yeah, jitters (in the form of kidnapping and killing) in the middle east, well actually the Saharan Regions of the Algerian Gas complex, caused a spike in oil and gas prices. Gold followed that lead with a notch up today.

 

A report today in the Journal cited a study showing that younger investors (Ygeners) are choosing ETFs over mutual funds. I can't say I blame them. I have an acquaintance who recently sacrificed a 4% load fee in a mutual fund that could have been replicated in a proprietary Schwab ETF for a thirty dollar fee. Thirty dollars versus 4,000 dollars. ETFs are looking good.

 

I have 3 put options due to expire worthless (MSFT, INTC, and PG) on the 19th. These were PUT options I sold back in November. They expire so we get to keep the premium. This is fun.


 

Salve Lucrum 

 


Brian Ireland
 
 
Since 12/31/2012
G to Y 12/27/2012
BAGAKOAA;

I am not a professional investment adviser. Anybody reading my blog and investing accordingly must be out of their minds. I have made more money than I have lost. Except for a nasty VXX trade is 2012.   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.

 

Brian's estimate :

2013 Year Ending

Dow 14,361

S&P 500

1,610

 

2012 Year Ending

Dow 13,073

Actual 13,104

S&P 500 1,358

Actual 1,426

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