BAGAKOAA; March 19, 2013 The Crooning Pruner 

Post 800 

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March/2013

Monday I went to physical therapy for my hand. It has gotten much better, thank you. Saturday, I went to a wee one's first Birthday party and survived the handshake of a burly tuffty Long Beach fireman without crying. And they say I am not stoic.

 

Well on Monday Kristy, aka, Sister Sadism was so proud of her work she suggested I follow up the appointment with 4-6 hours of pruning.

 

It just so happened I had the equipment at home to execute that therapy. Monday afternoon and for several hours today, I joined Antonio, our foreman, and Dennis for a fun two days of pruning about 100-110 grape vines.

 

Today I insisted that we buy new pruning equipment as I am pretty sure Antonio was dulling the blades on my shears so I would not be as fast as he. On Monday he was doing about 3 vines to everyone of mine. Today it was closer to two.

 

Today while working with Dennis and Antonio, Antonio mentioned we should have musica. So I started singing O Solo Mio. Though impressed for a moment or two, he put his ear buds back in and went on pruning. (Everybody Is a Critic.)

 

It is very rewarding work. Unfortunately our vines have been neglected for about two years so the vine structure is a bit helter skelter. Sometimes deciding what is a trunk or what is a cordon (arm), or what is a shoot, can be a good guess at best.

 

When you take one of these neglected plants and trim them back to their essence, it is kinda neat to see what you end up with. Here is a good illustration of the parts of a vine.

 

Ok enough education. Don't think that because I posted two nights in one week or that I was able to prune for a few hours that things are all settled at Chateau Cronin/Circle D Ranch. Far from it.

 

For the last 5 days we have had a team of two to three guys figuring out our lighting system. It is the most confusing thing we, and they have ever seen. Saturday night, we discovered that the divorced lady who lived here for two years could never figure out what her husband had programmed.

 

Devin has become the best person for not screwing up the lights at night so we have shut most of them off and jack and I walk around with our flashlight app on our iPhone to see where we are going.

 

If we actually try and turn on a light, we could easily illuminate the estimated 130-200 lights on the property causing a brown out for most of South Orange County. So we stumble around the dark with our iPhones.

 

Tonight we wrapped up the day when Devin interrupted a call from my buddy Butch to announce, "IT WAS VERANDA TIME". She extended an invitation to Antonio to join us for a glass of wine. It was great and we all enjoyed the drinks and then Devin made our first homemade meal in the new house.

 

Life Is Good


In the chaos of the day, I was unable to follow the market. In doing a little (very little) homework tonight, I was surprised to see our portfolio up quite a bit today.

 

Despite the market being flat, volatility was on the rise because of the unstableness of the Cypriot Bank deposit situation. (They were talking about a smash and grab from personal banking account to address their budget woes. Please don't give Washington any ideas like that, they will think it is brilliant.)

 

Even the folk in Cyprus realized that might not be a good idea so they abandoned the scheme and are now left to try and figure out how to fix their budget issues. They could always do what we do, NOTHING.

 

As a result of them not addressing their banking issues and the anticipation of Uncle Ben's address following the FOMC meeting tomorrow, volatility and Gold were up. Equities were flat. Since we are hedged with GLD and VXX, we saw some improvement in the buckets of money we have.

 

Things could get interesting tomorrow as we have Bernanke saying something about fed rates, the economy, and possibly the unraveling of QE 1 and QE II. That along with some kind of comment from the ECB or at least the central banking system in Cypress could cause a bit of hiccup in this endless rally. GLD and VXX could rule the day.

 

The good news today should not be overlooked as housing starts and permit numbers show true stability in this over cooked market. Go way back to October 2009, where we said right here in the Salve Lucrum blog that housing and employment were the two keys to the return of a solid market rally. Both are making good strides.

 

If Bernanke says some really nice things about the economy without changing rates or getting too draconian in the QE demolision, we could see another leg to this rally.

 

My money is on the hedge with VXX and GLD. We are also tightening out stops on some very solid gains. Good luck and good pruning.

 

Did anybody notice this is the 800th post of the Salve Lucrum blog since October 2009? 

 

Salve Lucrum
Brian Ireland
 
 
  
Since 3/4/2013
Y to R 2/25/2013
G to Y 2/21/2013
Y to G 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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hannas