BAGAKOAA; March 20, 2013 Hey, Hey It's Your Birthday 

Post 801

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March/2013

Ok, only three people noted and acknowledged the 800 mark yesterday of the Salve Lucrum blog. To the three of you, thanks for noticing and thanks for reading. It's good to be back to blogging again after this recent break.

 

I just got back from PT and chose not to prune because I got all squeaky clean before my appointment and endured a few minutes in the "car wash" and don't particularly want to get all hot and sweaty.

 

Besides I want to save some pruning for Dave Hanna, my daughter, my son, and at least one photo opp of the whole famn damily pruning. (Devin refuses saying she is a rancher cowgirl, not a farmer.)

 

Speaking of daughter, today my daughter has a birthday. We are planning to head over to this great restaurant called Hanna's. We hear they have great food and great service. Yeah, it has been a while.

 

About thirty years ago today, we lived in Redding, California and Devin went into labor at about six AM. She did not deliver till five PM and ruined the whole weekend. I was exhausted by the time Devin finally finished.

 

She got to lie around all day long while I had to stand by her side taking all kinds of verbal abuse as she went through the various stages of child birth. (And she says I am not stoic.) By the time we left the hospital, (Devin's parent were with me.) I was famished.

 

We went to Angelo's Pizza on Sacramento St. I went home after dinner and then it hit me. I was a dad. At 26 years old and the maturity of a 14 year old, what the heck was I doing reproducing. It was real scary. That poor child.

 

Those were the lean years. No, I was pudgy even back then, but we had diddly squat. Devin and I remember rummaging for money in the couch to go buy formula for that infant thing. At least once or twice a month, there were tough decisions like, do we buy McDonald's or Baby Food, or toilette paper or diapers.

 

We even lost our house. It was back in the good old days of 19-20% interest rates and we had bought a home with a 17.8% mortgage which we thought was great. With 20% mortgages, home building came to a complete halt and my welding supply sales job left me calling on welders who were not welding.

 

Thanks to the help of Dennis and Jerene, we got back on our feet and our daughter did not starve. She forgot our sacrifices when she went into the teen years insisting that we morons who knew nothing. Then she realized she would need transportation and college funds and we were geniuses once more.

 

We are blessed because she turned out to be a well educated opinionated woman and now a mother to be. I do not know how she got to be so opinionated, as her mother is such a self abiding wall flower keeping her ideas and opinions to herself. Whoda thought.

 

Happy Birthday Darling Daughter


We said last night that if Cypress does not rock the boat and Bernanke keeps the status quo and does not hint about a reversal of his Dovish monetary stance, the rally could continue. My bet was against all of the above and I was mistaken.

 

The fed decided to keep its accommodative stance and T bills traded lower on the news, equities continued said rally, gold corrected downward, and oil bumped up a bit (more to do with an inventory issue not a currency or economic play.).

 

In the back round of all that we had a drop in mortgage applications, which looks like a minor set back to the housing picture. While we had Adobe and GIS beat expectations many eye are thinking about the AA play in two weeks as we start off the next earnings season.

 

Worth noting, ADBE and FDX gave fourth quarter guidance that was less than optimistic. Both companies beat, but ADBE was up today and FDX was way down. Long term, FDX below 100 look interesting.

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