Checked into the Stoneliegh Hotel in Dallas for my daughter Patty’s wedding. We are here for a week. Internet access still sucks. Last time I spent a week in this hotel was after Hurricane Ike hit Houston. We stayed here till our power came back. That was also the week the market got murdered. I remember following Joe Donohue,Upsidetrader,tweets. He was short the world and as the market collapsed he pressed his bets. It was indeed impressive. I would try to make the occasional dip buy and then lose my internet connection,only to find out by watching the TV or calling my broker I had had my head crushed in. Then when my internet would come back I would see Joe had shorted where I had bought. It was a painful day in learning you don’t fight the flow,you make the market your friend. If the wind is in your face all you have to do is turn around and its at your back. I love shorting but am long various stocks long term so I am hoping this isn’t a repeat of that black week a few years ago. Whatever happens I am going to follow what Joe does this time.
On another note it really sucks NFLX chooses to implode the day I am out of the office. I knew at some time my cancellation of NFLX subscription would be too much for the stock to handle.
Monday, May 16, 2011
Wednesday, April 27, 2011
There will be no inflation
It is obvious after today to even the most economically illiterate, the government is in the process of monetizing it’s debt. Simply put,the US government is gonna screw anyone who is a saver,lives on fixed income, or any country that has bought US debt.
In a perverse way it is also a massive redistribution of wealth. It is destroying the value of dollar to pay back debts built up financing social and entitlement programs. This inflation will also help pay for the millions of government employees and their sweet health and retirement programs.
How can any person think they are capable of managing something as massive as the US economy and its money supply is beyond me,but both Bin Greenspan and Uncle Benny believe they are up to the job. They are central planners,like the Wizard of Oz behind the curtain,with the same amount of effectiveness.
It’s really no surprise,governments have been robbing citizens since the beginning of time through various methods of inflation. Before the advent of paper money and the magic printing press,rulers had to physically change the size of coins. Coins got smaller and smaller till there was nothing left.
It is surprising the central planners are sticking to this there is no inflation story. I guess they figure,if we were stupid enough to vote them in we are also stupid enough to believe there is no inflation.
You see wages are not going up,homes are not going up in price,and technology devices are falling in price. But oil,food,commodities,stocks are going through the roof. Never forget these are same scoundrels who caused the financial crisis by forcing banks to loan money to people who could not fog a mirror.
In truth there is no way out. We either stop spending and live within our means,which will cause a slowdown and a painful recession,but with tax reform and smaller government the US economy will rebound from it stronger than ever or we keep printing money, destroy our currency, and let society fall into chaos. Doesn’t seem like that difficult a choice,unless you are a US politician.
In the meantime I will spend more time in meditation.Inhale,there is no inflation,exhale. Repeat.
In a perverse way it is also a massive redistribution of wealth. It is destroying the value of dollar to pay back debts built up financing social and entitlement programs. This inflation will also help pay for the millions of government employees and their sweet health and retirement programs.
How can any person think they are capable of managing something as massive as the US economy and its money supply is beyond me,but both Bin Greenspan and Uncle Benny believe they are up to the job. They are central planners,like the Wizard of Oz behind the curtain,with the same amount of effectiveness.
It’s really no surprise,governments have been robbing citizens since the beginning of time through various methods of inflation. Before the advent of paper money and the magic printing press,rulers had to physically change the size of coins. Coins got smaller and smaller till there was nothing left.
It is surprising the central planners are sticking to this there is no inflation story. I guess they figure,if we were stupid enough to vote them in we are also stupid enough to believe there is no inflation.
You see wages are not going up,homes are not going up in price,and technology devices are falling in price. But oil,food,commodities,stocks are going through the roof. Never forget these are same scoundrels who caused the financial crisis by forcing banks to loan money to people who could not fog a mirror.
In truth there is no way out. We either stop spending and live within our means,which will cause a slowdown and a painful recession,but with tax reform and smaller government the US economy will rebound from it stronger than ever or we keep printing money, destroy our currency, and let society fall into chaos. Doesn’t seem like that difficult a choice,unless you are a US politician.
In the meantime I will spend more time in meditation.Inhale,there is no inflation,exhale. Repeat.
Tuesday, April 12, 2011
Some swing thoughts I worked on tonight
1.
1.Take it back slow
2.Keep left foot on ground
3.Keep right foot on ground
4. Drop it in the slot
5.Fire the hips
6.Bump the hips
7.Release through the ball
8.Keep head still
9.Let head move
10.Visualize
11.Wait on it. This used to make a lot of sense when I drank.
12.Keep a light grip
13.Keep your mind clear of clutter
14. Bend knees more
15. Stand more upright
16. Change equipment
17.Short NFLX
18.Keep body behind ball
19.Arnies Grip
20.Keep head behind ball
21.WTF every happened to Jimmy Balard
22.Swing around the body
23.Fire through the ball
24.How many strokes will Boehner give Obama
25.Really, a movie rental company is the market lead. Really?
e it back slow
2.Keep left foot on ground
3.Keep right foot on ground
4. Drop it in the slot
5.Fire the hips
6.Bump the hips
7.Release through the ball
8.Keep head still
9.Let head move
10.Visualize
11.Wait on it. This used to make a lot of sense when I drank.
12.Keep a light grip
13.Keep your mind clear of clutter
14. Bend knees more
15. Stand more upright
16. Change equipment
17.Short NFLX
18.Keep body behind ball
19.Arnies Grip
20.Keep head behind ball
21.WTF every happened to Jimmy Ballard
22.Swing around the body
23.Fire through the ball
24.How many strokes will Boehner give Obama
25.Really, a movie rental company is the market leader. Really?
26.Never think or say the word "shank".
Monday, January 31, 2011
Ten Worst Shots in Golf
1. Baker Finch hits building on 18 from #1 tee on Old Course.
2.Norman almost hits auto on display in middle of lake on 18th at Doral,with a 7 iron!
3.Norman power shanks 4 iron 2nd shot on 18th in 1986 Masters deep into gallery to lose Masters.
3. Seve hits a drop kick duck hook 4 iron on 15 in 1986 Masters,to lose same Masters
4.Davis Love 3 whacks 20ft putt to lose US Open. Left 2 putts short.
5.Norman hits driver putting fairway trap into play in sudden death at Troon. Norman loses again.
6. Phils power shank drive on #18 2006 Open at Winged Foot..
7.Anytime Weiskopf played #12 at Augusta.
8. Me,Texas State Am. Stonebridge Dye,1990. Tried to hit a 3 iron 3 times on #12,a 220 par 3 over water with a 30 mph sideways wind. One putted for 13 and then parred out for 92. Never hit a 3 iron over 200yds in my life,so I have no idea what I was trying to do.
9.Numerous Norman shots the day he laid down and let Faldo run him over.
10. Me again, Back to School Tourney,1969. Someone told me on 18th tee, a 185yd uphill 3 that I had a 2 shot lead. With a gallery behind green,car lot to the right,shaking like a dog,I opted for a hard duck hook into the junk yard that bordered the left side. Punch out, 3 putt to miss playoff by 1 shot. Cried on way home,then got drunk.
2.Norman almost hits auto on display in middle of lake on 18th at Doral,with a 7 iron!
3.Norman power shanks 4 iron 2nd shot on 18th in 1986 Masters deep into gallery to lose Masters.
3. Seve hits a drop kick duck hook 4 iron on 15 in 1986 Masters,to lose same Masters
4.Davis Love 3 whacks 20ft putt to lose US Open. Left 2 putts short.
5.Norman hits driver putting fairway trap into play in sudden death at Troon. Norman loses again.
6. Phils power shank drive on #18 2006 Open at Winged Foot..
7.Anytime Weiskopf played #12 at Augusta.
8. Me,Texas State Am. Stonebridge Dye,1990. Tried to hit a 3 iron 3 times on #12,a 220 par 3 over water with a 30 mph sideways wind. One putted for 13 and then parred out for 92. Never hit a 3 iron over 200yds in my life,so I have no idea what I was trying to do.
9.Numerous Norman shots the day he laid down and let Faldo run him over.
10. Me again, Back to School Tourney,1969. Someone told me on 18th tee, a 185yd uphill 3 that I had a 2 shot lead. With a gallery behind green,car lot to the right,shaking like a dog,I opted for a hard duck hook into the junk yard that bordered the left side. Punch out, 3 putt to miss playoff by 1 shot. Cried on way home,then got drunk.
Thursday, January 27, 2011
The Absolute Worst Ten Things in Texas
1. Shiela Jackson Lee
2. August
3.September
4.Joel Osteen
5.Dallas
6.Houston Texans
7.Dallas Cowboys
8.Galveston
9.The people who elected Shiela Jackson Lee
10. Fort Stockton
2. August
3.September
4.Joel Osteen
5.Dallas
6.Houston Texans
7.Dallas Cowboys
8.Galveston
9.The people who elected Shiela Jackson Lee
10. Fort Stockton
Thursday, January 6, 2011
What a Way to Start the New Year
We all hope to make a bingo in every scrabble game,nothing is better than the expression on your opponents face,especially if said opponent is your wife,when you lay all 7 down. When I saw my first set of tiles,I knew immediately I had at least one word. I played STIFFED. Boom! In the next set of tiles I decided to keep the letters N G,in hopes of playing off the I in STIFFED or maybe picking up another I. Then on my third turn I play PREENING. Boom another Bingo. My total of 367 was low for having 2 bingos but what can you do. First play in a long time. Too long. One other nice play was V-ANS,that picked AXE and JOBS.
Monday, December 27, 2010
My 15 predictions for 2011
1.Liberals and other lunatics will blame the severe winter on global warming
2.Obama will learn to speak in public without using a teleprompter(maybe)
3.Tiger will win one Major.
4.Republicans will rightly finger Obama and Bennies easy money policy for $150 oil. Obama will blame greedy oil companies.
5.No Republicans will be caught soliciting sex from men or women in any public restrooms
6.Republicans and Democratic staffers will again make a fortune trading stocks
7. Doug Kass will announce he is net short the market
8. MSBC will hire the creepy Donny Deutsch to replace the dolt Kieth Olberman
9. The Street Dot Com will cease to exist
10. Miami Heat will shoot more free throws than any team in history.
11.Alan Greenspan will warn us of Inflation
12.Barney Frank will blame Republicans for Democrats looting of Fannie and Freddie.
13.Doug Kass will announce he is all in short the market
14. Hillary Clinton will divorce Waskally Willy.
15. Jim Cramer will give the all clear to buy stocks
2.Obama will learn to speak in public without using a teleprompter(maybe)
3.Tiger will win one Major.
4.Republicans will rightly finger Obama and Bennies easy money policy for $150 oil. Obama will blame greedy oil companies.
5.No Republicans will be caught soliciting sex from men or women in any public restrooms
6.Republicans and Democratic staffers will again make a fortune trading stocks
7. Doug Kass will announce he is net short the market
8. MSBC will hire the creepy Donny Deutsch to replace the dolt Kieth Olberman
9. The Street Dot Com will cease to exist
10. Miami Heat will shoot more free throws than any team in history.
11.Alan Greenspan will warn us of Inflation
12.Barney Frank will blame Republicans for Democrats looting of Fannie and Freddie.
13.Doug Kass will announce he is all in short the market
14. Hillary Clinton will divorce Waskally Willy.
15. Jim Cramer will give the all clear to buy stocks
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