Big Blue & Orange, huh? I know one office that can't wait for basketball season to come back around!
- Raaaaaaid! Checking in at the Roach Motel.
- And just like that, front month crude futes are up a deuce (2%) and back above $50/brl.
- Speaking of which, please note that the commodity complex is en fuego this morning. Corn, Coffee and Soy are all up 2.5%+ as the CRB retests the magical 300 level. Precursor to a dollar decline?
- Fish Sticks!
- With Kevin Depew's arrival to the 'Ville, the Wildcat nation is flexing their chest. Kentucky alums Roney and Meehan are already talking smack to the Orangemen Fish and Harrison.
- Murray N. Rothbard, Las Vegas, September 1991
- For those jonsing for some of Pepe's greatest hits, here's a samplin' to wet ye whistle:
Off To the Races, June 3, 2003
The Saratoga Bounce, July 30, 2003
Me, A Value Investor?, July 31, 2003
Bull Spread in the 7th Race, August 4, 2003
- The horse is a horse, of course of course.
- "Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation." -- Ben "gimme the keys and I'll show you how to print!" Bernanke.
- Elmer's Glue is gonna spew.
- "Google is still perfect, the bubble is floating and they can do everything," Mr. Gates told the moderator sarcastically at a conference on digital technology, sponsored by The Wall Street Journal, at a resort in this town 35 miles north of San Diego. "You should buy their stock at any price."
- The buzz is alive for Minyans in the Mountains II! Not just for the fantastic financial forum-although we have a tremendous line-up-but for the network of human capital. I just hope that Professor Succo still digs the 'Ville after my long-awaited softball redemption. Yeah, we're gonna open a can of hurt on Brother John!
- I think we should all chip in and build Maggie a sandbox!
- "For the near term [Sir John] Templeton is very negative on U.S. equities, until we deal with our debt load, the housing and commodity bubbles and problems from globalization. He is also negative on Japanese stocks and he is shorting them too."
- We just sent Pledge Farley to a prominent hedge fund manager upstairs and told him not to leave until he got the keys to the clearing house. It's the little things in life that make each day special.
- There's nothing wrong with a little pizza on her time!
- Some days on the News & Views will be chock full of content and other days will be a bit slower. The goal, as always, will be to have value added information rather than "filler" (as some sites tend to do). The Buzz, so you know, is all content, all day (just keepin' ya up).
- Sloppy sectors include the semis (-1.5%), the trannies (-1%), cyclicals (-1%) and the Russell (-1%).
- Snaps to the Spurs for stepping up and silencing their critics. I'm still rootin' for Phoenix (sorry Minyan Steve Kerr) but I have oodles of respect for the San Antonio squad.
- Mr. Bernanke is on the tape saying that China should move expeditiously on the Yuan. Earth to Ben--they're not listening. He also noted that the GSE's pose a risk to the US financial system. What gave it away? The debt? The derivatives? The accounting irregularity? I feel like I'm eating crazy pills over here.
- Denial-Migration-Panic? The 'first' pullback will be explained away as the alleviation of an overbought condition.
- Keep an eye on DJIA 10,400 as we edge back towards the 200-day.
- I'm gonna try and scribe some morning vibe and then turn over the Con to Collins and Co. For those scooting for a long weekend, have a healthy, safe and enjoyable holiday and I'll see you next Tuesday!
Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at firstname.lastname@example.org.
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