Wednesday, October 21, 2009

More is Always Better

Been listening to a lot of banter about extending the home buyer tax credit by the bought and paid for shills on CNBC and the shill of all shills the National Association of Realtors (NAR). Heck with extending it, why not triple it, just like a relative of mines ex-wife who used to think, if the recipe says 1 teaspoon of cinnamon in the apple pie is good, then 10 teaspoons should be ten times as good!

Yes my readers more must always be better. Bless her heart, she was very intelligent but just not that bright(there is an enormous difference there), which would make her eminently qualified to run the Fed, the Treasury and better yet the House Financial Services committee.

In the "More Green Shoots' department, we got news today that 23 yes 23 states reported higher unemployment in the month of September. But why would we let such a lagging indicator, yeah right!, get in the way of a good, market wide, pump and dump scheme.

So just in case you think I am exclusively focusing on such lagging, mundane, useless indicators like rising unemployment numbers I thought you might find this piece on deserted shopping mall interesting. Again the complaints will most surely come that I am focusing on yet another useless indicator, vacant commercial real estate.

Before I forget I want to take a moment to wish a very Happy Birthday to Jr. Deputy Accountant blog which turns 1 today !

For those that do not have this one on their daily reading list Jr. Deputy is one of the best out there, one which I visit multiple times daily. She is to the Federal Reserve and its regional governors as the slave was who walked behind the Caesar (Marcus Aerelius I think) reminding him how mortal he was.

Happy Birthday again Jr. Deputy.... you go girl !

Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
Long 1 unit Direxion Small Cap 3X Bear ticker TZA @ $11.35
Long 1 unit Direxion Emerg Mkts 3X Bear ticker EDZ @ $6.05
Long 1 unit Direxion Financial 3X Bear ticker FAZ @ $19.09
Long 1 unit Ultrashort Xinhua China ticker FXP @ $8.32
Long 1 unit Ultrashort Real Estate ticker SRS @ $9.82
Long 1 unit Ultrashort Russell 2K ticker TWM @ $27.50 stop @ $26.40
Long 1 unit Uranium Energy ticker UEC @ $3.60 stops @ $3.09/$3.18

Short 1 unit i-shares Russell 2K ticker IWM @ $61.70 stop @ $63.80
Short 1 unit Vornado ticker VNO @ $68.30 stop @ $70.71
Short 1 unit Bed Bath ticker BBBY @ $37.75 stop @ $38.41

No comments: