This is pretty f'n sick:
And every night they take a few boats down, 5 more pop out of nowhere. Good luck winning this fight...
Sunday, April 19, 2009
Japs to Hunt Pirates
This is great...the Japanese are going out to hunt the Somali Pirates.
They do not have a real military but they are going after the Pirates. Odds on that the Pirates take these saps out. And don't get me started on the Japanese trying to get back all the rice the Pirates have looted so far this year....
You Can Tax Stupidity!
Driving home today I noticed local police pulling people over left and right. Wanna know why? They were talking on their cell phones without them being hands free. Give me a friggin break. I find this new enforcement infuriating and here is why. What is the difference between talking and holding a phone to your ear or talking hands free? Either way you are concentrating on talking to someone else. Moreover, what is the difference between talking to someone on a cell phone and someone in the back seat? Right. There is NONE.
So why the sudden rash of enforcement? Car accidents? Near misses? Enforcing public policy? No, No, and No. The simple answer is taxes. At $100 a pop as a penalty, whether you plead guilty, innocent, fight it or try to cop a plea, that shit adds up. Expect more of it. Much more. It is like selling crack cocaine to these local municipalities that are strapped for cash now. I would not be surprised if cops were told that if they did not generate $X.00 in revenue per day they will lose their jobs.
Given how stupid people really are, this is quite simply--a tax on stupidity. How difficult is it to get a blue tooth system either for your car or a headset for your handset? How hard is it? Cheaper than a hundo too.
One last thought--what is the difference between me futzing around with my in-dash GPS and holding a cell phone to my ear? Exactly....
--The Angry Trader
So why the sudden rash of enforcement? Car accidents? Near misses? Enforcing public policy? No, No, and No. The simple answer is taxes. At $100 a pop as a penalty, whether you plead guilty, innocent, fight it or try to cop a plea, that shit adds up. Expect more of it. Much more. It is like selling crack cocaine to these local municipalities that are strapped for cash now. I would not be surprised if cops were told that if they did not generate $X.00 in revenue per day they will lose their jobs.
Given how stupid people really are, this is quite simply--a tax on stupidity. How difficult is it to get a blue tooth system either for your car or a headset for your handset? How hard is it? Cheaper than a hundo too.
One last thought--what is the difference between me futzing around with my in-dash GPS and holding a cell phone to my ear? Exactly....
--The Angry Trader
Poll Results!!
While the market began to rip, the question was posed, "Which bank will fail first?" All I can say is that I look like the biggest jackass on the planet for publishing that as ALL banks pretty much doubled. What is funny is that there was a decent amount of replies and it was Bank of America outpacing Citi, believe it or not by a score of 66% to 33%. The horrible timing of the prior question posed begs the new question: Will a bank fail? Spend a minute thinking, and click a response.
<----Me caught short.
The Truth about Green Cars--Chow it
Check this bozo out. Hyping green cars that use electricity either as the primary or dual source of fuel. This guy is a TOOL. He looks like Dwight Shrute and has no emotion. He hypes ethanol which is in a transitionary period from type 1 to 2 and until that becomes viable in terms of delivery at the pump on a mass distribution model, it will never take hold. Most importantly to my underlying point is that anyone who is talking about GREEN and CARS that involve ELECTRICITY is a MORON.
Why?
I can do this in under 30 Words:
You plug your car into an electric outlet in your garage. You get your electricity to fuel your car from a COAL BURNING PLANT.
Get it? You can drive to work without polluting, but the COAL BURNING FURNACE that POLLUTES THE AIR LIKE IT'S CHINA does it all before you turn your key.
So you all can now get off of your soap boxes and mow it. You see--it is ALL a lie.
--The Especially Bitter and Angry Trader
Why?
I can do this in under 30 Words:
You plug your car into an electric outlet in your garage. You get your electricity to fuel your car from a COAL BURNING PLANT.
Get it? You can drive to work without polluting, but the COAL BURNING FURNACE that POLLUTES THE AIR LIKE IT'S CHINA does it all before you turn your key.
So you all can now get off of your soap boxes and mow it. You see--it is ALL a lie.
--The Especially Bitter and Angry Trader
Market Misery
So the tape has ripped for 6 weeks, up up and away! Hiyoooooo! Everyone should be so friggin psyched, yes? NOT. Few if any were heavily positioned on the long side 6 weeks ago. 3 weeks into the rally, even fewer were believers that this had any legs.
Bad news over the past 6 weeks has been interpreted as good. This has been the fuel to the fire as the market has climbed a truly impressive wall of worry. That is what drives stocks higher. That wall of worry. But I have to ask you all--when is this second derivative move going to end? My feeling is very soon--yes I know that there is a TON of fresh $$$ on the sidelines, but we are not rallying on fundamentals--we are back to the hope and hype trade.
Take a look at analyst reports and recommendations--they are talking about POWER numbers and out 12 months--raising multiples as we trough. All of this equates to what I like to call, "pulling it out of their collective asses." They don't know. Historically, there are metrics to follow, consult and base assumptions off of. Not this time. To me that is the most interesting element of this downturn. People keep looking for historical trends but look past the Depression as their reference point. Even over the last year +. it took months of downward pressure to have people finally look at the Great Depression as a true reference, forgetting 87, 97 and other recessionary periods.
So to bring this whole long winded piece full circle, we are not looking at good, great or even OK fundamentals. We are looking at numbers not being down 35%+ year over year and that has jacked this market to multiples that are not only unsustainable but unhealthy as well.
If you have been long, book those profits and sit back. If things do return to normal seasonality, we will watch the "sell in May" phenom take place over the next few months. As it is now--we will not know if true seasonality has normalized until late August or early September.
I would not be surprised to see this market pull back to the mid 600 level over the next several months before we collectively can determine if we will be really coming out of this economic downturn.
--The Angry Trader
Bad news over the past 6 weeks has been interpreted as good. This has been the fuel to the fire as the market has climbed a truly impressive wall of worry. That is what drives stocks higher. That wall of worry. But I have to ask you all--when is this second derivative move going to end? My feeling is very soon--yes I know that there is a TON of fresh $$$ on the sidelines, but we are not rallying on fundamentals--we are back to the hope and hype trade.
Take a look at analyst reports and recommendations--they are talking about POWER numbers and out 12 months--raising multiples as we trough. All of this equates to what I like to call, "pulling it out of their collective asses." They don't know. Historically, there are metrics to follow, consult and base assumptions off of. Not this time. To me that is the most interesting element of this downturn. People keep looking for historical trends but look past the Depression as their reference point. Even over the last year +. it took months of downward pressure to have people finally look at the Great Depression as a true reference, forgetting 87, 97 and other recessionary periods.
So to bring this whole long winded piece full circle, we are not looking at good, great or even OK fundamentals. We are looking at numbers not being down 35%+ year over year and that has jacked this market to multiples that are not only unsustainable but unhealthy as well.
If you have been long, book those profits and sit back. If things do return to normal seasonality, we will watch the "sell in May" phenom take place over the next few months. As it is now--we will not know if true seasonality has normalized until late August or early September.
I would not be surprised to see this market pull back to the mid 600 level over the next several months before we collectively can determine if we will be really coming out of this economic downturn.
--The Angry Trader
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