Ten Things

The deeper meaning to my purchase of 1000 BAC the morning Warren Buffet announced his purchase:  it was a day of otherwise huge import in our family, as Doug and Becca and kids were moving to Barcelona.  For me to make such a purchase just before taking them to the airport was "a signature moment."  We'll see if it works out.

Natural Gas Guru: Ten Things

Natural Gas Guru: Ten Things

Ten Things

Warren Buffet stepped up to the plate on Cramer's Item No. 2 yesterday.  I "bit" for 1000 BAC at near the high of the day and I'm proud of it, although I sold 500 near the low of the day. Jim defended the bullishness of BAC in his opening segment last night, bashing the short-sellers who dumped on the Buffet deal (from the point of view of BAC).  Mainly the Fast Money crowd.

Bath County

Ten Things

OK, so we had this tremendously up day yesterday and some of Cramer's "Ten Things" started to turn around.  This raises the age-old problem.  Since they all have not turned, is this an opportunity to sell????

Review of Ten Things

1. leaders coming back from vacation; ????
2. banks stopping going down; yes except for BAC, which is Blodget's and everybody else's short sale as a proxy for european banks which cannot be shorted anymore.
3. tech's seasonal slump has to end.  On examination of this one it appears the calendar is the only determinant, as this happens in the last week of September.
must be more mergers and acquisitions;
4.   must be more mergers and acquisitions; not that I heard about yesterday, but I was laser-tagging with Owen and his friends yesterday.
5. must be lower stock and gold prices; yes as to the latter only.  So Cramer is saying "Sell this rally."
6. Europe must step up its game; certainly rumblings out of German principals on this one.
7. Brent crude must go below 100;  no help yesterday.
8. China must stop raising rates;  don't know.  How find out?
9. Europe says we'll stick with a VERSION of the euro, not the euro; stay tuned, not yet.
10. must be some stock leadership.  where was the leadership yesterday?  techs and most banks probably.

Ten Things

Cramer has done this before and it is good as a trading guide.  Last night he listed ten things or concepts that had to happen that would make the market good to invest in again.  It is not yet posted, so I will now go down into the barn room and look at it on TIVO and then replicate it here.

When he did this before he didn't wait until all of his list was satisfied before he became bullish again, as I recall.

Based on the ten things we have a ways to wait.

Being old, I can remember only one -- gold going down three straight days.  (It is down this morning in pre- trading.)

OK, here are the 10:

1.   leaders have to come back from vacation;
2.   bank stocks have to stop going down;
3.   tech's seasonal slump has to end;
4.   must be more mergers and acquisitions;
5.   must be lower stock and gold prices;
6.   Europe must step up its game;
7.   Brent crude must go below 100;
8.   China must stop raising rates;
9.   Europe says we'll stick with a VERSION of the euro, not the euro;
10. must be some stock leadership.

Wow! is gold going down or what?  dn 2.91 as I type (GLD, that is, which is 1/10th of real gold).

Through a Screen Brightly

Borrowing in Retirement

http://www.nytimes.com/2011/08/14/realestate/borrowing-in-retirement-mortgages.html?hp 

Cramer Last Night

His shopping list last night:

So what's on our diversified dividend shopping list, after we've had this incredible crack in the stock market?...




Cramer's Diversified Dividend Play #1:

Consolidated Edison, Inc.

Dividend Yield: 4.7%



Cramer's Diversified Dividend Play #2:

Enterprise Products Partners LLC

Dividend Yield: 6%



Cramer's Diversified Dividend Play #3:

Verizon Communications, Inc.

Dividend Yield: 5.8%



Cramer's Diversified Dividend Play #4:

Bristol-Myers Squibb Co.

Dividend Yield: 4.9%



Cramer's Diversified Dividend Play #5:

Darden Restaurants, Inc.

Dividend Yield: 3.7%



Cramer's Diversified Dividend Play #6:

Kimberly-Clark Corporation

Dividend Yield: 4.4%



Cramer's Diversified Dividend Play #7:

International Paper Company

Dividend Yield: 4.4%

Very Important

The following is a repeat citation of a very, very important piece presented to Congress last year.  Deals with Countrywide and, more important, the nuts and bolts of the mrtgage crisis.

http://financialservices.house.gov/Media/file/hearings/111/Levitin111810.pdf 

Duke Time of Day Bill for July 2011 Usage

Scoring for Card Game of 500

http://www.pagat.com/euchre/500.html

Scoring


A cumulative score is kept for each team, to which the score for each hand is added or subtracted. The scores for the various contracts are as follows:



Tricks    Spades Clubs Diamonds Hearts No Trumps Misere

Six           40         60           80      100             120

Seven     140       160         180      200             220

                                                                         Misere 250

Eight       240      260         280      300            320

Nine       340      360         380      400            420

Ten        440      460         480

                                                                      Open Misere 500

                                                   Ten 500 520

S&P's $2 Trillion Error Didn't Change Rating Cut Decision - CNBC

S&P's $2 Trillion Error Didn't Change Rating Cut Decision - CNBC

S and P is a ass.

American Energy