This is an excerpt from a larger essay on two towns, South Royalton, Vermont and Mt Olive, North Carolina. The following recaps an extraordinary New Year’s Eve spent in Mt Olive two years ago. Mt. Olive, North Carolina December 31, 2006 Barbara Jean and Mr. …
Some links I have used over the last year and have bookmarked. THE SHARK REPORT The Shark, according to his bio, is/was a CPA. A man of few words he has an uncanny feel for the market’s direction and for day trading. Technology Investor …
High yield bonds continue to improve. According to Merrill Lynch, average risk premiums on junk bonds fell to 19.25 this week from 19.55 last week. Two weeks ago the premium was 20.18. With an historic default rate of about 4 1/2%, recent junk bond pricing …
Interesting divergence in the Euro/Yen pairs trade. Should it continue with an unexpectedly stronger Euro we could see more implementation of the Yen carry trade. This could lead to more cash being thrown into US equities. Lets watch this, a potential bullish scenario for US …
My wife and I smirked and snorted at some of the lines by the nun played by Meryl Streep. Both of us recall the stern looks, the blind obedience demanded and the harsh, unloving manner by our respective grade school principals. Doubt was probably a …
The stock is a momentum name and was hurt badly by fund liquidations. Stock is up from $33 this month so I will be careful with entry point. Bunge, based in White Plains, NY, primarily operates in South America. It has three businesses; Agribusiness, Fertilizer …
Good Morning As Israel/Hamas fight escalates the prices for both gold and oil rise. Recent price behavior for oil has been a strong opening and a quick fade by 10am. Unless the Gaza turmoil escalates I expect oil to resume its recent pattern, down. Storage …
Before you go into the movie, go. A.O. Scott, the NYT’s movie reviewer writes that Brad Pitt has mastered the art of reticence as Benjamin Button. I have to agree here. Pitt never really lets himself go, really go, as he did in Burn after …
Put a fork in me, I’m done for the week. Another travel day tomorrow and then busy with family. You should be too, busy with family I mean. Hope you are enjoying these posts and that we can meet again next week.
A disappointing day. Once again my gold positions (DGP, GLD) bailed me out. That’s not a good sign. Corporate bonds are getting the nod from numerous quarters. I painted that picture last week: junk bonds historically have a 4 1/2% default rate but have recently …