Chapter Two Sights and Scenes along the ICW The rain hadn’t stopped as we eased our way out of The Boatyard at Hampstead. Gerald and his crew watched to see if we cleared the tight channel. The mechanic, Steve, was standing on the pier, next …
The ICW Chapter One: Picking up the boat Gerald is about 5’10” and has the handsome good looks women flock to. And he has the quiet confidence men are drawn to. Gerald could be thirty or over forty, in great shape, sporting a ruddy tan …
Bloggers have a short life. Not in terms of years on Earth, but how long they continue to blog. The novice gets pretty excited to communicate her/his thoughts, knowledge and nonsense. Initially the blogger leaves the computer on all night, just in case there is …
The Markets How does one describe a 3.5% daily decline as a relief. ‘Cause they were headed lower. And the market finished off it’s lows. At 3pm the DOW was ninety points lower. So, someone was buying in the last hour. That is a relief. …
The Markets Yeah, someone is buying at these levels. But a whole lot of money must be thrown at the market at these levels for the bulls to win the round. Why the banks were profitable in January/February. And why we were sucked in. What …
The Markets Optimism is being smashed this morning as futures portray a 2% decline. Early morning futures were much worse than currently. The rally has given us a 21% gain and that is being be tested. Banks and autos being crushed as Geithner and Obama …
The Markets The bulls didn’t have the muscle as traders took profits. And, well they should. Markets closed down about 2%, oil off 4%, bonds up. Now we hope for no follow-through day on Monday. But profit taking never made a man poor and as …
Dow off 110, about 1 12%. But there is some green here and there and some are still banking on window dressing this afternoon. Financial stocks are the greenies and that is viewed positively. Them that got us here mentality. Speaking of banks, gosh, this …
The Market Everything is down hard; oil, gold, equities and even bonds are off a bit. It seems the correction I had forecast five days ago, and about 647 Dow points, may be at hand. But portfolio managers may also use the next three trading …
The Markets Markets responded to better than expected earnings from Best Buy, a blow-out Treasury auction and Geithner’s Congressional testimony. The Best Buy news evidenced consumers still thirsty for electronic gadgets and entertainment. I was in our local store yesterday and didn’t notice huge crowds, …