Mr. Sensitive

September 27, 2013

FSX Friday Update

Filed under: Uncategorized — lbej @ 17:50

The market drifted lower this week amid partisan bickering in Washington and confusion at the Federal Reserve.  The former—which I ranted about earlier today—is a non-issue for the market, but the latter is a problem.  This is a Fed-driven market and has been since the lows in March 2009, and the taper/no-taper kerfuffle within the FOMC is unnerving traders accustomed to the steady hand of Gentle Ben Bernanke.   After preparing the market for a September taper for months, the Fed tossed out the calendar and the playbook last week.  Now, with stocks up 20% this year despite diddly-squat in terms of revenue growth, a newly data-dependent Fed is a source of volatility rather than stability.  The clowns in Congress are nothing more than a sideshow—now if only they knew that.

The Family Stock Index continued to outperform the broader market this week , extending its QTD advantage over the S&P to 193 bps with one trading day left.  The FSX made yet another new high on Tuesday, but internals deteriorated during the balance of the week (decliners swamped advancers two-to-one) and the index closed lower for the week, down 0.7% to 16,438.

Advancers

  • Marcus (MCS) +3.7%.  Marcus continues to steamroll through September, finishing atop the FSX advancers list for the second straight week.  He’s just two months away from his meconium moment, and the rumors of more positive changes to come have pushed his stock to levels not seen since 2008.  I don’t comment on rumors, of course, but the MCS bulls are certainly making themselves heard.
  • Katie (CATY) +1.8%.  I’ve realized that when Team DW takes the website live—next week, mostly likely—I should not turn right around and start revising DW Book 2 immediately.  The effect would be like making a sharp turn at 70 mph, only in my head instead of in a car.  Katie, of course, is riding shotgun in this particular head/car, and investors are no doubt relieved that I’m tentatively planning a two-week delay.
  • Lee (TGI) +1.3%.  Tentatively.
  • Mario the Elder (MGEE) +1.2%.  As the market predicted last week, the Pirates did, in fact, make the playoffs for the first time since Katie was just a few years older than Jenny is now.  Think about that for a minute, everyone…now stop thinking about baseball completely and get your mind back on football where it belongs.
  • Nicole M. (COLM) +1.1%.  Mario the Younger is planning to tackle next week’s update, and presumably he’ll have some insight into Nicole’s positive move—in a down market, no less.  I don’t know anything about anything, as my son regularly points out to me.

Decliners

  • Mario the Younger (MAR) -1.9%.  It’s a lot of pressure, though, writing the update.  You don’t get any feedback unless you insult someone, and some people make it really hard to refrain from flinging the insults.
  • LULU -2.1%.  Of course, by ‘people’  I mean ‘cats,’ and by ‘insults’ I mean ‘rocks.’
  • Jodi Ann (JOY) -3.2%.  You know what’s really gross?  Meconium.  Even the word is gross.
  • Jenny (JNY) -6.5%.  One of the two swings on our backyard playset finally gave up the ghost this past week, leaving Jenny with just one.  If there’s anything in the world Jenny loves more than reading and listening to music while she swings, I don’t know what it is.  That playset may be the one thing standing between Jenny and unrestrained teenage angst, and now we’re down to one working swing.
Name Ticker 9/27/2013 Change
Brinkley BCO $27.86 unch
Charlotte ICE $181.28 -0.85
Dustin DST $76.09 -0.65
Ghost Marisa MOLXA $38.26 -0.17
Icarus FAST $50.01 -0.15
Jenny JNY $15.14 -1.06
Jodi Ann JOY $51.21 -1.70
Justin SCI $18.63 -0.02
Katie CATY $23.13 +0.42
Lee TGI $70.23 +0.93
Lisa LNCE $28.94 -0.24
Lucas LEI $1.26 -0.06
Lulu LULU $72.02 -1.57
Marcus MCS $14.74 +0.52
Mario T.E. MGEE $54.87 +0.64
Mario T.Y. MAR $42.35 -0.82
Namilita NL $11.07 -0.35
Nicole E. NICE $40.86 -0.05
Nicole M. COLM $60.54 +0.66
Reagan REGN $305.65 +4.85
Ruby RJET $12.57 -0.41
Wilson WILC $7.09 -0.08
Winston ED $55.15 -0.82
Zero ZAGG $4.58 +0.07
Zondro ZQK $6.96 +0.14

 

There Will Be No U.S. Debt Default

Filed under: Uncategorized — lbej @ 13:14

Let’s just get this out of the way right now: the financial markets—stocks, bonds, futures, options, all of it—do not care about this government shutdown/debt ceiling nonsense.  Markets don’t care, and neither should anyone else, and let me tell you why: the United States will not default on its debt.  We may get a government shutdown, however brief, if House Republicans hate health care reform so much that they’re willing to lose control of the lower chamber in 2014 just to pitch a fit about it.  Now it’s looking like Boehner may get a clean CR to avoid a shutdown next week because he’s convinced the lunatics in his caucus that they have more leverage over the debt ceiling, despite the fact that the White House is refusing to stake the full faith and credit of the United State on the outcome of budget squabbles.  The reality is that Boehner and the corporatists he represents aren’t willing to do that any more than Obama is, but they can’t tell the crazies that—not yet, anyway.  If the House and Senate agree to avert a government shutdown next week, it will be because Boehner tricked the crazies into fighting the wrong battle.  I don’t envy the corporatists the meltdown they’ll have when the teabaggers figure it out, but ultimately, that’s what happens when you get into bed with anti-everything whackos in order to win a presidential election that you instead lose.  So here are my predictions for the coming showdown:

  1. We may or may not get a shutdown next week.  I’m leaning toward no (about 70/30), meaning the House will pass a continuing resolution to fund the government without the anti-Obamacare provisions.
  2. The debt ceiling will be raised, and there will be no U.S. default—this is a guarantee.  There is no chance of a default.  Zero.  The corporatists and richies might be willing to stomach a brief government shutdown—damage to markets should be minimal—but they will absolutely not allow a default.  A U.S. Treasury default would tank global stock and bond markets and while the longer-term economic shockwaves will hurt people at all income and wealth levels, the damage to financial assets will be instant and extreme, meaning the folks who fund the Republican Party will suffer first.  So it’s not happening.  Boehner and the corporatists will vote with Democrats if they have to, party unity be damned.
  3. None of these issues will be solved until the last minute, because the look-at-me prima donnas in both parties won’t get off the stage until they absolutely have to.  The debt ceiling in particular is a fait accompli and everyone in both parties knows it, but they’ll drag out the proceedings anyway because they’re awful, awful people.
  4. There will be no grand bargain and any resolutions will be temporary, as in lasting no more than a year.  The reason is the same as for prediction #3—these grandstanding buffoons will be in false-drama-withdrawal by December, if not before then.

It’s all political theater, and the long-term consequences may be significant, at least in terms of damage to the institutional credibility of the government and its effectiveness as an instrument of the people’s will.  However, there will be zero impact on the multinational corporations whose fortunes are measured by the stock market.  So the market doesn’t care.

Either way, once we get past October 1st I should at least be delivered from the torment of the endless Ted Cruz ‘call now to sign the voice petition and stop Obamacare’ commercials on CNBC.  Does his face always look like that?  He has to have gotten Botox to force his eyebrows into permanent ‘deeply-concerned’ position.  And how can you sign a petition over the phone?  That’s what it says: ‘sign the voice petition.’  Give me a break.  ‘This is our last chance to stop Obamacare,’ the commercial declares.  No, that was last year’s election, which Obama won.  Now get the hell off my TV, Ted.  I never thought it would be possible to miss the Cialis commercials, but you live and learn, I guess.

September 24, 2013

Brinky Cup – Week 3 Results

Filed under: Uncategorized — lbej @ 07:50

Week 3 of the 2013 NFL season produced some big surprises: the Colts beat up the 49ers, the Panthers beat down the Giants, the Ravens throttled the Texans, and Aaron Rodgers is maybe not quite as transcendent as he thinks he is.  The only thing that is surprising about the Brinky Cup results for the week is the level of overall stinkyness on display.  The best record was 9-7, and that was shared by seven Cuppers.  As a result, there was little differentiation in the standings…at the top, anyway.  Jenny and Marcus continue to push Mario, and almost everyone is still within sight of the leaders.  Almost.

The Bizarro Brinky Cup is already shaping up to be a titanic struggle.  The usual suspects are there—Ruby and Charlotte—but this year Brinky himself is making a push for un-dominance.  His 9-7 Week 1 record was uninspiring, but he followed that up by going 7-25 over the last two weeks, a breathtakingly putrid performance that proves he means (Bizarro) business.

Games Back Week 3
Mario T.Y. 9-7
Jenny 3 9-7
Marcus 3 8-8
Dark Mario 3 7-9
Justin 5 7-9
Lisa 6 9-7
Jodi Ann 6 8-8
Dark Katie 6 8-8
Reagan 7 9-7
Katie 7 9-7
Mario T.E. 7 7-9
Tara 7 6-10
Lee 7 5-11
Dark Lee 8 9-7
Nicole E. 9 9-7
Ruby 14 4-12
Charlotte 15 7-9
Brinkley 16 4-12

 

September 21, 2013

FSX Saturday Morning Update

Filed under: Uncategorized — lbej @ 09:34

This was Fed Week—I mean, every week is Fed Week, but this time, seriously, it was Fed Week.  And the market loved it, just like it has for the last five years (and +9000 Dow points).  Over the weekend, Larry Summers, unqualified slimeball and Obama fave, withdrew his name from consideration for the position of Fed Chairman.  This is awkward for President Obama, because the reason he fired Ben Bernanke in the first place is so that he could appoint his buddy Larry to the second-most-powerful office in the country.

benandl

Too bad for him that several senators from his own party (including my favorite, Elizabeth Warren) told the president in no uncertain terms that a Summers nomination wouldn’t make it out of committee.  When I learned about that righteous smackdown, I felt better about being a registered Democrat than I have in a long, long time.  With yet another fight with the lunatics in the House looming, this was not the time for Obama to do something so stupid as nominate that cretin Summers.  Anyway, now it’s on to Nominee B for Team Obama, probably Janet Yellen.

obamayellen

Ha ha ha ha ha.

The market rallied on Monday in response to the Summers bitch-slap, then held its gains through mid-week.  Wednesday was the Fed Day in this Fed Week, with the latest FOMC pronouncement on monetary policy scheduled for 2 pm.  Everyone expected a tapering of the Fed’s bond-buying program.  Everyone.  Ben and his lieutenants have been preparing the markets for a September reduction in QE for months, and the only lingering doubts were regarding the size of the reduction ($10 billion to $15 billion was the consensus expectation).  The Bernanke Fed has been emphasizing transparency and communication, and there was no way they wouldn’t taper.

They didn’t taper.

The Fed announced that economic conditions didn’t justify a reduction in the size of the bond-buying program, and that the Fed would continue to add $85 billion in bonds to its balance sheet each month going forward.  Furthermore, they said there was no timetable for a taper.  In response, the Dow and the S&P 500 immediately soared to all-time highs.

Damn it all to hell, Ben.

This is going to end badly.  Ludicrously easy money that does nothing to reduce unemployment (structural investment and trade flows prevent that) and only boosts corporate earnings and bank reserves?  Check.  Stock prices at stretched valuations on top of managed earnings dependent on cost cutting in the face of dwindling revenues (gosh-darned structural investment and trade flows again)?  Check.  The biggest asset bubble in the history of the world—the bond market—inflated recklessly and fecklessly by the Federal Reserve?  Check.  How in the hell are we going to get back to anything like a free market?  I have no idea.  The only thing that’s clear to me is that there’s now but one reasonable choice Obama can make when he picks a nominee to lead the Fed:

Ben Bernanke.

There’s no way Bernanke should get to ride off into the sunset without having to deal with the consequences of his bubble-blowing—that’s what Greenspan did, and how did that turn out?

You know, maybe that’s why Summers bowed out.  The rats are the first ones to desert a sinking ship, after all, and they sure as hell don’t ask to be captain.

The Family Stock Index likewise rallied to yet another all-time high, outperforming the major averages for a third straight week.  Even after a Friday pullback, the 16,556 closing level represents a 9.2% advance in just three weeks and erases all of the August losses.  I did my best to restrain the irrational exuberance, but there’s only so much one man can do in the face of a bubble.  Jodi Ann tried to help—go Team ’77!—and Zero made a token effort, but the other 22 were all in.  The sky’s the limit, maybe, but the ground hurts.  I’m just saying.

Advancers

  • Marcus (MCS) +8.9%.  There comes a point in every man’s life when he has to tell the pinheads to talk to the hand, and this may be the time for Marcus.  Separately, can we bring back ‘talk to the hand?’  I think it’s time.
  • Lulu (LULU +7.6%) and Charlotte’s cats (NL +5.7%).  Marisa’s off the market (and still dead), so there was a run on cats this week.  It’s simple supply and demand.
  • Jenny (JNY) +6.0%.  Jenny has straight As so far, and she’s as excited about what she’s being taught as I’ve ever seen her.  Plus she’s a good kid.  Is this really what middle school is going to be like?  It’s a good thing I have this big wood desk, because I’m going to have to keep knocking on it.
  • Nicole E. (NICE) +4.9%.  When Team DW breaks through to fame fortune and fortune in the entertainment biz, I imagine Nicole will be the one to open up whatever professional cans of whoop-ass need opening.  She’s hard-core.
  • Ruby (RJET) +4.9%.  Speaking of hard-core, Ruby is swimming 60 miles a day and planning to weigh 60 pounds by her 60th birthday.  That’s the word on the street, anyway.
  • Mario the Elder (MGEE) +4.1%.  The market is saying the Pirates will make the playoffs.  Did you catch that?  It was the first time I’ve ever mentioned baseball in the FSX update, and I expect it to be the last.
  • Reagan (REGN) +3.7%.  Reagan crossed the $300 barrier for the first time this week.  When I started the FSX in April 2010, REGN was at $26.  Just let that sink in.

Decliners

  • Jodi Ann (JOY) -1.7%.  I knew she’d get her Brinky Cup picks in on time this week, really.  Shame on the market for doubting.
  • Lee (TGI) -7.5%.  Ugh.  I put out a press release this week (I have got to stop doing that) disclosing that program costs would be higher than expected.  That was a sanitary way of saying I’m $68 million over budget.  Look—I know, okay?  You don’t have be a jerk about it.  I have one thing to say in my defense:  it’s time to stop arguing and agree that “Get Lucky” is a much, much better song than “Blurred Lines.”  It’s the only way we can all move forward together.  Thank you.

 

Name Ticker 9/20/2013 Check
Brinkley BCO $27.86 +0.71
Charlotte ICE $182.13 +1.60
Dustin DST $76.74 +1.96
Ghost Marisa MOLXA $38.43 +0.11
Icarus FAST $50.16 +0.08
Jenny JNY $16.20 +0.91
Jodi Ann JOY $52.91 -0.89
Justin SCI $18.65 +0.22
Katie CATY $22.71 +0.31
Lee TGI $69.30 -5.60
Lisa LNCE $29.18 +0.86
Lucas LEI $1.32 +0.01
Lulu LULU $73.59 +5.22
Marcus MCS $14.22 +1.16
Mario T.E. MGEE $54.23 +2.16
Mario T.Y. MAR $43.17 +0.31
Namilita NL $11.42 +0.62
Nicole E. NICE $40.91 +1.91
Nicole M. COLM $59.88 +0.51
Reagan REGN $300.80 +10.83
Ruby RJET $12.98 +0.61
Wilson WILC $7.17 +0.13
Winston ED $55.97 +1.09
Zero ZAGG $4.51 -0.04
Zondro ZQK $6.82 +0.13

September 20, 2013

FSX Friday Update Delayed

Filed under: Uncategorized — lbej @ 18:11

Someone who shall remain nameless didn’t take his nap until 3:00 this afternoon, so the update will have to wait until tomorrow.  Those of you who were staring expectantly at your phone, or tablet, or pamphlet, or whatever–you know who you should blame.

(Brinky.  It’s Brinky’s fault.)

September 17, 2013

Brinky Cup – Week 2 Results

Filed under: Uncategorized — lbej @ 07:00

Week 2 of the 2013 NFL season was a tough one for the Brinky Cuppers, as we finished the week a collective 6 games over .500 (compared with 28 games over last week).  Jodi Ann didn’t manage to make her picks and used Marcus’—receiving a one-time BCAA dispensation to do so—and Brinky might as well have used Zondro’s.  Brinky may have to drop out of the eponymous Cup competition anyway; I’m expecting the Steelers to sign him to play running back (or center, or wide receiver, or tight end…) as early  as today.

In the overall standings, Mario holds down first and second place; if nothing else, that should prove to Mr. Computer Golf that the spreadsheet is impartial.  Even with a 3-13 record in Week 2, Brinky is still two games behind Charlotte in the crawl for the Bizarro Brinky Cup—vegan power!   I don’t think the Steelers are desperate enough to sign Charlotte, not unless she can add any pounds of muscle.  The Jaguars, on the other hand…

Games Back Week 2
Mario T.Y. 12-4
Dark Mario 1 11-5
Marcus 2 10-6
Justin 3 10-6
Lee 3 10-6
Jenny 3 9-7
Tara 4 9-7
Jodi Ann 5 10-6
Mario T.E. 5 9-7
Dark Katie 5 6-10
Lisa 6 8-8
Reagan 7 8-8
Katie 7 7-9
Dark Lee 8 7-9
Nicole E. 9 8-8
Ruby 9 6-10
Brinkley 11 3-13
Charlotte 13 5-11

September 13, 2013

FSX Friday Update

Filed under: Uncategorized — lbej @ 19:35

Lee says:

U.S. stocks continued their September rally this week, nearly erasing all of the losses suffered in August.  What happened?  Hedgies came back from vacation after Labor Day, saw how badly they were trailing the indexes, and piled into high-beta names.  That’s why the Nasdaq has led the way this month; that’s why momentum plays like NFLX (Katie: Cool or uncool that I thought this was an NFL stock before I realized it must be Netflix. What has happened to me?), FB, TSLA, P, LNKD and GMCR continue to rip higher despite having indefensible valuations; that’s why this rally can continue.  It’s performance-chasing, period.  When will it end?  I don’t know.  What I do know is that it will end badly, at least for the crowded trades with no valuation support anywhere near current levels.

The Family Stock Index has outperformed during September to an even greater extent that it underperformed in August, with a two-week, seven percent surge that has more than doubled the return of the S&P 500 over that period.  Even during the technical breakdown, the FSX easily held above its 200-day moving average—preserving the long-term bullish trend—and has now crossed back over both the 100-day and 50-day SMA lines.  The strength is broad-based, as well: Marisa did give us a nice boost on Monday, but we would have beaten the S&P by 72 bps even without her.  The girls of summer (Reagan, Jenny, Ruby) have their mojo back after a tough August, and they’re the ones primarily responsible for this week’s 4% climb.  Even more reassuring is the rally in three laggards—Mario TY, Jodi Ann, and Brinkley—whose participation could mean a broadening of the FSX bull run.  Q4 is setting up to be the most eventful of the year, and a strong showing in the next few weeks would augur well for the final three months of 2013.

Katie and Jenny say:

Advancers

  • Marisa (MOLXA) +55%. So Marisa got sold. Even though she’s dead. Lee already told you her story.
  • Ruby (RJET) +8.6%. Mom’s looking forward to her 60th birthday next month. She’s healthier than ever and may even be considering Senior Olympics as a swimmer. I think her 60s are obviously going to be great.
  • Reagan (REGN) +8.4%. Jenny: She’s excited about Janelle moving to AG (Me: Boring) and she’s excited about this game today (Me: She’s at a football game tonight. Also boring). I think she’s getting used to the way things go finally. (Me: What does that even mean? Apparently she’s referring to schedules.) Me: I’m choosing to believe this means Reagan’s first grades of fourth grade are going to be awesome when I finally get to see them. And that she’s going to listen to me and try Battle of the Books and be the most amazing Battler ever. Like Lee at MACC.
  • Jenny (JNY) +5.8%. Jenny: I’m up because I did really good on that test and I’m proud of myself about it, and I wasn’t late once this week, so I’m getting better at my locker. (She wasn’t late last week either, but whatever.) Me: I think she’s up because I brought her project that she forgot at home this week, so she wasn’t penalized for being late. And because she’s going to do Battle of the Books.
  • Mario the Younger (MAR) +5.5%. Jenny: I don’t know what’s going on with him. Anything at work? Me: Yes, there’s much golf computers/computer golf in his future.
  • Jodi Ann (JOY) +5.5%. Jenny: Maybe she’s a big pregnant person now like she said she wanted to be. Me: It is kind of fun to be noticeably pregnant and eat all the food.
  • Brinkley (BCO) +5.2%. Jenny: He succeeded in getting in more trouble today. (Apparently he removed a part of the fireplace today.) Me: He’s feeling much better than last week, mostly due to the steroids he got on Monday. The steroids Lee thinks will lead him to the NFL one day. (Lee: my son doesn’t need steroids.)
  • Icarus (FAST) +4.6%. Jenny: Um, he’s, um…. (She’s so helpful.) He is, like, a dog. Yes. He’s a fast dog. Which is good. There. Happy? Me: I guess there’s nothing I can add to that.
  • Dustin (DST +3.9%) and Lisa (LNCE +3.4%) Jenny: Maybe Lucas is having a better year in school and it makes their life better. (I actually said this when she couldn’t think of something, but she said to say that she said it.)
  • Mario the Elder (MGEE) +2.9%. Jenny: He’s excited Boo-boo turns 60 next month because he planned it or something. Me: Plus he’s looking forward to seeing us in the next couple weeks, which is always fun. Brinky can’t wait for his friend Grandpa to come visit. He may be so excited he decides to get in the car with him and leave.

Decliners

  • Winston (ED) -1.3%. Jenny: Winston is happy for the same reason Uncle Mario is. (Ignoring the fact that he’s down instead of up.) Winston’s sad. He could sense that I was recently reading a book about a pet cemetery. It’s actually about a girl who’s supernatural… (I’m going to stop typing the whole story now. Maybe Winston’s down because he may have to listen to it one day.)
  • LULU -1.6%. Jenny: She’s not allowed to have the same reason of the pet cemetery, is she? Maybe Winston sent her a secret message and told her about it, because she’s not as awesome and can’t sense my thoughts. Me: I think she may miss Marisa now that she’s moving on from our lives. Lulu shares Brinky’s room with him now, so we know she’s seen a lot of Marisa, and isn’t quite ready to let her go. Jenny: Maybe Lulu has the same powers as the girl in the book and can talk to dead animals, so she’s been talking to Marisa, and… (It’s too much. I have to quit typing that story.)
  • Zondro (ZQK) -2.3%. Jenny: I came into the kitchen to see him eating some pork off a plate, so I guess he’s happy about that. (Again, ignoring the fact that he’s down instead of up.)I’ve decided not to relate him to the pet cemetery book because he’s just a regular dog. Me: Mostly the school year just isn’t for Zondro. It involves waking up too early and staying outside too long.
  • Lucas (LEI) -4.4%. Jenny: I’m not allowed to say he’s half demon, am I? There are demons in a book I’m reading. Maybe he’s a half-demon! There are male half-demons in a book I’m reading…blah, blah, blah. If he was a half-demon, he would have been on the rebel side, and they just lost a fight.
Name Ticker 9/13/2013 Change
Brinkley BCO $27.15 +1.33
Charlotte ICE $180.53 +1.14
Dustin DST $74.78 +2.80
Ghost Marisa MOLXA $38.32 +13.62
Icarus FAST $50.08 +2.19
Jenny JNY $15.29 +0.84
Jodi Ann JOY $53.80 +2.80
Justin SCI $18.43 +0.31
Katie CATY $22.40 +0.39
Lee TGI $74.90 +1.07
Lisa LNCE $28.32 +0.92
Lucas LEI $1.31 -0.06
Lulu LULU $68.37 -1.12
Marcus MCS $13.06 +0.14
Mario T.E. MGEE $52.07 +1.46
Mario T.Y. MAR $42.86 +2.24
Namilita NL $10.80 +0.05
Nicole E. NICE $39.00 +0.37
Nicole M. COLM $59.37 +0.74
Reagan REGN $289.97 +22.40
Ruby RJET $12.37 +0.98
Wilson WILC $7.04 +0.03
Winston ED $54.88 -0.71
Zero ZAGG $4.55 -0.04
Zondro ZQK $6.69 -0.16

Don’t Do It, Mr. President

Filed under: Uncategorized — lbej @ 14:58

It comes to this: if President Obama nominates Lawrence Summers to be the next Fed Chairman, I’m done with him.  I’ve heard the Obama White House described as a boy’s club, and that Barry and Larry  have a bromance that trumps the latter’s lack of character and experience, but I have reserved judgment.  Well, if Obama does this—fires Bernanke and passes over Yellen to nominate his boy to the second-most powerful position in the U.S.—I’m done.  In my (admittedly irrelevant) judgment, this nomination will turn what has been a mediocre and disappointing presidency into a failure.

Do you remember Harriet Miers?  She was the Bush family lawyer George W. nominated to the Supreme Court, only to be told by Senate leaders from his own party that no way in hell was that happening.  Miers had no prior judicial experience and was primarily a corporate lawyer before GWB brought her in as White House counsel and then tried to elevate her to the nation’s highest court.  Well, this is worse.  Larry Summers has no more monetary policy experience than Harriet Miers had judicial experience, but there was at least no evidence that she was a terrible person.  Larry Summers opposed bank regulation when he was in Bill Clinton’s Treasury Department, grossly misunderstanding and/or misrepresenting the threat off-balance sheet derivatives posed to the safety of the banking system.  Larry Summers was forced out as president of Harvard because of sexist buffoonery, conflicts of interest, and oh-by-the-way he cost the university hundreds of millions of dollars by making bad bets on—you guessed it—derivatives.  Then before he wormed his way into Obama’s inner circle, he ‘worked’ for a hedge fund for a few months and was paid more than $1 million for his ‘services.’   Now all indications are that President Obama will nominate this professional parasite to oversee the monetary and interest rate policy of the United States.  This is outrageous and I hope that Senate Democrats give Obama the same rebuke Bush received over the Miers nomination.  Unfortunately, too few Americans understand how powerful the Fed Chairman is, because if they did, this clown

larry

wouldn’t get a sniff.

Feeny?

Filed under: Uncategorized — lbej @ 06:23

I’m stumped.

boris48

I have no idea what’s going on here, so let’s cut to the chase: have you ever seen Boris Karloff and Mr. Feeny together?  The answer is no…and now we know why.

feeny1

feeny2

September 10, 2013

Brinky Cup – Week 1 Results

Filed under: Uncategorized — lbej @ 14:36

The opening week of the NFL season was a strong one for most Brinky Cuppers, but the lack of a breakout performance leaves a big group bunched together at the top.  Mario the Younger and Dark Katie won the week at 12-4; the only thing about that result that should be surprising is the existence of a Dark Katie.  Could it be that Katie realized that she must dabble in the Dark Side to keep pace with her little brother?  Perhaps.  Another possibility is that she forgot she’s supposed to make week-to-week picks with me and the kids, then made her full-year picks without consulting the Brinky Cup Administrative Authority, leaving the BCAA with little choice but to create a Dark Katie entry.  Let’s go with option #1, the deliberate little-brother-beatdown.  The only other conclusion I can draw from the results of Week 1 is that the vegans are slow out of the gate due to excessive peacefulness, as Charlotte (5-11) and Nicole E. (6-10) are starting off the season at the bottom of the standings.  What that also necessary means is that Icarus regularly brings Justin (10-6) squirrels, rabbits, game birds and the like, which Justin then eats raw someplace out of sight.  If I were Nicole I’d check the closets for pelts and bones.

Week 1
Mario T.Y. 12-4
Dark Katie 12-4
Dark Mario 11-5
Jenny 11-5
Marcus 11-5
Justin 10-6
Lee 10-6
Tara 10-6
Brinkley 9-7
Katie 9-7
Lisa 9-7
Mario T.E. 9-7
Dark Lee 8-8
Jodi Ann 8-8
Reagan 8-8
Ruby 8-8
Nicole E. 6-10
Charlotte 5-11
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