Believe it or not, this ain’t from The Onion!
A new Louisiana ethics law has prompted 130 resignations from people in the state government. The new ethics rules were passed in a special session earlier this year, and … here’s the kicker … wait for it! Due to the massive resignations, the ethics board no longer has a quorum and can no longer conduct business until members are replaced.
I’m a little surprised we’re revisiting the Jan lows a second time, but we haven’t broken those lows from the March retest (yet) and I don’t really expect them to break. Volume looked pretty strong on the reversal day yesterday, and we didn’t get to those lows on today’s strong (but weaker than yesterday’s) volume. Breadth as measured by trading above 50 and 200 dma is stronger on this retest than it was on the last retest.
Index action isn’t going to influence what I do, anyways.
Not everything is getting hammered. Some things are working (even if they’re not the things you and I are in). Some things are ALWAYS working.
How you react to the market is more important than how the market acts.
As donors to Ron Paul’s campaign, the RNC now has our mailing address — and I got my letter from McCain’s crew, requesting donations today. The Wifeykins wrote RP propaganda on hers, but it occurred to me when I saw the return envelope, exactly what I should do. You see, it says “no postage necessary if mailed in the United States” and there’s a note that says “by using your own first class stamp to return this envelope, you will be helping us save much needed funds.”
So I’m stuffing envelopes for John McCain.
Stuffing them with as much shredded newspaper as they can hold.
… and sending them to McCain’s office in his own postage paid envelope, sans stamp.
Cheers!
I’m kind of ticked at Bloomers right now, because I can’t find the interview they did with Malcolm Bricklin, a true automotive visionary, earlier today. The history is awesome, from Subaru, the Bricklin Safety, to, yes, even the Yugo. I only caught a glimpse of the i’view, so if someone can shoot me a link, I would appreciate it!
I am adding Bull Ringer, who focuses on simple to understand charts and rationales to get a head start on potentially winning investments, and Shitting Alpha, which happens to be the PERFECT name for a hedge fund IMO, to the links page. If you haven’t been using my links page, start using it NOW. It’s the bomb. No pissing-in-their-pants perma-bears allowed. Come to think of it, no perma-bulls, either.
Here’s some change you can believe in, only if you’re drunk & not paying attention, or young, idealistic, and easily swayed by emotive speech. I’m none of the above, anymore. Obama’s National Security Working Group includes Sam Nunn, David Boren, Lee Hamilton, Tim Roemer, Warren Christopher, Madeleine Albright, Tony Lake, Greg Craig, Richard Danzig (I don’t think he’s with the band), Eric Holder, William Perry (he’s lost a lot of weight), and Susan Rice. In case you don’t know those names, it’s a who’s who of insiders and former Clinton staffers from the 90s. Change my f#cking a$$.
My First Cavity Search! A game to help your child understand why he may be a threat to national security.
Good article by Hans-Hermann Hoppe on the impossibility of limited government and the prospects for a second American Revolution. Worth reading, a bit long.
If I were gonna step outside to shoot some burglars ripping off my neighbor’s house, the last thing I’d do is call 911 before popping the caps. I think calling 911 after the gunplay is the way to go. This story really validates the theory that NOT talking to the cops, and especially keeping your mouth shut before taking action, is the smart trip. Those five damn words are gonna keep this guy in courts, one or another, for several years.
Totally side note: I now have about 3 dozen of my 200-ish cassette tapes ripped into mp3 format, tagged by genre and ready to burn. After a haphazard start, I redirected and am now working by genre, blues and blues rock first. I had forgotten how good Delbert McClinton
These are my personal trading returns as of month-end June 2008.
Current Month Return: -7.5%
Year To Date Return: -4.5%
3 Month Return: 1.6%
6 Month Return: -4.5%
12 Month Return: -0.3%
24 Month Return: 11.2%
24 Month Annualized Return: 5.5%
36 Month Return: 51.5%
36 Month Annualized Return: 14.8%
Since Inception Return: 45.4%
Since Inception, Annualized Return: 12.2%
My last trades were mentioned here. This coming weekend will be the time to revisit those positions. The personal portfolio (tracking with the Aggressive system for the last few months) slipped on a Chiquita banana peel (CQB), down 35% since purchase.
Here are some numbers for the systems I track; all returns are net of dividends and transaction costs, assessed at $10 per trade:
Timing, starting with a hypothetical $100,000 in November of last year, had $101,333.64 as of the close of 2007. The current equity is $96,163.09, representing a YTD return of -5.10% and an inception return of -3.84%. I am not including returns from cash, as some followers of this system may instead use some alternative investments.
Fundamental, starting with a hypothetical $100,000 in November of last year, had $105,583.88 as of the close of 2007. The current equity is $96,931.04, representing a YTD return of -8.20% and an inception return of -3.07%.
Rotational, starting with a hypothetical $100,000 in November of last year, had $101,615.86 as of the close of 2007. The current equity is $109,346.87, representing a YTD return of +7.61% and an inception return of +9.35%.
Aggressive, starting with a hypothetical $100,000 in November of last year, had $100,807.71 as of the close of 2007. The current equity is $93,712.59, representing a YTD return of -7.04% and an inception return of -6.29%.
I’m not a big fan of relative benchmarks, but some readers are, so for convenience, here are some alternative returns.
SPY returns -11.60% YTD, including dividends.
DIA returns -13.45% YTD, including dividends.
QQQQ returns -11.67% YTD, including dividends.
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