Monday, March 31, 2008
Americans aged 21-29 are a prime movie-going group. The ad agency J. Walter Thompson paid for some polling to find out how this demo group thinks about some core values. To parents of young Americans in this age group the poll simply affirms what was already known. But, I suspect, in entertainment board rooms the results are so shocking and counterintuitive that they'll be dealt with in the only way possible: IGNORE THE DATA!
Data like: "94 percent of millennials (21-29 y.o.) respect monogamy and parenthood and 84 percent revere marriage, the survey found 88 percent said they respect the U.S. Constitution, 84 percent respect the military and more than three-quarters believe in the 'American dream.' "
No doubt Hollywood, run by baby boomers, will just keep cranking out crap targeted at the 16% of millennials who DON'T respect the US Military and the 6% who don't revere parenthood. Most of what these people know about young Americans they learn from watching movies and TV produced by other people in their social group who don't know anything about young adults.
Or, they might know someone in Toluca Lake or Encino who actually has a kid. Maybe.
Click on the title of this posting for a brief article from UPI.
Sunday, March 30, 2008
Saturday, March 29, 2008
Friday, March 28, 2008
Saturday, March 22, 2008
Friday, March 21, 2008
Thursday, March 20, 2008
Our part of the country experienced a drought last summer. While the mid-section of the US was getting more rain than they wanted we in the Southeast were left with almost none. Living in a lakeside community we tend to pay attention to drought and it was pretty bad. Watering restrictions, closed boat launches, coves turned into meadows... that was what the summer/ fall of 2007 were about here.
During the summer and fall the local big city newspaper, The Metrolina Disturber, did multi-part thumbsucker stories about the end-of-life-as-we-know-it because rapid growth was taking all of the water etc. Of course the Warmists were quick to blame the drought on their all purpose reason for everything less than good: climate change. On one thing all of the "experts" agreed. It would take years to get our lake levels back up to full pool. Some said at least three years. Others said five. All said we would need above average rainfall to even get close to normal levels by 2011.
So, as spring begins after a winter of normal rainfall I stopped at the lake. It's full. The picture above is a cove that was bone dry in September and had even become a grassy meadow. You can fish for bass there this morning. How will the media deal with this? I can guess.
Nobody was asking Senator Obama to make a sweeping speech about race relations in America. The 60's are long gone. A substantial number of people were, however, asking him to clarify his personal relationship with a hate-spewing, bigoted, racist pastor who Obama claims was his spiritual mentor and father figure. It was Senator Obama and his handlers, Axelrod and Plouffe undoubtedly, who decided to subtly change the subject.
Yesterday I declared that his effort was a failure. This view ran contrary to the predictable opinions of the legacy media but also to some McCain supporting pundits, notably Rich Karlgaard at Forbes. If the strategy was to fog up the real issue it worked to that extent. But, again, the speech didn't deal effectively with the real question at hand. That's why it was a failure.
Many voters wanted to know Obama's stance vis-a-vis Jeremiah Wright and his hate-speech. His answer to that was to explain away Wright's rhetoric. Obama didn't even point to what he specifically found objectionable. Then, to compound his problem, he embraced the racist minister and declared that he couldn't turn away from him any more than he could turn away from all of "black America." A subtle call to arms there, by the way.
So, yes, it was a failure. Assigned a speech on one topic he chose to give a different speech. The takeaway then becomes that Jeremiah Wright did what the Clinton Machine never could. Obama has now become "the black candidate." His poll numbers are dropping and intrade now shows McCain futures surging with Obama futures falling; the gap is just 43.5/40.0. What will they look like after 527's run ads using Wright's and Mrs. Obama's statements about America? Michelle's rhetoric was problematic enough but he had a chance to break clean from the minister at least-- he chose not to. You can respect that but it doesn't mean it's a good political move for November.
The candidate of HOPE and CHANGE brought low by the man who was his spiritual guide through life. A man of the cloth doing to his faithful follower what no opponent could. It's the stuff of novels.
Wednesday, March 19, 2008
It was a little cocker spaniel dog in a crate that he'd sent all the way from Texas. Black and white spotted. And our little girl-Tricia, the 6-year old-named it Checkers. And you know, the kids, like all kids, love the dog and I just want to say this right now, that regardless of what they say about it, we're gonna keep it."
Tuesday, March 18, 2008
Monday, March 17, 2008
“Dear Jim: Should I be worried about Bear Stearns in terms of liquidity and get my money out of there? --Peter
Cramer says: “No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear.”
Sunday, March 16, 2008
Saturday, March 15, 2008
Friday, March 14, 2008
According to The DOR, Thursday March 13th this snake-oil salesman peddled the following:
Longs: You're On Notice
Buying When We're Oversold Can Be Dicey By Jim CramerRealMoney.com Columnist3/13/2008 11:43 AM EDT
Shorts: You're On Notice
Shorts Don't Work in an Oversold MarketBy Jim CramerRealMoney.com Columnist3/13/2008 2:15 PM EDT
So, OK, that's news you can use, don't be long and don't be short. Hey, I went to cash on October 24, 2007 and haven't owned a stock in any account since, so I can agree. But then JC goes on his TV show and picks a bunch of stocks for people to buy!
Use this as yet another teaching moment: you should never, ever, have the sound up on the TV when people are telling you which stocks to buy... which is pretty much all day long on CNBC and FBN. Bloomberg too probably, I've never had the sound on with Bloomberg on my screen.
The great trader Jesse Livermore left behind many enduring ideas about how to make money in equity markets. There is nothing new in the markets-- the same things happen decade after decade. That's why the ability to read charts and understand the tape is essential. And, it's why what worked for Jesse a hundred years ago still works.
Among the ideas that Livermore left behind are these two:
-Money cannot consistently be made trading every day or every week during the year.
-Few people ever make money on tips. Beware of inside information. If there was any easy money lying around, no one would force it into your pocket.
So, sometimes the best trading decision is "don't trade." It ain't easy to sit 100% in "cash" for 4 and a half months, but that's what I've been doing. It's a lot easier to NEVER LISTEN TO THE TV TIPSTERS once you make it a habit to just hit "MUTE." I never trade on a tip. And, I never give them out. I get asked all the time, "What should I buy?" I always try to change the subject. If you want me to pick stocks for you just give me your accounts to manage. Otherwise I won't play that game.
During the times in his life when Jesse Livermore was rich and he thought the market was correcting he would leave New York and take his yacht out for a ride. One of his favorite destinations was the American Southeast. I like to think the internet has allowed me to do Livermore one better--- I live in the Palmetto State year round, and never even have to set foot in the Northeast United States. Then again, I don't have a yacht. Thankfully, I don't want one either.
Wednesday, March 12, 2008
Tuesday, March 11, 2008
Instead, the prostitution ring likely got caught in the investigation of Spitzer. Apparently the Guv of NY was suspected of laundering bribe money. In looking into that they found evidence that he was spending large sums of money on a high-priced money for sex operation.
Among the many questions--
-Was it his own money that he was throwing around?
-Was he taking bribes as suspected?
-If so were those payments made to stave off prosecution? Extortion anyone?
-Were the taxpayers of New York toting the note on some of his activities?
-Will Dick Grasso throw a party for all of the people who were attacked by Spitzer using his delightful prosecution through blackmail and intimidation tactics?
-What does his sock-puppet pal, James Cramer, the screamin' yahoo on CNBC, have to say about Evil El's fall from grace and into disgrace?
I've known a few egomaniacal narcissists in my working life. Let's just say Slimey Spitzer fits the profile perfectly. Note that in his statement Monday he apologizes for falling short of the Spitzer standard of conduct-- not the law.
He has always thought of himself as above the law. I assure you, he still does.
Monday, March 10, 2008
Well, building cars in our quarter of the nation is a booming business. In fact, the nearby BMW factory in Greer, SC hosted our Governor Mark Sanford just today to make a big announcement. Building cars in South Carolina and shipping them around the world is such a good business for BMW that they are expanding the state-of-the-art Greer facility to the tune of $750 Million. That expansion will require 500 additional direct hires. Of course those 500 jobs will be multiplied many times over in our Upstate economy.
There are lessons to be learned here but politicians like Granholm, Levin, Strickland and Sherrod Brown will never, ever learn them. Which means we'll need to keep building hereabouts as more and more people from the Northeast and Upper Midwest flee to our far greener pastures. Just so they learn to eat grits (properly) and pulled pork barbecue with slaw.
The local Greenville, SC paper reports here: http://greenvilleonline.com/apps/pbcs.dll/article?AID=/20080310/BUSINESS/803100309