This seems familiar...

I must really seem like the prognoticator, huh?  I post about some things I am buying and BANG...Dow goes up 500 pts the next day.  Dumb luck.  Actually, today scares the shit out of me right when I was starting to think things might not be heading into the toilet again.  After all, nothing really happened today.  Nothing was done to solve the fundamental issues in Europe.  They essentially kicked the can down the road for a while and extended funding for the banks a little longer.  None of this solves the fundamental debt issues at all.

Sure, the US looks ok now (not that a revised 2% GDP growth in 3Q is awesome) but there are so many other things out there that worry me.  China just posted its Manufacturing PMI at 49...the last time this number broke under 50 was July of 2008 and we all know what happened after that.  Brazilian 3Q GDP posted recently at .3%.  Not 3 percent...three tenths of one percent...not good.  And with Euopean GDP estimates now being lowered again by the ultimate insider trading firm in the world (Goldman Sachs), it makes me wonder if the US is strong enough to hold up when everything else appears to be heading into the shitter again.  Despite the financial pundits loving the word "de-coupling", it has never really happened...we all march to the same drum...some just go up and down more (EM) and some slower (US).  So what am I saying here?  Sell.  Take the money and run.  Get outta Dodge.  Bail. My faith in governments fixing things is completely exhausted...lets just wait for the defaults.  Actually, we would be in a much better place right now if companies/countries that suck were just allowed to go under.  It would mean more pain in the short-term, but would be a better long-term solution...

"Europe is Fixed"....for the 284th time

I know I have not posted since Nov 5th so I am sorry...married life with two children, holidays, wine drinking, and the average stress of having your life feel like it revolves around the financial markets is enough to make one mad at times.  But I digress.

These assclowns in Europe are just getting worse by the day.  The market doesn't even move on news anymore...it moves strictly on rumors.  Are we going Lower?  Higher? The simple answer is I have no clue, and if someone tells you they do, they are lying. All I know is that these idiots take the cake on how to turn a pack of firecrackers into a nuclear explosion.  Like most politicians, they are really good at talking...not so good at actually doing anything.

As for me, I continue to like certain areas.  Hate big financials but think there are some opportunities in well capitalized small or regionals...names like CFFN and PBCT come to mind.  I also love tech here on the pullback.  Been buying some QTEC for broad tech exposure...exposure  that isnt ridiculously weighted toward Apple.  Also like ADBE here.  Thinking of stepping in front of the GLW train but its tough to pull the trigger knowing it could go lower.  High dividend payers?  Still like telecom...CTL and a small company named AT&T that is paying a 6% dividend.  I mean, really...who wants to buy a 10 Year treasury paying 2% when they can get 3 times more in a blue chip telecom?  Shit...even if AT&T goes nowhere for 10 years it's much better in the long run with reinvested dividends.  Bought some short term Jefferies bonds about a week ago on the cheap.  So far, so good there.  And my last suggestion....lots of cash.  I think that we have seen the lows for the year but who knows what is on the horizon in this market.  If you are 100% invested long in stocks right now you need to get your head examined.  There is no shame in having 20% or 30% of a portfolio in cash now...even 50% if you are scared shitless.  This allows you to do a Frotuss favorite....take a sip when the market takes a dip.  

Happy Thanksgiving

I'm thankful for my family's health and the love of my kids. I sure have needed it the past few months...

 We were enjoying a nice rally on good European data until sentiment shifted as a result of these A-Holes.

In other news there is still football. In College we only have one game, Texas vs A&M at 8 tonight. 

3 NFL Games including Jackson's Dolphins in the middle afternoon slot vs dem Cowboys. Lions game is early. Then the Harbaugh Bowl is on at 8pm.  Really like watching the 49ers this year.

Tomorrow is a really impossible day for me to work as college football goes nuts. If we rally in the markets then I won't have to think too much about work.  See the schedule below for this weekend. Lot's of fun:

Thursday, November 24
TIME (ET)	MATCHUP	TV	PPV	MOBILE	TICKETS
8:00 PM ET	No. 25 Texas at Texas A&M				Tickets

Friday, November 25
TIME (ET)	MATCHUP	TV	PPV	MOBILE	TICKETS
11:00 AM ET	Eastern Michigan at Northern Illinois				Tickets
11:00 AM ET	Louisville at South Florida				Tickets
12:00 PM ET	No. 8 Houston at Tulsa				Tickets
12:00 PM ET	Iowa at No. 21 Nebraska				Tickets
12:00 PM ET	Kent State at Temple				Tickets
12:00 PM ET	Bowling Green at Buffalo				Tickets
1:00 PM ET	Akron at Western Michigan				Tickets
2:00 PM ET	Toledo at Ball State				Tickets
2:30 PM ET	No. 3 Arkansas at No. 1 LSU	CBS			Tickets
3:30 PM ET	Colorado at Utah				Tickets
3:30 PM ET	Boston College at Miami (FL)				Tickets
7:00 PM ET	Pittsburgh at West Virginia				Tickets
7:00 PM ET	UTEP at UCF				Tickets
10:15 PM ET	California at Arizona State				Tickets

Saturday, November 26
TIME (ET)	MATCHUP	TV	PPV	MOBILE	TICKETS
12:00 PM ET	Iowa State at No. 9 Oklahoma	FX			Tickets
12:00 PM ET	No. 13 Georgia at No. 23 Georgia Tech				Tickets
12:00 PM ET	No. 14 Michigan State at Northwestern	Big Ten Network			Tickets
12:00 PM ET	Ohio State at No. 15 Michigan				Tickets
12:00 PM ET	Rutgers at Connecticut				Tickets
12:00 PM ET	Cincinnati at Syracuse				Tickets
12:00 PM ET	Rice at Southern Methodist				Tickets
12:21 PM ET	Tennessee at Kentucky	SEC Network			Tickets
12:30 PM ET	Troy at Western Kentucky				Tickets
12:30 PM ET	Maryland at North Carolina State				Tickets
2:00 PM ET	Wyoming at No. 7 Boise State				Tickets
2:00 PM ET	Nevada at Utah State				Tickets
3:30 PM ET	No. 2 Alabama at No. 24 Auburn	CBS			Tickets
3:30 PM ET	No. 5 Virginia Tech at Virginia Coverage map »				Tickets
3:30 PM ET	Oregon State at No. 10 Oregon Coverage map »				Tickets
3:30 PM ET	No. 19 Penn State at No. 16 Wisconsin				Tickets
3:30 PM ET	Florida International at Middle Tennessee				Tickets
3:30 PM ET	Purdue at Indiana	Big Ten Network			Tickets
3:30 PM ET	Illinois at Minnesota	Big Ten Network			Tickets
3:30 PM ET	Duke at North Carolina				Tickets
3:30 PM ET	Vanderbilt at Wake Forest				Tickets
3:30 PM ET	East Carolina at Marshall				Tickets
3:30 PM ET	Missouri vs. Kansas*				Tickets
4:00 PM ET	Louisiana-Lafayette at Arizona				Tickets
4:00 PM ET	UAB at Florida Atlantic				Tickets
4:00 PM ET	New Mexico State at Louisiana Tech				Tickets
4:00 PM ET	Memphis at Southern Miss				Tickets
6:00 PM ET	Air Force at Colorado State				Tickets
7:00 PM ET	Texas Tech vs. No. 18 Baylor*				Tickets
7:00 PM ET	Florida State at Florida				Tickets
7:00 PM ET	Ole Miss at Mississippi State				Tickets
7:30 PM ET	Washington State at Washington	Versus			Tickets
7:45 PM ET	No. 17 Clemson at No. 12 South Carolina				Tickets
8:00 PM ET	No. 22 Notre Dame at No. 6 Stanford				Tickets
8:00 PM ET	San Jose State at Fresno State				Tickets
10:00 PM ET	UCLA at USC				Tickets
10:00 PM ET	San Diego State at UNLV				Tickets
11:00 PM ET	Tulane at Hawaii				Tickets

Done: Not Perfection but a labor of love; or Working in the Yard part deux

What the (FL)uck?

Ok...I have been way too quiet on this over the years.  It really isn't an issue but I have a bug up my ass about it today as my team finally played well today...albeit against Duke.  Why does all of the media covering college sports insist on listing the Canes as:  Miami (FL)?  No disrespect to Miami of Ohio, which is a fine school, but when you are talking about major college sports, when it says "Miami" it means the Miami Hurricanes.  There is no reason that Miami can't be "Miami" and Miami University can't be "Miami (OH)"...absolutely no reason whatsoever.