Sunday, May 3, 2009

Random rambling

I'll keep it quick and concise this morning. Just had a few random thoughts I wanted to throw out there.

-Celtics won game 7. It was the best team effort they have put together all post season. Eddie House awoke from the dead, Scal was unreal banging those 3's, Mikey Moore, who looks eerily similar to the creature, the Predator, had a couple momentum baskets, and even Marbury looked a bit more confident in his shot and driving to the basket. Overall great effort by the C's and I like their match-ups against Orlando. Let Howard have his points and make the rest of the team win those games. C's are going to be tired, but at this point of the season, they are playing on emotion/adrenaline.

-Bruins looked great in their opener on Friday. They didn't come out flat, like all the "analysts" predicted they would. The B's pounded Carolina in the regular season. Look for this series to be wrapped up in 5.

-Sox finally beat the Ray's. They play us tough. I hate the stadium in Tampa Bay....can never get excited watching games played there. Looks dark, gloomy, quiet and is a turf field. Exciting time to be a Boston sports fan. I feel like I've been telling myself this for about four years now. We just have top echelon teams in every league. While, this won't last forever, take a second to reflect on our recent success. It's unreal and I love it.

-Stress test results were supposed to be released tomorrow, but have been delayed until Thursday. This notion of the stress test being a well conducted analysis of the banks is foolish. This will buy the government a few more days to prep their PR lemmings to slant these results into some kind of positive, which couldn't be further from the truth.

-The market is up almost 30% from the March 6 lows. The finance sector is up 71% in that time frame. I started to build a short position in the finance sector via ETF on Friday.

-We have unemployment figures coming out this week. Look for unemployment to jump to 9%. If we used the pre-Clinton unemployment calculation, we'd be around 16%. Jobs are still being shed. The thing to watch for is, where are jobs being lost. We have begin to see job losses increase in small businesses. This is something you want to keep on your radar, because this is the biggest sector for American employment and when we see deterioration there, it should be worrisome.

-When is the government going to realize that the consumers are tapped out. Credit it not the lifeblood of our economy. Think about it, credit is another word for debt. We have a President, who tells us banks need to lend again because "credit is the lifeblood of our economy". Substitute the word debt for credit and you'll realize how idiotic that logic is. "Debt is the lifeblood of our economy." Ehhh I don't know if I can agree with you there Pres. I think it's time to allocate our resources in more productive manner, so that our entire economy isn't finance and consumer based. If anything goes wrong with our financial experiments, or if consumers retrench, our whole mirage of wealth seemingly evaporates. Doesn't sound healthy to me.

-Anyone see Tiger Woods' 4-iron approach shot on the 15th hole yesterday? The guy is unbelievable.

-Did you read the Sage of Omaha's comments on the real estate? Doesn't paint too bright of an outlook for the Pollyanna's.

-Ricky Hatton is a leather faced punching bag. Someone tell his corner to throw in the towel.

Heading out to play golf in Lakeville.

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