Louetta's Lore

[Louetta]

Peanuts...Give it up...She's too much for you...There has to be some little girl in Pittsburgh that you can impress.

Geez Lou...You are tough (A compliment on my part)...But how 'bout we give Little Peanuts a Little Break

Yeh, nuff said on this one. Just one more little vignette. This evening I went to the church hall to watch the Patriots' game, hosted by Father Jerry, nattily attired in his Pats' T-shirt, sweats and sneakers and, I thought, looking quite stout in that relaxed get-up. Anyway late in the game, probably after the 6PM mass ended in the church next door, a 35ish very pretty woman with white blond hair showed up accompanied by a little girl and at one point the woman went over to father Jerry and was giving him this toothy grin and kind of stroking his arm. I just had to laugh watching her buttering up the priest but he is, I thought, a man, and he most probably enjoyed it.

[peanuts]

It depends on who you are whether it takes more than that.

So let me ask... how can one person rule the world this way, but another cannot? Why is it dependent upon the person who exhibits such behavior to acheive the power of ruling the world, or what this really seems to be about, men?

Its not self centered to respond to people who tell you what they demand of you that you don't care what they want from you.

Yes, you're right, this statement in itself is true; it would not be self-centered. However, if you are making this statement in relation to my previous post to you, I fail to find the relevance of the use of the word, "demand." I have not ever demanded anything from you, or even requested anything from you. I can respect that you would not honor a demand/request from someone that doesn't mean much to you, but I'm just telling you now, that I never demanded anything from you.

From Night and Day, by Virginia Woolf:

"She lives, you know, one of those odious, self-centered lives--at least, I think them odious for a woman--feeding her wits upon everything, having control of everything, getting far too much her own way at home--spoilt, in a sense, feeling that every one is at her feet, and so not realizing how she hurts--that is, how rudely she behaves to people who haven't all her advantages."

Actually I already rule my little world. Part of that I earned, part of that I was handed.

We all rule our own little world, Louetta. Some people's worlds are bigger than others, I guess

[Runner]

Yeh, nuff said on this one. Just one more little vignette. This evening I went to the church hall to watch the Patriots' game, hosted by Father Jerry, nattily attired in his Pats' T-shirt, sweats and sneakers and, I thought, looking quite stout in that relaxed get-up. Anyway late in the game, probably after the 6PM mass ended in the church next door, a 35ish very pretty woman with white blond hair showed up accompanied by a little girl and at one point the woman went over to father Jerry and was giving him this toothy grin and kind of stroking his arm. I just had to laugh watching her buttering up the priest but he is, I thought, a man, and he most probably enjoyed it.

I hope so as it is only natural. What we read into what we see is often misleading or misdirected..

[Louetta]

So let me ask... how can one person rule the world this way, but another cannot? Why is it dependent upon the person who exhibits such behavior to acheive the power of ruling the world, or what this really seems to be about, men?



Yes, you're right, this statement in itself is true; it would not be self-centered. However, if you are making this statement in relation to my previous post to you, I fail to find the relevance of the use of the word, "demand." I have not ever demanded anything from you, or even requested anything from you. I can respect that you would not honor a demand/request from someone that doesn't mean much to you, but I'm just telling you now, that I never demanded anything from you.

From Night and Day, by Virginia Woolf:

"She lives, you know, one of those odious, self-centered lives--at least, I think them odious for a woman--feeding her wits upon everything, having control of everything, getting far too much her own way at home--spoilt, in a sense, feeling that every one is at her feet, and so not realizing how she hurts--that is, how rudely she behaves to people who haven't all her advantages."



We all rule our own little world, Louetta. Some people's worlds are bigger than others, I guess

You sound like someone out of Who's Afraid Of Virginia Wolff.

[IIC]

Ahhh...Maybe he did...I'll reserve comment on what he may of been thinking...Because I don't know him...But, Louetta, you may be smart...But you have so much to learn...Now that we got that over with...What's the market gonna do tomorrow??? NIKKEI is up over 126 right now???

[Louetta]

Ahhh...Maybe he did...I'll reserve comment on what he may of been thinking...Because I don't know him...But, Louetta, you may be smart...But you have so much to learn...Now that we got that over with...What's the market gonna do tomorrow??? NIKKEI is up over 126 right now???

I don't know but I'm sticking to my original contention that the horse will leave the barn about 10/10-12, I'd have to look up the exact date. We should see then which way he goes. Either this is a legitimate up move with more new highs to come facilitated by lower rates and oil prices or just end of quarter window-dressing in which case fear of a hard landing will take us back down. If I had to guess I'd say we'll be higher at year end than we are now.

[IIC]

I don't know but I'm sticking to my original contention that the horse will leave the barn about 10/10-12, I'd have to look up the exact date. We should see then which way he goes. Either this is a legitimate up move with more new highs to come facilitated by lower rates and oil prices or just end of quarter window-dressing in which case fear of a hard landing will take us back down. If I had to guess I'd say we'll be higher at year end than we are now.

I think we will too...But I don't think next year will be very pretty...I think RE will crash next year leaving many out in the dust...Doug

[skiracer]

Virginia Woolf is one of my favorites. Her prose would drip poetically from her pen. She lived a life filled with alot of tragedy which she ended herself in a tragic fashion.

[url=http://imageshack.us][/UR

[IIC]

Whoa!...Virgie was sure homely...And I imagine that there were not too many parties in her pocket!

[Louetta]

I don't know but I'm sticking to my original contention that the horse will leave the barn about 10/10-12, I'd have to look up the exact date. We should see then which way he goes. Either this is a legitimate up move with more new highs to come facilitated by lower rates and oil prices or just end of quarter window-dressing in which case fear of a hard landing will take us back down. If I had to guess I'd say we'll be higher at year end than we are now.

Looks like the horse peaked out a South facing window of the stock barn today but, since lots of the ranch hands took the day off, he (the horse) made no major decisions. Bob Pisani gave encouraging news on earnings expectations for both the 3rd and 4th quarters, which seems credible though the weakness in finance and high tech, which he reported today, weren't encouraging. Barrons contains comments saying the housing collapse will eclipse the internet stock collapse but they are often doom and gloomish. They also printed a discussion about the government monetizing the debt (didn't say why) which advised everyone sell stocks short and buy hard assets to profit by the declining dollar.

[jiesen]

Looks like the horse peaked out a South facing window of the stock barn today but, since lots of the ranch hands took the day off, he (the horse) made no major decisions. Bob Pisani gave encouraging news on earnings expectations for both the 3rd and 4th quarters, which seems credible though the weakness in finance and high tech, which he reported today, weren't encouraging. Barrons contains comments saying the housing collapse will eclipse the internet stock collapse but they are often doom and gloomish. They also printed a discussion about the government monetizing the debt (didn't say why) which advised everyone sell stocks short and buy hard assets to profit by the declining dollar.

they seem to be blowing hot and cold air... what asset is harder than real estate? if the prices of wood, drywall, labor and land rise against the falling dollar, why would the price of housing drop?

[IIC]

they seem to be blowing hot and cold air... what asset is harder than real estate? if the prices of wood, drywall, labor and land rise against the falling dollar, why would the price of housing drop?

Because nobody is buying J...Has not happened yet...but it will come close...Although, there will be sharks like me looking to grab RE on the cheap...But it is nowhere near that level yet...My 53 personality says I'm Impulsive...That is generally true...But as far as RE...Patience really is a virtue...Doug(IIC)

[Louetta]

they seem to be blowing hot and cold air... what asset is harder than real estate? if the prices of wood, drywall, labor and land rise against the falling dollar, why would the price of housing drop?

I'm not saying I agree with what they are saying but they may have the math right. Say I want to sell my house for X dollars. You say, well you live in the Northeast, real estate prices there are inflated and the area is overbuilt so I will only pay X-Y dollars for your house. You are correct and I sell for a depressed price. None of that has anything to do with exchange rates. Now I take the proceeds from the sale and go to my friendly gold merchant and offer Q dollars per ounce to buy his gold. He says, well your dollars are worth less than they were last month so you'll have to pay me Q+Z dollars per ounce for my gold. So I lose on both ends of the transaction.

So. You sell your stocks now and buy gold. The dollar sinks in value and you later sell your gold getting more of the weakened dollars than you paid to buy. Now you can pounce with all those dollars on real estate holders who are forced to sell at lower prices because real estate is collapsing and you make a killing.

Or so the theory goes.

[jiesen]

I'm not saying I agree with what they are saying but they may have the math right. Say I want to sell my house for X dollars. You say, well you live in the Northeast, real estate prices there are inflated and the area is overbuilt so I will only pay X-Y dollars for your house. You are correct and I sell for a depressed price. None of that has anything to do with exchange rates. Now I take the proceeds from the sale and go to my friendly gold merchant and offer Q dollars per ounce to buy his gold. He says, well your dollars are worth less than they were last month so you'll have to pay me Q+Z dollars per ounce for my gold. So I lose on both ends of the transaction.

So. You sell your stocks now and buy gold. The dollar sinks in value and you later sell your gold getting more of the weakened dollars than you paid to buy. Now you can pounce with all those dollars on real estate holders who are forced to sell at lower prices because real estate is collapsing and you make a killing.

Or so the theory goes.

which theory works only if you are able to accurately predict the near-term price movement of both gold and real estate. which by definition not everyone can do and profit from it. especially unprofitable will be the most popular theory.

I think it's a good idea to put a short-term filter on market predictions like these ones.

[IIC]

which theory works only if you are able to accurately predict the near-term price movement of both gold and real estate. which by definition not everyone can do and profit from it. especially unprofitable will be the most popular theory.

I think it's a good idea to put a short-term filter on market predictions like these ones.

Timing is EVERYTHING...Perfect example...In last week's POTW I went short and LYE went long on ACOR...We came in last and second to last...TIMING!!!