Friday October 19, 2007

I am a bit paranoid about today. Not so worried about the market per se. More worried that today would be a good day (from an Al Qaeda point of view) symbolically to bring the capitalist system down via a major attack of some kind. The recent UST flight to quality has also made me edgy. That has historically been the asset to own when the shit hits the fan - so who is buying all those t-bills, and why? (I know the excuse, financial institution difficulty in refinancing commercial paper, BAC earnings, yada yada) I will just be glad when this day ends uneventfully.

 

Im a bit afraid of oil high prices, and carry trade unwinding by China and Japan.

 

On Friday, at 10:00 am ET Bernanke will join St. Louis Federal Reserve Bank President William Poole in a panel discussion at the St. Louis Fed conference. Investors will look for any indication as to whether or not the Federal Reserve will cut interest rates at their upcoming meeting.

 

If the Turks attack the Kurds tomorrow the market will tank and oil will hit $100 per barrel.

 

I was just in the backyard with my telescope. Now Fellas I'll admit that I've been drinking but I'll be damned if I didn't see an Alien Mothership with her battle fleet overhead. They were cloaked but I could see their outline with my infared filter. Hopefully they begin their attack about a half hour before the bell rings in the morning, I've got a boat load of puts.

Orson Rennick Wells out

 

You saw that too? Thought I was the only one.

 

LOL, your best post so far Captain.

 

InfRared