"End of the World" Again. "Hey Nutmeg, how many times can the world end." "On ET, count on at least twice a day."
As I watch the S&P form a double top, I ran across this story: "Chief investment strategist" can mean a lot of different things, many of which boil down to: "No actionable opinions." Not so with Raymond James' Jeff Saut. I've personally known and followed his work for years. He's made me money with any number of calls, most recently with his call to overweight the energy sector in massive size last August. Past performance obviously doesn't predict future results, of course, but Saut's track record -- which spans some 40 years on Wall Street -- warrants attention. While by no means a bear, Saut sees the S&P 500 capped by the widely watched 1,344 level in the very near term. He'd be concerned with a drop below 1,320, but only for the very short term. Below that, Saut views 1,300 as "huge support." However, he's more sanguine than most in the broader market, provided we don't see "crude at $200" or some other outlying event. He views oil prices as being at or close to an "inflection point" in terms of the current rally, but he says "the days of cheap energy are in the rear-view." Saut is still looking for uncrowded places to invest with his current picks, and he's loading up on the financial sector, with a focus on smaller banks. He notes that the balance sheets look good and dividends are attractive, which tells him that managers are comfortable with their business and liquidity -- a notable change from the recent past. He continues to purchase and has a strong buy rating on IberiaBank (IBKC), saying he likes the 2.3% yield and that he sees the improving prospects of the bank's core customer base as another selling point. I'm putting a special "Breakout Strong Watch" recommendation on the above video -- and the body of work produced by Saut. http://finance.yahoo.com/blogs/breakout/jeff-saut-watch-p-500-levels-20110411-135029-639.html
Did you hear that Princess Diana was on the radio? Yep. And on the windshield and on the dashboard and on the steering wheel. . .
Strange Lincoln - Obama Coincidences Lincoln was elected in 1860, Obama was elected in 2008, nearly 150 years later. Each man's wife gained over forty pounds while living at the White House. Both men had vice-presidents who were illiterate Democrat senators. Lincoln was born in KENtucky, Obama was born in KENya - before both moved to Illinois. LincOln and Obama each had a single letter "O" in their last name. Neither Lincoln nor Obama ever wrote a book.
I went for a Chinese last night with my friend and got chatting to the waiter. He told me he was a kamikaze pilot during the war and that his code name was Chowmein. I said, 'Correct me if i'm wrong, but didn't you kamikaze pilots sacrifice your own lives for your country?' He then replied 'Ha, yes but I was Chicken Chowmein'
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Playboy reportedly offered Sarah Palin $4,000,000 to pose nude in an upcoming issue. Michelle Obama was offered $50 by National Geographic.
Those offers always reminds me of Howard Stern comment. Some guy called in and said his child was dying and was offered a wish from the "Make a Wish Foundation". The caller said his son's wish was a blow job from Dolly Parton.