...for those of you who don't get mad every time you see a non-investing blog on CAPS. Eh, why not? You who do get mad go ahead and check it out, too, and come back and vomit your rage all over my blog. I just scotchgarded® it.
Did you know that state employees in California collectively make $1B more than minimum wage... per month! Yikes. There are 200,000 of them, the minimum wage is $6.55/hr, and a full-time worker puts in about 160 hrs per month, so a little quick math says that they averaged comfortably more than $35/hr. Huh. I guess if only they had lived somewhere other than California, they could have saved some of that for just such an occasion. Too bad. [more]
Behold: the new avatar! Is it not the most magnificent avatar you have seen to date? (Except dwot's, of course.)
...though I am probably going to regret going on record as saying that, once some genius comes along and points out everything that's wrong with it. My brother, for example, pointed out that Mr. Bale doesn't do a very good Batman voice in Batman Begins, even though he is, undeniably, an excellent Bruce Wayne, and is the first Batman yet who is convincingly muscular in the bat suit. So his Batman voice (notice not his Bruce Wayne voice, in which he delivered about 90% of his lines, but only his Batman voice) ruined the movie for him? I was a little disappointed with how similar his training with Liam Neeson was to Obi-Wan's training with Liam Neeson (right down to the mystical gobbledygook), but I got over it and enjoyed the movie. It was a very good movie. The plot was a good comic book movie plot, the characters were very good, especially Cillian Murphy's the Scarecrow, who was indeed scary. The explanation of how he gets his Bat stuff was relatively believable, and Morgan Freeman's Lucius Fox was magnetic. Gary Oldman's convincingly overwhelmed Lt. Gordon tweaked the tension in the dark atmosphere of chaotic Gotham City. The fight scenes and chase scenes were what comic book movie fight and chase scenes should be: tense, yet cathartically explosive. I could go on and on about why Batman Begins was a very good movie. Yes, perhaps even a great movie, a label that ought not be applied lightly, especially not to a comic book movie. (Though I do like them, I am under no illusion that Iron Man or X-Men 2 is a great movie.) [more]
It looks like they're offering less than the market for shares. Who's going to sell their shares to the company for $27.50 when they could sell them to the market for $36? That's like 25% less! What am I missing?
By the way, did any of my readers get ACAS when it was yielding 25%? My excuse is that I was on vacation.
Hi everybody! I'm on vacation, visiting my beautiful and fun nieces in the beautiful and fun state of Washington. They're being tucked in right now, so I'm taking this moment to tell you all that I probably won't post again, prune my picks, or even follow the market until about Thursday or Friday. Let me know if something interesting happens.
I keep reading that we are experiencing deflation because of plummeting house prices etc. Actually, this further reinforces my argument that we are in a severely inflationary environment. Housing prices, unlike skyrocketing food and energy prices, are priced into reported inflation. Even with freefalling housing priced into the figures, we still have inflation (and no, dropping rates of reported - or even real - inflation do not mean deflation). Yes, house prices and securities, plasma TV's and even labor are all becoming more affordable. But education, foreign currency, precious metals, and foreign securities are all enjoying a long-term secular bull market, all helped by the falling value of the dollar. Just because houses are deflating from bubble valuations or people can't sell luxury items to working families anymore doesn't mean the dollar is increasing in value. [more]
I wrote this in an email to a friend a while back, after reading about astrophysics for several hours on the internet. I had been following rabbit trails in the course of researching theories of non-carbon biology for a sci-fi board game I'm making with said friend. Suddenly this thought occurred to me, in relation to the dark matter theory of anomalies in observed motion in the galaxy. [more]
I'm coming to the realization that I would have a lot more money right now if only I had bought put options in airlines and homebuilders instead of call options in fast-growing small caps with great technologies. Oh well. There's still time.
Everybody check out my new rec on The Fleabagger Portfolio. And congratulations to everyone who clicked the seedy-looking ads: I made over $3 in my first six weeks! You guys did great! At fifty-five cents per week, I'll make my first $100 in under 4 years. Invite your friends, and I may be able to retire this milennium. [more]