A Bit More Bull

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The Time Has Come June 12, 2014

Filed under: Other — BMB @ 9:39 am

All good things must end. And as it turns out, even some of the mediocre things must end at some time too.

After a few minutes of careful consideration (ok, maybe longer), I have decided that the upcoming Fourth of July holiday will mark the end of regular updates here at BMB.

I could go through a long list of reasons (and there is a list) — but the biggest reason of all is that after nearly 10 years of doing this, I simply don’t have much interest in doing it any longer. Nor do I have any real compelling reason to continue. As most of you can probably tell, I’ve really only been going through the motions and doing the bare minimum for quite some time now. Times change and people change, and I think the time has come for me to move on and do other things.

I will still be keeping an eye on the markets and making a trade now and then, but I will no longer be posting daily wraps and weekend updates. Quite frankly, I don’t even pay that much attention to them anymore, and would have stopped doing them some time ago if the process hadn’t been significantly automated.

I want to thank my small circle of regular readers over the years, especially those who have taken the time to leave comments. The blog has been an experience, for sure — mostly good, some not so good. I’ve learned a lot, and it has put me in cyber-touch with some of the big names in the business — I’d like to thank a few of those folks for their kindness as well: great guys like Gary Kaltbaum, Dave Landry, and Scott Bleier.

Thank you all for your support over the past nine-plus years — you can find contact info on my ‘about’ page.


Hey Janet February 26, 2014

Filed under: Markets,Other — BMB @ 6:07 pm


But I ask you again (and again and again, I know) to consider that the bubble is the policy and the big question in all of this is why, with the economy on square footing and corporate board rooms raking in the dough, do our monetary leaders continue to take from the poor and pay out to the rich?

Much like with the minimum wage debate, can’t we find a little something for Grandma in all of this as well? All she wants is to use her passbook for monthly withdrawals and see some of that replaced by interest returned on her savings. It used to be as American as apple pie, saving that is.

So hey Janet, will you and the eggheads you meet with at the next FOMC please consider firming up here and ending ZIRP or at least tapering it up (you know, .5% → 1% → 1.5%… can you handle that?) while T bond purchases are tapered down? Show the ultimate in confidence and get on the path to normalizing policy. People are gainfully making a killing in the stock market with your predecessor’s compliments and now it is time to help the non-speculators.


Crazy February 3, 2014

Filed under: Other — BMB @ 9:13 am

From today’s MMQB:

So Saturday was our Hall of Fame voting day in Manhattan. We cast our ballots in a ballroom on the second floor of the media hotel, the Sheraton Times Square. Lunch was brought in midway through the proceedings. Specifically, box lunches for the 46 voters and Hall officials. A description of my lunch:

• Chicken breast on focaccia.
•  Apple.
•  Lays Classic chips (small bag).
•  Brownie.

The cost: $102, including tip.

Per box lunch.



Gibson Government Series February 1, 2014

Filed under: Other,Tunes — BMB @ 2:27 pm

Definitely an “in your face” kinda thing. Good for them.

Great Gibson electric guitars have long been a means of fighting the establishment, so when the powers that be confiscated stocks of tonewoods from the Gibson factory in Nashville—only to return them once there was a resolution and the investigation ended—it was an event worth celebrating. Introducing the Government Series II Les Paul, a striking new guitar from Gibson USA for 2014 that suitably marks this infamous time in Gibson’s history.

Click to see the guitar:

Link via Joe_in_Indiana on Twitter.


Pay Attention January 27, 2014

Filed under: Other — BMB @ 8:00 am

“After being ‘blowtorched’ by U.S. politics, he says, this time he’s working for Beijing.”

This background comes to mind as Mr. Prince makes the surprising claim that “there’s very little advantage to being an American citizen anymore. They tax you anywhere in the world you are, they regulate you, and they certainly don’t help you, at all.”

His advice for Washington: “Stop committing suicide.” Lawmakers should “get out of their heads this idea that they can recklessly spend money that they don’t have,” he says. “The United States government is too big in all areas. . . . It’s time to make the entire thing a lot smaller.” That would include doing everything from allowing Americans to buy incandescent light bulbs to reining in domestic surveillance by the National Security Agency.

“Look,” he says, grasping to end our talk on an optimistic note, “America can pull its head out at any time. That happens at the ballot box. Ballot boxes have consequences still in America.” He continues: “But the American electorate has to actually pay attention, has to turn off the Xbox long enough to pay attention. Otherwise they’re going to continue to elect the government they deserve.”

Link from Instapundit.


Sounds Familiar December 26, 2013

Filed under: Other — BMB @ 5:13 pm

I’ve heard similar things somewhere before

“What to Do When ObamaCare Unravels”

The U.S. health-care market is dysfunctional. Obscure prices and $500 Band-Aids are legendary. The reason is simple: Health care and health insurance are strongly protected from competition. There are explicit barriers to entry, for example the laws in many states that require a “certificate of need” before one can build a new hospital. Regulatory compliance costs, approvals, nonprofit status, restrictions on foreign doctors and nurses, limits on medical residencies, and many more barriers keep prices up and competitors out. Hospitals whose main clients are uncompetitive insurers and the government cannot innovate and provide efficient cash service.

We need to permit the Southwest Airlines, Wal-Mart, Amazon.com and Apples of the world to bring to health care the same dramatic improvements in price, quality, variety, technology and efficiency that they brought to air travel, retail and electronics. We’ll know we are there when prices are on hospital websites, cash customers get discounts, and new hospitals and insurers swamp your inbox with attractive offers and great service.

Open pricing and competition are what drive prices down.


Earthrise December 25, 2013

Filed under: Other — BMB @ 10:07 am

This is how the most famous photo of all time was taken

Neat — with audio from the Apollo 8 astronauts as they took the shots.

Link from Instapundit.