Bloomin' At Cactus Canyon in Las Vegas April 28, 2009

Nothing remarkable

In this Barron's 4'26 issue, "Is this bull run for real ?"

 The only thing for  me was..."incidentally, low priced, riskier stocks leading the upside is compatible both with  bear rallies and the liftoff phase of bull markets..." Say what  ?

And we are soaked for IRA fees  etc .for this fishy fishy in a brook ??

Poo-Paw will be picking the Ky Derby bets for y'all next weekend.

So Giddyup and GO  !!                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

Is it over??

I have concern about our economy. I have concern that deflation, not inflation, as is believed, will be the result of this massive fed spending.  The plan in place is to allow no large companies to fail, just bail.

And bail your troubles away. Within a few months, happy days are here again. People will be buying houses, autos, shopping in malls again. So some inflation occurs as this new money and renewal of commerce will allow the fed to repay debts with inflated dollars. Or will this cause DEFLATION ?

Hoisington-Hunt note that since the 1870-ies there have occured three extended deflations:

from 1874 to 1894 USA

from 1928 to 1941 USA

from 1988 to 2008 in Japan.

All of these deflations occured in the aftermath of an extended period of extreme overindebtedness. What to do ?

Since 1802 U.S stocks have returned  2.5 % per annum more than U.S. Treasuries.

However, in ALL three aforementioned  debt deflations, the return on Treasuries exceeded the returns on stocks.

In Elliott Wave structure -top-crash-fool's rally-lengthy decline-bottom, we've been through the bubbles at the top, through the crash of a loss of 40%, and are in the fool's rally when Whooo, it's over. We'll see.

Since 1802   

X vs Y

In church today the Pastor tipped that on Google,"the difference between men and women" created 2.6 million responses.

Read a couple of these entries for a gas.

Sorry about going dark on Poo-Paw for a month. I was on a journey on a cruise on the colitis sea.

By the way, type in "Poo-Paw" on google and we come up #2.

Thanks, Grace !!

Exit when noise is hyper

Taking some off the table on this big rally, up 25% in a month.

Poo-Paw

Our Texas Mountain Laurel

BEAUTIFUL!

Cabin At Last

The annual cabin STAG is held the 1st weekend of May as is the Ky Derby. Whereas the Derby has unique bonnets and gowns and mint jullips, the STAG features jeans and sweats and baseball hats, some caps reversed. Beers and chasers, grilled steaks, burgers and dogs,Polish sausages and Mexican casseroles laced with jalapenos. Cigars. Pool, poker, horse shoes and a horse draw for the Derby.

A Klan without hatred nor sheets.  

Cabin fever

Two owl buses remained, two hrs after "last call". 

We closed the club house for the night, and winded up the old stream road to the cabin, mostly in low gear. My headlights were bouncing around as I followed the lead car, Mr. T's.

Suddenly the lead car stopped. Guys bailed from all four doors. The rider in the front passenger seat, Principal O'Rourke, was actively vomiting. Others were wiping their eyes and circling about, some gagging.

We raced up to the scene, "WHAT HAPPENED" ??? 

Nothing more than a rider in the back seat unloading a lower digestive ripper.

    

Cabin 1

The Exit Light and Scoopshot were shooting pool so we said we would bring home all the food and beers when we finished, We were closing down at the cabin, near Pikes Peak, 2 hrs from Denver. It was Ky Derby weekend, also the same weekend of the STAG. F-S-S

The Judge happened to see 2 snaps driving toward the cabin on Sat. On inquiry they were bar belles, hearing that there was a party worth crashing. The Judge sent them back and fined the leak a case of cold beer if he wished to return to the Stag.

20 minutes later Lefty returned solo with 2 cases of cold beer.

O yes. The snow. So wet and cold and windless, one could park an open beer on the roof. And we had all the stores. Ham sandwiches, etc, a pig's delight.

Arriving in Denver we called Mr T to see if we could bring over the grub and beers.

 Rebecca answered. She said, after a gasping moment, that Mr. T's group of three cars were checked in for the night in Colo Springs at the Lamplight AKA Candlenight Inn, then faded away about a "house or horse in the middle of the road..."