Tomorrow is Friday so get those requests in! I do music, film, books, science, and anything else you can think of. As of late I am reminded of a line from the film "Major League":
In case you haven't noticed, and judging by the attendance you haven't,....Not many folks stopping in. What can you do.
Referee Stops the Fight!
"When you start comparing apples with peaches, you are not speculating, you are in the lemonade business"
-Famous Investor Jesse Lauriston Livermore
If the markets were a boxing contest the referee would have stopped the fight today. Wild gyrations and crazy action result in a mess where everyone is confused. I warned last night on plowing into oil and metals and today that was evident. Longer term, things may well work out (especially the metals!), but why join a mad crowd at an Best Buy Christmas early open ceremony?
For a great metals read, see Jesse (the other one) at the Cafe:
Silver Market Hit Hard With Bear Raid - The Infamous Dr. Evil Strategy
For oil, what can I say when a policy advisor advises intervention in Saudi Arabia should things get out of hand to keep the oil flowing:
Charles Krauthammer: All Hell Could Break Loose In The Middle East After March 11
Energy. Cheap Energy. Your I-whatever's need it, your Twitter accounts depend on it, your Facebook addictions demand it, your car cannot live without it. Now, how do you want to pay? Cash or intervention via military force?
For a thought experiment, check out Leigh Drogen's great essay:
Dictators Don’t Have Perfect Information
I left a comment saying "Great Points" but reading the item I was struck how our own Treasury and FED are the EXACT SAME THING Mr. Drogen wonderfully explains yet he does not mention them.
I had some more stuff, but I have some work to do.
Added: Going into the buzz saw with HSY and DAN.
Have a good night.
