It’s not like I don’t get little enough sleep as it is… No, Fly’s gotta start chucking cherry bombs over at his place, talking all kinds of pina colada-induced nonsense about voting for the Emperor again, despite his concerted attack on the American economic system and his attempt to “transform” us into Denmark in the middle of a mild recession that is getting less and less milder as we speak.
All because he thinks Rick Perry — 11 year governor of Texas and one-time Southern Democrat — is going to abolish the Fed? Can he be serious? No, I don’t think he is, either.
No, I’m blaming it on second-degree sunburn, and leaving off. I don’t believe the Fly really wants to turn us into Europe… not with what’s going on over there right now, as their underfunded demographically-imploding welfare states dissolve into a puddle of ill-trained and ungrateful flash-mobs. And really, what can you expect from a country whose National Health Service had 239 patients die from malnutrition last year?
Yes, you read that right… click on the article to read more about the glories of social democracy and state-based healthcare provision. Obamacare, anyone?
It’s okay. You made a mistake. It hurts, and it’s embarrassing. Hell, you’ve got to ditch all that blue and red block-printed poster-board and tee shirtage. But don’t fret… there’s good news.
You’ll have a chance to right that wrong in 2012. It’s not going to be the “perfect candidate.” It never is. Sometimes you have to choose the good over the perfect, and sometimes even the lesser of two evils.
In this case, the choice won’t be that difficult. You’ve got a chance to undo some pretty significant damage. I know you’ll do the right thing in the end.
I remain stolid in my recent positions. My hedges, such as they are, harden into calcified barnacles, neither sentient nor proud. Their growth is de minimus, moving like the tides, if at all.
I’m not wholly convinced that the PM’s are quite dead or ready to roll over, so I guess I will wait for a sound. In the meantime, I continue to winnow positions in other areas, moving to an almost wholly “cash and PM” portfolio, save for my ETF positions and the BWA, WNR and UPS I still own.
OpEx is a tough week. Let us watch and wait for it to resolve itself. AUY continues to look fantastic, btw.
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