Wednesday, May 10, 2006

Bubblin' Crude

  • I jumped into the bubblin' crude this morning.  Oil that is.  Black gold.  Texas tea.  Why?  Well, nothing from the Black Box on it.  This is more of a "I bet they move 'em higher before Memorial Day weekend" play.  I'm still mostly in the low-beta market index kinds of stuff, and have some cash on the sidelines.  Funny how the Nasdaq and tech really aren't moving along much in this rally.  Normally, I'd be looking for market weakness ahead of options week to add some beta  But not doing that here.
  • Elvis night on American Idol. Almost as if they're intentionally trying to eliminate McPheever.  That's a tough gig for a woman to sing.  Personally, I like her.  The only one of the final four that I wouldn't buy a CD from is Elliot.  I don't think I'd even download his music.  He pretty much bores my socks off.
  • Veronica Mars wrapped up the season with the "who dunnit" being the Beaver.   Not as good as finale as last season's.  The kids are graduating high school, which is a good thing since they're all looking a bit too old for those rolls.  On to college, where most high school series begin to wane.

  • The big deal in CA is whether the state will scrap the high school exit exam.  About 10% of haven't passed the exam, and attornies are arguing that the exam discriminates against minorities and the poor.  Of course, I'd argue that every test given discriminates against those who can't pass.  But seriously, if these kids can't pass the exit exam, what makes them think they're ready for life after high school?  Will they then need remedial classes in college?  Will employees even consider them for job openings?  Seems like the real discrimination would happen if the school system graduated this kids when they're not truly prepared for life after high school.
  • Cold Hearted Truth on American Idol.  He likes Taylor.
  • Captain's Quarters on the $70 billion deal in Congress to extend the Bush tax cuts on dividends and capital gains.  It would also spare about 15 million folks from the dreaded AMT.

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