Thursday, March 13, 2008

$500 Hammers and $4000 Hookers

The Government Overpays for Everything!

  • $500 hammers. $4000/hr. hookers.  Is there no end to the government overpaying for stuff?
  • At $4000/hr., the rate is $66.67 per minute.  According to Dr. Dean Edell, the "right" amount of sex is between 7-13 minutes, not including foreplay or afterplay.  Skipping the before and after, and getting right down to business, would run you between $466.67 and $866.67.
  • I wonder if Eliot Spitzer went through the government contracting process to hire the hooker?  Did he put it out to bid and review proposals?  Did he give any kind of preferences to minority-owned or women-owned businesses? Was this a Haliburton no-bid in Iraq kind of thing?
  • "Kristen" is the girl.  Born Ashley Youmans and now going by Ashley Alexandra Dupre, the 22-year old says "I love who I am."  When the Emperors Club VIP said it was sending Kristen, a call girl it described as a "petite, very pretty brunette, 5 feet 5 inches, and 105 pounds," Client 9 (Spitzer) was pleased.  "Great, OK, wonderful," he told the escort service's booking agent, according to a federal affidavit.
  • Ashley should write a book.  Dontcha think?
  • Mrs. Eliot Spitzer, Silda Spitzer, should file for divorce, write a book, and run for Governor. Dontcha think?

Bulls Getting Screwed

  • I'm just staying long.  My "black box" timing system has been on a buy for awhile, but it's been wrong.  It's right about 80% of the time, and this time it's clanking in the 20% category.  Nevertheless, I remain 100% long and riding it out.  I still believe we're experiencing a correction similar to 1998.  Complicating the bull scenario is constant banging of the bear drum by campaigning politicians and their subsidiaries, the "Main Stream Media."
  • What does the Number One Market Timer On The Planet, Steve Todd, have to say?  Intermediate term bearish, long-term bullish!  Which is kind of a way to be right no matter what happens, right?  Anyways, he says "When you think about it, the market did pretty well considering the negative news background. What it needs is a follow through to the big push yesterday to give the rally some staying power. As the chart we show to E-mail subscribers demonstrates, the market surged from an oversold condition, but still needs to break the pattern of lower lows and lower highs. The odds favor that this will happen, but let's see."


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