5/05/2005

Things finance: the reissue of the thirty year bond doesn't mean as much as lots of people would have us believe. First, it will not affect your life in any way, other than real estate. Second, almost everyone in the world has long term bonds---France has a fifty year bond. It is good for real estate buyers because the 30 has always been the prime indicator for long term rates, such as buying a house.

The near total panic in the MSM that there is a tax surplus lets you know the truth about their POV once again, as most refuse to credit the tax cuts---particularly the dividend tax cut---for actually generating larger tax revenues.

DO NOT BUY STOCKS until the indexes are positive, what we have now is volativity heaven for futures traders, and nothing else. BTW the shorts are really getting burned and many large hedge funds are being forced to buy back (close out positions, re-evaluate stances, re-position themselves, and other lies so share holders in their funds will think everything is still cool) so a rally from this point may happen, then look for indexes to drop

BTW Chrenkoff has a photo essay worthy of the Schultzman....

BTW Schultz has a classic Abbot and Costello "Who's on First" parody up. Go there.

OBTW: super new Hubble Pix are here.....

New Sisyphus nails both Hitchens and Sullivan to the cross...er sodomy shed. Sullivan in particular is a Left Wing fruit whose only interest is having his deviant sexual behavior approved by the Catholic Church. Hitchens has always been Left Wing; everybody on the Left is fearful of religion because of the possibility of a final judgement. Me, I don't fear nothin'. I know where I'm headed and once I get there I'll find a lawyer who will douse the flames of hellfire. BTW, be sure you continue to read Sisyphus when you get there, it is unusually good today.