I am proud to report that I have decided to keep the Margarita Lounge alive! With my regular use of Facebook, I have recently felt that the Margarita Lounge would end up a relic of the past. I have decide that they are just two very different animals.
Facebook tends to be good for quick updates of what's going on in my life. But I think the Margarita Lounge is a better venue for any "detail" stories as well as my occasional long rants about things in the world that piss me off. Thank you to everyone who told me I should keep it going.....
Monday, May 25, 2009
Saturday, May 23, 2009
Rain Rain Go Away
Well, I guess we needed to get a little rain....but, we're tired of it now. Seems as though it's been raining for an entire week straight. Our entire back yard was literally under water this afternoon - the good news is that we won't have to turn the sprinkler system on for a week or so.Wednesday, May 20, 2009
Market Update
Sorry for the lack of recent stock market commentary, loyal readers. I realize that most of you are probably not interested in this, but since I am and its my blog I can do what I want! Ha Ha.
Seriously though, I am VERY impressed with the recent move in the market off the March 6 lows. I can say with 95% certainty that we will not see the March lows again. The VIX is down below the Sept/Oct levels, yield spreads on bonds are tightening, and there is a growing realization that this is not going to be the "Great Depression #2". For those with a short memory, please read my April 6th entry where I mention hitting 900 on the S&P 500...I think we closed today at 903. I love tooting my own horn when I am right!
Long term I am still a big bull on our economy and the market. It wouldn't surprise me to see the S&P 500 near 1000 by the end of the year...maybe even a little higher. That being said, I think there is a strong case for an aggressive trader to make a few bucks here going short. After all, we have had a 35% run and no major pullback(considered 10% or more)...a situation that makes me a little nervous. So...I bought some FAZ today around 5. I have done this recently a few times and have been crushed, so you think I would learn, right? But I think I am right this time. I figure if I can get 6.5 to 7 out of it I will be happy...then I can go back into the market long at a cheaper level than we are right now and ride the wave into the end of the year. You could also do this with TZA, which I did for a few of my more aggressive clients today between 25-26.
Seriously though, I am VERY impressed with the recent move in the market off the March 6 lows. I can say with 95% certainty that we will not see the March lows again. The VIX is down below the Sept/Oct levels, yield spreads on bonds are tightening, and there is a growing realization that this is not going to be the "Great Depression #2". For those with a short memory, please read my April 6th entry where I mention hitting 900 on the S&P 500...I think we closed today at 903. I love tooting my own horn when I am right!
Long term I am still a big bull on our economy and the market. It wouldn't surprise me to see the S&P 500 near 1000 by the end of the year...maybe even a little higher. That being said, I think there is a strong case for an aggressive trader to make a few bucks here going short. After all, we have had a 35% run and no major pullback(considered 10% or more)...a situation that makes me a little nervous. So...I bought some FAZ today around 5. I have done this recently a few times and have been crushed, so you think I would learn, right? But I think I am right this time. I figure if I can get 6.5 to 7 out of it I will be happy...then I can go back into the market long at a cheaper level than we are right now and ride the wave into the end of the year. You could also do this with TZA, which I did for a few of my more aggressive clients today between 25-26.
Saturday, May 09, 2009
Janes Addiction/NIN concert
After being a big fan of both Nine Inch Nails and Jane's Addiction for years, I was needless to say excited when this concert rolled around...there was NO WAY I was going to miss it considering the opening date of the tour was 15 minutes from my house. Last Night was as close to a religious experience as I get. While I would have liked to see both of them play longer (the West Palm Beach noise ordinance makes concerts end by 11pm) I was still very happy to see them play live finally. And considering it is Trent Reznor's last tour as NIN I am glad I got to see him before he hangs 'em up.
I posted a few links below to a guy who goes by bootlegbyeddie that recorded the concert. I have never met this guy and the audio is a little rough, but if you want to get an idea of what it was like last night, here are two songs from Janes and two from NIN for your listening and viewing pleasure:
NIN WISH
NIN HEAD LIKE A HOLE
JANES PIGS IN ZEN
JANES JANE SAYS (last song of the show)
I posted a few links below to a guy who goes by bootlegbyeddie that recorded the concert. I have never met this guy and the audio is a little rough, but if you want to get an idea of what it was like last night, here are two songs from Janes and two from NIN for your listening and viewing pleasure:
NIN WISH
NIN HEAD LIKE A HOLE
JANES PIGS IN ZEN
JANES JANE SAYS (last song of the show)
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