Dead Cats and Vicious Bears

If you are a short termer in the stockmarket of late you would have done well over the last week or so depending on the stock that you purchased.

I am thinking you might want to cut and run soon.

Stocks like Fletcher Building [FBU.NZ] are up more than 20% on recent lows, Mainfreight [MFT.NZ] up by nearly 20%, Sky City Entertainment [SKC.NZ], Goodman Fielder [GFF.NZ], Briscoe Group [BGR.NZ], Hallenstein Glasson [HLG.NZ] and Ryman Healthcare [RYM.NZ] all up over 10%.

The NZX is up nearly 200 points, 43 of them today.

Markets around the world are up dizzying amounts over the last week and a half, the DOW alone leaping around 1000 points off 13 year lows. It gained nearly 500 points today in the third highest ever percentage gain in the indexes history.

Dizzying stats huh?

What does all this upwards activity really mean though?

In my not so humble opinion it means very little at all.

The impetus for all this upwards frenzy is Barack Obama and his manufacturing money supply in the trillions, just over the last few weeks alone to "ease the credit crises". Apparently it is a positive move.

People investing back into the stockmarket now think this is all over so they send the DOW 500 points higher?

Have we all forgotten the reality that the world is in a deep recession?

I believe moves made by Obama over the last few days mean caution flags should be raised in investors minds. His moves will make things worse in the long term.

The market should have gone down.

Once the detail of this is digested, the market will wake up to reality and continue to fall.

It is a sucker Dead Cat rally and it ain't the kind of pussycat one wants to take home.

Disclosure: I own all the shares mentioned in this article.


Recent Share Investor Reading

• Long VS Short: Freightways Ltd
• Briscoe's cash worth looking at
• "Sin" stocks saintly for the Wallet
• Bonds: "Investment Grade" Bonds
• Attractive looking Stock Prices
• Warren Buffett Week

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c Share Investor 2009

"Crunchy the Clown" Andrew William's drunken joke

"I represent the people of North Shore and the best interests of my citizens". Andrew Williams, North Shore Mayor.

I voted for Andrew Williams, the Loony Mayor of Auckland's North Shore, because he promised to focus on cutting costs to ratepayers and bringing an open an honest way of operating the council.

Not only are we going to get a another massive hike in rates this year but Andrew and his mates have been busy spending millions on buying beach front houses to "make parks", putting in swing bridges in Castor Bay at the bottom of his street at the cost of half a million, spending up large on food and alcohol for himself and councilors and allowing private contractors to increase their bills on Council works projects when quotes were given at a set price.

The latest money wasting exercise is William's use of over $1300 of ratepayer money (see video below) to buy private label wine at 18 bucks a bottle to give to political allies and friends.

The wine is labeled "Stop Banks" and is a reference to John Banks and his advocacy for a "Super City" for Auckland, which Williams is against because he wouldn't stand a shit show of getting anywhere near being elected, because the guy is barking.

William's priorities are wrong, he has broken most of his pre-election policies and this latest scandal should surely mean he falls on his highly paddled arsehole and give the Mayoral chains to someone who has respect for the office of Mayor and the ratepayers who have paid for his grand schemes and this latest little tawdry muck fest.

William's Mayoral term thus far has been mired in controversy, arrogance, paranoid rantings, stupidity and downright nuttiness at times.

I am truly ashamed that I voted for this mad prick. I wish I could take my vote back.

Tell Crunchy what you think of his disrespectful ways at mayor@northshorecity.govt.nz  Dont be nasty just state your opinion forcefully.

More Mad Mayoral Musings

"Crunchy the Clown" article

Breakfast TV pokes fun at Mr Williams

William's goes ballistic at North Shore Events Centre

Andrewwilliamsismad.blogspot.com

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Freedom of choice at centre of new Holiday Law

The opposition to a move by National to allow a week of employees holidays to be "sold" to employers is perplexing to say the least. 

It will mean that those employees will now have a choice to sell and or work that week and get in effect double the pay.

Unions and the Labour Party are bleating that this will effect "workers rights" but it is clear that the former setup rather than the new one impinges on those workers rights.

The new law will allow workers more freedom of choice, something the left hates.

It cannot be left to those Unionists within and outside the Labour Party (very hard to tell which is which now that Andrew Little is inside Labour) to tell vulnerable workers what to do, and how long they should take for a holiday. It is nobody else's business but the employees and employers.

Unions and their bully boy tactics are best assigned to the past, where they well and truly belong.

The only problem with the National's plan is that it will only come in April 1 2010 and it will only be for 1 week of the 4 week entitlement.

The whole 4 weeks should be up for negotiation.

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Bashing Obama for joke retarded

I'm not the worlds greatest Barack Obama supporter, in fact I think he is an evil greedy little socialist control freak, but be that as it may he certainly doesn't deserve the borax thrown at him by his own sensitive PC freak supporters for having a joke at his expense.

In an appearance Thursday night on "The Tonight Show With Jay Leno," President Barack Obama made a joke about his lackluster bowling skills by saying: "It was like Special Olympics or something." Kanzas City.com

But the comment caused an immediate stir in Washington and around the nation.

For Christ sake he is a well know supporter of the special Olympics and for people from all political sides to critique him for this is nothing short of brain dead moronity.

When is saying what is on your mind some sort of crime! do we want the prominent people to sanitise what they say and not say what they really mean?

Hell no!

With politicians we get enough of the flim flam, bullshit and political speak, this is the first time Obama has looked human in his political life!

No well written empty of content speeches to hide his true self and agenda.

Give him a break and let him become the man he really is.

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c Political Animal 2009