No Surprise to Me

Well the NYT stated the obvious, so no need for me to do it. Rudolph W. Giuliani is a supporter of gay and abortion rights who is building his Republican primary campaign around his response to the terrorist attacks of Sept. 11, 2001. Pat Robertson, the Christian conservative broadcaster, once said permissiveness toward homosexuality and abortion led to God’s “lifting his protection” to allow those attacks. So, to put it honestly, Pat Robertson has endorsed for president of the United States, someone who condones what Robertson morally condemns as murder. Also an adulterer, and someone who supports a legal restructuring of marriage -- a bedrock of "family values" rhetoric -- into something Robertson claims is so scornful that it can bring "divine" intervention (or non-intervention). I don't think it's strange, at all. Giuliani is a fascist authoritarian. Freedom is about authority. Freedom is about the willingness of every single human being to cede to lawful authority a great deal of discretion about what you do. Robertson is a religious authoritarian. He'd be right at home and at peace in the Inquisition, most likely deriving erotic satisfaction from each new "purification" that came about. Moreover; in Robertson's childlike, bogeyman-fantasy world, we're...

This content is for Annual Subscription, Monthly Subscription, and Free Member Content members only.
Login Join Now
Read More

Mitigation

In spite of the general bleeding and beating I've been taking in the markets (on the indexes), here's a few mitigating single equity trades that worked out. These are part of a group of 25 short-term option trades, highly leveraged (out of the money options at purchase) and super high risk. The idea is that most will expire worthless, but a few will be very big winners, i.e., hundreds of percent gains with the idea that overall one might make 10-30 percent on risk over the space of a month. Expiration is next week, so beginning yesterday, I began looking to close out profitable ones that looked like they might be getting ready to reverse. Being as highly risky as they are, we're talking a fraction of one percent of total account value in each one. There were 22 call options, 3 put options, all November expiration. Charts & commentary below the fold. Click on the charts for bigger. First up, I closed my calls on Sunpower Corp (SPWR) yesterday while it was right up at the top around $150. Could have done better waiting for today as it's now trading near $160. 700% profit on this one. I got...

This content is for Annual Subscription, Monthly Subscription, and Free Member Content members only.
Login Join Now
Read More

Better Safe Than Sorry

Yes. Absolutely. Christ, already. This is one of my pet peeves in the world (go check that photo at the NYT link). Yea, we're "not being too careful" everywhere, now. It was just the other day I decided to forgo a normal dinner in lieu of a Nathan's hot dog, a buttered popcorn, and a Coke while seeing what's all the hubbub about Ben's brother in Gone Baby Gone (good performance; I'd probably have just let Morgan, his wife, and the "adopted" girl be). It's a weeknight, and the downtown cinema is uncharacteristically busy. Then the fat chick in front of me takes the last three (three!) hot dogs. So, anyway, it's going to be 15-20 until they've got a new batch sufficiently warmed. Damn; now I'm gonna have to ditch a few minutes of the show -- as I will not be denied my Nathan's. So I pop out during a lull, there's no line at the counter, and I command them to go, with all haste. Well, first they have to take the hot dog's temperature (is it sick? do they not know that hot dogs are cured and pre-cooked?). Whew; passed the test. Are we a go,...

This content is for Annual Subscription, Monthly Subscription, and Free Member Content members only.
Login Join Now
Read More

Ersatz Libertarians

Justin Raimondo does a good number on fake libertarians of all kinds and shapes. The denizens of the Beltway “libertarian” crowd are largely legends in their own minds: Ron Paul, on the other hand, is a real world person, a nine-term Republican congressman from the Gulf coast of Texas who has nonetheless managed to maintain his unblemished record of libertarian integrity. Paul, as Gillespie would have it, is “too stupid to realize that’s not how politics works.” Here we have a former editor of “Suck” lecturing America’s most successful libertarian politician on how politics works: it’s laughable. Paul’s entire career in politics is a living reproach to the cynicism of Gillespie and his fellow wannabe “libertarian pundits, and that’s why they get wheeled out to sneer at him. I linked three examples, above, but there are many more. I've recognized for a long time that any and all of these kinds of pundits will sacrifice principles for popularity every time. Q&O is a pathetic example, as they really aren't even that popular. Paul has, at least -- honestly, and with integrity -- always stated his principles (some of which differ substantially from mine), done his very best to act in...

This content is for Annual Subscription, Monthly Subscription, and Free Member Content members only.
Login Join Now
Read More

Nothing to see here

Ron Paul raised $3.8 million so far...today! Nothing to see here, libertarians. 'Aint perfect. No guarantees. Prolly'll amount to squat. Move right along. Update: Looks like the final total for the day is coming in around $4.2 million.

This content is for Annual Subscription, Monthly Subscription, and Free Member Content members only.
Login Join Now
Read More

Almost There

Well, see for yourself. I switched out Bea's Mac Mini for her work MacBook Pro (setup to the left; she has only the 2.2Ghtz model, not the 2.4 as I do). It's a bit more cumbersome, as she has to pack up and set up every morning and evening, but with an extra power supply in place, she has only to unplug the power and monitor (no need to screw in the DVI monitor interface), pop the lid closed and she's off. No need to shut down either going to work or coming home. She'll be running on power soon enough. The advantages of working off one machine make up for the bit of extra hassle, plus this is such a nicer machine. Underneath that desk used to reside a bunch of PC equipment and now there's none. I'm retaining my tiny Vaio notebook, but that'll be the only PC in the house. It has been surprisingly easy and effortless, and I've pretty much discovered enough using the Mac day-to-day to get real stuff done that I haven't the slightest regret about the switch -- quite the contrary. It's mostly a whole bunch of little things. It does a lot...

This content is for Annual Subscription, Monthly Subscription, and Free Member Content members only.
Login Join Now
Read More