Today's P&L: GBP 160.00
Today's Booze: 1 bottle of Russian Standard Vodka
Today's Soundtrack: Music to forget the past to
A boring day, most Americans had left the office for the thanksgiving weekend and as usual when the Americans aren't in the market it sort of dies after half past two. I made a quick 169 on going long, (buying) the FTSE100 in the morning but it was the kind of day when I may as well not have bothered. Instead I was considering the current state of the markets. I am less bemused by the continuing rise of the stock markets, obviously the reason is the continuing low bond yields which make equities attractive. If I had the money I would take a punt on 2 year Irish debt. Greek bonds seem attractive but at this stage I wouldn't pick any up until yields were over 40% because default seems inevitable, no matter how much money the Germans throw at the situation. bond YTM, (yield to maturity), is inverse to the price so as the yield rises the price drops and the bonds tend to perform like an equity. when that happens its a pure risk trade so sometimes it pays off like in Indonesia in ninety seven and other times it fails like in Argentina and before that Russia. The economy of America is frustrating. The woefully inept Bernanke announced an end to quantitative easing but this was followed up by the Fed announcing it will buy up to three hundred billion dollars of debt issued by the fed! The US debt situation is becoming comical.
I haven't posted for a while because I have been in hospital on and off. I shall be going back in at the end of July again - things don't look too good for me but who knows I feel ok more or less so I am not too worried right now.
The stalker finally seems to have had enough of me and I guess the most recent break up was inevitable. Of course I am sad about this but, to be honest, I am not what she needs in her life. She can't change me no matter how much she tries. I was considering this because I suppose I met her about twenty years ago and I have been in touch with the lunatic as well who I last saw twelve years ago. Both these women have matured and grown up in that time, it seems I have not.
Today's music, my top five tracks:
Undercover Of The Night - The Rolling Stones. Much criticized but I still love them. Tropical music for dangerous places. I have been to a few of those, the odd thing is I actively seem to seek out the worst places wherever I am.
Some Like It Hot - At heart I am still an eighties boy. The Power Station were much underrated. The two boys from Duran played some great guitar and bass and Tony Thompson on the drums, RIP Tony. Robert Palmer adds some sheen to the act, this is a good song and a great one to get drunk to.
In The Evening - Led Zep. This is the first track of the much unloved in through the out door record. At this stage Led Zeppelin were literally falling apart. The enormous success they had enjoyed was killing them. A good anecdote is when they about to perform a show and Elvis finished his set and introduced them saying "I know who your all here to see" because he was aware that for every one record he sold they sold three. At the time this was recorded Bonham was close to death and a shadow of his former self. Page was addicted to heroin and Plant was still grieving over the death of his son. This is still a great song though with a crushing guitar riff from Jimmy Page.
Only You Can Rock Me - UFO, a somewhat forgotten hard rock band from the early eighties. I saw this band live when I was about twelve. Life seemed so much easier back then, mind you its not like my life has been a struggle since then. The only person that has made things difficult for me is me.
Shine On You Crazy Diamond - The Floyd. This song is very evocative but also, for me, quite sad. It is about the founding member who went a bit mad after taking far too many drugs. Its sort of crazy to think he was out of the band before they started to enjoy their stadium rock success. I am someone who identifies with self-destructive behaviour.
In case I don't see 'ya...good afternoon, good evening, and goodnight!