The rape murder of an 82 year old woman that was commited 34 years ago appears to be solved. This is paraphased from the LA Times 9/11/09. A Los Angeles man was stopped for a routine traffic violation and it was dicovered that his DNA matched that at the crime scene (I have no idea why DNA would come up in a trafic stop??).
Horible, horrible crime but here is the conundrum: the rape/murder was commited in 1975. At the time the suspect was 16 years old, a juvenile. He is now 50 but is being arraigned in a LA county juvenile court instead of adult court.
This begs a ton of ethical, moral and legal questions. I’m not sure I quite understand the intent of the courts. I could use your feedback,
Thanks, 54
LA Times 9/13/09, paraphrased: Woman cannot become a nun because her $94,000 in student loans keeps her from taking a “vow of poverty”. Humm… let’s see, no income, $94k in debt, sounds like poverty to me!!
LA Times,: “companies contemplate four day work week in response to disgruntled worker demands”. GIVE ME A BREAK, I’ve been unemployed for a couple of months now with no end in sight and I would love to have a four day work week. Those of the entitled majority (and they ain’t 50+, WHM’s) appear to be grousing about the amount of hours they’re forced to work in a five-day work week. Do the think we are French?
For those of us middle-class men living off savings and our 401(k)s, give me a freaking break! GEE do you think some of them might be tenured Gov’t employees?
And now for my poem: When we entitle those who don’t deserve Oh, what a wicked web doth comes around to bite us in the ass
It doesn’t rhyme and like the joke in my earlier post, I frankly don’t give a damn. Just a thought for today.
54WHM
Well it’s a bold run to a 10,000+ DOW. People are piling in creating heavy volume. Remember, the hardest thing about being a smart investor is selling and leaving money on the table. I’ve recently had some incredible gains in the last six months, like most people have. I sold just about everything this week, with returns ranging from 110% to 25%. Plus a couple of nice dividend releases in September and October.
Remember the good earnings come out first and the markets are looking for reasons to climb. The bad earnings come out next and the market will be looking for reasons to sell and take profits
I’ll be looking for a 10 to 15% retracement of the DOW when the bad earnings reports are at their height. Probably in early November, at the earliest late October. I’ll put half of my gains back into the stocks that I rode up on good fundamentals at that time. Then sell into the Santa Claus rally, which would be topping early to middle December (oh yes, Santa will come, but for a short time only). Be out by December 20; remember fund managers will be looking to optimize gains and losses for the year. Sometime in mid to late January can be an incredible time to buy for the 6 to 12 month horizon.
The best to all of us as we enter this holiday season. Let’s make a couple extra bucks on the way to Christmas.
Respectfully yours, 54, WHM
I’ve been involved with gold since 1978, mining, refining, buying and selling. I was holding gold in the early 80s, when the Bass brothers ran up the silver and gold markets. I sold $300 gold at $850 and left about $150 on the table for the next investor. A couple years later, I was buying a gold back at $400 an ounce. I recently sold all my physical gold and mining stocks when gold hit $980.
Today it was over $1060, the glitter is gone. Get out; leave a little money on the table for the next guy coming in. Take your 30, 40, 50, 100% return and run. We all know in a year, you’ll be able to buy it back at $500 to $600, at the most $700. The glitter is gone!
My experience over 20 years tells me that there is very little upside, maybe 5 to 10% and an incredible downside risk. If your getting into the gold market now, beware ~ gold at $1,000 plus per ounce is not a long-term investment for the next 1 ~ 2 years. Don’t believe the gloss and glitter that the gold market bullion and stock companies send you on a daily basis. They’re the best at stepping over the line with thinly couched false claims of investment returns in precious metals.
On a side note; go through the jewelry they haven’t worn the last couple years. Take it to your local gold and silver dealer in cash and. put all that money into solid stocks. Sometime around the end of January. For my views on the stock market, see my previous post on this blog.
Be smart, don’t sink like lead, and remember the golden rule, by low sell high.
The best, 54whm
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