Global economic situation for liveaboard cruising yachties

[Boston]

well that was a boring day of watching small advances and pull backs
Im out at 8900 for a small gain on the day
not my best but a gain none the less
B

[masalai]

So, it is now 3 hours later - how did/are you going?

This is not all that new but not good news for citizens of USA http://money.cnn.com/2009/05/12/news...ion=2009051217 in particular 'baby-boomers' due for retirement, and those who may become redundant, retrenched or loose their jobs... More reports and links here http://financialsense.com/stormwatch/main.html

[masalai]

Well, 'all's quiet on the western front', so that begs the question - ? What is cooking? something is afoot and everyone seems quiet again... The $US index is still falling, some of the other currencies are not rising against the $US and gold is slightly lifting/hovering, major share bourses seem nervous and the chartists seem to be getting more and more excited but nothing is happening???? Anyone got a working crystal ball? - - I'll settle on some inside trading info?

[Boston]

the Chrystal ball says the mid range chart is within predictable range starting from March 16 to today
its at the low end but its in the ball park
matter of fact you can draw a trend line between 7 lows that all hit this support dead on
this being the 8th
so this bottom was a fairly easily predicted buy area for SSO
I got in at about 8910 and now its hovering round 8962 Im thinking that after three days of bad performance the market wants to bounce a little and its in the perfect spot to do so and has done so 7 out of 7 times it previously came to this level in the past few months
all in all a very predictable day even though the fall off in stocks was a bit dramatic and went outside the shorter term norms
its still following a generally Bull movement given a longer term look
time will tell
Ill clue you in on my success or failure at the end of the trading day
B

[Boston]

got out at 8991 for a nice gain on the day

cheers

was just over spying some great picts Mas
way to go looks like the boat is coming along well
you are an inspiration
B

[masalai]

This is an interesting market leader/marker http://financialsense.com/fsu/editor...2009/0514.html , bloody y/hell the feeds are quiet? is everyone watching and waiting for the first fall off to mark the end-game of this bear-trap-rally?

I feel that this must be a bear-trap as there are no fundamentals or solid ground on which to support the "optimism" apart from a herd wish led by the chutzpah experts in the mass hysteria/media... Been reading for more than an hour and opinion seems bullish & bearish - one says copper up/strong and another says weakening over the week and the same for just about everything, so do I do the cartoon stunt and panic about exiting stage left or right? - Not likely, just take a deep breath, admonish : "**** it all" and continue with building my boat....

Lovely lady has had enough of trying to teach stupid people who have no desire to learn (pulled the pin and is on stress leave - determined never to go back to the high school, and is discovering how much stress and tension it was costing, Our little floating island is seeming to be more attractive every day of the build...

[Boston]

I agree with the Bear Trap theory to a large degree
we have borrowed our way out of trouble and thats not ever good
basically mismanagement got us in this mess and profits from it
why would it want to change ( I have always avoided borrowing money )
other than to bilk more money out of a system that could not possibly have survived

I just dont have time to read all this stuff your posting for us Mas
but Ill try to catch this last one while my salmon soaks up some of that sauce I just drenched it in

interesting
I didnt know any of that about copper mate
thanks for the post
B

[masalai]

Boston, is that FRESH salmon - you lucky sod, All I can get is the frozen stuff "that John West rejects" or tinned stuff.... I am keen to trawl a line whilst sailing and pray for enough to give me a fresh fish diet...

With most of the stuff I post, I speed read, and about a third or less I will re-read carefully when I have printed it out - so I can mark key points for future reference... otherwise it is either actual or memory "stickey notes" to mark event triggers to watch for...

Like you with your market play, after a while you get to know what to look for as keys or triggers and the rest becomes background mumble/rumble... On thinking about copper, it is a highly useful metal and fairly expensive so small inventories only are carried so it becomes a leading indicator of/for many market sectors - ergo the name of Dr Copper could be quite justified...

[Landlubber]

Mas,

You can buy very good aussie salmon, even sell it at Wollies!

You need to get out more my friend!

[Boston]

yerp
was a nice fresh wild caught salmon and dam tasty to
the local market gets it flown in from Alaska and sells it for sushi. I buy some fresh when Im there but other than that I just get the frozen stuff, its a lot cheaper.

we got great smoked salmon as well
my friends neighbor is a Inuit and dam that boy can smoke a fish
unreal it is
ever seen a whole dinner party close there eyes on that first bite and all go
mmmmmmmmmmm
Ive seen it once and we all about fell off our chairs in tasty bliss
it was fresh salmon sun dried and smoked over some secret pile of wood when it was about half dried out already
I think he puts ground willow in on the fire of something but its not hickory or anything you would normally think of
he uses what they would use in Alaska and is having a great time keeping it secret from me
Mark might know

and ya, most of the crap coming out of the financials is just blither, all you need do is look at the charts and check out the indicators exactly as you say

best
B

[masalai]

Shhh I know that, but Boston didn't - now my reason for posting is shot Then again I am very weary of fish in shops - How old is it? Nothing like the flavour and pleasure of 30 minutes from being caught to eating....

[Landlubber]

why wait so long.......

[masalai]

Well one has to haul it in, de hook, then head for a nearby beach and make a fire of salty driftwood and depending on size of fish and preferences, - - gut, scale and cut it up or wrap it in leaves and bake it with watercress, fern-leaves, and maybe some bush/sweet potato and stuffed with fresh grated coconut and coconut-water mix, all secured inside a couple of banana leaves...

Then again it depends on what other stuff you have and how hungry you are?

[Landlubber]

Ahhhh you need a boat mate, haul it in , give it to the cook, get out the beer and sit and wait.....

Back in Brissy tomorrow, I sould come and see the mess you are creating, always good fun eh.

[masalai]

But, But But, I'm the cook & bottle washer ?