DRAFT SET FOR SUNDAY, AUGUST 24TH, 7:15 PM.
Yes, this is the league that David Ovalle was too scared to join last year. This is the league that saw hot shot federal trial lawyers humbled by injured running backs and gimpy wide receivers. This is the league that even confounded yours truly, despite our genius drafting of the best player in the league-Peyton Manning.
Last year we had twelve players, two divisions of six. We can expand to 15 (three divisions of five) 18 (three divisions of six) or twenty (four divisions of five). If you want in, and are not "ascared" like some Charger loving journalists, shoot us an email and in twenty five words or less tell us why DOM can't draft as well as he can try a case.
TO HELL IN A HANDBASKET
We
returned from a long weekend/short trip-
this past Monday ( client meetings in NYC and Boston, weekend at the
Cape) and despite having to
immediately plunge into a trial with evidentiary motions on Monday due to the
complete stupidity and ignorance of a
black robe wearing, gavel banging, never made a dollar in private practice and
never tried a case
so-I-don’t-understand-why-you-are-upset-at-me-setting-this-trial-the
day-you-return-from-vacation…., here’s
what we saw whilst perusing the headlines:
More
death and destruction in Gaza, with the US unable to influence either party to
agree to a ceasefire until they were ready;
Russian
troops massing on the Ukraine boarder; Russia/Putin impervious to US-European
sanctions, the US unable to influence Putin and Russia;
Ebola
Virus breaking out in Africa; the US and World Health Organization seemingly
unable to restrain the virus despite a burgeoning effort of money and expert
doctors being thrown at the problem.
The
Fed is going to raise interest rates, probably in January, but study closely
the guidance they give at the September FMOC.
Last
night President Obama authorized the use of airstrikes in an Iraq, which is a
nation now in name only. After 13 years of war and US blood and treasury, we
end up with a fractured country more divided than ever between Sunni and Shiite
Muslims. And all the President’s officers and all the President’s F-22 strikes
won’t put Humpty Dumpty back together again.
The
stock market bull is running hard, but shows disconcerting signs of wheezing
and weakening at uncontrollable events like Russia-Ukraine-Gaza- Africa.
It’s
a brand new world folks, and it is seemingly teetering on the brink of disaster
everywhere you look.
So
Rumpole advises,
1)
Buy land in the interior of the United States. Wyoming, Montana, Tennessee,
Oklahoma, Western North Carolina, Wisconsin, Michigan. And make sure that land
has….water. Lots of fresh water. Just ask the people in California about that.
2)
If you’re in stocks, go to cash (sell into this "rising market", don't panic sell). If you want to play the market buy the
SQQQ ‘s and short the Nasdaq.
3)
Buy gold. Buy this stock: GLD which is a Gold ETF. Short Groupon (Coup), or sell the calls and
buy the puts, which we have done from August through November.
This
market is headed for a correction folks, and the more it staggers in August and
September, the more an October correction (or worse) looks highly likely.
(As we're writing this, CNBC just reported that McDonalds missed it's number big time. The stock is down.)
And
please, do your homework and do NOT invest on our (expert) word alone.
Sit
tight and hope for the best and prepare for the worst. The US economy is
improving, but slowly and fitfully, and there are a lot of underlying
significant issues that could plunge us quickly back into a recession and a
rough bear market.
Hang
tight. See You In Court.
Rump, In Re: your comment to buy gold. Maybe you or one of your astute readers can help me out. I inherited some old gold $5 coins dating back to the early 1900's. When I went to coin/gold dealers earlier this week the offered about 60% of the value of the weight of the gold. Does anyone know of a company that will pay close to what the gold is actually worth? Thanks in advance.
ReplyDeleteDealers have to pay a discount because they need to mark it up. Open an eBay account. Take some pics. Post it with a minimum bid of 80% of the value. But do your homework. Coins have a value beyond the gold depending upon condition and rarity. What is not known is that most gold and silver coins from the 1800's on are not as rare as the average person thinks they are. Send me an email pic and I can give you a quick eval.
ReplyDeleteAs Heinlein predicted, just bad luck I guess.
ReplyDeleteOff topic but please settle this rip roaring argument my wife and I are having - who was the best surgeon general? I say Koop.
ReplyDeleteOh I forgot. She says it was William Stewart who first stood up to tobacco in the 1960's. This is causing a great problem especially at dinner and a text argument going on three days now.
ReplyDeleteWow. That's some marriage you have there.
ReplyDeleteThanks for the help Rump, I looked up the coins on various coin websites. Obviously I dont deal in precious metals, it just seemed weird that gold could be priced at a certain level and then they offer way less for it. I wasn't sure if they thought I was desperate to sell or not. I was just curious.
ReplyDeleteBack to the original question, For example: why do they say gold is selling for $1,3000 per ounce then offer you way less when you bring it to them. ow come you cant sell it at near full price anywhere?
Based on your post I should hold on to the gold for a few months.
Anyone following the judge Slaton mess in Key West?
ReplyDeleteIt is reported that the chief judge down there had to force him off the bench for being high on drugs.
What is this world coming to?
Old gold. If you go to buy gold from a dealer would you pay more than 1300:oz? No. So the only way the dealer makes money is to buy below 1300 and sell for the spot price. You can get your spot price by eliminating the dealer and selling directly to a buyer over eBay or the like.
ReplyDeleteyou are scaring me rumple….
ReplyDeletei just bought a KEL TEC KSG combat pump shotgun that holds 15 rounds of "00" or my favorite Winchester PDX1 (a huge slug and three "00") just in case ISIS or zombies come to the U.S.A.
it is only a matter of time before we are invaded by aliens (not the little green ones) and we are forced to defend our families and our property.
i bought and am storing all of my survival gear and tons of ammo. build a bunker?
this is scarier than i was when i had my first trial as a new lawyer before Judge Fred Barad and i could not understand a word he said!
only a fool will attempt to time equities... unless he does so for a living .. keep calm old timer.
ReplyDeletei have been on an amazing run with property. the last years in the grove and the beach have seen huge gains. so has east long island. but i am selling some of it now.
i like passive income. making money while you sleep. just ask the polish prince.
RE: Gold sales. If selling, also check your local jewelers. They but gold usually and give a decent price vis a vis coin shops
ReplyDeleteThat could have been almost any judge sitting at the justice building.
ReplyDeleteIf you followed my reccomendation and shorted zynga its time to close out your position as the rest of the world now knows what we saw at the IPO. ITS JUNK.
ReplyDeletebuddy-
ReplyDeletesince you said to flee the market you took a loss of 1 percent - so it is good you were short one position.
you bet the market like many other men- on emotion and on "gut"
i make money at what i do and along the way i clip assets. i do not gamble.
you do
I never said "flee the market " I said get out and specifically advised to sell into strength. I also said there would be an event that would tumble this market between now and October. This market is one bad breakfast for Putin away from a crash. And here is how I know : there are plenty of good stocks. But I cannot find one that is making money and has good financials and a reasonable PE. That's how I know this market is over valued.
ReplyDeleteLast month a minister named Kenneth Johnson was killed during a robbery attempt in Liberty City.
ReplyDeleteYesterday a rabbi was killed during a robbery attempt in NMB.
NMB's response: http://georgevallejo.com/?p=129
Do you recall hearing about MDPD or MPD increasing police presence in Liberty City when Rev. Johnson lost his life?
You didn't because it did not happen. When the power structure in this town devalues the value of the lives of its black citizens, don't be surprised if its black citizens de-value the worth of all life.
The death of Rev. Johnson is no more or less tragic than the death of Rabbi Raskin. But you would not conclude that from the reaction from the news media and Jewish community. Ask ourselves if you even bothered to put down your coffee when you read about Rev. Johnson in the paper last month. WHY NOT? The death of Rabbi Raskin while tragic may ultimately serve to save more lives if it makes the power structure provide ALL communities with the law enforcement needed.
Only a fool thinks he can BOTH know when to get out and when to get back in CONSISTENTLY. Just live below your means and dollar cost average into a diversified portfolio. Over time this is your best bet.
ReplyDeleteEvery now and then the system works. A wise and experienced and successful individual runs for judge not because s/he needs a steady paycheck and a decent retirement.
ReplyDeleteBest Regards,
Sydney Lawyers