Parisian Family Office, CEO. Began Wall Street, 1982. Founded investment firm, CHIPPEWA PARTNERS, Native American Advisors. Active Trader. White Earth Chippewa Tribal member. Was NYSE/FINRA arb. Conservative, raised on Great Plains reservations. Pureblood, clot-shot free. In a world elevated on a dopamine binge, this is his take! Written from MT Ghost Ranch on the Yellowstone River, TN farm Pamelot or San Jose del Cabo, Mexico, CASA TULE'. Always been, will always be, an optimist.
Thursday, September 29, 2005
2. Stocks have had 5 up days in a row, since Sept. 21, covering in total less than 1/2 a %. This has to be the smallest such positive run of 5 in history. It gives one the feeling that one had when he had the pleasure of escorting a most elegant and attractive other to five refined and noble cultural events, without being invited in for a night cap after the festivities. But such must be tested as to its impact on the market, not on romance, and similarities for expected moves after long runs of consecutive paint drying on a Arizona wall are surprisingly unrewarding to the chronics.
3. The concept of diminishing marginal utility in economics explains the bulk of the conundrum that affected the subject for so many years, including why diamonds sell for so much more than water. It also explains why risky stocks sell for less than stable ones. The marginal utility of buying a product is affected always by the availability of substitutes. Bonds are the main substitute for stocks, and their relative lack of attractiveness increases the marginal utility and derived demand that the public has for stocks. Such changes in the attractiveness of substitutes and their affects must be tested in a predictive fashion so as not to descend into the labyrinth of promiscuity that surrounds all of behavioral finance.
4. Convection currents explain most of the weather patterns we observe in our day to day forays with the wind and water. The essence of the phenomenon is how a source of energy like the sun causes the replacement and lifting of hot liquids by the more buoyant cold liquids that fall to the bottom. The movement of hot stocks to the top of the best performer list in a period, only to be replaced by the laggards in the ensemble of companies in the presence of constantly increasing income, wealth and changes in tastes has always reminded me of the changing winds and temperature from day to night in the Brighton Beach, upon the Atlantic Ocean that I grew up in. Such regularities mite well be applied to market phenomena ranging from sector rotation, to the changing composition of the most active, best performers, and new highs and lows in a year. One predicts it won't be long before the esteemable Mr. Soji reveals to us how similar phenemona explain the prowess of the surfing champions and can be used to day trade stocks with great aplomb.
The European stocks continue to outperform their US counterparts by a wide margin with the normal indexes there such as Eurotop 300 up by 18% year to date against a measly 0.5% for the US. Part of the differential is explained by the universal law of one return for all assets that the master investor, perhaps best typified by Prince Alweed of Saudi Arabia ( the subject of a hagiographic interview previously reserved only for the sage of Nebraska, and their biggest advertisers, in Fortune's pages), who sits on a portfolio that must directly or indirectly thru his intimates approach the trillion mark. And part of the differential must be explained by the Vic 1997 affect, ( "Thanks for asking. Things are much better than they were in 1997 but then again they couldn't have fallen any lower than the nadir") Yes, things were so bad there that they couldn't have got any worse, as exemplified by the great desire of the Sage and other old lions to hold European assets rather than US assets since the European trade balances were so much more green than ours. But ultimately one would predict a greater harmony and equalization of the returns of Europe versus the US, possibly caused by the equal conduction of return theorem
Tuesday, September 27, 2005
Monday, September 26, 2005
Friday, September 23, 2005
Thursday, September 22, 2005
Wednesday, September 21, 2005
Monday, September 19, 2005
Thursday, September 15, 2005
Wednesday, September 14, 2005
LUV SOUTHWEST AIRLINE 10,848,590,000
AMR AMR CORP 2,047,903,000
JBLU JETBLUE AIRWAYS C 1,995,651,000
SKYW SKYWEST INC 1,412,564,000
CAL CONTINENTAL AIRLI 833,334,800
AAI AIRTRAN HOLDINGS 916,682,200
ALK ALASKA AIR GROUP 870,329,100
XJT EXPRESSJET HOLDIN 513,181,790
NWAC NORTHWEST AIRLINE 289,069,100
FRNT FRONTIER AIRLINES 375,468,900
AWA AMERICA WEST HOLD 259,179,890
DAL DELTA AIR LINES I 142,331,100
WLDA WORLD AIR HOLDING 234,292,100
MESA MESA AIR GROUP IN 248,421,300
HA HAWAIIAN HOLDINGS 157,062,900
MAIR MAIR HOLDINGS INC 186,403,500
UALAQ UAL CORP 41,839,550
MEH MIDWEST AIR GROUP 41,056,430
UAIRQ US AIRWAYS GROUP 32,904,700
FLYI FLYI INC 15,222,490
ATAHQ ATA HOLDINGS CORP 6,503,350
GLUX GREAT LAKES AVIAT 9,850,370
VIVI VIVA INTERNATIONA 6,932,660
BLTA BALTIA AIR LINES 5,137,600
ACHT AIRCHARTER EXPRES 2,000,000
EFLT ELITE FLIGHT SOLU 151,610
LAIR L AIR HOLDING INC 66,910
MDWYQ MIDWAY AIRLINES C 1,510
Monday, September 12, 2005
Saturday, September 10, 2005
Pine Ridge has one of the highest alcoholism rates in the nation despite being a dry county. Each year, the stores in Whiteclay sell millions of cans of beer to residents of Pine Ridge.
Under the agreement, tribal officers will be deputized to enforce Nebraska state laws, including open container, selling to intoxicated people, bootlegging, selling alcohol on credit, selling to minors, public intoxication, assault and theft.