The other day was a perfect sign of the doldrums we’re in at the moment.
No. it wasn’t the boring day in the stock market that I discussed yesterday. And sure, today was more of the same.
Regardless of how boring these first two days of the week have been, no one that I know is about to complain about the extra 200 points that have been tacked on to the Dow in the absence of any tangible news. Since I don’t consort with short sellers for the most part, everyone I know has been happy with the relative calmness of the past two days and happily accepted the added bonus of gains.
Actually, as I look at my Google+ circle I guess I really don’t consort with anyone, unless geometry now allows you to define a circle on the basis of a single point.`
In what seems a lifetime, I haven’t heard anyone mention the word “volatility” or use the phrase “risk on/risk off.” For that matter, “catch a falling knife” and “rip your face off rally” have also taken much needed breaks. Although that, too, may be related to my lack of circle size.
But I do watch lots of TV and those sounds have been silent.
What could have been a day of great excitement on Tuesday turned into just another great yawner as Italy failed to live up to diminished expectations.
Conrad Murray guilty of involuntary manslaughter of Michael Jackson?
Silvio Berlusconi, Prime Minister of Italy, set to resign once economic reforms are passed?
But the real sign of the boredom that’s set in centered on the latest Republican dynamics in their contest for the 2012 GOP Presidential nominee.
Had you not known better, you would have thought that the debate a few nights ago from Las Vegas was part of the process of coming down to the wire with the last remaining and surviving candidates.
Bloodied from the previous grueling debates all that were left from the once huge pool of Presidential wannabes were Newt Gingrich and Herman Cain.
Clearly at this point it would have to be a battle of gladiators to fight until the death, if only two of the standing candidates are there to debate.
Much like ancient Greek gladiators who knew no fear and retired only upon the time of their battlefield death.
Instead it was the meeting of the two sausage kings, Newt Gingrich, sausage by stature and shape and Herman Cain, sausage provocateur du jour.
Obviously, they had nothing better to do, while the likes of Ron Paul, Michelle Bachmann and the rest all had reasons for not getting involved with what promised to be a verbal blood bath.
Given that previous debates have seen the moderators criticized for asking questions that sought to elicit differences among the candidates, you would have expected more of those kind of fireworks, but not between the candidates.
Instead, the Republicans, led by Newt Gingrich in a combination Kumbaya/Rodney King moment urged his fellow combatants to resist the goading of the moderators who were clearly allied with the Democrat enemy in attempting to get the Republicans to bicker in public.
In the world of politics it’s not surprising to find words nuanced, but most people seem to have the same understanding of the meaning of “debate”.
In the past, the meaning of that word hasn’t been open to debate.
What is this thing you call “debate?” is a question that’s rarely asked, except at GOP debates.
Instead, this most recent debate was just a lovefest, so well suited for the likes of Bill Clinton’s biggest detractor on the morals front, Newt Gingrich, who had proven himself to be quite the player and illicit lover.
Not that there’s anything wrong with that.
Not on the same plane as Democrat John Edwards, but still, pretty scummy and hypocritical. Even for a politician.
Not to be left out, Herman Cain, deacon of his church, is battling allegations daily of seeking to insert unwanted sausage into each and every order.
Papa John’s doesn’t have to be the only one playing the Sausage Fest game.
And why not? As Godfather’s Pizza CEO, he knew the great value of extra toppings and great customer service.
Back in those lonely Washington DC days, lobbying for the NRA, not to be confused with the other NRA, which was once led by an actor who knew how to quiet the desert dwelling and commandment craving crowd with his own staff, Cain was just a good servant.
Even if you have something better to do, you can’t just leave your sausage unattended for any length of time. Otherwise, it will go bad from disuse.
Cain knew that all too well and was proud of that sausage. Listening to his comments this afternoon, how could you not possibly believe that his attentions to an increasing number of women were anything other than pushing his fine product.
On a real positive note and demonstrating the entrepreneurial spirit that is still alive, Godfather’s Pizza announced their new limited time special offer. The Herman Cain. An extra large pizza with unwanted sausage.
With nothing much better to do this day, I at least got a couple of “yawner” kind of trades off. The kind that will barely be enough to cover Wednesday’s trip to New York City. I sold some calls on Goldman Sachs, Halliburton, British Petroleum and Amazon.
Although not on the agenda, if the boredom continues, I may just stop off to see the Occupy Wall Street phenomenon and maybe snap a picture or two.
Unfortunately, I’ll be competing against Wednesday’s GOP debate.
While they’ll be lining up for another debate, this one sponsored by CNBC and taking place in Michigan, I’ll be appearing on Bloomberg Rewind, hosted by Matt Miller, who is bravely growing out his mustache on air, in honor of “Movember” in order to help raise awareness of prostate cancer.
I’m hoping that I’ll be asked my opinions on debates and the candidates, but I don’t think that’s in the cards, although I did warn the producer that I suffer from a variant of Tourette’s Syndrome and may occasionally blurt out details of my tax plan.
Although I’ll miss the CNBC sponsored debate, because I do have something better to do for a change, that excuse won’t last very long.
The next debate is being sponsored by the Cartoon Network and any number of GOP candidates seem to have an inside track to be the crowd favorite on that one. You can never go wrong with Paul or Bachmann in that regard, but watch out for that Gingrich. He cuts a pretty cartoonish figure, reminiscent of Humpty Dumpty.
Hopefully, by then volatility will be back and Italy will entertain us in the manner that we had come to expect.
I’m tired of yawning these past two days and am pinning all hopes on the dysfunction that everyone has been expecting to come out of Italian politics to lead us back into the promised land of uncertainty.
But in a nod to the contrarians, so far, Berlusconi is letting us down by avoiding the theatrics that we’d come to expect.
It’s not as if he has anything better to do, after all. Why can’t he upstage Papandreou and make Merkel and Sarkozy do slow boils as they try to save the European Union despite their “challenged” Meditteranean brethren.?
Besides, what’s a 75 year old billionaire going to do? Go out with a couple of underage hookers?
Exactly. So he does have something better to do.