Sunday, March 17, 2013

Back From Las Vegas Randomosity

  • I spent the last few days in Las Vegas betting on NCAA games. I lost some cash!
  • I'm still in cash. Since Feb 12th. I'm still thinking correction, but not sure how bad it will be or when it will come. It has felt like I've been swimming against the tide. But the black box gave a sell signal and I've thought the market has been overbought for awhile. The only correction that came was a 3% one and then back up the averages went. Now we're near the secular bear market highs since 2000 and 2007. Seems like a logical spot. If it is going to happen. Maybe it's a new secular bull market and we'll keep going up - that's the other side.
  • The financial news this weekend... Cyprus bank levies on customers! In a radical departure from previous aid packages, euro zone finance ministers want Cyprus savers to forfeit a portion of their deposits in return for a 10 billion euro ($13 billion) bailout for the island, which has been financially crippled by its exposure to neighboring Greece. That's the kind of precident that would make folks not want to have money in the banks, right?
  • It was warm in Las Vegas. Upper 80's and I think 90 degrees one day.
  • The top story for Google Technology headlines? Girl transforms Zelda into Link on the original Legend of Zelda game. That was a fun game - back in the 80s.
  • Las Vegas was crowded but not as much as when I went in November. The Pac 12 conference tournament was being played at the MGM this past week, too.
  • NCAA bracketology... I think Gonzaga deserves a #1 seed. There seems to be a lot of parity in the league this year, and we've seen Miami and Duke lose games they should win. That goes for Indiana, too. Here the Zags lose only 2 and who they had to beat.


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