Bernake & Bush = Wonder Twins?

I saw one of the major papers the other day having a headline likening Bush and Bernake and their sub-prime bailout plans to the Wonder Twins. I sure hope they're not like that, because if I remember correctly, the Wonder Twins always got their butts kicked before the real superheros had to come in and clean up.

At any rate, possibly a lower one by this time next month, the Fed will definately be on the hot seat if they drop things to little or too far. The market has already priced in a cut to 4.5 to 5%. If the cut comes in at a quarter point, the market will frown at that not being enough and tank. If he cuts a half point, yet the banks don't start freeing up some money for folks, then the market will still tank. If he goes and cuts a full point, then things will probably tank anyway because if the Fed thinks things are that bad, then they probably are. Kind of like a catch-22.

It's been a couple of weeks since I posted here. Hey, it's Vacation Season. I sold off the EPM I had picked up at $2.25 for $2.40, just before it started dropping again. I picked up some BLRV at $.32 the same day. Today I watched gold break out on the top side, closing above $682 in New York and BLRV is at $.35. I'm going to hold on and even pick up some more if the chance comes around (read: if I sell something else and need to park the cash).

I see the hurricane season is starting to pick up in the Carib'. Looking back at a stock that IPO'd a couple of months ago, Superior Offshore (DEEP) made me a couple bucks in the week or so after the IPO. Since then it's fallen to nearly half it's value, bottoming last week at $10.10. I saw it had a MACD crossover heading up and also came up from it's RSI of 20. I bought some today just above $11.

Looking at possibilities, I have my eye on Netflix (NFLX), and Playboy (PLA). Netflix is getting into downloadable movies. The coming prevalance of DSL, FTTH, and really cheap storage (terabyte storage for a few hundred dollars), means that we'll be downloading everything from first run movies (probably directly from the studio's website) to live news. Netflix is positioning themselves early in this direction. I also have an eye on Playboy. Today my wife gets this catalog in the mail from this place called The Bunny Shop. Yep, you guessed it. Playboy Mansion tenants modeling revealing sweaters, lingere, and such. Why it they took this long to think about this, I don't know. I do know my wife would look great in some of the fashions (yeah, she's a hottie...), and they're not cheap. They might get a good bounce in the bottom line next reporting season.