Just me and the boys

The bus this morning was full of a bunch of cute guys. A few I have seen naked in the gym and I have to say they look just as cute fully clothed.

So it is fait au compli for GM. The stock broke the buck. I had to chuckle because about two weeks ago they announced they were going to do a 100 for 1 reverse split. One of the ops guys was agog about that. His reasoning was GM was essentially a $100 stock. I pointed out if they file the current stock becomes a zero and a 100 for 1 reverse split will still make it zero. He looked at me like I had two heads- well make that three since I do have two heads. I have to believe a lot of retail investors and the general public thought like him. Which means a lot of people will have a really pretty piece of paper come Monday. I did not bust his balls because there are certain people I just do not mess with: Anyone who is handling my food; any police officer questioning me and my trade ops people.

It will be interesting to see how GM plays out in court. Chrysler was a dry run yes but GM is waaaay more complicated. The GM bondholders are going to fight even if the press spins they accepted the "sweetened" deal. If only 35% are for it (and that is probably double counting) that means 65% are against it. I have come to not care much for Ron Gettlefinger or the UAW. They think they are saving the company when in reality a good portion of GM's problems can be laid at the UAW's feet. They are flexible now because rthey realize they are screwed. It was real flexible and magnanimous of them to give up free Viagra and Cialis for their retirees.

Some poor MBS guy probably lost his job this week. The action in the Treasury market (which is what the MBS market takes it's cues from) was a tad volatile. I know and admit bond guys are smarter but I am glad after this week I am just a dumb equity guy.

The week of Memorial Day is a good indicator usually of what the summer holds for the markets and I would venture this summer is going to be slow, low volume, really volatile and boring.

I was bitching about how even the media is on board with the cheerleading. One reporter made the comment that GDP was down slightly and consumer confidence much better than expected. I beg to differ on that assessment. I guess I should not be surprised that even the serious financial news channel is cheering too.

I gave the husband the Daily Hunk desk calendar for Christmas. He does not have it at work but on our dresser- or bureau as he calls it. Yesterday's hot guy looked just like the Waiter from our gym. The husband thinks it is him but I am not so sure. I have also found the husband saving his favorite days from the calendar, lol.

I have the boys this weekend, the husband took the kids out to the beach with him. He invited Ragnar and Umberto out there. It was weird to walk into the home with no one here. The boys mentioned it too- no dogs is just weird. So the boys and I are going to see Terminator Salvation tomorrow night. during the day we'll play some tennis, go to Barnes & Noble to get some new books and veg out. I am going to take them to Joseph A. Banks though. I have to say, anecdotally only, I think Jos. A. Banks is in trouble. Every ad I see for them is a half off or buy one get five free. They make a good suit for work- not that I wear suits to work- and I could use a few extra ones. If I recall my corporate history correctly Jos. A. Banks was Baltimore's answer/challenge to Brooks Brothers.

Sunday we are going to brunch again but this time we're going to try a different one as I cannot deal with- no matter how hot- the waiter who is dumber than a bag of hair at the place we have been going to. Then we are going to see Up- at my oldest son's suggestion no less. I think Sunday night the husband and I are going to see Drag Me To Hell. Seriously, once I saw Sam Raimi returned to his horror roots I was totally in for it. I loved the Evil Dead trilogy and the movie has gotten some pretty good reviews.