Banana Counting Monkey

Saturday, July 20, 2002:

Sorry For The Absence of Posting

For the last week. I work in a brokerage, so with the Dow doing it's freestyle breakdance, I've been a wee bit busy.

How bad is it? Well, I no longer hear from clients "It's Nortel." or "It's IBM" in a quasi-reverent voice expecting the name alone to be a guarantee of value and immunization from bear market declines. Speaking of Nortel, I see that it finally broke the $2 support level on friday. It really is amazing how patterns hold (technical analysis). It tested the $2 support twice before and held. On the third try it broke through.

I'm not suprised by the continuing bloodbath on the exchanges. The more rules the government bolts onto the markets, the less they will perform. Investor confidence is not coming back anytime soon, and the more rules added, the longer it will be in returning.


BCM // 8:57 AM

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I'm Glad This Man Has Found His Voice

Shaykh Muhammad Hisham Kabbani addressed his followers recently in New Jersey, just miles from Ground Zero, and called for action and change amongst Muslim Americans.

"We have a problem in the Muslim community," Kabbani, chairman of the Islamic Supreme Council of America, said. "What they did here is a big burden on their shoulder, and they are not going to run away, and they are going to be brought to justice."


Thank you for speaking up. Thank you for not blaming the September attack on the US or the Mossad. I hope that this is a constent message that the Shaykh delivers both in public and in private in arabic. I would not be impressed by translations popping up on MEMRI calling for Jihad against America.

Do I sound as if I do not trust the Shaykh? After what I have seen from many muslim clerics and rulers over the last ten months, no, I don't. Trust is earned. Earned by good faith and straight dealing. If the Shaykh proves his word can be trusted, I am very happy to hear from him.


BCM // 8:51 AM

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Best British Blog Contest

This contest belongs to Samizdata.net. Lock, stock, barrel, the whole lot. Of course,
the contest is being run by the Guardian, to which the Libertarian Samizdata viewpoint is more repulsive than Fascism, or is completely indistinguishable. (In the same way that the Guardian has problems distinguishing reality.) Merit is quite obviously not going to triumph in this particular contest.

But then, from a socialist viewpoint, such as the Guardian's, it's not supposed to, is it?


BCM // 8:28 AM

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Tuesday, July 16, 2002:

Clarity

"
Terrorists Attack Israeli Bus; At Least Three Dead"

Yes, terrorists, not "militants", not freedom fighters or insurgents.

Still, when I saw the headline on FOX, my first thought was "oh no, here it goes again." I'd gotten pleasantly used to not hearing about attacks in Israel. What has it been? A month?

The usual suspects will take this as their cue to loudly proclaim that the Israeli operations in the West Bank are "counterproductive" and that the peace process should resume with all haste, that the US should drop its objection to Arafat, who is, after all, the only legitimate representative of the palestinian people, blah-blah-BLAH-blah blah frustration blah blah occupation blah blah "violence" blah......


BCM // 6:06 AM

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