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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (342735)	9/5/2007 1:52:06 AM
From: stan_hughes	Respond to of 436258

Maybe this is the same technique that got the Dow up Tuesday and we just weren't told about the ceremony down in the NYSE basement -- Airline sacrifices goats to appease sky god Tue Sep 4, 2007 3:41PM EDT KATHMANDU (Reuters) - Officials at Nepal's state-run airline have sacrificed two goats to appease Akash Bhairab, the Hindu sky god, following technical problems with one of its Boeing 757 aircraft, the carrier said Tuesday. Nepal Airlines, which has two Boeing aircraft, has had to suspend some services in recent weeks due the problem. The goats were sacrificed in front of the troublesome aircraft Sunday at Nepal's only international airport in Kathmandu in accordance with Hindu traditions, an official said. "The snag in the plane has now been fixed and the aircraft has resumed its flights," said Raju K.C., a senior airline official, without explaining what the problem had been. Local media last week blamed the company's woes on an electrical fault. The carrier runs international flights to five cities in Asia. It is common in Nepal to sacrifice animals like goats and buffaloes to appease different Hindu deities. © Reuters 2006. All rights reserved. reuters.com

To: Box-By-The-Riviera™ who wrote (342735)	9/5/2007 3:09:01 AM
From: stan_hughes	Respond to of 436258

And just in case you're thinking about getting clown long for anything other than a daytrade, re-read this July piece, it ought to cure you -- fpafunds.com One of my favorite comments to be found inside there: "It would not surprise me to see high-yield credit market yield spreads equal or exceed the peak levels of 2002 again (which was almost 1100 bps over the Treasury yield), given the excesses that appear to be occurring in the financing of private equity acquisitions" For perspective, we saw the junk yield spread get up to 459 bps over Treasuries on August 16, 2007, after it had bottomed out at a low of a mere 241 bps on June 6th -- judging by how the stock market reacted to that move to a 459 bps spread, if things have now been set in motion where we're heading for a run back up to a 1100 bps spread, I don't think stocks are going to be a very good place to be no matter how alluring the lipstick on the pig looks at the moment