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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: richardred who wrote (14146)6/7/2013 4:46:08 PM
From: John Pitera  Respond to of 33421
 
HI RIchard,

We could be brothers..... my parents, brother and I played a lot of Monopoly when I was young and then we added Risk into our repertoire.... My Dad had two co workers in London, ( I think, that were up all night one night during the week playing the board game Afrika Corps) that made an impression on me although that particular game seemed to be above our collective pay grade --- attention span.

I played lots of chess with my brother and friends in grade school... and my Mom was commenting just a few days ago how a number of friends used to congregate in our basement in Mendham and we played lots of poker... " for small money"..... we also had table tennis down their and a speed bag... as well as one of those old 1930's pinball machines......

I had a core group of friends Dave Donohue, Martin Sheen, Frank Opalski, Jerry Doninni....Andy Clemency ... Craig cooper Ray Marsh, Tom Wilks...... and I know several of us would be on the phone each weekend..... making odds on the NFL football games.... we either adjusted the point spread in trying to make a deal.... or I would sometimes mix it up by giving or getting 4 to 1 payout odds if the favored team one by say 20 1/2 points when the official line was favored team by say 5......

Since, several of the friends had some teams they wanted and would overpay to bet on them I loved it when I could get say Baltimore and give 2 points with one person.... while I had it worked out that another friend would let me take the underdog Balt. was playing and give me 5 1/2... and thus I was hedged and had a small window where I could win both bets if Balt won by 3 or 5 points....... I loved that stuff.....

Now when we got into the Odds you really had to get the old mouse spinning in the wheel... but it was all really great practical Math, Statistics and Probability.... and learned in more of a " street smart" fashion....

battleships, stratego...( I think that's the name) break the ice.... lots of fun games...and since we had big backyards that had been a cow pasture two years before... and the entire 20 acres just north had not yet been built there was lots of outdoor sports and games to play........

I have the fondest memories of growing up in my little one stop light town, with not a single fast food restaurant and a population of 4,000..... It's the type of experience I hope to write a book about....

I had a bunch of great girls too, Monica Keenan, Susan Ackerman, Dawn Wollinger, Debbie Steiner, Susan Courtney... with those sleepy doe eyes.... Libby Polititi, Alison Tamberlane.... who's dad was a dentist... Beth Muir.... Robin Hall... who became a true blond haired beauty in 7th grade and wore these incredibly entices really short plaid dresses...... The teachers were even very cool... Mrs. Peirera and her very hot ...very beautiful Miss Sievers... who I had a big time crush on..... she married the science teacher after a few years and became Mrs. Zambor.... Mr. Lambert who was so cool he had one of those big super bowl cross boards right in his class room.... This was at a school they had just built the year of so before I got to Mendham.... it was Mountain view elementary..... with a great view of the local Mountain....

enough nostalgia for now

John



To: richardred who wrote (14146)6/11/2013 1:21:33 AM
From: John Pitera2 Recommendations

Recommended By
ajtj99
richardred

  Read Replies (1) | Respond to of 33421
 
Red River Richard...... I have too much time on my hands.... since I gave up drinking and I have been losing weight and obviously have too much time on my hand..... the Jack of Hearts over on the Canadian Crude thread wanted a spread chart of WCS vs WTIC.... which I provided.... but then he got me going about Houston and Texas......

and here is how that went....

--------------------------------------------------------------------------

To: The Jack of Hearts who wrote (21549)6/11/2013 1:16:33 AM
From: John Pitera of 21554
... having issues with SI Beta... pretty sure that Bloomberg is the source chart for that..... You need to ask these Energy Questions to Houstonians.... after all this is the energy service sector capital of the world.... and that is energy in all forms.... solar, bio, wind....... Tesla.... wireless energy...... We've got information management for everything down here.... that why we have had so many Texan's up in DC... since the 40's.....

Houston was actually founded by the Allen Brothers of New York in 1836 and Houston and New York have had a very tight connect since day one.. And the Stillman's of First National City Bank Fame had ancestors up on the east coast but also down in Brownsville Texas in the Rio Grande Valley.....

3 of Stillman's sons married three of John and William Rockefeller's daughters.. .or visa versa.... Stillman's bank... just celebrated it's 200th anniversary last year.... it is better known as Citi..... and they did iignominiously have a 10 for 1 reverse stock split due to 2008...... nothing to brag about..... they had the worlds biggest cash cow FX Global operation back when Henry Volquardsen, John Rice, Adam Greene, Stephen Hains, Martin Tau.... David Bickford, Tony Jaladoni and many others worked there back in the 1980;s

--------------------
An
Samuel Taliaferro "Sam" Rayburn (January 6, 1882 – November 16, 1961) was a Democratic lawmaker from Bonham, Texas, who served as the Speaker of the U.S. House of Representatives for 17 years, the longest tenure in U.S. history.

One of the most influential Speakers in history was Democrat Sam Rayburn. [10] Rayburn was the longest-serving Speaker in history, holding office from 1940 to 1947, 1949 to 1953, and 1955 to 1961. He helped shape many bills, working quietly in the background with House committees. He also helped ensure the passage of several domestic measures and foreign assistance programs advocated by Presidents Franklin D. Roosevelt and Harry Truman.

then in 1960 JFK put LBJ on the ticket... and made a really lousy calculation of "icing" LBJ out of all of the Government's policy initiatives..... I personally am a huge fan of JFK........ but that was a lack of judgment...

Then in 68.... we put Nixon and Agnew.....into office... what an incredible pouch screw ... that turned out to be, although Nixon was smart enough to have G H W Bush run the CIA and also made him the first ambassador to China after Kissinger and Nixon opened relations... to triangulate the USSR.

Agnew..... left in disgrace... as did Nixon and Gerald Ford... actually got Uncle Rocky "Nelson Rockefeller" David Rockefeller's brother with Political ambitions into the Vice Presidency..... The Rockefeller of Standard Oil, Banking, Insurance, Real Estate, Mining, Shipping, Railroads.... and Financing in General.... involved with the Government.... Then we had the lost years of the Carter Administration.... Not to much to write home about the Georgia Crew he brought in..... I guess his brother Bill made beer....

Then Reagan, who gave a hell of a speech at the Goldwater convention in 1964...... it's a heck of a speech and is on YOUTUBE in it's entirety...... Reagan was a Real Genius where he was a business man... who felt the squeeze of the studio system... and then became a manager and politician as the head of the screen actors guild..... so saw Big business from both management and Labor's perspective and then of course he went on to be Governor of California and gained some reasonably good experience managing government of one of the worlds biggest economies.... and as present day California's can tell you life was not bad out in Cali back in the 50's and 60's.... heck Johnny Carson even packed up from NY and went out to California in 1972...

Reagan came close to being the candidate in 1976 and there was even a trial balloon of some kind of co presidency...... but the economic cycles were so bad that who ever was going to be in office for those years was screwed... so it may as well be the nuclear physicist.

Now comes 1980 and Reagan, was strong and Bush also ran and Reagan was smart enough to put
Bush on the ticket... the real hidden Gem in that deal was James Addison Baker III.... the smartest mind of the 20th century in terms of those involved in the intersection of politics, business, banking, Law, Public Relations , Global GeoPolitical Relations.... a serious student of History..... and also well versed in the Global Energy Industry.... The Bakers... founded helped build out RICE University, the Law Firm of Baker and Botts, Texas Commerce Bank...... Texas's biggest bank that was rolled up into Chemical Bank.... the Very same Chemical Bank that bought up Manufacturers Hanover, and then Chase Manhattan... which was itself a roll up of several banks... when Chemical bought Chase.. they wisely kept the Chase Name and went on to roll up JP Morgan into the Bank that I presently do my personal and business banking with....

so back to James Addison Baker.... He and George Herbert Walker Bush were best friends in Houston going all the way back to the late 1930's or 40's when they played tennis , cards and maybe a round of golf at the River Oaks country Club..... When Baker's first wife died of Cancer at a young age in the mid 1960;s

---------------------------------------- One of the most influential Speakers in history was Democrat Sam Rayburn. [10] Rayburn was the longest-serving Speaker in history, holding office from 1940 to 1947, 1949 to 1953, and 1955 to 1961. He helped shape many bills, working quietly in the background with House committees. He also helped ensure the passage of several domestic measures and foreign assistance programs advocated by Presidents Franklin D. Roosevelt and Harry Truman.

then in 1960 JFK put LBJ on the ticket... and made a really lousy calculation of "icing" LBJ out of all of the Government's policy initiatives..... I personally am a huge fan of JFK........ but that was a lack of judgment...

Then in 68.... we put Nixon and Agnew.....into office... what an incredible pouch screw ... that turned out to be, although Nixon was smart enough to have G H W Bush run the CIA and also made him the first ambassador to China after Kissenger and Nixon opened relations... to triangulate the USSR.

Agnew..... left in disgrace... as did Nixon and Gerald Ford... actually got Uncle Rocky "Nelson Rockefeller" David Rockefeller's brother with Political ambitions into the Vice Presidency..... The Rockefeller of Standard Oil, Banking, Insurance, Real Estate, Mining, Shipping, Railroads.... and Financing in General.... involved with the Government.... Then we had the lost years of the Carter Administration.... Not to much to write home about the Georgia Crew he brought in..... I guess his brother Bill made beer....

Then Reagan, who gave a hell of a speech at the Goldwater convention in 1964...... it's a heck of a speech and is on YOUTUBE in it's entirety...... Reagan was a Real Genius where he was a business man... who felt the squeeze of the studio system... and then became a manager and politician as the head of the screen actors guild..... so saw Big business from both management and Labor's perspective and then of course he went on to be Governor of California and gained some reasonably good experience managing government of one of the worlds biggest economies.... and as present day California's can tell you life was not bad out in Cali back in the 50's and 60's.... heck Johnny Carson even packed up from NY and went out to California in 1972...

Reagan came close to being the candidate in 1976 and there was even a trial balloon of some kind of co presidency...... but the economic cycles were so bad that who ever was going to be in office for those years was screwed... so it may as well be the nuclear physicist.

Now comes 1980 and Reagan, was strong and Bush also ran and Reagan was smart enough to put
Bush on the ticket... the real hidden Gem in that deal was James Addison Baker III.... the smartest mind of the 20th century in terms of those involved in the intersection of politics, business, banking, Law, Public Relations , Global GeoPolitical Relations.... a serious student of History..... and also well versed in the Global Energy Industry.... The Bakers... founded helped build out RICE University, the Law Firm of Baker and Botts, Texas Commerce Bank...... Texas's biggest bank that was rolled up into Chemical Bank.... the Very same Chemical Bank that bought up Manufacturers Hanover, and then Chase Manhattan... which was itself a roll up of several banks... when Chemical bought Chase.. they wisely kept the Chase Name and went on to roll up JP Morgan into the Bank that I presently do my personal and business banking with....

so back to James Addison Baker.... He and George Herbert Walker Bush were best friends in Houston going all the way back to the late 1930's or 40's when they played tennis , cards and maybe a round of golf at the River Oaks country Club..... When Baker's first wife died of Cancer at a young age in the mid 1960;s

He went into a mild depression as he dearly loved his wife….. His dear friend George wanted to get him out of his funk and to get his mind off the death of his beloved wife….So Bush decided he would run for Office and James Baker would manage the campaign… and much as Humphrey Bogart says at the end of Casablanca……. I sense the beginning of a beautiful relationship….

SO as to not make this a novel and leave room for a few reasons to buy the book…. Instead of reading it all online for free…. –vbg-…. We get to 1980 and Reagan Bush win in a massive Transformative Election as President Barrack Huessin Obama describes it…. Reagan brought in a really professional crew… MER’’s Regen at treasury, Casey at the CIA…. An Excellent secretary of state…. And was smart enough to make James A. Baker his Chief of Staff…. Which is arguably the single most important Job there is beyond being the President… as you are the conductor that makes the trains run on time…. Provide access and info to the President and create the timetable and arrange everything that needs to be arranged… and obviously he was very tight with Bush 41 who has had the most accomplished curriculum vita of anyone who has ever been President…… Baker went on to be promoted to Secretary of the Treasury and we all know how important that job is……. And when Bush became president in 1988….. Baker went on to become Secretary of State.. and we witnessed the collapse of the Berlin Wall in 1989 and the disintegration of the Soviet Union…. Bush would have been handly reelected in 1992….. except and no one really pays any attention to history, but fellow Texas….. and anti establishment Billionaire H Ross Perot ran a third party candidacy and siphoned off 19% of the vote…. Largely from George Herbert Walker Bush….. Clinton became president… winning only 43% of the vote.

Now Perot is a whole long story in himself…. A man from the Texarkana part of Texas… which is where the Men from Hope Hail from…… Perot was a marine…. Went to work for IBM … sold his entire years quota in the first two weeks of January and got pissed at IBM when they would not let him sell more… So he went off to form Electronic Data Systems and became wealthier than Gates or Buffett in Inflatiion Adjusted terms when LBJ created his great society… his guns and butter…. Approach to creating Medicaid, Multiple other government assistance programs…. And the Millions upon Millions of Dollars and Payments were contracted out to Perot’s EDS making him Uber wealthy and was the point of departure in the market classic book the Go-Go Years… which I happen to have by my bedside reading shelve….

So Clinton gets in… we have the roaring secular Bull Market and Bill Clinton is one of the smartest politicians and is arguably the world’s best public speaker…… I know when I watched him address the Australian Parliament Live on C-Span… he made me tremendously proud to be an American….. I would actually love to meet him and his wife….. Just as he was so fortunate to meet JFK when Bill was 14 and already a leader….

As a side Note W J Clintonl was actually born William Jefferson Blythe…. And his dad was killed in an auto accident before Bill was born…. He did not have a great repoire with his step dad and only took his name at around the again of 13 or 14 when he realized that someone named Billy Bythe….. was going to have poets making poems “

“ Billy Blythe, Billy Blythe…. Blithely going through life”……. So that was a Good calculation…. As was his FulBright Scholarship…. He is a great man… He and JFK had a lot iin common…

So in keeping with the Texas theme…. We get to 2000….. and Bush 43 would never have even run for governor…. If it were not for Governor Ann Richards…. If you are made at 43 and or Chaney… you can go and piss on her grave….. She had this big ol’ turkey gobbler of a neck and became Governor of Texas back in 1988 or 1992….. when her Republican opponent took way too many shots of Bourbon wth mescal chasers and made some insane comment that sometimes “ women should just sit back and enjoy it”…. Just a total lack of class…. A total idiot…at least on that day……

Ann Richards in 1992 loved to get on camera and spoke at the democratic convention and like a parrot in her best Good old Texas Girl accent proclaimed too many times… “ Put a fork in him (43) he’s done…..”

No one speaks of her in Texas and I can not think of her name coming up in any conversation in years…… So George W. Bush ran for Governor simply to put the old Texas Gobbler Richards out to pasture and obscurity… and that the fact that Dick Chaney had been in Presidential administrations going back to Ford….. and was Secretary of Defense in the Late 1980’s and of course he ended up in Houston.. with Halliburton rolled up the World Famous Brown and Root Infrastructure company that was one of the best of breed back in the days…. These days, it’s KBR….. which is Kellogg Brown and Root… so we are still back talking about Texas…. Houston and of course Dallas fits into all of this too. Texas is a big state….

So when the 2000 election comes down to pregnant chads in Florida……and everyone is all in the Final Hand of Texas No Hold em…..what happens….. James Addison Baker III is dispatched to Florida takes control of the situation and makes the more articulate and persuasive case that George W. Bush is the President….. the Supreme Court acceded to the wisdom of his Logic….. The Trade Center bombings and Radical Islam has become a Global and pervasive force …. A Future ……… Round of Texas No Hold em and Let me tell you that the Germans, Dutch, the Swedes, the British, the French, the Swiss, the Italians, the Polishs, the USA and Russia…… (Moscow was and is considered part of Europe in the 1800’s)…… well that is a pretty darn powerful coalition..

I was commenting a year ago that the Rumor was that Google got seed money from the NSA…. And now it seems like a big deal….. Bill Gates Dad was a Big League Seattle Corporate attorney with widespread ties… how do you think MSFT the rights to develop the DOS operating system for the IBM PC standard….

Now I was shooting from the Hilltops about the coming blow up in Credit Default Swaps going all the way back to August 2005…so everyone had plenty of warning and as a matter of fact New York Life totally recalibrated their portfolio and holdings and did not miss a beat when the Great Financial Crisis came down the pipe in 2008.

Since 2009, we have had the Chicago Crowd running the show…. And President Obama…much to his credit has actually gotten the message about 2 months ago and if he can survive all of these “uprisings”…..

His biggest problem is that the Chief Justice in his infinite wisdom deemed the Affortable Health Care act a Tax and thus the IRS…. Your friend and mine…. Is in charge of helping to administer it…..

Obama is going to need some additional consulting and he is starting to listen…. But he should took his sweet time in deciding to actually talk to the other branches of Government.

I think that will do it for now…….now this is a rough draft that I am putting out…… It needs editing and maybe some info needs to be expunged…. Or blacked out….. but a quote that will live on arguably as long as any you can think of …… outside of the Talmud, The Bible the Quran …. The Buddist scriptures….well the quote is

“Houston, the Eagle has Landed” as Man set foot on the moon and the follow up quote…. “Houston we have a problem”…. But luckily we know how to solve problems in Houston and in Texas….. So it’s all good ……

John Jacob Pitera……

This is a rough and crude rough draft that I may develop into a larger more cohesive book, especially if I get a co author... because I simply don't know if I will have the time or the burning passion to write all this by myself...

Also, I was watching the most excellent 2 hour documentary on Dr. Hunter S Thompson... GONZO: The Life and Work of Dr. Hunter S. Thompson" which is a fantastic movie....he bent the rules..... I have read just about all of his books multiple times... and his book on the 1972 campaign... where he actually travelled with McGovern's press coverage was groundbreaking..... there are video quotes from Pat Buchanan, Gary Hart, Muskie, McGovern and the entire panoply of characters who made up the media and politics back in the second half of the 60 and the 70's....... Thompson's review of Jimmy Carter's speech to the Governors association in 1974 is said to be how he became the candidate for 76 he got Thompson's endorsement....