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Wednesday Sep 06, 2006

My own cultural revolution

Taipan Group's Dynamic Market Alert

By J. Christoph Amberger

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A Personal Message from J. Christoph Amberger:

I’m about to ask you to do something crazy.  But if you do, I guarantee it’ll be one of the most rewarding decisions you’ll ever make.  In fact, what I’m about to ask of you will actually make you $14,227 richer this year alone!  So if you’re willing to hear me out, listen to all the facts, and want to grow your wealth faster than you could have ever dreamed, then please read on...

 

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My own cultural revolution

by J. Christoph Amberger

The envelope promises to put my derriere into the “best seat in the house.” The letter itself invites me to consider the letter writer my own “personal curator of ideas and cultural experiences, searching all over the world for fascinating programs, or making our own when we don’t find what we need.”

I’m supposed to want to rejoin the organization, the letter goes on, because I “want to be stimulated, to know more about the world, and to experience life a bit more deeply.”

I’m intrigued. Am I being schmoozed by an exotic escort service? Not quite: This they have in store for me: “Enjoying music that’s the best our culture has to offer.” “Seeing a book turned into a great drama.” “Visiting an English manor or a Navajo reservation.”

No escort service, all right, but it sure sounds good. But unfortunately, this invitation is to rejoin Maryland Public Television as a sponsor this year. And for some reason, my ideas about what constitutes culture are quite at odds with what the ladies at MPT have in mind.

-- Let’s start with the music. It’s nice that someone decides to air the 97th season of Lord of the Dance, or the 29th reunion concert of Three Tenors, or even Live-in-Duluth! with Jim Taylor. Someone has to, I guess. These people, too, have to make a living, even though I imagine the Ancient Mariner was better off then them. (After all, he only had to carry a dead bird around the neck while reciting his one-hit wonder.) And maybe the only way to watch these is by digesting the 10-minute chunks offered up in fundraising events.

But there are limits. Does every event have to be hosted by the local MPT queen? She must have been a knockout back in the Eisenhower administration. But now she’s cinched so tight her eyes are like Mack truck headlights... radiating the surprise and cheer spread by a five-year-old imp giving great-grandma a permanent wedgie.

At MPT, weekends are filled with bearded handymen making spice racks that all require more machinery and equipment than a medium-sized woodworking factory in China. Or a guy with a Weber grill making sauces in hand-formed aluminum foil vessels.

As if this isn’t bad enough, Saturday evenings are devoted to British television series and made-for-TV serial drama. The comedies are harrowing. They all feature Dame Judy Dench or another Golden Girl, or a department store staff straight from the early ‘70s starring a youngish Dame Judy Dench. A laugh track reminds us that we’re supposed to bust a gut laughing -- in vain! If you were unlucky enough to have been born prior to 1870, there’s just nothing funny. Anywhere!

Then it’s off to British drama. Each one, in turn, is like watching a 5k barefoot obstacle course of the footsore: painful, overlong, limping, hobbling and screaming with pregnant pauses. And placed in scenery that is either gray and rainy or grayish green and rainy. If by the end you haven’t drilled a hole into your knee and filled it with mustard out of sheer boredom and desperation, you’re in for a special treat:

An incomprehensible episode of Dr. Who.

At the end of the viewing experience, you’re ever so grateful that there’s Married with Children re-runs on another channel.

Faced with public television’s cultural offerings, I launched my own cultural revolution today: I threw the donation form into the recycling bin.
 
-- In case you haven’t read the new issue of Stocks & Commodities magazine yet: Their staff writer, Bruce R. Faber, just reviewed the Taipan Group “bible,” Hot Trading Secrets.

He calls it a “fun read, a practical guide, and a thorough explanation of the Taipan Group’s Hot Trading Secrets,” registering “sweeping satisfaction of the secrets revealed,” as well as attesting to “wit and wisdom.”

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-- U.S. unit labor costs -- a far better gauge of inflationary pressures than energy prices -- rose by 4.9% in the second quarter, up from the previous estimate of a 4.2% increase.

Labor costs for the first quarter were sharply revised higher by 9%, up from a previous estimate of just 2.5% rise and the fastest increase since the third quarter of 2000.

Compared with 2005, labor costs are up 5%, and have risen at the fastest pace since the fourth quarter of 1990.

This, of course, is a direct consequence of low unemployment, which currently is far below 5%. A tight labor market tips the scale in favor of the employed, which can command higher wages and salaries. Productivity declines and labor cost go up.

Which is why Keynesians have been looking at current unemployment rates with a jaundiced eye.

In this context, a decline in the housing and construction industry must appear like a godsend. In theory, as laid-off workers from the home building and real estate industry pour into the market, labor cost should cease growing -- and terminally start dropping again.

It’s not a pleasant experience for those affected, but inevitable in the free market.

 

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Earnings Announcements for Thursday, September 7, 2006:

Aber Diamond Corporation, Ashworth Inc, Carreker Corporation, Cascade Corporation, Fleetwood Enterprises, Flow International, FuelCell Energy Inc, Korn Ferry International, Methode Electronics, National Semiconductor, Quiksilver Inc, Shuffle Master Inc, Soco International PLC, and UTI Worldwide Inc are releasing earnings.

Brought to you by your FREE American Capitalist.

Sign up here.
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Unlock Dates for September 2006

9/11/06 – TransDigm Group Inc is unlocking 10.9 million shares.
9/20/06 – Clayton Holdings Inc is unlocking 7.5 million shares.
9/20/06 – Tim Hortons Inc is unlocking 29 million shares. 
9/27/06 – Himax Technologies is unlocking 52 million shares.

Keep an eye on Tim Hortons Inc. and Himax Technologies for significant sell-offs.  You may want to short shares or buy puts on these two positions.

Brought to you by Extreme Volatility Speculator
http://www.vixtrader.com

Upgrades and Downgrades

AFLAC upgraded by Banc of America from Neutral to Buy.

Devon Energy upgraded by Deutsche Securities from Hold to Buy.

Ford Motor upgraded by Citigroup from Sell to Hold.

Netflix upgraded by JP Morgan from Underweight to Overweight.

Phelps Dodge upgraded by BMO Capital Markets from Market Perform to Outperform.

Tween Brands upgraded by Matrix Research from Sell to Hold.

Business Objects downgraded by UBS from Buy to Neutral.

OmniVision downgraded by Merriman Curhan Ford from Buy to Neutral.

Valero Energy downgraded by Citigroup from Buy to Hold.

Veritas DGC downgraded by Deutsche Securities (from Buy to Hold), Jefferies & Company (from Buy to Hold), and by Capital One (from Buy to Hold).

Brought to you by GRESSOR.com
http://www.gressor.com 

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Quote of the Day

“ Western civilization did not exactly end last night as Katie [Couric] took to the anchor chair. But the changing of the guard did represent another kind of cultural change. As of yesterday, network TV has proven it no longer feels the need to pretend that its nightly news broadcast is sober stuff, populated by earnest men and women with serious reporting backgrounds and working blow-dryers.”

- Andrea Peyser, Sep. 6, 2006

P.S. Just Released to the Public:
A brand-new investment fund has been created in order to allow investors to take advantage of one of the most extraordinary economic events in decades.  A new class of millions of free spending consumers has emerged and they’re quickly driving up the share price of hundreds of companies. 

To learn about three of their favorite emerging companies that could hand you 80% a year for the next 12 years, please read on.

 

 


 


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