glad to get a chance to chat with you

A day away from Cleveland Clinic is a good day, although I drive there Thursday and will return over the weekend.  Another MRI this morning, so I’m still a little stoned.

Portfolio holding up nicely.  As far as I can tell, it made money yesterday and today, down about $100 for May, way, way, better than the Indexes.  I still feel if “talk” of austerity looks plausible here (Balancing the budget, reducing the deficit) get into defensive stocks (big div) or out all together.  The world can cope with Europe if Europe doesn’t self destruct.  Seems Europeans have had enough of Germany’s capturing their finances and will insist on some growth measures(bonds, govt spend money etc) along with re-structuring.  Here, it is much easier, do not allow locals to rape and pillage schools and minimal services for the poor, old, and infirmed. If Congress cuts funds to states and locals so there are fewer police, fire fighters, and teachers, then we will live in another 1937-like depression.  Slowing spending but not cutting jobs should be the cry.  DC seems too stupid and they will bicker and good people will not work and the debt will grow.  cuts=debt growth  spend=debt decrease.  Yep, Fed is not your family budget or wallet.  Dumb, bum analogy.  Krugman summed it up best this past weekend,  We are like a farm, in the off season when no $ are coming in, we work hard to mend fences, paint barns and prepare the land, so we are ready when the time comes to plant and harvest.  We must do the same with our educational systems, housing, and infrastructure.

I will post our current portfolio, as of today.

Account Value $3,713.65+47+=$4199
Money $94.71
Securities $3,618.94+473=

Holdings

Symbol Price* Qty Value
ABT

Abbott Laboratories

Abbott Laboratories

61.99
0.18 (0.29%)
4 $247.96
AIG

American International Group

American International Group

29.33
-0.11 (-0.37%)
5 $146.65
BA

Boeing Co

Boeing Co

71.48
-0.30 (-0.42%)
5 $357.40
BRCM

Broadcom Corp

Broadcom Corp

32.05
-0.23 (-0.71%)
5 $160.25
COST

Costco Wholesale Corp-New

Costco Wholesale Corp-New

83.38
-0.35 (-0.42%)
5 $416.90
DD

E I Du Pont De Nemours & Co

E I Du Pont De Nemours & Co

48.58
-0.29 (-0.59%)
5 $242.90
EBAY

Ebay Inc

Ebay Inc

39.22
-0.29 (-0.73%)
5 $196.10
EMC

Emc Corp-Mass

Emc Corp-Mass

25.59
-0.16 (-0.62%)
5 $127.95
ETN

Eaton Corp

Eaton Corp

42.67
0.58 (1.38%)
5 $213.35
ETP

Energy Transfer Partners L P

Energy Transfer Partners L P

45.52
0.06 (0.13%)
8 $364.16
FIO

Fusion-Io Inc

Fusion-Io Inc

19.84
-0.34 (-1.68%)
3 $59.52
KFT

Kraft Foods Inc

Kraft Foods Inc

38.81
0.22 (0.57%)
5 $194.05
LRCX

Lam Research Corp

Lam Research Corp

38.22
0.07 (0.18%)
5 $191.10
STI

Suntrust Banks Inc

Suntrust Banks Inc

22.53
0.22 (0.99%)
5 $112.65
CHRS Call

Chrs Jul 21 2012 7.50 Call

CHRS Jul 21 2012 7.50 Call

0.05
0.00 (0%)
2 $10.00
GE Call

Ge Jul 21 2012 19.00 Call

GE Jul 21 2012 19.00 Call

0.79
0.03 (3.95%)
2 $158.00
MRO Call

Mro Oct 20 2012 34.00 Call

MRO Oct 20 2012 34.00 Call

0.10
-0.05 (-33.33%)
3 $30.00
OCN Call

Ocn Oct 20 2012 15.00 Call

OCN Oct 20 2012 15.00 Call

1.30
0.10 (8.33%)
3 $390.00

ESV    OWN 10 AT TODAY’S CLOSING PRICE OF $47.83

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