Here we go

Facebook Privacy Sucks

I deleted my Facebook account yesterday.

I have a wife of almost twenty years and three wonderful kids. We have family all over North America and friends all over the world. Facebook was a great way to keep in touch.

Now I've accepted the fact that Facebook is the villain and can't be trusted with any personal info of mine.

Bye bye.

I was browsing the internet yesterday and was at a site that I hadn't logged into and wouldn't due to its sketchy nature - the kind that is happy to sell your contact info to advertisers, scammers and spammers. After scrolling down I saw a picture of my kids (my Facebook profile pic) with the message [*****] has logged into this site using his Facebook account.

That was enough for me.

Edit

Nope. Done for good.

Have a nice day.

Hiatus

Back next week.

Difficult

"Sept. 29 (Bloomberg) -- Former Federal Reserve chairman Paul Volcker said the rise of China and other emerging economies has underscored a decline in the comparative economic and intellectual leadership of the U.S.

“I don’t know how we accommodate ourselves to it,” Volcker, an economic adviser to President Barack Obama, said in an interview with PBS’s Charlie Rose taped yesterday in New York. “You cannot be dependent upon these countries for three to four trillion dollars of your debt and think that they’re going to be passive observers of whatever you do.” "

From Bloomberg. This is a very difficult issue and one that I haven't touched on since it is obvious to me that I have no edge here. Give China a big hug if you get a chance.

Heading into NY soon. Later.

Mid Day Update

At 12:30 the averages are up 1.5 - 2.5%. Quite a day for one that was supposed to be quiet.

There is some speculation that this is end of the quarter mark-up time, which is possible. More probable in my opinion is that there are people who still need to get long, and show that they are long at the end of the quarter. The S&P 500 is up over 15% quarter to date. If you are a client of a pro who missed that, you will be pretty unhappy when you get your quarterly letter next month.

My new investing rules for 2009:

1. anything can happen
2. nothing will surprise me
3. I will stay flexible
4. I will not get greedy