March 5, 2013 Leave a Comment
September 25, 2012 2 Comments
Here is today’s Wake-Up Call. Take a look. If you’d like to receive your own FREE subscription, simply send an email to TSchoenberger@TheBlackBayGroup.com with the word “subscribe” in the subject line and we’ll add you to The BlackBay Group’s distribution list.
Don’t Blame the NFL Replacement Refs and Owners; Blame “The Union”
By: Todd M. Schoenberger, @TMSchoenberger
Oh, the anger! The complaints! The act of throwing your shoe at the television! Any idea what I’m talking about? The NFL replacement refs, of course!
Funny, but only half of the NFL fans seem to be unhappy with these replacement refs, while the other half think they’re the best thing since the chicken wing was discovered. Simply put, if you’re on the losing end of the scoreboard, you want blood. If you’re on the winning side, the replacements refs are your new BFF.
The brouhaha is about “poor” officiating and the ridiculous comment about the “integrity” of the game. Seriously? A sport that recently had to deal with bounties, gambling, domestic abuse and criminal behavior is worried about the “integrity” because a couple of humans running around in zebra stripes are making a few bad calls? Gimme a break.
But since this is a country that loves to point fingers and pass the accountability check to the next guy, let’s look at who the real fools are in this debate: The NFL Referees Association; better known as “the union.”
Here are the numbers I want you to consider: In 2011, an NFL ref in his first year made an average of $78,000. An NFL ref in his fifth year earned an average of $115,000. And, the fella who is seasoned and been there for ten years earned $139,000. For those who qualify and make it to postseason play, refs earn substantially more.
And, oh yeah, this is for part-time work. Read more of this post
September 10, 2012 1 Comment
Hello folks! We’re going old-school again and bringing NYSE Institutional Floor Broker, Kenny Polcari, back into The BlackBay community. Many of you have asked for his sensational analysis and exceptional recipes. Well, guess what…it’s back!!
From today…(please spread the word):
By: Kenny Polcari, NYSE Institutional Floor Broker
The stock market stood up and celebrated a horrendous jobs report on Friday – the rally this past week reflects the idea that investors (traders) are expecting more sugar from the Fed….……if you did not hear – new jobs created came in at ……+96,000 new jobs – well below expectations of +140K and well below the +250k that we need to make any headway at all – Unemployment – came in at 8.1% – actually down from 8.3% but for ALL THE WRONG reasons….people just leaving the work force, giving up, no longer being counted…..
This is the old – bad news is good news – and since this was one of the worst NFP reports since the “recovery” began in 2009 – speculators quickly placed more bets on Uncle Benny and the Jets…..that we will hear the news of a new program this week…..
If you say that the mkt did not really react – you would be mistaken – remember that the mkt “overreacted” on Thursday after the ECB announcement of nothing……the mkt moved up some 237 pts and on Friday moved up another 14 pts…..the S&P closed the week at 1437 or some 2.5% for the week – closing out a new high for the year. But further evidence that traders are fully expecting QE3 from the Fed and guaranteed bond-buying from the ECB can be found in the currencies and precious metals markets.
First Europe – Since the ECB accommodation is “sterilized” their action means that the money comes from the Eurozone countries on behalf of their weakest siblings and no increase occurs in the euro currency supply. This should mean that the Euro should rise if the ECB pulls this sovereign bond-buying plan off in any significant measure. But in the States - the Fed accommodation is all about turning on the printing presses……just print more money – resulting in strong currency debasement, – meaning that the value of the dollar is going to be trashed – yet again and the dollar should fall on an actual QE3 program. So – with the Euro finding support and the dollar under pressure - precious metals, equities, food commodities should spike – as these are ALL priced in dollars….. Read more of this post