Author: boom booms room staff

King Kong Bundy’s Last Act is a Permanent One.

Posted on by boom booms room staff

Another Mardi Gras has come and gone. Many kings of their parades were praised and glasses toasted.  It’s quite the production.  So, too, were quite the productions of a few blockbuster King Kong movies.   But, there was only one King Kong Bundy.  And, he was a production unto himself.

Christopher Alan Pallies (born in 1957) was a professional wrestler, better known by his ring name, King Kong Bundy. He is best known for his appearances in the World Wrestling Federation (WWF) in the mid-1980s till the mid-1990s. In his career zenith Bundy wrestled in the main event of WrestleMania 2 in 1986, facing Hulk Hogan in a steel cage match for the coveted WWF World Heavyweight Championship.

It’s quite the production when they add the old steel cage to insure the paid actors cannot escape from the stage on which they are getting paid for their act.  It’s  the ultimate extraneous prop.

He was developed by the infamous Von Erich family as “Big Daddy Bundy.”  He wore blue jeans with a rope belt. After a dispute with the Von Erich family, Bundy was recruited by “Playboy” Gary Hart (not the politician) and with great fanfare was reintroduced as “King Kong Bundy.”  King Kong, wore a black singlet for the first time to signify his change. This was quite a wardrobe upgrade from jeans and a rope belt.

He lost his hair during the feud, adding to his signature look.  Who doesn’t go through a feud, lose their hair, get a new look, geta  new name, and get a new gig in life?  Oh, and don’t forget about the singlet in the slimming black color.

His acting ,er wrestling career, began in 1984 and lasted till 2007.  In that span of time his character was paired with many, opposed by even more, and took several twists and turns into the turnbuckle.  While he squared off against Hulk Hogan, his best schtick might have been the long running feud that he had with Andre the Giant.  Andre might have been the only wrestler bigger than King Kong Bundy.  Christopher Pallies, or KKB, stood six-foot four and weighed in at svelte 458 pounds, a giant in his own right if not by name.

His wrestling/acting landed him in a few “real” acting roles as well.  Bundy had two guest spots, and one bit part on Married… with Children, as the creators had named the lead characters “Bundy” in honor of him.  We aren’t sure which side of that should be more honored.  In 1987, he played Uncle Irwin, the brother of Peggy Bundy.  Lastly, in 1995, he appeared again as his day job, King Kong Bundy character.  In the role he taught Bud Bundy how to wrestle if you really want to call it that.

King Kong Bundy died Sunday at the too early age of 63.  He joins many, many other “professional” wrestlers who left here too soon to go to another ring in a another place.  The 458 lbs might have helped to punch his quick ticket to paradise.

There have been many kings, a few King Kong’s, but only one successful production named King Kong Bundy.

 

 

A Dubious Anniversary For Stocks

Posted on by boom booms room staff

Independent Investment Management designed to protect and grow your wealth.

JIM CARLTON
Managing Director
Chief Investment Officer

Friends

Stocks continue to lose a little bit of luster as we move into March. Today’s ADP private payroll number was about as expected and estimates are for Friday’s government non-farm payroll number to show about 180,000 new jobs were created in February. But, stocks seem to be experiencing a modest buyers strike at the moment. Volatility is still somewhat muted, but the direction has had a downward slope for several days now.

By the close, the Dow Jones Industrial Average was down 133 points to finish the day at 25,673. The S&P 500 was down 18 points to close at 2,771. Gold was up $2 to trade at $1,287 per ounce, while oil was down $.34 to trade at $56.22 per barrel WTI.

As we have mentioned, it’s not a bad thing that we would take a pause after such a robust rally off the Christmas Eve low, but it is a little disconcerting that we can’t get decisively above the 2800 resistance mark on the S&P. By the way, today marks the 10 year anniversary of the intraday market low of 666 on the S&P 500. The market didn’t bottom on a closing basis until the 9th of March 2009, but the March 6th intraday low was such an ominous number, market participants will never quiet forget it. It’s really amazing that we’re whining about 2800 10 years later. I can tell you with serious conviction, that on March 6, 2009 the S&P 500 reaching 2800 seemed like a fairy tale. Memories.

Have a nice evening everyone.

Jim

10200 Grogan’s Mill Road, Suite 340
The Woodlands, TX  77380 
(281) 298-2700 Phone
(877) 824-4299 Toll Free
(281) 298-2760 Fax

info@chjwealthmanagement.com        www.chjwealthmanagement.com

Investment Advisory offered through Carlton, Hofferkamp & Jenks Wealth Management, LLC (“CHJ”).

*Numbers and figures sourced from the following: Bloomberg.com, CNBC.com and Finance.Yahoo.com.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly.

CHJ Wealth Management,
10200 Grogan’s Mill Road,
Suite 340
The Woodlands, TX 77380

Cromartie Goes AWOL in NOLA.

Posted on by boom booms room staff

With less than one day to go till the Lenten Season begins, BBR asked Antonio Cromartie to take in the sights, sounds, and decadence of NOLA on Mardi Gras Day and give us a look at it though his eyes.  Predictably, and unfortunately, ole Antonio headed head first into the merriment and hasn’t reported back like any good reporter would.  Our guess is that he’ll be swallowed by the swale and swill of it all for quite sometime.    So much for pending Lenten promises.

We dialed up emergency relief help to show us the story.  The BBR staff came to the rescue.  Below are several photos of the French Quarter scene on a picture perfect Fat Tuesday.  Iphones take great pictures, but if you are looking at the post on one give the big file a moment to load.  Regardless, here are eighteen photos and a very brief explanation/title to act as your tour guide.  Enjoy.  Enjoy, but not to the Cromartie level of enjoy, please.

Mardi Gras is much safer than you might think. But, if you look for trouble you’ll find it.

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French Quarter corner balconies are architectually very cool!

 

One of many, many Mardi Gras day floats.

 

Robert E. Lee mourns the removal of his statue at Lee Circle not too far away.

 

Blue sky, nothing but blue sky.

 

If you like old world preservation hop on a plane if you haven’t ever been.

 

Like Emeril, the party kicked it up a notch.

 

Trumpty Dumpty.

 

Did we mention 19th century architechture?

 

Your guess is as good as……….

 

Jesus is looking over this debauchery in the background from the back of the St. Louis Cathedral.

 

If you like pina coladas and getting caught in the ………sun.

 

Saints fans feel like Goodell sent in clowns to do a ref’s job.

 

If you want these beads you’ll need to………..

 

The words ” totally awesome” come to mind.

 

The word “awesome” still is top of mind.

 

Bourbon St. is cleaner now than it will be come midnight.

 

Antonio, wherefore art thou Antonio?

Halftime Score -14 from 7.

Posted on by boom booms room staff

As the BBR staff descended yesterday on the city of New Orleans for a little Mardi Gras fun today, we couldn’t help but think of Antonio Cromartie.  Mardi Gras means Fat Tuesday.  Fat Tuesday is the day before Ash Wednesday in the Catholic religion.  Ash Wednesday officially kicks of the Lenten Season, or Lent.

Lent is traditionally described as lasting for 40 days, in commemoration of the 40 days Jesus spent fasting in the desert, according to the Gospels of Matthew, Mark, and Luke, during which he endured temptation by Satan.  During Lent devout Catholics give up or fast from one or more of their favorite foods, drinks, or activities.

So based on the above clearly the catholic religion, Mardi Gras, lent, restraint, and Cromartie would make for strange bedfellows don’t you say?  Therein lies the connection actually.  Cromartie has apparently never met a strange bedfellow.

Antonio Cromartie (born April 15, 1984) is a former NFL starting cornerback.   He played college football at Florida State and was drafted in the first round (19th overall) by the San Diego Chargers in the 2006 NFL Draft. He was selected to four Pro Bowls and was a first-team All-Pro in 2007 after leading the league in interceptions. Cromartie is credited with the longest play in NFL history, returning a missed field goal 109 yards for a touchdown in 2007.   He also played for the Arizona Cardinals, New York Jets and Indianapolis Colts.

Productive might be a word used to describe his career on the field. He played defense. But, on another playing field Cromartie might be called prolific.  There he plays offense.  And,  Antonio’s greatest talent is scoring.   His 14 children at the age of 33 arrived via seven baby mamas.  So the score, which we clearly hope is the final score, is children 14, baby mamas 7.  But, at only 33 years of age we might have only reached halftime.

Several years back when the baby count had reached the meager total of only eight, Antonio was interviewed for a segment on the HBO show Hard Knocks. It’s 1 minute and 27 seconds of pure gold and definitely worth another look.   At that point three of his children were each three years old.  None of the three were twins, nor were they triplets.  Three kids all three years old from three women has to be a record.  3,3,3.  It has to be, doesn’t it?

Cromartie owes, and we assume pays, $336,000 in child support a year.   We hope that he saved/invested wisely from his successful on field career to fund his successful playing the field career.

Mardi Gras gives one a last shot at decadence before Lent sets us straight.  Mr. Cromartie could be the king of this carnival.  He more than qualifies.  We aren’t judging.   Are we?

Lent?  Well, so far, not so much for him.  There is still time though.  It’s only halftime.

We’ll be back after these commercials ladies and gentlemen.  Once again, the score 14 from 7.

Laissez les bon temps rouler!

$22,103,879,734,119 and Counting. But, Who is Counting?

Posted on by boom booms room staff

As a gloomy February gave way late last week to a gloomy early March, $21 trillion in US debt and climbing gave way to $22 trillion in US debt and climbing.  But who is counting?  Talking about grey skies and cold temperatures is about as sexy as talking about debt.  It depresses one we suppose.

But, we wonder as out loud as we can, shouldn’t we talking about the debt NOW?  And shouldn’t we do something about it NOW?  We wonder if this isn’t something that both sides of the very parted aisle in Washington could agree on.  Last year’s roughly $800 billion deficit (money the US government spent in excess of what it took in) will look like it’s been on the Keto diet compared to the $1 trillion guesstimate that 2019 is shaping up to be.

By the time Barrack Hussein Obama left the White House in early 2017 the debt of ALL of the nation’s drunken overspending actually doubled under his watch.  Before anyone says he had to do it to stimulate the economy, the answer is no he didn’t.  You don’t have to do anything except pay taxes.  And, apparently you aren’t paying enough, that is, unless you think you are already paying too much.

And there in lies the crux of it all.  Both sides of the argument want to spend on programs and projects that appeal to their base.  And both sides talk around a game of “we need to spend less.”  Yet, at least one side thinks that we are taxed too heavily.

Obama wasn’t the only prez in charge to see wildly ballooning debt.  George W. liked to dole it out big time too.   He may have gotten that bad habit from his dad who rang it up like another round with the boys at the club.

In round numbers the debt has now reached $60 thousand for every legal US citizen and $180 thousand for every taxpayer.  We could solve this today if you would reach for your checkbook, dust off the dust, and write a quick one to the US Treasury for $60k.  One problem is that each of your children would need to as well, and it’s doubtful that they will ever even know what a checkbook is.  Has anyone named a child Venmo yet?  Our guess is yes.

Donald Trump spoke about the debt while campaigning.  He said on a live broadcast to his biggest cheerleader, Sean Hannity, that he favored the penny plan to reduce the deficit and eventually the debt.  The penny plan simply was a commitment to spend 99 cents on all of that which you spent a dollar on the year prior.  If you did this in seven years you would actually retire the entire debt, then $20 trillion.  Meanwhile, in his first two years the debt has leapt up two more rungs.  Sad.

However doing so would be like committing to the Keto diet, or any diet for that matter.  What are you willing to give up?  Or, would you just prefer to gorge yourself to death?

US Debt live billboards are posted in a few places in our countryside, a very few places.  Each time we hit a another depressing trillion milestone somebody grumbles about it and then we forget about it until we hit another milestone.  It reminds us of the assault on “assault weapons.”  Children at school are shot.  Proponents of gun control say we told you so.  Someone in Congress introduces new, stricter gun control legislation.  It dies without a vote  just like the very unfortunate children whose tragedy prompted the legislation.  Then, no one talks about it until it happens again.  It’s like the instructions on the back of a shampoo bottle.  Wash.  Rinse.  Repeat.

The Keto diet craze is sweeping across America.  How about we put America’s spending on the same healthier path?

In the time it took to write this (about and hour) the debt has ballooned to $22,103,949,632,268 which is an increase of nearly $60 million.

Keto for President in 2020.  MALA.  Make America Lean Again!

 

 

We Heard You Mr. Cummings.

Posted on by boom booms room staff

In the last seven days passion has come to the fore.  Robert Kraft news kicked it off as we learned of his passion for massages (cheap ones at that) and women of the Asian persuasion.  President Trump (who loves the ladies quite a bit as well) was passionate in his attempt to get North Korea to denuke.  Never be afraid to walk from a deal that doesn’t get close enough to your ask, never.  Michael Cohen was passionate in his hate for his former client Donald Trump.  Maybe he was too passionate as he likely will face additional charges for again lying to the House of Representatives.  Elijah Cummings passionately implored America to do better than this!

We heard Mr. Cummings.  After a week of too much misdirected, failed, or ill-advised passion we decided to end it on a somewhat lighter note that allows us to forget for a bit all of the above.  Sports.  Now that’s passion directed in the right direction 24/7.  Combatants on any field, arena, or track of competition bring out the love of the game in all of us.  Their actions and subsequent achievements are plenty enough to gain a sense of the love for their chosen filed of dreams.  But, sometimes their passion spills over into their words as well.  Below we offer to you in no particular order some inspirational quotes from some intense sport folks.

1.  “You can’t always control circumstances. However, you can always control your attitude, approach, and response. Your options are to complain or to look ahead and figure out how to make the situation better.” ― Tony Dungy

2.  “If you can believe it, the mind can achieve it.” – Ronnie Lott

3.“The more I practice, the luckier I get.” – Gary Player

4.  “Believe me, the reward is not so great without the struggle.” – Wilma Rudolph

5.  “Excellence is not a singular act but a habit. You are what you do repeatedly.” – Shaquille O’Neal

Perhaps Shaq should have practiced free throws repeatedly.  But we, otherwise, couldn’t agree with him more.  This weekend I am repeatedly going to try to be excellent at having fun.  The passion of the real world necessitates the escape to the fun.

 

 

 

 

 

Stocks Slump Despite Good Data

Posted on by boom booms room staff

Independent Investment Management designed to protect and grow your wealth.

JIM CARLTON
Managing Director
Chief Investment Officer

Friends

This morning’s GDP release was quite a pleasant surprise. With most analysts expecting a number south of 2% for the 4th quarter of 2018, it was a bit of a stunner that we saw 2.6% growth in the quarter. Even more surprising was how business investment contributed to the strong number, as did consumer spending. Along with that surprisingly good news, we got a robust and much better than expected Chicago PMI number. So, though we do seem to be in a bit of a slowdown, and almost assuredly a slowdown in corporate earnings (after the massive increase the past two years), the bulls can hang their hat on the fact that the slowdown sure doesn’t look like a recession- at least not at this point.

Despite the good economic data, stocks slumped, perhaps partially due to the lack of a deal with the North Koreans, but more likely we simply have run up against resistance in the middle of very overbought conditions. In other words, it wouldn’t be bad if we took a breather. For the day, the Dow Jones Industrial Average was down 69 points to close at 25,915. The S&P 500 was down 7 points to close at 2,784. Gold was down $6 to trade at $1,315 per ounce, while oil was up $.25 to trade at $57.19 per barrel WTI.

Stocks have shown signs of fatigue this week. Let’s see how we close out the week tomorrow. Stay tuned.

Have a nice evening everyone.

Jim

10200 Grogan’s Mill Road, Suite 340
The Woodlands, TX  77380 
(281) 298-2700 Phone
(877) 824-4299 Toll Free
(281) 298-2760 Fax

info@chjwealthmanagement.com        www.chjwealthmanagement.com

Investment Advisory offered through Carlton, Hofferkamp & Jenks Wealth Management, LLC (“CHJ”).

*Numbers and figures sourced from the following: Bloomberg.com, CNBC.com and Finance.Yahoo.com.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly.

CHJ Wealth Management,
10200 Grogan’s Mill Road,
Suite 340
The Woodlands, TX 77380

Elijah and the Karaoke Singers Hit a Few Low Notes.

Posted on by boom booms room staff

Infrequent visits to karaoke bars have all resulted in the same result for this writer.   Friends, family, strangers, and bouncers alike all highly recommended that I “keep my day job.”  Well, their point is understood to a point.  Yesterday, if you had a day job good for you.  Those job responsibilities hopefully kept you safely away from a live stream or TV and therefore from watching the U.S. House of Representatives Oversight Committee hearings.

The plea deal guilty Michael Cohen, aka Donald Trump’s decade long plus personal lawyer, took an oath to tell the truth to answer questions from blood thirsty Republican and Democrat Representatives.  It was the same pledge he took a while back then summarily lied through his pearly whites.

His 30 minute long (unprecedentedly long some said) opening manifesto only occurred after a vote to postpone was rejected by the majority Democrats.  It seems like the Republicans didn’t take too kindly to the prior night’s coaching and prepping session Cohen took part in with honorable reps, Adam Schiff among them.  And so Cohen began his 1800 second assault on anything his attorney, Lanny Davis (the Clinton family’s honorable lawyer and confidant) and he could think about to poke, jab, and stab at President Trump.  The speech touched on racism, womanizing, Stormy Daniels, hush money, repayments, son’s of Trump, Russian collusion (except he couldn’t call it collusion because of that silly under oath thing), payoffs, Trump Towers, and the like.

It even painted a picture of a Donald Trump picture, er portrait.  Cohen orated that Trump instructed Cohen to insure that a straw bid occur at an auction where Trump’s portrait was up.   As the last item in the auction a 60k bid secured the piece and secured the fact that it was the highest price paid for any portrait offered.  Cohen told us in this rundown that Trump has a big ego.  The hearings likely cost taxpayers far greater than 60k a minute.  So America paid about 180k to learn that Trump has a high opinion of himself.  Quite revealing isn’t that?

Then the fun really began.  Democrats asked if Cohen knew of any Trump drug use.  They asked if he ever provided money to any woman for “personal healthcare.”  Each of the Republican reps spent their five minutes calling Cohen a convicted felon, known liar, jealous lawyer, and scorned “White House employee want to be.”

What substance came of all of it?  Little.  The Russian collusion theory should now be put to rest once and for all.  But it won’t be. Trump reimbursed Cohen over 12 months for silencing Stormy days before the election.  Shameful perhaps.  Criminal? Nah.  Paging the Mueller Investigation.  Mr. Mueller what have you?

When it was all done Oversight Committee Chairman Elijah Cummings eloquently and passionately told the honorable committee’s rank and file, Cohen, and a worldwide TV audience that “WE ARE BETTER THAN THIS!”  He also asked that we leave our democracy in a better place than we found it.  It sounded like he wanted to Make America Great Again.

Was this entire day the first step, launched by the Lanny Davis aided Cohen speech towards finding something/anything to eventually vote to impeach Donald Trump?  Perhaps.  Perhaps.

And perhaps it is once again a loud, Cummings loud, reminder that votes really, really matter.  The American people voted Trump into office in November 2016.  The American people voted and enough Democrats won in November 2018 to flip the House to the Democrats.  The Oversight Democrats voted to make disgraced and disbarred Michael Cohen their star witness to dig dirt on you know who.   It was these same Democrats that voted to not postpone the hearings with the coaching so fresh in Cohen’s mind.  If the House stayed red there would have been no Cohen testimony.

Will the next big vote that matters eventually be cast by the House to attempt to over throw Trump?  Or will it be in the general election in November of 2020 to vote for or against Trump?  Cohen warned us in his closing remarks that if it were the latter that he had concerns that the transition from Trump to “fill in the blank” could be accomplished peacefully.  Over Cohen’s right shoulder Lanny smiled.  Mission accomplished.

We looked carefully at how the committee conducted itself in its “day job.”

We hope that they can sing.

 

New York Makes an Amazonian Sized Mistake

Posted on by boom booms room staff

It’s old news to you now that Amazon, Inc., try as it might to not, decided to pull the plug on their new New York headquarters #2.  A year-long “contest” ended with Virginia and New York both winning the “Amazon please be thy neighbor” prize.  But, then New York started acting like a petulant child.  The new news is a peek behind the curtain that fascinates.

This link is an open letter from a NY official that details the why of the wow.  Reading the details is like watching a train wreck in slow motion.   Wow indeed!

Start spreading the news, New York, New York failed to deliver a huge, gift wrapped economic boost to its people.