Tuesday, December 15, 2009
The Good Old Days
There was one painful thing to see: Near the end of the game they showed some stuff on "today" vs what was happening the last time the Rams beat the Niners in 1990. The Dow was all the way up to 10,649. Unfortunately as I write this over 10 years later it sits at virtually the same place 10,452. I guess some things never change.............
Friday, November 27, 2009
Number 11
By the way belated Happy Thanksgiving to all! I hope everyone was able to get together with friends and family to celebrate everything that is good in your life.
Saturday, October 24, 2009
Day 1 Main Event
Wednesday, October 21, 2009
Horseshoe Hammond Update
Saturday, October 17, 2009
The Comeback
As a side note, Maureen Dempsey (bride of Ellie's most memorable flower girl wedding and cousin of the current bride) is rumored to be furious with Ellie's decision. To make it worse, Maureen is a current bridesmaid in this wedding where she will half to just sit back and watch as her former flower girl lights up the church. While half of the relatives are just happy to see Ellie still in the game, the other half can barely stand to watch. Ellie is quoted as saying "Having (Maureen) in the wedding had nothing to do with my decision. Some of my best smiles were in Maureen's wedding and I will always be her flower girl. However, I still enjoy the feeling you can only get at a wedding. This does nothing to diminish what I did in her wedding." At age 7, many experts feel she may be too old, but she said, "If I didn't feel I could still perform, I wouldn't be back."
Monday, October 12, 2009
Another Reason Pokerstars is Considered The Best Online Site
Dear WCOOP Champion,
Congratulations on your success in the 2009 World Championship of Online Poker! Making your way through the tough field found in any WCOOP event to earn the bracelet is a major achievement few will ever experience.
I'm contacting you today to provide details on the WCOOP Champion's Bracelet presentation, which we will be conducting at the Atlantis Resort on Paradise Island in the Bahamas, during the PokerStars Caribbean Adventure.
Each WCOOP Champion will receive the following:
* $1,000 credited to your account to help with travel and other expenses
* 4 nights stay at the Atlantis Resort for you and a guest
* invitation to Champions' Reception (location to be determined) on January 9th
Please note that just one trip will be awarded to each WCOOP Champion, regardless of the number of bracelets won or Player of the Series standing.
You should arrive in the Bahamas on January 8th and fly out on January 12th, as the hotel nights reserved for you will be the nights of the 8th, 9th, 10th, and 11th. If you wish to play in the Main Event of the 2010 PokerStars Caribbean Adventure, you can of course try your luck in the satellites or buy a package directly, and if you do so we will adjust your credit accordingly.
Thanks again for participating in the 2009 World Championship of Online Poker. I hope that you're looking forward to receiving your bracelet at least as much as we're looking forward to presenting it to you!
See you in the Bahamas!
All the best,
Bryan Slick
Tournaments Team Leader
PokerStars Poker Room Management
Tuesday, October 6, 2009
g g g g g g g g g GOLD!!!!!!!!!!!!!!
The dollar keeps getting weaker. There are more and more rumblings around the world of the dollar losing it's reserve standard. Unless the government changes it's ways soon, the dollar will keep getting weaker, assets will keep getting more expensive, and inflation will ruin many people's standard of living. In the past year, the dollar has lost 20%! Yet the government says there has been no inflation?!?!?! Don't believe them. Food costs are up, gas prices are up, etc. Real inflation is running at around 6% or so according to most real estimates. Protect yourself.
Tuesday, September 22, 2009
Poker Television Debut (Sort Of)
Saturday, September 19, 2009
WCOOP Champ!!!!!!!!!!!!!!!!
Wednesday, September 16, 2009
A couple market updates....
Here is the link to the original article:
http://asliceofpi-cviox.blogspot.com/2009/02/gold-update_18.html
and here is the updated returns using the 11/6/8 date (which is more favorable for the S&P 500):
S&P 500 16.18%
Gold 37.99%
Silver 72.90%
GDX 119.24% (mining stock etf)
AUY 144.33%
SLW 255.50%
So if you put an equal amount into each of my five recommended holdings your return would have averaged merely 126%. Incidently, gold is just under alltime highs as I write this. The S&P 500 is still nearly 50% under it's alltime highs. The fundamentals for gold and silver remain strong while the fundamentals for the market as a whole are tenuous at best.
This leads to the second update:
http://asliceofpi-cviox.blogspot.com/2008/11/precipice.html
In this one I preditcted a pattern for the Dow Jones. So far the pattern has been almost perfect. I will say my timing was off by a couple months (I thought the bottom would be in December not March, and I thought the rally would be sharper and end in about 4 months). The Dow is just below my predicted top of between 10000 and 10500. I still hope I am wrong about all of this. However, I really believe this drop will happen at some point unless the fed keeps printing money like it's going out of style.
Right now the biggest threat for a massive blowup "lies" in the banks. As of now most banks have tremendous amounts of bad debt sitting on their balance sheets at false levels. The fed and the accounting board are allowing the banks to put these "assets" on their books at full value. Who out there really believes all these Alt A laons, sub prime loans, ARMs, etc will be fully recovered. In fact, recently a major bank that was forced to be taken over had their assets wrote off at 37% (a mere 63% below where our government was allowing them to show)!!!!! The reason our government is doing this: if the banks are forced to mark these assets to market (like has always been the case), most would be bankrupt. This was why the gov bailed them out, and this is why we are likely screwed. Despite the huge bailout, only a small part of the huge canyon was filled.
A new wave of mortgage blowups are expected to hit in 2010 and 2011 on the same scale that has happen the past 2 years due to ARMs (adjustable rate mortgages) resetting. ARMs were the huge fad towards the end of the housing boom as a way to get people that had no business getting homes, or second homes, or investment homes into the market. Banks quoted teaser rates as low as 1% for 5 yrs. They also signed these people up with no financial records because they got paid for each loan finished. Volume equaled huge profits. Screw the long-term. Well the long-term is almost here, and all these people that signed up are in deep shit. Already the default rates on these loans are high and the intereset rate reset hasn't even occurred on most. The estimated default rate on these loans are over 50%!!!! I haven't even gotten into commercial loans which typically trail consumer mortgages. These size of this market isn't as large as consumer but it is expected to be extremelky weak also.
Can this be fixed? It's a catch 22. If the government steps aside as they should in a true capitalistic economy, the financial sector (and as a result the entire economy) will be %^#^**. However, we will recover fairly quickly as the strong players will come out stronger, and the weak will be gone. If the government keeps trying to prop up every weak player, then our country's debt will continue to skyrocket, and the dollar will continue to get weaker.... and our economy will still be %^*%&$ (just in a different fashion with huge inflation and impossible debt loads). The strong players will get punished because the incentive to do things the right way will be gone. The idiot's that took on too much risk or flat out cheated will be bailed out at the expense of those that went about things the right way. This would sacrifice our country's future for the present. Currently, our government is choosing the latter option. It's pretty sad......
I'm not sure when or what may be the cause that starts the downturn, but I truly believe it will happen (pending the printing press). It could be sudden or just a rolling over of the market that slowly picks up steam. Please tread carefully everyone, and do not get caught up in the propaganda getting spewed out of Washington or Wall St.
Tuesday, September 15, 2009
Puke
This is my bustout hand from the $300 PLO w/ RB's and is extremely gross. I knew Mercier would make a move with anything here if I just made a weak looking call. However, when you can hit your 10%'s I guess I would make crazy moves too.
PokerStars Game #32886089940: Tournament #200909031, $300+$20 USD Omaha Pot Limit - Level IX (80/160) - 2009/09/15 18:07:04 ET
Table '200909031 32' 6-max Seat #2 is the button
Seat 1: JasonMercier (31620 in chips)
Seat 2: veg777 (3945 in chips)
Seat 3: Skint Paddy (32167 in chips)
Seat 4: grindnitout (3944 in chips)
Seat 5: PiMaster (15226 in chips)
Seat 6: MUSTAFABET (23548 in chips)
Skint Paddy: posts small blind 80
grindnitout: posts big blind 160
*** HOLE CARDS ***
Dealt to PiMaster [Jh 2c 2h Jd]
PiMaster: calls 160
MUSTAFABET: folds
JasonMercier: calls 160
veg777: folds
Skint Paddy: calls 80
grindnitout: raises 640 to 800
PiMaster: calls 640
JasonMercier: calls 640
Skint Paddy: folds
*** FLOP *** [2s 8d Tc]
grindnitout: bets 2560
PiMaster: calls 2560
JasonMercier: raises 10240 to 12800
grindnitout: calls 584 and is all-in
PiMaster: raises 1626 to 14426 and is all-in
JasonMercier: calls 1626
*** TURN *** [2s 8d Tc] [Jc]
*** RIVER *** [2s 8d Tc Jc] [9c]
*** SHOW DOWN ***
PiMaster: shows [Jh 2c 2h Jd] (three of a kind, Jacks)
JasonMercier: shows [7c Td Ks Qc] (a flush, Queen high)
JasonMercier collected 22564 from side pot
grindnitout: shows [3s Ah 2d Ad] (a pair of Aces)
JasonMercier collected 11992 from main pot
cognex is connected
Monday, September 14, 2009
For those who care....
Thursday, September 10, 2009
How to Snow in 2 to 7.....
I am dealt 732xx and raise from the cutoff. The big blind calls. We both draw 2, and I end up w/ 77332. He checks calls my bet. At this point he draws 2 so I decide to stay pat. He check calls another bet from me and draws 1. Once again he checks and I bet. Fold fold fold fold. Nope he calls, and ...... the pot gets pushed .... to me! ?????
He immediately writes oops, and says he thought there was a draw left. Still I had 2 pair!!!!!! He had 87654 lol. So now I get caught snowing, and I won the hand. Best case scenario because I had just sat down at the table and I rarely ever do that. Now guys will be calling me down with all sorts of stuff.
Monday, September 7, 2009
WCOOP Update
Thursday, September 3, 2009
WCOOP Begins Today
Saturday, August 29, 2009
WSOP Coverage
Friday, August 21, 2009
Nationals Update
On a side note this may have been may last truly competitive game. My desire has been dwindling this past year as I have been more focused on other aspects of my life. This may change when next spring comes around, but I don't know. I probably will play at some point in the future, but more than likely, it would be more just for fun or if someone needed me for a weekend. The only thing that kept me around this long is the guys on my team. As most of you know, my summers are crazy hectic, and I usually miss half of the season anyways. However, the comraderie of these guys has kept me around. That's what I would miss the most.
Tuesday, August 18, 2009
Nationals
40 teams qualified for the ISC II tourney. They have the top 30 of these teams ranked (we are not in that group). The format is 8 5-team round robin pools. The top 3 teams from each pool advance to a 24 team single elimination bracket with all the 1 seeds getting byes. Our bracket has the 8th, 9th, 15th, and 25th ranked teams.
Our first game was against the 8th seed and we lost 6-1. Most likely we will need to win 2 of the last 3 games to advance. I would consider this a successful tourney if we can. I will keep you updated. Our next game is tomorrow at 12:30.
Sunday, August 16, 2009
Soooooo Close!
I really like where my game is right now. I seem to be making a lot of good reads that are minimizing my losing hands, maximizing my monsters, and picking up pots that shouldn't be mine. Yet, I know I am making a couple bad plays here and there that I need to cleanup.
Oh and Wolf - you still owe me some :)
Friday, August 7, 2009
FT (R U KIDDING ME?)
I really think Fu(ck)ll Tilt has it out for me. I've started tracking my allins there in the NLH tourneys (just for info purposes to see if I'm crazy). My results there over time are ridiculously bad.
Tournies
ROI (courtesy of official poker rankings)
2009 FT -59% Stars 70%
2008 FT -12% Stars 8%
2007 FT 48% Stars 105%
Overall FT -7% Stars 32%
My stats (which go back 1 yr further) FT 5% Stars 32%
other sites Party 4% Live 67% UB 83% Cake 68%
Cash Games
2009 FT -6k Stars -10k (stars double the hrs & higher limits)
2008 FT -56k Stars +75k (stars about 25% more)
2007 FT -4k Stars +24k (stars more than doublte the time)
Overall (includes some pre 2007) FT -58K Stars +94K
other sites UB +44K Party +81k (this one's dubious pre-uigea) Bodog -10k Cake +9k
The disparity among Tilt and pretty much every other site is crazy. The fact that cash games and tournies pretty much look the same is odd too. I first started to notice this during my short -term short stacking phase. I played Tilt and Stars during it, and I used Poker Tracker which you could load into some software to measure your allin luck (to see how you ran during allins, this was all that mattered really for a short stacker). On Tilt I ran so far below expectations that I was a slight loser. On Stars, I ran slightly above expectations, but this meant I absolutely crushed the games.
I know the disparity on Tilt could be mathematically explained through standard deviations from the mean. At the same time, eventually reversion to the mean is expected if your sample size gets large enough. As time continues to go by, I am really beginning to wonder............................
Monday, July 27, 2009
Sunday Blues
3/62 (all 3 cashes in the Sunday Warmup on Pokerstars)
-$15,323
Yes I am 0 for the Stars Sunday Million, the FT Sunday Brawl, the FT 750k, and the UB 200K plus some HORSE, Razz and FTOPS/SCOOPs.
That's the bad news.
The good news: my big score of the year was in a $55 NLH on Stars back in January (which happened to be on a Sunday). As a result, my overall net on Sundays is actually positive. It just doesn't feel like it.
Sunday, July 26, 2009
Sunday, July 12, 2009
377th
To say this series was a disappointment would be a large understatement. I felt I played very well for the most part (although I did botch some hands as would be expected with the amount of poker I played). However, the allins just hammered me. I ran so far below expectation that it was hard to ever get a stack unless my timing on bluffs was phenomenal. This is basically how I went so far in the Main Event - a couple big hands, and tons of small to medium pots taken down with cbets and creative bluffs.
I basically broke even on the trip in poker including online action. Considering I was down almost 30k at one point, that could be considered a small victory. I fly home tomorrow, and I can't wait to see my family. Also, a good shave might do me wonders (the facial hair is out of control).
Good Luck to Mr. Joel Patchell! He is currently sporting a large stack, and I would love to see him make some major waves in this tourney.
Saturday, July 11, 2009
Day 4
On a side note I played at my 1st feature table (it was the secondary feature table). I was seated with Joe Hachem, Peter Eastgate, Surindar Sunar, and Burt Boutin. So look for me when they do Day 4 coverage on ESPN. However, I fear the only hand they may show of me is the one I incorrectly folded :( So if that happens I won't look too good (weeeeeeee!).
WSOP Contest
Doyle - Phil Ivey, Dan Harrington
Nick/Matt - Chris Viox, Joe Sebok
Joel - Phil Hellmuth (3 pts), Chris Ferguson (2 pts - somehow missed him previously) Elky
Tom - JC Tran
Chris - Joe Hachem
Jason - none
Day 4 Anyone?
Nonetheless, I move on with 233,500. Average is slightly above this. Also Paul (293k) and Joel (313K) are still kicking. We should hit the money sometime early in the day (maybe 3 hrs in or so).
Doyle - Phil Ivey 371k Dan Harrington 181k
Jason - Isaac Baron 208k
Nick/Matt - Chris Viox 234k, Joe Sebok 298k
Joe - Justin Bonomo 518k
Joel - Phil Hellmuth 485k, Elky 1.4mil
Tom - JC Tran 119k
Chris - Joe Hachem 240k
Matt S - done
Thursday, July 9, 2009
WSOP Contest Update
Edited
Doyle: Phil Ivey 346k, Harrington 181k
Jason: Isaac Baron 82k, Jason Somerville 290k
Nick/Matt: Chris Viox 114k, Joe Sebok 123k
Joe: Greg Raymer 96k, John Juanda 39k, Justin Bonomo 223k
Joel: Phil Hellmuth 143k, Elky 208k
Tom: JC Tran 285k, Nam Le 38k, Erik Seidel 56k, Carlos Mortensen 58k
Chris: Joe Hachem 139k
Matt S: 0 0k, nobody 0k zilch 0k
Wednesday, July 8, 2009
Ideal Day
I now play Friday when all the remaining players are finally combined for the first time.
Good Luck on Wednesday for the following: Tom Fuller, Matt Viox, Matt Doyle, Seth Fischer, Paul Wasicka, Joel Patchell, and Matt Smith. Hopefully most of these guys can make it through to Friday also.
Saturday, July 4, 2009
On to Day 2
So a laggy bludgeoner to my right, a lag then huge bluffer to my left, and a super call station to my left made for many difficult spots. I will therefore take my stack with a smile and hope for a better draw for day 2. Good luck to virtually all my friends tomorrow. Almost everyone I know is playing except for a couple playing on Monday.
Friday, July 3, 2009
Main Event Contest
The Rules:
1) 6 man teams
2) Points are earned as follows: Every pay jump a player of yours moves up you earn 1 pt (ie a minimum cash is worth 1 pt, the next pay jump up is worth 2 pts, etc)
3) Most pts wins - winner take all
Teams:
Doyle- Phil Ivey, Chino Rheem, Dan Harrington, Erick Lindgren, Scotty Nguyen, Alex Kamberis
Jason- Gus Hansen, Isaac Baron, Mike Sowers, Vitaly Lundkin, Eric Baldwin, Jason Somerville
Nick/Matt V- Allen Cunningham, Chris Viox, Maria Ho, Toph Moore, Joe Sebok, Mike Binger
Joe- Phil Galfond, Greg Raymer, Dario Mineiri, John Juanda, Justin Bonomo, Justin Smith
Joel- Phil Hellmuth, Elky, John Little, Chris Ferguson, Tom Dwan, Gavin Smith
Matt S- Mike Matusow, David Pham, Antonio Esfandari, Brandon Cantu, Barry Greenstein, Michael Banducci
Tom- JC Tran, Nam Le, Erik Seidel, Carlos Mortensen, Mike Mizrachi, Steve Sung
Chris- Jason Dewitt, Daniel Negreanu, Isaac Haxton, Joe Hachem, Danny Wong, Adam Freidman
Thursday, July 2, 2009
Thursday, June 25, 2009
New Event Same Result
I have yet to win an allin for my tourney life in any tourney out here unless I was at least a 60% favorite. I have four tourneys left including the Main Event.
Monday, June 22, 2009
Out
So This Is What Day 2 Is.....
Happy Fathers Day all dads!!!!!
Saturday, June 20, 2009
Today's $1500
I play the 8 Game Mixed $2500 tomorrow. Things will turn eventually....right? :)
Friday, June 19, 2009
A Start, But Not Much Else
The cash was for a fairly meaningless $1586 due to the ridiculously top heavy structure employed by the Venetian. I really think if I won the hand I would have been about 3 to 1 to win it. As it was, I got my first cash for the trip. A few more to come hopefully.
Tuesday, June 16, 2009
Chicken or the Egg
Simple answer: To have fun.
Now some of you may have said to make money, but I would argue initially it was to have fun either online or with some friends and to hopefully come out ahead at the end of the day. Then when you found out you could really make some good money, it became far more interesting. Nevertheless, in the beginning it was for fun.
Why do I bring this up? Because I have been miserable of late. Losing day after day for weeks or months on end is horrible on one's spirit. This isn't just in poker. If you do any competitive activity and you lose repeatedly, it isn't going to be fun. This doesn't mean you don't still love to play the game.
So here is my theory, hypothesis, or whatever: I will play poker to have fun so that I will win. I will not play poker to win money so that I have fun.
Friday, June 12, 2009
The Master and Toph
Wednesday, June 10, 2009
3K HORSE
As long as I keep playing well something has to turn around soon (at least that's what I keep telling myself). As it is, I am still 0 for the series. My next event is the Stud 8/Omaha 8 tourney on Thursday.
Monday, June 8, 2009
Emotionally Crushed
Saturday, June 6, 2009
Not a Stud
Thursday, June 4, 2009
Dave Matthews Would Be Proud
Sunday, May 31, 2009
A Series of Unfortunate Events
I was very happy with the way yesterday's $1K NLH was going until the last hour of the night. I had grinded a middle to below average stack for a good 4 hours before tripling up over the course of one round to over 30k (the average at the money). I was out about an hour later, after nothing went my way. I busted with 430ish of the 3000 players still left. There are way too many interesting hands to post (basically b/c I'm not really in the mood to take the time :) ).
I also busted in the $1500 O8 on Friday in the middle of the pack. I thought I played pretty well in it, but there is only so much you can do in a limit tourney if the cards aren't falling your way. I grinded it as best as I could, but it wasn't to be.
I get back in action on Monday in the $1500 PLO.
Monday, May 25, 2009
2009 Dubaya Ess Oh Pee
Now I haven't lost money over that time, but I do have a family that I need to support. So I can't just break even forever. My outlay for the series is large enough that a horrible month and a half could make me reconsider my current direction in life. At the same time, the WSOP provides the opportunity to set my family up for years. Obviously the most likely scenario is somewhere in between (win or lose something that isn't too life changing).
As I arrive in Las Vegas this Thursday, my head is not where I want it pokerwise due to my aforementioned results. I have been quick to get down on myself or when bad beats occur. I am working hard to change this, but I admit I haven't been very successful. Everytime I think I have things going in the right direction again, a couple of bad weeks put me right back where I was. It has literally been months on end of 1 or 2 steps forward 1 or 2 steps back. I know one big score can change this. However, I would rather have my emotional outlook fixed internally rather than from an external source. For obvious reasons, this will serve me much better in the long run.
I'm staying with a good group of people (5 of us) in a house for the entire time. Julie and the kids will be coming out for 2 weeks about halfway through the series. My brother will be out for the main event. I expect the support and knowledge of my friends out there to be a big boost. I expect our house to do well. I expect myself to have a good series including a big score. I expect this to be the turn around I have been looking for.
Monday, May 18, 2009
Financial Update
Despite my feelings, I have told my clients we could continue to be in an up market maybe even two more years simply due to the massive stimulus the government has supplied. However because I feel this stimulus is nothing more than a short-term jolt (with probably zero potential for long-term GDP growth), once the money runs dry we will be in an even worse position than before. Higher debt levels and higher interest rates will likely be the case. At the point this occurs and the market rolls over, watch out! It could be in the next few weeks or a couple years out. I truly feel the only way we will not go far lower from here in the markets is if the fed allows inflation to run rampant. This will help stocks go up (because earnings will be higher due to the cheapening dollar), but with inflation super high everyone's purchasing power will likely drop substantialy. While the markets will look different under the two scenarios, the end result will be relatively the same. Most people will be far worse off at the end.
My odds:
We don't drop significantly lower from here: 20%
We retest the March lows (mid 6000s on the Dow) within the next 2 years, but they hold: 35%
We break down through the March lows within the next couple years: 45%
Tuesday, May 12, 2009
The Streak is Over!!!!
Wednesday, May 6, 2009
FTOPS (LOL)!
Thursday, April 23, 2009
The Worst Play Ever?!?!
The Hand:
PokerStars Game #27408180382: Tournament #156609625, $4.00+$0.40 Hold'em No Limit - Level XV (2000/4000) - 2009/04/23 13:32:47 ETTable '156609625 10' 9-max
Seat #4 is the button
Seat 1: jack1oo (6450 in chips)
Seat 2: kajjorg (17230 in chips)
Seat 4: Noctambulist (20355 in chips)
Seat 5: neela (54878 in chips)
Seat 6: budman1 (21570 in chips)
Seat 7: ACEHILL93 (32462 in chips)
Seat 8: gofast111 (13230 in chips)
jack1oo: posts the ante 400
kajjorg: posts the ante 400
Noctambulist: posts the ante 400
neela: posts the ante 400
budman1: posts the ante 400
ACEHILL93: posts the ante 400
gofast111: posts the ante 400
neela: posts small blind 2000
budman1: posts big blind 4000
*** HOLE CARDS ***Dealt to budman1 [Qs 3c]
ACEHILL93: raises 4000 to 8000
gofast111: folds
jack1oo: folds
kajjorg: folds
Noctambulist: folds
neela: calls 6000
budman1: folds
*** FLOP *** [2c 4h 4d]
neela: checks
ACEHILL93: checks
*** TURN *** [2c 4h 4d] [5d]
neela: bets 12000
ACEHILL93: calls 12000
*** RIVER *** [2c 4h 4d 5d] [6c]
neela: bets 12000
ACEHILL93: calls 12000 (leaving himself 63 in chips)
*** SHOW DOWN ***
neela: shows [5s 7s] (two pair, Fives and Fours)
ACEHILL93: mucks hand
neela collected 70800 from pot
*** SUMMARY ***
Total pot 70800 Rake 0
Board [2c 4h 4d 5d 6c]
Seat 5: neela (small blind) showed [5s 7s] and won (70800) with two pair, Fives and Fours
Seat 7: ACEHILL93 mucked [Jh Ah]
Friday, April 17, 2009
Eye of the Hurricane
The long awaited bear market rally I thought would come late last year has been in place for over a month now. Could this be the start of a new bull market?...yes. However, the likelihood of that in my opinion is definitely less than 50%. All that has happened is the government has thrown trillions of dollars into the economy and into banks to try to stop the tidal wave. This will obviously help, but probably only short-term. For one thing, the great majority of this money has not been used for anything that will help the economy over the long-run. Just like in '02 when the fed dropped interest rates drastically, the market rallied. However, giving easy money to people and the United States as a whole, is a horrible approach when the debt levels are already at historic highs. There are no free lunches! If I gave a person with 100k of debt and an annual income of 20K another 100k that he must spend; he will have some fun for a while and may even feel more wealthy. Yet, when the debt has to be repaid and his job still pays the same, he isn't better off. In fact, he is far worse off! Where we are right now is in the midst of the fun money spending.
I could see this lasting anywhere from a couple more months to maybe a year or more. However, when it does end, it will be ugly with a capital U G L Y. My high end expectation on the DJIA is around 10,000. So I think this rally could have a ways to go. During this time, gold will likely continue to suffer (with a max downside target of $700/oz, it is currently at $870/oz) as people believe the worst is behind us. I expect this to be the last great buying opportunity for it for some time (for silver too). By the end of the market's bounce, most individuals and market professionals will believe the bear market is long gone and start putting all their cash back into play. The overall mood will probably be borderline exuberant again despite that the underlying fundamentals of the economy will have not improved much or at all.
Remember, this is just my best guess. I would put my estimate at maybe 60-70% likelihood. Another scenraio is just a retest of the March lows in the 6500 range on the DJIA (10-20%). The last and best case scenario would be that we already hit the lows and the future is bright (10-20%).
Amendment: I just listened to a great interview talking about economics and the current state of the economy. I would strongly recommend this not just for a learning tool, but also as a must know for anyone concerned about the direction of our government and in particular the fed.
Here is the link (it is the April 11th episode 2nd Hour): http://www.financialsense.com/fsn/main.html
Friday, April 10, 2009
da Blues!!!!!!!!!!!!!!!!!!!!!
A few weeks back, I wrote about the St. Louis Blues and the ridiculous run they've been on. Well, tonight they clinched a playoff birth for the first time since the lockout. This had to be one of the most improbable scenarios the NHL has seen in years. At the midway point of the season, the Blues were 16-22-3 for a mere 35 points. They were anywhere from 8 to 12 points behind the playoff contenders and sat in last place (15th) in the conference. In the last 40 games (they still have 1 left on Sunday), they have gone 24-8-7 for 55 points. This is tops in the league over that time, and they did it without their top 2 defensemen (Brewer and Johnson) and arguably their top offensive player (Kariya). Half the players on the roster are 25 or younger. This video is just one reason the fans love these young guns. I can't wait to watch them in the playoffs starting next week.
Wednesday, April 8, 2009
SCOOPilicious!
Wednesday, April 1, 2009
How Geitner, the Fed and the Government continue to try to @#$% us!
The following is a very good explanation of what Geitner's new bank plan will likely do to the American taxpayer:
Saturday, March 21, 2009
Toph Cooks Up a Pi
Wednesday, March 18, 2009
KABOOM!!!!!
Ironically, the people on CNBC pretty much called Bernanke a genius, and seemed to think this was the best thing since sliced bread (or at least the best thing since the last time the fed did something similar). They are so short-sighted it is unbelievable. If the potential effects of any action are further than a few months out, they ignore it. Did anyone talk about what this may do 3 years from now? Give me a break! Kramer about blew his wad talking about how everyone can refinance their mortgages now at even better rates (which they can and I would advise), but as before this is what led us into the current problem - EASY MONEY! Throw money at it! What did Greenspan do everytime there was a problem? Throw money at it! What has Bernanke done every time? Throw money at it! Give the drunk his drink - that'll solve the problem.
The only (I repeat only) way to grow an economy is to actually produce something or provide some useful service. You can't create money out of thin air to grow an economy. Sure everyone will have more of it, but each additional dollar purchases less goods due to inflation. So you aren't any better off. In fact, the economy is actually worse off because the government (or better put - the taxpayer, you and I) has a larger interest payment each year.
Here is my advice:
1) Refinance if you can.
2) Instead of spending the money you save each month from refinancing (which is what the government hopes everyone will do, but will just make you worse off), put it in precious metals or pay off any debt (if you have some). Essentially make your self wealthier. Another idea is to buy nonperishable goods. I expect food prices may rise substantially in the next couple years. Stockpiling some food that doesn't go bad can't hurt you, but may help.
3) Do not keep alot of US Dollars. This can be done by buying ETFs that invest in foreign currencies (such as the Canadian Dollar - symbol FXC, or Austrailian Dollar - symbol FXA). Gold/silver purchases serve this purpose also.
4) Pray that the mess our government is getting us deeper and deeper into doesn't explode.
I could go on and on about this, but if you want to talk about it more, just give me a call.
Monday, March 16, 2009
Fun Days
However, there is something else out there on my sports horizon: the St. Louis Blues. I have always been a huge Blues fan, but since the lockout, they have been the league's cellar dwellar. Yet in the last couple years under new management, a dramtaic turnaround is in the works. Earlier this year they were at least 10 points out of the playoffs and in last place in the conference. This wasn't totally unexpected as one of the youngest and most injured teams. Their two best defenseman, and one of their top offensive players are out for the year. Throw in a bunch of other top line players who have missed a handful of games and your starting goalie getting placed on waivers, you have the recipe for a long year with the young guys getting their feet wet in the NHL.
Nevertheless, coach Andy Murray has them playing their asses off every game. Now they are one of the hottest teams in the league, and sit a mere 1 point out of the playoffs with less than 15 games left for all the teams. The Blues youngsters are a blast to watch. TJ Oshie (age 22 and easily my favorite player to watch - picture the tasmanian devil from cartoons on skates), Patrik Berglund (age 20), David Backes (age 24), and David Perron (age 20) have Blues fans salivating at the future of this team. In addition, Eric Johnson (age 20) is our top defenseman and one of the guys out for the year. They may not make the playoffs this year because their upcoming schedule is ridiculously tough, but I will be surprised if this team doesn't make a serious run for the Cup within the next three years. If they can keep these guys together for a while, you may be seeing the beginning of the next dynasty in the NHL.
Sunday, March 8, 2009
KK
Wednesday, March 4, 2009
Tailspin
For example, today I played four hours of PLO on 2 tables (2/4 and 3/6). I did not win one large pot the entire time. In fact, the largest pot I did win was a triple barrel bluff. I made a fair amount of moves and almost all of them worked, and yet at the end of the session I was down nearly $1500 because every single big pot got pushed to my opponent. It was one of the more frustrating sessions I've ever played due to the fact I felt I played really well and didn't land one big pot. Keep in mind this is PLO. Big pots happen very regularly. This is how it seems things have been going for a while. The problem is - is my objectivity objective enough. I keep feeling I must be doing something wrong even though it doesn't seem so to me. Any concrete help is very welcome.
Wednesday, February 18, 2009
Gold/Silver Update
_______10/24__11/6__Today_____Returns
S&P 500 870.4__ 908.6_ 791.30__ -9.09% -12.91%
Gold____ 737___ 737___ 975____ 32.29% 32.29%
Silver___ 9.23__ 10.00_ 14.18___ 53.63% 41.80%
GDX___ 17.80__ 21.93_ 36.66 ___105.96% 67.17%
AUY___ 4.03___ 4.67__ 9.40___ 133.25% 101.29%
SLW ___3.44___ 3.73__ 7.33____ 113.08% 96.52%
Who knows what will happen tomorrow. Maybe all of these will plummet, but I will say I still hold all of these. I don't plan on selling them for the foreseeable future due to the governments continued efforts to throw money at anything they see as troubled. While gold, silver and their stocks may have a pullback due to the incredible runs they've had recently, I fully believe they all have much higher to go. I hope everyone took my recommendation, but if you still have yet to get into them, the best way to do so at this point is probably to average in.
Monday, February 16, 2009
NCAA Bball
1) Kansas
2) UCLA
3) North Carolina
4) Indiana
5) Kentucky
Ironically, I don't like any of these teams. There is a good chance I missed a team because I didn't look anything up. I just tried to think through the various conferences. Let me know what you think.
Friday, February 13, 2009
Hall of Shame
Play while you read this post (2008 House of Pain people will understand)
What do the following all have in common (this should be easy for any halfway decent sports trivia buff):
Mexico 9 (FIFA World CUP)
Washington Capitols/San Jose Sharks 17 (NHL)
Cleveland Indians 24 (MLB)
Tampa Bay Buccaneers 26 (NFL)
Anthony Young 27 (MLB - P)
PiMaster 25 (FTOPS)
The answer, of course, is they all are the longest losing streaks in their respective sports (ties not included). Yes, I have gone an incredible 25 straight FTOPS events without a cash. Four occurred last series, and the first twenty-one events of this series. To be honest, I haven't even gotten close to a cash. Given my historical cash rate of about 20%, this has approximately a 0.38% (.8^25) chance of occurring during any 25 tourneys (or about 1 in 265). So while it is very improbable, it will occur on rare occasion. I have about the same likelihood of cashing 11 times (0.40%) during any 25 events (I won't explain that math for you - it's a little more detailed).
The good news (I guess) is that it is unlikely to occur again in my lifetime for the FTOPS. However, it will likely happen again through just regular tournament play online. Interestingly, if your cash rate is around 15% (still decent), this has a 1.72% chance of happening (merely 1 in 58). This shows how streaky poker can be.
The last time I had a series go this poorly to start was the 2007 WSOP. I bricked out on the first 16 events that year, but I bailed myself out in the Main Event to only end the series down a tad. It would be a nice de ja vu if it could happen again. I have three events left I plan on playing - PLO w/ Rbs, NLH Bounty, and the Main Event.
Tuesday, February 10, 2009
Detroit Lions or House of Pain?
Tom Fuller recently wrote a blog on 2010 Super Bowl Odds. The Detroit Lions are getting 100/1 to win the Super Bowl next year. The Lions turned in a terrible season in 09 and it doesn't look too promising in the future.
On a similar note, House of Pain is now 1/39 in cashes in the FTOPs. I have no clue where the team standsin the Pocket 5s contest, being that this is Matt Viox writing this blog, but I would give the House of Pain a slight edge over the Detroit Lions. I more importantly hope this team can just finish strong with their heads high as this has been an embarrassment to all friends and family. With Ben Lamb having the only cash for the squad, I'm sure he is looking to jump ship after his free agency is up in March. I don't know how much other teams will be looking at him, with the underperforming season he is currently having, but Pi and J will have a much tougher time finding someone to join them next FTOPS. The market for players is already competitive, and considering Pi's social skills and J's sleeping habits, the House of Pain faces a huge hurdle. It is necessary that this team finish with at least 2 final tables out of the remaining tournaments in order to attract players in the future. Yes, this team is in shambles, but I think they can do it. I bet on House of Pain.
Sunday, February 8, 2009
Now Exactly How I Imagined It
Me 0-10
J 0-10
Ben 1-10
Now we are not out of it yet because there are still 15 events left. However, we are definitely behind the 8-ball. We sit in 7th place. I will say right now, things could not have gone worse, and I expect a big week. Will it be enough? I'm not sure. Check back and see.
Friday, February 6, 2009
Update through 3 Events
I have yet to cash. I haven't really been close, nor has J. However, Ben has had one deep run and another decent run. He has our two scores that are good so far.
By the way, here are the other 10 teams:
1) mig.com, apestyles, peachymer
2) jse81, TheFatFish, The_D__RY
3) NEONPILS99, captinbiskut, shipitobv
4) bigdogpckt5s, imabigkidnow, dipthrong
5) ckingusc, ScoopandStack, Thay3r
6) titantom32, UFMan2, mjr2369
7) govshark2, gimmeda1time, chicagocards1
8) JCarver, Moorman1, GetPWN3d
9) GeoffRas22, tedsfishfry, Bussa Bus
10) rusostreet, sampson724, truesylose
The first 2 teams are the ones I think are the biggest competition.
Wednesday, February 4, 2009
FTOPS XI
http://ftops.pocketfives.com/ I will also likely provide updates every day or two.
My tentative schedule will include every event but the 5K event (unless I get a big score or satellite in). This will be 24 events and I'd like 5 cashes minimum. A final table is always one of my goals, and a win would be the icing on the cake to continue the solid start I've had in 2009.
Sunday, February 1, 2009
A Good Start
Cash games also went well for me. I have been focusing almost solely on PLO. Even though I am playing fairly low limits (2/4 to 5/10), I have been consistently making about 20 big bets an hour/table. I don't know how long this will continue, but I feel like the games are fairly easy and am completely in a comfort zone right now.
January of '09 was my 7th best month ever. More significantly though, it was my 2nd best month since the summer of '07. Interestingly, 6 of my top 10 months occurred in the magical year of '06 capped off by Paul's 2nd place finish in the big one. I doubt I will ever have a year like that again where everything went right from day 1 until day 365. I'm not saying I won't ever make more money in a year because there is some likelihood I will have a major score one day that eclipses that year all in one fell swoop.
In any case, I hope January is a harbinger for the year. The "Year of the Ox" is off to a good start.
Monday, January 26, 2009
Wednesday, January 21, 2009
A Changing Tide???
http://www.cardplayer.com/poker-news/article/5939/pennsylvania-judge-rules-poker-is-a-game-of-skill
http://www.cardplayer.com/poker-news/article/5940/kentucky-appeals-court-says-dont-touch-domain-names
Sunday, January 18, 2009
Massive Relief
Thursday, January 15, 2009
Courtesy Poker Blog
Stage #1410839822 Tourney ID 2118847 Holdem Multi Normal Tournament Pot Limit $40 - 2009-01-15 21:17:55 (ET)Table: 14 (Real Money) Seat #7 is the dealer
Seat 1 - ASSEENONTV ($3137.50 in chips)
Seat 2 - PIMASTER ($4227.50 in chips)
Seat 3 - HEAVENSMONEY ($3460 in chips)
Seat 4 - ZILEX69 ($742.50 in chips)
Seat 5 - MYNINETOFIVE ($2360 in chips)
Seat 6 - 3BARRELEDU ($4325 in chips)
Seat 7 - BLUEBAYOU17 ($3140 in chips)
Seat 8 - 2DIMES ($2810 in chips)
Seat 9 - LUCKYACES08 ($2747.50 in chips)
2DIMES - Posts small blind $20
LUCKYACES08 - Posts big blind $40
*** POCKET CARDS ***Dealt to PIMASTER [10d 10h]
ASSEENONTV - Folds
PIMASTER - Raises $100 to $100
HEAVENSMONEY - Calls $100 (cant fold pre)
ZILEX69 - Folds
MYNINETOFIVE - Folds
3BARRELEDU - Folds
BLUEBAYOU17 - Folds
2DIMES - Folds
LUCKYACES08 - Folds
*** FLOP *** [8s Kd 9c]
PIMASTER - Bets $150
HEAVENSMONEY - Calls $150
*** TURN *** [8s Kd 9c] [3d]
PIMASTER - Checks (he cant help bluffing)
HEAVENSMONEY - Bets $280
PIMASTER - Calls $280
*** RIVER *** [8s Kd 9c 3d] [6s]
PIMASTER - Checks
HEAVENSMONEY - Bets $1120
PIMASTER - Calls $1120
*** SHOW DOWN ***HEAVENSMONEY - Shows [10s Qd] (king high)
PIMASTER - Shows [10d 10h] (One pair, tens)
PIMASTER Collects $3360 from main pot
HEAVENSMONEY: man what a bs call
PIMASTER: ty!
PIMASTER: bs means big stud right?
HEAVENSMONEY: keep calling me next time youll double me up punk
PIMASTER: that wont hurt too much anymore
Thursday, January 1, 2009
Happy New Year!
Hopefully, a year from now I won't be regretting that statement and longing for the glory(?) days of 2008.