Thursday, February 24, 2011

Will the Price of Oil be a Game Changer?

First it’s Tunisia.


Then Egypt.

And now Libya.

What makes Libya different from a market’s perspective is that we are now

talking about an oil exporter in the sudden grips of political upheaval.

In this domino game, the next critical country we have to keep an eye on is

Bahrain. It is home to the U.S. Navy’s 5th Fleet. A new regime there could in turn

seriously impair America’s ability to patrol and monitor developments in the

Persian Gulf and surrounding areas. Bahrain is ruled by a Sunni monarchy and

yet the majority of the population is Shiite (and Art Cashin at UBS says that there

is Iranian intelligence that has been planted within the civilian population).
 
 
Saudi Arabia has the capacity to fill the void left by Libya, but that misses the


point. The risk of further unrest is rising, especially with sectarian issues in full

force in Bahrain. This means that oil prices at a minimum will retain a

geopolitical risk premium — most oil experts now peg this at $10-$15 a barrel. If

countries start to stockpile more crude in light of current events, one can expect

the oil price premium to rise even further even if the situation calms down

overseas. So no matter what, barring a sudden downturn in demand, and the

one thing about oil (food too) is that demand is relatively inelastic over the nearterm,

the risk is that we will see further increases in the price of crude even from

current lofty levels.

So the bottom line is that there is still more near-term upside potential than

downside risk for the oil price (and most energy stocks). This then will act as a

tax on consumers and as a margin squeeze for non-oil producers and only when

global demand sputters, as it did in the summer of 2008, will the oil price break
down — although it is likely to settle in a new and semi-permanently higher range


as it did coming out of the global credit collapse.

I believe we are getting closer to the point where the surge in oil prices could tip

the global economy back into recession (we may have already reached that

point anyway). My reading of Wall Street research shows that the trigger point for

recession calls would be somewhere around $120 a barrel. As it stands, both

the move in the oil price on a two-year basis and the current level in real terms

suggest that the “odds” based on past performance would certainly be better

than 50-50 as it pertains to the U.S. economy in any event.
 
Exerpt from David Rosenburg, G-S
 
 
 
 
 


About me: I give Economic, Social and Global trend briefings from some of the world's brightest minds at my blog http://saveriomanzo.com/ and http://saveriomanzo.blogspot.com/. I also provide true and tested financial planning and wealth advice. Most recently, over the past few years, I have become socially conscious and have been attempting to practise ways in which I can live my life more environmentally friendly.   Along with some truly exceptional friends, we provide consulting and business development for small-medium sized businesses.  In addition, I truly believe in being philanthropic, giving and doing unto other as we would have them do unto us. Some of my fondest resources are from Barry Ritholtz of The Big Picture, David Rosenberg and what Warren Buffett of Berkshire Hathaway is up to behind the scenes, as an example. saverio manzo

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Wednesday, February 16, 2011

Global Fund Managers Most Bullish in 10 Years

Some interesting perceptions that will affect investment returns.

Via Reuters:



* Investors were their most bullish on equities and commodities in nearly 10 years this month as optimism about growth surged, while inflation concerns led them to drastically sell down emerging stocks, a survey showed on Tuesday.

* The monthly global fund managers' survey from Bank of America-Merrill Lynch showed a net 67 percent of respondents were overweight equities in February, compared with 55 percent in January. This month's reading means the difference between overweights and underweights is 67 percentage points -- a level seen for the first time since the poll started in April 2001.



* The poll, which surveyed 188 participants who manage total assets of $569 billion, also showed a collapse in emerging markets allocations. A net 5 percent of respondents are overweight here -- the lowest since March 2009 -- compared with 43 percent in January and an average reading of 27 percent. Inflation expectations hit a 6-year high, with a net 75 percent of respondents expecting higher inflation in the next 12 months.

* "It's one of the most bullish surveys we've had in a long time. Basically the story is growth expectations keep going on higher... What we're seeing is fairly extreme asset allocation decisions," said Patrick Schowitz, equity strategist at BofA Merrill Lynch.

* "Warning lamps are really flashing. But we've seen a ...shift out of fixed income and into equities. You would expect some extreme asset allocation into risky assets while that shift is going on," Schowitz said.

* Commodities are the second most favored asset class after stocks, with a record net 28 percent of investors being overweight from 16 percent last month.

* Cash underweight positions moved to a net 9 percent, levels not seen since January 2002, from 5 percent in January.

* Hedge funds were also becoming bullish, raising their gearing levels. The ratio of gross assets held by hedge funds relative to their capital rose to 1.49, their highest since March 2008, from 1.26 last month. (hedge funds are levering up, and in a substantial way between January and February)

* Their net exposure to equity markets -- measured as long minus short as a percentage of capital -- rose to 39 percent, the highest since July 2007, from 31 percent in January.


About me: I give Economic, Social and Global trend briefings from some of the world's brightest minds at my blog http://saveriomanzo.com/ and http://saveriomanzo.blogspot.com/. I also provide true and tested financial planning and wealth advice. Most recently, over the past few years, I have become socially conscious and have been attempting to practise ways in which I can live my life more environmentally friendly.   Along with some truly exceptional friends, we provide consulting and business development for small-medium sized businesses.  In addition, I truly believe in being philanthropic, giving and doing unto other as we would have them do unto us. Some of my fondest resources are from Barry Ritholtz of The Big Picture, David Rosenberg and what Warren Buffett of Berkshire Hathaway is up to behind the scenes, as an example. saverio manzo

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Saturday, February 5, 2011

Egypt and Democracy: a price for the Middle East

To friends and colleagues on the bcc list. The American sense of democracy, human rights, transparent government and the rest of the list we all know pulls me in favor of the inevitable (now) changes coming in most of the autocratic regimes in the Middle East. But the issue of what the new regimes will be like gnaws continuously. We must not be sanguine about the outcomes. I think the risk of regional conflagration is high and rising.


This sobering summary below comes to me from a longtime friend, a skilled lawyer and prosecutor, who now spends some of his time in Jerusalem. Some may recognize him but I will preserve his anonymity for those who do know him. Note that, while Egypt remains in the top of the news, the spread of resistance and demonstration is rapidly occurring throughout the Middle East and North Africa.

D: An article appearing in today’s NYTimes by Helene Cooper and Mark Lander suggests, somewhat snidely, that it is ironic that Israel, the only democracy in the Middle East, would be so wary of their neighbor wanting the same thing. Here’s a few facts that might explain why.

A poll taken by the Pew Research Center in late 2009 revealed that 95% of Egyptians, 96% of Jordanians and Palestinians and 98 % of Syrians and Lebanese hold hostile views toward both Israel and Jews. They simply do not want Israel here. What CNN is not showing but what we have seen here via Israeli journalists are many signs of Mubarak with the Star of David drawn around his face or next to him, both with diagnals across them. Any democracy, and its leaders, must answer to the people. If these are the people, what does that portend for any democratically elected government in Egypt? Whatever their internal and political differences, the one unifying factor for virtually all Egyptians is their hatred of Israel. It also explains why Israel was able to negotiate its two peace treaties with Arab dictators. They could not have done so with a democratic Egypt or Jordan. When that democratically elected government in Egypt comes to power, as it soon will, it will control a standing army of 500,000, an airforce of over 500 planes, half of them new F-16s, over 4,000 tanks, 1000 of which are new Abrams A1As,a dozen batteries of the most sophisticated anti aircraft missiles in the world and an untold number of Scud B rockets–much more accurate than those which Saddam Hussein threw at Tel Aviv in Gulf War I . All supplied by the US, of course. Who would they want to use them against? Libya? Sudan? So, yes, you might say we’re kind of wary. Wouldn’t you be? -Gerry

From: Barry Ritholtz


About me: I give Economic, Social and Global trend briefings from some of the world's brightest minds at my blog http://saveriomanzo.com/ and http://saveriomanzo.blogspot.com/. I also provide true and tested financial planning and wealth advice. Most recently, over the past few years, I have become socially conscious and have been attempting to practise ways in which I can live my life more environmentally friendly.   Along with some truly exceptional friends, we provide consulting and business development for small-medium sized businesses.  In addition, I truly believe in being philanthropic, giving and doing unto other as we would have them do unto us. Some of my fondest resources are from Barry Ritholtz of The Big Picture, David Rosenberg and what Warren Buffett of Berkshire Hathaway is up to behind the scenes, as an example. saverio manzo

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Tuesday, February 1, 2011

Some of the Best (and Worst) 'One-Liners'

I was in the process of writing about the remarkable situation in Egypt and how it will affect the markets and our investments, in particular the effect on Canada ... but decided instead to share something a bit lighter, still in keeping with my Blog theme of wisdom from some of the world's brightest minds... I present to you some of the best (and worst) all-time one-liners:

1. 43% of all statistics are worthless.

2. 7/5th of all people do not understand fractions.

3. 99% of lawyers are giving the rest a bad name.

4. A bachelor’s life is no life for a single man.

5. A bad plan is better than no plan.

6. "A child of five would understand this. Send someone to fetch a child of five." — Groucho Marx

7. A city is a large community where people are lonesome together.

8. "A computer once beat me at chess, but it was no match for me at kick boxing." — Emo Philips

9. A conclusion is simply the place where you got tired of thinking.

10. A day for firm decisions! Or is it?

11. A day without sun shine is like, you know, night.

12. "A diplomat is a man who always remembers a woman’s birthday but never remembers her age." — Robert Frost

13. A drunk mans’ words are a sober mans’ thoughts.

14. A free society is one where it is safe to be unpopular.

15. "A generation which ignores history has no past – and no future." — Robert A. Heinlein

16. A gentleman is a man who can play the accordion but doesn’t.

17. A gentleman is a patient wolf.

18. A good pun is its own reword.

19. "A lie gets halfway around the world before the truth has a chance to get its pants on." — Winston Churchill

20. A little bit of powder, a little bit of paint, makes a girl’s complexion seem what it ain’t.

21. A little inaccuracy sometimes saves a ton of explanation.

22. A long-forgotten loved one will appear soon. Buy the negatives at any price.

23. "A lot of people mistake a short memory with a clear conscience." — Doug Larson

24. A man on a date wonders if he’ll get lucky. The woman already knows.

25. A man wrapped up in himself makes a very small package.

26. A mathematician is a device for turning coffee into theorems.

27. A person is just about as big as the things that make them angry.

28. A professor is one who talks in someone else’s sleep.

29. A proverb is a short sentence based on long experience.

30. A religious war is like children fighting over who has the strongest imaginary friend.

31. "A single death is a tragedy. A million deaths is a statistic." — Joseph Stalin

32. A smart man covers his ass, a wise man leaves his pants on.

33. A Smith & Wesson beats four aces.

34. A smoking section in a restaurant is like a peeing section in a pool.

35. A university is what a college becomes when the faculty loses interest in students

36. A weekend wasted isn’t a wasted weekend.

37. "A witty saying proves nothing." — Voltaire

38. According to my calculations the problem doesn’t exist.

39. Admit nothing, deny everything and make counter-accusations.

40. Adult: One old enough to know better.

41. After all is said and done, more is said than done.

42. Alcohol is not the answer, it just makes you forget the question.

43. All generalisations are dangerous, even this one.

44. All hope abandon, ye who enter here!

45. "All programmers are optimists." — Frederick P. Brooks, Jr

46. All those who believe in psychokinesis raise my hand.

47. All true wisdom is found on T-shirts.

48. All work and no play, will make you a manager.

49. "Always code as if the guy who ends up maintaining your code will be a violent psychopath who knows where you live." — Damian Conway

50. Always keep your words soft and sweet, just in case you have to eat them.

51. Am I ranting? I hope so. My ranting gets raves.

52. An apple every eight hours will keep three doctors away.

53. An atheist is a man who has no invisible means of support.

54. Any clod can have the facts, but having an opinion is an art.

55. "Any fool can know. The point is to understand." — Albert Einstein

56. Any time things appear to be going better, you have overlooked something.

57. Anybody can win, unless there happens to be a second entry.

58. Anybody with money to burn will easily find someone to tend the fire.

59. Anything good in life is either illegal, immoral or fattening.

60. "Anything that is too stupid to be spoken is sung." — Voltaire

61. Anything worth taking seriously is worth making fun of.

62. Anything you lose automatically doubles in value.

63. Are you wearing lipstick? Well, mind if I taste it?

64. Artificial intelligence is no match for natural stupidity.

65. As long as there are tests, there will be prayer in public schools.

66. Assumption is the mother of all screw-ups.

67. Atheists can do whatever the hell they want.

68. Attitude determines your altitude.

69. Bad command or file name. Bad, bad command! Sit! Stay! Staaaay…

70. Bad spellers of the world untie!

71. Bald guys never have a bad hair day.

72. Batteries not included.

73. Be good – and if you can’t be good, be careful.

74. Be good; if you can’t be good, have fun.

75. Be naughty – save santa the trip.

76. Be nice to your kids. They’ll choose your nursing home.

77. Be safety conscious. 80% of people are caused by accidents.

78. Beauty is in the eye of the beer holder.

79. Beauty lasts for a moment, but ugly goes on and on and on.

80. Beer – the reason I wake up every afternoon.

81. "Before they invented drawing boards, what did they go back to?" — George Carlin

82. Best viewed on my computer.

83. Better late than really late.

84. "Between two evils always pick the one you haven’t tried." — Mae West

85. Biology grows on you.

86. Blondes may have more fun, but brunettes remember it the next day.

87. "Both optimists and pessimists contribute to society. The optimist invents the airplane, the pessimist invents the parachute." — George Bernard Shaw

88. "Boys will be boys, and so will a lot of middle-aged men." — Kin Hubbard

89. Bravery is being the only one who knows you’re afraid.

90. Canis meus it comedit. My dog ate it.

91. Carpenter’s rule: cut to fit; beat into place.

92. Change is inevitable, except from vending machines.

93. Chaos, panic, pandemonium – my work here is done.

94. Character is what you are. Reputation is what people think you are.

95. Chicago law prohibits eating in a place that is on fire.

96. Children in the dark make accidents, but accidents in the dark make children.

97. Clones are people two.

98. "Clothes make the man. Naked people have little or no influence on society." — Mark Twain

99. Coarse and violent nudity. Occasional language.

100. Cogito cogito ergo cogito sum. I think that I think, therefore I think that I am.

101. Come to the dark side – we have cookies.

102. "Computers are useless. They can only give you answers." — Pablo Picasso

103. Could crop circles be the work of a cereal killer?

104. Courage is being afraid but going on anyhow.

105. "Courage is not the absence of fear, but rather the judgment that something else is more important than fear." — Ambrose Redmoon

106. "Courage is resistance to fear, mastery of fear – not absence of fear." — Mark Twain

107. Crime doesn’t pay… does that mean my job is a crime?

108. Criminal Lawyer – a redundant phrase.

109. Cult: It just means not enough people to make a minority.

110. Dawn is nature’s way of telling you to go to bed.

111. Depression is merely anger without the enthusiasm.

112. Do not attribute to malice what can as easily be attributed to stupidity.

113. Does the name Pavlov ring a bell?

114. Does the noise in my head bother you?

115. Don’t argue with a fool. The spectators can’t tell the difference.

116. Don’t be humble, you’re not that great.

117. Don’t be irreplaceable. If you can’t be replaced, you can’t be promoted.

118. Don’t be sexist. Broads hate that.

119. Don’t believe everything you think.

120. Don’t cry because its over, smile because it happened.

121. Don’t follow me, I’m lost too.

122. Don’t let yesterday take up to much of today.

123. Don’t look unless you’re prepared to see.

124. Don’t steal a police car unless you’re prepared to floor it all the way to Mexico.

125. Don’t tell any big lies today. Small ones can be just as effective.

126. Don’t tell me how hard you work. Tell me how much you get done.

127. Don’t trust reality. After all, it’s only a collective hunch.

128. Drive defensively – buy a tank.

129. Drugs cause amnesia and other things I can’t remember.

130. Dyslexics have more fnu.

131. Eagles may soar, but weasels don’t get sucked into jet engines.

132. Early to rise, and early to bed, makes a man healthy but socially dead.

133. Earn cash in your spare time. Blackmail your friends.

134. Earth first! (We’ll strip-mine the other planets later).

135. Earth is a great, big funhouse without the fun.

136. Eat drink and be merry, for tomorrow they may make it illegal.

137. Electrical Engineers do it with less resistance.

138. Elevators smell different to midgets.

139. Entropy isn’t what it used to be.

140. Even at a Mensa convention someone is the dumbest person in the room.

141. Every absurdity has a champion who will defend it.

142. Every man has his price. Mine is $3.95.

143. Every snowflake in an avalanche pleads not guilty.

144. Every solution breeds new problems.

145. "Everybody has a plan, ’till they get hit." — Mike Tyson

146. Everybody is somebody else’s weirdo.

147. Everybody wants to go to heaven, but nobody wants to die.

148. Everyone has a scheme for getting rich that will not work.

149. Everyone is beautiful if you squint a bit.

150. Everyone leaves the world a little better – some by leaving.

151. "Everyone needs believe in something. I believe I’ll have another beer." — William Claude Dukenfield

152. "Everyone thinks of changing the world, but no one thinks of changing himself." — Leo Tolstoy

153. Everything is always okay in the end, if it’s not okay, then it’s not the end.

154. Examine what is said, not who speaks.

155. Except for 75% of the women, everyone in the whole world wants to have sex.

156. Excuse me, is there an airport nearby large enough for a private jet to land?

157. Experience is something you don’t get until just after you need it.

158. "Experience is the name that everyone gives to their mistakes." — Oscar Wilde

159. F u cn rd ths, u cn gt a gd jb n cmptr prgrmmng.

160. Failure is not an option – it’s a lifestyle.

161. Failure is not falling down, it is not getting up again.

162. "Failure is simply the opportunity to begin again, this time more intelligently." — Henry Ford

163. Failure teaches success.

164. Faster hardware doesn’t solve business problems – unless the business problem is slow hardware.

165. Fill what’s empty, empty what’s full, scratch where it itches.

166. Fine day to work off excess energy. Steal something heavy.

167. "First get your facts; then you can distort them at your leisure." — Mark Twain

168. First rule of acting: whatever happens, look as if it were intended.

169. "Flying is learning how to throw yourself at the ground and miss." — Douglas Adams

170. For a good time, call (415) 642-9483.

171. For every action there is an equal and opposite criticism.

172. "For every problem there is one solution which is simple, neat and wrong." — H.L. Mencken

173. For good, return good. For evil, return justice.

174. Free speech carries with it some freedom to listen.

175. Freedom of speech is wonderful – right up there with the freedom not to listen.

176. Friendly fire – isn’t.

177. Friends help you move. Real friends help you move bodies.

178. "Friends may come and go, but enemies accumulate." — Thomas Jones

179. Friendship is like money, easier made than kept.

180. Frog blast the vent core!

181. Gee, Toto, I don’t think we’re in Kansas anymore.

182. Getting screwed while everybody else is getting laid.

183. Give a jackass an education and you get a smartass.

184. Goals are deceptive. The unaimed arrow never misses.

185. God is a comedian playing to an audience too afraid to laugh.

186. God made us brothers, but Prozac made us friends.

187. God will forgive me. That’s his job, after all.

188. Great minds discuss ideas. Average minds discuss events. Small minds discuss people.

189. "Great thinkers have always encountered opposition from mediocre minds." — Albert Einstein

190. Half the people you know are below average.

191. Happiness isn’t having what you want, it’s wanting what you have.

192. Hard work never killed anyone but why risk it?

193. "Hear and you forget; see and you remember; do and you understand." — Confucius

194. Help wanted: Telepath. You know where to apply.

195. Hey Santa, how much for your list of naughty girls?

196. Hey! It compiles! Ship it!

197. Hey, you want to go out for pizza and some sex? What, you don’t like pizza?

198. Honesty is the best policy, but insanity is a better defence.

199. Honk if you like peace and quiet.

200. How come wrong numbers are never busy?

201. "How does a project get to be a year behind schedule? One day at a time." — Fred Brooks

202. How long a minute is depends on what side of the bathroom door you’re on.

203. "I am always doing that which I cannot do, in order that I may learn how to do it." — Pablo Picasso

204. I am not single, I’m romantically challenged.

205. I am willing to make the mistakes if someone else is willing to learn from them.

206. "I can resist everything except temptation." — Oscar Wilde

207. I can’t complain, but sometimes I still do.

208. I can’t spell and beer doesn’t help.

209. I couldn’t repair your brakes, so I made your horn louder.

210. I didn’t say it was your fault, I said I was blaming you.

211. I don’t care who you are! Get those reindeers off my roof!

212. "I don’t mean to sound bitter, cold, or cruel, but I am, so that’s how it comes out." — Bill Hicks

213. I don’t mind coming to work, but that eight hour wait to go home is a bitch!

214. I don’t suffer from insanity, I enjoy every minute of it.

215. "I don’t care to belong to any club that will have me as a member." — Groucho Marx

216. I doubt, therefore I might be.

217. I drink to make other people interesting.

218. "I had a show. Then I had a different show. Now I have a Twitter account." — Conan O’Brien

219. I have a drinking problem – the bars close at 2 AM.

220. I have a strong will but a weak won’t.

221. "I have not failed. I’ve just found 10,000 ways that won’t work." — Thomas Alva Edison

222. "I have often wanted to drown my troubles, but I can’t get my wife to go swimming." — Jimmy Carter

223. "I intend to live forever, or die trying." — Groucho Marx

224. "I know I’m paranoid, but am I paranoid enough?" — Tom Clancy

225. I like being single. I’m always there when I need me.

226. I like long walks, especially when they are taken by people who annoy me.

227. I need someone really bad! Are you really bad?

228. I never think of the future. It comes soon enough.

229. I only drink to make other people more sociable.

230. I prefer old age to the alternative.

231. I quote people to better express myself.

232. I refuse to have a battle of wits with an unarmed person.

233. I still miss my ex. But my aim is getting better.

234. "I think animal testing is a terrible idea; they get all nervous and give the wrong answers." — Peter Kaye

235. I thought I wanted a career, turns out I just wanted paychecks.

236. I thought I was wrong once, but it turns out I was mistaken.

237. "I told the doctor I broke my leg in two places. He told me to quit going to those places." — Henny Youngman

238. I used to be indecisive but I am not sure anymore.

239. I went to a fight and a hockey game broke out.

240. I’d buy you a drink, but I’d be jealous of the straw.

241. I’d rather have a bottle in front of me than a frontal lobotomy.

242. I’m a nobody, nobody is perfect, therefore I’m perfect.

243. I’m busy now. Can I ignore you some other time?

244. "I’m not a vegetarian because I love animals. I’m a vegetarian because I hate plants." — A. Whitney Brown

245. I’m not crazy, but the voices in my head might be.

246. I’m not normally a praying man, but if you’re up there, please save me, Superman!

247. I’m not paranoid, they really are after me.

248. I’m trying to see things from your point of view, but I can’t get my head that far up your ass.

249. If 50 million people say a foolish thing, it’s still a foolish thing.

250. If a camel flies, no one laughs if it doesn’t get very far.

251. If a man tells a woman she’s beautiful she’ll overlook most of his other lies.

252. If all the cars on the Earth were lined up bumper to bumper, some idiot would try to pass them.

253. If all the girls in Australia were laid end to end, I wouldn’t be at all surprised.

254. If all you have is a hammer, everything looks like a nail.

255. If at first you do succeed try not to look astonished.

256. If at first you don’t succeed, destroy all evidence that you tried.

257. If at first you don’t succeed, failure may be your style.

258. If at first you don’t succeed, give up, no use being a damn fool.

259. If at first you don’t succeed, look in the trash for the instructions.

260. If at first you don’t succeed, quit; don’t be a nut about success.

261. If at first you don’t succeed, redefine success.

262. If at first you don’t succeed, skydiving is not for you.

263. If at first you don’t succeed, try a shorter bungee.

264. If at first you don’t succeed; call it version 1.0.

265. If Barbie is so popular, why do you have to buy her friends?

266. If blind people wear sunglasses, why don’t deaf people wear earmuffs?

267. If everything seems to be going right, you obviously don’t know what the hell is going on.

268. If everything seems to be going well, you have obviously overlooked something.

269. If god is inside us, then I hope he likes Fajita’s, cause that’s what he’s getting.

270. If god is watching us, the least we can do is be entertaining.

271. If homosexuality is a disease, can I call into work ‘gay’?

272. If I look confused it’s because I’m thinking.

273. "If I misbehave and nobody sees me, that’s one less lie I’ll have to tell later." — Dave Dunseath

274. If ignorance is bliss, why aren’t more people happy?

275. If it can go wrong it probably already has.

276. If it wasn’t for the last minute, nothing would ever get done.

277. If it’s stupid but works, it isn’t stupid.

278. If life gives you lemons, stick them down your shirt and make your boobs look bigger.

279. If love is blind, why is lingerie so popular?

280. If oranges smell like chicken, why are tomatoes blue? Think about it!

281. If the early bird catches the worm, what about the worm?

282. If the opposite of pro is con, then what must be the opposite of progress?

283. If things get any worse, I’ll have to ask you to stop helping me.

284. "If two wrongs don’t make a right, try three." — Laurence J. Peter

285. If voting could really change things, it would be illegal.

286. If we don’t protect freedom of speech, we will never know who the assholes are.

287. If we don’t succeed, we run the risk of failure.

288. If we’d stop trying to be happy we could have a pretty good time.

289. "If you are going through hell, keep going." — Winston Churchill

290. If you are going to walk on thin ice you might as well dance.

291. If you are not committing any sins, you are probably not having a lot of fun.

292. If you are willing to admit faults, you have one less fault to admit.

293. If you can see this, you’re not blind, which is a very good start.

294. If you can’t learn to do it well, learn to enjoy doing it badly.

295. If you can’t remember, the claymore is pointed towards you.

296. If you cannot convince them, confuse them.

297. If you choke a smurf, what color does it turn?

298. If you didn’t get caught, did you really do it?

299. If you don’t care where you are, then you ain’t lost.

300. If you find a path with no obstacles, it probably leads nowhere.

301. If you lend someone $20 and never see that person again, it was probably

302. worth it.

303. If you put it off long enough, it might go away.

304. If you take something away from users, they’ll sneak it in the back way.

305. If you tell the truth you don’t have to remember anything.

306. If you think education is expensive, try ignorance.

307. If you try and don’t succeed, cheat. Repeat until caught. Then lie.

308. If you understand what you’re doing, you’re not learning anything.

309. If you’re happy, you’re successful.

310. If you’re not having fun, then you’re not doing it right.

311. "If your wife wants to learn to drive, don’t stand in her way." — Stan Levenson

312. Illegal drugs are the chlorine in the gene pool.

313. In a world without walls and fences who needs Windows and Gates?

314. In America, anybody can be president. That’s one of the risks you take.

315. "In mathematics you don’t understand things. You just get used to them." — Johann von Neumann

316. "In order to avoid being called a flirt, she always yielded easily." — Charles, Count Talleyrand

317. In the dark I hold your hand, because in the light you look like a man.

318. "Insanity is doing the same thing over and over and expecting different results." — Rita Mae Brown

319. It always takes longer and costs more to fix it later.

320. "It has become appallingly obvious that our technology has exceeded our humanity." — Albert Einstein

321. It has recently been discovered that research causes cancer in rats.

322. "It is better to have a permanent income than to be fascinating." — Oscar Wilde

323. It is better to keep your mouth shut and appear stupid than to open it and remove all doubt.

324. It is easier to get forgiveness than permission.

325. It may be that your sole purpose in life is simply to serve as a warning to others.

326. It’s better to be a well-known drunk than to be an anonymous alcoholic.

327. It’s better to be wanted for murder than not to be wanted at all.

328. It’s better to keep your mouth shut and have people think you are a fool than to open it and remove any lingering doubt.

329. It’s like deja vu all over again.

330. "It’s not enough that we do our best; sometimes we have to do what’s required." — Winston Churchill

331. It’s not reality that’s important, but how you perceive things.

332. "It’s not that I’m afraid to die, I just don’t want to be there when it happens." — Woody Allen

333. It’s not whether you win or lose, it’s how you look when you play the game.

334. It’s one thing to give advice, it’s another to take it.

335. It’s people that give drinking a bad name.

336. It’s the squeaky wheel that gets the grease.

337. I’m not mentally ill, I just have a problem with reality.

338. Judge a man by his questions rather than his answers.

339. Laugh at your problems; everybody else does.

340. Lead me not into temptation. I can find the way myself.

341. Learn from my parent’s mistake. Don’t have kids!

342. Learn from your parents’ mistakes – use birth control.

343. Learning from your mistakes is smart, learning from the mistakes of others is wise.

344. Left to themselves, things tend to go from bad to worse.

345. Let’s play carpenter, first we get hammered, then I nail you.

346. Life exists for no known purpose.

347. "Life is a sexually transmitted disease" — R. D. Laing

348. Life is an open door. It can be closed at any time, so don’t complain about the draught.

349. "Life is pleasant. Death is peaceful. It’s the transition that’s troublesome." — Isaac Asimov

350. Life is what happens to you when you’re busy making other plans.

351. "Life isn’t about finding yourself. Life is about creating yourself." — George Bernard Shaw

352. Life’s a bitch, and then you’re reincarnated.

353. Life’s a bleach and then you dye.

354. Light travels faster than sound. That’s why some people appear bright until you hear them speak.

355. Linux is only free if your time is worthless.

356. Linux: because rebooting is for adding new hardware.

357. Living healthy is merely the slowest possible rate at which you can die.

358. Logic is in the eye of the logician.

359. "Logic, like whiskey, loses its beneficial effect when taken in too large quantities." — Lord Dunsany

360. "Look to the future, because that is where you’ll spend the rest of your life." — George Burns

361. Love is atemporary insanity curable by marriage.

362. Love may be blind but marriage is a real eye-opener.

363. Lunix… Because i’m better than you.

364. Make it idiot proof and someone will make a better idiot.

365. Man invented language to satisfy his deep need to complain.

366. Man who stands on toilet is high on pot.

367. Marriage is grand; divorce, a hundred grand.

368. Marriage. An expensive way of getting your laundry done for free.

369. Married men live longer than single men, but they’re a lot more willing to die.

370. Matrimony isn’t a word, it’s a sentence.

371. Maybe this world is another planet’s hell.

372. "Men never do evil so completely and cheerfully as when they do it from a religious conviction." — Blaise Pascal

373. "Microsoft is not the answer. Microsoft is the question. ‘No’ is the answer." — Erik Naggum

374. Monday is an awful way to spend 1/7th of your life.

375. Monday is the root of all evil.

376. Money is the root of all evil, and man needs roots.

377. Money should be utilized as a tool. You just gotta know which nuts to screw.

378. Most people don’t act stupid – it’s the real thing.

379. "Most people would rather be certain they’re miserable than risk being happy." — Robert Anthony

380. Mother told me to be good, but she’s been wrong before.

381. "My one regret in life is that I am not someone else." — Woody Allen

382. Never argue with a fool, they will lower you to their level and then beat you with experience.

383. Never buy a car you can’t push.

384. Never call a man a fool. Borrow from him.

385. Never eat yellow snow.

386. Never get into fights with ugly people, they have nothing to lose.

387. Never hit a man with glasses. Hit him with a baseball bat.

388. Never interrupt your enemy while they are making a mistake.

389. "Never let your sense of morals prevent you from doing what is right." — Isaac Asimov

390. Never tell a lie unless it is absolutely convenient.

391. Never test the depth of the water with both feet.

392. Never try to teach a pig to sing. It wastes your time and annoys the pig.

393. Never underestimate the power of a small tactical nuclear weapon.

394. Never underestimate the power of stupid people in large groups.

395. "Never waste a lie when the truth will do." — Jack Clancy

396. Never, ever make absolute, unconditional statements.

397. No good deed goes unpunished.

398. No life is totally wasted, one can always be a bad example.

399. "No matter how old you are, there’s always something good to look forward to." — Lynn Johnston

400. No one dies a virgin, life screws them all.

401. No-one suspects the butterfly!

402. Nostalgia isn’t what it used to be.

403. Not all men are fools… Some are bachelors.

404. Nothing is illegal if one hundred businessmen decide to do it.

405. Nothing will dispel enthusiasm like a small admission fee.

406. Of course there’s no reason for it, it’s just our policy.

407. Old age is nothing to worry about, except if you’re a cheese.

408. Old ideas got that way because they proved useful.

409. Old soldiers never die. Young ones do.

410. Once the toothpaste is out of the tube, it’s hard to get it back in.

411. One way to stop a runaway horse is to bet on him.

412. Only dead fish go with the flow.

413. Only the winners decide what were war crimes.

414. Only users lose drugs.

415. Optimist: Someone without much experience.

416. "Patience has its limits – take it too far and its cowardice." — George Jackson

417. People in cars cause accidents. Accidents in cars cause people.

418. People will believe any lie, either because they want it to be true or they are afraid it’s true.

419. "Physics is like sex. Sure, it may give some practical results, but that’s not why we do it." — Richard Feynman

420. Pretend to spank me – I’m a pseudo-masochist!

421. "Programmers never die. They just become legacy." — epsilona01

422. "Programming is like sex: one mistake and you’re providing support for a lifetime." — Michael Sinz

423. Proofread carefully to see if you any words out.

424. "Punctuality is the virtue of the bored." — Evelyn Waugh

425. Quando omni flunkus moritati – when all else fails, play dead.

426. Rainbows are just to look at, not to really understand.

427. Reality is a nice place, but I wouldn’t want to live there.

428. Reality is for people who can’t handle drugs.

429. Rehab is for quitters.

430. Religion cannot be without morality, but morality may arrive without religion.

431. "Remember to always be yourself. Unless you suck." — Joss Whedon

432. Resistance isn’t futile, it’s voltage divided by amperage.

433. Roses are #FF0000, violets are #0000FF, all of my base are belong to you.

434. Save the whales. Collect the whole set.

435. Save water – take a bath with your neighbor’s daughter.

436. Send lawyers, guns and money!

437. Sex is like air; it’s not important unless you aren’t getting any.

438. Sex is not the answer. Sex is the question. Yes is the answer.

439. Sex on tv can’t hurt unless you fall off.

440. Sleep: a completely inadequate substitute for caffeine.

441. Smile, it’s the second best thing you can do with your lips.

442. Smith & Wesson: The original point and click interface.

443. "Smoking is one of the leading causes of statistics." — Fletcher Knebel

444. "So the best way to be happy, is to make the other person happy." — Dalai Lama

445. Software isn’t released, it’s allowed to escape.

446. "Some cause happiness wherever they go. Others whenever they go." — Oscar Wilde

447. Some mistakes are too much fun to only make once.

448. Some people wish to get what they deserve, while others fear the same.

449. Sometimes a majority only means that all the fools are on the same side.

450. Sometimes the best helping hand you can give is a good, firm push.

451. Spelling is a lossed art.

452. Stop searching. Happiness is right next to you.

453. "Stupidity, if left untreated, is self-correcting." — Heinlein

454. Support your local Search and Rescue unit. Get lost.

455. Sure, when… – oink flap oink flap – well I’ll be darned!

456. Systems aren’t made from metaphors, paradigms and methodologies. They’re made from code, wires and hardware.

457. Tact is the art of making a point without making an enemy.

458. Take it easy, and if you get it easy take it twice.

459. Talk sense to a fool and he calls you foolish.

460. Teamwork is essential – it allows you to blame someone else.

461. The ability to quote is a serviceable substitute for wit.

462. "The afternoon knows what the morning never suspected." — Cousin Woodman

463. The beatings will continue until morale improves.

464. "The best cure for insomnia is a Monday morning." — Sandy Cooley

465. The best things in life aren’t things.

466. The chance of a piece of bread falling the buttered side down is directly proportional to the cost of the carpet.

467. "The computer was born to solve problems that did not exist before." — Bill Gates

468. "The difference between genius and stupidity is that genius has its limits." — Albert Einstein

469. The difference between pornography and erotica is lighting.

470. The doctors X-rayed my head and found nothing.

471. The dumber people think you are, the more surprised they’re going to be when you kill them.

472. The early bird may get the worm, but the second mouse gets the cheese.

473. "The first time I see a jogger smiling, I’ll consider it." — Joan Rivers

474. The future will be better tomorrow.

475. The Killer Ducks are coming!

476. The man who is swimming against the stream knows the strength of it.

477. "The man who smiles when things go wrong has thought of someone to blame it on." — Robert Bloch

478. The man who strikes first admits that his ideas have given out.

479. "The most exciting phrase to hear in science, the one that heralds new discoveries, is not ‘Eureka!’, but ‘That’s funny…’" — Isaac Asimov

480. The only certain thing in life is death.

481. The only job you start at the top is digging a hole.

482. The only really decent thing to do behind a person’s back is pat it.

483. "The only reason some people get lost in thought is because it’s unfamiliar territory." — Paul Fix

484. "The only thing necessary for the triumph of evil is for good men to do nothing." — Edmund Burke

485. The only way to entertain some folks is to listen to them.

486. The only way to get rid of a temptation is to yield to it.

487. "The optimist proclaims that we live in the best of all possible worlds; and the pessimist fears this is true." — James Branch Cabell

488. The person who knows how to laugh at himself will never cease to be amused.

489. The problem with the future is it turns into the present.

490. "The pure and simple truth is rarely pure and never simple." — Oscar Wilde

491. The repairman will never have seen a model quite like yours before.

492. The revolution will not be televised.

493. The reward of a thing well done is to have done it.

494. The severity of the itch is inversely proportional to the ability to reach it.

495. The shortest distance between two points is under construction.

496. The sooner you fall behind, the more time you’ll have to catch up.

497. The Stock Market always does what you think it will, but rarely when.

498. The surprising thing about young fools is how many survive to become old fools.

499. The trouble with ignorance is that it picks up confidence as it goes along.

500. The truth is what is; what should be is a dirty lie.

501. The voices in my head may not be real, but they have some good ideas!

502. The web isn’t better than sex, but sliced bread is in serious trouble.

503. There are 10 types of people, those who understand binary and those who don’t.

504. There are no short cuts to any place worth going.

505. There are three kinds of lies: Lies, Damn Lies, and Statistics.

506. There are three types of people – those who can count and those who can’t.

507. "There are two major products that come out of Berkeley: LSD and UNIX. We don’t believe this to be a coincidence." — Jeremy S. Anderson

508. There are two types of people – those who divide people into two types, and those who don’t.

509. There is no such thing as a stupid question, just stupid people who ask questions.

510. There is no such thing as an atheist in a foxhole.

511. "There is no such thing as death, life is only a dream, and we are the imagination of ourselves." — Bill Hicks

512. There is no time like the pleasant.

513. There’s a fine line between fishing and just standing on the shore like an idiot.

514. There’s too much blood in my alcohol system.

515. They call it "pms" because "mad cow disease" was already taken.

516. They’re only trying to make me LOOK paranoid!

517. Think much, Speak little, Write less.

518. This sentence contradicts itself — no actually it doesn’t.

519. This website may not be idiot proof, but at least it’s dimwit resistant.

520. This will be a memorable month — no matter how hard you try to forget.

521. "Those people who think they know everything are a great annoyance to those of us who do." — Isaac Asimov

522. Three may keep a secret, if two of them are dead.

523. Time flies like a bullet. Fruit flies like a banana.

524. To be is to do – Socrates, To do is to be – Sartre, Do be do be do – Sinatra

525. To err is human, to arr is pirate.

526. To err is human, to forgive highly unlikely.

527. To err is human, to really screw up requires the root password.

528. To err is hunam.

529. To generalize is to be an idiot.

530. To steal ideas from one person is plagiarism; to steal from many is research.

531. Today is the first day of the rest of this mess.

532. Today is the tomorrow you worried about yesterday.

533. Today’s children would be less spoiled if we could spank grandparents!

534. Tomorrow will be canceled due to lack of interest.

535. Too bad all the people who know how to run this country are busy running taxicabs or cutting hair.

536. "Too much of a good thing is wonderful." — Mae West

537. Too much of everything is just enough.

538. Tracers work both ways.

539. Trying is failing with honors.

540. "Two possibilities exist: Either we are alone in the Universe or we are not. Both are equally terrifying." — Arthur C. Clarke

541. Two wrongs don’t make a right, but three lefts do.

542. Two wrongs don’t make a right, but three will get you back on the freeway.

543. Two wrongs don’t make a right, but two Wrights made an airplane.

544. Unix is user friendly – it’s just picky about its friends.

545. Veni, vedi, visa. I came. I saw. I did a little shopping.

546. Veni, Vidi, Velcro – I came, I saw, I stuck around.

547. Vidi, vici, veni. I saw, I conquered, I came.

548. Viewer discretion may be advised, but it’s never really expected.

549. "War does not determine who is right – only who is left." — George Bernard Shaw

550. Warning: Dates in calendar are closer than they appear.

551. Wasting time is an important part of living.

552. We all can’t be heroes. Somebody has to sit on the sides and clap as they go by.

553. We found Jesus – he was behind the sofa all along.

554. We live in a society where pizza gets to your house before the police.

555. Welcome to Hell. Here’s your copy of Windows ME.

556. Welcome what you can’t avoid.

557. What happens if you get scared half to death twice?

558. What has been seen cannot be unseen.

559. What the hell, go ahead and put all your eggs in one basket.

560. What we anticipate seldom occurs; what we least expect generally happens.

561. Whatever happens, ignore it all.

562. When a man steals your wife, there is no better revenge than to let him keep her.

563. When all else fails, admit i’m right and kiss my ass.

564. When blondes have more fun, do they know it?

565. When everything’s coming your way, you’re in the wrong lane.

566. When I am sad, I sing, and then the world is sad with me.

567. "When I die, I want to go peacefully like my Grandfather did, in his sleep — not screaming, like the passengers in his car." — Jack Handey

568. When I was young I was told that anyone could be president. Now I’m beginning to believe it.

569. When in doubt empty the magazine.

570. When in doubt, do what the President does. Guess.

571. When in doubt, poke it with a stick.

572. When it’s dark enough you can see the stars.

573. When someone points skyward, it’s the fool that looks at the finger.

574. When the pin is pulled, Mr. grenade is not our friend.

575. When vultures fly, are they allowed carrion luggage?

576. When you are in it up to your ears, keep your mouth shut.

577. When you don’t know what you are doing, do it neatly.

578. When you have nothing to say, say nothing.

579. Which is worse: Ignorance or apathy? Who knows? Who cares?

580. While having never invented a sin, I’m trying to perfect several.

581. Who are these kids and why are they calling me mom?

582. Whoever said nothing was impossible never tried slamming a revolving door.

583. Why buy shampoo when real poo is still free.

584. Why do they use sterile needles for lethal injections?

585. Why is the alphabet in that order? Is it because of that song?

586. Wise people think all they say; fools say all they think.

587. With a rubber duck, you’re never alone.

588. With sufficient thrust, pigs fly just fine.

589. Work harder: millions on welfare depend on you.

590. Work is the curse of the drinking class.

591. Worry does not empty tomorrow of its sorrow. It empties today of its strength.

592. Worry is a misuse of the imagination.

593. Worry is like a rocking chair; it keeps you busy, but gets you nowhere.

594. XML is like violence. If it doesn’t solve your problem, you’re not using enough of it.

595. "Yesterday is history, tomorrow is a mystery, and today is a gift; that’s why they call it the present." — Eleanor Roosevelt

596. You are only truly in control of your life when you accept you are not.

597. You can do more with a kind word and a gun than with just a kind word.

598. You can observe a lot just by watching.

599. "You can only live once, but if you do it right, once is enough." — Mae West

600. You can tune a piano, but you can’t tuna fish.

601. You do not need a parachute to skydive. You only need a parachute to skydive twice.

602. You don’t have to explain something you never said.

603. You don’t learn anything the second time a mule kicks you.

604. "You have enemies? Good. That means you’ve stood up for something, sometime in your life." — Winston Churchill

605. "You laugh at me because I’m different. I laugh at you because you’re all the same." — Jonathan Davis

606. "You may delay, but Time will not." — Benjamin Franklin

607. You will be a winner today. Pick a fight with a four-year-old.

608. You’re driving a car. It isn’t a telephone booth, a beauty parlor or a restaurant.

609. You’re just jealous because the little voices only talk to me.

610. You’re not drunk if you can lie on the floor without holding on.

611. You’re only young once, but you can be immature forever.

612. Your true value depends entirely on what you are compared with.

Source:  Vegard Skjefstad

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About me: I give Economic, Social and Global trend briefings from some of the world's brightest minds at my blog http://saveriomanzo.com/ and http://saveriomanzo.blogspot.com/. I also provide true and tested financial planning and wealth advice. Most recently, over the past few years, I have become socially conscious and have been attempting to practise ways in which I can live my life more environmentally friendly.   Along with some truly exceptional friends, we provide consulting and business development for small-medium sized businesses.  In addition, I truly believe in being philanthropic, giving and doing unto other as we would have them do unto us. Some of my fondest resources are from Barry Ritholtz of The Big Picture, David Rosenberg and what Warren Buffett of Berkshire Hathaway is up to behind the scenes, as an example. saverio manzo

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