Thursday, April 23, 2009

A Cycling Milestone, But not a Good One

I popped my cycling cherry today. Got hit by a car. Was fairly wicked but I escaped relatively unscathed. Was riding on Merrick Ave., which is a very busy road, and an older guy drilled me in the rear (that's what she said). He apparently never saw me because he kept going. But his mirror and all the guts of the socket that hold it into car ripped straight off and were lying on the road. I flipped over on my bike, landed on the side of my ass and my bike flew onto the sidewalk. Some guy was nice enough to track down the driver's car and get the license plate number. The cops went to his house and said the driver was just plain old. An ambulance came to check me out. I was fine except for some road rash and some pain where the guy hit me. Also, my ankle hurt a bit because I was clipped into the pedals and the bike kind of rolled over my ankle/leg. I kept my sense of humor through the whole thing though. The EMT took my bloodpressure and was shocked it was only 130/80. I told him I felt pretty lucky to be walking away from the accident was probably the reason I was so calm. Plus I said getting questioned by my mom about it was going to hurt more than getting hit by the car itself.

I'll probably be pretty sore tomorrow but at this juncture I'm planning on doing my weekly ride Saturday.

Saturday, April 11, 2009

50% Retracement

What do you get when you mix the most oversold stock market conditions in history with bottomless stimulus and a bottoming economy? You get the mother of all 50% retracements that will likely lead the S&P to the 1,000 range (or even higher) and suck everyone back in for the next leg down. Believe me, I'm bearish longer term because I think demographics make our fate inevitable, but you have to listen to the market. The market is telling you it believes the worst is over. Now you may disagree, but it's going to pay to voice your opinion later rather than sooner. The market will tell you when it's topping and ready to head back down. Until then, BUY MORTIMER BUY!!!!