This Thanksgiving, I'm going to have about 10 friends for dinner. I hope they taste good.
Normally, I would post some sage financial analysis junk to make everybody think I know something I truly don’t. But this time, I’m going to post another kind of sage. Here’s a little ditty I wrote about how to prepare a turkey feast. I left out the list of materials, you can ferret it out from the directions.
(I can’t resist it: go look at GDX and ANV—I like them both. (Disclaimer I just entered ANV long. I think their levered cash flow is negative because of the investment they’ve just made in a new mine.)
0. The night before, tear up the bread into pieces no bigger than ¾ inch square, into the black turkey pan while you watch the football game. There may not be a live one, so be sure you’ve got one on tape. Football is necessary. Put the top on the pan, but don’t seal. We want the bread a little stale. Bake the pumpkin pies. Use the recipe on the back of the Libby’s can, but substitute dark brown sugar. Add extra pumpkin pie spice, maybe 2X the amount on the recipe. Mix one package of Lipton onion soup with the sour cream. Cover and refrigerate until tomorrow.
1. Get up at 6:00. AM. This is a requirement. Without doing this, it won’t be Thanksgiving.
2. Pour 2 ounces of Vodka in a glass. Add Ice. Sprinkle Tobasco sauce. Fill with Bloody Mary Mix. Open one pack of celery. Cut off the end of a piece, and stir the mix. Drink..
3. Turn on the oven to 350. Bake the Costco apple pie for 1 hour on a cookie sheet.
4. Open the turkey and wash it out. Remove the giblets and boil for about 20 minutes. Watch out, because they boil-over really easy! Don’t boil the neck. Save the water, but throw the giblets away. You’ll use the water in the stuffing..
5. While the giblets are boiling peel and chop the onions and about 12 stalks of celery. Mix with the broken bread in the black pan. I guess for the 2 loaves of bread, about 5-6 cups of chopped onion and 3-4 cups of chopped celery is about right. I like more onion than celery.
6. Add seasoning. I start with one heaping tablespoon of Bell’s for each ½ loaf of bread. If you used both loaves, that’s 4 heaping tablespoons of Bell’s. Add 1 teaspoon of salt, and ½ tablespoon of pepper. Mix well. Pour in some of the water you’ve saved from the giblets, and make the bread squish together. It takes less water than you may think, so start slowly and mix as you go until you get everything to kind of stick together. Don’t make it soupy, but too dry isn’t good either. Taste. Add salt, pepper and Bells as you think necessary. I usually end up adding more of everything. When the flavor “dances” on your tongue, you’ve got it right. Don’t add butter, it will be just fine. Don’t add raisins, don’t add nuts.
7. Repeat step 2.
8. In the sink, stuff the bird’s butt end first. Pack the stuffing in pretty good. Cookbooks you read tell you to pack it loosely, but don’t. It should use about ½ the stuffing there. Sew it closed with the laces or needles. Stuff the bird’s neck end second. Use ¼ of the stuffing there. Sew it closed.
9. Put the rest of the stuffing in a Corel or glass pan. Sink the turkey neck in the middle, and make little “dimples” with your thumb. Fill the dimples with marjorine. After you get some juice from the turkey, squirt it in to this pan. Cover with foil and bake for 1 hour.
10. Preheat the oven to 450 (hopefully you’ve removed the stuffing and the pie you were baking—if not, repeat step 2). Rinse the black pan. Put the turkey in, baste the outside with butter, cover loosely with aluminum foil. Leave a small hole , don’t cover completely to let some of the steam escape.
11. Put the turkey in the oven. Lower the temp to 350. It’s best if you close the oven door.
12. Repeat step 2.
13. Repeat step 2.
14. Bake the bread, use the breadmaker and just pour in the mix.
15. Repeat step 2. Bring out the chips and dip, and mix ½ the jar of horseradish with a rice-bowl full of seafood sauce, and put out the shrimp. Turn on the football game.
16. I baste the turkey with the juices about every hour. They make these “bulbs” that will suck up the juice, and I squirt that on the turkey. Replace the aluminum foil as necessary to keep it covered. I bake it for about 25-30 minutes per pound. Actually, I bake it until one of the legs relaxes and separates from the body. If it’s not brown, remove the aluminum foil for 20 minutes or so. Mine always browns up just fine when cooked covered.
17. Wash and peel the potatoes, cut into ¼ or 1/5. Boil until tender (25-35 mins)
18. Put the green beans in a glass dish, and mix in the can of mushroom soup. Add some water to make it moist, but not too “soupy”. Salt and pepper to taste. Bake at 350 for 15 minutes after the bubbling starts. Sprinkle the French’s fried onions on top and bake until they brown, and everything’s bubbling.
19. Boil the peas. Salt. If not Green Giant brand, add butter.
20. Cook the squash. I don’t remember how, but I don’t care. Anyway, add a little dark brown sugar. It helps.
21. Drain the potatoes, add a lot of melted butter and about ¼ cup of warmed milk (microwave) and use your mixer to whip the potatoes. Cover and salt and pepper to taste.
22. Repeat step 2.
23. Remove the turkey. It will probably take 2 people, with 2 pancake turners each to get it out. Don’t worry about leaving some behind, it helps the gravy. Cover the turkey with aluminum foil. Mix 2 heaping tablespoons of cornstarch in a glass of water, and add slowly to the turkey drippings. Add ½ teasponn of salt, and 1 teaspoon of pepper, and cook for a few minutes (10 or so), constantly stirring. This actually accomplishes 2 things: it helps get the stuck stuff off the pan so washing’s easier later, and breaks up the leftover stuffing and turkey to mix in the gravy. Taste, add more salt and pepper to taste. Taste often. It’s fun.
24. Sit down and eat. Eat more. Serve the pies with Ice Cream and Reddi-Whip.
25. Let somebody else do the dishes.
26. Repeat step 2, and excuse yourself, closing the bedroom door behind you.
http://online.wsj.com/article/SB10001424052970204630904577055590007145230.html
ReplyDeleteThe German government was able to sell only €3.644 billion ($4.92 billion) of the €6 billion in 10-year bunds on auction for an average yield of 1.98%. Observers said the result was the worst in recent memory for a German government-bond sale.
Getting ever closer.. sigh. Time to print Euros right?..
Rock - I have numbers 2 and 25 covered, the rest not so much.
ReplyDeleteI put both GDX and ANV on my list of things to watch, I will start my own due diligence on them and go from there, thanks
Mutt
@Mutt:
ReplyDelete2 is the most important step.
@WolfStreet:
Time to buy SKF.
Rock is long that one. Have been for awhile.
@Rock,
ReplyDeleteAnd all Amerikan friends:
Have a great Turkey day!
And shop, shop, shop till you drop!
ICan
31% of all turkey consumption happens during the Thanksgiving holiday.
ReplyDeleteTryptophan, here I come!
Quite the little sell off today! As mentioned, 1160/1170 can provide support. If 1160 breaks, I think we may see 1130 in no time.
ReplyDeleteGreat post, Rock!
ReplyDeleteOn another note, whither the annual Santa Rally or is that still coming? Looking pretty ominous to me on many fronts.
Bloomberg changed their numbers. Now they're saying the US Dept. of Ag. reports 1/6 of all turkeys are consumed during Thanksgiving.
ReplyDeleteIf I were a member of Congress, I'd be worried right now.
Mannwich - Because are ass-tute leaders at the Fed, WA D.C. and Wall Street seem to believe the stock market doing well = the economy doing well, I strongly believe Santa will mount up Rodulph and sprinkle magice Christmas dust all over the place and we will get (Albiet a short) a Santa Rally.
ReplyDeleteMangy Mutt
GROUPON is now below its IPO price. That didn't take long.
ReplyDeleteVery instructive chart. Austerity measures contributing to the recent drag on the economy. Keep it up, guys, and we will get a GDII. Maybe that's why nobody decent in the GOP (if there's any left) wants to run for prez? They likely know that things are really going to suck even for the next four years, so why dive in now and get blamed?
ReplyDeletehttp://krugman.blogs.nytimes.com/2011/11/22/the-big-drag/
HEY YOU!!!! MANNWICH DUDE - Who you calling "Nobody Decent"
ReplyDeleteWhy I am going to have Sarah Palin as my running mate and you will see how quickly we will turn the U.S. of A around.
NEWT FOR PREZ 2012
Mutt
Oh God, no. Not Newt.
ReplyDelete@Mannwich: Your 10:52
ReplyDeleteI had the opportunity to talk to a couple of people who were in Obama's organization, and one who was asked but declined (unlike Tiny Tim, right?). According to them, you have hit the nail square on the head.
Is that right, Rock? Very interesting....
ReplyDeleteWhy else )other than some big personal baggage that would come out) would so many would-be contenders in the GOP be sprinting away from this election, especially with such a weakened incumbent?
Wholesale prices of turkeys spiked to 1.19/lb. I lucked out and got my 23 pounder for 0.49.
ReplyDeleteFeed prices are up.
Just wanted to let you guys know my wife has nice buns.
ReplyDeleteYup she made them last night and I took some to work with me today, I hope there are still some left for tomorrow.
Mutt
@Rock,
ReplyDelete"The real cost of a thanksgiving dinner"-bloomberg.com
13% higher this year.
Cam Hui @ Humblestudentofthemarkets
ReplyDeleteNice chart in the latest post.
And from the comments section,"The stock market will see an important intermediate term bottom in the next 3-6 months. In the mean time it looks like we are going down". This was posted this morning at 7:57 am.
OK everyone is bearish. So maybe all bad news is already priced in.
So we bounced off a fibo number - close to 1158 - see Corey at Afraidtotrade blog.
Sonny, back in my day, German bunds were actually worth a damn.
ReplyDelete(way to control the situation, Angela)
@Emmanuel117
ReplyDeleteBack in my day, German bunds were always broader than Swedish bunds. But now, I'm kinda used to Asian bunds. But I'll bet Mutt's wife's bunds are really good too.
Happy Thanksgiving, everybody!
@All: Wish you a Happy Thanksgiving :)
ReplyDeleteHappy Thanksgiving Day all!
ReplyDeleteI'm not insane after all. Even mainstream peeps are now saying this about our banking industry, whereas I've been saying it since '07-'08. In short, the current global financial system is one gigantic scam and built mostly on legalized fraud. And we the people are the dupes. I find it VERY interesting that people are opening talking about this now.
ReplyDeletehttp://krugman.blogs.nytimes.com/2011/11/23/a-gigantic-scam/
Happy Thanksgiving everyone!!!
ReplyDeleteRock, that's quite a list!! Luckily I have a mother in law who hails from the South so we get a nice traditional, kick ass, country Turkey Day! Home made pies, cookies, stuffing, you name it. Nothing out of a can! Got in to PS last night and I'm still bursting at the seams!
Mannwich (11:47) While you know you were and have been correct about the legalized fraud that has been permitted to take place and it is nice to see J6P public starting to take notice; However I have to call into question your statement "I'm not insane after all"
ReplyDeleteHmmmmmmmm Yea OK we will take your word for it..... NOT!!!!
:)
Mangy Mutt
Thor - It is nice to hear you are getting some great home cooked meals there is nothing better then friends, family and fine food.
ReplyDeleteSo last night my wife made the dough so she could make fresh rolls this afternoon and since all the metal bowls were being used, she the dough in two large plastic bowls and put them in the oven (Which was off) so it could rise.
This morning I got up and started to pre-heat the oven at 450, but of course did not check inside the oven.
If she did not notice the oven was on, we would have had a Thanksgiving to remember....
Mutt
Mutt - Hah, that sounds like something I would do. I'm not really allowed to touch many things inside the house, and definitely not the kitchen. I'm in charge of the yards :-P
ReplyDeleteOMG there's a giant Apple Pie sitting on the kitchen counter and I want it so bad. Mom in law takes the leftover crust and bakes that with cinnamon and brown sugar as snacks.
ReplyDeletenom nom nom
Thor - Stop all this talk about yummy food.
ReplyDeleteI am so stuffed it is not funny and I still need to take care of step number 2 in Rock's Thanksgiving instructions and here you are talking about Home Made Apple Pie with Cinnamon, my intestine is not happy with you, but it won't be getting as mad as my liver is going to get with Rock.
Mutt
So
ReplyDeleteFull
OK Back to work, everybody.
ReplyDelete@Mannwich: IMHO, your insanity lends great support to the psychological aspect of the market that we really need to heed the financials to play this game. Since I listened to your inputs, and to what's her name's inputs, I watch the major financials as a tell on the market direction. For example, I am long and have been long for awhile SKF. Not that our banks are as worse off as Europe's, but they are for some reason (a) liars and (b) trading in lockstep with the liars from Europe.
So just keep on keeping watch for us. Please.
@Mutt:
I did that once. The plastic is truly difficult to remove from the oven grates, but in a self-cleaning oven it's pretty easy to remove from the black surface of the oven. I had to buy one new grate. Just great.
"Italy’s two-year bonds yielded a euro-era record 7.82 percent, almost 50 basis points more than 10-year notes."
ReplyDeleteSame old..
UUP is up, maybe from the Italian bonds. I heard that 7$ was the limit for the bonds where they will need a bailout. I'm not sure how long they have to remain at 7$, tho.
ReplyDeleteI'm trying to help the Italian economy.....I just bought a 4-pack of Kirkland cheese pizza.....
Make that 7%. Touch typing again....
ReplyDelete@Rock,
ReplyDeleteHope you didn't pepper spray someone!
ICan
Perhaps we will get a year-end rally and then dive.
ReplyDelete"SocGen: 2012 looks like a repeat of 2009"-businessinsider.com
Bust in the Q1 2012, then boom.
ICan
Morning Everyone.
ReplyDeleteI am not surprised that the market is up, we have had a pretty steep sell off, people are not trusting the bonds coming out of Europe and need a place to put their money and HFT want to Buy BUY BUY.
So the question I have is does anyone have any thoughts on this current rally? Is it real, is this a good point to jump in or is this rally going to fade and we are going to get back to selling?
Mangy Mutt
@Mutt:
ReplyDeleteSee the new post. It's available now.
Ha Mutt! You're right. I may well STILL be insane in other ways. Good point.
ReplyDelete