December 16, 2004
Hello,
Today is the 60th anniversary of the battle of the bulge and that brings to mind a few lessons about war. The war in Europe was considered over then out of nowhere in one of the worst winters, with no air cover the Germans attacked with troops they weren’t supposed to have, with equipment they were not supposed to have, to win a war that was considered lost. Our troops were unprepared, our Generals were considered incompetent, our supplies were wrong, our equipment was poor, and our infantry was in short supply. Seems the problem with wars is that the enemy gets in the way of our best laid plans.
By the way the congress approves all military spending, allocates all the money and overseas how the money was spent, and reviews all the intelligence. Criticizing the secretary of defense or anyone else for that matter for congressional failings is a bit offensive. Congress needs to contribute more than ,telling the public to go about your business after 9/11,while they take time off and run home to hide ,but only after giving themselves an other pay raise.
It is office party season, who got invited to what? Did you get invited? Seems the party these days on Wall Street is the erge to merge, Johnson and Johnson eyes Guidant, Nextel courts Sprint, but wait now maybe it is Verizon ,Symantec goes after Veritas and Oracle finally gets with People soft and so it goes. What does all this tell us about the market, seems the big money sees a lot of bargains out there and so should you.
Bernard Kerik recently stepped aside as the Presidents nomination for Home Land Security Czar it seems he is being accused of being involved in a bum Real-estate deal, two extra marital affairs, polygamy, ties to the mob and an undocumented alien nanny, sounds like a good candidate for the next Governor of New Jersey.
Happy Holidays!
James
www.jamesfoytlin.com
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