NOVEMBER 5, 2010
Upland game hunting season starts Saturday, November 6, 2010, which also happens to be day two of the Breeder’s Cup Horse Racing Championships. I will not be around to write on Saturday but I will tout some horses later in today’s column.
The Federal Reserve is getting back into the economy, shaking up free enterprise. Isn’t it funny how Obama had the Fed wait until after the election but that is probably just a coincidence.
David Cassidy waited until after the election to get arrested in Florida. Said he was tired from an early morning funeral he attended. It must have been an Irish Wake.
George “Sparky” Anderson , rest in peace. You were a class act. He was the first Major League Baseball manager to win a World Series in both leagues. Tony LaRussa has since matched that feat. ‘Sparky’ was a class act in an industry filled with classless people. ‘Sparky’ you will be missed. The great ones are leaving us fast.
Let me get a grip on this. The FED, which does not manufacture anything and, therefore, its only source of revenue is borrowing, is going to buy up 600 billion dollars of its own debt. So, the FED borrowed money by issuing bonds; it is now going to buy back some of those bonds to free money up for Wall Street firms. The FED borrowed money, paying interest, to buy its own securities thereby paying itself interest. This sounds like a bailout in the making. Leave the free enterprise system alone. Wall Street should live or die on its own dime not taxpayers dime.
The stock market is doing just fine. It usually does around election time. As I remember it, from my days at Illinois Wesleyan University, so the memory could be fuzzy, the first time the stock market broke 1,000 was the day before the 1976 election when Wall Street thought Gerald Ford would beat Jimmy Carter in the presidential election. Wall Street lived through that mistake and the country survived the Carter Administration, so I think we will survive this without the FED artificially propping up the markets.
The World Championships in horse racing begin today. The Breeder’s Cup has six races today. They will be shown on ESPN 2 starting at 3:30 p. m. eastern time. Today’s races and my picks are; (post times are projected Eastern Time)
1. Breeder’s Cup Marathon 1 3/4 miles 4:10 pm #12 A.U. Miner
2. Breeder’s Cup Juvenile
Fillies Turf 1 Mile 4:50 pm # 10 New Normal
3. Sentinent BC* Filly
and Mare Sprint 7 Furlongs 5:30 pm # 3 Secret Gypsy
4. Grey Goose BC* Juvenile
Fillies 1 1/16 miles 6:10 pm #7 Izshelegal
5. Emirates Airline BC*
Filly and Mare Turf 1 3/8 miles 6:50 pm #7 Midday
6. BC* Ladies Classic 1 1/8 miles 7:45 pm #10 Blind Luck
* Means Breeder’s Cup
Occasionally, horses get scratched before a race even though they are entered in the race. That will not change the rest of the rest of the horse’s numbers but the scratched horse will not run. The post positions will be moved but not the lineup order of the horses. Turf means the race is on the grass. Sometimes races are moved off the grass if the grass is too slippery. Fillies and Mares are female horses. A furlong is 1/8 of a mile.
The remainder of the Breeder’s Cup Races will be run on Saturday beginning at 1:50 pm Eastern Time. They will be televised on ESPN and ABC. I will post my picks by 1:00 pm tomorrow.
BRUCE A. BRENNAN
DEKALB, IL 60115
COPYRIGHT 2010
Email: brucebrennanlaw@aol.com
