I'm wondering if Alstry's 11.08.09 Zombulation day will be anywhere near as bad as today 10.30.09? But no matter what happens on 11.08.09, the real event (as I've posted OVER and OVER and OVER again) is 12.08.09!
It's official. Thanks to no one, but my own genius, 12.08.09 will now be known as (drum roll please) "Crapulation Day" - A day when everyone realizes their in deep crap. [more]
The importance of this date can not be overstated. The facts are piling up so high and are so obvious, that I will not even write them down. However, 12.08.09 does not have a good name yet. I'm am asking you, my fellow fools, to come up with a name of equal weight and importance as the "Zombulator". [more]
I told you EXACTLY what I was doing and when. [more]
In reference to one of my favorite posters (Alstry) who has predicted some type of event on 11.10.09, I feel it is time to tell everyone about 12.08.09 [more]
Anyone can get lucky and pick stocks correctly, but luck runs out sometime. [more]
I said I'd buy into this market if the S&P dropped by 1.5% today. It did, I'm in and so should you.
As I said last week - and repeated yesterday - this drop in the market is expected, but will be much smaller than the doomsayers would like you to think. You can read through my previous blogs to see exactly what I predicted and why. I'm buying into this market if the S&P drops by more than 1.5% today.
Good luck and good investing!
Overall, I'm pretty pessimistic on the US economy. But even during the Great depression, there was money to be made in bull runs, and we are fast approaching the next one. [more]
My latest blog post explaining why the Yankees are NOT free market mesiahs.
One of the great mistakes made BEFORE the Great Depression became the "GREAT DEPRESSION", was the Smoot-Hawley Tariff Act. The concept was so simple, raise prices on imported goods and this would benefit domestic producers. The inevitable reaction from other countries was to do the same thing to us, and we ended up with retaliatory tariffs enacted around the world. Trade dropped precipitously and jobs were lost. We've been told that our leaders have learned this lesson. In fact, its one of the few economic accurate economic lessons you still learn in public schools. [more]
I got the idea to write this blog post after reading TMFDeej's post entitled "How Uncle Sam is killing your savings". [more]
We continue to see reality all around us. Unemployment up and soon to pass 10%. Profits are down. Loan losses are piling up. The bears have all the facts on their side - except one! It's not enough to be right. [more]
It's a sad fact that so few politicians care to admit. The table pretty much sums up the reality we face in the US economy today.
I strongly believe this market will push higher - can you say S&P 1150 - before the year is done. However, late October is going to be a time for traders to make a few bucks on the short side. As I write this SDS is at $37.43. It will break $40 within the next week - and possible $44 by the end of the month.
We all know the saying "You can't time the market" and investors that try will LOSE to the market. [more]
For all you followers of Peter Schiff - I can tell you unequivocally that he is wrong. Mr. Schiff continues to fail to take into account market psychology. Yes, Schiff is totally right when he speaks about the fundamentals, but a person who does not invest ALSO with psychology will be left out on the lurch. [more]
The less bad is good argument is a strong pschological driver, making fund managers more than willing to buy nearly anything on the stock market in hopes of getting in on the next bull market. To be fair, if inflation occurs the stock market needs to readjust its prices to reflect that - and since the March lows of the S&P, the dollar index is down 14% - so one could argue this run isn't 55% off the lows, but 41%. [more]
On my blog I compare current unemployment rates and state tax rates. It's quite enlightening when the facts are presented without spin.
I screwed up the last blog by mentioning INVESTING. Of course everyone jumped on dividends. This blog is NOT about INVESTING, it is about comparing the VALUE of the DJIA in 1929 to the value today. [more]
Long term investing in America doesn't work.
FACT - at the DJIA peak in 1929 the value of the entire index was worth a little over 18 oz of gold.
FACT - today, the DJIA is worth a little over 9 oz of gold.
If 80 years isn't LONG TERM investing, I don't know what is. Buy gold - you won't get rich, because gold is a store of wealth, but you'll do better than buying into the DJIA.
Market timing is very difficult (really it's luck), but that doesn't mean just throw all your money in at one time. I saw the end of the good days when, in 2007, the DOW broke 12,900 - and I was out of there. I put everything in cash and didn't get back in until late November 2008. [more]
One of the best advances the stock market has made are ETF's - they allow you to invest with common sense. [more]
A simple message to everyone who thinks the government must run huge deficits to fill the spending gap left by consumers: [more]