Well after the elections I thought congress would be able to put partisanship aside and focus on what's best for the country. What a naive, innocent, optimistic, notion. I've now put my trailing stops on everything in anticipation of Congress screwing the American people yet again. The spirit of compromise went away very quickly and partisan rhetoric now rules the legislative hallways again. This is not a time for heroes in the market. Take your profits and lick your wounds. This is going to get ugly boys and girls. But I sure hope I'm wrong. [more]
Greece still needs money!
It's all too easy to bash politicians. Every armchair in the USA has some critic who thinks they can run the country better than the current office holders. They throw around a few controversies and point and shout to all those who will listen about the injustice and treason. But the truth is politics all starts with a highly subjective series of well established opinions that we've developed over the years, sometimes even before voting age. Then we all put on our blinders and complain about the lack of vision from the other side. So the sad fact is we are all the problem. We can move beyond this petty partisanship only if we all begin to understand that "We The People" doesn't just include supporters of one party or another. I personally will not feed into this cycle of hate and therefore won't be bashing one side or another. If we expect our politicians to work together and put the country ahead of their own partisan self interests than maybe the people must lead as democracy intended? Maybe it's up to us to begin encouraging solutions and compromise instead of trying to maintain petty partisan fighting between our fellow Americans through bashing one side or the other? Just maybe if the people lead our leaders might follow? Always the optimist I know, but that's the kind of world I want. What kind would you want for yourself and your kids? Unity or division, the choice is yours. [more]
Last Friday I put signifficantly more money to work in the market. See my article about buying more Apple on that day at $510. I did so becuase I believe we had our Mario Draghi moment where our politicans are going to do "whatever it takes" to avoid the fiscal cliff. Democrats need to get this done or else they will be seen as failing to deliver. Republicans need to get this done since polls show that they would be blamed by the majority for obstructing if it doens't get solved. Republicans have learned that they cannot ignore polling like they did during the election. Therefore I beleve that this issue will be solved in a satisfactory manner here in the very near future (within a month). [more]
I was one of the lucky ones. I got my first Mac back in 2000 right when they introduced the "Clamshell" laptop computer. I still own it as a matter of fact. I was sold on the product, software, and future for Apple from that day forward. Apple was the first stock I ever bought and still hold. [more]
The short answer is yes. We have clarity. We have a clear direction in policy. We know what The Fed will be doing. We know Europe is still messed up but subtract Greece and it's not looking half as bad as it was in May. We know a lot of things we didn't know one month ago. The time to focus on what we do not know is over. The time to focus on what needs to be done collectively is here. I believe that for the first time in four years the political climate will allow that to happen. We actually might come to a consensus on how to govern our economic situation. If that happens then it's off to the races. That's why I'm beginnig, for the first time in months, to add new positions to my real life portfolio. These are all short term buys with a window of one year or less. I know at this point it's still highly speculative. However, I'm seeing bargains in this market that I simply cannont pass which is providing me with a bit of confidence. When you're able to buy companies at or below book value, with dividends, good growth rates, and pratically zero debt then you're foolish not to pull the trigger. That's exactly what I'm doing here. Loading up on quality (solid blue chips) first. Next will come the real specualtion (materials, cyclical, transportation, capital goods, etc.) once the market starts confirming my thesis. Once again, these are just my thoughts and I'm not always right so please understand this is only my opinion. Never ever base your investment decisions on just one persons opinion. [more]
I've been reviewing quite a few members and their picks and noticed two very dangerous trends. Many investors who claim to have "Low" experience are playing the Pinks and OTC's. Also, these investors have too large a number of short positions for a beginner's portfolio and many of these shorts seem highly speculative in nature. [more]
Billions of wasted dollars on hateful advertising that only serves to divide America. Your fellow American is not the enemy because they are a different political party. But hate is the most powerful tool they (political parties, special interests, PACS, lobbyists, etc.) have. As long as America keeps buying into this hatred then We the People are going to become poorer as a nation.