I finally decided to check the stocks that I have red- or green-thumbed on CAPS. Big problem. I have had 2X and 3X ultra-shorts (All of them!) green-thumbed for over a year. That is a year of record breaking gains for the market. I realize that the longer you are 'investing' via CAPS, the harder it is to change your direction, but I have wrecked my own score through extreme inattention. At least I have paid more attention to where my real money went. [more]
Nobel winner Milton Friedman coined a term "the fool in the shower." It seems to apply all too often to the way our government acts. According to Friedman, a government that acts too forcefully on something that affects the economy is like a fool who gets into a shower. The water is cold, so he turns the hot water all the way up, thus scalding himself. The wiser course is to warm things up by increments. Thus, government should use small, consistent steps when enacting any policy change that will affect the course of the nation's economy. Entitlement programs surely come under this analogy as they also have an enormous impact on our national economy. [more]
Today, Nov 11, is set aside as Veterans Day to honor those Americans who have served in our armed services. Freedom has a high price and it is paid by those who choose to stand between us and harm's way. These are the heros among us, those who give up months, even years away from loved ones to protect us. There are three groups of people that I would like to thank on the day set aside for this purpose. [more]
Obamacare is now the (poorly working) law of the land. Thousands of families are having their "doctors and insurance policies of choice” cut or completely withdrawn. These are the policies that Obama so adamantly reassurred us would still be available when he still needed the votes to pass this legislation. I made the following comment on Jerryguru69's post about Obamacare two days ago: [more]
This is not a financial blog - not even possible to stretch the point and make it financial. [more]
It is November. If you are not already receiving letters and phone calls requesting funds for charities, you soon will. There are more truly good causes than anyone has money to fund, so how do you decide? This is a case study. Sadly, I could choose any of a number of charities. This one angered me because our family includes a police officer. Somehow, that makes what follows just that much worse. [more]
You make a difference just by being here. Take care of yourself. You matter.
No recs needed or requested....Just a reminder.