I get out of a meeting today and see a 600 point drop and a friend told me they lifted the ban on shorting...is that true? Only a bunch of nimrods would do that, because the cash that would be aimed at the banks would be pretty devastating...
I was picking the Dow to be below 9000 by end of November, so this was a little premature for me.
I am done shorting all stocks - totally lame - and I don't care if my CAPs score suffers to the point where I am bottom of the barrel. The U.S market stinks like a month old lobster dinner. Paulsen was the head of GS, GS has made several million in contributions to both parties and so we end up with a Bail Out Act that doesn't help anybody but the wealthiest 1% yet again. The level of corruption is pathetic. Buffett is buying in because he is getting special deals not available to you and me, so stop kidding yourself. You live in a nation that is behaving more and more like a facist state. [more]
Halliburton was charged with selling nuclear technologies to Iran in 2005(globalresearch.ca, August 2005). This had been going on since 1995. I'm willing to bet that most of the people reading this were unaware of that fact. Did anyone get in trouble for selling nuclear secrets and technologies to the "Axis of Evil". Oh sure, yeah, and as punishment Cheney was made vice president. The supremely ultimate bullet proof stock has to be Halliburton. It's interesting that it never hit the mainstream news, isn't it? And now, how do we expect market efificiency to work properly here in the U.S. if important news like that is made semi-private. Halliburton even supplied Iran with the centrifuges you are hearing about right now. The housing market data was not properly evaluated even thoguh the warning signs were there for at least 16 months. Reports of banks over relying on hedge funds and also having 5/6 of their money tied up in long term debt was also out there if you knew where to look. But instead Jubak tells you how horrible they were a week after the meltdown. Gee, thanks, funny how easy it was to find that data after the anvil landed on us. [more]
Think CLNE, dude. You want to know how corrupt the U.S. machine is? We could be driving around in cars that burn liquid natural gas, and the savings would be at least 60%. They are doing it in China, and I think in South America. Are we doing it here, where our own oil reserves are dwindling and the price of crude translates into crippling gasoline prices? No. Now that's the real reason why oil is king. We treat natural gas like its somehow less valuable than oil, which is stupid. The media monopoly here in the states is hiding the true value here. Less toxic pollutants, we have a ton of gas right here on our own soil, and I could keep going no and on. CLNE, and there's at least one other Chinese company in the same niche, but I forget the name. Check it out. The fact that we do not have any U.S. action from this outfit shows our government is in bed with oil and they will not kick them out any time soon. The only reason you hear about ethanol is because it is giving farmers much needed revenue, and gives the opportunity for the govenment to finally remove the heavy subdsidies for corn, because you get higher prices for the product this way. Ethanol is terrible for the environment. Ozone at ground level is highly toxic, and the carbon footprint is just as wretched as oil. And here's one product that you may not know about - the Air Car. They have a web site - go look it up. It uses a compressed air tank that you get pumped and it pushes you along for something like 30 cents a gallon. They use them in South America. The only bad byproduct is the greenhouse gas that the pumping station uses to run the air pump. Air cars expend zero energy when they are idling, and they make very little noise. They air tanks are built to deflate safely if they are punctured, and they are ideal for inner city and public transportation. You can't overload the car or go over 65 mph or you get a bad energy return, but the last time I checked the city buses didn't exactly floor it down Main Street. Aren;t you glad Bush is not bothering to tell you about this success story? That's real helpful, thanks so much for deciding what we shouldn't hear about, Cheney and company, because we would hate it if Exxon had a bad quarter. If you haven't heard about the air car yet, well, that's because there is a media black out here in the U.S. You think I'm kidding? You need to talk to people outsisde of the U.S. There are tons of things the U.S. news is not reporting to you, and if Fox, NBC and Bloomberg are your news sources as an investor, you are getting the cards stacked against you. [more]
So here are some more evil stocks that use their moral bankruptcy to outperform the market. Energy stocks are of course great, and we are nowhere near peak oil, but let's narrow it in to one group: Chinese power plants. There is a new power plant coming online there every week. That's right - every week. Most burn coal, the dirtiest fossil fuel outside of peat. But it gets better. They can't bring themselves to waste any money to filter the coal smoke, so it bilows out and chokes the life out of the peasants unlucky enough to live next to them. I have a relative who has visited some of these towns, and he couldn't figure out why the adults would spit so much. They'd spit loogies right on their living room floors. Well, he found out it was because their throats became coated with the coal soot in the air. Now that's the kind of blatant disregard for human life that makes fascists everywhere beam with joy. [more]