edwjm's Blog

Sell in April to beat the rush to sell in May?

edwjm — Thu, 04 Apr 2013 11:40:23 GMT

It looks as if the market may have reached a local maximum on March 28. It may take a while for the market to reach that level again.

Why does CAPS not allow me to post pitches?

edwjm — Fri, 22 Mar 2013 13:01:12 GMT

All this month (March) I have tried to post pitches, but I keep getting an OOPS screen when I try to post a pitch. What is the problem?

Why won't CAPS let me add a pitch for BERY?

edwjm — Fri, 01 Mar 2013 12:39:48 GMT

When I try to post a pitch for BERY, I get the OOPS! screen. He is what I wanted to post:

Berry Plastics Group, Inc. (BERY) is a provider of plastic consumer packaging and engineered materials. It operates in three segments: Rigid Packaging, which sells primarily containers, foodservice items, house wares, closures, over caps, bottles and tubes; Engineered Mater...

New Taxes

edwjm — Tue, 25 Dec 2012 13:18:56 GMT

I try to keep up with Income Tax matters, but some of the new taxes going into effect for next year have me baffled. In particular, does anyone know any details about the new 3.6% tax on investment income? There is little mention of it in the media, and on those rare occasions on which it is mentioned, very little or no explanation is given. Taxes on dividends are already scheduled...

Did stocks make a significant local minimum Nov. 15th?

edwjm — Fri, 23 Nov 2012 14:58:19 GMT

I would Like to see what happens next week before deciding, but, so far, price action has been encouraging. Republicans seem to be getting over their shock and disbelief after the election results the week before. Those who sold in May should consider getting back in if they haven't already. Those who ranted, raved, and railed against selling in May were wrong again this time around.

The REAL Fiscal Cliff

edwjm — Sun, 11 Nov 2012 20:17:29 GMT

For months some people (mostly Republicans) have been screaming that we must do something about the expiration of the Bush Tax Cuts before the end of the year "or else." As I have explained in a previous blog, this is just political posturing and propaganda.

However, there is tax policy problem that does need to be fixed right away, and defini...

Are we in a classic October Massacre?

edwjm — Tue, 23 Oct 2012 11:58:00 GMT

They don't usually occur in Presidential election years, but right now things look grim.

Wow! MSNBC and FOX News both agree!

edwjm — Thu, 04 Oct 2012 12:12:47 GMT

It is rare for MSNBC and FOX News to agree on something, but after last night's debate both declaired Romney the winner. I have to agree with both of them. Of course, we should keep in mind that the coming election is to chose a commander-in-chief, not a debator-in-chief. I do wonder, however, how many voters changed their minds about for whom they will vote in November.

The number of issues ...

Double taxation of dividends

edwjm — Wed, 26 Sep 2012 12:02:25 GMT

Someone posted, "As a reminder, unless Congress acts before year-end, future dividends will be taxed as ordinary income."

This is not true, no matter how many times this gets said (mostly by Republicans). Without getting into the idiological disputes surrounding this issue, let me say that year end is not some kind of irrevocable deadline for changing this. In fact, for political reasons, Democrats in...

Political Convention Reaction

edwjm — Fri, 07 Sep 2012 11:34:11 GMT

The Republicans better come up with a positive message for the future with specific recommendations, or they are dead meat for November.

Simply screaming "failed leadership" won't cut it.

Are you glad you sold in May?

edwjm — Fri, 01 Jun 2012 13:46:14 GMT

I am

Sell in May?

edwjm — Fri, 04 May 2012 10:59:27 GMT

I keep seeing posts urging ppl NOT to sell in May.

Might this be a plot to keep the suckers in until after the smart money gets out?

It's my money and I need it now!

edwjm — Fri, 09 Sep 2011 10:46:17 GMT

While watching President Obama's address to the joint session of Congress last night, I kept thinking of those J. D. Wentworth TV commercials.

It's my legislative priority, and Congress needs to pass it NOW !!

What will rule the final hour today?

edwjm — Wed, 10 Aug 2011 14:57:48 GMT

Short covering or margin calls?

Market plunges while Repubs gloat.

edwjm — Thu, 04 Aug 2011 11:30:09 GMT

The Dow-Jones Industrial Average is now 1000 points lower than it was a short time ago and continues to fall. The job outlook has deteriorated because the debt ceiling agreement lowers the deficit entirely by cutting government spending and thus killing jobs. The FAA conflict is also killing jobs. The bad job outlook will send us back into recession. This is why stocks are falling and Repubs are gloating.

Blogs to ignore

edwjm — Thu, 30 Jun 2011 14:05:41 GMT

I am dismayed by the large number of posts by bloggers who wear beanies.

Why should I care about about the thoughts of those who cannot maintain a decent portfolio?

A Modest Proposal about Spam

edwjm — Mon, 27 Sep 2010 12:44:20 GMT

Surely it would be quick and easy to filter blog posts to exclude those from any member whose account

(1) is less than 7 days old

(2) contains less than seven picks

(3) rates a beanie

That would reduce Spam drastically, if not completely

Barney Frank gets it right!

edwjm — Wed, 18 Aug 2010 10:40:20 GMT

Barney Frank says we should get rid of Fannie and Freddie. Why could he not have figured that out sooner?

Please consider this Quiz

edwjm — Mon, 24 Aug 2009 15:40:14 GMT

For the sake of discussion, suppose registered voters were given this test at polling places, and they could only vote if they passed.

1. Which of these four countries (Mexico, Russia, China, Japan) owes the U. S. the most money?

2 Which of those four countries does the U. S. owe the most money?

3. Within an error limit of $5,000.00, what is the per capita national debt of the U. S.?

4. Which is...

Several Wall Street banks seek to buy back warrants but are complaining that the Treasury Dept. is demanding too high a price

edwjm — Fri, 10 Jul 2009 12:06:54 GMT

The Treasury Department should respond by demanding a HIGHER price, not a lower one!

These banks are outrageous in their demands for public (American taxpayer) largess!

It's time to exclude them from the dole!