Archive for January 2008
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Take Advantage of this Short Covering Rally
To me, that means sell covered calls where appropriate.
It also means it is time for me to take some profits off the table and get rid of any positions showing weakness.
Then, probably next week, I will add to my long term positions. Buy back some covered calls and get ready for the cycle to loop [...] Read more »
So We Are Down To These Choices?
On the Republican side: John McCain and Mitt Romney
On the Democrat side: Barack Obama and Hillary Clinton
Sadly, no matter who of that group who wins the Presidency, we as a nation lose.
Since it seems inevitable one of those four will be the next President I will look at their public statements and give you my [...] Read more »
What The? The Stimulus Rebates Will Go To Illegal Aliens Too?
This country is probably beyond hope…
http://michellemalkin.com/2008/01/30/stimulating-tax-rebates-for-illegal-aliens/
The really sad thing is no one currently running for President has any real interest in solving the continual hostile invasion coming from south of the border.
Read more »
More Unfunded Mandates From the Federal Government Passed Along to the Consumer
UPDATE 1/31/2008: The cost to install the device on our 1.5 inch water line to the neighborhood pool house will be about $1300 with an additional fee each year to “inspect and adjust it”.
Ever heard of mandated backflow prevention? No? You will.
Part of the Federal Safe Drinking Water Act requires states to enact legislation mandating [...] Read more »
The Answer is Nothing.
I got a question via IM this morning. The question was, “What are you buying at the open?”
“Nothing,” was my reply.
Then a list of “what abouts” came across the IM screen.
The rally we are seeing this morning is a bear rally and after the Fed announcement this afternoon is when buying opportunities might appear.
Now, if [...] Read more »
Yeah, Yeah, The Fed Will Cut Rates Today. But, Then What?
No one is watching the Fed today to see if they will cut the funds and discount rates. They will. There isn’t really all that much debate about whether it will be a .25 or .50 cut in the funds rate. Just, for the record, I think it will be .50, especially with the economic [...] Read more »
Why Can’t People See This? Oh Yeah, Government Education.
The No. 1 economic threat facing the United States today isn’t globalization, stagnant wages, unfair trade policy or illegal immigration. And it certainly isn’t what one cable TV demagogue glibly calls a “war on the middle class” by big media, big corporations and big special interests.
Rather, it’s the sense of entitlement that many Americans take [...] Read more »
When the Pundits Promote Gold, Why do They Only Go Back to 2001?
I get the same calls and emails everyone else gets. They tell you gold is approaching all time highs. And they tout how much the price of gold has risen since 2001.
But, why do they pick 2001?
Because gold was at historical lows.
By 2001, gold was nearly two-thirds lower than it was in 1980 and in [...] Read more »
I’d Say This Just About Sums It Up Correctly.
“Bottom line: Conservatives consider liberals well-intentioned, but misguided. Liberals consider conservatives not only wrong, but really, really bad people.”
http://www.realclearpolitics.com/articles/2008/01/openminded_liberals.html
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This Came Right Out of Left Field!
Okay, so I participate at the forum at magicbullets.com and sometimes will offer help and advice to answer questions posted there. Such was the case with a recently registered member there.
At first they seemed excited to have the help and suggestions and I thought they might be one of the few who actually follow-through and [...] Read more »
