Here is what happens when your main aim is to please everyone: you end up pleasing no one. Obama has not figured this out yet. I know people like to make Cheney into some sort of white devil. But I think he has shown courage and integrity by standing up for his beliefs.
http://online.wsj.com/article/SB124291383880043289.html
Hmmmmmm......................Think about it....................do you really think Dick has any reason to lie? He could die any day. He just wants the world to know the truth. I know, my liberal friends and readers hate him. I know, I know.....but please, think for a minute.... how many dogs does he have in the race? How many does Obama have? Who, in this instance, is motivated by truth?
I am not saying Obama does not want t o protect Americans, just that he is clueless about how to do that. Sorry if that pisses you off (not really).......but I am not here to make nicey nice.
Thursday, May 21, 2009
The Market
Here is what I am seeing: This Bull is about to break a leg. I could very well be wrong. However, the VIX was up 7.99% today. My fake portfolio was up 2%. Typically, when the stocks I have identified as shorts start to break, the market will follow. Currently these are LOW, MA, and AZO.
MA hung in there, but LOW and AZO paid off for me. See, these are the recovery story stocks that large institutional investors trade heavily in. In general, (and I only have a couple years under my belt), when the "story" that has been sold to investors falls apart, or is proven false by economic data, these "story" stocks drop like rocks.
When I see my positions starting to pay off, that may mean the overall market is in trouble. That said, there is no economic data due tomorrow and things could be boring. But I have a feeling.........................we'll see.
MA hung in there, but LOW and AZO paid off for me. See, these are the recovery story stocks that large institutional investors trade heavily in. In general, (and I only have a couple years under my belt), when the "story" that has been sold to investors falls apart, or is proven false by economic data, these "story" stocks drop like rocks.
When I see my positions starting to pay off, that may mean the overall market is in trouble. That said, there is no economic data due tomorrow and things could be boring. But I have a feeling.........................we'll see.
Tuesday, May 19, 2009
Nothing New
I suppose it is boring to hear that I have not had much to say lately, but it is the truth. I like to feel inspired to write and since I have not yet monetized this blog I am ok with waiting until that inspiration comes, as it always does.
Economy - Nothing new. We are in a period of boring debt reduction. The banks have been allowed to hide their insolvency with changes in accounting rules. I have not done enough research to know how long this could last (the sideways drift in the market). I do not know how many losses these changes have allowed the banks to hide, or stretch out over time, etc. etc. I would love to hear from anyone who is researching this and as the summer unfolds I plan on looking into it as much as possible myself. As far as the market goes, I am still doing terrible with the exception of NXG (because I am short). I fully expect this bear market rally to fail soon.
Parenting - My kids can't wait for summer. 11 more days. I can't wait either. I need a break from the driving. It will be so nice to wake up and have the day ahead of us open. Beaches, cabins, fishing, biking, exploring state parks.....I am very lucky I will be able to be home with them this summer. My son will be starting first grade in the fall, so next summer I will probably be sending a nanny to the beach. (Boo Hoo!)(Thanks honey - for working so hard and so I could stay home this long!)
Inner Peace - I find this state to be very enjoyable. However, it comes and goes and I still have my ugly moments. They are interspersed with the peace. It has, however, become a growing presence in my life.
So, I wish any readers I have a wonderful evening. It is so beautiful outside I can't stay in any longer!
Peace!
Economy - Nothing new. We are in a period of boring debt reduction. The banks have been allowed to hide their insolvency with changes in accounting rules. I have not done enough research to know how long this could last (the sideways drift in the market). I do not know how many losses these changes have allowed the banks to hide, or stretch out over time, etc. etc. I would love to hear from anyone who is researching this and as the summer unfolds I plan on looking into it as much as possible myself. As far as the market goes, I am still doing terrible with the exception of NXG (because I am short). I fully expect this bear market rally to fail soon.
Parenting - My kids can't wait for summer. 11 more days. I can't wait either. I need a break from the driving. It will be so nice to wake up and have the day ahead of us open. Beaches, cabins, fishing, biking, exploring state parks.....I am very lucky I will be able to be home with them this summer. My son will be starting first grade in the fall, so next summer I will probably be sending a nanny to the beach. (Boo Hoo!)(Thanks honey - for working so hard and so I could stay home this long!)
Inner Peace - I find this state to be very enjoyable. However, it comes and goes and I still have my ugly moments. They are interspersed with the peace. It has, however, become a growing presence in my life.
So, I wish any readers I have a wonderful evening. It is so beautiful outside I can't stay in any longer!
Peace!
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