February 8, 2009
You are responsible for saving the U.S. economy and in effect the World. Move around, find the financial problems lurking around every corner and see how good you are with solving the problems.
If you get stuck you can always “Ask a Greenspan” and garner a throw-money-at-it-solution.
Click below and meet the Bailout Boys for yourself. This is hysterical….
November 2, 2008
Is it me or has our Vice President been conspicuously absent from anything related to this election? Now that I think about it, what has he been doing lately?
WAIT! I think we may have found him. There are 4 Dicks in the image below….can you find them?
If you are interested, here are links to current news items related to our hard working VP:
October 29, 2008
As I was thinking about all that is going on, I cobbled together a summary of the market madness inspired by a list of Bruce Springsteen’s songs. I am even thinking of writing him in as my choice for President since I am having a very difficult time deciding who to vote for.
I hope The Boss would approve….
(Song titles in bold/caps)
I am certain that there are BETTER DAYS ahead as the markets are generally BORN TO RUN. My advice is simply: DON’T LOOK BACK and realize that there is no MAGIC formula in the world of investing. Right now, there is panic OUT IN THE STREET and in the REAL WORLD these days every REAL MAN is having troubles and RESTLESS NIGHTS because PARADISE seems LOST IN THE FLOOD of the market turmoil.
This has been a LONG TIME COMIN’ and the worry about keeping a MAN’S JOB on top of this mess makes this time TOUGHER THAN THE REST. It is clearly a WAR taking place started by the financial companies stoked by greed that made many investors now understand that WE ARE OUR OWN WORST ENEMY.
We borrowed too much and created an environment of ALL OR NOTHING. But, be sure that you, me and WE SHALL OVERCOME. Right now though, the market is being pushed and pulled by many DEVILS AND DUST particles will surely begin to settle after the election.
Remember, the markets cannot deal with uncertainty and when the MAN AT THE TOP is found and that LUCKY MAN is known, we will be ONE STEP UP towards reduced volatility.
One thing we do know is that right now, investing in the financial markets is a ROLL OF THE DICE or perhaps more like a game of ROULETTE, but there is REASON TO BELIEVE that the SEEDS planted by the FED and Treasury will eventually SPARK THE FUSE that could create a bull FEVER from these levels.
How long will it last is the real question as we all wonder WHEN THE LIGHTS WILL GO OUT on the rally. Now it is right to be a CAUTIOUS MAN into a time when short sellers are screaming COVER ME and frantically pushing stocks up in an environment of NO SURRENDER.
This is no longer a world that is run by those who are “in-the-know” who have our best interests at heart. Rather, it appears that those in charge are PART MAN AND PART MONKEY that gave us THE PROMISE of the American Dream only to issue more and more credit; better know as THE TIES THAT BIND.
THE LINE has been crossed and it appears that while we may seem TRAPPED AGAIN by bills and financial worries, those that have realized early on that it is time to take matters into their own hands will eventually LAUGH ALL THE WAY HOME. We know all too well that the credit crisis was BORN IN THE U.S.A. and has spread ACROSS THE BORDER and now beyond THE RIVER. But, in the REAL WORLD, things have a way of cycling and this too shall pass. Now we need to look OVER THE RISE to seek and plan for yours and MY BEAUTIFUL REWARDS.
September 28, 2008
From John C. Dvorak’s site:
Here is the third conversation I had with stock picker Andrew Horowitz about the post WAMU/debate market and where it is headed. What to do? This chat is not produced and presented as-is for anyone who wants to listen in.
Click HERE to listen in….
August 10, 2008
According to Meredith Whitney of Oppenheimer, there is a huge amount of uninsured deposits at many of banks which could soon be causing a huge problem. If you think about it, it makes sense. As time goes on, more and more money will be moved from bank to bank as depositors become more concerned about the amount of money they are insured for. Essentially, money will be spreading around and:
- Fewer people qualifying for mortgages
- Banks recapitalizing and not providing credit
- Wachovia 35% uninsured
- Capital with be flowing from weak hands to strong hands
- People who need capital/credit will not get it, those that don’t, will.
- Available credit for consumers will shrink
- Some financial stocks will revisit lows
Think about the above list for a moment. What I think is the most interesting takeaway here is the fact that money will be moving out of banks at a very fast pace if we continue to see banks taken over by FDIC. This is because it will actually be detrimental for the FDIC to rescue Read more