iamned.com Blog

It comes as no surprise that Tim Knight the putz from slopeofhope.com has finally admitted that he sucks at trading. Today he wrote in his most recent entry;

(2) My ability to trade them is horrible; in spite of me sharp eye for rallies, I tend to buy calls, get scared at the first inkling of trouble, sell the calls at a tiny profit, and “fight the market” all the way up, getting trashed all the way.

There you go; an irrefutable admission of noobness. I knew this all along though, when I wrote months ago that slopeofhope.com is overrated. This quote further validates the fact that slopeofhope.com like Jim Cramer’s Fast Money doesn’t actually help its readers make money in the stock market, and that the buy and hold methodology outlined on iamned.com is much more effective than day trading.

Even funnier and more pathetic, when going long on RUT2K calls Tim still can’t make money:

What happened to Chart Your Way To Profits? More like Chart your Way to Losses. That would be a more apt title for Tim’s blog since that is what he seems to be good at.

With Ned’s buy and hold strategy there is far more upside, no work (besides logging on to your online broker and placing a buy order), and much less risk of blowing up your account, which occurs quite often with options. So far, my picks are up on average of twenty percent in 2008 while the broad markets are DOWN over ten percent. Such winners include EWZ, GOOG, KOL, MA, MOS, and Visa.

No funny log charts, no zig zags, no shade ins, just $$$.

I hiiiiighly recommend coal stocks. I am beating myself up for not noticing this sooner. Why dammit so angry I didn’t get in on this in March. Oh well, it’s still not too late to buy coal stocks.

Coal is the next water and oxygen in terms of human consumption.

3rd world countries without stringent air standards use substituting Oil for coal. With regards to alternative energy, coal provides much more output than wind and solar and is safer than nuclear. India, Russia South America, and China can burn as much coal as they want without impunity. There is no Environmental Protection Agency or leftist pressure groups in China or India to regulate carbon emissions. And as oil continues to surge higher, so will coal. In fact, the price of coal has doubled this year, and nevertheless the demand shows no sign of slowing.

You simply can’t fail buying coal. Buying coal stocks now is like buying Cisco or Oracle stock in 1992 or Yahoo or Amazon stock in 1997.

Buy these stocks ans ETF’s and make money for virtually no work:

KOL (a coal etf will see 70 within 1/2 year or so)

PCX (looks over extended but IT WILL go higher on any pullback I guarantee)

WLT, BTU

Meanwhile, the broader indexes are making new lows while coal stocks are making weekly highs consistently.

For a full list of stocks you should buy, check out my feature; Stocks for the New Era Part 2

With all the doom and gloom from the pro-Obama democrats and other losers you would think we were already in a bear market, but we aren’t. The S&P 500 has yet to close below 1252, which is exactly twenty percent below the record high of 1565 made in October of 2007. Unless the S&P 500 closes below 1252 it simply isn’t a bear market. The stock market almanacs and mainstream media won’t call it a bear market unless the S&P 500 closes below 1252. Otherwise it is just a correction, albeit a steep one.

Why does the S&P 500 refuse to close below 1252 in spite of all the doom and gloom? The reason is because there are still so many strong sectors that are propping up the market. Energy stocks are making record highs as are commodity stocks. Steel, potash, iron, coal, and machinery stocks keep making new highs. Meanwhile large cap tech companies like RIMM and AAPL are holding their own. Visa and Mastercard, two stocks which I have recommended for awhile, are just ten percent off record highs. You can’t have a bear market when there are so many stocks and sectors showing such huge strength. In a true bear market virtually every sector gets obliterated, but this just isn’t the case. Amazingly enough, if you remove financial companies from the S&P 500 the index is only down eleven percent from its high, which is evidence of the broad strength of the market.

We’re also still in the new era of globalism, consumerism, spendism, smartism, and hyper capitalism. The global economic boom is far from over. Boom economies of India, Brazil, Russia, and China need raw materials which is why oil, coal, potash, and metal stocks keep going higher.

The boo hoo hoo Obama democrats claim we’re in a credit crunch and a liquidity crisis and that the American consumer is ‘tapped out’, but this couldn’t be further form the truth. The only credit crunch is an imaginary, leftist media generated one. If people didn’t have access to credit why would Visa and Mastercard stock keep going up? Americans have access to huge credit in the from of credit cards and home loans, and Americans will continue to max out their credit cards to pay for food and gas, which is good for Visa and Mastercard stock. In fact, visa stock closed above $82 last Friday, up 36 percent since I recommend it.

On a final note, Barry Rithholtz from bigpicture is wrong again, as usual. Today he wrote how the S&P 500 from June 1999 to June 2008 has done nothing. Um yeah except he is forgetting that the S&P index doesn’t include dividends. Had you invested in the S&P 500 on June 1999 and held you would actually be ahead by nearly twenty percent if you include the dividends. A twenty percent return is actually pretty good considering June 1999 was nearly the peak of the last bull market. It is no surprise that none of his loyal readers point out that obvious omission since it would invalidate his argument, and possibly hurt his feelings.

Recent polls have shown that up to two thirds of Americans support offshore drilling. It doesn’t matter to voters if it will take years for the oil to come on line or that the quantity of oil is small. At least McCain is offering a solution to rising oil and gas, and that is what voters what. Voters do support a gas tax holiday contrary to what the Obama lefties claim. Voters don’t care about the environment; environmentalism has never resonated with middle class, hard-working voters.

The McCain campaign has already unveiled a series of energy policies in the past two weeks under what is being called “The Lexington Project” to achieve energy independence by 2025.

The plan includes proposals ranging from lifting the ban on domestic offshore drilling exploration to creating a $300 million prize for the creation of a zero-emissions car battery.

Ads regarding his energy plan will air nationally on cable, and in Colorado, Iowa, Michigan, Minnesota, Missouri, Nevada, New Hampshire, New Mexico, Ohio, Pennsylvania, and Wisconsin.

What energy plans have Obama proposed? None. While Obama is busy calling people bitter and shopping for Arugula at Whole Foods, McCain is conversing directly with the American people through his town hall meetings offering solutions for the problems Americans face.

Today the major US indexes fell three percent on rising oil and downgrades on Citi and General Motors. Whoop dee doo. Who cares. I’m still long, I’m still recommending the same stocks, we’re still not in a bear market, the credit crunch and recession is fake, and the smartist era isn’t over. There is no need to over analyze every market fluctuation because my strategy for making money is long term. Also, Obama will lose. Did I mention that already? He will lose.

It looks like Barry Ritholtz of the Big Picture (http://bigpicture.typepad.com) has finally proven beyond a reasonable doubt that he is a putz with his most recent blog entry, where he not only threatens a frivolous lawsuit but resorts to crude, unprofessional language.

Here is a screenshot:

I wonder what Kudlow’s reaction to this would be. I’m sure he would be very disappointed.
The irony is that Bary Rithholtz tries to pass himself on his big picture blog as some sort of cutting edge economic and financial prognosticator, but on Kudlow and Company he comes across as a malodorous, bumbling idiot who is still trying to remember what he ate for lunch, and his most recent entry only confirms this.

Intrade is currently giving Obama a 64 percent chance of wining the 2008 presidential election, while McCain’s odds are just 25 percent.

Why are Obama’s numbers Intrade numbers so high? A recent newsweek poll shows Obama with a 15 point lead. However, polls conducted just a week ago gave Obama a meagerfive point lead. The fifeteen point difference in the newsweek polls seems to be a statistical outliers, possibly due to poor sampling. It seems extremely implausible that without any breaking scandals that Obama would abruptly gain an additional ten points over McCain.

I have have written numerous times that Obama will lose, and the intrade numbers will eventually reflect this inevitability. Within a a few months I the intrade spread will narrow to just four points with Obama’s odds at 52 and McCain’s at 48. This convergence to equilibrium will be triggered by increasing concerns Obama’s inexperience, his baby momma (Michele Obama), and his lack of appeal to hard working, white Americans.

One advantageous move by McCain is his recent support for drilling for oil offshore, which will will ease rising oil and gas prices. Obama, being a radical environmentalist liberal and a Marxist, opposes offshore drilling. What Obama fails to realize is that the vast majority of Ameircans could care less where the oil comes from as long as gas prices go down. McCain at least has a viable solution, while Obama is still belittling the ‘bitter’ people and giving out terrorist fist jabs. I can guarantee that McCain’s offshore drilling proposal WILL boost his poll and intrade numbers in the coming week.

Although the US markets fell nearly four percent last week, the S&P 500 is stil roughly sixtyfive points from entering bear market territory. The most recent S&P 500 high is 1565.15 on Oct. 9. A twenty point reversal that defines a bear market would mean that the S&P would have to close below 1252.

Will there the S&P ever cross the 1252 threshold? No it won’t because we’re in the smartist web 2.0 era of economic and financial perpetualism, which means there will never be another bear market again. The bull market that began on October 2002 will last for eternity baring a serious catastrope such as a pandemic or giant meteorite impact.

Also as I wrote last week there is still tons of support in the 12,000 range for the Dow. Although it broke 12,000 the support still holds.

Here are some good stocks to buy now. If you buy these on a dip you will come out way ahead when the market does reboud.

I strive to maximize my performance in the stock market whenever possible, and be on the forefront of the latest trends. Coal stock have been on an ABSOLUTE tear for the past two months and I regrettably haven’t capitalized on the recent coal boom. I don’t own any coal stocks because I’m already vested in Mosaic Corporation and Visa. I could switch, but I don’t want to pay the taxes and I am content with my current returns and positions.

But the nagging feeling that I could do better still lingers. You always want to do better, and you beat yourself up for not achieving optimal returns. Why didn’t I buy buy PCX at 100? Was I too busy whacking off or whatever not to notice that coal would be the dotcom equivalent of the 21st century? Where was I and why wasn’t I buying coal? Dammit!

I remember in the fall of 2007 when Google and Bidu were literally going up ten dollars every day for three months strait. Google surged from 500 to 740, and I was beating myself up for not being long. Then in mid October with hardly a hint of warning the markets reversed, toppling Bidu and Google. Both stocks have yet to recover to their historic highs.

I am still bullish on coal, and while I can’t call the top there is still more upside if you have the patience to hold these stocks for the long term. I can almost assure you that in a year all of the coal stocks will have made new 52 week highs, baring a catastrophic bear market.

In conclusion, you can’t beat yourself up for not being on the forefront of the latest trends. It is virtually impossible to know which sector (such as coal) wallstreet will bestow its graces upon. Just pick a pick a profitable strategy that works for you and stick with it.

Even with the dow down 130 points and the nasdaq down 28 points, Ned’s picks for the most part went up.

Why do Ned’s stocks do so well even when the Dow loses 230 points in two days? Because Ned knows how the stock market works and he is almost never wrong. Ned is on the forefront of the ’smartist era’ of the New World Order and therefore knows exactly which stocks to buy to make money in ANY market condition.

Meanwhile, Tim putz from slopeofhope is charting his way to losses by shorting energy stocks. LOL what a failure. Even with the markets down two percent in the past two days he can’t make money being short, which is pathetic to say the least.

The Ned method is so simple. You go to iamned.com and buy the stuff ned recommends. Then hold it for awhile. No funny graph, zigzags, shade-ins, and you make much more money.