Visa Stock Surges 13% to $64/Share; Dow Surges 170 points
It appears Ned is right again. The day after recommending Visa stock upon the IPO, Visa is now up 13 percent to $64/share. When I say it is time to buy it usually is. In addition, the markets have staged a powerful comeback after yesterdays steep sell off with the DJIA up 175 points, the Nasdaq up 29 points, and the S&P 500 up 19 points.
Why is the market up so much? BECAUSE WE’RE STILL IN A BULL MARKET which began on October 2002.
Also, Mastercard (MA) is up 6 percent today to $220/share. Back on March 11th I told my imaginary readers to buy MA stock when it was at $195/share. Had anyone purchased MA on March 11th they would be up about 13 percent while the market is flat in that same period.
Why is Visa and Mastercard up so much while the major indexes are flat? The reason why is because we’re in the ‘new era’ of spendism, paymentism, globalism, and consumerism. We have millions of consumers from all over the world using Creditcards instead of paper currency for purchases. Creditcard companies have also made it easier to extract money from consumers though such means as phone based payment systems, pay pass systems, and other technological systems. The means of which the ‘the creators’ of the new world order use to extract money from people is called paymentism.
But aren’t we in a so called ‘recession’ and a ‘credit crunch’ and ‘liquidity crisis’? Um no we aren’t. The only ‘credit crisis’ and recession is a leftist, populist, pro-Obama media generated one. Consumer spending or spendism is stronger than ever, which directly benefits Mastercard and Visa. If we were really in a recession and or a credit crunch consumers wouldn’t have access to plentiful credit for consumer based spending and stocks like Mastercard and Visa would have sold-off, but they haven’t.
In conclusion, buy Mastercard and Visa stock on any dips and hold for the long term. You will make FAR more money with less risk utilizing this method than daytrading, using ineffectual, cluttered Fibonacci lines, or playing risky options.
Visa IPO a Huge Buy Inspite of Lousy Tape Action
I will admit that I went long on the Visa IPO. I sold my holdings of GOOG (at a loss) and EWZ (at a nice profit) this morning before the market open and went long on some VISA stock at $59.5/share. I only allocated 1/3 of my portfolio to VISA because I didn’t like the tape action in the first few minutes of trading. There was no strong rally or buying preasure, upon the opening. The stock apeared to have debuted somewhere around $65 and quickly sold off to $55, before rebounding to $59, thus validating my original suspision of poor tape activity. Fortunately, I didn’t go all in and I still have enough cash to buy more should it go lower.
Visa should be at $70 right now given all the hype surounding the IPO and Visa’s stellar fundamentals and growth prospects. BUT-I am still VERY bullish on the long term outlook of Visa, which is why I’m holding (even at a slight loss).
Visa has dominant marketshare-66% of creditcard market, surpasing Mastercard by a large margin. In addition, Visa has huge growth prospects in emerging markets such as China, Brazil, Russia, and India. Visa’s market cap is roughly $23 billion ($58.2 share X 400 milloion shares), which isn’t that excessive when you consider that VMware has a market cap of $16 billion or that GOOGLE is worth over $200 billion, yet when these companies went public they were only worth a couple billion. I woudn’t be surprised to see Visa having a $60 billion dollar market cap in the next year, as its earnings contonue to grow. The potential is absolutely huge.
The 1-day chart is very bullish with a short term target of $65
My target for Visa is $100 within the next few months, asuming the market doesn’t fall off a cliff. As I wrote many times on Iamned.com, we’re still in a bull market and a global economic boom as humanity transitions to a globalist, smartist type one civilization. We’re still in the ‘new era’ of spendism, consumerism, paymentism, and hyper capitalism. Visa stands to benefit directly from this transition.
As I continue to add to my Visa position I’ll update.
Dow Rockets 419 Points! Ned is right again! Bull Market Continues!
As you can see from the chart below the S&P 500 has rebounded sharply off support, as I predicted it would:
Since the S&P 500 never managed to close below 1252 the bull market which began on October 2002 continues. I predict this current bull market will last for decades due to economic and financial perpetualism.
Bull market is not dead:
All of the stocks I recommended on my blog such as GOOG, MOS, POT, MA, BIDU, RIMM, AAPL, FSLR, ISRG, EWZ are all up a lot today. Had you taken my advice and bought any one of these stocks you will have made pretty good money with almost no work at all except placing a buy order.
Awhile ago I told people to buy EWZ stock at $72 cause we’re in the ‘new era’. If anyone took my advice they would have made 10 percent, while the overall stock market was flat in that same period. That is because when Ned says it is time to buy it is usually time to buy. I don’t fail.
Also, since we’re still in a bull market and there aren’t any tangible, serious economic problems the dow will rebound to 14,000 in six months and end the year at around 14,500. By early 2009 the dow will pass 15,000. The only recession we’re in is an imaginary, media generated one.
Time 2 buy
Stock Market Surges Off Lows. The ‘New Era’ ISN’T Going Away
Oh no head for the hills! Batten the hatches! Hide your money under a mattress and ready the ammunition! Armageddon is here! Bear Stearns is history! The Dow is crashing in the premarket. The S&P 500 is cratering! The end is here!
Or is it? Maybe not. As of 1:PM Eastern time the Dow is down a whopping 40 points. Yup…a whole 3/10 of a percent. I guess the ‘end of the world’ will have to be put on hold. The DJIA still has yet to penetrate the lows made back in Jan 23rd, while the S&P 500 and Nasdaq are just grazing those levels. So for all this negativity, the markets have yet to make any meaningful new lows, which is an extremely bullish sign.
Why did the market rebound so strongly? Wasn’t the Bear Sterns washout a catalyst for a financial meltdown? Why are stock only down a little? Maybe because as I have written last week that the Bear Sterns isn’t a big deal and that we’re NOT in a credit crunch or liquidity crisis. The only ‘credit crunch’ is one created by the pro-Obama, anti-free trade, leftist media. There is HUGE credit and TONS of liquidty.
The main reason why stocks are STILL holding up so well IN SPITE of all the negativity is because none of the negativity is real or tangible. It is all an imaginary distraction created by the pro-Obama, boo hoo hoo leftists. There is no recession or bear market. The S&P 500 is still well above the critical 1552 level and there hasn’t been a SINGLE quarter of negative GDP growth since 2001. Millions of people are still using facebook and myspace. Millions of videos are watched everyday on youtube.com. Students are still attending colleges and maxing out their credit cards. You can’t tell me there is a recession when I can’t see any evidence of one. Nothing has changed between now and 2005. No concrete evidence of substantial economic weakness whatsoever.
The ‘New Era’ is real. We’re in an era of web 2.0, globalism, hyper capitalism, globalism, spendism and consumerism. Job security, retirement, and healthcare plans are a relic of the past, as is the rapidly dissolving middle class. The ‘middle class’ is incompatible with the ‘new era’ which we are living in. ‘The creators’ of the New World Order also known as the ‘Smarties’ are in power, which is why McCain a pro-growth, pro-free trade, pro-globalization, cheap labor politician, WILL be out next president. In the ‘new Wea’ of Web 2.0 and google and ’social networking’ there is no room for such niceties as ‘job security’ and privacy. Nope not anymore. The war in Iraq will continue for decades and the relentless rise in commodities such as Oil, Gold, and Wheat will not subside. Phone lines will be tapped. Consumer spending and creditcard debt will only increase, which is why you MUST buy MA and VISA stock. MA will go to $300 in a year. The smarties are proponents of open borders because more illegals=more profits for multinationals and technology companies, and less jobs for American citizens. But since the smarties are in power this outcome is inevitable.
Since we’re in the ‘new era’ you must also buy GOOG, MOS, GLD, DBA, EWZ, POT, BIDU, AAPL, RIMM and ISRG stock.
Resisting the ‘new era’ is futile, which is why you MUST go long and buy the stocks recommended on iamned.com and hold them.
Mint.com is worth $2 billion dollars.
Mint.com is a web 2.0 website that allows users to track their personal finances. From techcrunch here is a more detailed description of the site:
Mint is a personal finance application that lets users track and monitor their financials in one place without the need of routine maintenance or accounting knowledge. Their application tracks bank, credit union and credit card transactions and alerts users to upcoming bills, low balances or unusual spending. Mint’s patent-pending technology automatically categorizes transactions, so users know with precision where they are spending money, what their bank and credit balances are, and how much interest they have earned.
Although mint.com is a new site, it has EXPLODED in popularity. Just check outs its Alexa graph ,which shows a nearly tenfold increase in reach in the past year:
Mint.com already has a huge userbase, and has the potential to revolutionize the way people manage their finance. Mint.com could easily be the next smartmoney.com, fool.com, quicken or quickbooks. The potential for growth and revenue is unlimited.
I arrive at the $2 billion dollar figure because mint.com already has already seized the majority of the ’social finance’ marketshare, which could easily be a $10-100 billion dollar industry in the next decade. Mint currently has over 160,000 users and it adding 10,000 users every week, which is extremely impressive for a company just a year old. Also, no other company can compete with mint.com because mint.com already has such a large lead. Trying to compete with mint.com would be like competing with Google or the IPod. In addition, wouldn’t be unreasonable if mint.com’s revenue exceeded $10-20 million dollars a year by 2010, with its revenue doubling ever year.
If mint.com were to go public this year, would it be too far fetched to assume that its market cap would exceed at least a billion dollars in its first day of trading? I think not. Funds and institutions are more than willing to invest hundreds of millions of dollars in the future of social finance.
Therefore for the reasons above a $2 billion dollar valuation is far from bubble territory, but it is in fact very reasonable.
We are in a new era of web 2.0 and smartism. Web 2.0 companies aren’t just websites but entire media entities such as CNN or Fox News with huge userbases and huge revenue growth. Mint.com isn’t just a financial website, but a financial media company with millions of potential users that can be monetized.
We’re Still In a Bull Market
Even after Bear Sterns meltdown yesterday, the stock market remains well in bull market territory. The S&P 500 closed at 1388-still thirty six points above the critical 1252 level. A close below that level would officially herald a bear market, but it has yet to happen. The fact that stocks were able to hold up relatively well on Friday is a very bullish sign because it indicted that the majority of investors view the Bear Sterns blowup as in isolated event.
Remember the Enron and Worldcom blowups of Spring 2002? All the usual boo hoo hoo ers through this was the final nail in the coffin for US business, after what has been a huge bear market. Pessimism and negativity dominated the business headlines, as fears over further business scandals gripped investors.
But the panic was unfounded as there were only handful of corporate scandals, and by the Fall of 2002, just a few months after the collapse of Enron, stocks abruptly began a six year bull market. Maybe things weren’t so bad after all.
Here are some charts that illustrate my point. As you can see below, the DJIA is still above the jan 23rd level. After all of this negativity regarding recessions, bear markets, inflation, Bear Sterns, we still haven’t made fresh lows.
The longer trend for the DJIA (and stock market in general) is still very bullish.
In conclusion, now is a better time than ever to buy stocks. The bull market which began on October of 2002 ISN’T over.
Iamned.com Mission Statement
In the past few months the content of iamned.com has shifted from SEO and internet marketing type advice to stock market and economic analysis. I am aware of this shift, and thats how I intend for it to be. I will occasionally write about online marketing, but the main focus of iamned.com will be on the stock market, web 2.0, lambasting websites that suck (such as wickedfire, commentgeeks.com, and bluehatseo), and the economy.
With regards to the stock market I firmly beleive that making money in the stock market should be easy. The goal of the stock market is to make money, and if you buy ther stocks that have a tendency to go up, have huge growth, and hold them for while, you will make vastly more money than over-leveraged daytraders. Some stock market blogs like slopeofhope.com make the process of stock trading needlessly difficult, complicated, and risky. You don’t need to trade options, invest in expensive software and hardware, or daytrade to make huge a lot of money with stocks.
In 2007 my ENTIRE portfolio rose 40%, far exceeding the market averages. I intend for 2008 to be a repeat of this stellar performance. Did I daytrade?..nope. All I did was buy and hold the stocks that went up, and made good money in the process.
Consider this: you buy $40K of MOS (The Mosaic Company)stock at $110 and it surges to $130. You’ve just made about %15 percent or about $6K with just a single buy order. Ok, I know I’m oversimplifying things because there is a possibility MOS could tank as with any investment, BUT if you look at the historical five year chart and the fundamentals behind the company, the odds favor it going much higher.
Thats how making money in the stock market should work. There is no need to waste time and money on multiple monitor setups, arcane trades, over-leverage, and slippage when you can just place a few buy and sell orders and make far more money for less risk. It is an established fact that at least 75% percent of daytraders will lose money, so what you think that with your high-tech, quad LCD setup you will be one of the few that succeed? The ‘primitive’ buy & holders are the ones making money, actually.
Another problem investors face is an over bombardment of information and news, the vast majority of which is trivial and misleading. One of my goals of iamned.com it to simply the vague, obfuscated world of the stock market into black and white. While platform, high-techday traders over-scrutinize economic data, I simply the data in terms anyone can understand. When I write that “housing is not a big deal”, it isn’t a big deal. Instead of obsessing needlessly over housing or economic data you should just login to Etrade, Scottrade, and just buy some EWZ or other stock I recommend on iamned.com. By the time the economic data is released, the huge funds have already digested it. What makes you think that you can beat the pros with your home setup? It’s futile trying to trade the news because the pros already have you beat. Instead, buy the stocks that go up (which I recommend on iamned.com) on any dips and start making money.
In conclusion, first and foremost making money in the stock market is suposto be easy. The main goal of iamned.com is to simply the confusing world of the stock market into recommendations normal, average people can undearstand.
This Imaginary ‘Credit Crunch’ and ‘Liquidity Crisis’ Is So Painful
Oh no woe is me. We’re in a credit crunch and a liquidity crisis. I can’t get me any liquidity. I can’t get any credit. Boo hoo hoo there is too much inflation. My house keeps falling in value. Boo hoo hoo the war in Iraq is going on too long. The dollar keeps falling and there is too much inflation. I have no credit and no liquidity. PLeeeease Obama help me. I lost my job due to outsourcing. The economy is in shambles. We’re in a bear market. I hate free trade…blah blah blah
The pro-Obama, pro-Ron Paul protectionist, isolationist, anti-Nafta, leftist media will have you believe there is is a credit crunch and a liquidity crisis. But this couldn’t be further from the truth. These is TONNNS of credit and HUUUGE liquidity. You can’t tell me there is a ‘credit crunch’ or a liquidity’ crisis when there isn’t one.
There is still massive credit card spending and consumer debt. Banks are still issuing out credit cards and loans. If there were really a ‘credit crisis’ or ‘liquidity crisis’ that wouldn’t be possible. Consumers and students still maxing out the credit cards. Foreigners coming from overseas to buy US goods thanks to the falling dollar. The left-wing losers will have you think that a falling dollar is bad for the US economy, when that couldn’t be further form the truth. The falling dollar is extremely beneficial to the economy, as I have written last month in a prior article.
We’re in a global economic boom, and if there were a credit crunch or liquidity crisis that wouldn’t be possible. China and India’s GDP’s are growing at 8-11 percent a year. We’re also in a second Silicon Valley dotcom boom with Web 2.0. Housing prices keep surging in the Bay Area. No way you can say there is a housing bubble when there isn’t one. Web 2.0 is certainly not a bubble and facebook is still worth $30-45 billion dollars, contrary to the leftist bubblehead losers who say that is a bubble valuation. We have huge consumer spending and student loans as well. The colleges are packed with students, each of them with credit cards.
Where is the credit crunch, huh? I don’t see it. Pleaaaase help me find it. This credit crunch is so painful. I can’t take it anymore. PLease for the love of god make it stop. I have no credit and no liquidity.
Today Bloomberg reported that the Carlyle Group is near collapse. Creditors plan to seize more than $400 million dollars in assets. Yaaawn…does anyone care? Not me and certainly not the market. Since the article was published the Dow Jones Industrial Average has surged 280 points, reversing an 200 point morning loss. Wow markets up again. This credit crunch is unbearable. Make it stop. If this story was really such a big deal the markets would be deep red, but they are well into the green so that only proves that no one caress about these doomsayer stories published by Anti-free trade, pro-Obama lefties.
You must buy MA (mastercard) stock. The fact that MA stock has doubled this year is PROOF there is no credit crunch or liquidity crisis. If people didn’t have access to credit or liquidity they wouldn’t be able to max out their credit cards and take out loans, and MA would be much lower. Mastercard’s staggering success shows no sign of slowing in spite of the media generated ‘financial crisis’. The consumer is stronger than ever and will continue to max out credit cards, and that trend isn’t gonna change. I have a target of $300 for MA stock this year.
Overall, there is no credit crunch or liquidity crisis except an imaginary media generated one. I am still VERY bullish on the stock market. The bull market which began on October of 2002 is far from over. There is no recession. The dow will retest 14,000 this year, and make historic highs in early 2009. And this ‘credit crunch’ and ‘liquidity crisis’ will be seen as little more than a blip.
Upgraded to disqus comment system
I have upgraded Iamned.com to the disqus commenting system. This will allow Iamned.com readers to create accounts and avatars and other features.
To create a disqus account go here:
it is very easy
Contentgeeks.com- a worthless website
I was on wickedfire.com and I come across Contentgeeks.com. The site was created by wickedfire noob member Geekcognito, and for a fee ‘writers’ will write various content for you such as ebooks, press releases, sales pages, articles etc.
The site is a complete joke, and utterly useless. The funny part is when Geekcognito created it he was serious, and oblivious to the crappyness his website.
First off, unique content=DOES NOT EQUAL RANKINGS OR TRAFFIC. Iamned.com has probably over hundred pages of entirely unique content yet it only gets at best a dozen search engines visitors a day. The rest of the traffic comes from various forums, blogs, and discussion boards. Forking over $100’s of dollars for unique content in the hope of getting organic traffic is wasteful when you can just set up a PHP cron job to auto post content on your blog for free. The craped content will get the same traffic as the original content.
Second, the site is unprofessional and doesn’t convey any actual value to the potential customer. There is no phone number in the contact section, which denotes lack of professionalism. Wost of all there are no sample works. How do you expect anyone to shell out hundreds of dollars on copywriting or press releases when there are no way of verifying the quality of work?
In addition, the prices are way too high. $200 for an undistributed press release…lol what a putz and a flooz. Only from wickedfire do such idiots reside. No one is stupid enough to spend that much money on a press release, especially when there is no distribution and no samples of prior work from satisfied customers.
As an insult to injury the site isn’t even indexed in google!
Overall, contentgeeks.com is a joke of a website, but since it was created by a noob who probably ingested too many paint chips as a child this doesn’t surprise me. I’m not going to even bother to backlink to it.