Update: Palin Rocks RNC, Obama will Lose
It’s been awhile since I updated Iamned, and a lot has happened since then. Obama and McCain had their conventions, Sarah Palin “Assails Critics and Electrifies Party” (NY Times), McCain compares Obama to Paris Hilton, and stocks have been hammered. The reason why I haven’t updated the blog to focus on my favorite interest; mathematics.
Here is a rundown:
There is still no recession and the Iraq surge is working. As evidenced by the RNC McCain and Sarah Palin are true patriots, while Barrack Obama and Michelle Obama resent working, hard working white Americans.
While Obama did win the nomination there are still 18 million Hillary voters whose votes were recklessly cast aside to make way for the The Messiah. Recent polls show that up to twenty five percent of Hillary voters will vote for McCain, and unlike Obama Hillary appeals to working, Reagan democrats which is key to winning the swing states like Florida and Ohio. If Obama really cared about ‘party unity’ he would have conceded to Hillary at the convention since she would have a greater chance of defeating McCain, and she did win the popular vote.
In addition, no one except boo hoo hoo pro-Obama liberals cares about the rising oil, the rising food prices, the Iraq war going on too long, the rising college tuition, the pain at the pump, the credit crunch, the liquidity crisis, the outsourcing, the falling dollar, and the falling home prices.
Millions of students still maxing out credit cards, buying ipods, downloading itunes, and logging into Myspace and Facebook. This fake recession is so painful. Record profits from Google, Apple, and Research in Motion? Must be a lie because according to Obama the US economy is in a great depression and the consumer is ‘maxed out’.
We’re still in the new era of Web 2.0, globalism, consumerism, spendism, and smartism. The era of free market capitalism and free trade is here to stay while protectionism, government programs and entitlement is over. McCain’s campaign is on the forefront of this globalist new world order transition, while the Obama is still stuck in the past. This is why McCain will win.
Boo hoo hoo gas is too expensive. I can’t afford to commute to work. Boo hoo hoo manufacturing jobs are being outsourced. Can’t afford health care and groceries. Pleeeeeaaaase help me Obama.
As I predicted months ago Obama’s intrade numbers would fall. Sure enough, Obama’s numbers are off four points and McCain’s have risen ten points (as of 9/4/08).
I wrote that Offshore drilling would save the McCain campaign, and as a political maneuver Obama has flip flopped on drilling to reflect the growing public demand for drilling to alleviate high oil prices.
The Palin RNC speech will further aid in bolstering McCain’s polling numbers in the coming days. Even the liberal media and major Bay Area newspapers such as the San Francisco Chronicle and San Jose Mercury News are praising it. It was an unequivocal success. The critics are smitten.
And buy the stocks I recommend for the new era. Although some of these stocks are thirty or more percent off their highs they are still very good buys. The demand for coal is huge. NO way PCX and KOL are going much lower. The demand for Arab oil is insatiable. Disregard the cook TBoon Butt Picker’s ‘plan’. Energy independence is a pipe dream. And the purchasing of $750 billions dollars a year of Arab oil is not a ‘wealth transfer’, but a transaction.
After McCain is elected oil will surge to $150, the dollar will fall, and the stock market will surge. The dow could easily see 14,500 next year on a technology, energy, and materials based rally fueled by a cheap dollar. The stock picks of the new era will lead the rally.
Apple Sells a Million iPhones; Proof US Economy is Robust
Apple announced today that it had sold 1 million 3G iphones over the weekend, exceeding all expectations. This mental recession is so painful. For the love of god make it stop.
Shouldn’t the consumer be ‘tapped out’ as the pro-Obama Marxist losers claim? Surely it has to be a hoax that Apple could sell roughly $400 Million dollars worth of iPhones in a single weekend. Aren’t we already in a great depression according to Obama?
If the consumer didn’t have any purchasing power in the form of credit cards, home equity, and rebate checks Apple wouldn’t have sold so many iPhones in such a short period of time. This proves as I have been saying for months that there is no credit crunch nor a liquidity crisis. Americans will continue to max out their credit cars to buy food, gas, and iphones, which benefits Visa and Mastercard; two stocks I have been recommending on this blog for awhile that have crushed the market.
We’re still in the new era of smartism, spendism, hypercapitalism, consumerism, paymentism, and web 2.0 which is why consumers will keep spending, McCain will win, facebook is worth $30 billion, and why the oil, food, and gas prices will keep rising. And there will be no pull out in Iraq or time table. The borders will be opened and jobs will continue to be insourced and outsourced. Obama and his baby momma will have an aloof Christmas in Chicago where they can belittle hard working Americans without impunity.
Sh*t Boom! Market Erases Gains
Sh*t Boom!
Within the first hour of trading the markets forfeited all the Sunday gains. All the major indicies are in the red, with the nasdaq down nearly one percent. Yesterday I was certain there would be a massive rally, but we got a sell off instead. I was dead wrong. Oh well shit like that happens. Bfft
Since I don’t advocate day trading and use a buy and hold strategy I’m not concerned about the sell off. My shares in MOS are up again for the fifth day in a row or something, and Visa and PCX are flat, so even with the reversal I’m well in the green. Meanwhile, day traders are trying to pick the bottom and top while losing money in the process.
The best strategy for these turbulent market conditions is to buy the same stuff that has been working for the past year. Stuff like KOL, PCX, MOS, MOT, AAPL, CLF, EWZ.
Futures Up HUUUUGE Market Set to Gap Higher
In a stunning turn of events the US market futures are up huge on reports that Paulson will shore up capital for the ailing Freddie and Fannie:
This proves once again that you don’t fight the fed, and that the best way to make money in the stock market is to buy the stocks that Ned recommends. Stocks like AAPL, MA, VISA, PCX, KOL, EWZ, POT, MOS, and GOOG. Boo hoo hoo markets too risky. Boo hoo hoo too much volatility and uncertainty. All rubbish. It is always a good time to buy stocks IF you buy the stuff I recommend. Also, don’t try to pick the bottom on financial stocks. With the exception of GS all financial stocks are garbage and should be avoided at all costs regardless of what the fed does.
While the losers reading slopeofhope, bigpicture and other day trading and economic blogs are kicking themselves for being out of the market, I can rest assured knowing that my Visa, MOS and PCX stock will be up huge tomorrow. No need to try to time the market when making money is as simple as buy and hold.
How much will the DJIA be up Monday? 200…300…450 points? Perhaps..All I know is tomorrow I’m gonna be seeing a lot of green, while the only green day traders, short sellers, and other losers will be is envy.
Ignore the talking heads and pundits who are over-analyzing the markets. The ‘credit crunch’ is fake, there is no recession except a mental one, there is tons of liquidity, and no housing bubble.