Markets Recover *nearly* All Losses
There is some buzz regarding freddy and the discount window. The Markets have recovered ALL loses. Still 30 minutes of trading.
Disregard all useless technical analysis and resistance and support nonsense. Just going in and buy these stocks NOW:
POT MOS IPI KOL PCX BTU EWZ CLF
Coal and potash are the future. Stop day trading like an idiot and buy these stocks and don’t look back. You can’t fail. Buy
Phil Gramm is Right. We are a Nation of Crybabies
Recently the McCain campaign has gotten into some flack regarding the brutally honest statements by his economic adviser, Phil Gramm, which is that America is in a mental recession.
Phil Gramm is spot on. We are indeed in a fake recession. There hasn’t been a single negative quarter of GDP growth since 2001 and many sectors such as energy and materials continue to thrive. Stocks such as POT PCX CLF AAPL GOOG AAPL MA V RIMM, which I have recommended on my blog for awhile, have held up very well. Yes we are now officially in a bear market, but no recession.
If were were really in a recession why did Hancock and Wallie gross tens of millions of dollars over the weekend? If the consumer were really tapped out as the boo hoo hoo pro Obama liberals claim those movies wouldn’t have done nearly as well because Americans would have stayed at home. Why is Apple projected to sell 40 MILLION iphones? Why is Facebook, Google and Myspace seeing record traffic and revenues? So much for a recession.
Americans have tons of purchasing power, credit, and huge liquidity. There is no credit crunch or crisis, except a leftist media generated one. If Americans had no access to credit why would Visa and Mastercard stock be near record highs?
The truth of the matter is, Phil Gramm, a senior economist knows there is no recession, which confers what I have been saying for the past year. The only recession is an imaginary, pro Obama generated one. Period. Boo hoo hoo gas prices keep going up. Boo hoo hoo oil is a $146. Boo hoo hoo war in iraq is going on to long, boo hoo hoo I can’t afford groceries, education, and health care. Boo hoo hoo McCain is going to win in 08′ and Obama will lose. Boo hoo hoo jobs are being ’shipped overseas’. Pleeeeaase help me Obama I’m a crybaby liberal.
Oil WILL go to $200. Gas will go to $6 gallon. Facebook is worth $30 billion. We are still in the smartist era of hypercapitalism, web 2.0, consumerism, materialism, globalism, paymentism, and spendism. Phones will be wiretapped under FISA and you will like it. McCain will win. No pull out in Iraq and no time tables.
In the meantime instead of being a loser BUY these stocks and ETFs for the ‘new era’:
MOS POT IPI MA
V PCX EWZ KOL CLF
AAPL GOOG BIDU
RIMM FSLR BTU
CLR ANR OIL/USO
Oh No!! Markets Stopped Going Lower?
Oh no no more selling? No more fake recession news? Dow 13000 soon? S&P 1370 again? Looks like the selling is done and a bear market was narrowly averted for a third time. The spooz never closed below the critical 1252 level. The lowest was 1260 last week, but that is still eight points above a bear market.
The DJIA and Nasdaq don’t count. The spooz must be below 1252 for there to actually be a bear market. Period. End of story. If that happens I’ll leave for good, but it won’t happen so I have nothing to fear, but not making enough money.
You blew it bears. So close to a bear market but so far. Not gonna happen now. Time 2 go long.
Buy the AAPL and RIMM. Buy the GOOG EWZ KOL POT MOS MA V FSLR BIDU
yup same old leadership again
nothing has changed