Wednesday, October 31, 2007
Im sceptical but Cramer isn't
The point of the matter is that my expectations haven't been met but then again Im not patient as is Cramer so I guess patience is the name of the game.
Tuesday, October 30, 2007
Here we go again
The Fed tomorrow has the weight of the world on its shoulders where one slip up will cause world wide economic collapse.
As they say in sports "we had our opportunities and we blew it."
Tomorrow is the day to turn the tvs off and see how the world does react to the news.
As I spend more time watching the markets, it seems that I need to be going for walks and thinking things through. It is the only way of separating oneself from the gamblers which tomorrow is the ultimate one.
It really is like the Rockies/ Red Sox series where there was no upset and the big money won, because it was the smart money as well. Smart money has already told you what they think: the dollar decline keeps asset producing equity up as well as the commodities it needs to consume. But also the ultimate currency which reflects the debasing of others: gold.
But the question for me is : silver. What is going on? If it's an industrial metal then it is woefully underpriced especially since there is a production deficit. If it's a precious metal then it should be retracing 1980 levels as is gold. And should be at $50 an ounce.
Silver for me should be the winning commodity so buy as many silver companies as possible.
As they say in sports "we had our opportunities and we blew it."
Tomorrow is the day to turn the tvs off and see how the world does react to the news.
As I spend more time watching the markets, it seems that I need to be going for walks and thinking things through. It is the only way of separating oneself from the gamblers which tomorrow is the ultimate one.
It really is like the Rockies/ Red Sox series where there was no upset and the big money won, because it was the smart money as well. Smart money has already told you what they think: the dollar decline keeps asset producing equity up as well as the commodities it needs to consume. But also the ultimate currency which reflects the debasing of others: gold.
But the question for me is : silver. What is going on? If it's an industrial metal then it is woefully underpriced especially since there is a production deficit. If it's a precious metal then it should be retracing 1980 levels as is gold. And should be at $50 an ounce.
Silver for me should be the winning commodity so buy as many silver companies as possible.
Monday, October 29, 2007
Sounding smart and losing money
Mr. Cramer wrote the best blog concerning trading and investing today. Something I hope to memorize but essentially it is his slogan "I'm not here to make friends, but to make you money."
Sounding smart doesn't make you money and trading that way may lose you money. Look at what the market is saying and pick your shot!
The market is saying BUY BUY BUY
Why fight the trend.
Yes, there are stocks and sectors, some overwhelmingly so, that are bearish but the stocks that are going up are doing it in such eye poppingly ways there is no point in shorting.
The market will tell you when to go all out and SELL!
Sounding smart doesn't make you money and trading that way may lose you money. Look at what the market is saying and pick your shot!
The market is saying BUY BUY BUY
Why fight the trend.
Yes, there are stocks and sectors, some overwhelmingly so, that are bearish but the stocks that are going up are doing it in such eye poppingly ways there is no point in shorting.
The market will tell you when to go all out and SELL!
Missed the boat, or did I?
I believe that my investment choices have yielded profitable results but then you look at so many stocks that doubled you wonder what's going on? Why wasn't I in on it?
There is a saying "Jack of all trades, master of none" It is the epitome of investing and the concept of cycles. Referring to cycles: "your time will come." It just may not be aligned with the surge and excitement portrayed on CNBC. Of course, you want to reassess your choices in case they were wrong, but be satisfied with what you are dealt because that is all your given.
There is a saying "Jack of all trades, master of none" It is the epitome of investing and the concept of cycles. Referring to cycles: "your time will come." It just may not be aligned with the surge and excitement portrayed on CNBC. Of course, you want to reassess your choices in case they were wrong, but be satisfied with what you are dealt because that is all your given.
Sunday, October 14, 2007
Friday, October 12, 2007
As for meddling
Look at the random legislation a congessional panel just passed: 1914 (I believe) Turkish violence against the Kurds should be officially considered genocide.
1) The Iraq government close to dissolving which we put in place.
2) Keeping the Saudi Arabian royalty in place in order to keep the oil gushing, but are funneling money to extremist groups to keep the peace the kingdom
3) Lebanon close to a civil war
4) On again off again relationship with Syria
5) Israel and a peace process that has stalled for 10 years
6) Egypt and Jordan who keep pressing for a peace process but are in US pockets by the billions of subsidies they get by the US which in fact is greater than what Israel get
And finally Turkey. A liberal democratic Arab country which just had a military coup to keep it liberal. And another key fact, stable. They actually have a healthy relationship with Israel. And historically the capital and headquarters of what was known as the Ottoman Empire. An empire in its day as mighty as any Western Empire. A country that let US set up shop in the Iraq War, albeit temporarily.
But the US seems to not want a healthy relationship with a thriving country. Do we want our country to also meddle in global warming which will turn out to be another boiler plate.
We just started our ethanol kick and grains have risen 60% while only one nuclear power plant license was filed. Where are our priorities?
It's is for the leaders to maintain power which in this country is to buy votes for the big boys and screw everyone else. That truly is the beginning of the middle stretch of a Republic not a Democracy where our votes actually count.
But alas we do have one free market and that is capital markets the only place where there is a $ sign for all legislation.
I guess what we can do is profit from it, write letters to our leader, and strike up conversation.
1) The Iraq government close to dissolving which we put in place.
2) Keeping the Saudi Arabian royalty in place in order to keep the oil gushing, but are funneling money to extremist groups to keep the peace the kingdom
3) Lebanon close to a civil war
4) On again off again relationship with Syria
5) Israel and a peace process that has stalled for 10 years
6) Egypt and Jordan who keep pressing for a peace process but are in US pockets by the billions of subsidies they get by the US which in fact is greater than what Israel get
And finally Turkey. A liberal democratic Arab country which just had a military coup to keep it liberal. And another key fact, stable. They actually have a healthy relationship with Israel. And historically the capital and headquarters of what was known as the Ottoman Empire. An empire in its day as mighty as any Western Empire. A country that let US set up shop in the Iraq War, albeit temporarily.
But the US seems to not want a healthy relationship with a thriving country. Do we want our country to also meddle in global warming which will turn out to be another boiler plate.
We just started our ethanol kick and grains have risen 60% while only one nuclear power plant license was filed. Where are our priorities?
It's is for the leaders to maintain power which in this country is to buy votes for the big boys and screw everyone else. That truly is the beginning of the middle stretch of a Republic not a Democracy where our votes actually count.
But alas we do have one free market and that is capital markets the only place where there is a $ sign for all legislation.
I guess what we can do is profit from it, write letters to our leader, and strike up conversation.
Of course, like tobacco and asbestos
Global warming will be seen as a great way of suing and garnering income for municipalities, cities, states, and the federal government.
That will be the ultimate outcome and the fear of litigation it will create will cause even more outsourcing opportunities and greater wealth disparities.
Don't buy into it.
If there was no heavy regulatory oversite of corporations there would still be scandal as there is today. But the fear the corporations would have be to their customers, not the federal government. And they wouldn't last too long in business if they were killing their workers in unsafe work environments or selling them lead tainted toys.
Which comes to China, Hank Paulson and Congresses calls for China to raise their Renminbi fell on deaf ears to te common American "too complicated," but lead tainted toys caused concern where US corporations are looking into their dealings with China.
No federal law was needed for this to occur nor oversite, but good ole fashion business ethics.
That will be the ultimate outcome and the fear of litigation it will create will cause even more outsourcing opportunities and greater wealth disparities.
Don't buy into it.
If there was no heavy regulatory oversite of corporations there would still be scandal as there is today. But the fear the corporations would have be to their customers, not the federal government. And they wouldn't last too long in business if they were killing their workers in unsafe work environments or selling them lead tainted toys.
Which comes to China, Hank Paulson and Congresses calls for China to raise their Renminbi fell on deaf ears to te common American "too complicated," but lead tainted toys caused concern where US corporations are looking into their dealings with China.
No federal law was needed for this to occur nor oversite, but good ole fashion business ethics.
Al Gore has joined
Yasser Arafat as a winner of the Nobel Peace Prize. Yasser had won it over a peace process that is yet to occur but is responsible for thousands of lives. Mr. Gore is responsible for heightening our awareness, no our fear, of global warming but his solutions are as thin as the arctic ice he so fears which will cause billions if not trillions of dollars of economic waste.
I fear that global warming will be like our war on drugs, on terror, on illiteracy, on poverty, etc. It will create a larger bureaucracy that we don't need presently and will raise the cost of living.
Our, Western society, living standards have increased, but I maintain that we swept out dirt under the rug (pollution) in China and India. But didn't get rid of it!
The simple fact of life is that man in born free. He is born to consume and expand. When that course of nature is constrained, revolutions occur. Global Warming is so new, we don't realize that thoughts of 'global harmony' is similar to the Communist mantra of 'social equality.'
I fear that global warming will be like our war on drugs, on terror, on illiteracy, on poverty, etc. It will create a larger bureaucracy that we don't need presently and will raise the cost of living.
Our, Western society, living standards have increased, but I maintain that we swept out dirt under the rug (pollution) in China and India. But didn't get rid of it!
The simple fact of life is that man in born free. He is born to consume and expand. When that course of nature is constrained, revolutions occur. Global Warming is so new, we don't realize that thoughts of 'global harmony' is similar to the Communist mantra of 'social equality.'
Tuesday, October 9, 2007
Writer's block, Investor's block
I haven't written as much because I am satisfied in my purchases and cannot think of anything to add.
Monday, October 8, 2007
eCommerce vs. Mining
Facebook is getting media attention. Most probably from the fact of how young the CEO is and the amount he is worth. Yet the company isn't making money, only selling potential. While the mining companies with real assets are viewed with skepticism. For mining companies, the potential is there, but at the right price: meaning will the demand be there when they are up and running.
People are comfortable buying tech stocks with 50 PE while all they know is how to take pictures on the cell phone and email on their laptops. On the other hand, mining companies, which every human fundamentally understands all aspects of the operation, are undervalued compared to the rising demand and sinking dollar.
IS IT POSSIBLE TO HAVE ALL COMMODITY STOCKS WITH WILD PE RATIOS BEFORE THIS BULL MARKET IS OVER. EXXON WITH 80PE????? 0.05% DIVIDEND????
People are comfortable buying tech stocks with 50 PE while all they know is how to take pictures on the cell phone and email on their laptops. On the other hand, mining companies, which every human fundamentally understands all aspects of the operation, are undervalued compared to the rising demand and sinking dollar.
IS IT POSSIBLE TO HAVE ALL COMMODITY STOCKS WITH WILD PE RATIOS BEFORE THIS BULL MARKET IS OVER. EXXON WITH 80PE????? 0.05% DIVIDEND????
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