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we'll be busy again... as long as socialism isn't part of our future. Money will be made again...
wasssamatter... you no like Pelosi?
GM as well - I miss our periodic chats on the telly, but you HAVE to remove the pic of the beast in your siggy
I'll try to give you a buzz soon....my office is moving and the cell doesn't work indoors.
partially friggin rich... GM
Which one...you predicted a lot, so you should be friggin rich! LOL
Any of Y'all following SOHU. I have absolutly loaded the boat on this stock. I have a buy order in for every dollar it goes down.....
From the most recent 10k
During the year ended December 31, 2008, our total revenues increased by 127% to US$ 429.1 million, gross margin increased from 66% to 75% and diluted net income per share increased from $0.90 to $4.06, as compared to the previous year. Our two core businesses, brand advertising and online games, were the key drivers of growth. Our brand advertising business generated revenues of US$169.3 million with 51% annual growth, representing 39.5% of total revenues, and online games generated revenues of 201.8 million with 379% annual growth, representing 47.0% of total revenues.
http://biz.yahoo.com/e/090226/sohu10-k.html
Remember my prediction.... I was off by a few days...
GM auditors raise the specter of bankruptcy
GM auditors raise doubts about viability, company says bankruptcy possible if bailout fails
DETROIT (AP) -- General Motors Corp.'s auditors have raised "substantial doubt" about the troubled automaker's ability to continue operations, and the company said it may have to seek bankruptcy protection if it can't execute a huge restructuring plan.
The automaker revealed the concerns Thursday in an annual report filed with the U.S. Securities and Exchange Commission.
"The corporation's recurring losses from operations, stockholders' deficit, and inability to generate sufficient cash flow to meet its obligations and sustain its operations raise substantial doubt about its ability to continue as a going concern," auditors for the accounting firm Deloitte & Touche LLP wrote in the report.
In pre-market trading, GM shares fell 14 percent from Wednesday's close, to $1.90.
GM has received $13.4 billion in federal loans as it tries to survive the worst auto sales climate in 27 years. It is seeking a total of $30 billion from the government. During the past three years it has piled up $82 billion in losses, including $30.9 billion in 2008.
The company faces a March 31 deadline to have signed agreements of concessions from debtholders and the United Auto Workers union to show the government it can become viable again. On Feb. 17 it submitted the restructuring plan to the Treasury Department that includes laying off 47,000 workers worldwide by the end of the year and closing five more U.S. factories.
GM said in its filing that its future depends on successfully executing the plan.
"If we fail to do so for any reason, we would not be able to continue as a going concern and could potentially be forced to seek relief through a filing under the U.S. Bankruptcy Code," the Detroit-based automaker said in the annual report.
GM, the report said, is highly dependent on auto sales volume, which dropped rapidly last year. "There is no assurance that the global automobile market will recover or that it will not suffer a significant further downturn," the company wrote.
GM has said it wants to avoid bankruptcy protection because it would scare off customers. Car buyers, the company has said, would be reluctant to buy from an automaker in bankruptcy protection due to fears that it wouldn't be around long enough to honor warranties or make replacement parts.
GM, in its viability plan submitted to the Treasury last month, said it explored three bankruptcy scenarios, all of which would cost the government more than $40 billion.
Chief Operating Officer Fritz Henderson said at the time that the government would be the only place the company could get financing for bankruptcy reorganization, because the credit markets are frozen. The worst-case bankruptcy scenario would cost the government $100 billion, Henderson said, because revenue would severely drop due to a lack of sales.
He said there is not a lot of research about whether people would buy cars from an automaker in bankruptcy protection, but "that which is there suggests that sales fall off a cliff."
GM warned last month that its auditors may raise the "going concern" doubts, and industry analysts said auditors' statements may trigger clauses in some of GM's loans, placing them in default.
But the company said in its filing that it has received waivers of the clauses for its $4.5 billion secured revolving credit facility, a $1.5 billion term loan and a $125 million secured credit facility.
"Consequently, we are not in default of our covenants," the report said. "If we conclude that there is substantial doubt about our ability to continue as a going concern for the year ending Dec. 31, 2009, we will have to seek similar amendments or waivers at that time."
GM spokeswoman Julie Gibson said there is no clause in the terms of the government loans that places them in default if the auditors raise doubts about GM's ability to keep operating.
"That was not a condition of the loan. It's not in the agreement," she said.
After this whole housing debacle, I at least though BofA would survive.... now look at it. Damn... How the mighty have fallen
Nice headlines... yet market is up. LOL
667K new jobless claims; continuing claims top 5M - AP - 41 minutes ago
New jobless claims rose more than expected last week and the number of laid-off Americans continuing to receive unemployment benefits topped 5.1 million, fresh evidence the recession is increasingly forcing employers to shed jobs.
Wall Street opens higher as investors bet on banks - AP - 7 minutes ago
Wall Street is opening higher as investors show some relief over more government help for the banking system. President Barack Obama's budget proposal outlines the possibility of spending $250 billion more for additional financial industry rescue efforts on top of the $700 billion that Congress has already authorized, a senior administration official told The Associated Press.
GM posts $9.6B 4Q loss, burns through $6.2B cash - AP - 30 minutes ago
General Motors Corp. posted a $9.6 billion fourth-quarter loss and said it burned through $6.2 billion of cash in the last three months of 2008 as it fought the worst U.S. auto sales climate since 1982 and sought government loans to keep the century-old company running.
Official: Obama budget sees $1.75 trillion deficit - AP - 27 minutes ago
President Barack Obama is sending Congress a budget that would boost taxes on the wealthy and curtail Medicare payments to insurance companies and hospitals to make way for a $634 billion down payment on universal health care.
JPMorgan to cut 12,000 jobs related to WaMu deal - AP - 40 minutes ago
JPMorgan Chase & Co. said Thursday it will eliminate about 12,000 jobs as it folds in the operations of Washington Mutual Inc.
RBS posts record loss, unveils restructuring plan - AP - 2 hours, 50 minutes ago
The Royal Bank of Scotland posted an annual loss of 24.14 billion pounds -- the biggest in British corporate history -- and unveiled a massive restructuring Thursday that will offload many of its international businesses.
An excellent letter for children who are expecting an inheritance as well, don't you think????
A Letter From a Granddad
Guess you heard that 68% of the youth vote went to Obama. My granddaughter called this morning to tell me she was one of them. I replied with this e-mail:
Dear Susan,
The election of Obama comes down to this. Your grandmother and I, your mother, and other productive, wage-earning tax payers will have their taxes increased and that means less income left over. Less income means we will have to cut back on basic purchases, gifts and handouts.
That includes firing the Hispanic lady who cleans our house twice a month. She just lost her job. We can't afford her anymore.
What is the economic effect of Obama's election on you personally? Over the years, your grandmother and I have given you thousands of dollars in food, housing, cash, clothing, gifts, etc. By your vote, you have chosen another family over ours for help. So in the future, if you need assistance with your rent, money for gas, tires for your car, someone to bring you lunch, etc. ... call 202-456-1111 . That's the telephone number for the Office of the President of the United States . I'm sure Mr. Obama will be happy to send a check from his personal or business accounts, as we have, or leave cash in an envelope taped to his front door for you, as we have.
It's like this. Those who vote for the President of the United States should consider what the impact of an election will be on the nation as a whole and not just be concerned with what they can get for themselves (welfare, stimulus checks, etc.). What Obama voters don't seem to realize is that the government's money comes from taxes collected from tax paying families. Raising taxes on productive people means they will have less money to spend on their families.
Congratulations on your choice. For future reference, you might attempt to add up all you've received from us, your mom, Mike's parents and others and compare it to what you expect to get over the next four years from Mr. Obama.
To congratulate Mr. Obama and to make sure you're on the list for handouts, write to:
The White House
1600 Pennsylvania Ave. NW
Washington , DC 20500
Love you Susan, but call the number listed above when you need help.
Granddad
Congrats! I think most of us seem to prefer Forex to the equities these days....if you still have my e-mail, send me one when you have a minute.
...and dog, you need to stay in touch so we know the Michiganites haven't killed you.
Not much on stocks...
But been making a KILLING on forex... really learned alot of TA over the past year... weeeeee
If only we could put money where our mouths were....very nice call...I remember trading those puts at $60 PPS
Deadbeats Devastate Capital One
Tom Reese and Paul Rubillo, Dividend.com , 02.17.09, 02:00 PM EST
It's no surprise that borrowers are having a hard time paying bills, and the reality bites Capital One.
Capital One Shares Hit Hard On Delinquency Data
Shares of Capital One Financial (nyse: COF - news - people ) are down 16% on trading so far today, after the company reported the rate for loans at least 30 days delinquent increased to 5.02% from 4.78%.
The company also reported its annual net charge-off rate a measure of credit default, for U.S. credit cards rose to 7.82% in January from 7.71% in December. This disclosure follows the credit card outfit's earnings report in which it lost $1.45 billion, or $3.74 per share, in the final three months of 2008.
Looking for the best dividend-paying stocks? Try Dividend.com Premium free for 14 days and track daily dividend stock ratings changes.
We removed Capital One from our "recommended" list on Sep. 29, at a price of $54.55. The stock currently has a dividend yield of 12.39%, based on Friday night's closing price of $12.11. We do not believe the company can sustain the current dividend payout at these levels. The stock broke through technical support in the $14 price area. It appears it will now be testing the $7-$9 price levels next for support. If the shares can turnaround, we see overhead resistance at the $25 level. We would look elsewhere for better investment opportunities at this time.
Capital One Financial is not recommended at this time, holding a Dividend.com rating of 2.5 out of five stars.
Gratzi.... hope you made some coin. Simple logic cannot be ignored in this market. House of cards is falling... COF is doomed. What's not gona be in yer wallet? LOL
I concur, Thank you DOG!!!!!!
I must say congrats Dog, you called COF PERFECT..... If only I had longer puts they would have been rocking... I was too short sighted... must give you PROPS!
WM and COF... nice, not to mention all of the others :)
COF weeeeeeeeeeeeeeeeeee
This is the next legislation that will be implemented.... ammo coding and registration of all ammo you purchase. With a hefty tax and markup added on to "keep everyone safe".
http://www.ammocoding.com/
Fed may buy long-term debt to revive markets
January 29, 2009
The US Federal Reserve on Wednesday said it is prepared to buy long-term US government debt if that would help improve conditions in financial markets and signaled some concern that deflation risks were rising.
In a statement issued at the end of a two-day meeting, the central bank's policy-setting panel also said it was holding its target range for overnight interest rates at zero to 0.25% - the level reached in December - and repeated that it thought rates could stay unusually low for some time.
"The committee ... is prepared to purchase longer-term Treasury securities if evolving circumstances indicate that such transactions would be particularly effective in improving conditions in private credit markets," it said. In December, the Fed had said only that it was studying that option.
The panel voted 8-1 in support of the Fed's decision. Richmond Federal Reserve Bank President Jeffrey Lacker dissented, saying he thought the Fed should immediately move to a program to buy up US government bonds, instead of maintaining its current focus on other asset classes.
With benchmark overnight rates virtually at zero, the Fed has turned its focus to what Chairman Ben Bernanke has dubbed a "credit easing" approach that targets specific assets and markets in the hope of restoring normal lending.
The Fed said it would continue to buy large quantities of morgtage-related debt backed by government-sponsored mortgage enterprises and would expand the quantity and the duration of the program if need be.
It also said it would move ahead with a program to shore up auto, credit card and small business lending to consumers and small businesses. The Fed said it would consider expansions or modifications to any of its lending facilities if necessary to support credit markets.
The central bank is endeavoring to ensure a year-long recession does not lead to a prolonged period of falling prices that could further undermine activity.
"The committee sees some risk that inflation could persist for a time below rates that best foster economic growth and price stability in the longer term," it said in a nod to concerns over the risk of deflation.
Hanging in there
Nice one HH... LOL Hope all is well.
A new element has been discovered:
>
>
>
>
>
>
>
> Lawrence Livermore Laboratories has discovered the heaviest element
yet known to science.
>
> The new element, Governmentium (Gv), has one neutron,
> 25 assistant neutrons, 88 deputy neutrons, and 198 assistant
> deputy neutrons, giving it an atomic mass of 312.
>
> These 312 particles are held together by forces called
> morons, which are surrounded by vast quantities of
> lepton-like particles called peons.
>
> Since Governmentium has no electrons, it is inert;
> however, it can be detected, because it impedes every
> reaction with which it comes into contact. A tiny amount of
> Governmentium can cause a reaction that would normally take
> less than a second, to take from four days to four years to
> complete.
>
> Governmentium has a normal half-life of 2- 6 years;
> It does not decay, but instead undergoes a reorganization in
> which a portion of the assistant neutrons and deputy
> neutrons exchange places.
>
> In fact, Governmentium's mass will actually
> increase over time, since each reorganization will cause
> more morons to become neutrons, forming isodopes.
>
> This characteristic of moron promotion leads some
> scientists to believe that Governmentium is formed whenever
> morons reach a critical concentration. This hypothetical
> quantity is referred to as critical morass.
>
> When catalyzed with money, Governmentium becomes
> Administratium , an element that radiates just as much
> energy as Governmentium since it has half as many peons but
> twice as many morons.
COF getting killed...
I picked up some puts today!!!
oh yeah amero... could be happening soon with the way its looking right now.. Quebec unemployment (where im at) highest in the country of canada.. lol weeeeeeeeeeeeeeeeeeeeeeeeeeee thank god for wally world..
Throw in Mexico, kill the dollar, hello Amero! YEEEEAAAAHHHHHH
Hey dog... just like Canada weeeeeeeee, one big azz happy broke family...
Hey Wick! Seems like we are just like Canada now... just way more in debt... $1.3 Trillion more today... another $3 Trillion more coming! OUR GOVERNMENT HAS GONE TOTALLY INSANE!
$3 trillion! -- Senate, Fed, Treasury attack crisis
Senate, Fed, Obama administration team up for unprecedented $3 trillion attack on recession
WASHINGTON (AP) -- On a single day filled with staggering sums, the Obama administration, Federal Reserve and Senate attacked the deepening economic crisis Tuesday with actions that could throw as much as $3 trillion more in government and private funds into the fight against frozen credit markets and rising joblessness.
"It's gone deep. It's gotten worse," President Barack Obama said of the recession at a campaign-style appearance in Fort Myers, Fla., where unemployment has reached double digits. "The situation we face could not be more serious."
If any more emphasis were needed, Wall Street investors sent stocks plunging, objecting that new rescue details from the government were too sparse. The Dow Jones industrials dropped 382 points.
The president spoke shortly after Senate passage of an $838 billion emergency economic stimulus bill cleared the way for talks with the House on a final compromise. In a display of urgency, White House chief of staff Rahm Emanuel traveled to the Capitol for meetings that stretched into the night with Democratic leaders as well as moderate senators whose views -- and votes -- will be key to any deal.
Separately, Treasury Secretary Timothy Geithner outlined plans for spending much of the $350 billion in financial bailout money recently cleared by Congress, and the Federal Reserve announced it would commit up to $1 trillion to make loans more widely available to consumers.
Taken together, the events marked at least a political watershed if not an economic turning point -- the day the three-week old administration and its congressional allies assumed full control of the struggle against the worst economic crisis since the Great Depression.
The vote was 61-37 in the Senate to pass the stimulus, with moderate Republican Sens. Susan Collins and Olympia Snowe of Maine and Arlen Specter of Pennsylvania joining Democrats in support.
Even before the vote, Majority Leader Harry Reid and House Speaker Nancy Pelosi met with Obama at the White House to go over the task ahead.
The Democratic leaders have long pledged to have legislation on Obama's desk by mid-month, and some Democrats said there was an informal target of Wednesday for agreement on a bill that would likely wind up in the range of $800 billion.
The political urgency bumped up against other obstacles, though.
The House measure includes roughly $70 billion more spending than the Senate's, but it lacks Senate-approved tax breaks totaling more than $100 billion for new car buyers, home purchasers and upper middle income families.
In a further obstacle, Collins and other Senate moderates -- in both parties -- signaled they will work to hold the cost of the final bill below $800 billion. That's less than the $820 billion in spending and tax cuts combined in the bill that cleared the House as well as the $838 billion legislation the Senate wrote.
Additionally, Obama has campaigned particularly energetically to include funds for school construction in the bill. At the insistence of Collins, the Senate measure omitted money for that purpose, and it wasn't clear whether she had eased her position on the presidential priority.
Whatever the cost of the final bill, it will add to the deficit, and that created another little-mentioned dilemma for the administration and Democrats.
Future spending bills on domestic programs or tax cuts will probably have a far more difficult time gaining the support necessary to pass without offsetting spending cuts or tax increases that would hold the deficit level.
Obama has campaigned energetically in recent days for passage of the stimulus bill, at the White House, on visits to other federal agencies, in his trip to Florida and a similar appearance Monday in a high-unemployment area of Indiana.
Reid depicted a president deeply involved in the compromise effort as well. He said Obama had "certain set ideas as to what he thinks should be done" but declined to elaborate.
The president set the context for the unfolding events Monday night at his first presidential news conference when he said, "With the private sector so weakened by this recession, the federal government is the only entity left with the resources to jolt our economy back into life."
Geithner outlined some of the details, although he and aides left numerous questions unanswered.
"We have to both jump-start job creation and private investment, and we must get credit flowing again to businesses and families," Geithner said at a news conference. He pledged to "fundamentally reshape" the financial industry bailout that began last fall under the Bush administration, and he announced that at least $50 billion would be spent helping homeowners facing foreclosure. He also said new steps would hold banks accountable for their use of bailout funds.
One element of the administration's approach calls for using as much as $100 billion in federal bailout funds to give banks, hedge funds or other investors the incentive to purchase so-called toxic assets carried on the books of other financial institutions. The goal is to return struggling banks to health so they can resume making loans, and an administration fact sheet said the amount of government and private funds combined will be "on an initial scale of up to $500 billion, with the potential to expand up to $1 trillion."
The Federal Reserve announced it would commit up to $1 trillion to purchase bonds or other assets backed by consumer loans. The Treasury will guarantee a portion of the Fed investment by putting up $100 billion, an increase from a $20 billion commitment that Bush administration had announced.
The goal of this program is to make it easier for consumers to buy cars or obtain student loans, small business loans or other types of credit that have dried up in recent months.
Geithner said $50 billion in bailout funds would be dedicated to an effort to prevent mortgage foreclosure of "owner-occupied middle class homes." Few details were provided.
yeah sort of does.. but in the case of LEH they went under so wouldnt u not want the shares anyway if u had puts... ??? wonder if u were short the stock how that turnned out
Ruin Your Health With the Obama Stimulus Plan: Betsy McCaughey
Feb. 9 (Bloomberg) -- Republican Senators are questioning whether President Barack Obama’s stimulus bill contains the right mix of tax breaks and cash infusions to jump-start the economy.
Tragically, no one from either party is objecting to the health provisions slipped in without discussion. These provisions reflect the handiwork of Tom Daschle, until recently the nominee to head the Health and Human Services Department.
Senators should read these provisions and vote against them because they are dangerous to your health. (Page numbers refer to H.R. 1 EH, pdf version).
The bill’s health rules will affect “every individual in the United States” (445, 454, 479). Your medical treatments will be tracked electronically by a federal system. Having electronic medical records at your fingertips, easily transferred to a hospital, is beneficial. It will help avoid duplicate tests and errors.
But the bill goes further. One new bureaucracy, the National Coordinator of Health Information Technology, will monitor treatments to make sure your doctor is doing what the federal government deems appropriate and cost effective. The goal is to reduce costs and “guide” your doctor’s decisions (442, 446). These provisions in the stimulus bill are virtually identical to what Daschle prescribed in his 2008 book, “Critical: What We Can Do About the Health-Care Crisis.” According to Daschle, doctors have to give up autonomy and “learn to operate less like solo practitioners.”
Keeping doctors informed of the newest medical findings is important, but enforcing uniformity goes too far.
New Penalties
Hospitals and doctors that are not “meaningful users” of the new system will face penalties. “Meaningful user” isn’t defined in the bill. That will be left to the HHS secretary, who will be empowered to impose “more stringent measures of meaningful use over time” (511, 518, 540-541)
What penalties will deter your doctor from going beyond the electronically delivered protocols when your condition is atypical or you need an experimental treatment? The vagueness is intentional. In his book, Daschle proposed an appointed body with vast powers to make the “tough” decisions elected politicians won’t make.
The stimulus bill does that, and calls it the Federal Coordinating Council for Comparative Effectiveness Research (190-192). The goal, Daschle’s book explained, is to slow the development and use of new medications and technologies because they are driving up costs. He praises Europeans for being more willing to accept “hopeless diagnoses” and “forgo experimental treatments,” and he chastises Americans for expecting too much from the health-care system.
Elderly Hardest Hit
Daschle says health-care reform “will not be pain free.” Seniors should be more accepting of the conditions that come with age instead of treating them. That means the elderly will bear the brunt.
Medicare now pays for treatments deemed safe and effective. The stimulus bill would change that and apply a cost- effectiveness standard set by the Federal Council (464).
The Federal Council is modeled after a U.K. board discussed in Daschle’s book. This board approves or rejects treatments using a formula that divides the cost of the treatment by the number of years the patient is likely to benefit. Treatments for younger patients are more often approved than treatments for diseases that affect the elderly, such as osteoporosis.
In 2006, a U.K. health board decreed that elderly patients with macular degeneration had to wait until they went blind in one eye before they could get a costly new drug to save the other eye. It took almost three years of public protests before the board reversed its decision.
Hidden Provisions
If the Obama administration’s economic stimulus bill passes the Senate in its current form, seniors in the U.S. will face similar rationing. Defenders of the system say that individuals benefit in younger years and sacrifice later.
The stimulus bill will affect every part of health care, from medical and nursing education, to how patients are treated and how much hospitals get paid. The bill allocates more funding for this bureaucracy than for the Army, Navy, Marines, and Air Force combined (90-92, 174-177, 181).
Hiding health legislation in a stimulus bill is intentional. Daschle supported the Clinton administration’s health-care overhaul in 1994, and attributed its failure to debate and delay. A year ago, Daschle wrote that the next president should act quickly before critics mount an opposition. “If that means attaching a health-care plan to the federal budget, so be it,” he said. “The issue is too important to be stalled by Senate protocol.”
More Scrutiny Needed
On Friday, President Obama called it “inexcusable and irresponsible” for senators to delay passing the stimulus bill. In truth, this bill needs more scrutiny.
The health-care industry is the largest employer in the U.S. It produces almost 17 percent of the nation’s gross domestic product. Yet the bill treats health care the way European governments do: as a cost problem instead of a growth industry. Imagine limiting growth and innovation in the electronics or auto industry during this downturn. This stimulus is dangerous to your health and the economy.
'Stimulus' bill may change health care forever
Individual needs will be ignored, fitting plan Daschle laid out
Amy Menefee
Thursday, February 5, 2009
The "stimulus" bill in Congress would fundamentally change the way health care is delivered to all Americans. It would hand over decisions about your care to a group of bureaucrats you won't have the chance to elect.
The "stimulus" establishes a new government body to assess Americans' health care and to make sure drugs and treatments "that are found to be less effective and in some cases, more expensive, will no longer be prescribed." That's how House Appropriations Chairman David Obey (D-Wis.) described it. The words have changed, but the effect stays the same. Where is the outrage?
The predecessor of this new bureaucracy operates in the United Kingdom. The British National Health Service (NHS), revered by fans of government health care, has a body that compares and assesses drugs and treatments. It's called the National Institute for Health and Clinical Effectiveness (not-too-aptly nicknamed NICE). It became infamous for denying cancer patients new drugs that had proven to be effective. They were deemed medically effective - but not cost-effective.
Patients can opt to buy these drugs out of their own pockets, while still paying the taxes that fund the NHS, of course. One man has wanted a similar board to govern the treatment of U.S. patients: Tom Daschle, who just ended his quest to be the new Secretary of Health and Human Services after being investigated for tax evasion. He laid out his entire vision in a book, "Critical: What We Can Do about the Health Care Crisis."
The focus is a federal health board modeled on the Federal Reserve. This board would oversee the entire health sector, including research on drugs and treatments known as comparative effectiveness research. And, like the British version, it would concern itself not only with helping patients, but with the costs of treatment.
"We won't be able to make a significant dent in health-care spending without getting into the nitty-gritty of which treatments are the most clinically valuable and cost effective," Daschle wrote.
Health care spending is indeed a problem. But having the government decide which treatments are acceptable is beyond frightening - and it doesn't make sense.
The House bill calls for this appointed board, dubbed the Federal Coordinating Council for Comparative Effectiveness Research, to be at least 50 percent "physicians or other experts with clinical expertise." However, there is no way the Council's 15 members - all of whom also must be employed in federal government agencies - can determine which drug or treatment is going to work .
You are a unique human being, with genetic and environmental factors influencing your health. Perhaps Benadryl has the predictable effect of making you drowsy; or, perhaps it does the opposite and keeps you awake. Take that a step further to prescription medicines for serious illnesses. Your sister has severe depression, and she responds only to one antidepressant. What if it isn't the one that works for most people? Or it's the most expensive one?
Peter Pitts, head of the Center for Medicine in the Public Interest and a former FDA associate commissioner, explained why "one-size-fits-all" medicine doesn't work: Most comparative effectiveness studies "don't capture the genetic variations that explain differences in response to medicines by different patients."
Having a board that excludes any treatment on the basis of comparative effectiveness is a danger to the health of those who fall outside the norms - and with the government setting those norms, any of us could end up as outliers.
The "stimulus" bill passed by the House creates this board. It allocates more than $1 billion for comparative effectiveness research. And it gives the new health and human services secretary (whoever that turns out to be) an additional $400 million at his or her discretion.
The supposed purpose of the bill - to "stimulate" the U.S. economy - is long gone.
As The New York Times's Robert Pear so eloquently put it: "For Democrats, it is also a tool for rewriting the social contract with the poor, the uninsured and the unemployed, in ways they have long yearned to do." He noted this was taking place "with little notice and no public hearings."
That fits perfectly with the plan Daschle laid out - he never intended for Americans to know what was happening to their health-care structure. "I do not believe we should draft a bill laying out this vision in excruciating detail," he wrote in "Critical." "I believe a Federal Health Board should be charged with establishing the system's framework and filling in most of the details."
If his plan continues in his absence, this board will "fill in the details" of a completely government-driven health care overhaul.
Amy Menefee is director of communications for the Galen Institute, a nonprofit research organization that focuses on health policy.
Obama Democrats: by the numbers
$34,000: the amount of federal taxes that Secretary of the Treasury Timothy Geithner (D) failed to pay during his employment at the International Monetary Fund despite receiving extra compensation and explanatory brochures that described his tax liabilities.
http://www.nytimes.com/2009/01/14/us/politics/14geithner.html?_r=2&sq=geithner&st=cse&scp=2&pagewanted=all
$75,000: the amount of money that the head of the powerful tax-writing committee, Rep. Charlie Rangel (D-NY), was forced to report on his taxes after the discovery that he had not reported income from a Costa Rican rental property. His excuses for the failure started with blaming his wife, then his accountant and finally the fact that he didn't speak Spanish.
http://www.nypost.com/seven/09102008/news/regionalnews/rangels_spanish_excuse_128444.htm
$93,000: the amount of petty cash each Congressional representative voted to give themselves in January 2009 during the height of an economic meltdown.
http://gatewaypundit.blogspot.com/2009/01/its-recession-congress-gives-lawmakers.html
$133,900: the amount Fannie Mae "invested" in Chris Dodd (D-CT), head of the powerful Senate Banking Committee, presumably to repel oversight of the GSE prior to its meltdown. Said meltdown helped touch off the current economic crisis. In only a few years time, Fannie also "invested" over $105,000 in then-Senator Barack Obama.
http://www.opensecrets.org/news/2008/07/top-senate-recipients-of-fanni.html
$140,000: the amount of back taxes and interest that Cabinet nominee Tom Daschle (D) was forced to cough up after the vetting process revealed significant, unexplained tax liabilities.
http://online.wsj.com/article/SB123335984751235247.html?mod=googlenews_wsj
$356,000: the approximate amount of income and deductions that Daschle (D) was forced to report on his amended 2005 and 2007 tax returns after being caught cheating on his taxes. This includes $255,256 for the use of a car service, $83,333 in unreported income, and $14,963 in charitable contributions.
http://online.wsj.com/article/SB123335984751235247.html?mod=googlenews_wsj
$800,000: the amount of "sweetheart" mortgages Senate Banking Chairman Chris Dodd (D-CT) received from Countrywide Financial, the details for which he has refused to release details despite months of promises to do so. Countrywide was once the nation's largest mortgage lender and linked to Government-Sponsored Entities like Fannie Mae and Freddie Mac. Their meltdown precipitated the current financial crisis. Just days ago in Pennsylvania, Countrywide was forced to pay $150,000,000 in mortgage assistance following "a state investigation that concluded that Countrywide relaxed its underwriting standards to sell risky loans to consumers who did not understand them and could not afford them."
http://www.courant.com/news/opinion/op_ed/hc-rennie1109.artnov09,0,1054619.column
http://www.forbes.com/feeds/afx/2009/01/28/afx5978423.html
$1,000,000: the estimated amount of donations by Denise Rich, wife of fugitive Marc Rich, to Democrat interests and the William J. Clinton Foundation in an apparent quid pro quo deal that resulted in a pardon for Mr. Rich. The pardon was reviewed and blessed by Obama Attorney General and then Deputy AG Eric Holder, despite numerous requests by government officials to turn it down.
http://www.latimes.com/news/nationworld/nation/la-na-holder20-2008nov20,0,5171834,full.story
$12,000,000: the amount of TARP money provided to community bank One United despite the fact that it did not qualify for funds, and was "under attack from its regulators for allegations of poor lending practices and executive-pay abuses." It turns out that Rep. Maxine Waters (D-CA), a key contributor to the Fannie Mae meltdown, just happens to be married to one of the bank's ex-directors.
http://online.wsj.com/article/SB123258284337504295.html
http://directorblue.blogspot.com/2008/09/testimony-that-will-have-you-pulling.html
$23,500,000: The upper range of net worth Rep. Allan Mollohan (D-WV) accumulated in four years time according to The Washington Post through earmarks of "tens of millions of dollars to groups associated with his own business partners."
http://www.washingtonpost.com/wp-dyn/content/article/2006/05/14/AR2006051401032.html
$2,000,000,000: ($2 billion) the approximate amount of money that House Appropriations Chairman David Obey (D-WI) is earmarking related to his son's lobbying efforts. Craig Obey is "a top lobbyist for the nonprofit group" that would receive a roughly $2 billion component of the "Stimulus" package.
http://news.yahoo.com/s/ap/20090129/ap_on_go_co/stimulus_national_parks_2
$3,700,000,000: ($3.7 billion) not to be outdone, this is the estimated value of various defense contracts awarded to a company controlled by the husband of Rep. Diane Feinstein (D-CA). Despite an obvious conflict-of-interest as "a member of the Military Construction Appropriations subcommittee, Sen. Feinstein voted for appropriations worth billions to her husband's firms ."
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/04/22/MN310531.DTL
http://news.yahoo.com/s/ap/20090129/ap_on_go_co/stimulus_national_parks_2
$4,190,000,000: ($4.19 billion) the amount of money in the so-called "Stimulus" package devoted to fraudulent voter registration ACORN group under the auspices of "Community Stabilization Activities". ACORN is currently the subject of a RICO suit in Ohio.
http://www.ocregister.com/articles/stimulus-economy-percent-2295331-bill-pelosi
http://michellemalkin.com/2008/10/14/acorn-watch-rico-suit-filed-in-ohio/
$1,646,000,000,000 ($1.646 trillion): the approximate amount of annual United States exports endangered by the "Stimulus" package, which provides a "Buy American" stricture. According to international trade experts, a "US-EU trade war looms", which could result in a worldwide economic depression reminiscent of that touched off by the protectionist Smoot-Hawley Act.
http://www.asiaing.com/2008-national-export-strategy-the-new-global-main-street.html
http://www.powerlineblog.com/archives/2009/01/022685.php
http://en.wikipedia.org/wiki/Smoot-Hawley_Tariff_Act
It's not just a culture of corruption. It's a culture of corruption and stupidity. And, unlike Republicans, Democrats appear to be above the law. All of the aforementioned clowns are still in office, ruling like the royalty they've become.
Send a copy of this data to your State's Senators and Representatives... let them know that you are watching.
"The problem with socialism is that you eventually run out of other people's money."
Margaret Thatcher
Fight "spendulous" and Socialism... e-mail and call your Senators and urge them to take more time and think this through. They are spending our children's futures on garbage... read the bill... it's a joke and won't result in anything but debt and paybacks to special interests.. just like the bank bailout.
They should take the time and utilize economists, business people and the like to formulate a plan, because it is clear that they do not know what they are doing.
BO is an idiot for trying to jam the piece of pork down are throats with his "we have to act now with this spending" schtick. All doom and gloom to pay back the special interests that contributed to his over-spending campaign, to grow our Government, and move it more towards Marxism.
IMO of course... but read it for yourselves and decide if it makes any sense. It's not about partisanship... it's about what is right... and WHAT WILL WORK!
Don't fight the government join them...Print your money in the basement just like the government. I did. I even went so far as to put my picture on a $100 bill. I am worth it and I look good.
Major Rally Coming today!!!!
Anyone have an idea of how to make money in this "market"? Especially now that the Government is dictating salaries?
weeeee.... thud. The "Spendulous" package... and further packages to come will plunge this country further into bankruptcy.
If you have a put option at $5 and the stock is at .60, then you could buy the shares at .60 and sell them at $5. Same with being short, if you shorted at $5 and its at .60, then you can cover at .60 or possibly not have to cover at all (im not 100% on this but if a Q gets put on the end you may not have to cover)........
I hope this answers your question
Quick question for everyone... when LEH went under Put holders and stock shorter??? how did it work.. isint the idea of a put for the stock to go down and u excercise and theh sell on the market??? since the company went belly up dont u not want those shares? as they have no value?? so longs and shorts both lose in that situation?? just something that was on my mind
I like your plan. I'm short financials and retail, long gold and silver and easing into oil plays (I still think their is a possibility of oil hitting $25, long term I think we see $100 again at some point, maybe years away, but who knows?).
I really like the Capital One short!!!!
Buy booze stocks, short Capital One and the other "credit card companies", short commercial real estate firms, short retail....
JMHO... opinion only.... collapse coming in the real estate and retail markets... the fuel for the banking industry... the Golden Goose known as the American consumer is prepared for cooking.
Be prepared...... build strong local communities and you'll survive... avoid urban areas.
We are 3 missed meals away from chaos....
I think it is more that he wasn't specific today, but today was about pomp and circumstance. I, too, expected a run on inauguration day and then the downward drift, but it came early....
It's getting ugly out there. THe markets obviously do not like Obama too much...
Bread and circuses... all they have to offer now.
"Bread and circuses" (or Bread and games) (from Latin: panem et circenses) is an ancient Roman metaphor for people choosing food and fun over freedom. It often appears in commentary that accuses people of giving up their civic duty and following whichever political leader offers to satisfy their decadent desires. The phrase is commonly used to refer to short-term government solutions for persistent, long-term .
This phrase originates in Satire X of the Roman poet Juvenal of the late 1st and early 2nd centuries. In context, the Latin phrase panem et circenses (bread and circuses) is given as the only remaining cares of a Roman populace which has given up its birthright of political freedom:
… Already long ago, from when we sold our vote to no man, the People have abdicated our duties; for the People who once upon a time handed out military command, high civil office, legions — everything, now restrains itself and anxiously hopes for just two things: bread and circuses
… iam pridem, ex quo suffragia nulli uendimus, effudit curas; nam qui dabat olim imperium, fasces, legiones, omnia, nunc se continet atque duas tantum res anxius optat, panem et circenses.
(Juvenal, Satire 10.77–81)
Juvenal here makes reference to the Roman practice of providing free wheat to some poor Romans as well as costly circus games and other forms of entertainment as a means of gaining political power through populism. The Annona (grain dole) was begun under the instigation of the popularis politician Gaius Sempronius Gracchus in 123 BC; it remained an object of political contention until it was taken under the control of the Roman emperors.
A reference in the The Dictionary of Cultural Literacy (1993) states that Juvenal displayed his contempt for the declining heroism of his contemporary Romans in this passage.[1] Spanish intellectuals between the 19th and 20th centuries complained about the similar pan y toros ("bread and bullfights"). It appears similarly in Russian as хлеб и зрелище ("bread and spectacle").
Aldous Huxley used the phrase in Brave New World Revisited as an example of one the ideas he used as a theme in Brave New World.
Here is a real and genuine commencement address: read this and be changed for the better IMO.
Tough Love!
This Texas lawyer, himself recipient of an Honorary Degree, is obviously opinionated, but to say what he does, in a commencement address in front of a class of Texas A & M graduates, and especially the faculty, is amazing. I would have loved to have been there just to see the faculty reaction.
Commencement Address (Texas A&M). Date: Thu, 24 Jan 2008
This should be considered must-reading for every adult in North America.
It is extremely rare that anyone speaks the truth like this at any College or High School Commencement Address.
Neal Boortz is a Texan, a lawyer, a Texas AGGIE (Texas A&M), and now a nationally syndicated talk show host from Atlanta. His commencement address to the graduates of this year's A&M class is far different from what either the students or the faculty expected. His views are thought provoking:
"I am honored by the invitation to address you on this occasion. It's about time. Be warned, however, that I am not here to impress you; you'll have enough smoke blown up your bloomers today. And you can bet your tassels I'm not here to impress the faculty and administration.
You may not like much of what I have to say, and that's fine. You will remember it though. Especially after about 10 years out there in the real world. This, it goes without saying, does not apply to those of you who will seek your careers and your fortunes as government employees.
This gowned gaggle behind me is your faculty. You've heard the old saying that those who can - do. Those who can't - teach. That sounds deliciously insensitive. But there is often raw truth in insensitivity, just as you often find feel-good falsehoods and lies in compassion. Say good-bye to your faculty because now you are getting ready to go out there and do. These folks behind me are going to stay right here and teach.
By the way, just because you are leaving this place with a diploma doesn't mean the learning is over. When an FAA flight examiner handed me my private pilot's license many years ago, he said, 'Here, this is your ticket to learn.' The same can be said for your diploma. Believe me, the learning has just begun.
Now, I realize that most of you consider yourselves Liberals. In fact, you are probably very proud of your liberal views. You care so much. You feel so much. You want to help so much. After all you're a compassionate and caring person, aren't you now? Well, isn't that just so extraordinarily special. Now, at this age, is as good a time as any to be a liberal; as good a time as any to know absolutely everything. You have plenty of time, starting tomorrow, for the truth to set in.
Over the next few years, as you begin to feel the cold breath of reality down your neck, things are going to start changing pretty fast... including your own assessment of just how much you really know. So here are the first assignments for your initial class in reality:
Pay attention to the news, read newspapers, and listen to the words and phrases that proud Liberals use to promote their causes. Then, compare the words of the left to the words and phrases you hear from those evil, heartless, greedy conservatives.
From the Left you will hear "I feel."
From the Right you will hear "I think."
From the Liberals you will hear references to groups -- The Blacks, the Poor, The Rich, The Disadvantaged, The Less Fortunate.
From the Right you will hear references to individuals.
On the Left you hear talk of group rights; on the Right, individual rights.
That about sums it up, really: Liberals feel. Liberals care. They are pack animals whose identity is tied up in group dynamics.
Conservatives think -- and, setting aside the theocracy crowd, their identity is centered on the individual.
Liberals feel that their favored groups have enforceable rights to the property and services of productive individuals.
Conservatives, I among them I might add, think that individuals have the right to protect their lives and their property from the plunder of the masses.
In college you developed a group mentality, but if you look closely at your diplomas you will see that they have your individual names on them. Not the name of your school mascot, or of your fraternity or sorority, but your name. Your group identity is going away. Your recognition and appreciation of your individual identity starts now.
If, by the time you reach the age of 30, you do not consider yourself to be a conservative, rush right back here as quickly as you can and apply for a faculty position. These people will welcome you with open arms.
They will welcome you, that is, so long as you haven't developed an individual identity. Once again you will have to be willing to sign on to the group mentality you embraced during the past four years.
Something is going to happen soon that is going to really open your eyes. You're going to actually get a full time job!
You're also going to get a lifelong work partner. This partner isn't going to help you do your job. This partner is just going to sit back and wait for payday. This partner doesn't want to share in your effort, but in your earnings.
Your new lifelong partner is actually an agent; an agent representing a strange and diverse group of people; an agent for every teenager with an illegitimate child; an agent for a research scientist who wanted to make some cash answering the age-old question of why monkeys grind their teeth. An agent for some poor demented hippie who considers herself to be a meaningful and talented artist, but who just can't manage to sell any of her artwork on the open market.
Your new partner is an agent for every person with limited, if any, job skills, but who wanted a job at City Hall. An agent or tin-horn dictators in fancy military uniforms grasping for American foreign aid. An agent for multi-million- dollar companies who want someone else to pay for their overseas advertising. An agent for everybody who wants to use the unimaginable power of this agent's for their personal enrichment and benefit.
That agent is our wonderful, caring, compassionate, oppressive government. Believe me, you will be awed by the unimaginable power this agent has. Power that you do not have. A power that no individual has, or will have. This agent has the legal power to use force, deadly force to accomplish its goals.
You have no choice here. Your new friend is just going to walk up to you, introduce itself rather gruffly, hand you a few forms to fill out, and move right on in. Say hello to your own personal one ton gorilla. It will sleep anywhere it wants to.
Now, let me tell you, this agent is not cheap. As you become successful it will seize about 40% of everything you earn. And no, I'm sorry, there just isn't any way you can fire this agent of plunder, and you can't decrease its share of your income. That power rests with him, not you.
So, here I am saying negative things to you about government. Well, be clear on this: It is not wrong to distrust government. It is not wrong to fear government. In certain cases it is not even wrong to despise government for government is inherently evil. Yes ... a necessary evil, but dangerous the less ... somewhat like a drug. Just as a drug that in the proper dosage can save your life, an overdose of government can be fatal.
Now let's address a few things that have been crammed into your minds at this university. There are some ideas you need to expunge as soon as possible. These ideas may work well in academic environment, but they fail miserably out there in the real world.
First is that favorite buzz word of the media and academia: Diversity!
You have been taught that the real value of any group of people - be it a social group, an employee group, a management group, whatever - is based on diversity. This is a favored liberal ideal because diversity is based not on an individual's abilities or character, but on a person's identity and status as a member of a group. Yes, it's that liberal group identity thing again.
Within the great diversity movement group identification - be it racial, gender based, or some other minority status - means more than the individual's integrity, character or other qualifications.
Brace yourself. You are about to move from this academic atmosphere where diversity rules, to a workplace and a culture where individual achievement and excellence actually count. No matter what your professors have taught you over the last four years, you are about to learn that diversity is absolutely no replacement for excellence, ability, and individual hard work. From this day on every single time you hear the word "diversity" you can rest assured that there is someone close by who is determined to rob you of every vestige of individuality you possess.
We also need to address this thing you seem to have about "rights." We have witnessed an obscene explosion of so-called "rights" in the last few decades, usually emanating from college campuses.
You know the mantra: You have the right to a job. The right to a place to live. The right to a living wage. The right to health care. The right to an education. You probably even have your own pet right - the right to a Beemer for instance, or the right to have someone else provide for that child you plan on downloading in a year or so.
Forget it. Forget those rights! I'll tell you what your rights are! You have a right to live free, and to the results of 60% -75% of your labor. I'll also tell you have no right to any portion of the life or labor of another.
You may, for instance, think that you have a right to health care. After all, Hillary said so, didn't she? But you cannot receive healthcare unless some doctor or health practitioner surrenders some of his time - his life - to you. He may be willing to do this for compensation, but that's his choice. You have no "right" to his time or property. You have no right to his or any other person's life or to any portion thereof.
You may also think you have some "right" to a job; a job with a living wage, whatever that is. Do you mean to tell me that you have a right to force your services on another person, and then the right to demand that this person compensate you with their money? Sorry, forget it. I am sure you would scream if some urban outdoorsmen (that would be "homeless person" for those of you who don't want to give these less fortunate people a romantic and adventurous title) came to you and demanded his job and your money.
The people who have been telling you about all the rights you have are simply exercising one of theirs - the right to be imbeciles. Their being imbeciles didn't cost anyone else either property or time. It's their right, and they exercise it brilliantly.
By the way, did you catch my use of the phrase "less fortunate" a bit ago when I was talking about the urban outdoorsmen? That phrase is a favorite of the Left. Think about it, and you'll understand why.
To imply that one person is homeless, destitute, dirty, drunk, spaced out on drugs, unemployable, and generally miserable because he is "less fortunate" is to imply that a successful person - one with a job, a home and a future - is in that position because he or she was "fortunate."
The dictionary says that fortunate means "having derived good from an unexpected place." There is nothing unexpected about deriving good from hard work. There is also nothing unexpected about deriving misery from choosing drugs, alcohol, and the street.
If the Liberal Left can create the common perception that success and failure are simple matters of "fortune" or "luck," then it is easy to promote and justify their various income redistribution schemes. After all, we are just evening out the odds a little bit. This "success equals luck" idea the liberals like to push is seen everywhere. Former Democratic presidential candidate Richard Gephardt refers to high-achievers as "people who have won life's lottery." He wants you to believe they are making the big bucks because they are lucky.
It's not luck, my friends. It's choice. One of the greatest lessons I ever learned was in a book by Og Mandino, entitled "The Greatest Secret in the World." The lesson? Very simple: "Use wisely your power of choice."
That bum sitting on a heating grate, smelling like a wharf rat? He's there by choice. He is there because of the sum total of the choices he has made in his life. This truism is absolutely the hardest thing for some people to accept, especially those who consider themselves to be victims of something or other - victims of discrimination, bad luck, the system, capitalism, whatever.
After all, nobody really wants to accept the blame for his or her position in life. Not when it is so much easier to point and say, "Look! He did this to me!" than it is to look into a mirror and say, "You S. O. B.! You did this to me!"
The key to accepting responsibility for your life is to accept the fact that your choices, every one of them, are leading you inexorably toeither success or failure, however you define those terms.
Some of the choices are obvious: Whether or not to stay in school
Whether or not to get pregnant. Whether or not to hit the bottle.
Whether o r not to keep this job you hate until you get another better-paying job. Whether or not to save some of your money, or saddle yourself with huge payments for that new car.
Some of the choices are seemingly insignificant: Whom to go to the movies with. Whose car to ride home in. Whether to watch the tube tonight, or read a book on investing. But, and you can be sure of this, each choice counts. Each choice is a building block - some large, some small. But each one is a part of the structure of your life. If you make the right choices, or if you make more right choices than wrong ones, something absolutely terrible may happen to you. Something unthinkable.
You, my friend, could become one of the hated, the evil, the ugly, the feared, the filthy, the successful, the rich.
The rich basically serve two purposes in this country. First, they provide the investments, the investment capital, and the brains for the formation of new businesses. Businesses that hire people. Businesses that send millions of paychecks home each week to the un-rich.
Second, the rich are a wonderful object of ridicule, distrust, and hatred. Few things are more valuable to a politician than the envy most Americans feel for the evil rich.
Envy is a powerful emotion. Even more powerful than the emotional minefield that surrounded Bill Clinton when he reviewed his last batch of White House interns. Politicians use envy to get votes and power. And they keep that power by promising the envious that the envied will be punished: "The rich will pay their fair share of taxes if I have anything to do with it. The truth is that the top 10% of income earners in this country pays almost 50% of all income taxes collected. I shudder to think what these job producers would be paying if our tax system were any more "fair."
You have heard, no doubt, that the rich get richer and the poor get poorer. Interestingly enough, our government's own numbers show that many of the poor actually get richer, and that quite a few of the rich actually get poorer. But for the rich who do actually get richer, and the poor who remain poor ... there's an explanation -- a reason. The rich, you see, keep doing the things that make them rich; while the poor keep doing the things that make them poor.
Speaking of the poor, during your adult life you are going to hear an endless string of politicians bemoaning the plight of the poor So, you need to know that under our government's definition of "poor" you can have a $5 million net worth, a $300,000 home and a new $90,000 Mercedes, all completely paid for. You can also have a maid, cook, and valet, and a million in your checking account, and you can still be officially defined by our government as "living in poverty." Now there's something you haven't seen on the evening news.
How does the government pull this one off? Very simple, really. To determine whether or not some poor soul is "living in poverty," the government measures one thing -- just one thing. Income.
It doesn't matter one bit how much you have, how much you own, how many cars you drive or how big they are, whether or not your pool is heated, whether you winter in Aspen and spend the summers in the Bahamas , or how much is in your savings account. It only matters how much income you claim in that particular year. This means that if you take a one-year leave of absence from your high-paying job and decide to live off the money in your savings and checking accounts while you write the next great American novel, the government says you are 'living in poverty."
This isn't exactly what you had in mind when you heard these gloomy statistics, is it? Do you need more convincing? Try this. The government's own statistics show that people who are said to be "living in poverty" spend more than $1.50 for each dollar of income they claim. Something is a bit fishy here. Just remember all this the next time Charles Gibson tells you about some hideous new poverty statistics.
Why has the government concocted this phony poverty scam? Because the government needs an excuse to grow and to expand its social welfare programs, which translates into an expansion of its power. If the government can convince you, in all your compassion, that the number of "poor" is increasing, it will have all the excuse it needs to sway an electorate suffering from the advanced stages of Obsessive-Compulsive Compassion Disorder.
I'm about to be stoned by the faculty here. They've already changed their minds about that honorary degree I was going to get. That's OK, though. I still have my PhD. in Insensitivity from the Neal Boortz Institute for Insensitivity Training.
I learned that, in short, sensitivity sucks. It's a trap. Think about it - the truth knows no sensitivity. Life can be insensitive. Wallow too much in sensitivity and you'll be unable to deal with life, or the truth So, get over it.
Now, before the dean has me shackled and hauled off, I have a few random thoughts.
* You need to register to vote, unless you are on welfare. If you are living off the efforts of others, please do us the favor of sitting down and shutting up until you are on your own again.
* When you do vote, your votes for the House and the Senate are more important than your vote for president. The House controls the purse strings, so concentrate your awareness there.
* Liars cannot be trusted, even when the liar is the president of the country. If someone can't deal honestly with you, send them packing.
* Don't bow to the temptation to use the government as an instrument of plunder. If it is wrong for you to take money from someone else who earned it -- to take their money by force for your own needs -- then it is certainly just as wrong for you to demand that the government step forward and do this dirty work for you.
* Don't look in other people's pockets. You have no business there. What they earn is theirs. What you earn is yours Keep it that way. Nobody owes you anything, except to respect your privacy and your rights, and leave you the hell alone.
* Speaking of earning, the revered 40-hour workweek is for losers. Forty hours should be considered the minimum, not the maximum. You don't see highly successful people clocking out of the office every afternoon at five. The losers are the ones caught up in that afternoon rush hour. The winners drive home in the dark.
* Free speech is meant to protect unpopular speech. Popular speech, by definition, needs no protection.
* Finally (and aren't you glad to hear that word), as Og Mandino wrote,
1. Proclaim your rarity. Each of you is a rare and unique human being.
2. Use wisely your power of choice.
3. Go the extra mile .. drive home in the dark.
Oh, and put off buying a television set as long as you can. Now, if you have any idea at all what's good for you, you will get the hell out of here and never come back.
Class dismissed"
forex is great... but I have been soooo busy at work this winter... it's tough for me to pay attention to. Plus I'm tired at night hehe.... I'll be back in force soon... but i have to make hay while the sun is shining here in Michigan... a tip... short GM on a pop... if it ever does... bankruptcy coming.
Hey - I took a double on it, so I certainly didn't lose, but I bought them at 22 and sold at 18 - LMAO....
Well, the toilet is swirling... and what do you buy? What do you short to bankruptcy? Here's the situation formed by the Socialist garbage financial policies that Carter started with the Reinvestment Act, only made worse by Clinton in 1995. Fannie and Freddie were the final nails in the coffin. Here we are today after that massive "redistribution of wealth" to create artificial home ownership for millions of Americans that you wouldn't trust to balance a checkbook...... we bought loads of unnecessary garbage with money we didn't have (i.e. credit), and now we collapse. That was done with fictitious paper... now made real with our tax dollars as our Government bails out their bank buddies with our financial futures. Next... here comes Obama with his "spread the wealth" Socialism, and plans to tax any success you may have... killing the economy and all jobs with business taxes and wicked increases in capital gains. Hello STAGFLATION. So what do you do?
Learn from history in my opinion. Depression is the destination if the tax increases are put in place. That's what caused our first Depression after the great stock market crash, the Government increased taxes then as well.
Our Treasury has printed TRILLIONS of dollars... and yet the dollar gains strength only because we caused a global slowdown and titanic losses overseas. We stopped consuming the cheap stuff they make for us... and we threw them back into the Stone Age. China now chooses to put it's cash towards it's own infrastructure... and that can only lead to them bailing our T-bills. Then the dollar dies... and commodities spike.
The theory and plan that I will explore is an attempt to profit exponentially in one of the worst financial periods in human history. In times of great loss... fortunes can be made. So put together the few pennies you have left and try to find some bargains in the "2008 End of Year Tank", as anyone with profits left in their portfolio bails before Obama raises the capital gains tax.
Getting there... one step at a time.
DISCLAIMOR - This board is opinion only. It should be considered as such. The participants here are not professional brokers and do not recommend that anyone buy, hold, or sell any registered securities. Trade at your own risk. No risk , no reward.
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"Marxism sucks. Get paid."
HRB - Tax prep services... and yes, a BANK... with crappy management and huge credit exposure... gonna tank IMO. My bet is bankruptcy is pending. Ride it down to the ground....
http://investorshub.advfn.com/boards/board.aspx?board_id=13424
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C - Exposed... no bailout... gonna tank IMO. It did.. and shorts worked well.
X - Steel...nice up and down. Was at $4 during the first Depression.... then went to $200. May get to the teens... then stall. May start nibbling then.
GS - One of the Feds chosen banks... but now below it's 1999 IPO price. Not near the bottom IMO.
USB - May be one of the first to emerge on the other side. $15 target.
TOL - One year away from any real sales IMO.... gonna get eaten alive by the taxes they have to pay on their dead properties. Near 52-week high... keep on watch. Short worked well.
FRE - Play the privatization tank? Yup, yup. Likely dead in the diluted water.
UNG - Dollar will tank with FRE bailouts. Look for a turn IMO. Flight to commodities will start again. Loading near in the money calls for late 2009. Near bottom IMO...
UUP - The dollar index. IT WILL TANK SOON IMO.
FCX - Gold and copper. This one will fly soon... and pass it's previous highs IMO. Below $15 cannot be ignored. 2 years from now it will be amazing. Hope y'all got some near $15.
USO - Oil index.... great options action. Just like UNG... looks good for 6 month out calls under $40 IMO. Whipturn coming with hyperinflation?
DIG - This one will get sick by 2010. Getting stupid cheap here.
KALU - Aluminum giant... it'll be back. Under $10?
POT - The agriculture play... $50 target is a LOADER IMO. People still need to eat and they have contracts locked in at higher prices.
PAL - Palladium may recover... this one is cheap.
IPI - American Potash giant IPO with 30 million shares. Nice. A steal below $10 IMO.
COF - Dead man walking? He doesn't even know it yet IMO (9/11 - $45 PPS call). Puts a long ways out may be nice gamble play for a tank.... it's got primarily UNSECURED DEBT. Not good. I bet she goes belly up.
HP - Flies with increase in oil. Loading zone at $15 or less?
VIX - Volatility index... keep an eye on this. Puts may be good after the dust settles.
SILVER!!!! Yes, silver.... 1oz. physical rounds on hand are a great hedge for the inflation to come IMO. Get the cheapest silver rounds or bars you can get. 90% junk silver is good too... may be our future currency once the dollar demonetizes. IMO
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