|Election Season can't come soon
Harry gets packed back to his home town of Searchlight.
Unfortunately, I think those on the right are blowing it.
Nevada has the worst unemployment rate in
the nation, higher even than
the state of Michigan. Nevada has one of the worst education stats in
along with some of the highest high school dropout rates.
state debt ratio is the worst in the country - even worse than New
Jersey. Nevada leads all states in the home mortgage crisis.
And what does Harry talk about on the local radio ads?
Something like this: 'Hi, I'm Harry. I love guns! I
will always fight for gun ownership! Guns, guns, guns!
Vote for me!!
was a crappy month, all in all and it would have been a good month to
be entirely in Ginny Mae's, even though Adam Bold has issues with that.
A yield of 5.55% doesn't look bad at all.
of stocks in this portfolio will be paying out distributions in the
form of reinvested shares during the month of June so if share prices
are weak for another month I won't complain too much.
This was a month of not doing much at all, except to buy a little more EP and IGT.
think I will Test out a New Theory this Month (June):
Keep some cash on the side.
In the third week of the month, start paying attention to who
or what the teleprompter is currently demonizing.
Wait for the stock or sector to start tanking. This usually
happens during the last half of the month.
Scoop up shares at below average prices.
Sell those shares when the teleprompter loses focus, allows
the shares to recover and begins demonizing something else.
Repeat the process.
only half-kidding as this seems to be happening fairly regularly.
like a plan?
Well well, what have we here?
seems the teleprompter is making a nationwide address tonight in which
it will try to nationalize BP and once again push windmills and solar
panels. It will also probably trash big oil and since it
socialists, there may be some talk about nationalizing one particularly
large oil company.
BP is trading at a 30 year low so what is an investor to do?
little unbiased research seems like a good idea:
spending an hour or two getting opinions, I came to the
conclusion that the stock is volatile enough to make some cash in the
short run. This would not be a long term hold.
.....and it wasn't. Held it about a week and made about 7.5%.
think you are right about BP. They have the cash and the assets to get
past this. I just wanted to make sure that the teleprompter wasn’t
taking them over and putting a czar in as CEO.
think companies are pulling as much profit into 2010 as they can. The
Bush tax cuts expire at the end of 2010. With the other tax increasing
coming from Obamacare, 2011 is going to be a bad year for everyone. If
companies are pulling their profits into this year, it would explain
the large profits in this slow economy. The state-run-media isn’t
talking much about this. This is an election year and it would be bad
for the Democrats. I think they are setting up the Republicans for
2011. If they take over both houses and the economy tanks, the
Democrats and state-run-media will be setting the stage for the 2014
election. I can’t help but think this is why Obama place the moratorium
on oil drilling. This will drive up the cost of energy in the next few
months. Add Cap and Tax on to both of those and the economy will crash
in 2011. If the Democrats keep control of one or both houses, look for
them to extend the Bush tax cuts and for Obama to lift the moratorium
on oil drilling. It’ll happen just days after the election.
rate 2010 15% - 2011 39%
tax rate 2010 0% - 2011 55%
Gains rate 2010 15% -2011 20%
income tax rate 2010 35% - 2011 39.6%
Minimum Tax AMT goes up ?? – hits small companies like mine
??? Plus Cap and Tax ???
will affect everyone. Not just those making $250K plus a year. We’ll be
looking back at 2010 as the good old days.
still recommend you buy some silver or gold and keep it in a safe
place. Silver appears to be the best buy for now. I did use the word
crash and not recession.
hope and change.
I ended up buying a bit more GS the other day after reading remarks by
Howard Chen, an analyst I am familiar with.
$225.00 a share?
I think I can live
Oldie that is looking like a Goodie
My sister has owned this stock for years
through thick and thin and still works with the company on occasion.
decided to add this to the portfolio for diversification. I
am significantly over-weighted in banks. It looks like a 50%
price appreciation is a reasonable target. Don't know if this
will be a long term hold or not, but it looks like a good
to park some cash.
has been meeting or beating analyst expectations for a while and there
are good words to be said about their CEO. She certainly has
longevity and knows the business. The compensation package I
think, is not unreasonable.