The supreme court in a truly bizarre move, failed to
drive a stake through the heart of teleprompter care. If the
republican party ever needed a unifying theme for the next six months,
this is it. On the other hand since this thing is now a tax
instead of commerce let's see the libs go all out in trying
to levy more taxes in the months prior to the elections. I think
it would be guaranteed to help them with their re-election campaigns.
a lot to talk about this month although it's hard not to notice that
quality dividend paying stocks are doing quite well and I think they
are symptomatic of the times we are living in. By the way,
purchase an annuity and forget the dividend.
I didn't do much at
all, other than to do some buying in commodities when the markets
regularly tanked on euro news, and then sell into the latest upbeat
rumors. I traded Amazon a couple times using the same methodology and
in the end, came out with a 15+% gain for the year so far.
Boy, do we need a change in leadership...............
Electronic Arts Revisited for the Fourth Month (Still Groaning)
EA continues to fully live up to my lowest expectations. Of course, the market's not helping much either.
This is one you do not want to chase down, averaging lower and lower.
It's also one that usually manages a miraculous turnaround just about the time you decide to sell.
My take......wait an see if a stake gets driven through the heart of obamacare.
it does, a lot of uncertainty will leave the market and the
relief may manifest itself by purchasing those video games people
wanted but couldn't justify at the time.
If that piece of
&&*# legislation is ruled constitutional, people will
probably buy more games anyway, along with massive quantities of adult
beverages as the first line of defense against the tax hikes coming
down the road in 2013
It's a win-win situation either way...............I think.................
2013 -The Coming Telepromptolypse of Economy Killing Taxes - Do you have a backup plan?
thing I would be thinking about is having a backup plan as it pertains
to financial assets in this economy. The worst case scenario
would be another 4 years of the teleprompter , telepromptercare gets
upheld and tax hell is allowed to descend in 2013. It's not that
far away and if I were you, I would be at least inventorying what you
have and looking at it from the perspective of how those assets would
hold up in a rapidly deteriorating economy.
are out and if our government behaves as is par for the course for
elected officials anymore, doing nothing to fix the coming tax hell
will result in a loss of 3.5-4.5% GDP.
In other words, it
will be an economy killer and those who have been persistently crying
wolf may finally get it right.
I for the most
part am a glass is half full sort of person but it if nothing
good happens over these next six months, I will be all for
preservation of capital.
Question from JimOCYA: What do you think is Better - Buying and Selling at Market or a Fixed Price?
Wow! I think this must make four people who actually peruse these pages on occasion. I guess I'd better answer it.
personally buy and sell most stocks at market. I don't really
care if I could have bought for a few cents cheaper or sold for a
couple cents more. I care more about buying when I want to buy and
selling when I want to sell.
Now if you are dealing with small orders, price becomes more important and I can see setting limit orders in some cases.
The one major exception to this is the volatile commodity stocks, oil in particular.
like to trade in and out of HollyFrontier and Suncor and usually always
set a limit price on the sell order. The buy order.....it
With stocks like these, what you see as the bid price
and what you get at market can differ substantially. It is best to
consider limit orders on the more volatile stocks.
Let's keep track of just how well this PITA's 'predictions' pan out for the rest of the year.
|THE PROPHET WATCH|
What we have here is CNBC's prophet, seer, revelator - and major PITA. Detailed Opinion Here
Financial Analyst - NOT
Soothsayer - NOT
Bearer of Practical Financial Advice - Occasional
Man's Worst Nightmare - Maybe......
Having to listen to annuity pitches interspersed with vitamin infomercials could be worse.
Current 5yr Yield
Run - Maybe
June comment: Boy, Suze's TIPS suggestion is working out
real well, isn't it. A negative yield means people are actually
buying these things at a loss in return for safety. If I was in
Euroland, that might make some sense. That gold play is working
out really well too, isn't it.
An enhanced photo of a Swainsons (?) Hawk - Stillwater Preserve - Fallon, NV.