Obama-rama

So Im reading about the Obama budget and like I expected we are going to be taxed through the roof for the next four years. But what really surprized me was that he is taking out LIFO! haha so I guess those accounting professors are going to have to skip that chapter this semester. We will see what President Obama can do soon enough. Lets hope he pulls through or we are all in trouble.

Rick Santelli, The man of the people

So its been a few days since I posted last and thats only so you my last post could really sink in. I look like pure genius. Read and then tell me I'm not.

Thank You.

Now my buddy Rick Santelli from CNBC has also decided that the Government does not know what they are doing and once again THE MARKETS DON'T LIE.

Watch the video!!!!!! HERE

Rick's idea of having a website setup where people vote is a great idea and I think it should be implemented yesterday. I really hope Obama watches CNBC religiously, it should be streaming in the whitehouse everyday. Now I know he didn't create the current crisis, but I am not sure if what he is doing is really fixing it. Only time will tell.


Anyway, in 2012 I'm writing Rick Santelli on my presidential ballot, instead of the usual Mickey Mouse.


I mean he looks like a president.......

Short the market. Seems you can't lose

"Most investors by nature will "go long" when they buy stocks. Few investors naturally will short stocks (or bet on their decline) because they really don't know what to look for. Some investors see the shorting process as somewhat counter-intuitive to the traditional investing process since many stocks do appreciate over time. That said, there is a lot of money to be made by shorting, and in this article, we'll give you a list of signs that show when a stock might be ripe for a fall."- Investopedia.com

This is what you get when you type "to short" into Google. It is the first thing that shows up and that is what scares me. Is Google that smart? or is that market just that bad?

If you shorted the market 10 years ago and never looked at it again until today you would be up around 30%. That is terrible and bucks every trend instilled in many of us investors today.
This crap makes me sick, I mean to the point where i feel like I am being overcome with Black Death. You guys know that one, where you are up all night praying to the porcelain god from both ends. Ya that one.

Now pardon me if you can't read that graph, but don't worry it pretty much just says that if you put money in them market over the last 10 years you have less now than you did then. If you are a buy and hold investor that is, which I think encompasses the majority of us.



I really have no idea where I am going with this post here. I still think the market is going further down. 7500?? Pretty much I am just sick of the market acting the way it is, and the Obama team hasn't proven anything to me yet, except that they talk a good game.


Buy a shirt, my kids need food, we are in a recession.

Dr. Marc Faber Tells it How it is

Dr. Marc Faber, the investment guru, concluded his monthly bulletin (June 2008) with the following comments:

"The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer, it will go to India. If we purchase fruits and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car, it will go to Germany. If we purchase useless crap, it will go to Taiwan and none of it will help the American economy.The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in the US.I've been doing my part....."

I’m not sure who Dr. Faber is and I didn’t really want to take the time to research it but this is one of the funniest things I’ve read about the economy in a while. Usually i dont trust any dude with a pony tail but homeboy is not sugar coating anything he really does tell it how it is.

I love Mastercard, no honestly I really love it.

"Feb. 5 (Bloomberg) -- MasterCard Inc., the world’s second- largest credit-card network, rose 4.2 percent in early trading as the company beat analysts’ profit estimates by raising the price of processing international purchases."- Bloomberg

Now lets get one thing straight, MA has fallen from $320 a share to a modest $150 in the recent downturn of all downturns know as "The Recession, even after all that I still have love for them. Today they announced earnings that beat Wall Streets estimates and the stock is up $10 as we speak.

Now if you don't understand how MA works let me give you a quick explanation. MA does not lend money to anyone, so they have no credit risk. They simply perform the transaction for financial instituion. For example, you go to CVS and buy a pack of gum for $1.00. You decided to pay with your debit card, cause honestly who carries cash now a days. Your debit card is from you bank, but your card has the little mastercard logo on it, so $1.00 is taken from you bank account and MA charges the place you bought the gum a fee for using their card. Usually around 3%. So they just made .03 cents off poor CVS. Now think of all the transactions that occur, ya they get 3% of them. Not to bad if you ask me.

Ok so now your thinking well people are spending less, blah blah blah, but guess what? People still have to buy gas, groceries and shit from Wal-Mart (WMT) and you know what they are gonna use to buy it.... A Credit or Debit card and MA is going to take that all the way to the bank baby.


So now they you clearly understand how it works, go pick up some MA shares while they are just oh so cheap.

I found this picture from my younger years and figured I would share it with you guys. Ya I know, the girl was a beast, clearly she didn't need to wear those heals.

Steeler's in Bed with the Economy

So it seems like there is a direct correlation with a Steeler’s Title and the market performing stupendously. Now the average return for the S&P 500 after a Steeler’s win is 25.5% which is pretty crazy when you take the average yearly return for the history of the S&P at about 9%.

I did wait to post this write-up because the market didn’t do so well yesterday. I am fully on board with this theory though. I took a Pittsburgh tease for the game and won a General Grant so the Steeler’s have already helped out my economic situation. I’m not a big Steeler’s fan but Omar Epps does do a great job as head coach. Anyways buy some Cintas stock and jump right in because the economy will use anything to get out of Detroit, I mean the gutter.