Yankee Bob Is Back

Yankee Bob editorial below.

Bob is an artist out of North Carolina and a big fan of the 2nd place NY Yankees

What kind of democracy does not act on the will of it’s people and instead, actively thwarts the will of the majority ? What kind of Beacon of Hope can we be if on issue after issue the will of the people is ignored and now we have Presidential Contenders pretending that Corporations are people??!!

The people in poll after poll want

  • The wars in Iraq and Afghanistan to end.
  • More protection for the environment.
  • More regulation and inspection for our food,water and air.
  • To raise taxes on the Rich and to make corporations pay a fair share
  • They favor restrictions on corporate donations in elections and do not share the idea that corporations are people with full Constitutional Rights
  • They want the right to collective bargaining and they favor unions.
  • They don’t care about the deficit nearly as much as they do about job creation.
  • They want Social Security,Medicare and Medicaid extended and defended not taken apart.
  • They want the Republicans to compromise and Obama to fight for this agenda not to cave in and compromise it all away.
  • They favor choice over restricted abortion rights
  • They favor equality for gays, not oppression.
  • They favor voting rights over fake cries of voter fraud.
  • They don’t want public education cut or privatized
  • They favor an intensive commitment to alternative fuels and transportation and energy usage over our reliance on fossil fuels. Yet nothing is happening even though the technology exists
  • They want green energy and green jobs but nothing is happening.
  • They want jobs not cuts in everything they hold dear.

It doesn’t seem to matter what the people want or need. We are getting nothing. At Nuremberg,Hermann Goering was quoted that the will of the people did not matter at all. The leaders will decide the important issues and then they will use the press and PR to make them think that what we decide was their will.

Goering said – Every country does that. What kind of democracy is this where the will of the people is subverted ? We need a Roosevelt in the White House and Obama is no Roosevelt.


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KISS & Stocks

(Keep It Simple Stupid)

If you don’t understand a term look in up at Investopedia.com dictionary

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING!

DOUBLE CHECK ALL DATA, I MAKE MORE THAN GRAMMAR MISTAKES

Index Percentage Volume
Dow +3.95% big
NASDQ +4.69% big
S&P 500 +4.63% big
Russell 2000 +5.40% -

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Technicals, Fundamentals & Analysis

Shorter Term Outlook.

day/days/week

  • -653, +430, -520, +423 are the wild roller coaster ride numbers for the Dow over the last 4 days
  • We have retested the bottom and that makes for strong technical support.  Fundamentals ultimately drive a stock or market’s value, but technicals also play a role. [I look at them as road signs and traffic signals - others give them more or less value] Bottom Line  Technically – The double bottom is a strong support level – about 400 to 500 Dow points lower = Bullish
  • France, Italy & Spain have banned short selling to avoid a run on banks for next 15 days. This was done in defiance of EU regulators LINK
  • Going Postal – US post office may cut another 120,000 – Post office has cut 110,000 over last few years. LINK
  • The McClellan Oscillator (MO) fell to -29.61 (-30 somewhat oversold, -60 oversold, -90 OMG oversold). The MO just inched out of oversold territory. There’s wiggle room for stocks to move either way = Neural
  • Reading The Tea Leaves Stocks are moving on headlines and that move is exaggerates by all the HFT trading.

From yesterday Bottom Line - Lows were certainly retested yesterday. So the stage is technically set for some kind of oversold rally.

Today’s Bottom Line - Technically because of the retest of the low and strong momentum higher HFT’s will take markets higher.  Headlines still rule and HFT traders can react instantly and with great volume to headlines.

Longer Term Outlook

weeks, month, months

  • RepeatMay 20th forecast still stands. The recent Washington debt crisis debacle has focused everyone on cutting the money supply.  Simple math – The less money that’s out there = less jobs = greater chance the “Great Recession” returns. European debt and emerging market’s inflation fears add to this.
  • Long Term Outlook Listed Below.  Major long term trend (monthly) lines that have been broken. LINK If the Fed does some type of QE #3 – this also could get us back to cautiously bullish LINK

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Look for Paul’s Corner every Tuesday and Thursday

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Current Positions

Below – Investors411  hypothetical portfolio that should outperform the S&P 500.

NLYAnnaly Capital Mgt. Ultra high dividend stock – It’s been shaky, but so far NLY has held up reasonably well through current stock market slide. NLY is the only position in Investors411 hypothetical portfolio

I still have a Put position to protect NLY. (strike price $17.00 for 3rd Friday in Sept) Also puts on other dividend stocks.

GLD – (Long Gold ETF) Obviously a mistake to sell and take meager +3% profits. Like a millions of other people who see worldwide economic problems ahead – waiting to buy another dip. Gold dipped dramatically yesterday -2.19%, but at one point was down @4%. The CME group changed margin requirements on gold, and this might be a one day delayed reaction. Also sure looks like GLD had its climax run and could be settling.

DisclaimerPersonally I own  a group of dividend stocks including NLY, SNH, KMP, MO, HTD, T, ABV & AGNC and a few other smaller positions I have puts on most of dividend stocks I own. I buy everything in the hypothetical Investors411 portfolio. I also own some (sold some yesterday) SDS & TZA (ETF’s that double and triple short the market) as hedges.

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Long Term Outlook (for US Economy)

BEARISH

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Long Term Outlook (for US stocks)

CAUTIOUSLY BEARISH*

*Investors411 has 5 different long term valuations - BULLISH, CAUTIOUSLY BULLISH, NEUTRAL, CAUTIOUSLY BEARISH, and BEARISH.

* Everything written in BROWN is a repeat from a previous day

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING

ALL TRADING INVOLVES RISK AND POTENTIAL LOSS OF PRINCIPLE

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