Dylan Ratigan

No Brainer TAX

Senators Jim Webb (D) and Barbara Boxer (D) are offering a NO BRAINER tax that many other countries have already enacted.

If your company took over $5 billion of the TARP funds (our tax money) all bonuses over $400,000 would be subject to a 50% tax for the years you held our TARP money. The only reason these companies exist is because of  the TARP bailout, borrowing trillions at @ 0.00% from the FED (means future inflation for you) and have been allowed to drop transparent mark to market accounting.

You’d think a 50% tax on just the bonuses over $400,000 for the top executive would fly through congress like far more stringent taxes have in other countries like Britain. But YOU hear almost nothing about it because of the lobbyists and their tight control over the media. Dylan Ratigan on MSNBC (4:00PM EST) yesterday carried an interview with Senator Webb (D-VA) It seems in their first attempt they could not even get this on the floor of the Senate for a vote.

YOU get the bill and the wealthy that screwed you get the BonusOnly in America and third world dictatorships does this happen.

Health Care

The Good, The Bad and the Ugly

  • The Good-The proposed Heath car plan under Obama will cover an additional 31 million Americans. Perhaps we will no longer be #1 on the list of “western” countries in which preventable deaths occur. One Republican’s  plan covers 3 million additional Americans. Its better than zero.
  • The Bad – At best long term, the Obama plan may very very slightly limits the 17+% and growing amount of GDP we spend on health care. Obama administration long ago sold out to the monopoly the insurance & drug companies have in the USA.
  • The Ugly -  Totally political congress that is only interested in getting elected instead of solutions  and lack of leadership from Obama have prevented real solutions that are working – a public option or universal health care that dozens of other countries have voted to keep for decades.

Yes, we have the best health care system in the world - If youyou’rer a Saudi Prince, uber wealthy foreigner, know someone, or are a wealthy American you actually get to use the best system in the world. Forget it if you’re an average Joe and Jane American.

Whipcongress.com has  kept the drive for a public option alive – 40 Senators have signed on – YOU can help.

Dylan Ratigan

Dylan, used to be the anchor and co creator of CNBC’s “Fast Money” and now has his own show on MSNBC.  He has both financial skills and is unafraid to nail any politician or industry unlike the corporate lapdogs of CNBC. As stated above his show is on at 4:00 PM EST.  One of his recent editorials on Corporate Communism in Heath Care and Banking. is a Must Read.

As Americans, I believe we reject communism because it historically has allowed a tiny group of people to consolidate complete control over national resources (including people), in the process stifling competition, freedom and choice. It leaves its citizens stagnating under the perpetual broken systems with no natural motivation to innovate, improve services or reduce costs.

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!

Index Percentage Volume
Dow +0.11% up
NASDQ +0.36% up
S&P 500 +0.17% up
Russell 2000 +0.38% -

Investors411 record – 5 years of beating benchmark S&P 500 and almost all major US indexes

Technicals, Fundamentals & Analysis

See PositionsStrategy , and Overview for changes made over weekend. (No changes this weekend)

A decent rally collapsed into yesterday’s close. We rallied a bit in the last 10 minutes to close in the green. Volume was up & above average. The benchmark S&P 500 came within @ 0.40% of reaching anew 18 month high. The NASDQ and Russell 2000 are already at new highs, but it has NOT been the typical big volume breakout that usually signifies the continuation of a major rally.

US markets need some fundamental push to breakout before the bullish momentum runs out of steam.

  • Perhaps good news from weekly jobless claims Thursday.
  • Perhaps the increased exports/imports just announced by China will lead markets higher, China is not nearly as close to or at  a new highs like US, Britain and some other countries. Worries over a developing housing/office space glut/bubble are holding back investors.
  • Perhaps it will be the financial sector (XLF the ETF) that almost broke out yesterday. – Attempts to regulate this sector are getting weaker.
  • Perhaps the Dollar will fall. This would mean the Euro would get stronger.

Significant Indexes

  • McClellan Oscillator dropped a bit to +6o.89 yesterday. We are still well above +60 or Overbought territory. StockCharts has a better version of the McClellan chart ($NYMO) LINK.
  • BDI - The Baltic Dry Index, which measures the cost of world trade (also a good indicator of how China is doing since they are huge exporters/importers) has exploded higher in the last few weeks = Bulls rule Two days ago the BDI, like stocks, leveled off in front of a strong resistance level. Yesterday it fell.

Positions

The  Positions Section = latest buys and sells – (Revised positions last weekend) - These are positions I actually own

Mantra – Since the McClellan Oscillator (NYMO) is still over +60, or overbought -  Right now,  selling (taking profits) is more desirable than opening new positions because of the short term over bought conditions. Positions:

  • 6% EWZ (Brazil)
  • 5%MOO (agriculture ETF)
  • 5%FXI (China)
  • 3% IMAX – In a HUGE explosion higher right now

All three ETF positions are currently under performing US markets.  They are 5 to 10% from their old highs. Will sell more if NYMO gets above +80. Will nibble on THY & other positions if NYMO falls to @+20

Answer to Monitor’s comment - Congratulations on using  YOUR Stock Picks wisely and making a killing, I know others who have used the list and sent personal emails are also doing well.  See comments section on side of blog.

Long Term Outlook = CAUTIOUSLY BULLISH

AS ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING

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