Elizabeth Warren – The Consumer/Taxpayers Hero

Consumer Financial Protection Agency

The Consumer Financial Protection Agency that passed the House is the most important piece of legislation out there that will impact YOUR future. Sorry Health Care legislation that may pass, while important, looks too weak  to make a significant impact.

TARP oversight administrator Elizabeth Warren (she’s invited on everything from ultra right wing shows like CNBC’s Larry Kudlow to ultra left wing shows like MSNBC’s Rachel Maddow) believes a single Consumer Protection Agency “absolutely” “would” have prevented the financial collapse.

Right now, there are 7 different agencies that big business goes to. They shop around to find the agency that gives them the best deal or least regulations. This 6 minute video is well worth watching. (a 14 second add precedes video)

This is the moment or the tipping point. “David” (you the consumer & bailout taxpayer) vs “Goliath” - (the shadow financial Industry with their insiders and powerful lobbyists) according to Warren.

Sorry to disagree with Popeye and those who think that there is little difference between Republicans and Obama/Democrats, but, in this case all Republicans voted against a Consumer Financial Protection Agency in the House. Stewart (see comment section) – is right Republican’s just don’t get it.

Put off Economic Forecast Conclusion because CPFA just too important

KISS & Stocks (Keep It Simple Stupid)

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


Index Percentage Volume
Dow +0.02% down
NASDQ -0.33% down
S&P500 +0.05% down
Russell2000- -0.02% -

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

Technicals, Fundamentals & Analysis

See Positions , Strategy , and Overview for changes made last weekend.

Another flat low volume day as markets await US monthly employment report on Friday .

The Fed released its minutes yesterday showing a diversity of views .

“A few” wanted to expand liquidity – “buying mortgage securities from Fannie Mae and Freddie Mac might need to be expanded,” One member thought it should be “scaled back.” and it looks like the majority have a wait and see attitude.  Data this week showing a decline in home sales after a 9 months of increases gives “a few” a much stronger case. The employment report also impacts this. Translation for stocks = More liquidity is short term positive and a possible long term negative because it could bring inflation.

  • McClellan Index at +28.73 = A bit overbought. This means we have some wiggle room for US stocks to move higher before they reach @+60 or overbought territory – a time to lighten up on positions. There’s a long way to go till we reach @-60 or oversold – a time to add to positions.


The  Positions Section (also at top of blog) has the latest buys and sells (Usually updated over weekends)

These are positions I actually own


Results for 2009 +35.5%

Results for 2008 -13%

See POSITIONS (scroll down) for details on this and what’s under consideration for 2010.



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