Saturday, October 18, 2008
Dow Slides but Logs Best Week in 5 1/2 Years
Stocks are now trading at a level last seen in 2002/2003, and it's the best week in 5 1/2 years? Just because they managed to rise 4.5% from the bottom at around 8500, before starting to decline again? Guys, that isn't good news. That's a dead cat bounce.
Be very careful where you're getting your financial news, and read carefully. There are a lot of cheerleaders out there squawking "Buying opportunity!" like a bunch of demented parrots. While there are opportunities to make money even in this market, it takes a very smart, very savvy, very involved investor to do so. We're still looking at a lot of room for bad news.
Husband your cash carefully. It may be your best friend very soon.
Friday, October 17, 2008
I really hope he's wrong on what's coming.
Thursday, October 16, 2008
Wednesday, October 15, 2008
Gallipolis Wal-Mart shoppers were at first surprised and then excited on Sunday to find a national political figure in their midst who was, just as they were, picking up a few things she needed.
Accompanied by her youngest son Trig, security, staffers and a small pool of news media, Republican vice presidential candidate Sarah Palin stepped off the “Straight Talk Express” bus to enter the store around 1:30 p.m., where she purchased a bag of Parents’ Choice brand disposable diapers and a toy.
Couldn't you just see The Messiah in a Wal-Mart? He'd have to shower for an hour after to wash off the hoi polloi.
...whether you want help or not.
Community banking executives around the country responded with anger yesterday to the Bush administration's strategy of investing $250 billion in financial firms, saying they don't need the money, resent the intrusion and feel it's unfair to rescue companies from their own mistakes.But regulators said some banks will be pressed to take the taxpayer dollars anyway.
So we have banks in this country who actually didn't get on the real estate bubble-fueled get rich quick bandwagon, and the Federal Government is going to force their "help" on them. That's just great. Take what few banks we have that act they they have some business acumen and force them to sell some yet to be determined percentage of themselves to the Federal Government. That's just f'ing brilliant.
"But it's only for a 5 year period. If they pay the money back, the Fed is out of there."
Really? When's the last time you saw the Federal Government take over control of anything and voluntarily give it back? Hm-m-m?
Tuesday, October 14, 2008
My advice is not to get caught up in the irrational exuberance-- be very wary of the markets.
Monday, October 13, 2008
Sunday, October 12, 2008
- 20 Most-Asked Shotgun Questions--of particular interest to me was the chart on the expected pattern size for various chokes at various ranges.
- Clay Targets Online: Descriptions with pictures of the various shotgun sports plus a locator service to find places to shoot.
Next up, shotshell reloading.