Galt Stock

Fast profits, limited losses in a changing market!

Dec 8, 2008

Money needs to find a home; today investors are willing to buy a 30-day Treasury at 0.01% interest!  Gosh ma, if we put enough in, we can buy a toaster!  The Santa Claus rally sputtered today, we wait on the Detroit bailout, a Fed announcement of lowing rates, and OPEC to cut production.  There was no good or bad news today.  The market is willing to overlook bad news, jump on good news, but no news causes confusion.  I think we still have room in this bear market rally to run higher, today we consolidated our gains, some traders are selling stocks that climbed back up to even.

The Illinois Gov. heads to the slammer, then the statehouse!    The FBI arrested him on trying to sell the Senate seat vacated by OH! BAMA!  It seems the feds had a wiretap on his phones and caught him trying to monetize his appointment.  OH! BAMA aids offered their mentors appreciation and a job for the Gov’s wife, but no cash on the barrelhead.  Chicago politics just is not what it used to be!

By the time Washington hammers out a ‘loan’ for GM and Chrysler we will have slid farther down the slippery slope of socialism than any of us would have thought possible six months ago.  It is becoming clear there is little difference between Republicans and Democrats.  One just promises to put it in a little!  OH! BAMA! criticized President Bush during the presidential campaign for large deficits.  Now the president elect is rumored to propose a trillion dollar stimulus when he takes office.  It will be interesting to see our government defend these nationalizations when other countries file complaints against us for unfair trade practices.

We will look for a bounce in the markets tomorrow.  If we do not get a bounce, it could get ugly.

If you are looking for a nice gift to ship to a friend, here is an idea for you http://www.worcesterwreath.com/ .  This company’s president, Morill Worcester donates wreaths every year for Arlington National Cemetery.  Maybe a little bit of the money you spend with him will help him continue this philanthropy.

WARNING:    The information presented in this newsletter is based on generally available news releases, corporate filings, current events, interviews and the editor’s opinions.  It may contain errors and you should not make investment decisions based solely on what you believe you have read here.  Do your own research, it is your money.  If you lose it, it is your responsibility, not ours or your grandmothers!  The editor may or may not have a position in any securities discussed.  The editor may have held a position in a security earlier, or in the future.

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