Shocked there is Gambling
Research for Online Investors

by John Dalt

10/22/09

ABC has a story headlined, “Administration Shocked by GM and Chrysler.”  My first thought when reading this headline was that they were starting to act more and more like government bureaucrats.  The story is mostly fluff, conveying Steve Rattner’s observations concerning mismanagement, and the insular nature of the ivory towers.  This reminds me of my favorite move line from Casablanca, “I am shocked…shocked there is gambling going on…”

The Democratic Party of Japan overwhelmingly won elections in August.  One of their main planks was changing the relationship with the United States.  The Washington Post has the story of frustration felt dealing with shifting political winds, “U.S. pressures Japan on military package.”

At stake is a Marine base, refueling operations for our Navy supporting the war in Afghanistan, efforts to counter China’s expanding military and North Korea’s missiles.  One of the funniest unattributed comments from our state department is, “the new ruling party lacks experience in government and came to power wanting politicians to be in charge.”

I wonder how some of our allies feel about the current administration…

Nokia (NOK) has sued Apple (AAPL) in Delaware for violation of ten basic patents affecting the iphone.  Oops.

We apologize for the late arrival of MarketToday the last few days.  It seems to take longer and longer to navigate our email provider’s servers.  We have always waited until after market close, so we could include any developing information.  We will start publishing one hour before market close so you can receive our best in a timely manner.

“The only bubble I see developing in the world right now is in long-term government bonds in the United States. The idea that somebody would lend money to the United States for 30 years in U.S. dollars at 4 or 5 or 6 percent interest is incomprehensible to me.”----Legendary Investor Jim Rogers

And our quote sent in by subscriber T.W. to compliment the article from Asia Times referenced yesterday.
“Peace is that brief, glorious moment in history when everybody stands around reloading.”---Anonymous

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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