Terrorists Invited
Investment Research for Online Investors

by John Dalt

02/12/09

I woke up in a good mood, ready to take on the world, at least the market. Then I read that OH! Bama signed an executive order allowing Palestinian refugees to immigrate to the U.S. PALESTINIAN, as in Hamas and Hezbollah, that is exactly what we need, we pay for terrorists to come to America and get free health care, welfare, and have kids that are automatically citizens. Why do we need homeland security, and worry about the border? Gotta love diversity. Now our grade schools can teach in English, Spanish and Arabic. You can read the web posting from the White House here. 

Hamas Prime Minister Ismail Haniyeh--Terrorist

The market drifted lower until the last hour.  The last hour always holds surprises.  The Dow was down 228 points then clawed back to down only 6.77 to close.  There is a lot of talk about the stimulus on all the financial channels.  The allocation of blame for the market reacting as it is depends on the commentators politics.  Some believe the market is disappointed that the bill is not BIGGER.  Others believe the market is down because the investors and traders understand the bill may give a little bump, but it actually hurts the economy with higher interest rates, regulatory burdens, and inflation.  If you missed the article on Ronald Reagan I referenced yesterday, you can read it here. 

I tried to bottom fish the last hour with four limit orders.   None filled, and I may be glad that they did not.  Fridays are usually tough, as traders do not want positions over the weekend.  I was interested in HEV, GDX, IMMR and FFIV.  At the right price, I felt they would make good short-term plays. 

You may have heard about NEWSWEEK’s cover features the headline ‘We are all Socialist Now’. I was curious, if you are, you can read it here. It reminds me why I cancelled my subscription. When I could not stand TIME anymore, I went to Newsweek, then Business Week, and then I gave up. National Review is a great magazine; you may want to peruse their articles. National Review’s articles are well written and thoughtful, not the drivel that goes for journalism at many magazines.

I sold out of the last financial ETF earlier this week and took a hefty loss in the SwingTrader service. After Geithner's press conference Tuesday, the handwriting on the wall became clear. The new administration is led and filled by amateurs, they are in over their heads; or they cynically are trying to destroy any confidence investors have in our economic system. Either way financials are on the front line, I did not want my money to be there when the shooting starts. Legendary investor Jim Rogers was on CNBC the other morning and absolutely toasted Geithner and Larry Summers. I have to paraphrase “They have been wrong every time, if I came on your show 15 times with bad advice you wouldn’t invite me back, but these guys are put in charge”. If you want some great entertainment, watch Jim Rogers on CNBC from last October. 

 http://www.youtube.com/watch?v=G0u1-uUIWAw 

There are bits and pieces of his Feb. 10 appearance available, look around, it is refreshing to watch a guy with no political interest except Capitalism.  

In the mailbox: 

As an avid reader of several national publications, your information is as good and professional as any out there. 

                                                          C.F. 

Thanks, I work hard each day to bring some information that can help you make money. Politics seems to dominate, because the government actions are distorting the markets. Some days, when I am busy in the market, the letter is not as good because I do not have as much time to research. I make my living investing. Would you rather read something from a professional writer or an investor that does it for profit?

It is always nice to hear compliments, but you can slam me, if I step on your toes. Send you comments here. 

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.

HOME

Back to Top