Saturday, October 11, 2008
* When the spread between bid and ask prices widen, that is the sign of a market bottoming out, based on investor psychology and history
* We're seeing bid/ask spreads growing in stocks and sub $5 shares
* The VIX is absolutely through the roof, implying an increased likelihood of a market bottom
* A high VIX gives a direct correlation to levels of uncertainty
* Greater uncertainty means investors are less willing to pay for (or tolerate) speculation.
* This results in money pouring out of speculative stocks, combined with stampede selling, which has brought share prices down well beyond realistic levels
The result is that oversold stocks have a two-fold upside:
1. Their business can pick up from an operational perspective (meaning they make more money each quarter as they execute on their business plan). The stock's price will likely follow the results higher.
2. Overall market speculation can return (slowly and given time) resulting in an increase in share prices.
This is a great opportunity for cash that is on the sidelines to be invested. With all the chaos, fear, and panic, you'll be robbing people as they throw away their stocks.
To bolster my opinion, here are the facts of what to expect:
* The VIX will settle down, as it always does
* The market and the economy will recover over time, as it always has in the past, and as it always does
* Speculation will return to the markets, as it always does
If you can have patience and be greedy both at once, I can't think of a better investment strategy in this market environment. Be greedy as you scale into the bargains, and have patience as they recover and balloon your worth.
This is why our government is so out of control. And, now we have new administrate departments because of the economic crisis. I have gone down the list and have made several departments that I would eliminate today if I could.
Here is the full sorry list.
Friday, October 10, 2008
The child in their womb has a distinct Fingerprint, Has distinct DNA, is an individual in every way. Only the umbilical cord and the space rented for 9 months is the connection between mother and child.
I retrieved some pictures from a militant anti abortion website. I don't agree with their tactics. I refuse to link to them. I prefer to just point you to the evidence and let your spirit and soul be your guide.
I cannot accept abortion at any level. It is in that way that I agree with Sarah Palin. It's horrible, Rape, Incest. Abortion is more horrible. I warn you, DO NOT LINK OUT TO LOOK AT THE PICTURES IF YOU HAVE A WEAK STOMACH, ARE EASILY UPSET OR EMOTIONAL. This will turn you inside out. It did me.
I wrote about this in my prophetic blog. After seeing this I was disturbed for days. It's not my intention to disturb you too. I just think you need to understand that the those being aborted are children, not a mass of tissue.
I am taking a blog risk in doing this. Google may take me off line for posting these photos. I'm willing to take that risk. Perhaps my blogging days are over after this. If on the other hand I can convince anyone on how evil Abortion is it's worth taking the hit for.
One thing for certain is, for these children their life is over.
You can see the pictures here.
I won't get too esoteric on you, but let me introduce you to the VIX index. It is a calculation of the amount of volatility, uncertainty, fear in the stock market.
If the number is high, (the green line) it means that fear is rampant. The blue line is the DJIA.
This morning the VIX index peaked at 70. It has NEVER BEEN THAT HIGH.
With this much panic in the market, something has to change. It will.
I smell market bottom. Monday will tell the tale.
And now, America, we introduce the Great Obama! The world's most gifted political magician! A thing of wonder. A thing of awe. Just watch him defy politics, economics, even gravity! (And hold your applause until the end, please.)
To kick off our show tonight, Mr. Obama will give 95% of American working families a tax cut, even though 40% of Americans today don't pay income taxes! How can our star enact such mathemagic? How can he "cut" zero? Abracadabra! It's called a "refundable tax credit." It involves the federal government taking money from those who do pay taxes, and writing checks to those who don't. Yes, yes, in the real world this is known as "welfare," but please try not to ruin the show.
For his next trick, the Great Obama will jumpstart the economy, and he'll do it by raising taxes on the very businesses that are today adrift in a financial tsunami! That will include all those among the top 1% of taxpayers who are in fact small-business owners, and the nation's biggest employers who currently pay some of the highest corporate tax rates in the developed world. Mr. Obama will, with a flick of his fingers, show them how to create more jobs with less money. It's simple, really. He has a wand.
READ THE WHOLE THING, IT'S GREAT
Thursday, October 09, 2008
This is NOT thus saith the Lord.
This is Gene after many years of trading. We have hit a major support point in the market.
I know about chart patterns. Chart patterns say to me we have now found a bottom. And it's a weekend coming up. I suspect tomorrow will find higher closes on the Dow.
Then, stability. Trading range. And, over time the bear market will end. It will trade sideways for a while. But it will trade.
At least that's what the chart says.
I’m getting a sense that some people are freaking out, out there, that it’s three weeks to election and so it’s time to hyperventilate.
Of course that’s not true. Three weeks is still a huge chunk of time in an election, and things turn on a dime. The whole point of the big “landslide” story is the press helping Obama out some more; it is meant to make you despair and not go vote. It’s a game. While they’re saying “landslide,” and Charlie Gibson is acting like he’s in heat, Obama’s lost another point at Rasmussen.
The truth is, he’s not closing the deal, he can’t close the deal unless ACORN goes out there and registers 105% of voters, slashes tires and does all the stuff they have done (with little-to-no press coverage) with increasing vigor in each election.
Obama is a construct. He is a put-together illusion. He managed to use technicalities to have every opponent thrown off the ballot in his first run for the IL state senate, so that his name was the only name on that ballot. We all know it.
A while back, a friend of mine who is voting for Obama justified his vote in this way: “did you read either of his books? What a writer!”
There are a lot of exceedingly good writers out there who should never be president. Sometimes I’m one of them! But beyond that, what I did not say to my pal at the time is that I had my doubts he even wrote the books. Why? Because as editor of the Harvard Law Review, he has nothing published. Because we’re not allowed to see any of his college theses. We have absolutely nothing which which to compare his writings to, and that troubles me why?
Because the author of those two books is a WRITER, and this I know about writers - particularly writers who manage to put forth a voice of such lyricism - a writer WRITES; a writer cannot help himself but write.
The person who wrote Dreams of My Father and Audacity of Hope would have other writings out there for us to see. Obama does not. Not a scholarly piece such as might be expected from an editor of the Harvard Law Review, not a thoughtful piece on social issues written for a journal or magazine. Nothing. All those years working as a “community organizer” or ACORN guy, or whatever - no small writings, anywhere, to indicate that this writer was writing. And, co-incidentally, there is nothing out there to which we might compare the voice of those two books. As my L’il Bro Thom often remarks, “you can always identify a writer by her voice.”
I’m not the only one wondering if Obama had a ghost-writer - or at least some major assistance - with his books. Confederate Yankee wonders, too, and further - because the books are so polished - he wonders if they’ve been written by someone rather close to Obama who has written some 15 books, a writer who is always writing because that’s what writers do: Bill Ayers.
It’s just a notion, of course. There is no proof, of course, so all we can do is wonder, as this writer, who sometimes ghost-writes, wonders.
But there is much going on in this election cycle that should make us wonder about things.
I still wonder if Obama never thought he’d get this far, this year. For a while, I believed that this improbable run for the most powerful office in the world - supported by a mere 150 days in the US Senate and a few terms legislating in Illinois - was meant to reward Obama with a place on the bottom of a Hillary ticket, but that things “happened.” That would have made more sense, wouldn’t it? Give Obama 8 years in the background, polishing, learning the ropes, shoring up all of his weakesses, until even his close working relationship with domestic terrorists and his former Socialist past would be rendered utterly meaningless.
They should have stuck to that plan.
But then again, folks, you know what I always say - everything happens for a reason. There is a reason that this untried, unprepared, not-especially-glib-after-all man has been thrust into such extraordinary prominence at this time. There is a reason why so much seems to be coming together to work in his favor. There is a reason why world markets are collapsing just before this very important election, and why they will continue to do at least until after the vote.
What that reason is? Who can say? All I know is, stop freaking out. At this point in the election 4 years ago John Kerry was wandering around hearing himself referred to as “Mr. President.” This point in 1980, Jimmy Carter was planning his second inaugural.
My advice: live in the Present Moment and ask God to reveal Himself and His planin that moment. Not in the next moment, not in the past moment. Work on the present moment. If you can get a real grasp of that - and if you can remember that past and future are also constructs, because time itself is illusory - then you have no need to hyperventilate. for you
Sufficient unto the day is the evil thereof. Go read Matthew, go read the Sermon on the Mount. It’s all about that.
Meanwhile, the press is getting upset about free speech, and suggesting that McCain/Palin are “inciting hate.” It wasn’t “inciting hate” when books and plays and films were made about how President Bush was a nazi, a baby-Hitler who should be assassinated. THAT was free speech. But now…hey, laughing at Obama and sneering at the lying, feckless press - that’s inciting hate, and that should be CENSORED. Get the waaahmublance for the press. They descended upon Palin like Jackals and didn’t think the public would notice.
Once again, we see that all the evils the left has projected upon Bush for these 8 years, are the ones that they harbor within themselves. Classic, classic projection. Bush has never censored anyone, or suggested as much, and he’s had nothing but hate and vile accusations made against him. These folks have made it clear, that censorship is something they really like.
F’rinstance, here’s more on Ayers and Obama.
I frankly think McCain should be hammering the origins of the economic crisis, but this is the path on which they’re choosing to run. And yes, it is important, too. It is important to know who the president of the nation is…which is precisely what the press has been trying so hard not to tell you. They did that once before, too. As Bob Owens notes here in this good piece - the Obama/Ayers/Dohrn association should not be dismissed.
Sarah Palin isn’t the only conservative female juggling act in politics: Meet Minnesota’s Michele Bachmann
"I learned the value of a dollar," she said. "Deprivation sometimes can be one of the most marvelous teachers."
Wednesday, October 08, 2008
After this skit ran last Saturday Night on NBC Billionaire Puppeteers Soros and Sandler pressured NBC to pull the skit.
You can read about it here. BUT, here’s the real question, do you think that financing Moveon.org and all that left wing money the Sandlers have been investing in electing Obama, the money that has come from connections overseas, the money of over a half billion dollars is being given without strings? Do you think for a second that Soros and Sandler are going to allow Barry to go play in the sandbox in the Oval Office without getting control of him?
I watched the de-bore-it last night and realized, Obama is Chance Gardner and is unknowingly under the evil influence of Soros and Sandler. He’s a puppet.
Our government is being stolen from us by vile and vicious forces. They showed their true colors by bullying NBC into capitulation.
Of course I’m an alarmist. or am I?
Hat tip to my Brother Steve
He couldn't have been more incoherent.
Except for Barry.
BHO rambled, generalized and basically kept saying
"I'm too sexy for my shirt, too sexy for my shirt so sexy it hurts"all night long.
Kind of like K in Men in Black.
Yea, but I make it look good.
Content, neither of them had any.
So, inmyhumblerightwingopinion McCain didn't win, Obama just looked dumber than usual. McCain was marginally less a boob than Obama. I don't think there's a full 16 ounces of Gravitas between them.
Do you really want this man as President? He's a zero. Rudy told us that. It's still true.
I want my PALIN NOW!
Tuesday, October 07, 2008
Gotcha Questions for Katie Couric
By Dennis Prager
FrontPageMagazine.com | 10/7/2008
Just as Charlie Gibson did in his interview with Sarah Palin, Katie Couric set out to humiliate the Republican vice-presidential candidate with a series of "gotcha" questions.
This tactic -- rarely employed with major liberal candidates -- could be used equally effectively against Couric, or most any other liberal member of the television news media. It would be highly instructive to have Couric asked questions in the same way in which she (and Gibson) asked questions of Palin.
Q: Critics of the war in Iraq argue that prior to the invasion of Iraq, America had never attacked a country that had no plans to attack it. How then do you explain the Korean War?
On my radio show, I have asked this question of some of the most celebrated names among liberal intellectuals, and they had little or nothing to say. One major editor simply admitted that he had little familiarity with that war. That is too bad because America invaded a country that had absolutely no intention, let alone ability, to attack the United States. The United States attacked Korea -- and sacrificed over 30,000 American lives -- solely in order to prevent Korea from becoming a totalitarian Communist state. We succeeded in the southern half, and over 50 years later, North Korea remains essentially a gigantic concentration camp.
Q: Many Americans believe that the most important way of understanding the effects of taxation on government revenues is the Laffer Curve. What is your opinion about this?
The Laffer Curve, which, unlike the "Bush Doctrine," is objectively definable, is perhaps the most important economic argument against tax increases -- because at a given point of increased taxation, the government will actually receive less tax revenue, not more. It would be quite surprising if many TV news people, including anchors, could define this economic theory, let alone intelligently discuss it.
Q: Is there any point in a woman's pregnancy at which you would call an abortion immoral?
Couric spent some time trying to show how immoral Palin's anti-abortion position is, since it even extends to cases of rape or incest. That was not necessarily unfair questioning. Even some who believe that human life begins at conception are prepared to allow abortions in the case of rape or incest. But it would be highly educational for Americans to see the tables reversed on pro-choice people: Are there any circumstances when a pro-choice person is prepared to make a moral judgment on killing a human fetus? How about during the third trimester (presuming, of course, that the pregnancy poses no threat to the life or health of the mother)? Or when an abortion is performed solely for convenience (for example, a married woman who was planning to start a new business or to take a long-planned trip abroad -- and the pregnancy therefore came at an inconvenient time)?
Some more possible questions:
Q: Members of the news media believe, correctly, that individuals running for political office, because of their potentially great impact on American life, should subject themselves to interview after interview about their views, values, personal life and knowledge base by often hostile members of the news media. But, the most powerful members of the news media, people who have more impact on American life than almost any politician in America, do not allow themselves to be interviewed about their views, values, personal life and knowledge of the issues. Why not?
Q: Which of the Federalist Papers do you think is most important? Why?
Q: In a question to Palin, you said that "women make 77 cents for every dollar a man makes." If that is so, why don't employers only hire women whenever possible? What employer wouldn't want to save 23 percent for the same work? Is it possible that many women choose more flexible hours, want jobs with less travel and may choose less demanding work given their desire to be home more?
Q: On one of your CBS newscasts this year, you said: "A new study on teens and sexual harassment should give every parent pause. … In a study that appeared in the journal Child Development, 90 percent of teen girls say they've been harassed at least once." Did you read that report? If not, how do you justify reporting it on a national newscast in order to alarm "every parent"? The report defines sexism and sexual harassment as including "sexist comments about their academic abilities, sexist comments about their athletic abilities … demeaning gender-related comments, teasing based on their appearance, and unwanted physical contact." In other words, if a boy says to a girl, "You throw a ball like a girl!" that is deemed an instance of sexual harassment. Isn't that somewhat hysterical?
Q: What did you think of any articles in the most recent issues of Commentary, The Weekly Standard, National Review or any other conservative journal? Or do you only read liberal writing?
While every conservative pundit, commentator and talk show host I know of is regularly exposed to liberal thought, the opposite is not the case. It would be fascinating to learn how much Couric knows about how half the country thinks.
Women are diverse. They have different viewpoints. I mean, you say this all the time, it’s not a monolith. But I think what she does is speak to America and an American sensibility that sometimes is not heard in Washington where we live or in New York or in L.A. Sometimes you have to come to America, the middle of the country. Tom Wolf says there’s the parentheses and in the middle of the parentheses it’s America, okay? So those people who, sometimes they sit in their lazy boy rockers and sometimes their kids eat macaroni and cheese, they don’t travel to Europe every summer. They don’t go to the spas. They don’t have to watch the Sunday chat shows to exist. They actually have real lives. Those people actually see this woman and they think, "Gosh, you know, I don’t agree with her on everything, but she seems really strong, she seems like she loves this country, she seems committed to this country, she fights corruption," and that’s a very positive thing.
Joining us is Susan Estrich. Susan was the first woman to run a presidential campaign – for Michael Dukakis in 1988. And, Susan, I suppose, in all fairness, I should say that most people in the Republican Party are waiting for Senator McCain’s speech, but, I guess, I mean, it`s sort fun there’s a woman on the ticket, so people are also excited to hear from her. But is she getting an unfair grilling or is this part of the vetting process by the media?
SUSAN ESTRICH, FORMER DUKAKIS CAMPAIGN MANAGER.: I’ve never seen anything this bad in my life, and, Greta, I was with Geraldine Ferraro in ‘84 – and this is worse. I do have to say to Laura, though, I have a lazy boy recliner, my kid eats macaroni, and I haven’t been to Europe in 10 years. But putting that aside, I don’t agree with Sarah Palin on the issues. I mean, she and I are very far apart, but I have never seen from some of my friends such vicious and mean-spirited attacks on her most personal choices, which is what they are. We ask that our choices be respected. Hers should be respected. And this questioning of whether she should as a mother of five be running for Vice President, I don’t recall anybody saying that Arnold Schwarzenegger shouldn’t run for governor of California because he’s got four kids. I think this is just really unfair, really sexist, and very likely to provoke a backlash.
Since I posted this video, as did many other free speech loving Americans, the socialists have deemed it not worthy and have pulled it down once more. Fortunately, One man was quick enough to record and repost it under his own video server. Until they send the jackbooted SS thugs over to his house to drag him away and kill him, you can see the full video HERE.
I'm only HALF kidding. This is a war against free speech and the liberal Nazis and their media sympathizers are out to quash all voices other than their own. We are under attack America. Obama is a pawn. They are using him. This country is being taken over and it's evil.
Monday, October 06, 2008
A Modern Parable of the Wise and Foolish Virgins
by William L. Anderson
by William L. Anderson
Jesus began to teach the crowd, bringing his message in the form of parables. "Before the wedding feast," he began, "There were 10 virgins. Five of them had brought extra supplies of oil for their lamps, while five foolish ones brought enough only to last a short while.
"Before long," he continued, "The five foolish virgins noticed that the oil in their lamps was running low, and they turned to the five wise virgins and exclaimed, ‘Give us some of your oil,’ they demanded, ‘because if you don’t our lamps will go out.’ ‘We cannot do that,’ the five wise virgins replied, ‘since there will not be enough and none of the lamps will stay lit.’"
As Jesus began to explain the lesson, Rabbi Frank, Rabbi Dodd, Rabbi Paulson and Rabbi Bush stepped from the crowd to confront him. "Rabbi," they said, "Are you not forgetting that you must have a concern for social justice and fairness?"
"How mean you?" asked Jesus, already annoyed that the four rabbis had interrupted his lesson. They began, "Is it truly just that some virgins have more oil than others? Can such a state of affairs be permitted in a just society?" "Hmmm," said Jesus, "I think this is becoming interesting. Go on."
"If there is need," continued Rabbi Frank, "should not others have to meet it?" Interjected Rabbi Dodd, "Why are the five wise virgins permitted to keep that oil to themselves? Should they not have to give it up, in the name of justice and fairness?"
Jesus replied, "I will ask you a question. If the wise virgins give half of their oil to the foolish virgins, would it not be the situation that when the bridegroom appears, there would be no oil left at all and everyone would be left in the darkness?"
Rabbi Paulson then spoke up. "I would hope that you would not appeal to greed," he told Jesus. "These wise virgins have a social obligation not to let the foolish virgins run out of oil," he said. "In fact, the foolish virgins have a right to demand a bailout!"
"You still have not answered my question," said Jesus. "If the wise virgins bail out the foolish ones, would not the bridegroom be worse off because all will be dark when he appears?"
"The foolish virgins have not only a right to the oil from the wise virgins, but they also have the right to take oil from the very Treasury of Oil itself," declared Paulson, seeming to be very proud of himself. Jesus, being puzzled at the statement, asked, "If they take from those stores, how will they pay for it?"
"They have a right to that oil!" shouted Rabbi Frank and Rabbi Dodd. "Besides," they added, "Even if they are just borrowing the oil, in the end we simply will owe it to ourselves."
Jesus still was not satisfied. "Why," he continued, "should everyone be forced to be in the dark because some virgins were not prudent enough to bring more oil? Should they not have to bear the burden of their misjudgments? Why should their foolishness be borne by all?"
At that, Rabbi Bush exploded in anger. "How dare you be satisfied with such a status quo! First, those foolish virgins were victims, for there is not enough affordable oil, and it is not right that only some have a full supply while others go empty-handed!"
He continued. "Second, the only just solution is for the wise virgins to bail out the foolish ones, or else people will have to live in darkness."
"Uh," Jesus replied, "I think that we already have established that if your plan is put into place, everyonewill be in darkness."
Rabbi Dodd interjected, "Rabbi Frank and I have long believed that oil should be affordable for everyone, and that is why we have worked to increase the access of everyone to oil." "I know," replied Jesus, dryly, "Your scheme forced up the price of oil so high that only those who had been wise and prudent with their money could afford enough of it at the end. It is harder now to get oil than ever."
Rabbi Paulson stepped forward with a big grin on his face. "That is why we have a special plan," he told Jesus. "Foolish virgins can borrow all of the money they want from King Herod, who plans to borrow that money himself from the people."
"How will the payback work?" asked Jesus, concerned. "It seems that people will be in debt with no hope of repayment. You say you are borrowing from the people to lend to the people? Does not the Book of Proverbs say that the debtor is slave to the lender?"
"Not in our economy," replied Rabbi Paulson proudly. "We will owe it to ourselves."
And Jesus wept.
Copyright © 2008 LewRockwell.com
Sunday, October 05, 2008
I am good at worry. I do it well and more than I should. I must enjoy worry because I do it so much. We talked about that. In the end we developed key principles of Overcoming Worry in our lives:
First, we came up with principles that deal with worry.
- When I worry I take on responsibility God never intended me to have.
- When I think I have control over the outcome of anything I only fool myself.
- There is no bank of Grace, we only get enough Grace for the situation we are in and not until we need it. Like Manna.
- God never wastes the difficulty and pain in our lives.
We developed the 7 most important principles for overcoming worry:
- Live for today alone, tomorrow has enough trouble for itself and yesterday is gone. Don't borrow trouble from tomorrow. Matt 6:34
- Learn to Rope a Dope trouble. Ask the magic formula questions. What is the worst that can possibly happen to me in the situation I am worrying about that. If it happens can I prepare myself to accept it? If so, what can I do to improve the situation. Cooperate with the inevitable. Philippians 2:12-13
- Get the facts before you start worrying. Most of what you hear in the media and in those forwarded Emails and on the blogs are not true. Ask yourself, What am I worrying about, What if anything can I do about that, What should I do and if so when.
- Don't let the little Foxes spoil the vines in your life. Life is too short to be small. Don't let the little things eat you up, they aren't that important.
- Stop Sawing Sawdust. Rehashing old hurts only hurts you. Dwell in the future, not in the past. If you harbor bitterness or anger over past hurts it's like taking poison and hoping your enemy dies. It only hurts you.
- Place a stop loss on the things you decide to worry about. If you insist on spending time in worry, decide in advance how much time you will spend worrying about a thing. Then, after you have invested that amount of time today in that pursuit, stop. You can pick up worrying about it tomorrow. That way you are able to get on with your life rather than obsess over the situation.
- Never try to get even with others. Don't be surprised by criticism. Remember nobody ever stops and kicks a dead dog. If you are being criticised it's an indication you are doing something. Don't be shocked by ingratitude. You will not receive thanks for everything you do, if you don't don't be surprised. Jesus was criticized constantly for spending time with sinners and rejecting religious tradition. Mary was criticized by Martha for not helping. She was criticized for "wasting" oil on Jesus feet by Judas. Jesus healed 10 lepers. One expressed gratitude. 9 did not. Jesus got over it. So can we.
We can control our worry habits by using these 7 proven principles. Don't be anxious for anything. But I am wired to worry more than I should. I'm still growing in that area.
In church today one of the fellows, Dan, asked how I was doin. I told him of my elm diggin experience. My sore muscles etc.
How after diggin four of the thirty or so I need how I had given up. Worn. Exhausted.
His comment to me was, "well, you know Gene you're gitten up there". He could have talked all day and skipped that.
The fawning of the press over Obama should be embarrassing to the Mainstream Media. I said Should be.
They are and so are all the other Alphabet networks. If Obama loses, and I hope to God he does, Could it mean that the stranglehold of left wing propaganda has been finally broken? Naaah. They must be crushed and taken over. They will not surrender easily. Viva La Liberation!
I'm talkin bout a revolution......