Since he started talking, the DOW fell ~90pts. Add in a higher cap gains rate, and you can see where the next 4-years are headed.
GM is about to merge with AIG, the US Gov't, and...YOU! Get ready to own a stake in the shittiest company in the world!
Friday, November 7, 2008
Thursday, November 6, 2008
Jobless Rate to Soar Under Obama
Like the LumberHACK said below, you now have no income for Jackson, Sharpton, and the crew that spends their days pretending America is racist, brainwashing African Americans to believe white people hate them. Oh wait, Obama didn't win the majority of white votes, we must still be racist! Idiots. I have to be honest, I don't even think about race when I speak to people. Why to the Jackson's think I care if they are black or white. I don't. Makes no difference in my day to day. Generational changes.
Wednesday, November 5, 2008
Memo to Jesse Jackson
Now that we've finally elected a black President, we can do away with Affirmative Action! What's that you say, Jesse? "There's sill 'work' to do?" I don't think so, Mr. Hymietown -- an American citizen of African descent has just become the leader-elect of the free world -- you can't progress any higher than that! You and your fellow race-baiting shakedown artist Al "I Tawana Taw A Puttiecat" Sharpton are now going to have to find real jobs. Welcome to the new America, where racism and discrimination for any reason and by any name will no longer be tolerated. Sucks when the Law of Unintended Consequences bites you in the ass, doesn't it?
If the market is a discouting mechanism...
The people have spoken about where they see Obama taking the economy. Good news is the bar is set low. Bad news is, Obama has been the second most liberal voting senator. Glad to see a lot of Clinton left-overs involved in the transition process, though.
TOLD YOU THIS MARKET WAS F'd
As I said on Monday morning:
Why I think we stall and retest:
-- dearth of news flow coming
-- post election malaise
-- end of mark-ups
-- dismal 4Q coming
-- energy prices rebounding
-- sudden willingness to buy exposes the lowest common denominators
-- all of the recent performance was a last hour phenomena, not indicative of healthy sustainable buying, but marking up, short-desks cleaning up margin by 3PM EST
Why I think we stall and retest:
-- dearth of news flow coming
-- post election malaise
-- end of mark-ups
-- dismal 4Q coming
-- energy prices rebounding
-- sudden willingness to buy exposes the lowest common denominators
-- all of the recent performance was a last hour phenomena, not indicative of healthy sustainable buying, but marking up, short-desks cleaning up margin by 3PM EST
Tuesday, November 4, 2008
On Jewish People Supporting Obama
As the grandson of a Jewish grandmother, I have to say I am shocked at the number of elder Jewish people unwilling to vote for McCain. They all love Obama!
Of all the groups that you would think would HATE Obama and love a republican, the Jews would be at the top of the list.
Here is why:
Of all the groups that should love Bush, its the Jews. Bush has been Israel's best friend for 8 years and would never let anything happen to Israel without a response, and the rhetoric around Iran has been in the defense of Israel.
Jewish people wouldn't even be friends with a baker who served a Palestinian, yet Obama supports the PLO's former spokesman, Rashid Khalidi, and gave a nice speech in honor of Khalidi in 2003.
Obama doesn't view Iran as a significant threat, and said so because Iran is small compared to the USSR. He is bordering on Iran supporter. " Obaman said lately, “Show me where Iran tried to extend its terrotories”. It's a tiny country that doesn't pose a threat, according to Obama himself. If I said that to my grandmother she would throw me out! Yet Obama is for "CHANGE" so it doesn't matter.
Who would've though the US of KKK A (thats from Obama's Reverend Wright) would be able to pull off such a feat.
Brainwashed people will get what they deserve. Enjoy it, probably the last term Dem's will control in a very long time.
George Bush Made Mistakes - Worst Ever?
In case you haven't put the pieces together yet, I am a Republican. However, I am not a complete partisan kool-aid drinker like some.
George Bush came to office as a fiscal conservative, won a mandate, had the highest approval rating a president has had in a long time post 9-11, and somehow stole defeat from the jaws of victory.
One of Bush's biggest strengths - his willingness to make controversial decisions and not waver despite criticism - turned into a liability, but not because he was wrong. Bush lost his edge when he failed at the important task of communicating and inspiring. He gave back his mandate with his secretive measures, an unwillingness to pretend he cared what others were saying, and generally because he failed to inspire. I believe the latter point was mainly because Bush took his mandate too far and forgot that he was elected as a fiscal conservative to carry on the Newt Gingrich budget balancing mantra that helped the Republicans regain their Reaganesque reputation in the 1996-2000 sessions.
Tax cuts can't be married with spending increases, and this was a terrible short-coming of a plan that, on its surface, had the potential to carry the economic prosperity of the 80's and 90's into the 2000's, and firmly change the tax and spend politics that dominated the 60's-80's.
The whole point of tax cuts is to limit the size of government, and Bush missed that side of the equation and as a result critics of supply side economics will spend the next 10-years using Bush as an example as to why. What Bush did was open TRUE FISCAL CONSERVATIVES up to unfair criticism. Bush was a Democrat in drag when it came to fiscal matters.
History will tell the story about Bush's legacy. Was Bush smart for invading Iraq and putting the world on notice that no one will step on our soil and live to tell about it? Clinton held a lot of hand shaking events on the Great Lawn, but failed to respond to attacks on embassies, the USS Cole, and decided not to take a deal in 1996 to take possession of Osama Bin Laden. There hasn't been an attack on American soil since 2001.
George Bush came to office as a fiscal conservative, won a mandate, had the highest approval rating a president has had in a long time post 9-11, and somehow stole defeat from the jaws of victory.
One of Bush's biggest strengths - his willingness to make controversial decisions and not waver despite criticism - turned into a liability, but not because he was wrong. Bush lost his edge when he failed at the important task of communicating and inspiring. He gave back his mandate with his secretive measures, an unwillingness to pretend he cared what others were saying, and generally because he failed to inspire. I believe the latter point was mainly because Bush took his mandate too far and forgot that he was elected as a fiscal conservative to carry on the Newt Gingrich budget balancing mantra that helped the Republicans regain their Reaganesque reputation in the 1996-2000 sessions.
Tax cuts can't be married with spending increases, and this was a terrible short-coming of a plan that, on its surface, had the potential to carry the economic prosperity of the 80's and 90's into the 2000's, and firmly change the tax and spend politics that dominated the 60's-80's.
The whole point of tax cuts is to limit the size of government, and Bush missed that side of the equation and as a result critics of supply side economics will spend the next 10-years using Bush as an example as to why. What Bush did was open TRUE FISCAL CONSERVATIVES up to unfair criticism. Bush was a Democrat in drag when it came to fiscal matters.
History will tell the story about Bush's legacy. Was Bush smart for invading Iraq and putting the world on notice that no one will step on our soil and live to tell about it? Clinton held a lot of hand shaking events on the Great Lawn, but failed to respond to attacks on embassies, the USS Cole, and decided not to take a deal in 1996 to take possession of Osama Bin Laden. There hasn't been an attack on American soil since 2001.
Ode to George W. Bush
Good bye George, it will be great to see you go.
You fucked our Nation, you fucking blow.
You never caught OBL, nor found the WMD’s
Our economy crashed and in your pants you pee’d.
You shrank from the limelight when things got tough
Your mental deficiencies made it real rough
I am so fucking glad to see you go.
You’re the worst fucking President ever—YOU FUCKING BLOW!--Or will Obama be the worst????????
Monday, November 3, 2008
The IRATE ITALIAN speaks!!--to all you OBAMORONS
Good morning sports fans! An irate reader sent in this post, despite his refusal to sign up to post comments. I thought it interesting enough to post:
As the election nears we continue see people willing to turn a blind eye to the most troubling associations and lack of experience that a Presidential candidate has ever had in our history. For Some reason ABC, NBC,CBS and many well known newspapers dont enlighten people about associations of William Ayers , Rev Wright, Father Pfleger, Raul Odinga, Tony Rezko, Acorn, Saul Alinksy, Frank Marshall Davis, and Rashid Khalidi. Up until this year, these associations would of got you jail time let alone the Highest office in the land. After admitted Drug and drinking binges to " find his Blackness" by Obama and still half of the country doesnt care. Obama makes Bill Clinton look like a Sunday school teacher when it comes to inhaling or not inhaling. If a Replubican ever had these associations and lack of experience he would be hung by his toe nails in middle of the Capital Building and beaten by Granola bars. Why is it that there isnt more outrage by the Mainstream Media for the illegal activities Ohio regarding Joe Plumber? This guy asks a simple question about Obamas socialistic tendencies and his life gets turned up side down by main stream media outlets and by Obama supporters in the State of OHIO. Where is Al Sharpton when you need him? and other example of things to come under the Obama Dictatorship is the cutting off of News Outlets that ask them tough questions about Obamas own words. This is serious shit people and i am not sure why people want more BIG govt in there lives with a Democrat Liberal Supermajority. Fairness Doctrine ? I am remember my parents telling me since i was young ..Life isnt fair get used to it!! Now we have a country of people that want handouts from the Govt because they think they deserve it. (ROB PETER TO PAY PAUL, YOU WILL ALWAYS HAVE A FRIEND IN PAUL) Why is ok to Spread someone elses WEALTH to someone the GOVT deems worthy. I am not sure about you but every other Friday i get almost 50% taken out of my paycheck. WTF does that pay for ? should i paymore for a road you drive on more than me ? or should i pay more schools that my kids dont use if i want to send them Private school. Maybe i should get a rebate ? Its only fair right Obama? The top 10% of the country pays 70% of the Tax bill in this country and the bottom 50% pays 2.9 % ..Is that fair ? under Obama 95% Tax rebate plan those people in the 50% will get a welfare check. I am all for compassion for the poor but when i see poor people in this country have cell phones and drive more expensive cars than most of us. I lose compassion quickly. I truly cant believe people have become so Blind because they dont like Bush and blame him for the economic crisis. Do some digging on the economic crisis. You will find Democrats in congress blocking regulation against Fannie and Freddie. Fan and Fred were a major part of this crisis we are in now. Why are people so stupid to believe in "CHANGE" and " HOPE" is America really that bad that we need to CHANGE to a european style philoshpy.. the last time i checked we were the superpower in the world because of Capitalism and the free market. Germany and France have stagnate growth while America has growth leaps and bounds in over 200+ years of existence. McCain wants to reduce taxes for ALL.. raising taxes on anyone in this economy will be disatrous. (ebbs and flows people )(economic cycles)To all the people who think the last 8 years have been the worst 8 years ever just think about the Planes that hit the Towers and the Pentagon. Has any other president in recent history been in this situation? We were lead to believe WMDs from Russia , British and American intelligence were in IRAQ. After multiple attempts by the UN inspections teams to look for them, they were met by Saddam Hussein with guns(remember that guy). You have to be kidding me if you think they never had them. He had ample enough time to destroy or move them to Pakistan or other terrorist sympathizing countries. So we decide to finish what we started and not leaving IRAQ in ruins and people cry that we should come home. I am sorry, finish the job we started so we dont have to go back in 10 years when it really has WMDS in plain sight and my kids dont have to go back. a Quick Reminder.. Hussein committed genocide on 500k of his own people. in Afghanistan we defeat the Taliban which people forget also. Bin Laden is hiding in a cave some where but when we kill him unfortunately we still have Al Qeada .. Thats why we always have to stay on the offensive and not let him bring it home to the USA. Personal Safety and Economic Safety go hand in hand . to cut Miltary spending by 25% which is propsed under Obama will be a disaster.I have highlighted a few things not to vote for Obama and Vote McCain. There are too many negatives regarding Obama that i could write for 10 days and will prob lose my job. Obama is a smooth talking Lawyer and unfortunately alot of people are buying his SMOKE and Mirrors ...WAKE THE F UP PEOPLE.......IRATE ITALIAN
As the election nears we continue see people willing to turn a blind eye to the most troubling associations and lack of experience that a Presidential candidate has ever had in our history. For Some reason ABC, NBC,CBS and many well known newspapers dont enlighten people about associations of William Ayers , Rev Wright, Father Pfleger, Raul Odinga, Tony Rezko, Acorn, Saul Alinksy, Frank Marshall Davis, and Rashid Khalidi. Up until this year, these associations would of got you jail time let alone the Highest office in the land. After admitted Drug and drinking binges to " find his Blackness" by Obama and still half of the country doesnt care. Obama makes Bill Clinton look like a Sunday school teacher when it comes to inhaling or not inhaling. If a Replubican ever had these associations and lack of experience he would be hung by his toe nails in middle of the Capital Building and beaten by Granola bars. Why is it that there isnt more outrage by the Mainstream Media for the illegal activities Ohio regarding Joe Plumber? This guy asks a simple question about Obamas socialistic tendencies and his life gets turned up side down by main stream media outlets and by Obama supporters in the State of OHIO. Where is Al Sharpton when you need him? and other example of things to come under the Obama Dictatorship is the cutting off of News Outlets that ask them tough questions about Obamas own words. This is serious shit people and i am not sure why people want more BIG govt in there lives with a Democrat Liberal Supermajority. Fairness Doctrine ? I am remember my parents telling me since i was young ..Life isnt fair get used to it!! Now we have a country of people that want handouts from the Govt because they think they deserve it. (ROB PETER TO PAY PAUL, YOU WILL ALWAYS HAVE A FRIEND IN PAUL) Why is ok to Spread someone elses WEALTH to someone the GOVT deems worthy. I am not sure about you but every other Friday i get almost 50% taken out of my paycheck. WTF does that pay for ? should i paymore for a road you drive on more than me ? or should i pay more schools that my kids dont use if i want to send them Private school. Maybe i should get a rebate ? Its only fair right Obama? The top 10% of the country pays 70% of the Tax bill in this country and the bottom 50% pays 2.9 % ..Is that fair ? under Obama 95% Tax rebate plan those people in the 50% will get a welfare check. I am all for compassion for the poor but when i see poor people in this country have cell phones and drive more expensive cars than most of us. I lose compassion quickly. I truly cant believe people have become so Blind because they dont like Bush and blame him for the economic crisis. Do some digging on the economic crisis. You will find Democrats in congress blocking regulation against Fannie and Freddie. Fan and Fred were a major part of this crisis we are in now. Why are people so stupid to believe in "CHANGE" and " HOPE" is America really that bad that we need to CHANGE to a european style philoshpy.. the last time i checked we were the superpower in the world because of Capitalism and the free market. Germany and France have stagnate growth while America has growth leaps and bounds in over 200+ years of existence. McCain wants to reduce taxes for ALL.. raising taxes on anyone in this economy will be disatrous. (ebbs and flows people )(economic cycles)To all the people who think the last 8 years have been the worst 8 years ever just think about the Planes that hit the Towers and the Pentagon. Has any other president in recent history been in this situation? We were lead to believe WMDs from Russia , British and American intelligence were in IRAQ. After multiple attempts by the UN inspections teams to look for them, they were met by Saddam Hussein with guns(remember that guy). You have to be kidding me if you think they never had them. He had ample enough time to destroy or move them to Pakistan or other terrorist sympathizing countries. So we decide to finish what we started and not leaving IRAQ in ruins and people cry that we should come home. I am sorry, finish the job we started so we dont have to go back in 10 years when it really has WMDS in plain sight and my kids dont have to go back. a Quick Reminder.. Hussein committed genocide on 500k of his own people. in Afghanistan we defeat the Taliban which people forget also. Bin Laden is hiding in a cave some where but when we kill him unfortunately we still have Al Qeada .. Thats why we always have to stay on the offensive and not let him bring it home to the USA. Personal Safety and Economic Safety go hand in hand . to cut Miltary spending by 25% which is propsed under Obama will be a disaster.I have highlighted a few things not to vote for Obama and Vote McCain. There are too many negatives regarding Obama that i could write for 10 days and will prob lose my job. Obama is a smooth talking Lawyer and unfortunately alot of people are buying his SMOKE and Mirrors ...WAKE THE F UP PEOPLE.......IRATE ITALIAN
No Time to Blindly Buy Stocks
I noticed a famous market pundit who may or may not have their own show on CNBC in addition to writing for a public media company say its "time to buy the dips?" What dips? The dips we got over the past two weeks when said pundit was saying that if you need money in the next 5-years move to cash? The dip's that occurred while said pundit was calling for a much lower than 8K Dow?
Why we rallied:
-- mark-ups
-- expiration
-- end of liquidations
-- Libor/10yr yield
-- Last week's TARP spend
-- China loosening monetary base
Why I think we stall and retest:
-- dearth of news flow coming
-- post election malaise
-- end of mark-ups
-- dismal 4Q coming
-- energy prices rebounding
-- sudden willingness to buy exposes the lowest common denominators
-- all of the recent performance was a last hour phenomena, not indicative of healthy sustainable buying, but marking up, short-desks cleaning up margin by 3PM EST
What could happen differently?
Now that 3Q reporting is winding down, buybacks can begin in earnest with quiet periods ending.
Would rather sell the strength than buy the dip at 9K, and will say the opposite again at 8K. See ya there.
Why we rallied:
-- mark-ups
-- expiration
-- end of liquidations
-- Libor/10yr yield
-- Last week's TARP spend
-- China loosening monetary base
Why I think we stall and retest:
-- dearth of news flow coming
-- post election malaise
-- end of mark-ups
-- dismal 4Q coming
-- energy prices rebounding
-- sudden willingness to buy exposes the lowest common denominators
-- all of the recent performance was a last hour phenomena, not indicative of healthy sustainable buying, but marking up, short-desks cleaning up margin by 3PM EST
What could happen differently?
Now that 3Q reporting is winding down, buybacks can begin in earnest with quiet periods ending.
Would rather sell the strength than buy the dip at 9K, and will say the opposite again at 8K. See ya there.
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