2 Comments

UPWARD BIAS AND GUM CHEWING PREZ OFFENDS

November 8. 2014.  Go to “Core Portfolio” for current holdings.  Hit the “Follow” button to get updates. 

My suggestion is to stay fully invested in the Core Portfolio positions.

The highest probability is an upward trend for at least the next few months.  We may get a short-term pullback forming a double bottom in the charts but that should not be a concern.  In fact it could present us with a buying opportunity.

Interest rates are expected to stay low for a long time, possibly years…..supporting the markets  And altho the Fed has stopped their “QE” program, the big banks have stepped in and are now buying the Treasuries–in essence continuing QE and supporting the markets.  This administration is going to do anything possible to keep the market going up for the next two years.

Bottom line:  Do not buy any stocks right now.  I suggest waiting for a potential pullback  But I am always looking for good quality individual corporate bonds, baby bonds and exchange traded debt.  We have added several in the past month.

The market is rigged to go up long term….which is a GOOD thing for us!  Be Happy!

I mentioned that I sold some of the PSEC position and the remaining will be sold.  The MLP and oil market has been hit but you should continue holding.

__________

Keeps getting worse and worse, Obammer in China:

Obama emerged from his car chewing gum; he’s a well-known user of Nicorette, the smoking-cessation gum. But Chinese Internet users, accustomed to the highly formal standards of their stiff party leadership, quickly characterized the leader of the world’s most powerful nation as an impolite “idler,” or careless “rapper.”

Politico.com

Whereas the Democrats look for all the world like they are preparing to nominate by universal acclamation a 67-year old grandmother who has been a major fixture in national politics for more than 30 years.

Here is a link to an excellent free market review:

https://www.arlington-capital.com/Blog/tabid/183/EntryId/155/PAAS-Weekly-Update-Video-for-2014-11-07-posted.aspx

__________

Book Recommendation:  Stonewalled.  Sharyl Attkisson.  This reporter has been in the news talking about how her home computers have been hacked…we assume it is the government.  Stonewalled is yet another book about government corruption and the liberal bias in the major networks.  Most Americans have absolutely no clue about news media manipulation and really don’t seem to care.  The author even asserts that Wikipedia has been corrupted.  The recent elections seem to indicate that more and more people are finally starting to get concerned about our big and corrupt government.

Movies:  Interstellar.  Boring and way way way too long.  Avoid. The Rolling Stone Review says Interstellar is “enthralling.”  GIVE ME A BREAK.  This is crap.

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2 comments on “UPWARD BIAS AND GUM CHEWING PREZ OFFENDS

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