January 8, 2015
To View Current Positions Go To Core Portfolio(Update:
(Update Jan 13: We continue riding the roller coaster. The earnings season is not starting well. And the momentum is Down which means we may see lower prices on our stock positions. There are investments that I would like to buy but we might be able to getter lower prices. Just sit tight and watch for now. We have numerous corporate bonds and minibonds which provide a stream of dividends. I would certainly not be selling anything. The single gold position is trending up and if you want to take the risk GGN is a buy. But the oils are bad news and eventually they will starting heading up.)
According to a Military Times survey of almost 2,300 active-duty service members, Obama’s popularity — never high to begin with — has crumbled, falling from 35 percent in 2009 to just 15 percent this year, while his disapproval ratings have increased to 55 percent from 40 percent over that time.
(CNSNews.com) – The number of beneficiaries on the Supplemental Nutrition Assistance Program (SNAP)—AKA food stamps–has topped 46,000,000 for 38th straight month, according to data released by the Department of Agriculture (USDA).
In October 2014, the latest month reported, there were 46,674,364 Americans on food stamps. Food stamp recipients have exceeded 46 million since September 2011.
The wild roller coaster ride in the financial markets is making me dizzy. Volatility is usually not a good sign and typically indicates trouble. The markets are in turmoil and the ‘big boys’ are undecided about how to invest.
In addition, bond yields are dropping like a rock, which also indicates that the economy may be in trouble. But, you say, that’s not what Obammer and CNBC is telling us………..they think everything is great.
You can make up your own mind…… I am staying fully invested and looking at additional purchases that have been outlined in prior posts.
Yes this market is being propped up. Someday it will blow up. I have talked about this issue on numerous occasions. But interest rates are low and will remain low which will support the markets. Companies are buying there own shares, which is a positive. And the QE is officially ended BUT the banks and foreign countries are now buying our bonds which is another positive. Don’t sell right now. Having said that, things change quickly and I will get the hell out of Dodge if it looks like this thing is collapsing. (As I write this the DOW is up over 200.)
BOOKS The Stranger by Chuck Todd. This is a plodding, slow moving, boring recap of the Obama years. Wow this thing will put you to sleep. There is absolutely no excitement or enthusiasm in the writing. It feels like the author simply transcribed his daily notes into a book. Avoid this dud.
You just can’t make up this stuff. Hilarious:
President Obama officially kicks off his pre-State of the Union Address tour today with travels to Michigan and Phoenix to tout what the administration calls an economic recovery.
While in Michigan, Obama will visit a Ford hybrid car plant and will give a speech about the resurgence of the American auto-worker. There’s just one problem, it’s shuttered. More from the Detroit News:
The White House confirmed Monday that President Barack Obama will visit Ford Motor Co.’s Michigan Assembly plant on Wednesday — a factory that is closed this week because of lagging demand for its small gasoline-powered and hybrid cars.
The visit — Obama’s ninth to a U.S. auto factory since taking office and 14th trip to Michigan — is expected to herald the dramatic turnaround of the U.S. auto industry. Automakers sold about 16.5 million vehicles in 2014 — the best annual sales performance since 2006 — as U.S. auto production topped 11 million for the first time since 2005.
The White House said Obama’s speech will highlight “the workers in the resurgent American automotive and manufacturing sector now that the auto rescue has been completed and the decision to save the auto industry and the over one million jobs that went with it.”
the Wayne factory that employs about 5,100 and makes the Focus gas-powered car and C-Max hybrid gasoline-electric car is shuttered this week because of falling demand caused in part by plummeting fuel prices. Autoworkers on temporary layoff get most of their pay.
Out of all the auto plants in Michigan team Obama could have chosen for the speech, the President will be speaking at one that is closed. I talked about this yesterday with Fox News’ Neil Cavuto.