I found this to be quite interesting… I did not watch it all. Tell what you think, please.
Via Liberty News Network:
Not sure if I agree or not. On one hand, I see his point and on one hand, I don’t.
Category: Conservative
Andrew Sullivan says something intelligent for a change.
I cannot say that I disagree with this:
There is no maturity here; no self-reflection; no capacity even to think how to appeal to the half of Americans who are already so appalled by her trashy behavior and cheap publicity stunts. There is a meanness, a disrespect, a vicious partisanship that, if allowed to gain more power, would split this country more deeply and more rancorously than at any time in recent years. And that’s saying something.
via Why America Won’t Buy Palinism – The Daily Dish | By Andrew Sullivan.
I also give Sully credit for not swiping her on that silly screw up with the Korea’s. That was petty and stupid.
Having said that —- Let’s not even talk her appearing with that mentally depraved Feminist Nazi Geraldine Ferraro and acting like she was some sort of hero of hers. She did everything but go down on her, on live TV. Hmph, some Conservative. 🙄
Plain and simple, Sarah Palin is a damned liberal in a Conservative skin, who thinks she is entitled to be President —– because she is a woman. Reagan is a damned skirt; please don’t make me barf. She’s nothing more than a attention whoring twat, with foul mouthed and slutty daughters. She is not fit to be Mayor of Utah, much less President of the United States. The quicker she disappears from the public scene, the better.
I wonder, are the Palin daughters and fan boys going to some swear at me too? 🙄
Video: Max Keiser’s Call: Crash JP Morgan Buy Silver
This comes via GoldSilver.com:
Quote:
Mike Maloney was recently in Europe working on his next top-secret project. While passing through France, Mike got the chance to visit with the one and only Max Keiser.
Intelligent, witty, and never bashful, Max Keiser is pure financial entertainment. With over 25 years of experience with markets and finance, Max often draws from first hand experiences when providing his listeners explicit insights on how the financial markets truly operate.
He has been described as a film producer, a journalist, and as JP Morgan and friends are now finding out, an activist investor with powerful ideas on how the masses can help themselves in taking their financial power back.
The Video:
The time in invest in gold and silver is now! Click here to find out how!
Video: Trent Lott Vindicated
I am posting this, because I believe that it is the just thing to do.
On Dec 5, 2002, Trent Lott found himself in a big mess. Largely goaded by the liberal media; that falsely accused Trent Lott of being a racist, Trent Lott resigned his leadership position in the Senate.
The really sad pert is, he was not only railroaded by Liberals, but also by Neo-Conservatives, who have always hated Paleo-Conservatives with a passion.
Here is that entire appearance at Strom Thurmond‘s 100’th Birthday Celebration:
How sad that a man’s career was damaged, for simply making a silly and bad joke, that in the end bombed.
Funny now, that the Democrats are showing their hypocrisy in this area — Just ask John Lewis.
Happy Thanksgiving 2010!
Greetings to all the readers of Political Byline. However many there are of you left. 😉
I just wanted to wish everyone that happens to read this blog a very Happy Thanksgiving. 😀
It has, for many, including me, a very rough year. 🙁
The best advice I can give you, is to be grateful for what you do have. 🙂
Believe me, when I tell you this, we all could be much worse off. We still are a free Republic. We are in a dark time, but I still in believe in this Country of ours. We have weathered many a dark storm and we have come through; a little broken and bruised — but we have always managed to find our way back to the right path. I do believe that is what will happen this time as well.
Because while money and fortune are nice; there is nothing like family. I think it would be entirely appropriate to remember that there are some out there, that have no family, and will be spending the holiday alone. Keep those people in your prayers.
I also would to mention that we should all keep in our prayers, the many, many, many men and women serving in our Armed Forces around the World, who will not be home for Thanksgiving this year. They deserve our best, and all of our prayers. May they come home soon and may God protect them during their tour of duty.
Last year, I gave a list of things that I am thankful for. I still feel that way. 🙂 Even more so this year. The Lord has blessed more than I can ever repay. Those are not just hollow words — those are the truth feelings of a man, who has been blessed beyond measure.
I leave you all with the words of President Ronald Reagan:
May you all be truly, truly blessed this Thanksgiving Holiday. 😀
In closing, I leave you with the TRUE message of Thanksgiving. Please, click here to read it.
Stock Advice: S&P 500, Treasuries, Gold, & Dollar are At Key Price Levels
A new article by a new author:
Thursday was another example of Mr. Market playing games with traders and investors as equities and precious metals took part in a strong rally. Some market prognosticators noted short-term oversold conditions across the board while others discussed the potential for a strong reversal that could potentially take out recent highs. In addition to the regular banter, to the average retail investor the market sure looks rigged when the government decides to sell a large stake in a massive IPO offering and a shaky tape suddenly becomes stronger than garlic.
There is a lot going on in the news as of late, and the expiration of the Bush tax cuts looms large on the minds of many, particularly small business owners. So the real question becomes, what should traders be watching or paying attention to before the light volume Thanksgiving week? The answer is simple, watch the tape! The market will provide plenty of clues and it will eventually tip its hand, experienced traders will wait for this process to unfold.
At this point in time, it is a bit early to begin making predictions as to which direction the equities market will go. What we do know is that the market was oversold in the short-term, so this could be a pause before prices turn lower. In contrast, this could be the beginning of another bullish move breaking recent highs on its way to a “Santa Claus” rally. My stance is neutral at this point in time; S&P 1200 should offer significant overhead resistance while S&P 1170 / 50 period moving average is near term support. The chart listed below illustrates these key levels:
S&P 500
If price were to break out above S&P 1200 on strong volume, it is likely that we will see a retest of the recent highs around the 1220 area. Consequently, if price tests the S&P 1170 area and fails price will likely be magnetized to the 1140-1150 area. We will have our answers in due time, but until a definite direction is known, patience is warranted.
Treasuries
As discussed in my previous article, the ProShares Ultra Short 20+ year treasury ETF (TBT) bounced off of the 36 level and put on a short lived rally only to settle toward the bottom 1/3 of its recent price range. After the recent breakout, it would be constructive to see TBT consolidate before confirming a direction. The chart below shows the key levels on TBT:
U.S. Dollar
Instead of illustrating a gold chart, let us focus our attention on the U.S. Dollar Index. The chart below shows the dollar has pulled back and is now testing the 50 period moving average. I am anticipating a retest of the recent breakout over double tops and this key level is illustrated below. If support holds firm, higher prices for the U.S. Dollar in the near term will be likely.
The Contrarian Trade
Thursday’s price action in the S&P 500 offers a great example of the power of options, which are traditionally overlooked by most equity traders or investors. While I did not personally enter this trade, I did enter a short position with tight stops around the S&P 1197 level using futures contracts for a short term trade. I was looking for a short term decline which we subsequently received in the aftermarket and my limit orders were triggered.
The option trade that I discussed with one of my trading buddies and mentor, involved getting short Apple (AAPL) when its price was around $309.50/share. While I did not place this trade as I felt I had plenty of short side exposure via my e-mini futures position, the trade would have worked quite well. So the trade listed below is not a recommendation, but an illustration of how options can be a contrarian traders’ best friend.
AAPL has been trading in the $300 – $320 per share range for several weeks having broken out above $320 only to be smacked down into the range. During the recent selloff, AAPL crossed down through the $300 level only to encounter strong buying that pushed it above the key $300 area by the close of trade that day. Thursday’s rally had AAPL trading above $309.50/share and the 20 period moving average was right around the 310 level as can be seen from the chart below.
The 20 period moving average provides an adept option trader with a key level which he/she can define the risk of a short position using options. Through the utilization of a contingent stop based on AAPL’s stock price, a trader using this setup could place a stop around the $311.25 area to define their ultimate risk. As of Thursday, the AAPL weekly options that expire November 26 began trading.
The trade listed below is a put debit spread:
Buy 1 AAPL Nov. 26 310 Weekly Put – $5.00 / contract based on Thursday’s close
Sell 1 AAPL Nov. 26 300 Weekly Put – $1.47 / contract based on Thursday’s close
AAPL stock closed around $308.43 / Share
The profitability chart reflecting this trade is below:
The maximum risk this trade has per leg was around $350, however through the use of the contingent stop around $311.25, the risk per leg is around $150. The maximum gain would be $650 per leg if at expiration in one week AAPL was trading below $300/share. In the first hour of trading, AAPL sold off below $306 per share. If an option trader had more than one contract on, he/she could take partial profits and place a stop at the entry price insuring a winning trade and allowing room for the trade to run.
Obviously the trader may want to adjust his/her stop based on market conditions, but this is simply an example of what can be accomplished with options. Once the trader understands how to determine the risk that an option trade assumes, he/she can build trade constructions to fit nearly any trading style or strategy. For a contrarian trader, options offer an unbelievable opportunity to mitigate risk and maximize profits. Learning how to trade options does take time and effort, but the potential returns options offer when they are used appropriately are unparalleled.
Get more great articles like this, by going here.
Disclosure: Clicking on this link and signing up for the service results in a small compensation to yours truly at not additional cost to the consumer
President George W. Bush on Jay Leno
Here’s the entire show. Enjoy:
MarketWatch engages in Federal Reserve propaganda
This is pretty sad considering who owns the website:
Then there is this:
Gold has become highly prized bling, as anxious and astute buyers alike, from hedge-fund players to central bankers, flock to the “currency of fear.” Gold at around $1,400 an ounce is almost double what it commanded two years ago, and gold’s price is up almost 25% so far this year alone.
It’s been a great ride. Except gold is a bad investment.
Gold’s feverish run has made a lot of people a lot of money, and though the rally has taken a breather in the last few days, there’s no shortage of flag-waving supporters who claim gold is on a march to $1,600, $1,800, $2,000 and beyond. After all, gold is still well below its 1980 peak, when it was worth around $2,300 an ounce in today’s dollars.
….and this:
“Mercury poisoning,” is the answer from Barry Ritholtz, the very outspoken CEO and director of equity research at Fusion IQ, when asked where Zoellick’s idea might have come from.
Zoellick, also a former Treasury official in the Reagan administration and managing director at Goldman Sachs, made his suggestion in an op-ed in the Financial Times last Sunday, just days ahead of the Group of 20 major countries meeting in Seoul.
The suggestion was made to world leaders in order to address “global imbalances,” the diplomatic expression being used to refer to the impact of China’s vastly undervalued renminbi on other countries’ competitiveness.
All of the above is pure garbage. Gold is a hedge against inflation and the dollar. Do not listen to the Statists who want to seize all of the gold and give you a worthless dollar.
By the way, here is some SOUND investment advice pertaining to Gold:
There have been some major trend changes recently and it looks as though more investments are about to follow. The real question though is… Are You Ready To Take Advantage Of It?
It has been an exciting ride to say the least with the equities and metals bull market and the plummeting dollar. But it looks as though their time is up, or at least for a few weeks. Traders and investors will slowly pull money off the table to lock in gains or cut losses and re-evaluate the overall market condition before stepping back up to the plate and taking another swing.
Below are a few charts showing some possible money making trade ideas in the weeks ahead.
TBT 20+ Treasury Note Inverse Fund
This fund moves inverse to the price of the 20yr T.N’s also known as bonds. Looking at the chart you can see the recent reversal which took place. We had a great entry point shortly after this reversal took place using my low risk setup strategy.
Falling bond prices are considered to have a negative impact on equities because it implies that interest rates may start rising which means more investors will pull money out of stocks and put that money into a safe interest earning investment. You will typically see bonds change direction before equities. That being said the chart below is an inverse fund, so when this bond fund goes up, it means actually indicates bond yields are falling. I will admit these inverse funds really throw my brain for a loop at time… I prefer the good old days, buying long and selling short… so simple and clean… —- Read the rest Here
I ask you, go read the rest of that; listen to people, like the man at this link, who want to see you make and keep your money. Not force you to trust in an unsound money system, like the United States Dollar. If you are not interested in FTS’s and would to buy actual Gold, then try this link here.
In fact, here is a video that explain why you should own Gold and Silver:
Is it not just good common sense to have a backup plan? Do not delay, invest in Gold and Silver today.
Please Note: In the interest of full disclosure — There are links in this blog posted that if click on and product bought or signed up for, will result in the compensation of myself. This will come with no price increase to the customer at all. Think of it, as an easy way to support this blog and yours truly.
This is what happens when Sarah Palin endorses a candidate: Joe Miller LOSES!
This is what happens when a train wreck, reality television star gets involved in politics and endorses political candidates; they lose:
JUNEAU, Alaska (AP) – Sen. Lisa Murkowski has become the first Senate candidate in more than 50 years to win a write-in campaign.
Murkowski emerged victorious after a painstaking, two-week count of write-in ballots showed she has overtaken over tea party rival Joe Miller.
Her victory became clear when Alaska election officials confirmed they had only about 700 votes left to count, putting Murkowski in safe territory to win re-election.
Murkowski has a lead of about 10,000 votes, a total that includes 8,153 ballots in which Miller observers challenged over things like misspellings, extra words or legibility issues.
Murkowski is flying back to Alaska to address supporters, telling them that the campaign “made history.”
Miller surprised Murkowski in the GOP primary, prompting the incumbent to run as a write-in.
I felt good about Joe Miller, until Sarah Palin got involved, then I knew it would never happen, he would not get elected. This is what happens when Palin gets involved, people lose and lose badly. It is what happened when O’Donnell ran and it is now happening with Joe Miller. The truth is, Sarah Palin has zero business endorsing anyone at all. I just wonder, will her kids come to my blog and start swearing at me, like they did over on facebook, when someone started telling the truth about Sarah Palin and her idiotic show? It is to wonder.
The truth is Sarah Palin has never succeeded at anything; including being Governor of Alaska. This little failure here, is just more living proof of that. The Republican party should take notice of that and let this little incident here, be one of many pieces of evidence that Sarah Palin is not fit to the President of the PTA in Wasilla, Alaska; much less the President of the United States. If Sarah Palin wants to do anything to impress me, or anyone else in this movement that we call the Tea Party, she needs to pack up her little tampon box of silly ideas and go back to Alaska and try being a Mother to her children and a Wife to her Husband. That is if she even has any of that left at all.
We need leadership in Washington D.C. — not some shrieking harpy psycho, who is all for having a Christian version of Sharia law in this Country. Count me as one of the many American Paleo-Conservatives, who have taken a great pleasure in seeing one of psycho Sarah Palin’s endorsements doing a very righteous face plant. It could not have happened to better person and may this be the first of many more for this idiotic woman.
Sarah Palin can forget about ever being President, her kids are out of control
Damn……Just….Damn.…:
During the premiere of “Sarah Palin’s Alaska” Sunday night — a boy named Tre who went to school with the Palin kids wrote a status update that read, “Sarah Palin’s Alaska, is failing so hard right now.”
The comment sparked an intense response from Willow — who replied on the boy’s wall, “Haha your so gay. I have no idea who you are, But what I’ve seen pictures of, your disgusting … My sister had a kid and is still hot.”
Willow followed up that comment with another that read, “Tre stfu. Your such a f**got.”
Bristol Palin also got in on the smacktalk — writing a message to Tre saying, “You’re running your mouth just to talk sh*t.”
Eventually, a message board war erupted — and Bristol took aim at another person named Jon — saying, “You’ll be as successful as my baby daddy, And actually I do work my ass off. I’ve been a single mom for the last two years.”
After more users began to gang up on the Palins, Willow dropped another message that read, “Sorry that you guys are all jealous of my families success and you guys aren’t goin to go anywhere with your lives.”
via Sarah Palin’s Daughter Willow Palin Uses Homophobic Slurs | TMZ.com.
TMZ has a poll for Sarah Palin’s child rearing skills; I gave her an F and I suggest you do the same. Read the messages here. Needless to say the Gay community is not happy about it. Click here and here to read. I can see where the gay community would not like this. Sarah Palin had better do some damage control or she will pay for this in 2012.
Living proof that John McCain is a typical warmongering Neo-Conservative
This also explains why I did not vote for him and that moronic bimbo Sarah Palin:
Sen. John McCain (R-Ariz.), the ranking member of the Senate Armed Services Committee, expressed concern Monday that some new Republican legislators would be defined by their “protectionism and isolationism,” two views that the Vietnam war veteran feared would result in a butting of heads within the party on Afghanistan and defense spending.
“I think there are going to be some tensions within our party,” McCain said during a conference put on by Foreign Policy Initiative, a DC-based think tank. “I worry a lot about the rise of protectionism and isolationism in the Republican Party.”
A prime example, McCain continued, was Rand Paul, Kentucky’s next U.S. Senator.
“I admire his victory, but … already he has talked about withdrawals [and] cuts in defense,” McCain said.
Indeed, Paul appears to have taken after the more libertarian side of foreign policy issues, much like his father, Texas Rep. Rand Paul (R).
via John McCain Attacks Rand Paul’s ‘Isolationism’ In Willingness To Cut Defense Spending.
They mean Ron Paul. I’ve cracked up watching the media calling Rand, Ron and Ron, Rand. It is quite funny. To review! Ron Paul is from Texas, and Rand Paul is from Kentucky.
The serious point to be made here is that John McCain is trying to follow the foreign policy path that was started by President George W. Bush. That foreign policy, which was Wilsonian in nature, proved to be disastrous for the Republican Party and caused them to lose the 2008 election. The Republican Party, under chairman Steele, has been trying to remake the image of the Republican Party being the party of warmongers. As a Conservative, I believe that protecting and defending the Republic of the United States of America is paramount. However, I believe that forcing our style of Democracy on nations that do not necessarily want it; at the cost of our treasure, that being our Military; is a tragic mistake. This is what happened in Iraq and that will always be a black mark on our record throughout the World.
Someone needs to get the memo to John McCain that the Republican Party has moved on from the Bush era and that the Conservative grassroots has pretty moved on from the Bush era.
Let me also say this; I will avoid taking a swipe at Israel, as I believe that they do have right to exist. However, We Paleo-Conservatives understand why McCain feels like he does. McCain comes from that old Wilsonian school of thought — Protect Israel at any cost. We can see what that idiotic stance has gotten us in the past eight years, can we not? Again, someone needs to get that Memo to McCain; that the Conservative grassroots, being challenged by the Tea Party movement, has moved on from that stance and has totally rethought that whole idea. The idea of going to war now, to appease that Country is not popular any longer, among anyone — and that my friends, is a good thing.
Others: Hit & Run, Raw Story, Outside the Beltway, DoD Buzz and Talk Radio News Service
Quote of the Day
“These men are NOT incompetent or stupid. If they were merely stupid, they would occasionally make a mistake in our favor.” That comment was made by James Forrestal concerning International Communism being promoted by our politicians in the early 1950’s. It isn’t being politically correct to refer to SOCIALISM as COMMUNISM, however, according to the Communist Manifesto the United States has already become a communist nation. If you have your little pocket size “CITIZENS RULE BOOK,” look on page 8, at the SUMMARY OF THE COMMUNIST MANIFESTO, which states “The Communist Manifesto represents a misguided philosophy, which teaches the citizens to give up their rights for the sake of the common good, but it always ends in a police state. This is called preventive justice. Control is the key concept.” In the September issue of NEWSWATCH Magazine titled “The Ten Planks That Are Destroying Our Country – COMMUNIST MANIFESTO.” The article warns us that Americans believe that Communism is dead, but Communism has just become more politically correct.
———————————–
The Church was composed of benefactors who did not exercise authority but provided all the social welfare of the people through the perfect law of liberty by faith, hope and charity. That took real faith and doing, forgiveness and giving, sacrifice and love. Being a Christian was not as easy as modern Christians would like to believe.
Instead the modern church sends people to eat at the tables of those socialist benefactors who exercise authority one over the other which makes the word of God to none effect. They were warned that those tables served deceitful meats,[34] that they were a snare[35] and a trap.[36]
The religion practiced today is done at the government temples which provide for the needy of modern society. Those administrators are the priests of the people’s true religion and their government is the new Pharisees of the Coercive Church established by men. Their schemes of social security are formed like those of Herod and the Pharisees and again make the word of God to none effect. What they do on Sunday is just to ease their own conscience or tickle their ears with false hopes so they may give heed to fables, and commandments of men, that turn from the truth.[37]
Christ meant His Church to set the table of the Lord through faith, hope and charity. To depend on the welfare of rulers was to again become entangled in the bondage of their world.[38] Christ came to open our eyes to the sin common in the history of men and to set us free if we will repent.[39]
As we see the unrighteous mammon failing,[40] it is time for the people and the ministers of their church to repent and seek the Kingdom of God and His righteousness so that they will be suitable for more righteous habitations.
—–
Please Note: I do not agree with all of the viewpoints presented in this video. Like the one that says A.D.H.D. is a myth. I’ve had A.D.H.D. for all my life. I know it is not a myth. However, there are some things in this video, that are not a myth and are legitimate viewpoints. As always around here. I post and report and you decide.
Video: Charlton Heston speaks about A Torch With No Flame
I believe every American should watch this video….at least once.
I believe it is the duty of all liberty and freedom loving Americans to join this wonderful organization, if you are able.
So, Please…:
Because some rights are just not negotiable.
Please note: This was an totally unsolicited post. The NRA does not have a damned clue, who I even am. I do not belong to the organization….yet. I do not make a dime off of your joining this wonderful and American organization. But I highly encourage you to join, because America needs people, like you I to stand up for what is rightly ours.
Bill O’Reilly interviews President George W. Bush
I have to give the man credit where it is due. Bill O’Reilly really gave Bush a good grilling here. Although, to his credit also, President Bush did stick to his guns.
Here part one and part two of the interview: (H/T Bill O’Reilly online)
Get the book:
Disclosure: I do make a little bit of money, if you order one of these books. You won’t pay any extra for it. It is capitalism, and I like capitalism, don’t you? 😉
Happy Veterans Day!
To all Military, active and otherwise! Thank you from the bottom of my heart for your service.
I never served a day in my life in the armed forces. They will not take me, I do not have a high school diploma. I have learning disabilities and I never did finish high school. Therefore I was ineligible. However, I am eternally grateful for anyone who served in the Military in any capacity.
Here are some videos from a pretty cool new site:
and this:
Also, I want to give credit, where credit is due…
You did well Google, thank you for honoring our Nation's best.
Again, let me be clear — I never served a day in my live, ever. However, I know from whence our freedoms doth come. They do not come from the Government; they come from the Lord God above and they are bought and paid for, by the blood of brave soldiers, who have fought and died in battlefields in our own Country of old and in battlefields abroad….. and for that, they have my deepest respect.
Stock, Oil and Gold trading advice: How long and how high for Gold, and how to play it
Regular readers of my articles on Gold over the past few years know that I have a theory on this Gold Bull market. In summary, it’s that we are in a 13 Fibonacci year uptrend that started in 2001, and now we are in the final 4 years of that uptrend. It is in this last 5 year window that I theorized started in August of 2009 that investors really get involved. As the crowd comes in, prices push higher and higher, and then more and more investors come in and so forth.
The very recent rally has pushed us up to about $1,420 per ounce, on the way to my projected $1480-$1520 pivot highs on this leg from the $1040 area in February of this year. Subscribers to my TMTF newsletter have learned about Elliott Wave Theory and how to properly apply it to benefit from both the ups and the downs in various parts of the markets, as well as commodities and precious metals. If I am correct, we are in the 3rd wave up of 5 total waves from the August 2009 $900 per ounce levels. The first leg went from $900 to $1225, the second leg was corrective to $1,040, and now this 3rd wave should complete at around 150% of the 1st wave’s amplitude. In English, the probabilities are for Gold to continue higher to about $1527 per ounce, possibly a tad higher if the typical Elliott Wave patterns take hold, and also assuming again that I am correct in my read of those patterns.
One of the better ways to play this next 4 years of upside with intervening corrections is to look at prospect generator companies. These are Gold, Silver, and Copper explorers that do the early field work in identifying prospects for drilling. They then farm out these projects to willing partners and retain equity stakes and /or percentiles of the project itself. This reduces their need for capital while retaining nice upside for shareholders, and diversifying. When you are a tad long in this current wave pattern’s tooth, this is way to stay onboard, but not go overboard. I have personal ownership positions in a few of these types of companies, and my subscribers are aware of the few that we really prefer. Should one of the projects not pan out, you are not placing your entire shareholder bet on one drill project, and yet if they hit on a few, the upside can be substantial. – Read the Rest
Stock Trading Advice: SPX’s Running Correction, Gold’s Setup, Oil Explodes!
The financial markets continue to climb the wall of worry on the back of more Fed Quantitative Easing. Those trying to pick a top in this choppy bull market may prove to be correct for a couple hours but over time the shorts continue to get clobbered.
Quantitative easing was enough to turn gold back up and gave oil just enough of a nudge to breakout of its cup and handle pattern explained later.
The past few weeks the number of emails I receive on a daily basis about what individuals should do about short positions they took on their own has growing quickly. Usually when my inbox starts to fill up with traders holding heavy losses trying to pick a top I know something big is about to happen and its not going to be in the favor of the herd (everyone shorting). In the past couple week there have been some great entry points for the broad market whether its to buy the SP500, Dow, NASDAQ or Russell 2K. I focus on trading with the trend and entering on extreme sentiment readings as shown in the chart below.
Extreme Trend Trading Analysis
Below are my main market sentiment indicators for helping to time short term tops and bottoms. That being said I don’t pick short term tops in hopes to profit on the down side. Rather I wait for a extreme sentiment bottom to be put in place, then enter long with the up trend (Buy Low).
Once there is a 1-2% surge in price and sentiment indicators are showing a short term top I like to pull a little money off the table to lock in some profits while still holding a core position (Sell High). This is exactly what I/subscribers have done over the last couple weeks. This is a simple yet highly effective strategy and works just as well in a down trend except I focus on shorting extreme sentiment bounces. Subscribers know what these indicators are as I cover them each week in my daily pre-market trading videos as we prepare for the day ahead. —- Read The Rest Here
Marco Rubio gives the Weekly GOP Address
(H/T to HotAir)
Transcript: (Via Andrew Malcolm)
Hi, I’m Marco Rubio.
With Election Day now behind us, it’s an honor to talk to you about the opportunity before us – an opportunity to put America back on track.
For too long, Washington has taken our country in the wrong direction, bigger government, reckless spending and run-away debt. And though I’m a proud Republican, here is the truth, both parties have been to blame.
This election the American people said enough is enough.That message was loud and clear. We Republicans would be mistaken if we misread these results as simply an embrace of the Republican Party. This Election is a second chance. A second chance for Republicans to be what we said we were going to be.
America is the single greatest nation on earth, a place without equal in the history of all mankind. A place built on free enterprise, where the employee can become the employer. Where small businesses are started every day in a spare bedroom and where someone like me, the son of a bartender and maid, can become a United States Senator.
I know about the unique exceptionalism of our country. Not because I read about it in a book, I’ve seen it through my own eyes. You see, I was raised in a community of exiles, by people who lost their country, people who once had dreams like we do today but had to come to a foreign shore to find them.
For some their dreams were answered here in America, but many others found a new dream. To leave their children with the kinds of opportunities they themselves never had. And that is what we must do as a nation. To fulfill our sacred obligation to leave the next generation of Americans a better America than the one we inherited. And that is what this election was about.
In the past two years, Republicans listened to the American people and what they said is that it was time for a course correction.
The past two years provided a frightening glimpse at what could become of our great nation if we continue down the current path: wasteful spending, a growing debt and a government reaching ever further into our lives, even into our health care decisions.
It is nothing short of a path to ruin, a path that threatens to diminish us as a nation and a people. One that makes America not exceptional, not unique, but more like the rest of the world.
As Republicans, here is what our commitment should be to you. Our focus must not be simply winning elections. It must be to ensure the next generation inherits a strong, free and prosperous America.
We will govern as public servants who understand that re-election is simply a byproduct of good public service and good ideas. And most importantly, we will stand up and offer an alternative to the policies coming out of Washington for the past two years.
The challenges are too great, too generational in scope for us to be merely opponents of bad policies. Instead, we will put forward bold ideas and have the courage to fight for them. This means preventing a massive tax increase scheduled to hit every American taxpayer at the end of the year. It means repealing and replacing the disastrous health care bill. It means simplifying our tax code, and tackling a debt that is pushing us to the brink of our own Greece-like day of reckoning.
For many of us coming to Washington for the first time and others returning to serve, it’s a long way from home. A long way from the people whose eyes we looked into at town halls, at diners or roundtables, and promised that this time it would be different. That if you elected Republicans to office again, we would not squander the chance you gave us, and we must not.
Because nothing less than the identity of our country and what kind of future we will leave our children is at stake. That is our commitment and from you we ask this. Hold us accountable to the ideas and principles we campaigned on.
This is our second chance to get this right. To make the right decisions and the tough calls and to leave our children what they deserve – the freest and most exceptional society in all of human history.
Thank you for listening, God bless you and your family, and may God continue to bless the United States of America.
Quote of the Day
Conservatives talked a lot about Ronald Reagan this year, but they have to take him more to heart, because his example here is a guide. All this seemed lost last week on Sarah Palin, who called him, on Fox, “an actor.” She was defending her form of political celebrity—reality show, “Dancing With the Stars,” etc. This is how she did it: “Wasn’t Ronald Reagan an actor? Wasn’t he in ‘Bedtime for Bonzo,’ Bozo, something? Ronald Reagan was an actor.”
Excuse me, but this was ignorant even for Mrs. Palin. Reagan people quietly flipped their lids, but I’ll voice their consternation to make a larger point. Ronald Reagan was an artist who willed himself into leadership as president of a major American labor union (Screen Actors Guild, seven terms, 1947-59.) He led that union successfully through major upheavals (the Hollywood communist wars, labor-management struggles); discovered and honed his ability to speak persuasively by talking to workers on the line at General Electric for eight years; was elected to and completed two full terms as governor of California; challenged and almost unseated an incumbent president of his own party; and went on to popularize modern conservative political philosophy without the help of a conservative infrastructure. Then he was elected president.
The point is not “He was a great man and you are a nincompoop,” though that is true. The point is that Reagan’s career is a guide, not only for the tea party but for all in politics. He brought his fully mature, fully seasoned self into politics with him. He wasn’t in search of a life when he ran for office, and he wasn’t in search of fame; he’d already lived a life, he was already well known, he’d accomplished things in the world.
Here is an old tradition badly in need of return: You have to earn your way into politics. You should go have a life, build a string of accomplishments, then enter public service. And you need actual talent: You have to be able to bring people in and along. You can’t just bully them, you can’t just assert and taunt, you have to be able to persuade.
Boy can I relate…..
Looks like I am not the only one, who is in the sights of the intolerant left.
Oh, and by the way, Democrats? This is our Morning in America
We might not have won it all. However, we did put a massive stop to the socialist agenda of a one B. Hussein Obama.
Enjoy the video: (H/T HotAir)
The good part, more is coming in 2012.
For what it is worth; what I said on Twitter — I speak for no one, except for myself. I have reasons for feeling the way that I do. It might have to with the fact that Michigan is essentially a failed state with over 30% unemployment and it is not getting any better. Yet, all Democrats can do is mock me for not having a job, and for living with my parents. Such class that them liberal Democrats have. 🙄
What they do not know, is the fact that I am an only child, and that my parents are in the 60’s and really do not want me to just leave them. I mean, the idea that I just sit around here and live off my folks; and do nothing for them. Is a bullshit lie. I do more than my share to help them. It is called the Christian way. Something most Godless liberals know nothing about.
Anyhow, thanks to the godless liberal John Amato for the free traffic. 😀
Oil, Gold and Stock Advice: The Market Continues The FOMC March Upward and Crowd Patterns
With the election over and congress divided, it may be difficult for the president to get much done. None of this will take affect until the near year but traders are asking the big question… Will the government work together as a team or will it be a stalemate?
Today’s whipsaw action after the FOMC statement shook things up as it always does. We saw gold, silver, the dollar, SP500 and bond prices go haywire. It took about 30 minutes for the market to digest this news in that time a lot of people lost money because of the wide price swings. Trading around news, I find, is a net losing trade over the long run and I advise never to do it. Rather wait for a trend to form and trade any low risk setups that come your way.
I truly believe that the market has already priced in most news and events which unfold, and that news tends to agree with the overall trend of the market. Of course there will be short term blips on the charts from the news, but they tend to be minor setbacks in the underlying market trend. That being said, the trend is our friend, and while so many are trying to pick a top in the equities market it makes me cringe because they are fighting the trend and the Fed.
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In my recent forecast updates for my subscribers and also in my free articles online, I have expounded on the virtues of Elliott Wave Theory, which I use as my linchpin for my short and long term views. To wit, back in August 2009 I made it clear that we would enter a five year period of a massive move up in both Gold and Gold Stocks. Gold was $900 an ounce at the time, and is now at $1360 an ounce. I made that forecast based on human behavioral patterns that go back centuries. Crowds love to all act like a swarm of bees flying together. Everyone hates stocks or sectors when they are down, and the crowd loves them when they are up or going up. Investors like to chase stocks and sectors when they are up high and running near parabolic, but they don’t like to buy large dips or consolidations ahead of moves. Once you learn that Elliott Wave patterns and a few other indicators sprinkled in can give you a heads up on when the crowd is about to jump in, you can basically front run the crowds.
I digress and go back to the Gold Bull Market. The reason I knew in August of 2009 that from $900 Gold we would enter a five year “massive” Bull Run is due to crowd patterns. To refresh, I see Gold as being in a Fibonacci 13 year cycle up that started in 2001. The first five years not too many investors participate in the Bull Run because the prior 20 did nothing. By the time everyone realized in 2006 that Gold mutual funds had compounded 30% a year for five years, it was too late to jump in. Of course, that is when everyone started buying Gold mutual funds and stocks. The problem is the first move was over, and we had 3 Fibonacci years of chop with no net gains. The crowd gives up around the summer of 2009, and that is when I forecasted a huge five year move to come. So far Gold is up over 50% in 13 months and Gold Stocks are up well north of that. The junior stocks started expanding in volume and price months ago, and that should have been yet another wake up call to investors.
Get ALL of the gold, silver, oil and ETF trading advice here!
Video: REALITY REPORT #68 – Midterm Election Beatdown
Disclaimer: The presentation of this Video should not be considered an endorsement of the contents thereof. It is simply presented for education and entertainment purposes only.
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In this edition of the Reality Report Gary Franchi presents the activist beat down footage initiated by the not so funny writers of the Daily Show. Nina Police breaks down the headlines including midterm elections, the Illinois gubernatorial recall vote, Obama’s recent enemy declarations and a new website that will empower
Americans to take action on the issues. Gary provides a candid sneak preview interview with Sheriff Richard Mack from his new film Enemy of the State Camp FEMA 2. He also presents the guest list for this Friday nights special web-cast of “Late Stream LIVE”. Viewers weigh in on the existence of chemtrails and a new “Enemy of the State” is eternally branded.