But 8 million homes are today in foreclosure or their owners are delinquent in their mortgage payments. Some 5.5 million are occupied by families whose mortgages are at least 20 percent higher than the value of the property, making them prime candidates for foreclosure.
This weekend, Bank of America reported fourth-quarter losses of $1.6 billion and a 2010 yearly loss of $3.6 billion. Its credit card unit took a $10 billion write-down, and its home loan business is still reeling from the fallout of the exploded housing bubble.
Now, facing trillion-dollar deficits as far as the eye can see, House Republicans are balking at agreeing to raise the debit limit of $14.3 trillion, though the national debt just crossed the $14 trillion mark.
Category: Economy
How a Simple Line Can Improve Your Trading Success
Elliott Wave International’s Jeffrey Kennedy explains many ways to use this basic tool
January 19, 2011
By Elliott Wave International
The following trading lesson has been adapted from Jeffrey Kennedy’s eBook, Trading the Line – 5 Ways You Can Use Trendlines to Improve Your Trading Decisions. Now through February 7, you can download the 14-page eBook free. Learn more here.
“How to draw a trendline” is one of the first things people learn when they study technical analysis. Typically, they quickly move on to more advanced topics and too often discard this simplest of all technical tools.
Yet you’d be amazed at the value a simple line can offer when you analyze a market. As Jeffrey Kennedy, Elliott Wave International’s Chief Commodity Analyst, puts it:
“A trendline represents the psychology of the market, specifically, the psychology between the bulls and the bears. If the trendline slopes upward, the bulls are in control. If the trendline slopes downward, the bears are in control. Moreover, the actual angle or slope of a trendline can determine whether or not the market is extremely optimistic or extremely pessimistic.”
In other words, a trendline can help you identify the market’s trend. Consider this example in the price chart of Google.
That one trendline — drawn between the lows in 2004 and the lows in 2005 — provided support for a number of retracements over the next two years.
That’s pretty basic. But there are many more ways to draw trendlines. When a market is in a correction, you can draw a trendline and then draw a parallel line: in turn, these two parallel lines can create a channel that often “contains” the corrective price action. When price breaks out of this channel, there’s a good chance the correction is over and the main trend has resumed. Here’s an example in a chart of Soybeans. Notice how the upper trendline provided support for the subsequent move.
For more free trading lessons on trendlines, download Jeffrey Kennedy’s free 14-page eBook, Trading the Line – 5 Ways You Can Use Trendlines to Improve Your Trading Decisions. It explains the power of simple trendlines, how to draw them, and how to determine when the trend has actually changed. Download your free eBook.
Year End Stats of 2010 at PoliticalByline.com
It is that time again. Time to take a look at what were the top postings of 2010.
It is important to remember that this was a down year for this blog. I just have not had the drive to post like I was back in 2009 and 2008. The mid-terms were a bit interesting, as was the passage of the health care bill. However, I just did not have that drive that I did back when I first started this blog. I think it just has to do with the fact that my main reason for beginning to blog, that would be the Presidency of George W. Bush. Not to mention the Bush Administration’s handling of the invasion and occupation of Iraq. Now that the Bush era is over, I really do not have a good reason to continue this; Yes, Obama’s White House is just as bad, if not worse. However, I just cannot muster the outrage towards the man, that many on my far right feel towards the man. Most of it, when one is really being honest is racially based. I mean, I do not remember the right being this hot and heavy against Bill Clinton. It was there, do not get me wrong — but I do not remember that this level.
Anyhow, I will still be around, I do not plan on going anywhere. I will not allow my political foes to win. I will stick around and continue to give you my feelings on things.
Having said all of that, here are the top postings and pages for 2010:
PAGE OR POST ——————————— Hits:
Home page 19,038
Considering the fact that I do no advertising on this blog at all. That is not a bad number. I really do not get linked here at all. I even had one so-called Conservative Blogger dump on me big time and basically toss me under the bus, because some of Michelle Malkin’s fanboys put the pressure on him. He knows who he is, and “You reap what you sow” I always say…
The rest…:
The top referrals of 2010:
There are many who link here and there are places that I submit my postings to, I thank everyone who has came, read and clicked an ad or two, it does help. 🙂
So there you have it, my referrers. Not all of them are friendly. But hey, that is politics, not everyone is going to agree with me. Even I know that. 🙂
Again, to those who still read here. Thank You so very much for your readership. Perhaps 2011 will be a more prosperous year for me. I will admit, this year, money-wise was not that great. I am still unemployed and prospects are not that great. I did survive, but, if it were not for my Christian parents, I would be so very screwed. 🙁 I do not say that for pity or anything — I say it, because it is true. This is my reality folks and I know some would rather mock than help —- They have their reward, as Jesus did say.
There is a common misconception that ALL Conservatives are filthy rich or something to that effect. If only it were true. I am most likely the poorest Conservative Christian Blogger on the planet. Not by choice, but by circumstance — sometimes stuff just happens. I do not wallow in pity though, as I could much, much worse off. I have a roof over my head and three square meals a day. I also have a warm bed to sleep in at night. I also know Jesus Christ as my personal Saviour and I like to think that he is Lord over my life —- and that my friends, is ALL that matters! Everything else, is secondary. As long as you have Jesus in your heart, you are set for life. God never fails, and his word is settled in Heaven!
Some people ask why I even bother to continue this blog, even though 90% of the Conservative Blogging world has written me off. I will tell you why. Because as long as there are progressives out there that want to destroy our Conservative Christian values and want to impose on us a big centralized Government; liberty is threatened. As long as this is the case. I will be fighting this fight. Is it my “calling?” Eh, I do not know that to be a fact. But I do know that my blog does get read and that my opinion is being heard. Now, whether people like what I write and have to say, is another story. I do not claim to be the perfect “Conservative” and I am certainly not your average big Government liberal! I am just someone who saw wrong and decided to write against it. My politics have evolved much — but my commitment has remained the same — that is to be a uncompromising voice of reason in a world of political, religious and moral confusion. Which is what liberalism, whether political or religious, actually is. It is a Babylonian mentality. As Patriotic Americans, as Christians, we must stand up for what we know to be right. For that document called the Constitution. This is not a call to radicalism or violence, it is simply a call to be aware and watch.
Having said all that… Thank you and continue to read here in 2011. It will be a interesting year to watch!
-Charles Patrick Adkins
Owner
PoliticalByline.com
Long-Term Bonds: The Best Possible Investment? Think Again
A free Club EWI report reveals why bonds do not provide shelter from the storm
December 23, 2010
By Elliott Wave International
TREASURIES — the very name conveys a thing that is secure, protected, and will appreciate over time. Otherwise, it’d be called something like “TRASHeries” or “Mattress Stuffers.” Then, there’s the official seal of the US Department of Treasury: its image of a scale and a key symbolize “balance” and “trust.”
And, finally, there’s the mainstream economic experts who have it on good authority that long-term bonds increase in value during financial instability and uncertainty.
On this, the following news items from November-December 2010 reflect the enduring faith in fixed-income assets as the ultimate safe-havens:
- “Bonds Tumble On Signs of Economic Recovery” (Reuters)
- “US Treasury Prices Rise as traders positioned for negative headlines….” (Associated Press)
- “Treasury’s rise as investors sought shelter in safe haven assets amid rising fears about sovereign debt woes in the eurozone. The slow motion train wreck is likely to play out over year end as each country plays musical chairs with solvency. The market’s concern here is ‘What is next?’ The 10-year Treasury yield will fall if the problems get worse from here.” (Wall Street Journal)
There’s just one problem with this notion: namely, bonds (of any denomination) do NOT have a built-in disaster premium. This is the myth-busting revelation of the latest, free report from Elliott Wave International. The resource titled “The Next Major Disaster Developing For Bond Holders” includes a thoughtful selection of various EWI publications that expose the very real vulnerability of bond markets to economic downturns.
The premier study on the subject comes from Chapter 15 of EWI President Robert Prechter’s book Conquer The Crash by way of this memorable excerpt:
“If there is one bit of conventional wisdom that we hear repeatedly with respect to investing, it is that long-term bonds are the best possible investment [in downturns]. This assertion is wrong. Any bond issued b a borrower who can’t pay goes to zero in a depression. Understand that in a [major contraction], no one knows its depth and almost everyone becomes afraid. That makes investors sell bonds of any issuers that they fear could default. Even when people trust the bonds they own, they are sometimes forced to sell them to raise cash to live on. For this reason, even the safest bonds can go down, at least temporarily, as AAA bonds did in 1931 and 1932.
The first chart (see below) shows what happened to bonds of various grades in the deflationary crash. And the second chart (see below) shows what happened to the Dow Jones 40-bond average, which lost 30% of its value in four years. Observe that the collapse of the early 1930s brought these bonds’ prices below — and their interest rates above — where they were in 1920 near the peak in the intense inflation of the ‘Teens.”
That’s just the tip of this myth-busting report. “The Next Major Disaster” uncovers flaws in other widely-accepted bond lore, including these two assumptions:
- High -yield bonds rise during economic expansions
- AND — municipal bonds provide a steady refuge in times of economic stress.
Read more about Robert Prechter’s warnings for holders of municipals and other bonds in his free report: The Next Major Disaster Developing for Bond Holders. Access your free 10-page report now.
You think it is bad now? Wait till the States start collapsing!
This is totally unbelievable: (H/T to HotAir.com)
Speaking of money and taxes, here is Congressman Ron Paul talking about Taxes, Money and of course, the Federal Reserve: (H/T Lew Rockwell’s Blog)
Needless to say, the next couple of years are going to be very interesting to watch. 😯
Investing Advice: Trading the Holiday Grind
It’s that time again when volume dries up and prices rise into the new year. A lot of individuals are scrambling to prepare for the holidays, even though we had a year to prepare. The big money has already done most of their year end shuffling and will be taking it easy until January.
The market is overbought and sentiment readings are at extreme levels which in the past have been the start of large sell offs and even bear markets. While I am keeping a close eye for a top, there is not much we can do but stay long stocks and commodities until the market tips its hand and distribution selling is in control. The U.S. federal government is the only wild card going into year end that should be on traders’ radars. They have been doing a great job boosting prices in the equities and commodities market, but can they continue to hold things up when the big money and the proverbial herd start unloading positions in 2011? — Please, Click here to read the rest.
Personal Advice from ME: If you are small time stock investor, GET OUT NOW!
…and here is why….
This comes via Gateway Pundit, who is one hell of a great blogger:
The story via the U.K. Telegraph:
US Treasuries last week suffered their biggest two-day sell-off since the collapse of Lehman Brothers in September 2008. The borrowing costs of the government of the world’s largest economy have now risen by a quarter over the past four weeks.
Such a sharp rise in US benchmark market interest rates matters a lot – and it matters way beyond America. The US government is now servicing $13.8 trillion (£8.7 trilion) in declared liabilities – making it, by a long way, the world’s largest debtor. Around $414bn of US taxpayers’ money went on sovereign interest payments last year – around 4.5 times the budget of America’s Department of Education.
Debt service costs have reached such astronomical levels even though, over the past year and more, yields have been kept historically and artificially low by “quantitative easing (QE)” – in other words, Federal Reserve Chairman Ben Bernanke’s virtual printing press. Now borrowing costs are 28pc higher than a month ago, with the 10-year Treasury yield reaching 3.33pc last week, an already eye-watering debt service burden can only go up.
Few on this side of the Atlantic should feel smug. The eurozone’s ongoing sovereign debt debacle has pushed up Germany’s borrowing costs by 27pc over the last month – to 3.03pc. The market has judged that if Europe’s Teutonic powerhouse wants the single currency to survive, it will ultimately need to raise wads of cash to absorb the mess caused by other member states’ fiscal incontinence…
…Some say that growing signs of a US economic recovery are positive for stocks, which means money is being diverted out of Treasuries, so lowering their price, which pushes up yields. That’s wishful thinking. Sovereign borrowing costs have just surged in the US – and therefore elsewhere – because a politically-wounded President Obama caved-in and extended the Bush-era tax cuts, combining them with a $120bn payroll tax holiday…
…The market is increasingly alarmed at the rate of increase of the US government’s already massive liabilities. America’s government debt is set to expand by a jaw-dropping 42pc over the next few years, reaching $19.6 trillion by 2015 according to Treasury Department estimates presented (amid very little fanfare) to Congress back in June. Since then, government spending has risen even more. So US debt service costs, like those of many other Western nations, are expanding rapidly in terms of both the volumes of sovereign instruments outstanding, and the yields on each bond.
You know what that means? It means that if you are a small time investor; that you need to get out of the Market NOW! This could have a huge impact on the market, and you could lose very big. I do virtual trading and so far, I have done well on my trades. But I am not about to lose my shirt, so, I ordered a sell off of everything. Now the big time guys will be able to afford to ride this out, because they have the wealth to spare. But the small time people will get burned. The best thing I can tell you small times investors, is to dump your shares and put it all into Gold. That would either be into EFT‘s or real actual Gold.
Disclaimer: I do not claim to be a expert on the subject of stocks, trading or even Gold. However, it does stand to reason that when such news as this is report, that it will affect the U.S. markets and the United States financial system. I do however, promote a great investment advice service called Elliotwave. You might want to check it out.
Video: Representative Ron Paul on Fox Business
The main subject: The Federal Reserve and it’s printing of money.
It is a great video to watch: (Via the Daily Paul)
Gold & Stock Trading Advice: Is The Herd Trading Gold & SP500?
Over the past 2 weeks we have seen the market sentiment change three times from extreme bullish to bearish and back to bullish as of today. Normally we don’t see the herd (average Joe) switch trading directions this quickly. Over the past 10 years I found that the average time for the herd to reach an extreme bullish or bearish bias takes between 4-6 weeks in length. It is this herd mentality which makes for some excellent trend trading opportunities. But with the quantitative easing, thinner traded market, and lack of trading participants (smaller herd) I find everyone is ready to change directions at the drop of a hat.
The old school traders/investors who don’t use real-time data or charts, and who dabbled in stock picks, and options trades here and there have mostly exited the trading arena from frustration or losing to much money. This group accounted for a decent chuck of liquidity in the market and was also the slowest of the herd to change directions.
The new school, today’s smaller herd is much more aggressive and quicker to act on market gyrations. I think this is because the only people left in the market are those who make a living pulling money from the market and those who feel they are really close to mastering the stock market. It is these individuals who are using trading platforms with real-time data, charts and scanners to help get a pulse on the market so they can change directions when the big boys do. I feel this is the reason why the market is able to turn on a dime one week to another over the past 8 months… The easy prey (novice and delayed data traders) are few and far between and the fight to take money for other educated traders seems to be getting a little more interesting to say the least.
Anyways, enough about the herd already…
It’s been an interesting week thus far with stocks and commodities. The week started with a large gap up only for strong selling volume to step in and reverse direction the following day. It is this negative price action that starts to put fear into the market triggering a downward thrust in the market. During an up trend which we are in now, I look for these bearish chart patterns to form as they tend to trigger more selling the following days which cleanses the market of weak positions. Once a certain level of traders have been shaken out of their positions and are entering positions in order to take advantage of a falling market, that’s when we get the next rally, catching the majority of traders off guard as they panic to buy back their short positions. It’s this short covering which sparks a strong multi day rally and kicks off the new leg up in the market.
Currently we getting some mixed signals. The market sentiment is the most bullish it has been since 2007, just a little higher than the Jan & March highs this year. This makes me step back and think twice about taking any sizable long positions. Any day now the market could roll over. Another bearish signal is the fact that we just had a very strong reversal day for stocks and metals to the down side. That typically leads to more selling.
But if we look at the positive side of things, the trend is still up, this is typically a strong time for stocks as we go into Christmas/Holiday season, also the market breadth is really strong with the number of stocks hitting new highs has really taking off.
SP500 – Daily Chart
Below you can see the reversal candles along with short term and intermediate support levels. Although the market sentiment is screaming a correction is near, we must realize that sentiment can remain at this level for an extended period of time while the market continues to trend. This is one of the reasons why we say “The Trend Is Our Friend”.
I am hoping for a pullback and would like to see market sentiment shift enough on an intraday basis to give us a low risk entry point.
Gold – Daily Chart
A reversal candle is seen as a sell signal or a profit taking pattern. Short term aggressive trades use these to lock in quick price movements. With so many traders watching gold, it caused a flood of sell orders to push gold down today.
Mid-Week Conclusion:
In short, each time we see some decent selling in the market its get bought back up. Today was another perfect example as we had an early morning sell off, then a light volume rally for the second half of the session and a end of day short squeeze during the last 30 minutes. Gold has pulled back to the first short term support level. Because of the large following in gold I would like to see if there will be another day of follow through selling before possibly looking to take a trade.
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For more stock and gold trading advice, please, check out The Oil and Gold Guy’s website!
Yes Please: Ron Paul says Wikileak the Fed!
Update: Thank you to voters at Reddit! You all are amazing… 😀
Here’s my stats screen as of a few hours ago:
Thanks so much you all. I will try to continue to post stuff like this, that everyone over at Reddit can enjoy. 🙂
Stock, Gold and Oil Trading Advice: Gold/Silver – Controlling Your Trades, Money & Emotions
Last week we had typical pre-holiday light volume trading going into US Thanksgiving. The previous week I warned every one to trade with extreme caution because of the light volume and the fact that the market is on the verge of a sizable drop for both stocks and commodities. Any price action could not be taken seriously because of the light volume. We will not know until later this coming week what the big money wants to do… Buy or Sell, also what the manipulators will do… Seems like there are a lot of wild cards out there with Europe issues and both unemployment and payroll numbers out on Friday morning.
Below are a few charts showing my intermediate term outlook for gold and silver.
Gold & Silver Futures – Daily Chart
You can see both metal are showing a possible reversal head and shoulders pattern. While they have yet to confirm and close below the neck line we must be aware of this pattern and the risk/potential it provides us with. Both metals are still in an uptrend but showing signs of weakness.
US Dollar Index – Weekly Chart
This chart is not really that helpful for trading stocks, commodities or options right now but I wanted to post it because it allows me to show you how I analyze the market and my trades.
As you can see, the past 3 weeks have been in a strong uptrend reaching the first resistance level. The point of this chart is to show you that if you step out to the next longer time frame you can get a solid feeling of where an investment will find major support and resistance levels. Any investment not matter if it’s a stock, commodity or currency, if the price is trading in the middle of a large range like this chart you should not be taking large positions because it almost becomes a 50/50 bet on the market which is not a good winning strategy unless you are very experienced at managing your trades and money.
If you are going to trade then you want to focus on the underlying trend and you do that by looking at the next larger time frame. For example: if you focus on trading the daily chart, then you must step back each week and review the weekly chart to be sure you are trading with the underlying trend which is up for the dollar right now.
Weekend Trading Ideas:
Tuesday morning we saw the SP500 gap lower and continue to sell off. Traders started panicking out of their long positions and we could see it using the intraday market internals charts, which I cover each morning in the pre-market trading videos. Me being a contrarian (buying into market fear, selling into market strength) I used that high level of fear in the market along with the expected light volume holiday week ahead as an excuse to book profits near the lows on SP500 using the SDS bear fund allowing us to profit from the falling market. I feel we are going to have some crazy moves on the markets going into year end and it should be a lot of fun if done correctly.
Trading in general is a very difficult task especially if you are doing it for a living and planning on using your monthly income to pay bills, salaries etc… We all know the stress which comes with trading and if do not have a solid trading strategy, rules and cannot properly manage yourself (emotions) then you are most likely running into problems like over-trading, getting shaken out of trades easily, and taking bigger risks than your account can handle. Each of these cause more traders to blow up their accounts and big up on trading.
I am giving away my book on how you can control your trades, money and emotions. This short and to the point guide is full of my trading techniques, tips and thoughts which will help you get a handle of your emotions turning the market noise into music.
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For great stock, gold and oil trading tips; Please, click here to sign up for this great service for the day trader!
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!
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
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.
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? 😉
Reality sets in: Obama White House caves on Tax Cuts
….and the left is not happy about it either. 😯
WASHINGTON — President Barack Obama’s top adviser suggested to The Huffington Post late Wednesday that the administration is ready to accept an across-the-board, temporary continuation of steep Bush-era tax cuts, including those for the wealthiest taxpayers.
That appears to be the only way, said David Axelrod, that middle-class taxpayers can keep their tax cuts, given the legislative and political realities facing Obama in the aftermath of last week’s electoral defeat.
“We have to deal with the world as we find it,” Axelrod said during an unusually candid and reflective 90-minute interview in his office, steps away from the Oval Office. “The world of what it takes to get this done.”
“There are concerns,” he added, that Congress will continue to kick the can down the road in the future by passing temporary extensions for the wealthy time and time again. “But I don’t want to trade away security for the middle class in order to make that point.”
It has been widely assumed that the president would have to accept an across-the-board deal of some kind, but Axelrod’s remarks were the first public confirmation of that fact — and by a figure regarded as closer to Obama than any other White House staffer.
Also dealing “with the world as we find it,” Axelrod declined repeatedly to comment on any of the controversial debt-reduction measures suggested by the chairs of the president’s own commission — even those, such as raising the Social Security retirement age, that go against Obama campaign pledges and strike at the heart of Democratic constituencies.
He said that the White House would wait until the commission made its final recommendations on Dec. 1 before adding, “the president’s commitments haven’t changed.”
This is the consequence of the election. The President is in full on, “I will give you whatever you want, just please do not hurt me!” mode. This is what happens when your Party has lost an election. It is called conceding power. It is something that the Democrats are never good at doing, at all. The unpopular truth is, that the Democrats have no one to blame, but themselves. They are the ones who overreached during the 2008 election and promptly kicked their base square in the jewels and left them out in the cold. They are the ones who, instead of passing job creation bills and a stimulus bill and waiting to see of the economy recovered — instead passed a unpopular health-care bill that no one understood, much less wanted; and now they are paying the price for that stupidity.
The best these jackass idiots can do, is to continue to blame Bush over and over for something that he really had nothing do with. In fact, had Bush not taken some of the steps that he had; we would be in a full on 1930’s or worse style of massive depression. Needless to say, some of Bush’s actions did not sit too well with his base. Either way, the Democrats will use Bush as the proverbial “Human Shield” for a long time to come, when they are not spewing hate about him like this here: (H/T The Right Scoop Originally at The Blaze)
Needless to say, I believe that 2012 will be a referendum on this sort of blind hatred towards Republicans and Conservative values that people like me, hold dear. Further more, I believe that the 2012 elections will be a huge sea change of power and the Democrats will be sent to the wilderness, where they belong.
However, because I am a fair and balanced type of person and because I just do not carry water for ANY political party; I will say this — The Republican Party has one more chance to get it right. If it blows it this time and in 2012, they are sunk and our Nation, as a whole, will most likely be sunk as well. Here is hoping, for the sake and good of this Country, that they do it right and not screw it up. We are counting on you all, please….. Get it right.
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
President Barack Obama delivers the President’s weekly address
Transcript Via The White House:
Remarks of President Barack Obama
Weekly Address
The White House
November 6, 2010
This week, Americans across the country cast their votes and made their voices heard. And your message was clear.
You’re rightly frustrated with the pace of our economic recovery. So am I.
You’re fed up with partisan politics and want results. I do too.
So I congratulate all of this week’s winners – Republicans, Democrats, and Independents. But now, the campaign season is over. And it’s time to focus on our shared responsibilities to work together and deliver those results: speeding up our economic recovery, creating jobs, and strengthening the middle class so that the American Dream feels like it’s back within reach.
That’s why I’ve asked to sit down soon with leaders of both parties so that we can have an extended discussion about what we can do together to move this country forward.
And over the next few weeks, we’re going to have a chance to work together in the brief upcoming session of Congress.
Here’s why this lame duck session is so important. Early in the last decade, President Bush and Congress enacted a series of tax cuts that were designed to expire at the end of this year.
What that means is, if Congress doesn’t act by New Year’s Eve, middle-class families will see their taxes go up starting on New Year’s Day.
But the last thing we should do is raise taxes on middle-class families. For the past decade, they saw their costs rise, their incomes fall, and too many jobs go overseas. They’re the ones bearing the brunt of the recession. They’re the ones having trouble making ends meet. They are the ones who need relief right now.
So something’s got to be done. And I believe there’s room for us to compromise and get it done together.
Let’s start where we agree. All of us want certainty for middle-class Americans. None of us want them to wake up on January 1st with a higher tax bill. That’s why I believe we should permanently extend the Bush tax cuts for all families making less than $250,000 a year. That’s 98 percent of the American people.
We also agree on the need to start cutting spending and bringing down our deficit. That’s going to require everyone to make some tough choices. In fact, if Congress were to implement my proposal to freeze non-security discretionary spending for three years, it would bring this spending down to its lowest level as share of the economy in 50 years.
But at a time when we are going to ask folks across the board to make such difficult sacrifices, I don’t see how we can afford to borrow an additional $700 billion from other countries to make all the Bush tax cuts permanent, even for the wealthiest 2 percent of Americans. We’d be digging ourselves into an even deeper fiscal hole and passing the burden on to our children.
I recognize that both parties are going to have to work together and compromise to get something done here. But I want to make my priorities clear from the start. One: middle class families need permanent tax relief. And two: I believe we can’t afford to borrow and spend another $700 billion on permanent tax cuts for millionaires and billionaires.
There are new public servants in Washington, but we still face the same challenges. And you made it clear that it’s time for results. This a great opportunity to show everyone that we got the message and that we’re willing, in this post-election season, to come together and do what’s best for the country we all love.
Thanks.
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.
———————-
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!
Christine O’Donnell makes her case
This is a video that Comcast conveniently forgot to air:
We the People of the First State from Friends of Christine O'Donnell on Vimeo.
I think she did well here. Hopefully, she can do well tomorrow.
Farewell BlogAds, I wish you well
Something interesting happened yesterday. I received this rather tersely worded e-mail from the follow that handles Blog relations at BlogAds:
Delivered-To: tpblogeditor@gmail.com Received: by 10.216.2.204 with SMTP id 54cs188277wef; Tue, 26 Oct 2010 12:37:31 -0700 (PDT) Received: by 10.150.230.14 with SMTP id c14mr16284843ybh.312.1288121849331; Tue, 26 Oct 2010 12:37:29 -0700 (PDT) Return-Path: <marc@blogads.net> Received: from mail-gx0-f170.google.com (mail-gx0-f170.google.com [209.85.161.170]) by mx.google.com with ESMTP id v3si16164162ybi.73.2010.10.26.12.37.28; Tue, 26 Oct 2010 12:37:29 -0700 (PDT) Received-SPF: pass (google.com: domain of marc@blogads.net designates 209.85.161.170 as permitted sender) client-ip=209.85.161.170; Authentication-Results: mx.google.com; spf=pass (google.com: domain of marc@blogads.net designates 209.85.161.170 as permitted sender) smtp.mail=marc@blogads.net Received: by mail-gx0-f170.google.com with SMTP id 26so2514759gxk.29 for <multiple recipients>; Tue, 26 Oct 2010 12:37:28 -0700 (PDT) Received: by 10.150.54.7 with SMTP id c7mr13249285yba.9.1288121848345; Tue, 26 Oct 2010 12:37:28 -0700 (PDT) Return-Path: <marc@blogads.net> Received: from Marc-Wassermans-MacBook.local (rrcs-24-106-179-34.se.biz.rr.com [24.106.179.34]) by mx.google.com with ESMTPS id 13sm10640690anq.30.2010.10.26.12.37.26 (version=TLSv1/SSLv3 cipher=RC4-MD5); Tue, 26 Oct 2010 12:37:27 -0700 (PDT) Message-ID: <4CC72DF5.2020102@blogads.com> Date: Tue, 26 Oct 2010 15:37:25 -0400 From: Marc Wasserman <marc@blogads.net> Reply-To: marc@blogads.com User-Agent: Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.6; en-US; rv:1.9.2.11) Gecko/20101013 Thunderbird/3.1.5 MIME-Version: 1.0 To: Patrick <tpblogeditor@gmail.com> Subject: End of Service Content-Type: text/plain; charset=ISO-8859-1; format=flowed Content-Transfer-Encoding: 7bit Hi Patrick, I wanted to let you know we've stopped Blogads sales for your site. We will pay out any outstanding funds. Your adstrips will stop functioning within the next few days -- if you leave it up on the site, the ghost adstrip code won't disrupt your site's serving. While we realize Blogads.com is imperfect and has frustrated you, we don't want to be associated with your abusive language about our staff and service. Best, Marc -- marc wasserman | customer relations blogads for opinion makers | blogads.com p: 919.636.4551 x 804 | f: 469.398.0473 facebook.com/blogads | twitter.com/blogads
My first reaction was, basically, to chuckle a bit. What happened was this; I was trying to edit an ad spot here a few days ago and the server that handles the ad editing — was slow, as in very, very, slow. Therefore, I hopped over to the facebook page and in so many words, told the idiots to fix their stupid slow server. I guess Henry, the man that owns BlogAds, saw it and someone got their butt chewed for it. I suspect that might have been Marc. Therefore, in retaliation, I am tossed off the service.
Here is why this really does not matter at all. I can count on one hand, how many ads I have gotten with BlogAds, since I started using it again — when I switched sides politically. I only got five or maybe six paying ads on the side. When I was a left of center Blogger, I got exactly ZERO ads. As a “Right of Center” Blogger, I even was a part of a few hives, or Ad Groups. Those paid nothing as well. I mean, literally no ads came from the majority of them; except maybe the so-called “Conservative” hive. I got a few through there. I ended up leaving that hive, because of the actions of its owner. Of whom, I felt was a bit of an asshole towards David Frum. Other than this, I was not “rolling in the dough” as some might have assumed —- much quite the opposite — I never made much of anything with Blogads at all. All of those ads, that you might have seen in the sidebars, in the Blogads, ad sections, were free ads that I ran, either to promote stuff that I was selling on zazzle or as a favor to others who asked for the help.
Frankly, it is the opinion of this writer, that Blogads day has come and gone; Blogads came on the scene in 2002 and became big in 2004, during the election. However, much has changed since then. Google Adsense got smart and started doing graphical ads — not to mention the fact that their pricing structure is a bit saner for advertisers. In addition, there is this little thing. I believe in the time old business practice of “the Customer is always right,” no matter how abusive, nasty or whatever, the customer is always right. Frankly, if the staff over at Blogads cannot handle being yelled at, because of their subpar servers, then they should shut the company down and leave the advertising business.
Frankly, I am glad to be severed from that company and their joke of an advertising system, which benefits the bigger bloggers and leaves the smaller people like others and me on there in the cold. Therefore, I can honestly say, there was no big loss, at least not on my part.
In conclusion, I simply say to Blogads —- Goodbye and good luck. I wish you the best; however, I suspect that BlogAds will be going the way of other foolhardy ad businesses of the pre-economic bubble era — out of business, especially if they continue with this philosophy that the staff is always right.
Here is a perfect reason why I will never vote Democrat again, ever
Some video clips, but first a little housekeeping —- sorry for the lack of posts. I passed out asleep and didn’t wake up till 12:00 midnight.
Anyhow, here are three video clips, all of which I saw over at HotAir.com:
The first one is where Bill O. is on the view and he makes the fetal mistake of ID’ing who actually attacked us on 9/11:
My friends, after 10 years, if we cannot say Muslim’s attacked us on 9/11 without having to add the radical part, then something is seriously wrong. We usually do not say, radical Japanese attacked us at Pearl Harbor, nor do we say that Germany under Hitler was radical Germany —- we just call them Germans. I ask you people, why the hell do we have to give the god damned Muslims in this Country some sort of god damned special treatment!?!?!?! Now the argument here is, that if you do not use the term “Radical Muslims”, that you imply that ALL Muslims are terrorists; to which I say, ever read their Koran? I am just saying….
Now this next clip is beyond belief, to add insult to injury, Joy Behar invites Jesse Ventura; Yes, Jesse “I think Bush and Cheney caused 9/11” Ventura:
Finally, here is the clip of Bill O. talking with Laura Ingraham ripping on Behar and Whoopie on the walkout and basically saying what I said; Now I know that I have ripped on Ingraham on here in the past, calling her a shrieking Harpy, when I thought it was due, I have also made fun of her, when she has done silly stuff, case and point, see here — But this time, Bill O’Reilly and yes, Laura Ingraham are both right, the damned liberals, as usual, are straight up wrong and are trying to play some sort of political correctness game with 9/11, which I happen to know is straight up BULLSHIT. Anyhow, here’s the clip of Bill O and Ingraham:
Again, let me say, I agree with both of these people 100 percent; it was Muslims that attacked us on 9/11, it was not Christians, it was not Jews, it was not Hindus; it was Muslims. To say anything other than this, excuses the group that attacked us. What about so-called peace loving Muslims? Well, to that I say this, when the Muslim Community decides to confront, head on, the radical element within their own religion abroad and here in America —- then I might start making that distinction, until that starts happening, all bets are off.
Further more, let me get into something else here. This whole idea, by some, on the liberal left, that Bush did 9/11. Now to normal sane Americans; this idea that President George W. Bush caused or ordered the attacks on 9/11 is pure insanity. But to some of the left, it is a true fact. Honestly, only about 1% actually believe that Bush caused 9/11. The rest of the left, use that little line, out of anger — over losing the 2000 and 2004 elections. I ought to know, I used to vote Democrat, up until 2007, when I decided that the Democratic Party had went too far to the left for even my liking.
This whole idea that Bush caused 9/11 and Democrats calling for a formal investigation into events surrounding 9/11, and also the lead up to the Iraq War is nothing more than political retribution towards the Republican Party and towards George W. Bush —- because the Democrats lost 2000 and 2004. As you all know, in 2000, the Democrats ran an unelectable buffoon named Al Gore. In 2004, Same deal, different person. Losing both of those elections have burned Democrats for years. Hence the continued inferring that Bush caused 9/11. Plus, on top of that, there was the Iraq War; which was the liberal “cause” here, up until someone within the liberal establishment decided that the Iraq War was no longer worth making the entire liberal movement look stupid and they dropped it as a whole. Then there is the afghan war; which the opposition to it, has been rather muted. Because the liberal establishment knows that if they turn on that War that the Democratic Party to the rest of America, will look like the biggest bunch of hypocrites ever. Which they are, but I digress. Either way, these videos just show you; one, the hypocrisy of the liberals and two, how bad that the liberal movement has become, when it comes to freedom of speech.
Come November 2, I will either be voting for Libertarians or Republicans. I have no really decided which; at this point, I am most likely pulling the lever for the Republicans. Because we need to right the ship and the libertarians have never won anything at all, and I want to vote for a winner this time; especially here in Michigan. We have had enough of Democratic failure, me especially, being out of work since 2005, it does really suck. Instead of doing the normal blaming of the Republicans, like some people I know around here do, I am facing reality and saying that Granholm and her polices failed and am voting different.
…and I hope you will do the same….