Thursday, January 29, 2009
Wednesday, January 28, 2009
Sunday, January 25, 2009
Jan 26
People are scared right now, unless you where around during the Dust Bowl you have never seen an economy worse. While Unemployment numbers have not yet shot the moon, if you include people who's unemployment has run out and still have not found work, and those who are “underemployed” you see that the true number of people in trouble is closer to 15%. That's more then one in 12 people folks!
People have been asking me a lot recently “When will the market bottom Brandon? Have we not had enough of a sell off in the market? When will there be value?” I wish I could tell you. You see the problem right now is not only that the economy is in the toilet, it's that we have been played for suckers and we know it. I made a video this weekend showing how Wall Street has spent over half a trillion dollars a year to lie to you about the success of “buy and hold' a strategy who's true long term returns are pitiful! In fact, if you invested in the Dow in 1930, after inflation YOU ARE BREAK EVEN RIGHT NOW. You can watch my vide and see for yourself. Trust me, if I lied about something like this some pretty powerful people would see to it that I'd be treated how Bernard Madoff should be being treated!
Simply state though the market is not going to recover until we can have trust in those who are supposed to “lead” us again. President Obama has required ethics classes for all White House staffers, and put severe restrictions on lobbying, I think that's an excellent start and I applaud him for it. But what about a guy like Tim Geitner. Look, Geitner is a brilliant guy, I get it. He lead the New York Fed and he's been a go to guy during this crisis (for whatever that's worth). I get it! But how can a guy who's evaded taxes, literally committed fraud (look, I'm not tax genious, but it takes a JENIOUS to think that your kids summer camp is tax deductable. How can we trust a guy like that?
And look at the companies themselves. John Thain on a conference call tells the entire world that Merril Lynch is fine in terms of capital. Then, only six days later they go out and have to raise over $8.0 billion. PLEASE! You mean to tell me the CEO of a compnay like Merril does not realize six days ahead of the blessed event that they need to raise $8.0 billion. Well, if that's true I guess it goes a long way towards explaining why they ulimatly had to be rescued by Bank of America. Which brings me to another LIAR who wants us to trust him.
We just recently found out that Bank of America CEO Ken Lewis knew back in December that the losses related to Merril Lynch were going to be significantly larger then any prior estimation. He held on to that information until one week ago. Does anyone care that he commited securities fraud? Do they think we are friggin stupid?
They must, after all it was SEC head honcho Chris Cox who was out screaming from the roof tops one week before Bear Sterns collapse that the Bear was in good shape and all was well. This is the guy who is supposed to be regulating these companies, not friggin cheerleading them as they rob us blind! I'll be curious to see what kind of job Mr. Cox Finds himself in now that he's leaving the SEC.
Or the Bush administration and Hank Paulson (Don't even get me started on the former CEO of Goldman Sachs giving away BILLIONS of our dollars to his frat buddies without any oversight), and the great scholar of the Great Depression Helicopter Ben telling us that everything was okie dokie fine, meanwhile the entire financial system was collapsing all around them. These guys are either stupid or blind! In any case what they all have done is criminal. And you know what, they think we are stupid and will let them get by with it.
Well, the market is not stupid. The market has finally realized that we have all been played for suckers and the jig is up. The market is not going to recover until we can trust what CEO's tell us again. That's not going to happen until some pretty important guys go to jail, and I'm not talking about “evil shortsellers” (who did nothing but point out the fraud that the theives on Wall Street carried out against us all) or little guys like me who try to tell you that you have been played for a sucker.
Until this happens, the market is going to continue to convulse. It's certainly not going to produce the long term capital gains you depend upon to send your kids to college or to fund your retirement. For the time being the only option, unfortuntly in my opinion, is a very short term focus on the market. There are still profits to be had, but if you think you can trust the people “in charge” you aint gonna be seeing any of them.
People have been asking me a lot recently “When will the market bottom Brandon? Have we not had enough of a sell off in the market? When will there be value?” I wish I could tell you. You see the problem right now is not only that the economy is in the toilet, it's that we have been played for suckers and we know it. I made a video this weekend showing how Wall Street has spent over half a trillion dollars a year to lie to you about the success of “buy and hold' a strategy who's true long term returns are pitiful! In fact, if you invested in the Dow in 1930, after inflation YOU ARE BREAK EVEN RIGHT NOW. You can watch my vide and see for yourself. Trust me, if I lied about something like this some pretty powerful people would see to it that I'd be treated how Bernard Madoff should be being treated!
Simply state though the market is not going to recover until we can have trust in those who are supposed to “lead” us again. President Obama has required ethics classes for all White House staffers, and put severe restrictions on lobbying, I think that's an excellent start and I applaud him for it. But what about a guy like Tim Geitner. Look, Geitner is a brilliant guy, I get it. He lead the New York Fed and he's been a go to guy during this crisis (for whatever that's worth). I get it! But how can a guy who's evaded taxes, literally committed fraud (look, I'm not tax genious, but it takes a JENIOUS to think that your kids summer camp is tax deductable. How can we trust a guy like that?
And look at the companies themselves. John Thain on a conference call tells the entire world that Merril Lynch is fine in terms of capital. Then, only six days later they go out and have to raise over $8.0 billion. PLEASE! You mean to tell me the CEO of a compnay like Merril does not realize six days ahead of the blessed event that they need to raise $8.0 billion. Well, if that's true I guess it goes a long way towards explaining why they ulimatly had to be rescued by Bank of America. Which brings me to another LIAR who wants us to trust him.
We just recently found out that Bank of America CEO Ken Lewis knew back in December that the losses related to Merril Lynch were going to be significantly larger then any prior estimation. He held on to that information until one week ago. Does anyone care that he commited securities fraud? Do they think we are friggin stupid?
They must, after all it was SEC head honcho Chris Cox who was out screaming from the roof tops one week before Bear Sterns collapse that the Bear was in good shape and all was well. This is the guy who is supposed to be regulating these companies, not friggin cheerleading them as they rob us blind! I'll be curious to see what kind of job Mr. Cox Finds himself in now that he's leaving the SEC.
Or the Bush administration and Hank Paulson (Don't even get me started on the former CEO of Goldman Sachs giving away BILLIONS of our dollars to his frat buddies without any oversight), and the great scholar of the Great Depression Helicopter Ben telling us that everything was okie dokie fine, meanwhile the entire financial system was collapsing all around them. These guys are either stupid or blind! In any case what they all have done is criminal. And you know what, they think we are stupid and will let them get by with it.
Well, the market is not stupid. The market has finally realized that we have all been played for suckers and the jig is up. The market is not going to recover until we can trust what CEO's tell us again. That's not going to happen until some pretty important guys go to jail, and I'm not talking about “evil shortsellers” (who did nothing but point out the fraud that the theives on Wall Street carried out against us all) or little guys like me who try to tell you that you have been played for a sucker.
Until this happens, the market is going to continue to convulse. It's certainly not going to produce the long term capital gains you depend upon to send your kids to college or to fund your retirement. For the time being the only option, unfortuntly in my opinion, is a very short term focus on the market. There are still profits to be had, but if you think you can trust the people “in charge” you aint gonna be seeing any of them.
My Six Year Old Could Do This
My six year old could beat these clowns! Of the 10,002 US Stock Mutual Funds Morningstar tracks, ZERO are up on the year and the average performance is -43.63%.
Of the 2,892 Foreign Stock Mutual Funds, ZERO are up on the year, ZERO are down less than -10%, and the average performance is -50.75%.
Thursday, January 22, 2009
Bad News, A Mutual Friend Has Passed Away.
Minnesota now requires that all diesel run on a 2% biodeisel blend. This is a great idea except that it gets cold in Minnesota, and when it gets cold biodesil turns to GEL. Turns out, the engines on school buses wont run on gel, imagine that!
So because the buses wont run on gel when it gets cold in Minnesota several Minnesota school districts had to cancel classes. Can't start the buses, kids can't get to school if you can believe that. But, that's not actually the worst part. School nurses had to treat several children for hypothermia because they got stranded on buses who's heaters wouldn't run since the engines don't run on gel! Imagine that!
So the solution they have come up with in Minnesota is to let the buses idil. Yep, you know, run them 24/7 and use more of those evil fossil fuels that they are so bad for us that we should let our children become hypothermic and miss class.
The lawmakers in Minnesota think that this JEL is such a good idea, that they plan to eventually require all diesel sold in Minnesota to run on twnety percent blend! Yep, JENIOUS!!! With a friggin J!
So because the buses wont run on gel when it gets cold in Minnesota several Minnesota school districts had to cancel classes. Can't start the buses, kids can't get to school if you can believe that. But, that's not actually the worst part. School nurses had to treat several children for hypothermia because they got stranded on buses who's heaters wouldn't run since the engines don't run on gel! Imagine that!
So the solution they have come up with in Minnesota is to let the buses idil. Yep, you know, run them 24/7 and use more of those evil fossil fuels that they are so bad for us that we should let our children become hypothermic and miss class.
The lawmakers in Minnesota think that this JEL is such a good idea, that they plan to eventually require all diesel sold in Minnesota to run on twnety percent blend! Yep, JENIOUS!!! With a friggin J!
Your Chance to Help Those In Need and Maybe Get Rich While Doing It!
Well I'm very excited and I have some great news to share with you all. I'm about to start a totally new chapter in my life, and I really can't wait.
If any of you who fought the cancer beast and beaten it, or have a family member who has, you know the effects the disease and the treatments of the disease has on your body.
In my own case I went a healthy 165lbs down to 118lbs at my worst point. I also lost a lot of hair (which is ok since I keep it short anyway), my teeth and my finger nails and toe nails fell off too. Pretty sick to look at really.
I also ended up getting flesh eating bacteria in my hip and leg as a complication of a surgery I had this summer. That was actually the closest that I ever came to dying, I was in the ICU and the doctors told my family that I was being kept as comfortable as possible but they did not have much hope for me over the next 24 hours.
Well, as both of my older brothers can attest to, I'm nothing if not fiesty and I beat that off too. Ended up spending 93 days in the hospital, all of it in Isolation because I was a danger to the other patients.
I never had my empathy for people in prison before, but I think now I can feel a little bit of the madness that such isolation causes..it aint good!
Well, some good did come out of it because the concept for my new site started to work out in my head during that time. I also did a lot of research to figure out what I need to do in order to get back on the net, help you make money, and do it right!
I'm real excited about the new site because I think that so much good can come out of it. All you need to do is look around and you can see that Wall Street and Washingon care a heck of a lot more about their own power and money then they do about us. There are a lot of surgeons I found who would cut a hole through your stomach to get to your wallet, and the guys on Wall Street and in DC are even worse!
If you want to have a secure future, your pretty much on your own to reach out and grab it! And that is where my new site, http://www.ifiredwallstreet.com is going to come in.
I've been helping traders out since 1998, and that help is needed now more then it's ever been needed before!
I Fired Wall Street though is not going to be just about making money and securing our own futures. A big part of the reason I started it was to help others who need our help.
With that in mind my goal with I fired Wall Street is going to be to raiase $100,000 over the next 18 months for St. Jude's Children's Hospital and the Wounded Warriors Project. I will do that by offering huge discounts to those of you who donate money to either of those groups. For example, my normal hourly rate for coaching and mentoring is $500, but right now if you donate $100 to either of these charities and send me the confirmation I will work with you for only $200.
That $200 will go along ways though, because not only do I gaurantee that you will mkae your investment back with a ONE YEAR MONEY BACK PROMISE, but I also will be donating $50 from each client to which ever charity, St Jude's or Wounded Warriors, that you would like me to donate it too. So, you will invest $300 in your own future, helping yourself in ways that you probably can not even imagine right now, and fully ONE HALF of that money will go to the Wounded Warriors.
In addition to offering you opportunities to save money by helping those in need I will donate $10 out of every $100 from I Fired Wall Street's Net Profits each month. You really can't go wrong since your going to be helping yourself and your family out by learning how to pull profits out of the stock market week after week, and your going to be helping those less fortunate who desperatly need the help.
Brandon
If any of you who fought the cancer beast and beaten it, or have a family member who has, you know the effects the disease and the treatments of the disease has on your body.
In my own case I went a healthy 165lbs down to 118lbs at my worst point. I also lost a lot of hair (which is ok since I keep it short anyway), my teeth and my finger nails and toe nails fell off too. Pretty sick to look at really.
I also ended up getting flesh eating bacteria in my hip and leg as a complication of a surgery I had this summer. That was actually the closest that I ever came to dying, I was in the ICU and the doctors told my family that I was being kept as comfortable as possible but they did not have much hope for me over the next 24 hours.
Well, as both of my older brothers can attest to, I'm nothing if not fiesty and I beat that off too. Ended up spending 93 days in the hospital, all of it in Isolation because I was a danger to the other patients.
I never had my empathy for people in prison before, but I think now I can feel a little bit of the madness that such isolation causes..it aint good!
Well, some good did come out of it because the concept for my new site started to work out in my head during that time. I also did a lot of research to figure out what I need to do in order to get back on the net, help you make money, and do it right!
I'm real excited about the new site because I think that so much good can come out of it. All you need to do is look around and you can see that Wall Street and Washingon care a heck of a lot more about their own power and money then they do about us. There are a lot of surgeons I found who would cut a hole through your stomach to get to your wallet, and the guys on Wall Street and in DC are even worse!
If you want to have a secure future, your pretty much on your own to reach out and grab it! And that is where my new site, http://www.ifiredwallstreet.com is going to come in.
I've been helping traders out since 1998, and that help is needed now more then it's ever been needed before!
I Fired Wall Street though is not going to be just about making money and securing our own futures. A big part of the reason I started it was to help others who need our help.
With that in mind my goal with I fired Wall Street is going to be to raiase $100,000 over the next 18 months for St. Jude's Children's Hospital and the Wounded Warriors Project. I will do that by offering huge discounts to those of you who donate money to either of those groups. For example, my normal hourly rate for coaching and mentoring is $500, but right now if you donate $100 to either of these charities and send me the confirmation I will work with you for only $200.
That $200 will go along ways though, because not only do I gaurantee that you will mkae your investment back with a ONE YEAR MONEY BACK PROMISE, but I also will be donating $50 from each client to which ever charity, St Jude's or Wounded Warriors, that you would like me to donate it too. So, you will invest $300 in your own future, helping yourself in ways that you probably can not even imagine right now, and fully ONE HALF of that money will go to the Wounded Warriors.
In addition to offering you opportunities to save money by helping those in need I will donate $10 out of every $100 from I Fired Wall Street's Net Profits each month. You really can't go wrong since your going to be helping yourself and your family out by learning how to pull profits out of the stock market week after week, and your going to be helping those less fortunate who desperatly need the help.
Brandon
Welcome!
Hey I'm glad you took the time to stop by my blog and get to know me a little bit. This blog will be about making money and enjoying life! After all what the hell is the point of making money if you don't enjoy your life as a result.
Brandon
Brandon
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