Stimulus or Not

[Croaker]

Nice little post.

I agree with you on Gold looking like the place to be.  But also agree that not chasing what you want is not a bad ideal.

I do the same on Stink bids, if they get purchased great, if not, oh well. But I also place my Stop Sell bids once they break the 20% profit margin. Once they sell, I figure out my next stink bid for them if I want them back and wait. 

I already sold DNN, AUY and AAUK for a 20% plus profit. Strict discipline this year, time to make my money back from last years beating. 

Riding the Wave with both eyes open!!!

[Bottomfeeder]

NOT.

There doesn't appear to be much being stimulated but more deficit spending.  I personally think the markets liked the possibility of the bill not passing more than it passing.  Moving away from "mark to market" accounting and additional bank stimulus is what has this market going, for another short period of time.

I read one artcile this week that stated that the cost of the jobs that were actually going to be created would be like 1.3 M per job created.  Frightening.

The only thing that government (lawyers) can do is waste money.  See four guys standing around a pothole (which we all see all the time) as an example.

As evidenced by IBM's job creation plan (per Obama's request)  below 900,000 jobs can be created for about 35K per job, or 30B dollars.

http://online.wsj.com/article/SB123120010817055565.html

So to scale that out, we should be able to create 3M jobs for about 100B dollars.

Not saying other spending and tax cuts aren't required in these times, but our government is continuing to not act in good faith, either that or they continue to be completely incompetant, I have no idea which one.

JDH...right on with the P&F Dow chart.  I was looking at the same thing.  At best we are just beginning a consolidation phase.  This market IS NOT INVESTABLE only tradeable.

While no doubt inflation is coming, deflation is here first, and I think that is what needs to be dealt with now from an "investment" perspective. 

There is alot of money to be made in the next year or two playing the sawtooth, with whatever your choice of symbols are.

[Croaker]

BF,

I had to put my political hat on for this. Which I hate.

Not is correct.

This Stimulas package is two parts. 

1.  To pay off those who supported him during the election.

2.  To have aces up his sleeves for later down the road when he needs support in the Congress. In plain English, he is greasing the skids for pay back later.  Politics at its best.

One thing is so funny to me.  Where was the Conservative Repubilican Congress when The Republican President was pushing huge Bills on Capital Hill.  Oh yea, right behind him helping him push. Politics at its best again.

Anyway, a whole lot of Pork in the Bill.  Inflation coming around the corner.  And they haven't even been hit with the Credit Card Bubble yet.....

[Bottomfeeder]

I hear ya Croaker....I wasn't trying to be a Obama basher or anything like that, its just that they are ALL crooks looking out for themselves period, none any better than the other.

I watched Greta last nite interviewing a Senator about "how do you come up with these numbers" and she couldn't and wouldn't even answer the question.  The numbers are simply pulled out of a hat, with spending mandates placed on them, period.

Bottom line, is that new spending should be done with zero based budgeting, to control/eliminate waste.  Unfortunately that is just too much trouble for our government as politics takes precedence over responsibility.  Not like it matters anyway, the taxpayer will just pay it.  Did you happen to see the report about Paulson overpaying 78B on bank assets, without any disclosure?

It is a national disgrace that WE continue to allow our politicians to not reflect the wishes of the people based on our ideologies.

I am getting in the camp that this is a definate top, sell the news after the Geitner announcement probably Monday.  Everyone knows that this spending bill is long term bad for America, growth, and its citizens.  CBO reports that (I think it was 2018) that this bill will actually begin to create negative GDP growth going forward at a cost of something like 184B annually, setting up the next normal cyclical recession.  Great, Clinton, if he were dead, would be rolling over in his grave as alot of his good work was just un-done.

Maybe Canada will take over Cuba one day and I can go and find a better place to live. LOL .  Sorry cant handle the cold weather up there.

[Croaker]

I hear you, BF.  I am not a Dem bashing Bush.  I consider myself a Conservative. So I was just pointing out that both parties are crooks like you said. They support thier own interests, not America's in my opinion.  They just run their mouths as if it was for America and the whole time is it to line theirs and their friends pockets. 

I try not to bash either side after this election. I didn't vote for anyone because I was so disappointed over both major parties.  I was going to vote Libertarion, but just sat home and pondered the future.

Both it no ones fault but us VOTERS. The voters just keep voting in the same knuckleheads just because they don't take the time to listen to what they say, verify if they held their promises and walk the walk.

O.K., politic hat off.

[yellowcaked]

Hey, I WAS the original Obama basher, but I wasn't high on Bush as well.  I take offense BF but I willingly hand over my crown to you!

Just kidding! 

I wish I had seen that Greta interview, I will search for it.  I have always been wondering how they come up with all those spending numbers so quickly.  Perhaps using Nancy Reagan's astrologer?  Just kidding again!

I think if they had let every institution fail that was in trouble over housing and derivatives then we would have been at bottom months ago, sans big deficit spending, and working our way up and out of this mess by now.  Take the big money away from the big money players and abusers is what I say.

But I don't know anything...

I think you are right, the number are pulled out of a hot adn the only thing going on is the fight about who gets what for constituents.

I hear ya Croaker....I wasn't trying to be a Obama basher or anything like that, its just that they are ALL crooks looking out for themselves period, none any better than the other.

I watched Greta last nite interviewing a Senator about "how do you come up with these numbers" and she couldn't and wouldn't even answer the question.  The numbers are simply pulled out of a hat, with spending mandates placed on them, period.

Bottom line, is that new spending should be done with zero based budgeting, to control/eliminate waste.  Unfortunately that is just too much trouble for our government as politics takes precedence over responsibility.  Not like it matters anyway, the taxpayer will just pay it.  Did you happen to see the report about Paulson overpaying 78B on bank assets, without any disclosure?

It is a national disgrace that WE continue to allow our politicians to not reflect the wishes of the people based on our ideologies.

I am getting in the camp that this is a definate top, sell the news after the Geitner announcement probably Monday.  Everyone knows that this spending bill is long term bad for America, growth, and its citizens.  CBO reports that (I think it was 2018) that this bill will actually begin to create negative GDP growth going forward at a cost of something like 184B annually, setting up the next normal cyclical recession.  Great, Clinton, if he were dead, would be rolling over in his grave as alot of his good work was just un-done.

Maybe Canada will take over Cuba one day and I can go and find a better place to live. LOL .  Sorry cant handle the cold weather up there.