Friday, February 26, 2010

8 Dirt-Cheap Stocks with Great Potential - Kiplinger

I am not saying that you should buy any of the stocks mentioned. Always do your own DD. This article just outlines an SOP that could help you make money in the market. There are many dirt-cheap stocks who's companies are cash-rich. Cash-rich companies can jump on new opportunities more easily than cash-poor firms can. Now we are talking cheap cash rich companies that are substantial, mature businesses. I am talking about cheap (under $5/share)but not penny stocks!
8 Dirt-Cheap Stocks with Great Potential - Kiplinger

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Thursday, February 25, 2010

Government Interference Makes It Almost Impossible to Forecast Stocks

Feb 25, 2010
by Aaron Task
Yahoo Finance

The author quotes Miller Tabak equity strategist Peter Boockvar stating that it is almost impossible to say where the market is going to go due to the overwhelming influence of policymakers worldwide, which he says has forced market players to become political scientists. Focusing on fundamentals, return on equity, economic data doesn’t work because they are all waiting to see what the market responds to.

The Fed's plan to end its program of buying mortgage- and agency-backed paper on March 31 is the next scheduled event with an uncertain market impact. Boockvar went on to state that he did not think Bernanke is going to be able to get through this smoothly. Of course, all this government involvement is a direct result of the massive bailouts of 2008-09. To read the entire article go here.

Wednesday, February 24, 2010

Death of American Capitalism?

by Paul B. Farrel
Tuesday, February 23, 2021
Published on MarketWatch.com

In a commentary about the end of Capitalism as we know it, Farrel quotes Charlie Munger, Warren Buffet’s long time business partner, who warns that "It's over for America. Yes, "o-v-e-r," America's in decline, at the end-of-days, coming to "financial ruin." Munger compares investors to gamblers and Wall Street institutions to casinos. The article states “Munger is not just talking about the million or so gamblers working in Wall Street's "too big to fail" casino-banks. No, "gamblers" are also among Main Street America's 95 million average investors, though most of the high rollers are the professionals on casino payrolls where most of their revenue now comes from bets on security prices under an outdated system used in the 1920’s. In the piece the author laid out 10 scenes that lead to the end of capitalism.

Munger’s solution: Americans should get into action and launch the "Second American Revolution."
To Read the entire article, and I suggest you do, go here.

Friday, February 5, 2010

My Lack of Posting on This Blog

Sorry, I have been lax in posting on this blog. My excuse is that I have been so involved in the silver and gold scene that I spend most of my time blogging on those topics. If you are interested in gold and silver, especially silver, check out my other 2 blogs:
Silver Surfing and 24K Chuk Kam. They are about investing in and holding precious metals for many reasons. I discuss physical metal, paper metal such as minings stocks and ETFs, and buying scrap metal. I still invest in other stocks just as much or more than before. I am behind in posting on this blog but I am working on a post about speculating on biotech to be posted soon.

The Dire Dollar Rally-Forbes.com

The Dire Dollar Rally
Steve Schaefer, 02.04.10, 05:50 PM EST

The euro's slide against the greenback is bad news for U.S. stocks.
Sovereign debt worries in the European Union have helped the U.S. dollar break a multi-month downtrend and one technical analyst says the bullish trend in the greenback might mean trouble for U.S. stocks.

Read the article here: