Hey Everyone
Long time no post.
However, I do have an excuse! I am now a married man living in North Carolina. That’s right – I am an immigrant (of the legal variety) fresh from the shores of Australia…
Got this email from a fan. And since none of the current writers are Canadian, I thought I’d throw this out there. BTW, RSP stands for “Registered Retirement Savings Plan” and seems to be a Canadian 401k. I’m sure a lot of the standard retirement plan advice would apply, but we’re looking for a Canadian (more…)
Jim Cramer nails it on the head on what the core of the problem of the industry is! Good for him! Finally somebody said it loud enough. Surf to the link, and watch the video, takes about 11 minutes but it is REALLY good… So why was this not caught earlier? Cramer says five minutes (more…)
I started this blog entry last Friday, and am actually pleasantly happy that things have gone further down. This all has to do with things that I have been talking about in previous blog entries.
Is it a time to buy? Undertrader says now could be a good time to buy.
The other important thing is to have PLENTY of cash for the first week in January to buy the stocks that drop due to people taking their profits this way. I would say 60% of my stock purchases for the last 5 years have taken place in the first week of January taking advantage of the profit sell-offs. Be ready for that!
Interesting thought, but one has to wonder, is it a time to buy? According to the blow horn Larry Kudlow it is time to buy, at least that is what he was saying last Friday.
Ok, this is a way long shot, but here are my Democratic and Republican ticket nominations. I say it is a long shot because my gut is telling me something and that is what I will follow on.
Democratic: John Edwards
Republican: Mike Huckabee
I was asked by redddweb the following question:
The last few posts of yours sounds as if your market sentiment is bearish. How do hedge against these risks, as well as dollar fall, inflation, etc; I would love to see a blog entry on facing these challenges(invest in gold? it too is at all time high
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Redddweb was not the only one who asked me a question along the same lines. I have been getting a few emails asking people "what’s next?" As I have said in the past most of my blog entries take some time to write because I like to mull things over. This blog entry is no exception.
Becky from CNBC had a talk with Warren Buffett and how Buffett is a bit pessimistic. Becky’s interpretation is an excellent example of how media changes focus and does not interpret properly. Specifically Becky keeps talking about the following comment:
I made by far the best buys I’ve ever made in my lifetime in 1974.
Hi folks, starting in the new year I am going to be launching a new website called HappyAsAHippo.com. On this new website I am going to do a couple of things: Calculate the HHCPI (Happy Hippo CPI). We all hear about inflation, and how low it is, but yet we feel wrong. What I am (more…)
This post is a bit of hard post for me because it is going to sound ultra-bearish. So if you want to avoid a really bearish blog entry, then this is the one to avoid. If you want to know why I am bearish, then this is the blog entry to read. I want to add a disclaimer here. I don’t really know if the market will go down, but what makes be ultra bearish is that the pieces are not adding up. For the past three weeks while writing this blog entry, whenever I ask other folks about my problems and disconnects they nod and say what be is what be. I also wanted to wait to until the Bush administration officially unveiled their plan before commenting. (Mish does a good job of covering the plan (1,2), and thus I will avoid discussing the plan in detail).
I listened to some commentators talk about the Hugo vote, and they said something along the following lines:
This shows that Hugo is a human, and not a dictator. It is not that bad, etc, etc, etc… How conciliatory he is… He will not change… He will do more of what he is doing now, and will not change…