Monday I can’t stress this enough, making trades before an earnings announcement is a risky game, but if you are going to do it, you have to know what is going on with the expectations. Secondly, you have to use small trade allocations. I suggest using options so that you can play either side with ease and with a small amount invested. Earnings season is winding down, but there are always a few companies announcing earnings each week that are worth watching. Click here to read the full article. Tuesday - Analysts have consistently underestimated the seriousness of our current economic problems. Weren’t we supposed to have a turnaround the second half of last year? And now it’s the second half of this year...
- All the fundamental numbers are still worsening. Jobs, factory orders, housing, bank writedowns, economic growth and so on.
- Most of those who are predicting an imminent turnaround are doing so on the basis of the government’s bailout plans. But government actions so far have failed dismally. “Government as the answer” doesn’t do it for me.
Click here to read the full article. INTERNAL ENDORSEMENT What's The "TD Circ 570 Strategy"? If you are interested in locking in 65% annual gains with a strategy that is 99.77% Risk-Free (back tested to 1920) than I suggest you take a few moments to read the FREE critical report below. Be forewarned, It's a bit "Brash." Click here to learn how you can become "Dumb & Rich!" | Wednesday These so called “best and brightest” ran their firms into the ground with some of the worst management decisions since my first attempt at managing a checking account in college, and they are still being paid bonuses. I guess my idea of a bonus being something earned for superior performance is different from theirs. They loaded up on mortgage investments they knew were garbage, high-risk junk, and then scream they can’t stay afloat without taxpayer help when these same investments went in the toilet. The best of the best then cry for more cash, more help, and then buy a multi-million dollar jet for the best and brightest to get around to more meetings, send their money geniuses to Las Vegas for an all expense paid junket, and argue that a half a million dollars a year isn’t enough to attract talent. ------------------------------------------------------------------------------------------------------------------- The idea that we the taxpayers should expect these, the chosen, to live on $500,000 a year is being received as if we had just thrown them out on the streets with just the clothes on their backs. This is the final straw for me. The President’s limit of $500,000 compensation for the top executives of companies receiving TARP money, charity, is ten times the average income for a family in this country. TEN TIMES! If $500,000 isn’t enough money for the performance these people have delivered, I’m living on the wrong planet. Click here to read the full article. Thursday Now that we know nuclear power is safe and produces clean energy, we need to focus on getting away from fossil fuels and start developing this clean energy source. I propose a Herculean effort to start building new nuclear power plants around the globe. We need to get our best scientists onboard to take nuclear power to its full potential. Now is the perfect time to launch this project as switching from fossil fuels to clean energy is a massive project that will create many jobs during this period of global recession. Imagine a planet with no pollution problems and no energy or water shortages. Picture what mankind can achieve with an inexhaustible and safe supply of cheap electricity derived from nuclear power. Click here to read the full article. Friday I wish everything could be solved by drastically increasing funny money and doling it out. All that does is release more vapors to those trough feeders and corporate entities running on empty. President Obama finds himself surrounded by political and economic hacks and quacks locked into Keynesian theories of economic central planning. Interest rates near zero demonstrate shear desperation. See the failed Japanese experiment. To date, practically nothing of benefit or relief has trickled down to Main Street. Our Congress is incapable of bringing anything forth without oodles of pork, fraud, graft and corruption. You couldn’t find a worse middleman. They hope to influence mass psychology and confidence to get another credit bubble underway. They are at least six months to a year behind the curve, and counting. Who exactly is in a position to borrow and spend? Our entire system is based on debt. U.S. and global citizens are scared witless and for good reason. ------------------------------------------------------------------------------------------------------------------- Social Security and Medicare have never been anything more than government-sanctioned Ponzi schemes. The money you have contributed over the years is not sitting in a segregated account, compounding for your future benefit. What you contribute is simply redistributed to those who are eligible for withdrawals. And with the swollen Baby Boomer generation making its way through the system, those withdrawals have already begun to overwhelm the contributions. Bernie Madoff, anyone? Click here to read the full article. INTERNAL ENDORSEMENT Retirees Now Able to "Milk the System" like the Rich It's not only billionaires who are using the financial crisis to get lucrative "insider deals." Thousands of regular Americans are cashing in on a loophole for collecting $8,881 a month or more, backed by the U.S. Treasury. The next batch of checks is going out on March 27, 2009. Click here to find out how you can get your name on the list. | If you enjoy IDE's daily investing advice, you'll definitely be interested in checking out our sister publication, Early to Rise. 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