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Showing posts with label bank of america. Show all posts
Showing posts with label bank of america. Show all posts

Wednesday, November 4, 2015

To Raise or Not To Raise? That My Bonehead's is the question....

Well once again our fearless Federal Reserve Leader Janet Yellen or as I like to call her Old Yellen (https://en.wikipedia.org/wiki/Janet_Yellen) has once again done absolutely nothing today but put the fear of loss in the market again. This shit is getting old and for Bonehead Investors like you continues to screw you and your potential earnings in this market. Why you ask?

Ever time Old Yellen has either gone to the FRB or the HFS (look them up here if you don't know your shit - http://www.federalreserve.gov/http://financialservices.house.gov/) she continues to spew pointless and vague  useless facts that either the USA economy has been improving and or some other shit like unemployment is down so the Fed may and yes the magic word is may raise rates sometime in the future. The immediate chain reaction is the market flips the hell out and equities fall, like the did today (http://www.reuters.com/article/2015/11/04/us-usa-fed-yellen-idUSKCN0ST22V20151104#MgSrGfq6VAg6Uy5T.97).

Bonehead's don't listen to the noise of this useless leader. Old Yellen and her band of Committee Members continue to pontificate on this market and each and every time they meet and continue to spout off crap that never ever comes to fruition. As a Bonehead we can't continue to be held hostage by words and more importantly lies to the American public. We continue to hear that employment is improving, bullshit (http://fortune.com/2015/02/04/unemployment-rate-gallup/). Manufacturing inventories are improving, more bullshit (http://www.census.gov/manufacturing/m3/index.html). How can any person without a PHD understand how to invest in this market? You can't! That is why Bonehead's stick to what they know. Companies that make real products that people use and services that people want,

This is a scary ass time for the US Stock Market  and  I am constantly worried will crash like hell..But don't fear Bonehead's. We can't listen to the noise of the talking heads, the liars, cheats and the most evil of all brokers and financial advisers! Bonehead's stick to what you know. If you don't know what is valuable to you in  a company then do not invest in this market. Stick to cash or something easy like a CD that pays a very low interest rate. I always tell investors I would rather make 1% on my money than lose 25% in this crazy ass stock market. If you believe in a company, know that it has great value and produces products and services that people want - then be fearless in your investing!

Things that I am digging now - https://www.etsy.com/listing/233209304/personalized-american-oak-aging-barrel?ref=listing-shop-header-1



Sunday, November 7, 2010

A $900 Billion Shit Sandwhich for the United States Taxpayers...

As I sit outside in lovely Atlanta I have a cold streak running down my spine. Our Federal Reserve has decided and not unanimously to bail out our economy once again with a repurchase of $900 billion of treasuries. Wow, ain't that nice. So who will benefit from this move?

It is pretty easy to see that this is just yet another shame move by our government to bail out the "to big to fail" banks. Let's start with the easy banks who will benefit first, Bank of America, JP Morgan Chase and Wells Fargo. Clearly B of A is the leader of the pact with a disastrous balance sheet that really should be called a comic book. B of A has good will write offs of well over $2.8 billion dollars and a stock falling faster than a speeding rocket. B of A is screaming "help again" to the Fed's....And the Fed's have heard the screams for help...Welcome QE2

With the approval of QE2 we now have a stock market on fire (thanks to computer trades) and a dollar sinking like the Titanic. Let's not forget that we are also pissing of the Chinese and Brazil with QE2. More excitment to help with this coming US economic disaster. We have taken the first step on the slippery slope and the next step looks like the creation of an avalanche. The US consumer is tapped out, unemployment is well of 20% and job creation in the US is non existent. So how does this story of QE2 play out?

We will see a bounce in the markets through the end of 2010 on computer trades and institutional trades. We will continue to see dismal dollar investing into 401k's by those that do have jobs due to fear of the markets and not being able to pay rent or mortgage. We will bypass inflation and head straight to deflation and then and only then will the Fed's state they are "out of bullets" and we do what should have been done long ago, let the capital markets work out events on their own....

I am out of the market now going majority cash and some gold. Other than that the rest of this market looks like the making of a huge shit sandwich that we the US tax payers will have to bail out...Good luck...

Tuesday, March 16, 2010

Where you been? They ask....


Hi Folks -

Sorry for the sabbatical. I had a lot of new events happen that took me away from investing. Getting married and honeymooning in Bora Bora is one of the events!

Anyway I am back with lot's of thoughts this month. First, let's look at the financial sector. With the Dodd Bill (http://www.politico.com/blogs/thecrypt/0908/Dodd_bill_much_more_aggressive_than_Treasury_plan.html), banks will be loving life. But it has to be the right banks. My call on this play is that banks like Citi, B of A, Wells Fargo and BB&T will do well. Why? The bill will protect these banks from financial losses in the consumer and commercial real estate market. Special legislation will protect this "institutes" from failure. After all without lending how do you expect jobs to be created? And we need jobs today (http://www.bls.gov/news.release/empsit.nr0.htm).

Unemployment also makes me think about some of the consumer stocks that could be set up to take a beating. First, and I can't believe I am saying this but I see Apple taking a huge hit on the chin over the next few months. I am not sold on the apple iPad (http://www.apple.com/ipad/) at all. I believe that Apple is telegraphing to us that they are running out of great products to support the $223.00 stock price (http://finance.yahoo.com/q?s=aapl). I think now is the time to short Apple. Sorry Apple...

Another interesting play that I am fully invested in are the following stocks - McDonald's, Yum Brands!, Altria. WalMart, Exxon and Republic Services. Why these stocks you ask? McDonald's and Yum Brands!, good food cheap....Altria, stress of losing that job......WalMart, crappy products sold dirt cheap, Exxon, we still need gas for now and Republic Services, we in the USA no matter how many jobs we lose we still make more trash then any other country in the world.......I have all of these stocks as a strong buy.

I see the USA going through some trouble times. We lost over 9 million jobs and they will not be replaced.....Something has got to give....Good luck out there.

Sunday, May 25, 2008

Bull or Bear Market? What say ye?



I quick write up for the masses. Are we in the midst of a bear or bull market? I am including a graph for you to help make up your minds. One thought to remember before you let me know, humans have an extra ordinary skill of making really bad decisions because of emotions.

Read the data and let me know which camp you are in, bull or bear.