Selling Short is Good

OK, one week after going 100% short, I am up $10,000.  No wonder brokers are rich bastards...they make money on a up market and a down market by the bushel basket full.

My next experiment......shorting the dollar.

100% Short.........an Experiment in Doom!

OK, last Friday, I dumped all my stocks, gold, etc. and went 100% into shorting the market with DXD.  Monday and Tuesday I lost a total of $6,000.  Today I am up $600.

Since a variety of market forcasters are predicting a "Correction" of between 15% to as much as 50% by May, I think, I'll stick to shorting the market for a week or so and see the results.

My portfolio after the last MSNBC Stock contest was $50,000 in January 2008.......today it is $123,000!  Must be doing something right.

"Yikes....I am shorting the Market"

OK, I dumped what was left of my MasterCard stock and shorted the market another $6000.

My "short" postion is now $95,000................I am betting on negative reaction to Obama's State of the Union Speech.......a 5% to 10% drop? Hey, it worked for me last week!

"Short the Market"

OK, I sold $70,000 worth of commodities & stocks......then shorted the market with DXD shares!  We'll see how that works.

I dumped all bank stocks back in November.  Folks we are facing yet another crisis brought on by the same people who helped cause the first one....greedy bankers and traders!  Why would they want to destroy the very system that makes their huge profits for some short term gains?

What would Jesus do?

Down Market as Dems Bail!

The market is down today as much as 200 points as Democratic investors bail from their inside trading healthcare stocks, knowing that their cash cow will never pass!  Oh no, a conservative wins!  Polosi and Reed are running in fear for the November election.  It's the conservative backlash , baby!

Foreign Markets Show Gains

A nice gain today on european markets, both in stocks and commodities.  Up about 1%
Don't whine about the cost of gasoline...buy oil stocks instead!

Gold is up!

Top Percentage Gainers:

ETF CE TRADE Financial 5.2%
S Sprint Nextel Corp 3.5%
VLO Valero Energy Corp 2.7%

Portfolio is down 5%..........did Obama speak?  I maintain that commodities will continue to be strong, particularly agriculture.

Market Vectors Agribusiness:  MOO +82.44%

PowerShares DB Commodity Index Tracking Fund:  DBC +12.9%

Market is almost back to normal !

OK, one day of positive growth in the market and I have almost all my losses for December back!  No real postive signs the economy is booming, if anything most signs are negative.  Ten years for jobs to recover?  What are people to do?

2010 A New year for Investment?

A week ago I started "shorting the market" with $8000 worth of DXD,  PowerShares DB Commodity Index Tracking Fund, an ETF.  So far, so good......except for today of course, no big deal.

I have maintained a strong presence in commodities...agriculture futures, gold, oil, and natural gas!  With the terrorism increase (real or imagined) I have a fairly strong stock level in various defense stocks and funds.  I believe that 2010 will be the year that premptive strikes against Iranian nuke sites will take place, by israel or in partnership with the United States.

I'll continue to believe that gold and oil will be strong, the dollar weak, and war is looming on the horizon.

Stock Market Has a Small Gain!

Twenty odd point increase may not seem like much, but I gained back all I lost yesterday! I traded about 40% of GOLD postion for Natural Gas!

I love commodities.

Finally got a commision for some Web work, designing some web marketing materials for a "Sports Bar".

I am working on a "Twitter" page, Web page, slogans, advertising, etc. My creative juices are flowing again.

It is fun to get "back in the saddle"! It' almost feels like a "job"...........LOL

Obama Speaks, Market Falls!

The best thing that could happen for the stock market is for President Obama to never give another speech!

Every speech causes negative reaction on the stock market. Since Wednesday 10/2/09, my portfolio has fallen 10% on his "Job's Speech". Thanks Mr Obama!

Jobs data released today appears in error and subject to retraction. I think it should have been 140,000, not 14,000.

President Obama, pick and issue and complete it, move on to the next one........don't do a half-ass job on multiple issues at once!

One of my favorite commercials!

Happy Thanksgiving