Monday, July 25, 2011
Tweet Too Much to Blog!
Posted by Bentnwasted at 7/25/2011
Thursday, June 30, 2011
Economic Musings
It is amusing to watch one of President Obama's speeches and the stock market at the same time on CNBC...one can watch the market fall, as he speaks. The same applies to Fed Chairman Bernanke or Sec Geithner. Obviously the Markets feel these folks are "bad news".
GOLD...it is still the number one commodity to hold. Economic chaos in Europe and the Middle East make it a "safe haven" in lieu of the declining US dollar. There is still, as of today, no verifiable proof to the rumour that over the counter trading of gold and silver will be banned on July 15th under the Dodd-Frank Wall Street Reform Bill.
Debt Limit and riots in the USA are a possibility. Austerity in the USA is not that unrealistic and probably a good idea to reign in the "Socialist Agenda" of the current Administration. After decades, welfare and handout loving Liberals can see the end to their "fleecing of America" and they don't like it. Instead they prefer to Tax, Tax, Tax the job creators of corporations and wealthy individuals to continue the funding of all their socialist programs! No homeless person on the dole ever created one job. Liberals, this TAX THE RICH SCHEME is not going to happen!
Posted by Bentnwasted at 6/30/2011
Monday, June 06, 2011
The Stock Market...Gloom and Doom coming?
The Great US Economic Recovery fades daily. Stocks are down, housing, employment...debt increases. The "Global Economy" is a serious factor in US Markets and daily life. The US can not control the various factions that make up our economy, as they did 50 years ago. The the US drove the world economy...now we are a mere player.
With that in mind, Global Forces need to factor into trading....world events such as war, famine, oil consumption, population growth drive market forces and can't be ignored. (I have always thought this...global tensions more a factor than the
Federal Reserve interest rate hikes, for example). On this basis, "The Virtual Portfolio" has continued to make daily gains and continued the long term goal of a 25% ROI.
Currently, 100% ETF trades, shorting the DOW & S&P, and gold IAU and GLD. As of today, the portfolio is trading much higher compared to the DOW.
Global forces may also spell Gloom & Doom in the coming months...many forecast a "Market Correction"...analysts vary, but 15% to 25% is not unrealistic. alas Capitalism and the Market allows on to make money on a rise or a fall...choose wisely.
Posted by Bentnwasted at 6/06/2011
Monday, May 16, 2011
Obamanomics
"Obamanomics"...I thought I coined this term, but probably not. Our President seems to be clueless in regards to basic Economics. The Administration continues to announce bogus (my opinion) data on oil production, job creation, economic recovery, etc. Not only do many Americans doubt him, many foreign nations also doubt the road America is on, with regards to the World Economy.
Pundits like the 700 Club's Pat Robertson and Conservative Rush Limbaugh, have called the decline of the US Dollar and rise of Gold for months...yet are ridiculed, both in the press and by the talking heads on TV News.
We can barely survive 2 more years of Obamanomics, and certainly can not survive 4 more...until 2016. His policies are destroying the free enterprise and capitalist system of America. It must be stopped at the polls in 2012.
Posted by Bentnwasted at 5/16/2011
Wednesday, May 11, 2011
Obama Administration High Gas Price Solution!
First Obama destroys the market by killing Osama bin Laden...Markets tumble for a week, $Billions are lost...then his Administration releases bogus Oil & Gasoline supply data, that causes Oil and Gasoline prices to dive 4%. Obama will do anything to raise his approval ratings and his re-election prospects.
Obama obviously hates Wall Street and Capitalism. His loves his socialistic dogma and handouts to his minions, "The People". There is doubt as to the truth of such supply claims, in light of Middle East tensions, flooding, earthquakes, OPEC output, drilling bans, etc. Such Market manipulation would get a Wall Street tycoon prison time, but manipulation by POTUS is evidently wonderful. Obama must be defeated in 2012. The United States can not survive him for another four years!
Posted by Bentnwasted at 5/11/2011
Saturday, April 30, 2011
Sell Stocks...100% ETFs
OK, on or about April 24th, I sold out all stocks in the "Virtual Portfolio" and moved to a 100% ETF portfolio. In the last five days of April it gained over $35 Million. CNBC had a ETF Portfolio Advisement page which I used for some ideas...alas 7/10 lost money for the week. Those have all been dumped and replaced with ETFs that gained at least .75% in the last 5 days. One of my main overall goals for the "Virtual Portfolio" is to maintain a 25% ROI for the year. Easily done so far in 2011.
Posted by Bentnwasted at 4/30/2011
Friday, April 22, 2011
All That glitters is not gold...But Also Silver!
Since creating the "Virtual Portfolio" with one billion dollars in assets in September of 2010, it has maintained a 25% return of about $289 Million.
Current Portfolio Allocation
Posted by Bentnwasted at 4/22/2011
Monday, March 14, 2011
Earthquake Financial Apocalypse?
Friday's Japanese earthquakes, tsunami, and nuclear meltdown is obviously a financial apocalypse not only for Japan, but also the world. $100 Billion+ in damages alone. Then there is the human toll...not only are there huge losses of life, but there is also the huge loss of "consumers" in Japan. The economic impact will be here for years. While stock markets around the world are down today, they seem to have taken the disaster fairly well. Middle East violence appears to have a larger impact.
Posted by Bentnwasted at 3/14/2011
Thursday, March 10, 2011
Jump Out of a Perfectly Good Airplane?
Many, if not most investors invest in strong companies that consistently show good management, make great products, and show a strong return on investment. Why, on a day like today, would investors dump those stocks? The entire world decides that everything is "scary" and stocks, commodities, gold, & oil are bad-bad. It's seems as Mr Spock would put it, ILLOGICAL!
Posted by Bentnwasted at 3/10/2011
Monday, March 07, 2011
Liberal Media Destroys the World
Today, the BBC maliciously spread the rumour that Qadaffi was leaving...the said rumour killed the Stock Markets in their tracks...Oil, Gold, and Stocks have all fallen, even though said rumour was 100% false. In addition the BBC Web Site had no links to such a rumour!
Folks, this is irresponsible, Liberal journalism at it's worst, in their lame attempts to be FIRST with the story! Much the same as the media on all major networks reported Congresswoman Gifford dead in the Tucson shooting!
Posted by Bentnwasted at 3/07/2011
Thursday, March 03, 2011
Gold and Silver Miscalculation!
OK, after pondering cash position, of 1/3 of Portfolio value as Cash...I increased stakes in Russian and North Sea oil based companies...however did not decrease holdings in Silver and Gold ETF's...bad idea! Virtual Portfolio is down $500,000 today....Gold and Silver holdings down $5 M...tomorrow is another day!
Posted by Bentnwasted at 3/03/2011
Tuesday, March 01, 2011
Go to Cash!
Dumping shares of stocks by the hundreds of thousands...going to cash, Gold, & Silver! Idiot, market manipulators will be taking profits on Wednesday 3-2-11...screw Qadaffi & Bernanke!
Posted by Bentnwasted at 3/01/2011
Thank God for Commodities!
Stocks falling, but commodities like Gold, silver, and Oil are surging to all time highs. Many are predicting (me) $175 /barrel Oil and $1800 Gold. When this all smacks the average person up the side of his head, it will already be too late!
Posted by Bentnwasted at 3/01/2011
Monday, February 28, 2011
SEO Marketing on Twitter is Bunk!
WOW, only four Tweeters clicked on my "Win $10,000 Instantly" bait link. This explains why I have never made one cent on Affiliate advertising in the 6 years my blogs have been on line!
Does this means no one clicks on any links on any site? My affiliates were always national companies that I use myself, like "Go Daddy" If no one clicks, what is the point? It's almost like selling refrigerators to Eskimos!
Posted by Bentnwasted at 2/28/2011
Sunday, February 27, 2011
WIN $100,000 Instantly (Are You Insane?) No!
Let's see how many gullible Tweeters come and look at this "BAIT"! Really so many Tweeters make all kinds of offers (LIES) to get followers and have their links "clicked"...In 30 years of Marketing, I've never done that. Never lied or exagerated just to get a sale. Instead, I've always associated myself with the best products of their kind, told the truth and offered excellent customer service. This may explain why I never gotten rich.
So if you clicked on my Tweet and thought that was going to get you $100,000...your both insane and wrong!
Posted by Bentnwasted at 2/27/2011
Monday, February 21, 2011
World Chaos....Profits Can Soar!
Capitalism at it's finest...making profits on chaos and human misery! Middle East violence and upheaval raise Oil, Ag Stocks, Gold, and Metals to all time highs!
When the world collapses in 2012, some will be making a profit, right up to the end. You can die poor, or you can die rich...but does it really matter in the end?
Posted by Bentnwasted at 2/21/2011
Wednesday, February 16, 2011
The End of the Middle Class
Today on CNBC, they have announced (in so many words) the end of the middle class! Evidently, since 1978 the average per-capita income of $33,000/yr has remained flat into 2011...in statistics double speak, that is actually a huge degrease! Meanwhile, the upper 1% of income earners has seen a 30% increase in the same time frame! Huh?
Are we all "Wage Slaves" getting the crumbs from the table of the wealthy? Why would reasonable men put up with this crap? Why aren't we rioting like in the Middle East? Are we sheeple?
As I pointed out in a recent Tweet..."Aspire to be rich, not poor!"
Posted by Bentnwasted at 2/16/2011
Friday, February 04, 2011
Do we need a "Global Minimum Wage"?
In 2011, with a Global Economy, I propose a Global Minimum Wage is a necessity, both for economic growth and world peace!
Posted by Bentnwasted at 2/04/2011
Tuesday, January 25, 2011
"State of the Dis-Union"
Just in time for President Obama's speech on jobs and the economy, the Stock Market takes a nice nose dive, jobs and hiring are in decline, commodities and other indicators are down to three month lows...an amazing coincidence? The only area of the Global Economy that seems to shine is Asia. One needs to ask, what are they doing different than Europe and the USA?
Posted by Bentnwasted at 1/25/2011
Thursday, January 20, 2011
Bull Market or Bullshit?
Where is the surge in the Stock Market, predicted by some after the November election and Republican majority in Congress? Where is the bull market & economic recovery touted by Economists the last six months?
Housing is still in the tank, with another significant downturn looming. Jobs are week or non-existent. The global industrial countries credit market is in debt to it's eyebrows. Gas prices are rising, but oil stocks are falling. I don't see it, my "Virtual Fund" doesn't see it, no one sees it because it isn't happening! I guess it's all just bullshit!
Posted by Bentnwasted at 1/20/2011