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Gov’t & Utilities Archive

Obama Admin. Rubbish of the Day: President now says wounded Vets need to pay for their own care

President now says wounded Vets need to pay for their own care: http://bit.ly/xT2RM Seriously. Who did we just elect?

Source: news.yahoo.com
The leader of the nation’s largest veterans organization says he is “deeply disappointed and concerned” after a meeting with President Obama today to discuss a proposal to force …

Street team covering the NYC Tea Party. couldn’t wait for Rick Santelli

Cut our first street interviews video for FINZ.tv this week!  Trying to branch out with various types of trading, markets, and economic related videos so here’s our first attempt at getting out there and taking the pulse of the public for some opinions away from the trading desk. Because as we all should know, opinions and emotions should be kept out of trading since the market is always right.  But alas, we are still people, with thoughts, and citizens of this great country and should/do care about the way our country is run.  I mean, we ARE a democracy, aren’t we? (though that definition seems to be fading by the day). So check out the video… Street Team: Coverage-Chicago Tea Party with Rick Santelli? How about a NYC Tea Party.

P.s. thanks to NYC Tea Party Kellen Guida (@parcbench on twitter) as well as interviews with rally attendees Elizabeth Yannone and Steven E. Eiselen.

Oh, and, spur of the moment, I decided to head out to NYC tonight! Taking the redeye out of Long Beach airport, getting to NYC friday morning so I could be at the CNBC Fast Money/Optionmonster Tweetup for the Friday broadcast of Fast Money at the NASDAQ market site in Times Square.  Please email me or message me on twitter if you’re free and in the NYC area!  I’ll be in NYC Friday till Sunday and would love to get together.

And if you have any questions for the Fast Money traders, or any ideas for videos we could do for FINZ, let me know too! Even if you can’t be there, we’ll try to get stuff across for ya!

CNBC’s Rick Santelli leads the trader mortgage revolt. Join his “Chicago Tea Party?”

n68704930659_3935 Vote “YES” on this CNBC poll: http://www.cnbc.com/id/29283701

Then sign up for the Tea Party on Facebook: http://www.facebook.com/home.php#/event.php?eid=68704930659&ref=mf

I’ll be going to the Santelli’s Chicago Tea Party- Will you? Hit me up on twitter if you are!  We owe it to our fellow citizens.

Don’t do it Timmy Geithner! Don’t do it!

If our largest debt holder (China) is concerned with our country’s solvency, how concerned should we be? (Bloomberg: China Needs U.S. Guarantees for Treasury Bond Holdings, Yu Says)  Yes the financial crisis has carried on for a while, we’ve heard speech after speech and testimony after testimony by Bernanke and Paulson. And everytime someone opened their mouth, the market got nuked.  But today’s market implosion before Timmy Geithner even got up to the stand felt just a notch more pessimistic.  The chatter. The fact even the media didn’t try (or finally couldn’t) help Geithner come up with a “hopeful” scenario and try to cheerlead the market higher.  LiBOR (London Interbank Offered Rates) ticked higher, showing more fear and the continued seizure of the credit markets.  Even if credit markets thawed a bit, less and less people have the means to buy a home.  Heck, even those renting might have to move back home if they continue to struggle finding a job.  I appreciate the Pres. Obie and Timmy G. trying a PR “change” and telling the truth about how bad it is (vs. the Bush/Paulson team of saying, just give us more money and we’ll fix it).  Telling how bad it is is one thing, but leaders show fear and say upfront that they don’t know what they’re doing is not the honesty we need. It’s time to show some real leadership Obie. It’s not a campaign anymore.  This is for real.  The world, not just our country, is collapsing.  Obie and Timmy G.:  either step up or, if you don’t think you have all the skills to handle it, step down. No one will think less of you for it. It’s too big of a task for any one man.  Don’t let pride (not being able to admit it’s too tough for you and that someone else may do better) be the reason the world implodes…and we’re imploding.  Still being concerned with the sideshow of corporate Jets and remodeled offices tells me you DON’T know how bad it is out there.  With unemployment this high and problems piling up everyday, social unrest about to rear it’s ugly head.  Corporate jets and remodeled bathrooms will be the last thing you’d think of by then.

p.s. like I said on twitter, round up a bunch of people like the Manhattan Project for the A-Bomb, and throw these people in the desert till they figure out a plan.

**FINZ.tv Trading Media & Entertainment, the new site I’m producing with my partner TraderAlamo, will launch videos this sunday.  Until then, read our “POSSE Traders Journal” blog along with other FINZ.tv POSSE: BHBGroupTrader, Chris Nelder, Daytrend, James Falvo, Jeffrey McLarty, Alamo, and Myself. **

And thanks to my trading mentor and friend Quint for this video when the trading days get to wild. Only trading nerds would’ve known about this video fo’ sho:

Guest Post: TraderAlamo’s “OBAMA. Obama Backs All Manufacturers in America.” from FINZ.tv’s Blog

** I’m headed back to Utah for more medical tests this week. My partner in FINZ.tv, TraderAlamo, has stepped in for me with this great analysis of Obama infrastructure plays. TraderAlamo’s pick is Mexican cement-maker Cemex (CX), and he lays out a strategy for trading Cemex based on current technical conditions of the stock.  Welcome TraderAlamo! Follow him on Twitter! And be sure to sign up for the premier of FINZ.tv!

SCUBA. Self Contained Underwater Breathing Apparatus.

SNAFU, in military terms, simply meant situation normal, but American GI’s during World War II referred to SNAFU as Situation Normal All Fouled Up (I’ve cleaned up the word ‘foul’ a bit) to mock the U.S. Army’s penchant for acronyms. The trading community has always latched on to these acronyms as investing themes to identify hot sectors. BRIC, Brazil-Russia-India-China, was the dominant acronym prior to the slow-mo crash of ’09. In the absence of ANY monolithic trading themes, as the trend was simply DOWN, there has been a subtle theme to the rally in equities from the October panic lows.

OBAMA. Obama Backs All Manufacturers in America. The simple reasoning is the new President-elect’s potential creation of jobs via attention to the deteriorating U.S. infrastructure. (Aside: The boom of the 1920’s was the greatest building effort since that of Emperor Flavian’s Rule during the Roman Empire, and it was easily the most ambitious ever.) Sounds like I’m building to some fundamental thesis on where to invest, right? Wrong! This will only tell us what stocks to look at as trading vehicles. The fruition of this plan is not important to a trader, nor is its failure. What we are playing is the perception that traders will gravitate to the names that they feel may have some visibility going forward. The list of names to play include: CAT, JEC, TEX(think highways), SGR, FWLT, TXI, FLR, ACM(think overpass and bridge repair), X, CLF. Beyond these names would be cement, aggregate material or any company that could conceivably be contracted to repair, upgrade or construct any aspect of our infrastructure from roads to energy to electricity grids. Oddly enough, one name that could be flying under the radar as a beneficiary to OBAMA resides in our neighbor to the south, Mexico.

Cemex (CX) stealth Obama Play

Cemex (CX) stealth Obama Play

Cemex (CX) currently has an attractive daily pattern, and, with the world of cement manufacturers having merged dramatically, there are few pure cement plays. In all likelihood, we will not be able to produce all the cement for our infrastructure needs, and CX sits firmly positioned to benefit. We wanted to highlight this play on Thursday before Friday’s move as the intraday charts were perfectly aligned, but we were concerned about recommending names in a light volume environment. Notice the high volume reversal from early October then a retest that triggered a Grail buy signal (fancy name for a rare buy indicator). On Friday Cemex broke higher from a bullish flag(highlighted by blue line segments), but we are still concerned about volume as it decreased since the breakout. Also take note of the 50 day SMA as it has now turned up. With the market at an extreme overbought reading we remain cautiously bullish. This market would not be easy to play if it works higher from here because we would have to reach a bit for certain names. Ms. Market, however, loves to travel the path of maximum pain, so we would still be ready to attack longs via confirmed INTRADAY patterns. CX could potentially be headed to the 12-14 area to approach resistance if the market were to march higher from here. If the market were to pullback on lighter volume, we would look to the nature of the selling in CX to see if volume increased. A lighter volume pullback towards the 50 SMA would offer up a chance to enter a low risk high reward trade for the market’s newest acronym: OBAMA.

** For infrastructure sector analysis from the point of view of an engineer, read our own Jeffrey Lin‘s old post: “Subprime” NOT the headline from Honeywell’s quarter – Part 2: Strength in Energy, Construction, and Infrastructure
** Remember certain details of Jeffrey’s analysis have changed as the market deteriorated significantly since the time of the post. This is for reference only in order to obtain a general understanding of the sector.

Don’t forget to sign up for the Premier of FINZ.tv!

** Disclosure: no positions in the stocks mentioned as of 01/05/09, but positions may be taken as trades **