Markets and EconomyMY STOCKS ARE FINE

Despite the breakdown my TWO stocks are just fine and have gained this week. Why? I am a follower of William O'Neil and I select only really good stocks. I'm a small investor and with less than $50,000 you have no business being in more than three stocks. If you have been stopped out you should have been looking at others and be ready to buy on a buy signal. You should also have been stopped out with big big profits.

This bull ain't over by a long shot. We have had a huge summer rally and people will take profits. The oil scare is total bullshit. OPEC cut production to exactly match Iraq production. OPEC has lost market share over the past decade and now has only 28% of the production; non OPEC countries produce the other 72%. Lower prices are coming now with Iraq production topping a million bpd by February and 3 to 5 million by 2005.

The currency is another situation. If you will check, only the Japanese yen has risen and they were the target of the "float". The real target is China and "be careful, you might get what you wished for" is the real scare here. Any SUDDEN change is not good.

The deficit will be a problem starting in '05 but how much growth will happen because of the boom is still unknown. Factory jobs? Not coming back. Dems are now for a 27% tariff on Chinese goods which is exactly what caused the Great Depression. China will respond by flooding the world with goods produced at the lowest cost in the history of the planet. They will steal our software, our programming, and all our itellectual property. This is an insane idea.