8/28/2004

After years and years of scanning the employment opportunities ads for the one that will say, "Lay Around and Make Big Money" I finally fell into one and until the Feds walk in and bust us I will be working and not blogging.

MARKETS A lesson on how fucking awful everyone on Wall Street is when handling client money can be observed by looking at a Krispy Kream Doughnut chart. The clearest of sell signals occurred in late June of 02 and you should have hit the road. IBD named KKD one of their Hot 100's back in 2000 and gave a clear buy signal a month or so later. The stock climbed $25 til the sell signal.

Why would a brokerage firm or broker not get you out way back then? Fear. Anybody getting hit at this late date is just out to lunch. Again, IBD is the only place to go for both education and information about stocks.

In general the market is very nervous. This may be because all the political partisans are scared shitless and are cancelling each other out by playing it safe. As I noted here before, people who are for Bush feel he's going to lose and people for Kerry feel Kerry is going to lose. Not a confident market. Don't fuck with it during the week before Labor Day and unless your ducks are ALL in a row be sure you miss the chance to go long or short. There is always a next time. And remember: volume, volume, volume; when there ain't none you got zilch.

Politics I know what you know. The Swiftie's ads have been dynamite and the latest book to attract attention is called Stolen Valor (actually an old book for researchers til now) that details everyone's medals in Vietnam hangs Kerry even further out to dry. Let's be honest here: Kerry is not a coward. He did not run from the sound of the gun, but instead got just near enough to feather his own nest with embellished reports of his own bravery and obviously faked his first Purple Heart. If you've had a chance to see those boring TV ads featuring movie stars for Kerry, you will realize how effective the "truth told well" can be. Keep in mind there is a distinction between truth and fact. I have been in Ohio for a few days and let me tell you people are very disappointed with Kerry; disappointed as opposed to angry. Let's all see how this plays out.

Bye bye and thanks for reading me these past couple of years.

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