9/02/2005

Markets Making money off the disaster.....don't even try. Here's my tale when Cherynobel blew. I quickly looked up Kiev in an encyclopedia and discovered that the area was THE pig producing area in the Soviet Union. So I immediately went long live hogs figuring that the Russians would have to buy uncontaminated pork. Smart, but dumb. I never figured that the Commies in the Kremlin would hide the fact that they had radioactive pork from their own people. They did, dumped cancer guaranteed pork on their own people, and I had to bail.

Playing any disaster in order to make money is fraught with unknowns and God will punish you for sure if you try.

A word about the only real stock show on TV: Mad Money with Jim Cramer on CNBC at 3PM Pacific. This guy is the best. He really tells it like it is, especially for the smaller investor. Do not use him as a tout, because investing while ignorant is the worst thing you can do. But he advised last night to use IBD's New America, exactly what I've been telling you for over a year. Only in the new companies with new product and no competition can you hope to make real money. I urge you to watch him every night for a couple of weeks (come on, FOX is a waste of time) and see what it takes to be a pro. He also says that the Wall Street Journal won't make you any money ever, something I've been telling you for a year also.

If you want to invest and make money, use IBD, O'Niel's instructions, O'Niel's books are the only tools you will need to get rich in the stock market. But it takes work, and if you just want to gaze at the tube and let somebody tell you when to buy and when to sell you will lose your ass.

Do not fixate on Katrina, New Orleans, Bush, corruption in the south etc. those things will not make you any money......