I am really getting fed up with this idea that I am going to have to subsidize someone’s mortgage. Why should I be forced to help defray the cost of someone elses property that is more expensive than mine? Let the normal market conditions correct itself without Government interference. It is absolutely not right that we should prop up the prices...

The Oracle Warren Buffett told his shareholders Saturday that 2008 was the company’s worst year on record, as the per share value of both the Class A and Class B stock fell 9.6%. In his annual letter, Buffett said neither he nor Charlie Munger, his partner in running Berkshire, can predict winning and losing years in advance, and that no one...

I thought I would post something to make everyone smile after this terrible week in the markets! Enjoy this Obama Parody from Paul Shanklin. So are the markets anti Obama? Obama “I’ll Bring It Down click here

Breaking news. GE is cutting it’s dividend from .31 to .10 saving the company 9 billion beginning with Q3. GE continues to preserve capital. 9 BILLION Dollars in savings for GE means 9 BILLION Dollars not going in peoples/investors pockets. Vicious cycle. “We recognize the importance of the dividend to our shareholders and the significance...

To my trader friends! Get everyone you know to sign this Petition, our way of life is totally being threatened. There has been 36,698 Letters and Emails sent so far. Here is the link, please sign

I personally think most Americans don’t have a clue as to what’s going on. We’re in BIG trouble. This is worse than the Great Depression. The reason why is because of the government’s involvement. They keep making the situation much worse and the more money government throws at this recession, the longer and deeper the depression...

The S&P has broke the 740 level as I expected. We are currently trading at 735 on the S&P. The market has been flagging and it is very bearish sign for the past few weeks now. Just be careful trading in this range. There will be continued whipsawing for the foreseeable future. “With no positive quarter on the horizon, we are smack dam...

This morning futures are pointing lower. Is today the day we take out the 741 level on the S&P? I say yes! Gold is up $12 to 954. I look for a nice close today in the shiny metal. Remember it is Friday and what has Gold done every Friday the past month? Closed higher going into the weekend. The big news of the morning is Citi to Exchange Preferred...

Today’s powerful move north in Crude Oil continued after the New York close, and is partially responsible for sparking a rally in Gold and Silver prices after their bottoms today (recent declines in Gold and Silver prices were due to profit taking on its recent bull market leg up). I am looking for these strong up trends in Crude Oil, Gold, and...

Dell Inc. (DELL) reported a fiscal fourth-quarter profit of $351 million, or 18 cents a share, on revenue of $13.4 billion. This is quite a big miss considering the analysts had downgraded expectations substantially after H-P’s results. $16B revenue and they were only able to put $679M in their pockets. Talk about looming cost structure slashing....

Yamana Gold (AUY) is gradually climbing north to $8.74 up 5.17%. I made some calls and the scuttlebutt (consensus) is that as we approach the March 4th release of their Q4 2008 results the whisper number is getting out. Yamana should beat the number by 3-5 cents and will benifit largely because of the extremely lower energy cost. Also Interest in Yamana...

My answer is Yes, Ford is in a (you may wish to call it lucky) position considering their debt but take a look at their 2010 car and truck lineup. Ford has substantially more desirable vehicles coming out and I haven’t seen really anything big from GM and Chrysler. Ford seems to be the most progressive of the three from their innovative offspring...

Here is a stock that is poised to breakout upward. Akamai Technologies (AKAM) is up today another 2% and is gaining momentum. This stock has also got the attention of Adam Hewison. Checkout this short video as he explains the chart set up and why (AKAM) is headed higher! (AKAM) chart set up video here

General Motors (GM) said their fourth-quarter net loss widened to $9.6 billion, or $15.71 a share, from a loss of $1.5 billion, or $2.70 a share, in the year-ago period. (GM) is betting their viability on the Chevy Volt since their cash cow, the SUV’s are not selling anymore. “(GM) anticipates receiving a “going concern” opinion...

Gold’s technical resistance at the $1000 number is not to be taken lightly. Hedge funds have bought into Gold’s current uptrend and they could severely drive down Gold’s price if they all decided to dump at once. Ok, Folks, that is not going to happen. “Gold’s Glitter is Genuine” and I think we are simply under some profit taking...