Today the Federal Reserve chairman opened his mouth and threw a fly in the ointment. Come on, even gold lost value. Gold is the doomsday, fear-mongers’ favorite thing to buy. The more people are scared the more money they make on gold. I cant afford gold shares so I’m more of a gas shortage fear-monger. Even though the CIA has said Iran is not developing nuclear weapons, the media keeps saying that they are. Who listens to politicians anyway, unless they’ve been caught in some kinda scandal. I digress.
My picks earlier this week all flopped, I lost a good hunk a change but, I expect fear of Iran and the heightening of travel to bring me to where I want to be. I learned a lot this week. Gained some gray hairs, but I’m sticking to my guns and riding the wave. I’m down now, but tomorrow is another day.
As I said yesterday housing is going to rebound. Not for the regular guy but for the banks, developers and property managers. There was an article on MSN condemning Zillow.com. I see that as counter intelligence to discourage the regualr guy from grabbing up the cheap houses on the market. There’s nothing wring with Zillow or Trulia, but someone got paid to say so, and of course the comment trolls and mercenaries followed in kind. LOAN lost $0.03 since my suggestion. PSTR and WRES both involved in crude and NG exploration fell almost $0.25 each. So I’m riding the wave until the news of high gas prices comes back around. Misery loves company so though I am disappointed in my pics, I wasn’t the only one who got soaked. Most people were too distracted by the Oscars this week and whatever else was going on TMZ/Extra to be afraid of gas prices.
I’m going to see if this video from Bloomberg will embed. If it does see below……………didn’t work so just clack the link below.