Category Archives: federal reserve

Doom and gloom

What does the word gloom mean anyways. Sounds like fun to me. Gloom sounds like glow or glee. Anyways The stock market went bunji jumping this week. I didn’t buy on Monday as the’re was no good news. I didn’t buy on Tuesday because that wasn’t any better. I bought on Wednesday and by evening I was doing well. On Thursday I was kicking myself. Now today, Friday I am still kicking myself. I decided to buy on Wednesday while the two financial heads of the whole country were in a rare occasion together testifying before congress, causing everyone to run for them there hills. I failed to keep up to date on current events. If I knew those two were going to be speaking I would have waited until Thursday or even next week.

Other than Heckle and Jekyl speaking before Congress, the writers at Bloomberg used their influence to cloud men’s minds. One hour they said the housing market is down. Then the housing market eh, not so bad. Then its terrible. Then is great. I couldn’t make heads or tails of it. Bloomberg has to do better as one of the favored sources for financial news.

At the end of the day, I have no one to blame. I should have known Geitner and Bernanke would be speaking. I stepped out of my energy comfort zone this week and played with: CHLN, IOT, PEIX, ROIAK, VVTV. A mix of advertising, energy and housing(in China). Next week if things turn around I have a strong interest in GLGL and FCEL. The former is a producer of a natural sweetener that diabetics can use, the latter a Connecticut maker of fuel cells that run on gas(tre cool).

There is still some lucrative news. Israel has determined they can strike Iran without much blowback. I paid $4.05 for gas yesterday so I will probably revisit my domestic oil drilling companies WRES, GBR and PSTR. With sanctions getting tighter and the dogs of war rabidly foaming at the mouth, domestic fuel producers will get a lot of interest. See you at the crap table.

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Petit doomsday

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 ┬áto 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.

http://bloom.bg/zdOlcO#ooid=huY3VtMzppbeKWhQRafFRiJnrU0xB-e2