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POPSHave the Rules Changed? No, the rules haven't changed. I think greed is extreme at the tops, and pessimism is extreme near the bottoms. There always seems to be a consensus that the rules have changed or that this time it's different at those extremes. Rarely if ever is that the case, though.
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POPSSteven Chu Surprised to Learn He's in Charge of Oil Policy Yikes. As Obama focuses on things other than energy, notice gasoline prices inching higher. How long until they're back over $4? Better get building nuclear power plants and converting the federal vehicle fleet to use natural gas, Mr. President. Sure, you can talk about windmills and solar panels out on your speaking stops. But lets make sure that we're doing something serious about our energy needs, okay?
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POPSCalifornia Approves Budget; Taxes Going Up What happens in CA, is that every few year we have a budget crisis that demands that taxes be hiked. Then the money isn't uses for one-time expenses. The money is used for new programs. The new programs grow at a rate faster than CPI plus economic growth. Thus, the state is soon in a "structural deficit." Politicians then raise taxes. Lather. Rinse. Repeat. And that's why the sales tax is now pushing 10-cents and the income taxes are rising to close to 10% for the middle class. Nevada, anyone?
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POPSApple Snapping up Memory for new iPhone? Seems to make sense. Some of the new phones are offering some stuff that is quite more powerful than the current 3G iphone. Of course, ease of use isn't one of those "stuffs." Will they include cut and paste?
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POPSGlobal Warming - The Law of Doomsaying A fantastic column from George Will on they latest doom-and-gloom from the global warming crowd. Of course, they're losing a bit of steam lately. Literally! I was pleased to learn that there will be close to 100 scientists at the upcoming global warming conference who aren't afraid to speak up against the hysteria.
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POPSUS Senate Unveils Stimulus Deal It'll be interesting to see how everything breaks down once the vote happens. Kerry said 42% of the bill is tax cuts. But in what form? To whom?
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POPSECRI: No End in Sight to Recession Wow! Cheerful! We're at the point where everything is bad. Nobody believes in the future. Feels horrible, though. And for states and local governments, it's just starting because of the lag time involved with collecting tax revenues. If anyone had the guts to be a contrarian and swim against the tide, it would seem that the time is at hand.
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POPSGovt. Tries to Stop Foreclosures It's a crazy world we live in. All because folks who couldn't afford homes were able to buy homes and bid the prices up due to funky loan schemes. CRAZY in retrospect, eh?
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POPSEnergy: We're Still Vulnerable Indeed. We need more nuclear power plants. We need to begin NOW because of the time it takes to build them. Solar and wind are just a fantasy and can't provide enough reliable power.
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POPSIBD Rips Pelosi's Stimulus Package This is the conservative Investors Business Daily. And we need something other than checks in the mail. But read their proposed ideas of opening ANWR and building nuclear power plants. I agree 100%. Energy has faded from the front page for now, but it will be back. And will we be better prepared then?
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POPSStock Market Follow Through Day An Investors Business Daily follow-through day. Not all follow through days lead to bull markets, but all bull markets begin with a follow through day. Or so they say!
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POPSGary Kaltbaum Buys Stocks Gary Kaltbaum sold prior to the bear market, and also called the bear market in commodities. Calling for a bear market rally here.
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POPSDogs of the DOW A forgotten strategy in recent years. Worth a look? I don't know. But this is a good site that tracks the Dogs of the DOW and is frequently updated. One interesting note is the favorable season D.O.D. strategy. Own the 5 small Dogs from October-April, and the 5 Utility Dogs from April-October.
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