Dow Still Too High

Clearly the stock market is now a rich, gambling man's game. No longer is the regular guy involved. While this is certainly dismaying, those of us still along for the ride needn't worry. The DJIA et al. will yo-yo like crazy but will always go back up. Those rich day-traders always will gamble (with our money). If you have time to wait (always 2-5 year cycles) just relax and collect distributions. The Dow still hasn't dipped to 10500, where it belongs. Let it bleed. Don't worry, be happy.
Altria is still my favorite stock. Habits don't break and can even increase in hard times. That makes dividends increase.
American Funds are still my favorite mutuals, long term. They use a team approach.
Russia is still my favorite ETF country. They play no one's games but their's and are resource loaded.
Gold is my favorite thing to short at $2500/oz. For well you know that it's a fool who plays it cool by making his world a little golder.
Final assessment of current market gambling: It is still a better chance than slot machines. You may only lose 1/2 of your money instead of all of it. I might currently recommend blackjack over the stock market, especially single-deck. Craps is definitely favored over stocks if one knows the game. In short, the stock market (specifically growth with no distributions) is now casino gambling, a middle class addiction possibly (but not winnable). 

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Can you believe, Ezine didn't like this one? Mr. Grammar Person dislikes

Stock Market Volatility My Butt By: JW Article ID: 6489206 Article Submitted: August 13, 2011 Category: Finance:Personal-Finance Article Word Count: 670 Article In Problem Status Sorry, your article contains grammar, spelling, punctuation, or sentence structure errors. Your article does not contain appropriate paragraph breaks Yeah, blah blah blah-most of my articles go to PROBLEM STATUS   Commandment: In all facets people must be manipulated by greed and/or fear. Allrighty then, Monday Aug. 8, 2011, DJIA -634 Tuesday Aug. 9, 2011, DJIA +429 Wednesday, Aug. 10, 2011, DJIA -519 Thursday, Aug. 11, 2011, DJIA +422 and I can therefor afford to play golf. Lousily, but that's not this story. So duh,what's up? Day trading billionaires, that's what. Monday short, then long, then short, then long. Get it? There oughta be a law. But the regulators (if there were any conscious) are in someone's pockets aren't they? What's so hard about common sense? I have no problem with guys selling short, long, or keeping all their money in $30000 per ounce gold. But if someone sells short they shouldn't be able to turn around the next day and go long. Regulators, asleep at the switch, need to institute laws whereby these privileged day traders have to hold their position for 30 days. Then they could get hurt instead of just hurting the general public. It just breaks my heart to watch these money hungry boogers dissolve the middle class before our eyes. And they are blatant and getting away with it. Look, they are never going to get me. I'm untouchable. I control my lifestyle and can live on 10K a year. I will always be debt free (the average family debt is in the area of 200K, look it up). But I am eternally worried that we will wind up with a 2 class society-haves and have not's. I will be on the outside but I will be crying. It's NOT ABOUT ME. It's about capitalism giving everyone a chance. That's the way it's supposed to be. Tell me why 8 billion bucks isn't enough. Tell me why someone needs 9 billion instead. So, this day trading for the rich makes me puke, because if you have a lousy half mil. you are paralyzed and just riding the yoyo up and down. The way it's working now, insider trading might as well be legal if this day trading sure-thing gambling is legal. (Well insiding is for Somebodies. If Somebodies get caught it is a hand slap if Mr. Media doesn't get rough.) Look, here's an example of what the normal guy can do: in 2008, when the market was going up and down 1000 points per day, I bet 8K on the S&P short one day. I made a lousy $800. Do most of you have a lousy 8K to do that with? No. So most of us do not have access to this daily up and down drivel. We buy and hold because there is no choice and because we have been told that it is the right choice. But right now you might as well bet the football over-under. What a load! The BIG GUYS are just gambling with your money, hoping you don't know when to hold 'em or fold 'em. And if you got a stinkin' 50K (that's above average) the BIG GUYS want you plenty worried that they are taking you down to 20K. Well maybe you haven't made yourself untouchable. That's your fault. We keep hearing that we are all in this together, but only if you understand that the enemy is us. NOT THE PROBLEM: Obama, the Tea Party, the stinkin' Commies, V. Putin. US IS. Well like I said they'll never get me. Control your lifestyle, stay debt free, DO NOT TOUCH YOUR INVESTMENTS. Live on what you make! Please, don't let the haves do this to you. Already, 1% of the people have all of the money. It could get worse if we let it happen. We must retain a middle class, which is the backbone of capitalism. I've heard enough about public debt problems. PERSONAL DEBT IS THE REAL ISSUE HERE-WAKE UP. Let's get some regulations on these day-traders. They are ruining the country as we watch. I gotta go, I can't see because I'm cryin' for my species. GREED RULES burns in Hades. Jim William is an avid investor who has made plenty of mistakes. Visit his website at http://themaven.synthasite.com

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Capitalism-IT Works For MIGHTY Few

Why care what S&P or Moody's says? They had Lehman rated AAA the day that the Bros. went under. And B.S. too.
Here we go again boing ga boing, big market swings. Where -300 is a good day. Remember those good old days?-well not so long ago.
While I do admit that Italy's (Italy is in the top 10 in public debt to GDP ratio at over 100%) and Spain's debt issues are a huge problem, Mr. Market's reaction here at home to what usually is a mere procedural issue (our debt ceiling increase) is ludicrous. As personal debt remains the real problem, not public debt (we are not Zimbabwe remember?), the circus show in Washington, DC is just another attempt to steal investment equity from the regular guy. And it's working like always-you are all in that .001% money market running scared, right? Do not worry grasshopper, the rich will get richer again. The rich honestly think IT IS THE WAY. They must believe it because wealth=brains they tell me. Go capitalism. It doesn't work for you unless you can switch a billion dollars from long to short side at the blink of an eye. It does however suck for you. Big Business hoards cash=no job for us'uns.
Anyway, try not to fall for this ploy being tried (and true) by Mr. Monopoly. 10,500 DJIA is a fair number to look at reevaluation. We've been due for a correction as the market is still overvalued. Corporate profit on the back of unemployment is a charade-don't bite the hook. 10,500 is about where we should be freaks.
And don't forget, the last hour of trading is the measure of the market.

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