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Written by Michael Vass
Yes, I made that headline. Not that this is anything new to my readers. I have been stating that the Democrat-led Congress had about as much financial knowhow as a wet noodle since Speaker Nancy Pelosi started hinting at a $50 billion stimulus package before the election.
Well the numbers balloned out of [...]
The imaginary and real Obama Administration
Written by Michael Vass
Well I’m still looking for the jobs that the Obama Administration claimed to have “saved or created” since the Democrat-led Congress passed the $787 billion Economic Stimulus Plan early this year. You do recall that plan right?
“On May 27th, President Obama stated that his $787 billion stimulus plan “saved or created” 150,000 [...]
Obama Stimulus costs or keeps $38 million from 344,000 Americans
Written by Michael Vass
Interesting headline isn’t it? The best part is that I can back it up. At least as well as the Obama Administration can back up the jobs they have “created or saved” with the Stimulus package. In fact I can provide better proof. The worst part though is that the money is [...]
Stimulus plan in Binghamton, New York
Written by Michael Vass
Recently I read about a part of the $787 billion Stimulus Plan President Obama has spent, that affects my town of Binghamton, New York. The funds that will be coming to the city is just over $850,000. Not a huge sum, but in a small town like Binghamton it’s a lot.
This money [...]
Investing vs. Trading - the Alcoa example – the follow up
Written by Michael Vass
Back on the 14th of April I decided to make an example of the position I own in Alcoa to demonstrate the difference between trading and owning. At the time I stated
“So here is the experiment. Just for the sake of mental masturbation, let’s assume I sell the stock today for $9.25, [...]
Chrysler - the bad bet of President Obama
Written by Michael Vass
You know what’s really sad about the economy? What really angers me about the bailouts? The way that the Obama Administration, Congress, and the Bush Administration have all wasted our money.
Yes even the anointed President Barack Obama is complicit in the waste of money that has been the bailouts and stimulus package. [...]
Media Matters worried about credit not money
Written by VASS
I find it interesting that when the question of how the $787 billion of the stimulus package is being spent, the argument from many liberal sources is to attack who is getting proper credit about these facts. Not that the spending is in no way connected to stimulus. Not that the places the [...]
The credit crisis is over - bull
Written by Michael Vass
Recently I was having a conversation with several associates of mine. They range from across the country, but mostly in the Northeast. Several have standard businesses, and a few have internet based companies like myself.
The topic of conversation was the economy. If it’s improving, where and how fast. Overall the impression is [...]
President Obama - The economy has glimmers of improvement
Written by Michael Vass
Lately President Obama has been commenting on the positives in the economy. It’s a huge reversal of the absolutely impending doom that he has virtually preached before and after his inauguration. But the big question is if it is true.
Is the economy better? Did any of the things that the Obama Administration [...]
Investing vs. Trading - the Alcoa example
Written by Michael Vass
Today I received a call from a friend who also reads several of my posts. The reason for the call was to congratulate me on my purchase of Alcoa (AA) at $5.55, plus the question of asking me where I am selling and when I would be getting back into the stock. [...]
Polispeak in political math and jobs made simple
Written by Michael Vass
There has been a lot of talk about huge budgets and deficit spending over the past couple of months. Numbers in the trillions of dollars have been tossed around, to the extent that few seem to comprehend the meaning of such numbers. So I thought I’d try to simplify it all.
Let’s start [...]
Alcoa - suddenly a superstar
Written by Michael Vass
Well either I am a genius or I will be in the doghouse with good company.
Back on the 24th of February I stated that Alcoa was one of a small group of companies that I felt were undervalued. I was speaking of the market in general, what we can expect and in [...]
Jon Stewart vs. Jim Cramer: really missing the point
Written by Michael Vass
So Jon Stewart took on Jim Cramer tonight. It was a beat down. It was vicious. It was obvious that Stewart had an ax to grind. And it was wrong on many points, yet true to the feelings of many.
As a former stockbroker I have had many discussions with people about the [...]
President Obama thinks stock market is a good deal he doesn’t care about
Written by Michael Vass
There is nothing like watching the daily polispeak dance that politicians like to do. It is especially interesting when the dance is being done by the President. Few Presidents are as skillful with polispeak as President Obama, which says a lot.
I mean just look at how President Obama has handled the complete [...]
Jim Cramer must be reading my posts
Written by Michael Vass
Like most everyone who can do math, I have spent many hours trying to figure out how President Obama will reduce the deficit, or spur growth in the nation, as he proposes $3.5 trillion for his budget. But I wanted to stop to discuss something I was just told.
It seems that around [...]
Where is the bottom?
Written by Michael Vass
Over the past several days I have been asked two questions over and over. Where is the bottom, and where would I invest? They are difficult questions, and I don’t have great answers.
It has taken the market 4 months to reach the lower target for the Dow Jones that I called for [...]
Dow Jones at 7600 - what I said, right and wrong
Written by Michael Vass
Back on November 18, 2008 I made a prediction. I said that in the first quarter the Dow Jones Index will hit 7600. I then proceeded to explain why it will do this and what will be happening. With the Dow having crossed my target I will reflect on what I said [...]
Why Socializing America is bad
Written by Michael Vass
I have heard a lot of talk lately about socialism and the idea of nationalizing various aspects of America. I have heard how this group or that think it’s a good idea. I have heard how some think this is a direction America must take.
But in every case I am aware of, [...]
Ready or not, the spending will come
Written by Michael Vass
Well it’s good to be back home. You may have noticed I was gone, the joy of filing taxes is all I will say.
And on that subject let’s take a look at the final stimulus package that has been rammed through Congress. This is not a bi-partisan package. It’s not even a [...]
The Dow Jones Index does not lie
Written by Michael Vass
Unless one of the better turn arounds of the stock market history occurs in the next 10 minutes, the Dow Jones will have fallen several hundred points, around the range of 7900 or less (a mere 300 points from a target I predicted over 3 months ago). This is happening at the [...]
The true Democrat definition of rich
Written by Michael Vass
I just figured out a secret that I don’t think most people in America have noticed. The fact is it’s not much of a secret, it’s more like the elephant in the room. And Democrats have successfully avoided mentioning it for a while now.
Looking at the supposed “stimulus” package that is trying [...]
Obama Stimulus Package: an urgent need to do nothing
Written by Michael Vass
The more I hear about the Obama stimulus package, the less I like it. Yet it is the most “urgent” piece of legislation that his Administration is working on passing, immediately. Just as the $800 billion for the credit crisis had to be immediate.
And just as with the mortgage/credit bailout quick action [...]
Don’t say I didn’t warn you
Written by Michael Vass
I have been talking about the economy and what would happen if a Democrat would win since late 2007. When it became clear that President Obama was the Democratic nominee I discussed how the stock market would react to his win. And after the election I forecasted what would likely happen to [...]
Surprise! We are still in a bear market.
Written by Michael Vass
Let me see if I understand this correctly.
“A jump in unemployment sent stocks sharply lower Friday as investors feared that Americans won’t soon deviate from their tightened budgets.”
That means that someone thought consumers would go back to spending money, or realistically increasing debt, because the new year started? Or they thought that [...]
New stimulus package is 60% waste
Written by Michael Vass
Now that we have entered 2009, the time for details has begun. President Obama has now stated that he intends to make 40% of the proposed stimulus plan, that was championed by Speaker of the House Nancy Pelosi from $50 billion to its now $800 billion level, business tax-cuts. That is the [...]