Post Scripts

Submitted by One Vike

He’s 14 Yrs Old – He Gets It

By Tina Grazier

People are being encourage, nudged…dare I say forced…to dwell in little boxes placed close together on postage stamp sized lots so as to prevent urban sprawl. Sprawl is apparently an ugly, innefecient use of the land. Breathing rand elbow room for humans is apparently no longer necessary for well being.

In the article, Stimulated Energy, by William Tucker in the American Spectator some very revealing facts about land use and alternative energy farms come to light:

** California has mandated that utilities get 20 percent of their electricity from “renewables” by next year and 33 percent by 2020. *** “We’re studying a 22,000-acre plot of state-owned land in New Mexico for a 2,500-megwatt thermal facility,” reported Charles Ricker, senior vice president of BrightSource Energy, a thermal solar company. “We’re also ready to go with a 420-MW plant on 3,500 acres just south of Las Vegas but the Bureau of Land Management has been very slow about issuing permits. That’s what’s holding us up right now.” *** Those 22,000 acres, in case you’re wondering, add up to 30 square miles. Two standard coal or nuclear plants generating 2,500 MW would occupy only two square miles. ** (bold emphasis mine)

Environmentalist should be screaming. Nowhere in the details of this article, or anywhere else, do I find the least bit of concern for the thousands of acres of land that alternatives like wind and solar will require in order to meet mandated energy provisions and laws…why is that? Why isn’t the vast acreage that’s required to build these alternatives considered contemptable as is urban “sprawl”? The answer, I suppose, is that something has become more important…but important to whom?

The best news in the article is the information about the nuclear option. It requires less land and It doesnt need government subsidies or handouts! The potential bad news for alternatives is summed up in a quote from the article:

“Alternate energy is going to be the next subprime mortgage meltdown.” Jesse Ausubel, director of the Center for the Human Environment at Rockefeller University

Hmmm…could be that “alternative sprawl” will turn out to be a complete waste of land, time…and energy!

OBAMA IS MY SHEPHERD, I SHALL NOT WANT.
HE LEADETH ME BESIDE THE STILL FACTORIES.
HE RESTORETH MY FAITH IN THE REPUBLICAN PARTY.
HE GUIDETH ME IN THE PATH OF UNEMPLOYMENT.
YEA, THOUGH I WALK THRU THE VALLEY
OF THE BREAD LINE, I SHALL NOT GO HUNGRY.
OBAMA HAS ANOINTED MY INCOME WITH TAXES.
MY EXPENSES RUNNETH OVER MY INCOME.
SURELY, POVERTY AND HARD LIVING WILL FOLLOW ME ALL THE DAYS OF HIS TERM.
FROM HENCE FORTH WE WILL LIVE ALL THE DAYS OF OUR LIVES IN A RENTED HOME WITH AN OVERSEAS LANDLORD.
BUT I AM GLAD I AM AN AMERICAN, I AM GLAD THAT I AM FREE.
BUT I WISH I WAS A DOG AND OBAMA WAS A TREE.

One in every 31 adults, or 7.3 million Americans, is in prison, on parole or probation, at a cost to the states of $47 billion in 2008, according to a new Pew study.

A dog had followed his fourth grade owner to a public elementary school. However, when the bell rang, the dog sidled inside the building and made it all the way to the child’s classroom before a teacher noticed and shooed him outside, closing the door behind him. The dog sat down, whimpered and stared at the closed doors. Then God appeared beside the dog, patted his head, and said,

by Tina Grazier

Theres a domestic war going on and the struggle is playing out as the private sector versus the government. Many people have been burned by the greed of Wall Street and the failures of banking and lending institutions. Many have also been discouraged and let down by corrupt politicians and failing government policies. Personal credit card debt places the heart of the dispute right in our own back pockets but the people puffed up and ignorant claim innocence because greedy credit card companies made credit too easy. Last November, to further assuage any sense of personally responsibility, the American people said, Yes we can! and picked the party for social collectivism to run things in Washington. Big Government won…woo hoo…everybody sing: Happy Days Are Here Again!

Continue reading “The Trouble Began With People Behaving Badly” »

Go Here Now

Posted by Tina

Democrats have taken to calling the spending that government does as investment. They do it to blur the lines in the minds of the people between private enterprise and government. Mark Steyn has a wonderful take on this in his National Review article, The Six Trillion Dollar Man:

** If youre feeling a sudden urge to invest in a gallon of tequila and a couple of hookers and wake up with an almighty hangover and no pants in a rusting dumpster on a bit of abandoned scrub round the back of the freight yards, it may be because youre one of that dwindling band of Americans foolish enough to pursue his living in what we used to call the private sector. **

by Jack Lee

We’ve broken through yet another psychological barrior of 7000 on the DOW today. The market has moved with some conviction into the 6800’s as I write. Unfortunately, nothing in news even hints that this dive will be slowing down anytime soon, much to the consternation of investors who have watched with surprise and dismay as their professionally managed portfolios lose 40, 50, 60% or more of their overall value!

Imagine, if you had invested in a DOW (1) index fund 12 years ago you would be right back to even today. On the S&P index, which many feel is more accurate indicator of market health, you would have to venture back to 1996 to match today’s low of 708, which represents more than a 50% drop from just 2007. This is dangerous momentum folks and everyone is asking, how low can it go?

Continue reading “Stock Market Plunges – Breaks Record Lows” »

by Jack Lee

Far be it from humble me to say I told you so, but in the case of Bob Brinker I think I will make an exception. As most of you know Mr. Brinker is a financial talk show host on AM radio called Money Talk. Bob and I disagreed when he said the bottom of the market was near…that was back in March of 2008.

I’m reposting my original article and you tell me how I did forecasting the financial future…

For those of you who play the stock market you may be interested to know that Bob Brinker who publishes a newsletter called Market-Timer and is a popular weekend radio talk show host has declared the market is at a bottom and now is the time to buy!

I could not disagree more and I’ve stated my reasons earlier and I will go over some of them again in a moment. His long term model looks reasonable, but many questioned his call to buy when the SP was at mid 1400 level. It’s now at 1295. Brinker didn’t call the credit crisis and housing meltdown correctly and I did. I also called the current slump we’re in and he missed that too. Now I see a lot of red flags out there and I believe the market is going to drift towards the low end of 12,000 and possibly break into the high 11,000 on the DOW.

Take a look at the chart above and you will notice that we formed resistance in the area of 12025 in the recent days and twice that point of resistance was violated substantially. Of course one might argue we’ve formed a tripple bottom and it’s all up, up, up from here (see the M formation at the end of the chart). However, that would be short sighted and if you will notice that tripple bottom is within the range of the downward trend lines. We’re punching through the 3rd and quite possibly the last resistance point at this level. This is usually is a sign of a break thru to a new lower level of resistance. That new level hasn’t exactly appeared on the radar yet, but it appears to be forming. My best guess is we’ll see something on the DOW around 11925 soon.

Continue reading “Bob Brinker v. Jack Lee (One Year Later)” »