Obama being the president-elect is a major positive for the market.....
WHY???
He is BRIGHT...
He is coming with FRESH ideas....
He has the support of MOST Americans...
He can articulate his ideas in a CLEAR & POINTED manner...
He IS NOT WAFFLING about the ENORMITY of problems faced by the world & US economy.
His approval rating IS very HIGH.......
Also with Obama all the CONFUSION about Paulson CHANGING tactics will be gone.....TALK FIRST ......THINK LATER is NO WAY to deal with HORRENDOUS issues......
Paulson has single handedly made the problem WORSE by DENYING it FIRST & then CHANGING his mind many times about the REASON & SOLUTION.....on wall street CREDIBILITY MATTERS.....
Obama has already laid out a plan for creating 2.5 million jobs by end of 2010........
How many Jobs initiative did the current administration DID...answer ZERO & on the contrary they had plans to CUT more jobs in financial institutions like BSC,LEH & AUTOS.....a SAD approach to the worst crisis in history.....
Every initiative in current administration was last minute & reluctance was EVIDENT.....with partisan politics @ centre stage on TV......
Every investors/traders/citizens were sick & tired of TV talk with NO focus on SOLUTIONS.....field day for Photo OP with callous disregard to the welfare of US & the entire world economy......
NOW.....
The page turns to Solutions only.....
Already OBAMA has a plan to CREATE 2.5 million jobs......in next 23 months starting in Feb 09...
World & US needs a DOER & a real Leader...which we have in Obama...who can LEAD with ACTIONS......
Stock market should behave much better than before as CONFIDENCE will built from here..instead of reading how many jobs we are losing..we will hear ACTION for creating new jobs...
I personally like ETF for playing any UPSWING which may be coming....
WHY ETF ???
Because it IS a SAFER way to participate in markets.....
There are many ETF which has different sector focus....so it IS good to KNOW what is in each ETF......
So.....
We have Obama with Job action which will TURN the economy in a big way ...which will be GREAT for stock market.......
BLOG does NOT give buy or sell.
Saleem
13 comments:
SALEEM
YOU are in deed an optimist--remember the rule politicians first last always are liars.
now that I have said my statement--congratulations
on being right-on
I thinks that you are spot on for ETF's--a good call--I own QLD's
Bloomberg says Citi and Pfizer and AAPLE, GE and GS are good buys here
Good luck to all and standards keep us informed of your dad! I hope he is well.
Gas in $1.90 in DC imagine that! under $2 bucks a gallon
Hi Madmax,
OPTIMIST ..I am...will not trade for anything else.....
Obama has the potential for positive surprise for all skeptics..
Things HAS to get better with new people,policies & focus on doing better than last team....
Saleem
Hi All,
ATL gas $1.77 dropping.
Caution on Citi and Pfizer.
I like AAPL, GE and GS. Best bang for the buck GS, AAPL IMHO.
After I check my wallet, QLD looks like a buy here.
Father, In hospital, no physical paralysis. Resting. Thank you for the prayers, they all count.
The mall was packed with (buying) customers yesterday. Always look for people with shopping bags. Bags = good economy. No bags = bad news.
Best Regards
Hi Standards,
Nice to hear that your Dad is coming along fine....
In Canada retail is expected to MATCH last year Christmas.....not bad considering all the doom & gloom in US media...which IS watched in Canada.
Gasoline drop is building consumer confidence in Canada $3.25 per US gln is considered BARGAIN..lowest in 15 months....
Saleem
News:
1) China announces a $1.5 Trillion dollar stimulus package.
2) Obama will announce a $700 Billion dollar stimulus package.
3) Many other smaller stimulus packages were announced.
4) FDIC will insure $1.4 Trillion in bank debt. Obviously great news for Citi.
Hi All,
Interesting site with charts.
BDI index vs. S&P chart is great information.
BDI bottoming and flattening out.
Investmenttools.com/futures/
bdi_baltic_dry_index.htm
We are at bottom. BDI will pick up with China investment in infrastructure.
Best Regards
Hi Madmax & Standards,
See...I am NOT the only OPTIMIST...
BDI means that there must be one or two great beneficiary of this idea.....
The question is who are they???
Saleem
Hi Saleem,
Who, Who, Who???????? Hmmmmmm.
Of course BDI shippers will benefit.
Ag? Commodities, Steel? Equipment? Heavy equipment????? CAT?
Thinking......
Hi all
sold GE ,bought IBN. Planning to buy QLD.10 top holdig are good.Any change in holding?Thanxs
Hi all
sold GE ,bought IBN. Planning to buy QLD.10 top holdig are good.Any change in holding?Thanxs
Hi Ds,
Always check the top 10 from proshares.com website..NOT from yahoo or MSN....
Good luck with IBN & QLD.
Saleem
Standards--Here is some views on BDI rates --See why I am concerned--they are tweaking up a little\
Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
bloomberg.com :
In 2007 Q3, Volvo booked 41,970 European orders for new trucks. In 2008 Q3, Volvo's order book got destroyed to the tune of 99.63%, with customers signing up for just 155 vehicles. After months of money-market madness, slumping stock markets, collapsing currencies and bank bailouts, the headlines from the broader economy are starting to roll in - and the news is all bad and getting worse, fast.
If nobody is buying your trucks, you don't need to rent a vessel to ship them. Hence the Baltic Dry Index, which tracks the cost of shipping goods and commodities, collapsed from 11,793 to 815 - it is now 90% cheaper to ship goods over the oceans. With operating costs of about $6,000 per day, these ships have slowed down to economize on fuel and save money, to about 8.68 knots from 10.33 knots in July. It isn't just the oceans that are emptying - air freight traffic dropped 7.7% in Sep 2008, according to IATA.
- The history and financial textbooks of the future are likely to include this chart above, or some variant thereof. The Baltic Dry Shipping Index is a composite index of bulk shipping rates for various types of cargo, mostly commodity-type cargo such as iron ore, crude oil and grains. It is considered a reliable leading economic indicator without speculative elements involved, since nobody books space on a large cargo ship if they don't have anything to ship.
Hence, the over 90% drop in this index means that the demand for shipping bulk cargo has fallen off the cliff. And the sudden drop in demand for shipping these raw materials like iron, copper and so on is signalling that the global economy is heading for collapse. It's a horrendous scenario depicted in this chart. You can imagine what the GDP figures for 2009 are going to look like.
Hey all
The financials are back--up HUGE
This is GOOD news cheers to all.
My 401 account may cheer up too. It will take awhile for it to break even
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