"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey

All the richest investors already know this. Do you want to know how to be a successful investor? "Ride the Wave, then get the hell out"! Be a 2-3 year buy and hold guy, then get out and wait for the next disaster to happen. Oh, believe me, every few years Wall Street or Washington will make sure another disaster happens .

There use to be a time in the investing world where buy and hold meant something. 30 or 40 years ago you could buy stock in a big blue chip company, reinvest the dividends for 20 years, and in the end, you would have a nice nest egg to live on. Not anymore!

So what has happened? Society has changed. I attributed most of it to a lack of discipline and greed. Discipline can be lacking in many aspects of ones life. It can be a lack of fiscal discipline is directly linked to greed (spending, real estate, the NASDAQ in 2000). Greed makes a person do unethical things in order to gain possessions, or an advantage over another person.

Imagine you were a conservative investor in GE or Bank of America. You bought your initial shares 20 years ago, reinvested the dividends, and add a few hundred a month along the way. Thinking you were doing the right thing, one day you wake up and find that your financial nest egg has been decimated.

The investor above would not be characterized as a "trader", and certainly not a "gambler". They were simply long term investors thinking they were doing the right thing.

Character in our society, particularly on Wall Street, no longer exists. The once-proud capitalist system that transformed the U.S. into and industrial powerhouse is essentially dead.

Beady eyed executives at Goldman Sachs (Wall Street) continue to receive huge bonuses while the rest of the nation is worried about a recession, their retirement plans, and making the house payment.

These are the same Wall Street clowns that try and convince you to be a longer term investor. What a load of crap.

How about this arrogant idea former IBM CEO Lou Gerstner. Gerstner said that US authorities ought to have a tax of 80% for those who buy in the morning and sell in the afternoon; a 50% tax if you hold for a year, and zero tax if you hold forever.

The arrogance of these fat ass CEO's is amazing. How about this rule Louie? No stock options, and no stock grants for corporate executives unless the giveaways are directly expenses against the company's earnings. No more free rides on the back of the small investors .

Now that you know how the game is played, "Ride the Wave, then get the hell out"!

PART 1

Please pat attention to Larry Levin, of Secretsoftraders.com and CNBC's Rick Santelli as they agreed this morning that the markets have been propped up by the Obama administration- see video.

For years, investors who accused the interventionists of doing such things were chided as being conspiracy theorists. Those who make these accusations are either part of the gang, or just plain dumb.

When comes to the stock market, please understand it is a game of us versus them. Listen to the people who mock terms like "Green Shoots, Goldilocks Economy, Soft Landing, The Resilient Consumer, Points above new all-time high on your TV screen, and don't forget this one...Erin Burnett's, Economic Nirvana."

PART 2

I know it's been plastered all over the TV today, but Bernie Madoff was sentence to 150 years in prison for his 20 year, $65 billion fraud scheme.

Okay, that's all well and good. What are they going to do about the Wall Street investment banks that created, the so called toxic assets that almost bankrupted the nation. What about those people? What do you think will happen to them?

Here is how judges have reacted when Wall Street investment banks doing something wrong- Sgt Schultz of Hogan's Heros

Can anyone say- It's us against them?

Here are our Top 10 ETF's for the week of June 29th:

1) DBA: Powershares DB Agriculture Fund
2) EWZ: Brazil Index
3) DBE: PowerShares DB Energy
4) USO: U.S. Oil Fund
5) IYF: iShares Dow Jones US Financial Sector
6) DDM: Ultra Dow 30 Proshares ETF
7) PGJ: PS Golden Dragon China Fund
8) IYW: iShares DJ US Technology Sector Index Fund
9) CASH
10) CASH

Here are our Top 10 Fidelity Sector Funds for June 2009

1) FSPTX: Technology Portfolio
2) FSRBX: Banking
3) FSCGX: Industrial Equipment
4) FCYIX: Industrials
5) FSCPX: Consumer Discretionary
6) FSCSX: Computers & Software
7) FSCHX: Chemicals
8) FNARX: Natural Resources
9) FSENX: Energy
10) CASH

Continue reading "Dynamic Growth: Monday, June 29, 2009- Briefing" »

The Manure salesmen have been out in force using another new term from Wall Street to sucker investors into buying. That new word is..."Green Shoots".

Steve Leuthold from the Leuthold Group was interviewed on Bloomberg a few days ago, and while he is no longer a bear, Steve chuckled at the new "Green Shoots" euphemism, and said;

"Too much Fertilizer can kill a "Green Shoot".

Of course, Steve was referring to the aggressive stimulus being pumped into the economy, and how the results could kill off any chance of a sustainable recovery.

Warren Buffett was interviewed on CNBC yesterday, and was asked if he was "seeing any of those green shoots?" Buffett replied, "I looked. I wasn't seeing anything. I had a cataract operation on my left eye about a month ago and I thought maybe now I'll be able to see green shoots. We're not seeing them."

These comments were in direct opposition to the Fed chairman (Bernanke) was said that the "pace of economic contraction is slowing, and the conditions in financial markets have improved in recent months."

When trying to decide who to listen too, listen to the people who mock terms like "Green Shoots, Goldilocks Economy, Soft Landing, The Resilient Consumer, Points above new all-time high on your TV screen, and don't forget this one...Erin Burnett's, Economic Nirvana."