The Battle Continues

Part II The Empire Strikes Back

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In Cramer We Trust

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Important Things With Demetri Martin

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Economic Crisis

Part III Return of the Jedi

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Basic Cable Personality Clash Skirmish '09

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Economic Crisis

To be fair ... hindsight in the stock market is often 20/20.

However ... there is sometimes a clarity that is undeniably ... unless you deny it.

Today I am kicking myself for not buying the 2000 shares of ticker FAS that I wanted to a few days ago.

I knew that the Pandit's Citicorp memo was a clear foreshadowing of future bank profit news.

AND

I also knew that today's mark to market / uptick rule hearing would provide upward pressure and STILL I held off on that trade.

Here is the five day chart.




Would of ... Could of ... Should have.

C'est la vie.

Financial Bailout

This is an excellent clip from the Daily Show about the idiocy of CNBC.
VERY FUNNY STUFF.

The Daily Show With Jon StewartM - Th 11p / 10c

CNBC Gives Financial Advice

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Personally, I think that the two biggest douche bags on that financial channel escaped comment in this clip.

The first is Dennis Kneale



Dennis strongly feels it is unfair to deny Wall Street year-end bonuses, even though these companies are using tax payer provided bailout money to pay them.

In this clip, Dennis gets schooled by Senator Bernie Sanders (D) VT.




Then there is Michelle Caruso-Cabrera, who called the Senator a socialist in the last clip.



As you can see from this clip, Michelle loves to openly show her hatred for anything socialist. After all, she and her fellow Hispanics find very little need for government-sponsored programs.*

*For those of you who feel this is a racist comment, it is not meant to be. I simply find it nauseating that Michelle takes every opportunity to shake her ethnic tail feathers when it is convenient for her career, yet she is completely insensitive to the fact that many Hispanic people in this country need government-sponsored programs to survive.

Now That's Rich

From Page Six of today’s New York Post:

June 10, 2008

WE'RE in for taxing times if Barack Obama wins the White House, says CNBC's Maria Bartiromo. "He's going to take the capital gains tax at 15 percent right now all the way up to 25 to 28 percent," the "Money Honey" tells Avenue. "Sell anything, like a home or stocks, and make a profit . . . [almost] 30 percent of the profit will go to the government instead of 15." The income tax is also in for a bump. Bartiromo says, "Right now [it] is 35 percent, Obama wants to take that to 39 percent . . . We're talking about people who make over $200,000. That's not rich. So it's actually going to impact more people than you may think."




Keep in mind that Maria Bartiromo’s annual salary exceeds $1,000,000.00, so it would be a big mistake to think she is biased in any way.

Bartiromo's suggestion that $200K per annum income is "not rich," and that an increased tax on those who earn that much represents some sort of widespread impact on mainstream earners is blatantly false.

The fact is that in 2005, the national median income was a mere $44,389. Furthermore, according to the 2006 U.S. Census data on household income, households earning $200K or more represent only 3.5% of all households.

This would mean that over 95% of all American households would directly benefit from Obama’s plan.

I think if Barack Obama would add a tax cut plan on pant suits, Maria would immediately calm down.

"I Don't Like Mondays"

I’ll tell you why.

I woke up this morning, and turned on CNBC’s Squawk Box.




It wasn’t the Dow futures being down, despite Bush’s insistence that the United States is not heading into a recession.

In fact, I have a good portion of my stock portfolios in cash, and I look at these recent stock market drops as excellent buying opportunities.

What pissed me off was the commercial break. There was an infomercial for a Christian Rock compilation, and one of the songs got stuck in my head.

As a result of this, I have spent the last three damn hours openly humming “Open the Eyes of My Heart Lord”.




Fortunately, thanks to the Boomtown Rats, I am feeling much better now.




Who says that writing is not therapeutic?

Two Schmucks ... for the price of one

I have blogged about Ann Coulter in the past on many occasions, but her ugly stupidity seems to have no bottom.

Here she does her best job to attract the Jewish swing vote to the Republican party.



However, I think it would be a mistake to assume Ann Coulter is representative of the Republican party.

All comparisons between the Republican and Nazi Parties are purely coincidental.



( *** CLICK PICTURE TO ENLARGE *** )

No wonder New York has been a Democratic state since I was born.