Tuesday, May 03, 2011

You play the way you practice

What has changed ?.....stay with the facts.

Wdc, llc has done absolutely nothing to address structural deficits and spending. The dollar will go lower.

-) The IMF last week forecast the Chinese economy will surpass the American economy in 2016. That is five years folks. "The age of China will feel different", said the IMF. It sure will.
-) One of the most successful value investors of our time has now called for a paradigm shift on commodities including food and he said nobody is prepared for it. We agree.
-) Armstrong said zero interest rates are killing our economy (just like it did in Japan) WE AGREE.
-) The Chinese are buying 40,000 new cars per day.
-) The USA is burning 400,000,000 gallons of gasoline per day.
-) Last year China spent $200,000,000,000 in buying oil properties.
-) The largest company in America made a 2 cent profit per gallon of gas sold last quarter. The average State gas tax per gallon is 48 cents.

The world's largest public mining and oil companies are now debt free. They are over capitalized. So are many of the world's super blue chip stocks.

The stock market is over bought and due for a rest after it's big move. Bonds bounce for the seasonal weakest time of the year for stocks. (the sell in May and go away).....time to relax.

And the US Government will try to sell how much debt this week??

Barkly seen here resting