All over Europe there is upheaval. As the European union is starting to break down because of massive debts in countries such as Portugal, Italy, Greece and Spain (PIGS). Basically the government of those countries has mis-managed the peoples money, tax payers money and now severe government spending cut backs have to be implemented and the people are the ones to suffer.
Archive for May, 2011
Spain Spirals Into Protest and Violence
Saturday, May 28th, 2011Increased Positions In Bearish Funds – Horizon Nasdaq and S&P Bear ETF
Wednesday, May 25th, 2011
As the stock market loses strength here and has problems moving higher I have increased my positions in both the Horizon Nasdaq bear ETF (HQD.TO) and the Horizon S&P bear ETF (HSD.TO). The Nasdaq index has had problems breaking above 2800 and the S&P has no ooomph to get past 1340 and it is stays like this for another month then I think we are going down.
Japan Now In Recession After Economy Shrinks 3.7% Due To Earthquake Tsunami
Friday, May 20th, 2011
Back in March 2011 when the earthquake and tsunami hit Japan I was stunned by the devastation of the natural disaster on Japan. Subsequently the nuclear problem got worst and I had a feeling that the problems Japan will face in the future is going to be bad and one of these problems is the economic impact.
Closed Position On Claymore Gold ETF (CGL.TO) – Take Some Profit
Monday, May 16th, 2011
I recently sold off my position in Claymore’s Gold ETF that is traded on the Toronto Stock Exchange (CGL.TO). I bought at $12.45 in early January and just sold at $13.58 which is roughly a return of 9% minus commissions. That is just under 9% return for 5 months, that is not bad considering money market and guaranteed investment certificates (GIC’s) are interest are very low.
Raise Debt Ceiling Or Face Default – United States Has No Funds, Needs To Print More Money…Again!
Sunday, May 15th, 2011
On Monday, the U.S. government will hit the $14.294 trillion debt ceiling established by Congress and will have to decide and approve more borrowing, either from other countries or by printing more U.S dollars. The bottom line is America is completely broke, the U.S Government over the last 30 years has absolutely mis-managed the U.S taxpayers money.
Raj Rajaratnam Insider Trading Case – Insider Trading Normal Amongst Wall Street
Saturday, May 14th, 2011
Wall Street likes you to think that all the trading they do is legal and that there is no “Insider Trading”, however many people who have worked on Wall Street and investment firms clearly know that insider trading happens all the time.
The SEC (Security Exchange Commission) let’s it happen and they turn a blind eye to their buddy’s at large investment firms. The only time when they step in and start charging people is during a big economic downturn and they need a scape goat to make it look like that the SEC is actually doing their job.
Harry Dent says “Major Crash†Coming for Stocks , Topping Out
Saturday, May 14th, 2011Here is what Harry Dent is predicting for the coming future for stocks and commodities. I agree with him that the stock market is too crazy hot right now and is due for major correction in the future. Besides corporate profits, nothing much else is supporting the lofty stock market valuations. Jobs are not getting better nor is real estate and growth is slowing.
