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Monday, March 2, 2009

The Good & The Bad

After visiting the 3 closest gun shops noted above I spent some time with my broker and financial adviser.

He showed me the history of several stocks that are among my mutual funds portfolio. Each one, and there were several including a large bank, showed paying dividends at or above historical levels, but with share prices at a 10+ year low. If you got the money, now is the time to buy stocks, not sell them.

He also showed me that the dollar has gone up in value, and gold has dropped. He believes this indicates we're at or very near the bottom of the trough, though it'll take a couple of years for things to start improving.

That's the good news. The bad news is that my portfolio has dropped in value by about 40%, thanks to Obama. He showed me a chart that shows that every time Obama announces one of his proposals, the stock market drops. In fact, the stock market decline increased when he was elected.

This is direct evidence that his reported approval rating of 60% is pure bullshit. Middle America doesn't trust or approve of his economic, soon to become, disasters.

He's hurting the stock market, which is a good indicator of confidence of The People. He's also putting the hurt on my retirement funds. Unless he gets his finger, and the other Evil Party's fingers out of the pie, we're in for a long painful lesson concerning the effect of socialism. And I may never be able to retire.

1 comment:

Eric said...

The range where I shop used to offer the concealed carry class on Friday nights, but demand has forced them to offer it every weeknight!

I am anxiously awaiting my renewal. The state has cashed my check, so I know it won't be much longer.