The worst “investment” possible but I still play.

The ads for the lottery are simply a scam, a sham, a marketing tool and it affects the poor as these lotteries prey on the poor.

SOURCE: http://www.mediaite.com/tv/john-oliver-takes-aim-at-the-legal-racket-that-is-the-state-based-lottery/

More on the markets!

I think it was a few weeks after QE3 that we started to title our reports “NEVER GOING DOWN AGAIN.” We did this because the monstrous printing of money put a bid…another bid and another bid into the market. It was persistent with hardly any selling.

It almost feels the same. After a topping out process, a top and a mini meltdown, markets have again reacted to a crapload more of QE across the globe. We are amazed how easily fear has turned into greed again…and WITH NO IN-BETWEEN. Usually after a drop of such kind, the market has to earn and work its way back up. In this day of QE, hot money and whatever else, there isn’t any in-between. We have just had the mother of V-shaped moves up with very little selling in sight. Of course, that is unless you own SLXP this morning.

Large caps remains the strongest…mid-caps are just that, in the middle…with small caps continuing to lag like they have for the better part of a year.

Many are saying this cannot continue but those people had better look how 2013′s move off of QE lasted 6 months…the 2012 move lasting 4-5 months…and the 2010-2011 move lasting about 8 months…again…all off of massive money printing announcements. Remember, in the past, just having 0% rates was unheard of. That was considered to be ridiculously easy monetary policy. Now it is the norm.

A few things to start paying attention to:

The dollar has soared as Japan and Europe try to destroy their currencies on purpose. Yes…they think this will work. This has crushed commodities. With one massively overbought and one massively oversold, we suspect last week’s late action has put in a short-term change in trend. This does not change the overall trend…but more of a relief rally.

HOSPITALS  have topped. Bounces are to be sold into.

Watch HOUSING as a couple of names are starting to emerge.

WMT and TGT look to be coming out of big bases. That probably augurs well for retail if it continues.

Along with small caps, Europe continues to lag badly. We are the place to be this second.

In case you are Sheldon Cooper, “never going down again” is sarcasm. Overall, markets remain stretched and overbought and are waaaaay due to pull back…but again, doesn’t mean they have to.

Without admitting or denying guilt!

SOURCE: http://www.dailymail.co.uk/news/article-2824580/Witness-s-testimony-powerful-forced-9-billion-settlement-JP-Morgan-reveals-bank-giant-s-schemes-swindle-investors-selling-worthless-mortgages.html

Never going down again.

I think it was a few weeks after QE3 that we started to title our reports “NEVER GOING DOWN AGAIN.” We did this because the monstrous printing of money put a bid…another bid and another bid into the market. It was persistent with hardly any selling.

It almost feels the same. After a topping out process, a top and a mini meltdown, markets have again reacted to a crapload more of QE across the globe. We are amazed how easily fear has turned into greed again…and WITH NO IN-BETWEEN. Usually after a drop of such kind, the market has to earn and work its way back up. In this day of QE, hot money and whatever else, there isn’t any in-between. We have just had the mother of V-shaped moves up with very little selling in sight. Of course, that is unless you own SLXP this morning.

Large caps remains the strongest…mid-caps are just that, in the middle…with small caps continuing to lag like they have for the better part of a year.

Many are saying this cannot continue but those people had better look how 2013’s move off of QE lasted 6 months…the 2012 move lasting 4-5 months…and the 2010-2011 move lasting about 8 months…again…all off of massive money printing announcements. Remember, in the past, just having 0% rates was unheard of. That was considered to be ridiculously easy monetary policy. Now it is the norm.

We will break apart sector by sector over the weekend.

One last note on the election!

We will get back to our regularly scheduled program tomorrow.

Nothing changed. This President came out and took no blame, made no changes and couldn’t care less about the will of the people. He told us there will be vetoes and executive action. This is in contrast to this:

Consider this nasty and biased question from a reporter to President Bush after losing the mid-terms.

“Thank you, Mr. President. With all due respect, Nancy Pelosi has called you incompetent, a liar, the emperor with no clothes and, as recently as yesterday, dangerous. How will you work with someone who has such little respect for your leadership and who is third in line to the presidency?”

This is how President Bush replied. “I’ve been around politics a long time. I understand when campaigns end and I know when governing begins. And I’m going to work with people of both parties. You know, look, people say unfortunate things at times. But if you hold grudges in this line of work, you’re never going to get anything done. And my intention is to get some things done, and soon—we’re start visiting with her Friday with the idea of coming together.”

What a difference!