By: Joel Gaines
· We are starting to wonder if Afghanistan is going to be to President Obama as Vietnam was to President Johnson.
· A federal judge lifts the president’s ban on offshore oil drilling – now why would we halt all drilling?
· Why – for the first time since 1976 – is the nation without a budget. Congressional democrats don’t want to tell you, but we will talk about it here today.
· President Obama’s approval rating is its lowest since he was elected in 2008 and he is virtually hemorrhaging support among those who voted for him – I’ll give you a glimpse of that.
· Later on in the show, we’ll talk about some hypocritical border security statements from Janet Napolitano and President Obama.
· And we’ll finish up the show with a review of ObamaCare after 3 months of missed deadlines and broken promises.
Sphere: Related ContentBy: Joel Gaines
On Tap:
- After passing through the US House the Cap and Tax bill goes to the Senate and the debate is starting to heat up.
- We have to talk about the latest news – and I must tell you completing predicted news – related to the Health Care Deform bill in congress
- Who is President Obama’s Science Czar and what’s he all about?
- Also, Did you know the Obama administration now wants to take over student loans?
- Is the stimulus bringing the economy back? We’ll share some information on that
- And finally, I want you to meet Spc Channing Moss and the people who saved his life in Afghanistan.
By: Joel Gaines
By Steve Selengut
http://www.sancoservices.com/
http://www.kiawahgolfinvestmentseminars.com
Professional Investment Management from 1979
Author of: “The Brainwashing of the American Investor: The Book that Wall Street Does Not Want YOU to Read”, and “A Millionaire’s Secret Investment Strategy”
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Every fall, especially in opportunity rich markets like this, I encourage investors to think about some year-end strategies that make the final calendar quarter a special time in all markets. Several forces are at work, all of which have links to conventional Wall Street wisdom; none of which promote good long-term investment decision-making.
This year, we have the added excitement of anticipating a new, perhaps economically too liberal, administration taking over with an already implanted, and demonstatably inept, congress. The markets are in a truly unprecedented state of “uncertainty overload”. What’s an investor to do— or not to do?
Typically, the November syndrome has features that impact in both directions. It causes weak prices to fall even further and strong prices to climb higher. This year, the strong category requires a microscope for candidate viewing, while the weak seem to have inherited the listings. Money Market funds and Treasury securities are the low yielding, lower-risk, depositories of choice.
At the individual investor level, the mad dash to lose money on equity securities has begun. The idea that this is somehow a good thing is an anomaly created by a counter productive tax code and an industry that has a vested interest in perpetuating the absurdities it (the IRC) creates.
Assuming that we are dealing with investment grade securities, lower prices should most logically be seen as an opportunity to add to positions cheaply— not as an opportunity to reduce one’s tax liability on investment earnings. There is, and never will be, a good loss or a bad —.
Naturally, both you and your CPA feel better with lower tax bills, but why sell a perfectly good security at a loss to produce pennies on the dollar in tax relief? Speculations, sure, valueless securities, why not? But when nearly all IGVSI stocks are at their lowest levels in decades, selling for losses should be the last thing on your mind.
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