Greece is going to hell in a hand-basket. No one knows what to do. People are hard pressed for work. What are good investments. I know what to do. If you do not know how to speculate then stay in cash. Not Gold, not silver, not stocks not commodities. As of this past autumn of 2007, the value of all euro notes in circulation worldwide exceeds the value of total US currency. What does that got to do with staying in cash. If Greece goes under and investors fear a collapse of the Euro; they will have to convert their Euros into something. Yes Dollars. All across Europe people will be demanding dollars. This will cause a short deflation, that will end when the Germans start printing their new currency. If you really what to buy stocks please hold off purchasing until the Dow reaches 11,200.00. It will go lower, but at that price valuations will be fair. Not cheap, but fair. OK. Let me hear your thoughts. Cordially Sean Foleno
Welcome to: Joe's TV
Sunday, May 20, 2012
Sunday, March 18, 2012
Is Apple going to $1000.00 or $500.00? If Steve jobs was still alive and well. Then sure, “Apple” would go to $1000.00. That
man had passion, and could do anything, but live forever. Okay. Enough
of that. Let’s get back to stocks. AAPL trades 16.5 times earnings. That is close to the S&P. Apple has 96 billion dollars in cash. The stock trades 6 times book. All great numbers. You think to yourself maybe I should buy it right
now. Okay before you start bidding AAPL
to new highs. Let me ask you something.
So why did AAPL move up $200.00 in
two months? All this information was available
to trader months ago. Did traders
finally realize what a great stock AAPL is?
Maybe. My point is, if you cannot answer that
question fairly and honestly. Then you
have no reason to invest in AAPL. I personally have no reason to justify a move
like that. You might be smarter than
me. You might know something other
traders do not.
$550.00 is a few weeks away. If you think AAPL is going higher, that’s a better place to buy then on a new higher. Good luck and Good Trading.
$550.00 is a few weeks away. If you think AAPL is going higher, that’s a better place to buy then on a new higher. Good luck and Good Trading.
Friday, August 26, 2011
Bank of America pays Warren Buffet to become largest stake holder.
After much fan fare to do about nothing market sold off bank stocks on the news Berkshire Hathaway was loaning Bank of America 5 billion dollars at 6 percent interest through a 50,000 shares purchase of preferred stock with a liquidation value of $100,000 per share in a private offering. BAC also tossed in about 700 million shares worth of warrants at an exercise price of just over $7.14. This in effect would make him the largest share holder while diluting everyone else’s shares. Why BAC did not offer loyal bank customers the same deal and save share holder equity is beyond me. Share holders get screwed, customers get screwed, and buffet does the screwing.
Cordially Sean Foleno
Sunday, April 17, 2011
Thursday, April 14, 2011
Thursday April 14, 2011
California Limits Sizes of New Homes
"An ordinance signed by Mayor Antonio Villaraigosa last week limits new hillside homes to about 3,000 square feet (280 square meters) on a typical 5,000-square-foot lot. Developers had been allowed to build a 7,000-square-foot, multilevel home on a 5,000-square-foot lot", Weitzer said.
*
TSA Under Fire for Frisking 6 Year Old Girl
"We struggle to teach our kids to protect themselves, to say 'no, it's not ok to touch me in this way in this area," the girl's mother, Selena Drexel, said. "Yet here we are saying it's ok for these people." If we don't find other ways we're making them more vulnerable, she said
*
US Airstrikes On Lybia Continue Despite Obama's Claims
"Administration officials previously said that the U.S. had halted strike sorties on April 4, several days after turning over command of the air campaign to the NATO alliance, and that attacks on Libyan tanks and other ground units would be handled by aircraft from Britain, France and other allies.
But the limited U.S. role has grown increasingly controversial in recent days.
Libyan opposition leaders and some NATO allies publicly complained about the intensity and scope of the air campaign against Kadafi's forces since the U.S. announced that American warplanes would cease participating in the mission to protect civilians".
"An ordinance signed by Mayor Antonio Villaraigosa last week limits new hillside homes to about 3,000 square feet (280 square meters) on a typical 5,000-square-foot lot. Developers had been allowed to build a 7,000-square-foot, multilevel home on a 5,000-square-foot lot", Weitzer said.
*
TSA Under Fire for Frisking 6 Year Old Girl
"We struggle to teach our kids to protect themselves, to say 'no, it's not ok to touch me in this way in this area," the girl's mother, Selena Drexel, said. "Yet here we are saying it's ok for these people." If we don't find other ways we're making them more vulnerable, she said
*
US Airstrikes On Lybia Continue Despite Obama's Claims
"Administration officials previously said that the U.S. had halted strike sorties on April 4, several days after turning over command of the air campaign to the NATO alliance, and that attacks on Libyan tanks and other ground units would be handled by aircraft from Britain, France and other allies.
But the limited U.S. role has grown increasingly controversial in recent days.
Libyan opposition leaders and some NATO allies publicly complained about the intensity and scope of the air campaign against Kadafi's forces since the U.S. announced that American warplanes would cease participating in the mission to protect civilians".
Tuesday, April 12, 2011
Tuesday April 12, 2011
That arrangement appears to be unraveling. Pakistani civilian, military and intelligence officials have sent private messages in recent weeks objecting to the strikes, complaining they have gone too far and undercut the government's public standing.
*
Bankers Continue to Get Away With Massive Crimes
Split up the banks? Shut them down? Make them move elsewhere? No. The commission came up with some irrelevant, complex and hard-to-enforce rules aimed at raising capital ratios and separating their retail from investment arms.
*
*
'Capital must protect itself in every possible way, both by combination and legislation. Debts must be collected, mortgages foreclosed as rapidly as possible. When, through process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of the government applied by a central power of wealth under leading financiers.
These truths are well known among our principal men, who are now engaged in forming an imperialism to govern the world. By dividing the voter through the political party system, we can get them to expend their energies in fighting for questions of no importance. It is thus, by discrete action, we can secure for ourselves that which has been so well planned and so successfully accomplished.'
- Montagu Norman, Governor of The Bank Of England, addressing the United States Bankers' Association, New York, 1924.
Tuesday, December 29, 2009
Wednesday, December 23, 2009
Today's Headlines: 12/23/09
Climate Change Alliance Crumbling
Cracks emerged on Tuesday in the alliance on climate change formed at the Copenhagen conference last week, with leading developing countries criticising the resulting accord.
They will try again...
*
Kremlin Rebuilding Stalin's Image, Communism Once Again Gathering Momentum
Respect for Stalin has steadily grown since Vladimir Putin wrested control of the political landscape in 2000.
*
Italian Owned--Chrysler--Openly Plans to Stiff Taxpayers
The smallest of Detroit's Big 3 is going to cost taxpayers $3.7 billion because its pre-bankruptcy government loans aren't going to be paid back.
Since they're foreign owned, and they don't want to pay us back, boycott them.
*
Cracks emerged on Tuesday in the alliance on climate change formed at the Copenhagen conference last week, with leading developing countries criticising the resulting accord.
They will try again...
*
Kremlin Rebuilding Stalin's Image, Communism Once Again Gathering Momentum
Respect for Stalin has steadily grown since Vladimir Putin wrested control of the political landscape in 2000.
*
Italian Owned--Chrysler--Openly Plans to Stiff Taxpayers
The smallest of Detroit's Big 3 is going to cost taxpayers $3.7 billion because its pre-bankruptcy government loans aren't going to be paid back.
Since they're foreign owned, and they don't want to pay us back, boycott them.
*
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