Sunday, May 20, 2012

Shit how do I protect myself financially

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

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.

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

Tuesday, April 12, 2011

Tuesday April 12, 2011

Pakistan Tells Washington; CIA to Stop Drone Attacks
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.