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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 
Best of Aubie Baltin
November 4, 2009
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As the rest of the world, after discovering that the way to prosperity is by way of Capitalism, shifts slowly but surely more and more towards FREE MARKETS, the USA is rushing head long into Socialism.

Last week, the Indian Government announced plans to sell stakes in all its profitable state-run companies to the public in order to assure their continued growth as well as to help bridge its deficit. A government report in July said 250 billion rupees could be raised selling stakes in state-run firms.

American manufacturing has been in a depression since 2001. This is to be expected, when politicians live only to tax, spend, and regulate our economy's productive elements. Who can blame manufacturers for building their new plants and/or moving their domestic plants and jobs overseas when their own Government and at times their own employees have committed themselves to damaging and vilifying their own companies?

Steel production is up nicely from its lows of last March, but it’s still 10% below that of a year ago. Steel was once a major factor in America's economy and the leader in employing new technology and a source of high-paying jobs - but not anymore. 

Let's keep things in perspective here: The economy is a mess and unemployment continues to climb. Additionally, looking for the silver linings and ignoring the real losses on the banks' balance sheets, along with more U.S. banks being shut down every other day, has become the latest trend. Until we do see bearish follow-through, instead of changing our stance from bearish to bullish, I am using close “STOPS” on my limited bearish positions, while waiting on the sidelines for confirmation that the Bear has returned; all the while counting all the money I am making in Precious Metals while searching for new investment opportunities in a field where we know that the long term direction is UP.  Have you noticed GBU.TO lately?   Look into it.

It's not about being "right" or "wrong" about a stock market stance that is important. (I know when I'm right BEFORE I know what the outcome is.)  It's about being "successful" or "unsuccessful" for the period that really matters.  Making money is my first objective. I leave the glory to someone else.

THE PRIMARY OBJECTIVE IS TO KEEP ONE’S HEAD (WALLET) WHILE ALL AROUND YOU OTHERS ARE LOSING THEIRS.

At this point, it's just a psychological game with yourself. Will you let your emotions dictate your actions?  Or will you look to the market and move to where the money is really flowing?  One answer will kill your account and the other will make you wealthy. Choose wisely. ...