Agoracom Blog

It Would Be Hysterical If It Wasn’t So Sad

Posted by Peter Grandich at 8:03 PM on Friday, July 3rd, 2009

This video can cause extreme laughter and excessive throwing up. The answer is no to all those who ask if CNBC-TV is a comedy channel.

Update 11:30AM DST

Posted by Peter Grandich at 11:34 AM on Friday, July 3rd, 2009

Please Note - I will be interviewed live on Korelin Radio tomorrow at 3:30PM DST. I also will be live on Blog talk radio Tuesday at 10AM DST.

If memory serves me, today mark’s the beginning of the return to happier times. Wasn’t the “Don’t Worry, Be Happy” crowd on Wall Street wildly predicting a recovery starting in the second half of 09? Didn’t CNBC-TV tell us these (cup is always half-full) soothsayers saw green shoots turning into beautiful roses? So why not just kick back, fire up the old barbecue (which only has six payments left) invite the neighbors over (just remove the mortgage delinquent notices from your table), even those who have had to move to losing their jobs, homes, etc., and turn on the TV and watch your President tell you how wonderful things are going to be if you all just simply follow him (I understand he has a new teleprompter for the second half).

U.S. Stock Market – Poor “happy” people. Their July 4th holiday weekend was turned upside down by of all things – reality. How dare something called “unemployment” ruin fantasies of green shoots for everyone. The audacity of people actually realizing a teleprompter can only take you so far. Didn’t they get the memo?

I must admit, I’m extremely frustrated that the investing public gets absolutely annihilated by so-called professional advisors whose very job was to protect from the disaster that has now crippled them, only to continue buying into their pied-piper analogies that have no real legitimacy of chance. Would the public go back for another operation by a doctor who crippled them the first time? Would they still use an attorney who was supposed to protect them but instead cost them their freedom? Of course not so why then do they stay with advisors who failed them at the most critical time?

One of the hardest things for humans to do is to change. When you combine that with another terrible fault – unable to admit fault, you can begin to understand why so many investors still are pretty much situated they way they were before the disaster of the century unfolded (at least those who still have something left to pray for a miracle over).

As it becomes more evident that there was no new bull market born but rather just another bull fantasy spun to benefit the spinners, the secular bear market will do what it always does, inflict more and more pain until enough people truly throw in the towel (if they have even a towel left at that point).

I’m delighted to have provided ample profit opportunities and to be on the sidelines cashed up and stress-free. Don’t let all that money cause an itch for action. The world would kill to be in our place and may end up having to if things get as bad as some say.

Oil – Now that we got our close below $68, my target of oil back in the 50s has moved up several notches. Don’t expect a rapid decline but I do think those who implemented bearish call spreads on oil and oil equities are now sitting pretty.

U.S. Dollar Poor old Uncle Sam. It wasn’t that many years ago that the Fourth of July would make him beat his chest, raise his head high and march down main street USA with pride. The day would be topped off with fireworks only many towns can’t afford them and have canceled fireworks shows. The one country with “real” money continues to call for putting old Uncle Sam out to pasture. Me? I think of only one song now when contemplating the dollar’s future.

Gold – Funny how the $940 area is aggressively sold every time it’s hit. I continue to believe one refrains from any new gold purchases until we can stay above $940 for at least a few days. Once we do, $1,000+ becomes a question of when, not if.

Bonds – I would be very concern about holding most types of bonds going forward. Besides an eventual spike up in interest rates regardless of the status of the economy, the sad state of affairs with most States is not being priced into the markets yet. I strongly suggest those of you dependent on bonds for income give serious thought to a portfolio review ASAP.

Mainstream media appears to be heading the call of finding new ways to make ends meet. And never to be out done, good old Congress continues to do its part of spending our way back to prosperity.

In Regards to the Fourth of July

Posted by Peter Grandich at 9:57 PM on Thursday, July 2nd, 2009

We Want America Back!

America will never be destroyed from the outside.
If we falter and lose our freedoms,
it will be because we destroyed ourselves.
Abraham Lincoln

Holiday Homework for Americans

Posted by Peter Grandich at 11:39 AM on Thursday, July 2nd, 2009

In a country where its media can spend days nearly exclusively covering the death of a celebrity, its time once again for America to listen to a voice that actually foresaw this economic “Thriller”. Mr. David Walker may not “moon walk” but he’s been a financial prophet and a gift from God to those of us sensible enough to listen.

As always, I urge you to send this video to everyone you care about as I believe its the most accurate fore3cast of what’s still to come.

Excellent Research Report on Gold

Posted by Peter Grandich at 8:42 AM on Thursday, July 2nd, 2009

“In Gold We Trust”  Just highlight little PDF link when you open page

I Never Thought I Say This

Posted by Peter Grandich at 9:05 PM on Wednesday, July 1st, 2009

Hooray for Helen Thomas and CBS News for (are you sitting down?) asking a tough question to the Obama Administration.

I suspect because they dare challenge the way the new Messiah controls things, they will no longer share in the cream puffs.

Upcoming Conferences and NY Jets as Speakers

Posted by Peter Grandich at 4:17 PM on Wednesday, July 1st, 2009

I will be appearing at the following conferences:

I’m very pleased that some of my NFL friends are now part of my expanded “Speakers Bureau”.

Grandich NFL Fantasy League Tip For 2009 - Write this name down-Chansi Stuckey. I predict break-out year for this NY Jets Wide Receiver and All-Pro is in his future.

Canada to Invade U.S.A.

Posted by Peter Grandich at 11:37 AM on Wednesday, July 1st, 2009

Video

Happy Canada Day!

Posted by Peter Grandich at 11:55 PM on Tuesday, June 30th, 2009

Have a most blessed holiday Canada!

Road Trip

Posted by Peter Grandich at 3:27 PM on Tuesday, June 30th, 2009

Debt Road Trip