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Last week, after Citigroup reported a net loss of nearly $10 billion for the quarter, the New York Stock Exchange had its biggest percentage drop for a January in 17 years. Between Monday and Friday, the DJIA dropped more than 670 points. The S&P and NASDAQ posted similar losses. This doesn’t look good. There is an old saying on Wall Street: “As goes January, so goes the rest of the year.” (And this has been borne out statistically.) My friend The Chartist Gnome is recommending that his clients get out of nearly all of their stocks–with just a few exceptions …
Dear Mr. Rawles, Would you buy stock in Allstate Insurance or Farmer’s Insurance if you knew a tsunami was going to hit the entire East Coast? If you had foreknowledge of such a catastrophe, you certainly wouldn’t put your money into insurance companies, because no insurance company could cover an event that huge. I believe that something analogous is what is now happening in the financial markets. Savvy investors are getting out of financial insurance companies that may be asked to cover huge losses projected to occur this year. These Wall Street companies insure pension funds, CDOs, hedge funds, and …
Jim; I recently purchased a Mossberg Model 590A [12 gauge] riot shotgun. They are a lot cheaper than the Remington tactical or other brands and I feel more reliable–also the opinion of many in the military Here are the specification differences from a standard Mossberg Model 500: – A steel receiver as opposed to aluminum alloy – Extra thick walled heavy barrel – Metal trigger guard versus polymer – Metal safety [button] versus polymer – Ghost ring sights – All matte finish – Has 8+1 versus 7+1 capacity The shotgun performed as expected–flawless, digest all ammo, good handling/target acquisition,and lots …
General Motors CEO says that oil has peaked. As I’ve said before, vehicles with a diversity of fuel sources is a good thing. If possible, retreats should have a variety of diesel, gasoline, E85, electric, and LP-powered vehicles, just to be ready for any eventuality. (A hat tip to Jason H. for sending the article link on the GM CEO‘s quote.) OBTW, I’m currently building up savings for a Bad Boy Buggy electric ATV to supplement our aging gas-powered utility ATV. o o o Statistics from Memphis, Tennessee, show that concealed carry works: With more people carrying guns, self-defense …
"A ready person never needs to get ready." – Oswald Chambers