Today's Report:
Ok you've done it. You've baited me into this, and I am now awaiting my demise.
I'm not going to play fair though. I'm starting with all cash and today is day one. I just don't have the energy to post all I got and where and when I got it. Nonetheless, I'll do my best to keep up with regular reports on how my army of predominately Washingtons is fairing at recruiting compadres.
My first few stock picks are:
A chunk of LLY. Tend to think there will be a flight to quality soon. Drugs are largely defensive stocks, and the market seems good. P/E's are too high, but globalization will continue to fatten the bottom line. The socialistic thunderstorm has begun to dissipate and I believe the moon and stars are in alignment.
A dab of MLNM. A largely speculative play that may prove to be a 0 bagger someday, but nonetheless, as you guys have your expertise, I have mine.
A chunk of HMC. Tend to like the Japanese car makers here even though the falling dollar and idiot Japanese seem hell bent on taking truckloads of their own currency to the dollar bonfire. Stellar numbers from Toyota and rising demand in Asia will fatten the profits. This position may change really soon if the dollar continues to crash this year. I tend to think the credit crunch, if and when it arrives will catch the vast majority off guard, a point validated by the large numbers of pimply face kids flipping me off in their leather clad BMW's.
Jay has convinced me that the gold hoarders have escaped their reinforced bunkers and are changing the dynamic of the markets. As such I'm looking at metal and energy futs and will make my choices accordingly. Looking at drillers and diggers stocks but I haven't decided which I like for the long haul. With the Dow/Gold ratio making historical and fibonacci like numbers over the last few years, and stock market valuations at historically high levels, weakness in gold futures due to bogus dollar strength might be a good time to begin late night digging of holes in my back yard in preparation of things to bury.
For futures plays:
Oil although seasonal may not be politically in vogue. Excuses from Oil producers last year lead to a nasty backlash as gas prices skyrocketed. Add in the shrubya pucker factor and recent changes in the Middle east and we may just get our lower costs of oil. I'm waiting and watching before I decide to pull the trigger.
Ag futures look attractive here. Declining dollar prices mean increased demand from overseas, combined with the potential for rising energy costs, could align the stars in my favor. Looking at charts, corn and wheat seem happy. I'm looking for breakouts.
That will probably do me for today.
Let the fun begin.
Voodoo |
