The laggard was down a lot more than the market today. HSP kicked ass.
The Olstein Fund that I have bought is profitable, even after fees. Remember, we had a grizzly market for a while during that period too. Anybody that bought ABT over the same time period, where it traded at $45 or higher certainly can't say they are profitable. If you wait until Kerry wins the election to sell ABT, it will have already declined 20% in anticipation. Then it's too late and you sit there paralyzed and watch it go painfully down, day after day. I wouldn't want my investing future determined by the results of a 50 - 50 presidential race. One of the reasons ABT has gone up lately is because the articulate, heroic Swift Boat Vets have taken a toll on fraudulent John (I bruised my shoulder - give me a medal) Kerry. But as the percentage of the population that either receives benefits or pays no income taxes increases, they don't care about tax policy and especially don't care about the character of the politicians. Keep the goodies rolling becomes the mantra. Dems win this battle of the goodies.
Bush pissed me off today saying he's going to sue all the 527's to make them stop the ads. If he hadn't signed the unconstitutional campaign finance reform bill, he wouldn't have this mess, although the mess is helping him because the articulate, heroic Swift Boat Vets are more credible than the vicious liberals who run the 527 ads in favor of the Dems.
I think the market advance of the past couple weeks was based on the oil price decline we're seeing now. The price decline was discounted in advance. Throw in the Swift Boat Vets damaging the fraudulent John (I've got rice in my ass from my own grenade - give me a medal) Kerry and you've got two mild tailwinds at the back of the market. But it's all discounted now. We need new positives.
I hate to see a man who gave as much as Max Cleland being used. His bitterness has distorted his vision of reality. He and other pacifists are the wrong people to be leading the country at this time and nobody questions their patriotism. Just their policies and their judgment.
Snug. TAP has two significant drugs about to hit the market which will more than offset Lupron and Prevacid declines. The price of TAP will be high to get Miles to sell. Miles needs earnings now. Not in 8 years when more in house development will bear fruit.
The gurus will be saying that the market will pick up steam "after everybody gets back from vacation after Labor Day." They say that every year and it doesn't happen. I'm still wondering if we're in the multi - year trading range that just grinds away. Sure doesn't feel like there's any relief on the horizon.
Have a good evening.
Were it not for the ruinous level of taxation on American companies, and Clinton's boys never missed a chance here, as well as the overboard environmental demands and Teddy Kennedy's f'ing brilliant ideas on minimum wage, we would not have forced so much outsourcing to foreign companies, outright removal of factories to Mexico & elsewhere, nor would thousands of businesses have been forced to trim employment rolls. The conspiracy to prevent responsible drilling in Alaska, and thereby escape the dependence on the middle east, boggles my mind.Add to that the equivalent of a 5% tax due to baseless tort actions brought by the likes of Johnnieboy Edwards and runaway oil prices ,and I would say we are doing damn well just to be treading water. Nonetheless, aren't we at the highest level of employment in our history? Most of my mates are self employed in a variety of capacities, and I have not heard one of them complain about a lack of business.
I remain employed and have seen my wages increase and the amount of my monthly mortgage payment decrease. Also, bought a new truck, for hauling the horses, for 0%. Life is good.
Annoy a liberal - work hard and be happy.
I did not know that about Cleland. I thought his amputations were from battle related injuries.
I feel bad for him. We do not need doves or those on the fence running the country.
I'm not going to start a fight on the board, because I am not emotionally invested in whether you guys make money or not. NFI is safe, secure and it's going to $150 within 5 years. Probably 3. The dividends are growing rapidly too. As a poster on that board said. "It's a compressed, coiled spring."
ABT will be lucky to see $60 in 5 years. HSP will see it in 3.
I do not think the Kerry media have made that clear about Cleland. Silence can be the same as lying.
I wonder if the media has known about all the New York snowbirds who vote Dem twice. It is hard for me to believe this was not known by someone and for a long time.