Pops Buffett was opposed to the idea but finally gave in and said fine, I don't understand it but if you feel that strongly about putting up Halloween decorations even though its not Halloween, I will not stand in your way.
Turn of foot is a term that's used to describe a horse that has the ability to put on a burst of speed and separate themselves from the horses they are running with. Not many horses have that ability and only some of the great ones have that ability. Big Brown and California Chrome had that ability but I think the greatest example of turn of foot today is from a horse named Beholder. Beholder is a horse that can display that ability more than once in a race and I have never seen that in my life of following the horses. Big Brown and California Chrome had the ability to come to the top of the stretch and bury the competition in the stretch with their turn of foot but Beholder is the only horse I have ever seen that can do it more than once in a race. If you want to see what I mean by turn of foot you should google '2015 PACIFIC CLASSIC YOUTUBE' and watch the video of the race. Its a race that Beholder won. She ran most of the race in third place but on the final turn put on a burst of speed and passed the two horses in front of her like they were standing still. Then when they got to the stretch she had the lead and seemed to be satisfied but the horses were starting to gain a bit on her. The jockey just asked her to run again and she put on another burst of speed (turn of foot) and pulled away from the pack and made it look so easy. Keep in mind that the rest of the horses were no dogs. This was a grade I race with some of the best horses in the country. That's why I so badly wanted her to run in the Breeders Cup Classic because I have no doubt she would have blown American Pharoah away. She got a slight injury and was held out of the race. This is why I think she is the best horse in the country right now. And yes Beholder is a female which makes it even more remarkable.
Sorry, I was just watching the Robert B. Lewis stakes, one the Kentucky Derby prep races and it hit me that I posted Super Saver as the only horse to ever win the Breeders Cup Juvenile and the Kentucky Derby. Super Saver did not win the Breeders Cup Juvenile. It was Street Sense who pulled that double feat off. Just got my double S horses mixed up.
One more thing I forgot to mention. Not only is he very talented but he has the two traits that make for a great Kentucky Derby horse. He has pretty good early speed and a wonderful turn of foot for that stretch run.
Time to start looking at who looks the best to win. Its still early and we need to see how horses progress and if any of them get injured, so things can change. Right now my pick to win the Derby is MOHAYMEN. He is really progressing quickly and appears to have a boatload of talent and not only is he fearless and doesn't shy away from running in tight quarters but seems to relish it which is a great trait to have in the crowded Kentucky Derby field. Most people have installed Nyquist as the early favorite after winning The Breeders Cup Juvenile. Most people will make the winner of the Breeders Juvenile their early Kentucky Derby favorite but although he's a very good horse I don't think he has what it takes to win the Kentucky Derby. Winning the Juvenile is hardly a big step toward the Kentucky Derby. In fact odds are against it. In the 31 years that the Breeders Cup races have been run, only one winner of the Juvenile, Super Saver, has gone on to win the Derby so if you go strictly by odds, the deck is stacked against him. No matter what the odds say, I just don't think Nyquist has enough talent to win the race. Both Mohaymen and Nyquist already have amassed enough points to qualify to run in the Derby. Mohaymen's next race is scheduled to be February 27 in the Fountain of Youth Stakes and although the owners and trainer haven't indicated so, the natural progression for most horses that run well the Fountain of Youth Stakes is to run in the Florida Derby as their last race before Kentucky and I suspect that's what they will do with Mohaymen. I'd say there's an outside chance that they would run him in the Blue Grass Stakes instead of the Florida Derby since Keeneland has gone back to a dirt surface but I consider that doubtful. I'll keep you posted on any further developments but lets get ready to make some money in the Derby.
What's really fun is that I've been cleaning up at Sam Houston Park in the Houston area and been doing quite well at Delta Downs and Fairgrounds also. I just love taking money from those southerners. Of course, I have had my problem tracks too. I can't seem to even cash a ticket at Aqueduct or Turf Paradise. They call Aqueduct 'The Big A' and that's what I'm calling it too only the A means something different in my opinion than what's intended. I will be so glad when Aqueduct's season ends and they start running at Belmont in New York again. I am to the point where I won't even place a bet at Aqueduct or Turf Paradise. Come down south with me and make some money from the dummies though. Not just winning but hitting some really nice long shots. If you know nothing about racing than just bet on all the turf races at Fairgrounds that Florent Geroux is riding in. He is the best turf rider in the country and quickly becoming one of the best dirt riders in the country also. He is so smart, so fearless and gives 100% each time he's out there. He will make you some money. Later tender foots.
to remind you that February is Black History Month. Remember each day to give yourself an education and learn about about all the great things black people have done to make our lives much better and much easier. The list is endless. Just give a quiet thank you to all these great people.
and after the markets closed it released earnings and is tanking even more to more new lows. Between IBM and WMT alone, Pops has to realize that he is lost in this stock market thingy. Pops Buffet reminds me of the 40 year old major league baseball pitcher headed for the hall of fame and having won four Cy Young awards but still pitching and posting a 15 ERA. Some people would know their arm is shot and they are done and retire but the guy like Pops is saying give me the ball, after all I'm a four time Cy Young winner. Come on Pops, Holiday Shores Retirement Village is waiting so just go enjoy your retirement and if you practice real hard you may wrestle the Holiday Shores shuffleboard championship trophy away from Gramps Cavanaugh.
If you recall, last September I guaranteed that there would be a rate increase by the FED by the end of 2015. I knew this because in September, Dennis Gartman came out and said their would be no FED rate increased in 2014. I have never seen a guy that is so wrong all the time as Gartman. He's the one that was screaming for people to buy gold at $1840 because it was going to $3000. For as long as I can remember the guy has been wrong on everything from bond prices to stock movements to where the economy is headed and everything in between. Now he said today that any bounce in stocks will be short lived. That means its time for you to load up. How this clown can get anybody to still pay him for his newsletter is beyond me unless people value it as the greatest contrary indicator ever.
"Any bounce in U.S. stocks will be short-lived, widely followed market watcher Dennis Gartman cautioned on Tuesday.
The warning came as U.S. stocks were poised to open higher following data that showed China's economy grew by 6.8 percent, easing fears of a more significant slowdown."
This is the worst start ever in a new year for stocks. My post from the end of the year nailed this one of the head. I think you realize by now that it's more than luck when I nail call after call. The buy and hold crowd is really suffering while the smart traders are set up for one of the big clean ups of all time. It really is easy to make a lot of money in these markets if you know what you're doing and smart enough to recognize what's going on. Again, its not about the oil, not about China, its not about N. Korea or whatever boogeyman they want to throw out to make you believe. Our economy is very sound. Its just the games being played and those who know how the game is played are going to come out with huge gains this year. Watch and learn. A month from now you won't hear a peep out of the wall street crowd about oil hurting stocks or any of their other lame excuses that they are using now to fool the masses. Now lets all enjoy the day off and pay our respects to MLK for all of the great things he did for this country. I love this game. Later Gator Breaths.
About an hour and twenty minutes until the first race but I've already placed a bet in the second race. #2 across the board. Oaklawn Park is in one of the few states where the horses are smarter than the people.
Pinch me to make sure I'm awake. This is too good to be true. As I told you we needed to be out there buying on Wednesday when the markets were down a lot. Yesterday the markets shot up and we were willing to take some great profits. Now the markets are going to be down big this morning and I will be buying like a mad man. Could we be once again entering some of the great trading market times of all time? You can make a fortune in very little time in markets like this. I'm heading right now to start buying. Later weasels.
Okay boys and girls, ladies and gentlemen, the time has come. Its time to put on those shopping shoes and start picking up some of those great bargains out there. There are many stocks in great little companies that are selling at amazingly low prices right now and even if the markets go down a bit more they will probably go up just because they have become irresistible. There are even a few good buys in larger companies although they won't give you the return that the smaller companies will. I like the small stocks but if the larger companies are your preference than go for it. Just remember they have to be great companies with a great future so by all means steer as far away from companies like WMT. That's just throwing your good money down a good toilet with a bad result. Now lets put those shopping shoes on, get busy and make a fortune in Obama's America.
The markets may be down this morning but did you notice that Shaw Communications (SJR) is up over 8% today. I told you how they got hit after they bought Wind Mobile and you should buy because it would be a great fit for the future. Now they announced that they are selling their video content business and concentrating on mobile. This is where the great growth will come from and they can use the money to fund the buy of Wind Mobile instead of going into debt. Realistically the value of this company right now is about $38 a share and will increase over time. The analysts once again are too lame to see it. Anyway, you're welcome.
He returned to the race track yesterday after a long layoff. He hadn't run a race since last March. Last March he ran in the Dubai World Cup and then was shipped to Royal Ascot in England to run in their biggest race of the year. He injured his hoof before the race and couldn't run. He then shipped to Chicago to run in the Arlington Million but once again sustained an injury and couldn't run. Then they shipped to him to Keeneland Race Track in Lexington Kentucky but was still unable to run. They then shipped him to Santa Anita Race Track in the Los Angeles area and he finally ran yesterday in a Grade II stakes race and won easily. It was so wonderful to see that great athlete on the track again, where he belongs. He's really a Grade I stakes horse but its not like he didn't have any competition. There were two horses in the race that had Grade I wins. It gave me goosebumps to see him on the track again. I don't bet horses with very low odds but just to show my support that he was back I put two bucks on him to win. He was 1-5 when I placed my bet but ended up 3-5 which was a great price for a horse like that. I would have bet more but was too late to get another bet in when I saw him tick up to 3-5. He paid $3.20 to win. They plan on running him all of 2016 and what a treat that is to see a Kentucky Derby winner running at age 5 instead of putting him out to stud where they can earn a lot more. I think he may end up being horse of the year and cap his career off with a win in the Breeders Cup Classic at Santa Anita in October. His full sister Hopes Love also was injured last June after her first race and ran her first race back about ten minutes after Chrome won. She didn't fare as well. She got a bad break from the gate and finished fifth. Even with the bad break you could tell she wasn't in shape yet. Give her a couple more races and I think she'll be on the winning track. Later large heads.
Speaking of the horse races. I saw something the other day that I've never seen. It was a 1-1/8th mile race and they had to cross the finish line twice which is not unusual but what happened is the horses went all the way around the track and when they came into the stretch, the starting gate still had not been removed. My horse was leading and looked like he was strong enough to win but he had to veer out to miss the gate although the gate was slowly moving off by the time he got there. It was declared a non race by the racing stewards. Cost me some money. I've often wondered what they would do if they couldn't get the truck or tractor running that moves the gate off the track. I don't know if that was the problem and they finally got the tractor started but that sucked.
By the way, if you're like I am and patience isn't your strong suit, just play the horses like I've been doing. Great fun and you'll get your action fix. I've got some hot ones lined up at Charles Town tonight.
Just an update on the markets. As I said this is just all part of the game and as I indicated the time was ripe for them to start playing the game to take money from you and that's why I indicated I wasn't buying until the game is almost over. Its just a game so don't believe all the nonsense you hear on the business stations or read in the business publications. It really has nothing or very little to do with what they're telling you. Its just a cover to hide their game. Its not China although it could have a minor effect on some stocks and its not currencies and that could have a minor effect on some stocks. Its certainly not N. Korea because that is 100% meaningless but they will drag anything out of the bag to get you going and its not terrorism or anything else they throw at you right now. I could give you 10 reasons why the markets should be up but that would sound just as good but they too would be meaningless. You have to be smart enough to understand and recognize the games. I did make a couple quick trades at the open this morning and sold shortly after that for some decent gains but I wouldn't advise you trying that. Its still not time to buy but they are playing the game more forcefully than I thought they would so that buying opportunity may now come before the end of the month as I was guessing. It sure is nice thought to have a ton of cash and seeing everything getting cheaper and cheaper. Its like ten Christmases rolled into one. If I get the chance I'll be back to let you know when its time to start jumping in again. Once more, don't believe any of that silly nonsense you hear from the business media. Sometimes conditions do warrant a big selloff like the Bush disaster in 2008 when Bush almost ruined the world and we're still paying for that but aside from a disaster like that the markets are controlled by the game players. So just be patient and we will get out opportunity.
Are you beginning to understand where I was coming from? Hope everybody listened. I am on the prowl for really dirt cheap stocks today. My guess was that the end of January may be the best time to buy stocks. We'll have to see how this plays out. Like I said, you have to keep monitoring the situation. It may come sooner with the start we are getting to 2016. I knew the game was coming soon. Do you go to bed each night being thankful that you have me on these boards to guide you or did you stubbornly say he can't be right again and I hate Democrats so I will go against his advice and now are losing your behind today?
Just stopped by for a minute to give my end of the year take. As you know I usually go on a stock shopping spree toward the end of the year and make a bundle in the first couple weeks of January. So you would think that with the markets being down today that I would have my shopping shoes on. No, not this year. You have to recognize the games being played and act appropriately. The only stocks I will buy right now is if I find any that got absolutely slammed and are at a ridiculously low price and hold them for a trade. This year is different from any in recent times. I suspect the game they are playing will play out to mean maybe the end of January will be your next good buying opportunity. Now that's not written in stone. You have to keep monitoring the situation and act accordingly to the way it plays out but right now the end of January is my best guess for the next buying opportunity based on what I've seen so far. Anyway, the volatility this year has been absolutely wonderful and I've had an amazing record setting year. Thank you to President Obama for presenting me with this opportunity. Anyone had this same opportunity this year but they had to have a brain to go along with that opportunity. So good luck in the new year to all and be smart about how you invest. Or else you can continue to hope WMT will make a comeback and lose your rear end yet again next year. One sure bet next year though is that the Democrats are going to destroy the republicans next November. Later Trump suckers.