Positive and Negative

I seem to be stuck in the cycle of posting a lot of negatively charged blogs. I am just writing this so that I can become better aware of my own hypocricies in an attempt to have a better understanding of myself.

For the most part, I practice what I preach to friends and family alike, however, I think I might need to learn how to better preach what I am trying to practice.. ya hear?

That is all I have to say for right now. Thank you to my friends and family for calling me on my shit. You help make me a better person!

Gnite and have a great weekend everyone!!!!!!!!!!!!!!!!!

Look forward to a positive shift in my future postings and I ask that you PLEASE hold me to these words. Because, like pretty much everyone else, I am not going to be able to go it alone.

... predictions ... just don't quote me on it.

The market has reached the halfway point in what will ultimately be termed "The 21st Century Correction."

I am sticking with the original predictions I made (albeit to myself) about a year ago. Between now and the 2nd quarter of 2010 the DOW will break through 5,000 and find resistance just slightly above 4,000. From here we will slowly start to recoup our losses.

Market volatility will remain high for at least the next couple of years... So trade with confidence, conviction and without your ego (easier said than done).

Long term, the biggest winners will be companies like Netflix and Intel but I am certain that a lot of other buying oportunities exist with smaller companies sporting clean balance sheets.

With this said, I believe that most traders will be safer on the sidelines until the second half of 2010.

Oil companies, gold and China are clear favorites right now.

Disclaimer: I am not a professional trader nor an economist. I am merely an artist living in Los Angeles with a strange affinity towards news, politics and stock picking. Please do not take my suggestions seriously, for you will find that you are much better off formulating your own opinions and strategies based on the collective information that you discover and absorb for yourself. And hey, if you have any thoughts or comments about these market predictions I would love to hear about them!

Until next time, keep your eyes open and your head up.

John Goes to the Beach

A trip down to the world famous Santa Monica pier turns into a time of deep reflection for friend and confidant John Francis Conway.

This is how they get ya:

Ever wonder what investment banking people are talking about when they mention "shorting" a stock? Essentially, these people make money when the stock drops because they are betting that there will be a significant decrease in the stock's price... so it wouldn't hurt to know in advance that a company or industry (or try "world economy") was destined to bite the dust.

I am not saying that short selling is the main reason why we are in this economic predicament... Short selling is but one strand in the destructive web of financial leveraging instruments aimed at HUGE returns for the people that are wealthy and educated enough (aka the people that currently hold the "leverage")to play the game.

Bear in mind, only the people with the deepest pockets were able to place their bets.

Mobile Blogging from here.

iBlogger on my iPhone :)

Rock climbing in Echo Cliff's with Christopher Reed and Peter Kitch. Shot this a few months ago but only recently put the video together... it was shot using a really small digital camera so it has that very crisp blurry feel that few cameras these days can achieve.

Peter and Chris Echo Cliffs Climbing Video

[Posted with iBlogger from my iPhone]

My Endorsement: