| 10/16/08 10:09 AM |
#848
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Chris Akers
Hello all... it's been a busy year in the market, but profitable, so the 15 hour days have been worth it. :) I've been writing a quant software package to help pick the best stocks/ETFs to buy or short and the initial results are excellent so far. I may turn it into a commercially available package next year if the results stay consistent.
On the election and the economy - we're in sad, scary times. The stock market decline isn't unusual and is no surprise to anyone who has studied even the smallest amount of market history. What is scary is that this great nation of ours has become so enamored with the idea of being "entitled"... entitled to health care, a free or subsidized home, free transportation, etc etc. 20 years ago if you said a Marxist was going to be elected president, you'd get laughed off the street, but that's where we are today. If you're bored, do a google search on the Cloward-Piven Strategy.
So we have a choice between two big government guys - one slightly less so than the other. Both will do as they are told by the CFR (Council on Foreign Relations) just as the many politicians who have come before them. Our system of economic slavery will continue as neither candidate talks about cutting back or eliminating the Federal Reserve system... and BOTH supported the ridiculous $850B "no bank left behind" act. Instead of fixing the root cause of our current malaise, we're rewarding those who caused the problem with more power and more authority. At least McCain is mildly credible when he says he wants to shrink the size of government, but even he is falling into the populist trap. The Keynesian approach of more government spending on handouts, work programs, welfare, artificial price manipulation of the cost of labor, etc has consistently failed to bring about a recovery, so it amazes me politicians still point to it as a solution. I guess it helps buy votes and that's what really matters. ;)
See everyone tomorrow!
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