CNBC Stock Picks

The C earnings are  very confusing, but one thing has me saying not to buy this one:

“C made earnings by releasing funds they had set aside for bad loans”

Uhhh, what?  This is going right back to the non-conservative practice that got them in these mess in the first place.  However, as I say this is not a long term stock pick, it is going to be a great stock to day trade over the next few days.  If you have a JunoTrade account I am running a wide oscillator of -0.35 for Buy to +0.25 for sell.  See Chart of what I mean, you would have caught a nice 0.20 run-up:

The really bad news is getting harder and harder to find.  Basically, not even considering inflation, the stock market has not grown at all since 1998.  Even with all of the major calamities that have befallen our country and our economy over the past 13 years, the population has still grown every year.  Mark my words, it is just a matter of time before the stock market corrects up.  Way up.

-While jobs are not great, they are getting better.  Companies are hiring more.

-No matter how bad it gets, California has not gone ‘belly up’…they are making the hard decisions now.

-Greece did not default, nor did Italy or any of the other rumors.

-The Euro did not destroy the dollar as predicted.  In fact, the Euro is looking vulnerable now, not the dollar.

-Congress may just renew those tax cuts

-Soldiers are coming home

-Factory orders are stable

-Durable goods are stable

-I cannot even walk around in my local Costco…oh yeh, times are bad.  not.

So, think about it, then buy stocks here.

The Stock Market continues to slowly creep higher as the pundits continue to predict doom and gloom.  I think we are certainly due for a small correction, but I will be pouncing on this correction like a cat after a mouse wrapped in cheese.  Until it comes, I am slowly buying once again.  I was cash at 7000, bought back in, was cash again during flash crash, and started buying again at 9900.  Sure, I have made some missteps along the way, but I think the market goes up from here.  I will explain in detail why in next article.

17,000 more job losses at Fedex?  This is NOT good.  However, the market has proven its capability to take this news in stride.  It is possible that the market is so undervalued right now the fundamentals are catching up with the bad news.  Time will tell.

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In his personal account where he has always just had Treasuries.  This probably represents the best buying opportunity in 30+ years if we go by Buffett’s history.

I am seeing more and more articles about people thinking this is the market bottom.  This is in comparison to 2 weeks ago when everyone was saying the Dow is going to 5000.  Contrarian philosophy tell me this market is going sideways.

Faber Report is saying buy wine as it resembles bonds and art; investment grade wine.  (IGWS), about 250 wines make up this category, IGW.  Mostly Bordeaux region of France.