Boxing Lessons With Erik Kelly

Your career as a successful boxer has suddenly come to an abrupt end.

So in early 2007, you bought an over-priced home thinking you could quickly flip it for a profit. But, by late 2007 you found yourself underwater, fooled by Wall Street and all of the financial "experts" telling you that the economy was on sound financial footing. Then in early 2008, you lost your life savings after investing in their much-heralded stock picks.

Now your mad as hell and looking to get even. So, what do you do?

You become a boxing coach to the miscreants who led you into that mess.

Weekly Wrap

Like I said before, this is only a temporary pullback.

Once investors realize that the Fed and their European counterparts won't allow failure, the S&P 500 will be right back where it was at the beginning of the year.

Is The U.S. Financial Sector Criminalized?

Since my opinions don't seem to carry much credibility, I thought I'd post this video excerpt of Tavis Smiley asking the tough questions to an unconventional, but highly-acclaimed filmmaker, Charles Ferguson, who won an Oscar for Inside Job, his film on the financial crisis.


Watch the entire interview on Tavis Smiley.

Every Journey Begins In The Mind

Fear is an extremely powerful force that can easily be manipulated by a few powerful monsters with their own sinister agendas.

Perception is reality when it comes to short-term market movements, and it looks to me that right now, some traders and investors are letting their imaginations get the best of them.

Weekly Wrap

Yes, I'm still here, and although I haven't written anything lately, I'm still following the stock markets.

I've remained bullish on the stock markets, but had the feeling that other investors might be uncertain after the S&P 500 crossed 1400-point level. So, like I usually do during periods of uncertainty in the markets - I do nothing, sit back, watch, and patiently wait. I'm not really worried that the market's going to crash anytime soon. Like I've said before, there is no way that the current administration is going to let that happen, especially in an election year.

But, if you don't subscribe to my corruption theories, and simply focus on the numbers for the past month, you can see that the markets really haven't found a direction, and that the herd is basically chewing on their cud, awaiting a signal from herd leaders before deciding which way to head.

Personally, I don't see any seriously wrong on the horizon that might spook the herd, so I'm just patiently waiting for them to keep following the lead of their own kind - the bulls.