This economy is killing me man. The news is always conflicting. Durable goods orders are up 3% but so are jobless claims. Until we get the jobs going again, the market is going to remain volatile and frozen. It is a total trader’s market. In an environment like this volatility is going to make following this daily a long term investor’s nightmare and opportunity because on days where equities dip you can reduce your cost average. Then, if the real economy picks up small caps are usually the first to move in the market. You can make some good bank.
The interesting thing is Project Mayhem happened. Instead of having to blow up the credit card buildings, the credit markets froze on their own thanks to deregulation and bad financial instruments. So we are all starting over. Believe it or not this provides for great investment opportunities (you have to be working of course, not so easy these days). And we need health reform. Obama is having his summit today. I saw Anthony Weiner the Rep from NY show some balls yesterday and call the Repubs subsidiaries of the insurance industry. Well like Tyler says, we are pissed off! Tired of companies getting more preference than us. While business is important in the times that we live in, people are more important. We are out of balance in our priorities. We will probably be struggling for a few more years. But lets overcome this energy challenge. We actually have a real purpose now. I don’t feel the need anymore to punch some dude in the face. I want to punch Oil in the face. Ween off of it, heal our addiction, stop funding those that want to hurt us. Call it Project Independence. The first rule of Project Independence is that you do not talk about Project Independence.
My interests for the long term are energy, technology, and banks. Energy is the biggest challenge my generation has ever faced. Finally! My generation actually has something real to face. Not just some bullshit, whiney lifestyle obsessed cultural crap anymore. In order to keep moving forward my generation will have to face the energy issue. Only with the combination of technology and alternatives will we accomplish this task. I would like to see more of my generation talking about these challenges and how the world, with globalization will conquer that as well. That is why I like Natural Gas and I am thinking about adding to my position in an OTC stock. PTOS.OB. They are a solar company that is trying to work out a deal with India. India has over a billion people and they need cheap energy. This could be a good emerging market play that could yield big results. I will keep you posted.