Dow average rises and so does the media BS!

Media outlets like CNN and others are making a big whoop de do about how the Dow Jones industrial averages oth are rising into the positive territory for the first time this year. Sounds good doesn't it? That what the Obama administration would love you to believe. But, before you take those numbers at face value remember the both Citigroup and General Motors were knocked off the Dow Jones list recently. How could it not go up with those pieces of crap stocks not in the average anymore. File this news in the Hello Suckers file for now.

Taking advice from Bush and Obama?

So after playing the fear card to get the Nancy Pelosi money Stimulus giveaway package passed. President Obama is now telling people to buy stocks. Nothing has changed in Washington. George W. Bush told us to go shopping after 9/11 and now Obama is telling us to buy stocks. Both spent money we don't have with their fiscal irresponsibility.

Blood on the floor

"Stock markets around the world plummeted yesterday as a financial crisis that began in the market for U.S. home mortgages spread to almost all corners of the globe."-Washington Post

Welcome to the global economy. The ripples from the Wall Street ponzi scheme known as the sub prime market has turned into a big wave that threatens to clear the beach. I hope that most of us investors survive and those bankers who came up with the idea of giving $650,000 home loans to illegal immigrants making $18,000 dollars per year and other bad risks get swept out to sea and never return.

Nuclear Power is good for something.

As is usual I picked up the POLITICO and Hill newspapers in Union Station for my trip back to Long Island from Washington. There were ads in the papers including companies like Areva promoting the "wonders" of nuclear power. I guess energy legislation is coming up in congress soon. After skimming those papers I opened up my mail and found that I was somewhat richer thanks to the nuclear power industry. Let me explain.
Back in the 1980's I was opposed to the Shoreham Nuclear Power plant here on Long Island. It really awakened my activism and involvement in politics. I did the usual things like attending rallies, wrote letters to the editors, visited my elected officials. but, I thought something was missing. That was taking my personal message to the LILCO (the utility building the nuke plant) directly. So I bought shares of stock in the company. I just did not buy one share just so I could speak at the shareholders meeting. I think people who do that get dismissed easily by the audience and the media. Lucky for me that the stock price was low and over a pretty short time I was able to buy several hundred shares. I spoke at the LILCO shareholders meeting the following year and armed with my research and statistics asked a question of the CEO about the plans for electric production when the Shoreham plant was shutdown for maintenance or an extensive outage. He could not answer it. I still remember the stunned silence from the audience of stockholders as the executive fumbled for an answer. Moving forward the Shoreham Nuclear plant never opened. LILCO became a public power utility it's gas operations were sold to KEYSPAN which was then sold recently to NATIONAL GRID. My low priced shares were finally sold to National Grid for forty two dollars a share (and had been paying dividends for several years before that to boot) When I deposit the check I feel the final cord will have been cut between me and my opposition to the Shoreham plant. But, I am still continuing to cut the cord between me and the utility companies. I keep moving forward in my own personal energy plan for Rancho de BCP aka my house. Thanks to advances in conservation and my solar additions to my house I am getting closer energy independence all the time. Meanwhile, the nuclear industry is pushing for a revival of nuclear plants. Part of me is laughing all the way to the bank. But, another part of me is ready to take them on again because unlike most other Americans and the mainstream media I HAVE READ THE MEMO!

Stock Market wisdom

Stock Sell-Off in China Hits Wall Street Dow Tumbles 3.3% in Biggest Loss Since '03

-Washington Post headline

IF A LITTLE DOES NOT GO, MUCH CASH WILL NOT COME

-CHINESE PROVERB