Fritz Hottinger

Dow 10,000: Caveat Emptor

Comments on my orig comment seem to have devolved into a discussion of Business and Ethics, which is all to the good. The better we understand the true forces that underpin our free enterprise system, the better off our country will eventually be.

Let me offer few words of counsel from my 1976-8 Business Ethics MBA course:
"It is the responsibility of the Board of Directors to see that their chosen management runs the enterprise in a fashion that gives equal concern to all the "stake-holders", meaning
customers, employees, shareholders, suppliers, local community, and the environment."

IMVHO, too many BOD's are taking care of themselves and Mgnt with bonuses, options, etc, and stake-holders be damned.

And that BOD we have voted into place in Wash, DC is no better.
Their basic goal appears to be creating sufficient groups dependent on govt largess in numbers large enough to insure success when their re-election votes are counted.

ps// Debate on term limits for another time - - - "with term limits the unelected staff will have control because it take the new-comers at least 9 months to be able to find their way to the lavatories." Quote from a friend who was Chief of Staff for House Appropriations Committee.

State of the Union: Bleak, But There's Hope

Yes, the charts are meaningful, and so are your words.

However, you ignored the elephant in the room - - - the political forces currently in power, i.e., "Chicago politics" currently being enlarged in Washington, DC. to encompass the lower-income bracket nationwide.

The Obaama Administration is in the process of expanding the number of voters (legal and illegal) who depend of government largess; and unless there is Road to Damascus revelation in Congress prior to year-end, it is likely that the budget-busting policies underway will soon become law of the land.

Doubt there are enough brave politicians in DC to hold up those charts in front of the on-coming train to have the engineer apply the brakes.

Would like to read suggestions on how to bring about an "emergency stop".

Don't Let the Headlines Fool You

Sorry, Forge - - - did not phrase myself very well. I did not mean that just those last words were meritorious. I do agree with the entire thrust of your post - - - just found your "I think" closing a very succinct, and true way to spread caution. That is what i picked up on.

PS// Glad you are finding the Hottinger E-Zone System useful.
Will appreciate your feed-back as you gain experience with it.


On Oct 13 07:28 PM forge98 wrote:

> Fritz,
> I think it's safe to say we agree. I have been learning how to utilize
> the Hottinger signals on your website. I have a trial subscription
> and it is fascinating. Thank you for saying that two of the words
> in my post bear some merit. Thanks. Forge

Don't Let the Headlines Fool You

Forge, your last 2 words bear some merit.
We have to ask ourselves why Obama and his Administration are supporting a renegade President of Honduras, who was removed from office for attempting to change his country's constitution so he could hold office for more terms. Essentially he was taking a page out of the Castro and Chavez play-book, on how to gain control and rule without further challenge. (They were able to succeed because they duped their citizens into believing the govt would always take care of them.) Is this not what we are approaching here in the good old USA?


On Oct 10 05:51 PM forge98 wrote:

> I, for one, do noy think Larry Summers is a bafoon. As a matter
> of fact, I have a suspicion that "they" may not be listening to him.
> Summers was a huge part of the continued globalization of the markets
> under Clinton. Of course, this was started by Reagan. I think he
> is a free market thinker, and certainly a globalist. The present
> admin's course is, in my view, not one of embracing the freedom of
> markets around the world. Tariff's against China or anybody else
> only hurt the US consumer, IMO. I'm very concerned for the short
> and intermediate term well being of our country. Long term I believe
> we will sort this mess out because we are still free to change the
> process at the ballot box. I think.

Why There Will Be No Recovery and Markets Will Trend Lower

Enjoyed reading Kimball Carson's article, not because we belong to the same alumni assoc, but because he seemed to hit the nail on the head.

Would also like to hear from him about the possibility of other historical events that have occurred to lift a country out of recession/depression: wars.

PS/
from one sailor to another, fair winds and smooth sailing, Kimball.

The 10 Best U.S. Dividend Stocks

For what it's worth, you might want to put MGEE on your list as #10.
Dividend history has been remarkable and steady, and it sells a product that has fairly inelastic demand.

Don't Let the Headlines Fool You

Thanks for all the follow-up comments, and particularly the debate about unemployment being a leading of a lagging indicator.

IMHO, the newest and most accurate leading indicator is the public's distrust level of this Administration. Today we are given new data from the Dept. of Labor that "unemployment level has fallen".
All those putting faith in these words, get in line to buy the bridge I have for sale.

More Market Swings Are on the Way

If you read anything more on the workings of the PPT, i would be grateful if you would pass it along.

Thanks for your comments!


On Apr 03 10:57 AM J. D. Swampfox wrote:

> The manipulation of the markets by the PPT is one more variable added
> to those which market participants have to try to take account in
> estimating the value of securities. As more variables are added,
> the level of uncertainty rises and with increased uncertainty (risk),
> the discount rate rises and values fall...