Seeking Alpha

Nathaniel Crawford's  Instablog

Nathaniel Crawford
Send Message
View Nathaniel Crawford's Instablogs on:
  • Thoughts on Today's market action

    Markets gapped lower to start the session and then quickly melted-up as usual. The bears(me) looked like idiots once again. S&P and other indices closed higher along with commodities. Gold and the dollar closed fractionally lower. About the only standouts were the big pharma companies, which caught a strong bid due to the healthcare bill passing (good for pharma bad for US citizens). My positions did not work well considering I am short oil and the market in general. I have not made any changes and don't plan to. The market is still overbought and could easily correct if the Greek debt crisis intensifies and or the Germans put the brakes on the Greece bailout. One of the main reasons I am bearish on the market and commodities is because I think China is going to slow dramatically in the second half, which would have negative consequences for the global economy. A look at the Shanghai stock exchange(SSEC) confirms this. The SSEC peaked in August in 2009 and has been trending down since. If you look at a chart over the last few years you will notice that China often leads other markets. Chinese market peaked in late 2007 and begun to crash. Western markets held up for a while but eventually followed China down.

    Mar 22 6:52 PM | Link | Comment!
  • Final Thoughts on the Healthcare Bill

    Well it was only a matter of time before the Fabian socialists passed their beloved Health Care Bill. This bill helps to move the US from being a Constitutional republic to a communist dictatorship. It is also going to bankrupt the country but who cares. After all we print money and Ben Bernanke assured me that it is not inflationary.

    Take a look at Engels' 10 point program and tell me whether you think we are on the same path.

    10 point program of Communism

    1. Abolition of property in land and of all rents of land to public purposes. CHECK through enviromental law and zoning laws)

    2. A heavy progressive or graduated income tax. CHECK

    3. Abolition of all right of inheritance. CHECK-we have the inheritance and gift tax

    4. Confiscation of the property of all emigrants and rebels.  Not yet

    5. Centralisation of credit in the hands of the State, by means of a national bank
    with State capital and an exclusive monopoly. CHECK--through the illegal Federal Reserve

    6. Centralisation of the means of communication and transport in the hands of the State. Check

    7. Extension of factories and instruments of production owned by the State; the bringing into cultivation of waste-lands, and the improvement of the soil generally
    in accordance with a common plan. CHECK ---Bureau of Land Managment owns majority of land in the US 

    8. Equal liability of all to labour. Establishment of industrial armies, especially for agriculture. Not yet

    9. Combination of agriculture with manufacturing industries; gradual abolition of the distinction between town and country, by a more equitable distribution of the population over the country. Not yet

    10. Free education for all children in public schools. CHECK

    Communism--you are going to get it whether you like it or not!!!!!!!!!

    Nathaniel C

    Mar 22 3:13 PM | Link | Comment!
  • Suggested Reading

    Here is a list of books that I would recommend if you want a better understanding of financial markets and investing. I have personally read each book and found them helpful.

    1. Reminiscences of a Stock Operator by Edwin Lefevre--covers the life of legendary investor Jesse Livermore. A must for traders and serious investors. I have probably read this book over 30 times it is that insightful.

    2. Devil Take the Hindmost: A History of Financial Speculation by Edward Chancellor--for the history buffs. Tells you about the history of financial markets along with the numerous panics, scandals, crooks, legends, etc.

    3. The Intelligent Investor by Benjamin Graham with Commentary by Jason Sweig---the bible for value investing and recommened by Warren Buffett. This book describes how to evaluate and value prospective investments.

    4. How to Trade in Stocks by Jesse Livermore---written by the master himself this book details Livermore's trading methods and strategies. I really liked this book and have reread it on multiple occassions.

    5. Stocks, Bonds, Options, Futures by Stuart R. Veale---great introduction to different asset classes

    6. Futures, Options, and Swaps by Robert Kolb--this is not for amateurs but it goes into great detail about these complex instruments.

    7. Options as a Strategic Investment by Lawrenece G. McMillan--probably one of the better books concerning options. It is for people who already have a strong knowledge of options.

    8. Structured Finance & Collateralized Debt Obliagtions: New Developments in Cash & Synthetic Securitization by Janet Tavakoli----This book is about derivatives and their uses. Very in-depth but this is not for dilitants.

    9.Structured Products and Related Credit Derivatives: A Comprehensive Guide for Investors by Lancaster, Schultz,--Another book about derivatives that would be helpful for investors.

    10. When Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein--This book is a great fly on the wall account of the Long-Term Capital Management (hedge fund) collapse and the turmoil on Wall Street it caused.

    Happy Reading!!!

    Nathaniel C

    Mar 22 3:08 PM | Link | Comment!
Full index of posts »
Latest Followers


  • buying kewl as an cheap play on the housing market. it is a undervalued timber company
    Feb 1, 2013
  • buying more KEwl as a bet on rising timber prices
    Nov 30, 2012
  • finally KEWL is starting to move up
    Nov 8, 2012
More »

Latest Comments

Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.