Prudent Man CFA

U.S. Market Investments = Speculative Bets

The stock market is discounting recovery. The bond market is discounting deflation. The housing market is discounting who knows what. The oil market is discounting stagflation. No one is discounting inflation, except oil and the dollar, and the economists are saying the don't see any on the horizon.

None, all, some, few, etc. are wrong. So much for putting big bets on the ability of markets to discount future events.

Asset Allocation: The Key to Proper Diversification

All stocks and most bonds are speculative, regardless of the, obviously shabby, ratings. Pre- restructured AT & T, GE, GM, etc. were, at one time not so long ago, considered riskless. For those of us who got a good financial education and not a prestigious degree we learned better.

Most people do not have the assets, temperament and/or time to properly invest in stocks. Profits and growth are not an entitlement for governments, citizens or businesses. Anyone who has not learned that in the past six months never will. Furthermore, drill into any ETF you buy and watch for conflicts of interest by insiders who basically construct the ETF.

Welcome to Wall Street, Barack Obama

Of course, the most important issue for a president usually should be National Security as, in reality, Congress, especially the House where all spending bills must generally be introduced, have much more power of the economy than the president.

Barack Hussein Obama, Commander-in-Chief of the United States of America just doesn't resonate with this Korean Veteran, nor my deceased disabled war veteran father or WWII brothers, who are probably spinning in their graves. But, Obama has been elected by his groupies who equated the presidency with the head of the student union. Then, again, there were about twenty-five people who started out this year to become president and the least experienced won.

The question isn't what a clueless Obama will do, the question is what will George Soros and his One World Government elites tell him to do.

Welcome to Disneyland.