No Easy Fight By Charles Payne

Sep. 06, 2013 10:15 AM ET
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Long/Short Equity, Portfolio Strategy

Contributor Since 2008

Wall Street Strategies has been providing independent stock market research since 1991 to individual, retail and institutional clients through a balanced approach to investing and trading. Charles Payne, our founder and chief analyst, is routinely sought after for his stock market, political, and general opinions by several prestigious news organizations. Currently, Mr. Payne is a contributor to the Fox News Network and Fox Business Network. He also hosts his own radio show on KFIAM 640 every Saturday from 2-4pm PST. Mr. Payne recently released his first book entitled Be Smart Act Fast Get Rich. Our all-star analytical team is called first when the media needs to know. We are regularly featured on several well respected finance-oriented radio and television programs such as Fox, CNBC, BNN, WSJ to name a few and widely recognized in the media as a leaders in the analyst community. In addition, Wall Street Strategies is part of Factset, Jaywalk, and Thomson-Reuters Consensus Estimates. Meet our analysts: Brian Sozzi is an equity research analyst specializing in the softline/hardline goods sectors of the retail industry for Wall Street Strategies Inc. Mr. Sozzi graduated Summa Cum Laude from Dowling College, receiving his Bachelors of Business Administration with a concentration in Finance and Accounting. Routinely sought after as a trusted point of reference for opinions and insight on the global economy and retail sector stock evaluation, Mr. Sozzi is a frequent on air contributor to CNBC, Fox Business Network, and Bloomberg, and is cited regularly by online/print publications that include Forbes, Bloomberg, The Wall Street Journal, Thestreet.com, CBS Marketwatch, Reuters, Seekingalpha, Associated Press, Crain’s NY Business, Fortune, Barron’s, AOL Finance, and the Financial Times. In 2009, Mr. Sozzi became recognized by Starmine as a top-ranked equity research analyst for stocks under coverage in such categories as EPS Estimate Accuracy and Industry Excess Return. David Silver is a Research Analyst for Wall Street Strategies. He is a graduate of Tulane University’s A.B. Freeman School of Business where he received his Bachelor of Science in Management with a dual degree in Finance and Accounting. David actively covers companies in the Transports, Autos, and Beverage sectors. He is routinely invited to appear on business oriented television and radio shows including CNBC, Fox News, Fox Business News, the Business News Network of Canada, WCBS Radio, and the Wall Street Journal Radio. In addition, David has been quoted in major business publications such as the Wall Street Journal, Forbes, Marketwatch, CNN Money, and Autoweek. David Urani is a research analyst with concentrations on the homebuilding, staffing, medical devices, and logistical services industries. Along with providing institutional clients with up-to-date reports of individual stocks within his industry coverage, David assists the rest of the Wall Street Strategies research desk with timely analysis of vital economic data. A graduate of the A.B. Freeman School of Business at Tulane University, David earned a Bachelor of Science in Management while majoring in finance. With prior training experience running small businesses, he has an eye for key fundamentals that keep Companies running efficiently. David’s insight has been featured in several outside sources, including the Fox Business Network, MarketWatch, and SeekingAlpha. Carlos Guillen is an Equity Research Analyst providing coverage of the technology sector for Wall Street Strategies, Inc. Mr. Guillen has had experience working in both the sell side and the buy side. Prior to working as an analyst, he was a Design Engineer for Lambda Electronics. Mr. Guillen holds an M.B.A. from NYU’s Stern School of Business, and he has a B.S. in Electrical Engineering from Manhattan College. Conley Tuner is a Research Analyst with Wall Street Strategies Inc. He is a frequent contributor to a number of media outlets including MarketWatch, Bloomberg, BBC news and Xinhua news. Conley holds a Masters in Business Administration and a Masters in International Affairs from the George Washington University. Jennifer N. Coombs is an Equity Research Analyst at Wall Street Strategies. She previously worked on the buy side as an Associate Equity Research Analyst covering the transportation subsector of the industrials sector at AIG SunAmerica Asset Management Corporation. Jennifer also covered Real Estate Investment Trusts (REITs) and has done broader research for the industrials, financials and consumer sectors. Prior to joining their research department, Jennifer worked as a Trading Assistant for SunAmerica’s index funds. She also worked briefly in the client portfolio management department at Dwight Asset Management Company – a fixed income subsidiary of Goldman Sachs. Jennifer graduated with distinction from Clarkson University where she earned a B.S. in Financial Information Analysis and Political Science, with minors in Economics and Law. Jennifer specialized in international markets, and briefly studied East Asian Economics at Sungkyunkwan University in Seoul, South Korea. Jennifer is currently a member of the New York Society of Security Analysts (NYSSA).

I must admit I'm proud of myself for creating my first meme. What a wonderful toy. You can keep words with Friends; I found something better to waste my free time with. Of course, all week long the main distraction for the market was America's next move with respect to action in Syria.

I don't see bombing the place as having an economic impact on the nation, but there feels as if a heavy psychological toll has already taken place. What had to look like low-hanging fruit a week ago is yet another albatross around the neck of our Commander in Chief.

No boots on the ground, no oil shocks, no military retaliation ... no problem, right?

As it turns out there is still no appetite for war, even one fought with cruise missiles and drones. While some pundits will say this is the aftermath of failure in Iraq the truth is we haven't been so lucky in war in a long time. Moreover, where's the credibility when doves became hawks because they now have all the toys at their disposal? Calling it "my army" certainly didn't help the president's cause, and then belatedly inviting Congress in on the deal only made matters worse. It remains to be seen what happens with Syria and what our involvement will be.

It does feel as if what's happening with foreign policy is just like domestic policy. A "my way or the highway" approach has left the nation bitterly divided and plodding along at a tiny fraction of our potential. What we have left in the aftermath of poor governing is apathy for as far as the eye could see. Indifference among the populace on virtually all aspects of life coupled with real apathy among young people in particular taking a toll. Usually wide eyed and optimistic now looking to chill in their parents' basement for the duration young Americas have finally dropped in and tuned out.

We don't have to fight a war even with remote controlled drones and missiles launched from sea, but we better get back into fighting mode before it's really too late.

Dropout Nation

The headline on Main Street will be unemployment rate dips to 7.3%, and it will be charged by the sycophants in the media, but people reading those headlines will know better- especially the 313,000 that dropped out of the labor market last month. These dropouts swell the total to nearly nine million in less than five years- a mass exodus of people giving up on the American Dream, but what are they embracing?

Make no mistake, there are several narratives from this morning's news on jobs and the biggest could have implications and an impact on America for the next decade. A nation where people are encouraged to toss in the towel while vilified for trying to go the extra mile produces fewer innovators and job creators and induces animosity that threatens wealth as much as redistributes it and sends that wealth to find friendlier confides.

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