| Review |
| Reprinted from Q1 2009. |
| Review |
| Yogi (Berra) was right….“It’s Déją vu all over again!” |
| What To Do |
| Only in America Q1 2009: Recap: The bottom? I have no idea, but I did sleep at a Holiday Inn Express last night, badda bing! Review: Whilst all the traders, market timers, and strategists are trying to figure out whether the stock market has reached a "bottom" we just keep buying. From our most recent purchases we are up some 200+%. This is not out of the norm considering the historic market collapse we just experienced. What to do: People are such interesting creatures. Like the dolphin, humans do many things just for pleasure. So, just for fun, here are a few thoughts on the markets, world events, and what to expect in the future. 1. The 60 minutes documentary on the Fed and Chairman Ben Bernanke was phenomenal. Though I do not agree entirely with the Fed chief he is most certainly a positive in this mess, and Investors should feel very comforted by his knowledge, experience, and patriotism. 2. Nothing, and I mean nothing, could be worse than listening to or following the advice of Jim Cramer or Jon Stewart as it pertains to "investing". 3. AIG "bonuses". First off, voiding the contracts for these "bonuses" is blatantly unconstitutional (ex post facto law, Article I, Section 9). And, the very politicians who are "outraged" are the very politicians who purposefully and admittedly (i.e. Chris Dodd) left out the bonus provision in the loan agreements! The problem isn't the bonuses at AIG or Wall Street, the problem is our politicians! 4. America, if you don't like professional athletes making all that money, then stop watching them! I guarantee you the huge contracts will end. If you don't like Wall Street and are angry at them for excessive bonuses, pay, greed, then don't do business with them! I guarantee you the big pay, bonuses, and greed will end. 5. Arrogance; hubris; narcissism? So says Nancy Pelosi and Barney Frank repeatedly on C-span. And, the thinking that these two politicians (including our President Barack Obama) know more about running Wall Street or a global manufacturing business like F, GM, or Chrysler isn't? 6. In America, no business is too big to fail. There are plenty of well run businesses in many different sectors of our economy to limit "systemic" risk. This is capitalism. Leave it alone, and it works better than any other system for business. Under this system America produces 24.2% (2007) of the world's goods (GDP). 7. Villianizing Wall Street executives or any private sector executive will not get us anywhere, is not the problem, and is a waste of time. Congress should be focused on one thing turning the Economy around. Turn the economy around, and everything else will fall into place. 8. Madoff, Sanford, and all the other Ponzi schemes. The problem is not Capitalism or lack of regulation. These types of scams will always be part of investing because humans are involved, and humans are sinners. No amount of regulation or oversight will ever change this. That being said, the only one that is going to protect your money, your assets, your wealth, your interests is, you. 9. The entitlement mentality in our society and in this country must end. Americans must get back to work. Stop asking for something just because you exist. You don't deserve anything in America unless you work for it and you earn it. My money is not your money, and you have no right to it whatsoever. If I choose to be charitable, and give it to you, then that is my choice, and only my choice. Our government under the false guise of this entitlement mentality is amassing debt totaling $72.4 trillion dollars, or the equivalent of $804,444 per every "tax-paying US citizen". How are we going to pay this back? We aren't, but our kids/grandkids are. 10. America is the greatest country on earth. No, I am not sure that everyone believes that. However, I do, and always have. Rush Limbaugh is dead wrong on wanting our President to fail. If our President is a failure, our nation is a failure. There is no separating the two. This is tantamount to saying we want our starting QB to fail, but our team to succeed? Or the CEO to fail, but our company to succeed? Or Rush Limbaugh's show to fail, but the radio station that airs the show to succeed? |
| Quote of the Week |
| “It’s Déją vu all over again!” Yogi Berra |
| Clark Bros. is hiring! |
Stay Positive! Think Positive! Act Positive! Be Positive!
Clark Bros. is hiring Independent Registered Investment Advisor Representatives – full time, part time, anytime, anywhere. Please visit our web site at www.clarkbrothersinvestments.com for more information.
Jason R. Clark
T: 720 255 5711
jason@clarkbrothersinvestments.com
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Clark Brothers Investments
Registered Investment Advisors
18810 E. Whitaker Circle
Aurora, CO 80015
www.clarkbrothersinvestments.
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