Drift Higher Into Year End

Fred Thompson: Spend Your Way To Prosperity

"This holiday season, be extra nice to the kids. Bless their hearts. They have no idea whats in store for them. But of course that's their problem. Our job; your job this holiday season is to follow the lead of our government.

Spend more than you can afford. More than you can ever possibly pay back.

Ask not what your country can spend for you. Ask what you can spend for your country. Isn't that what made America a great country?

Happy Holiday Season." -Fred Thompson

Ranting About The Bad Economy and Poor Judgment After The Fact

A comment from the post The Current Economic and Political System Makes Me So Angry:

"Hi, you might be right about the bad economy and poor judgement, but what purpose does it serve to keep ranting about it now after the fact. We get it."

First, HeadlineCharts is a great blog that I visit daily. The charts and analysis are excellent.

Second, will somebody please explain to HeadlineCharts why we need to keep ranting about the bad economy and poor judgment "after the fact". Fight amongst yourselves...

(I'm traveling. Posting will be weak and sporadic, but I will tackle this subject later in detail.)

Financial Ninja or Ponzi Ninja?

A comment on the post Ponzi Schemes, Madoff and Falling for it Everytime:

"Ben,

I don't mean this in an offensive way, but a simple thought exercise for you.

You have been a successful trader over the years, I'm guessing with "much better than normal" results.

Trading stocks (not investing capital in a company, mind you) isn't a real business, is it ? check. Abnormal returns ? check. Aren't you also part of a Ponzi scheme ? Well, you maybe be smart enough to time your entry and exits.. just like some guy who sold a buncha houses in 2006 ? Isn't there a very thin line here ?

I'm interested in hearing your thoughts on this."

So, is trading nothing but another version of a Ponzi scheme? Is the Financial Ninja nothing more than a Ponzi Ninja? Fight amongst yourselves...

(I'm traveling. Posting will be weak and sporadic, but I will tackle this subject later in detail.)

Make or Break Time...