Thứ Ba, 28 tháng 12, 2010

Cramer vs. Cramer, Gold Edition

Far be it from me to accuse anyone, especially experts with the very highest credibility -- like Jim Cramer -- of untoward behavior, but the following graphs certainly make you sit up and take notice.

First, here are the dates of some of Mr. Cramer's key recommendations (both buy and sell) for First Solar (FSLR), one of his favorite stocks in 2008 and 2009*.

Here is the performance of GLD (the exchange traded fund roughly representing the price of gold) versus First Solar over the same period:

When it comes to any so-called "expert" who claims they can help you time the market, remember the ancient advice: caveat emptor.


*Reference:

On March 7, 2008, Jim Cramer issued a strong recommendation to buy First Solar (FSLR).
On April 3, 2008, Cramer's Mad Money said FSLR "Is Hot" and issued another buy recommendation.
On May 8, 2009, Cramer listed FSLR as a Buy!
On June 1, 2009, Cramer said, "First Solar (FSLR) remains the only solar play that I want as oil goes higher."
On May 20, 2010, Cramer listed FSLR as a "Sell".
On November 16, 2010, Cramer again listed FSLR as a "Sell".

Janet Napolitano introduces new TSA security slogan: If you see something, say something--unless it embarrasses the White House

The pilot who documented several massive, gaping holes in airport security has come forward. Sacramento's News 10 has an exclusive report identifying the pilot as Chris Liu. Curiously, the first reaction of DHS head Janet Napolitano was not to address the vulnerabilities. It was, instead, to punish the pilot.

The airline pilot who lost his federally-issued gun and badge for posting video on YouTube critical of airport security has chosen to go public with his identity...

Liu's cell phone video tour of security at San Francisco International Airport led to a team of six federal agents and sheriff's deputies coming to his home on Dec. 2 to take his handgun and Federal Flight Deck Officer (FFDO) credentials... Liu's state-issued permit to carry a concealed weapon was also suspended by the Placer County sheriff.

...Liu decided to reveal his identity Monday because he wants to become actively involved in changing what he believes is a major flaw in airport security... As Liu pointed out in the video, pilots and flight crew are subjected to real-time TSA security screening while ground crew are not. "Upstairs they're going through the metal detectors and the X-ray machines, and downstairs they're swiping a card," he said...

Apparently, the oft-repeated domestic security phrase needs to be modified a bit for the Obama administration. Perhaps it should read: "If you see something, say something -- unless it embarrasses us."

This is a consistent theme for the Obama administration. In Governor Bobby Jindal's book ("Leadership and Crisis"), he described a White House concerned not with containing the damage from the BP oil spill, but instead worried about its image.

In an interview this morning on Glenn Beck’s radio show, Bobby Jindal said that at a meeting with the President during the gulf oil spill, that he and the President of Plaquemines Parish were told specifically by Obama not to go on TV and criticize him...

Jindal says that it was clear Obama was frustrated with the level of criticism he was getting and goes on to accuse Obama of caring more about perception and politics than actually cutting through the red tape and getting things done.
Try to contain your shock.

You may also remember that just a few months ago, former Clinton official Robert Shapiro stated that a successful terrorist attack may be just the ticket to restoring Obama's lost luster. Shapiro said, "he [Obama] is a leader who can command confidence and, short of a 9/11 event or an Oklahoma City bombing, I can’t think of how he could do that."

This administration is so far off the reservation it will take a massive landslide election in 2012 to begin the healing process. That is, if we don't suffer a catastrophic terror attack before then, assisted in part by a White House more concerned with image than security.


CNN reports $5 gas in 18 months thanks to collapsing dollar, poor planning, and Obama oil drilling bans, but mostly all of the above

The former president of Shell Oil is predicting $5/gallon gas by the summer of 2012, which should do wonders for "the middle class".

In an interview with Platt's Energy Week television, Hofmeister predicted gasoline prices will spike as the global demand for oil increases... "I'm predicting actually the worst outcome over the next two years which takes us to 2012 with higher gasoline prices," he said...

...Gasoline prices have been steadily rising. Last week, gas prices crossed the $3 mark for the first time since October 2008. According to AAA figures, prices are up 4% from a month ago and 16% from the $2.585 average a year ago...

In 2008 President Bush used his bully pulpit to cajole the Democrat-controlled Congress into expanding oil drilling. The Democrats refused.

After the BP spill, the Obama administration used the crisis to lock down even more drilling, going so far as to lie about a panel of experts' decision to continue a drilling moratorium. The federal Judge hearing the case called the administration's claims "untrue" and "misleading".

The net result is that the United States is the only country on Earth that restricts access to its own abundant energy resources. I wonder how high gas prices have to get before Democrats are smashed into oblivion -- politically, of course -- leaving them a footnote to history akin to the Whig Party.

Thankfully, the unemployed have all of those millions of high-paying green jobs to look forward to. Or so the Democrats keep telling us.


Hat tip: MoneyRunner. Linked by: Michelle Malkin and Weasel Zippers. Thanks!

Larwyn's Linx: Is Obama Destined For the Scrapheap of History?

Have a great link you'd like me to review? Drop me an email. Bloggers: you can install a Larwyn's Linx blog widget!

Nation

Obama Destined For Scrapheap of History?: Ace
All 10 states losing House seats have more registered Dems: Hot Air
Tea Party Freshman Walks the Talk: Malkin (Powers)

DUI Checkpoints Deemed to Be Racist: RWN
Trolling for 9/11 compensation act cash : Point of Law
Carole Shea-Porter--Brought Down by the PRC?: RedState

Revealed: How the GOP plans to check Obama next year: Hot Air
Obamacare's Medicaid Mandates are Unconstitutional: Barnett
Michael Vick and Redemption: Razor

Economy

Top Ten Charts of 2010: Foundry
111th Added More Debt Than First 100 Congresses Combined: CNS
98 TARP Recipients Close To Failure: Mish

When spending more doesn't help... spend even more?: RWN
Newsflash from 1773: WolfFiles
Risky bets cost Detroit pension funds $480M: Freep

Climate & Energy

An end of an era – the incandescent light bulb: WUWT
California, Where The Lights Went Out First: Ace
Piers Corbyn goes global cooling: WUWT

Media

Time’s Joe Klein: Tea Party Will Be ‘Biggest Losers’ Next Year, Dream Act Opponents Will ‘Suffer’: NewsBusters
111th Congress ‘Most Productive Ever’ — In a ‘Termites Devouring a House’ Kind of Way: Malkin (Powers)
Hot Air’s top 50 posts in 2010: 41-50: Hot Air

A Cuban Fairy Tale From PBS: WSJ
NYT on the Deepwater Horizon Disaster: RedState
Krauthammer to GOP: Don’t Defund ObamaCare: PJM

The liberal/Democrat civil war, part xii: RWN
Flash: Poll Results Prove HuffPo Writer Right: BMW
Juan Williams, Let Me Introduce You To Herman Cain: AAB

World

Obama Has Lost the World: Eurasia Review
Answering Khaled Abou El Fadl: Pipes
U.K.: Police say nine Misunderstanders of Islam researched targets, tested incendiary material: JihadWatch

Obama's Repeated Claim That Gitmo Is Major AQ Recruitment Tool Is Nonsense: Ace
China censors New York Times columnist's blogging in less an hour: WashExam
Syrian government escalated Mohammed cartoon crisis: AftenPosten (Norway)

SciTech

Stuxnet may have destroyed 1,000 centrifuges at Natanz: JPost
HP lists future laptops with Intel next-gen chip: CNet
Man quits job, makes living suing e-mail spammers: MyWay

Cornucopia

Daily Scoreboard: Surber
Comrade Obama’s Kwanzaa Greetings: RWN
Teena Marie Dies At Age 54: JMG

Image: iOwnTheWorld
Today's Larwyn's Linx sponsored by: Winning Quotes in the MRC's Worst Reporting Awards of 2010

QOTD: "You know what I’d like to see her do? I’d like to see her [Nevada GOP Senate candidate Sharron Angle] do this ad in the South Bronx. Come here, bitch! Come to New York and do it... She’s going to Hell....She’s going to Hell, this bitch." -- Joy Behar, co-winner, 2010 MRC Awards


Thứ Hai, 27 tháng 12, 2010

New York Times visits North Korea, unintentionally reveals the endgame of the Democrats' unchecked authoritarian agenda

A journalist from the The New York Times accompanied Bill Richardson on a private diplomatic trip to the DPRK (Democratic People's Republic of Korea, aka North Korea) and relayed a description of a miserable, desperate and starving society.

Of the nation’s 24 million citizens, the three million in Pyongyang are the most privileged. North Koreans need a special permit to live or come here. Still, signs of hardship are evident.

Commuters crammed into decrepit electric buses, packed as tightly as boxes of toothpicks. Pedestrians bowed beneath huge bundles strapped to their backs, apparently stuffed with goods for trade in private markets that have eclipsed the ill-supplied state stores. Most were women; one collapsed on the sidewalk under the weight of her load.

Economists say coal production is, at best, half that of two decades ago, and Pyongyang has regular power shortages. At the elite Foreign Language Revolution School, students warmed themselves around stoves fed by coal or wood. In much of the city, residents report only a few hours of electricity daily...

The DPRK's recipe for government is simple to understand: an all-powerful, centralized government that dictates every aspect of individuals' lives.

I have an honest question for the article's author, Sharon LaFraniere.

The Constitution purposefully and carefully set limits on the powers of the federal government. But if government ignores those limits to control more and more aspects of our lives, what prevents this society -- our society -- from descending into the same, nightmarish central planning endgame?

Is there a successful model that Democrats can point to? Cuba, Zimbabwe, North Korea and the Soviet Union are authoritarian societies that represent the failed "progressive" model taken to its inevitable conclusion.

'But those models are too extreme,' the progressive might retort, 'Democrats would never descend into a totalitarian, unchecked political regime of that sort.'

Fine. Then what are the limits on the Progressive Democrat Party? What amount of taxation would be sufficient? How many people should be categorized as "rich"? How many more aspects of our lives -- besides health care, energy, automobile design, carbon dioxide emissions, credit card interest rates, education -- must be controlled before Democrats say 'enough'?

Democrats never have -- and never will -- offer an answer to that question. And their view into the tragic, failed society of North Korea is a simple error: unintentionally revealing their endgame for all to see.


Hat tip: Hot Air.

An Open Letter to Media Matters: a Simple Holiday Request

Dear Sirs:

I was genuinely surprised to discover that Jammie Wearing Fool (one of the best news blogs around) has done such yeoman work defeating Statism that it merited its own tag at MediaMatters. Damn! That's impressive stuff.

While your organization is an award-winning, Soros-funded, Marxist front group (which is the term you prefer, I hear) -- and has mentioned this august journal on a number of occasions -- it has yet to produce a dedicated tag for me.

This, my friends, is an outrage. I demand consideration of my own, dedicated tag. This is the least you can do during this merry, secular Festivus season.

Best Regards, Doug

p.s., "Send news tips about conservative misinformation to Media Matters here:
mm-tips@mediamatters.org."

Report: Democrat Contributing Ambulance Chasers Set to Collect Another Nine-Figure Paycheck From 9/11 First Responders Bill

It would appear the Democrats' urgency around passage of the 9/11 First Responders Bill had less to do with the heroes involved than with the immense payday for heavy Democrat contributors.

The law firm that pocketed more than $100 million suing the city over Sept. 11 is trying to cash in on the just-passed Zadroga 9/11 health bill... Ads began popping up ... with the tease: "WTC Compensation Fund: Free Consultation. Call Us Today." Clicking on that link, though, doesn't take you to a do-gooder advice site. It leads to the website of Worby Groner Edelman & Napoli Bern, the lawyers who represented most of the 10,000 9/11 plaintiffs and grabbed the bulk of the $150 million in contingency fees - about 25% - from the $625 million settlement.

A source said the firm also sent text messages to the phones of their 9/11 clients. Responders found the quick strike for new clients and paydays unsavory... "Ten million each, or whatever they each cleared, wasn't enough for them?" said John Feal, a Ground Zero construction worker and leading advocate... A source familiar with the legal dealings was disgusted the firm is using the Zadroga name to drum up business: "They really have no shame," the source said...

...Marc Bern, one of the top partners at the firm and a veteran class-action warrior, reacted angrily to the suggestion the speedy client-seeking is unseemly. He said the online ads didn't start running until the House voted on the bill - but the firm clearly was prepared to jump.

The high-tech ambulance-chasers are, as you might have predicted, heavy Democrat contributors.

Imagine how angry Bern would be if the news story noted how much he was giving to the same Democrats pushing this bill. Some $86,000 alone in the 2008 election cycle. Oh wait, he gave $1,000 to Peter King. The other $85,000 went to Democrats, who surely will reap the rewards come 2012. No coincidence Bern also lavished thousands on that ultimate ambulance chaser, John Edwards.

Am I the first to predict that Democrats will figure out a way to reward trial lawyers for their support via new immigration laws? Say, by allowing illegal immigrants to sue locales like Arizona for enforcing federal immigration law? Don't laugh: with this egregious crew, it's bound to happen sometime.