– In other words: I have totally neglected my blog.
OK, not quite, however: I have not posted much this week due to work and other life events getting in the way taking precedence.
So here is a quick catch up:
Obama won the election, and the stock market tanked in fear! – Or depression – or Both. So what do people do when they are afraid and depressed?
They drink and buy guns!
When Obama was running and won back in 2008 the gun stocks soared in fear! Fear that HE was going to take away all our 2nd amendment rights. Of course all the idiots were right back then. And . . .
Well, sure enough, same thing happened again with the 2012 election.
My stock in Smith and Wesson is up over 18% in just 5 days.
Yes, I have absolutely no problem making money off of irrational fear in the stock market. Especially when in this case, it follows such a predictable pattern.
Stock Charts: (speaking of patterns)
Apple continues to fall! I made a prediction about how folks were not looking at the big picture when it came to chart pattern investing and Apple stock.
Throw in the added downward drivers of:
· Increases in taxes next year – especially on capital gains.
· Production supply issues.
· Not exceeding expectations.
· Uncertain economy.
And you have all the ingredients of a downward trend.
In terms of the head and shoulders pattern, we are now at the second low point level before the right shoulder.
So folks should be looking to get back in and drive the price up soon but, if the overall patter holds . . .
Look for Apple to drop below 500 by late spring or summer!
Do I hear 450 possibly?
NFL Predictions of the Week:
TacoMan wins again! The dude cleaned up last week with a 12 – 2 record AND picking the upset of the week (Steelers over Giants)!
So we start off this week with predictions for tonights game.
Colts vs Jaguars.
TacoMan: Colts 24 – Jaguars 10
NinjaSailor: With a last minute text via special assignment – Colts
RedskinDoug: Colts 27 – Jaguars 13
So there you have it, another fun filled action packed post encompassing the best of sports, stocks and predictions.
Until next time:
Be Good, Do Well, Have Fun.