Monday, October 27, 2008

Matt Hughes - Biography & Testimony - Leads to William Booth Enlightenment and Commentary

Matt Hughes is the 9-time World Welterweight Champion of the UFC. With a record of 43-7, Matt has traveled the world and has become a household name amongst mixed martial arts fans. He has proven time and time again that ‘a country boy can survive.’ However, it hasn’t always been like that for Hughes. You see, Matt comes from humble beginnings…

Click here for the full article from

...Matt came across a picture inspired by William Booth called “Who Cares?” Fascinated by the picture, he asked others who they thought they were in the picture and maybe, more importantly, who they thought he was. In the picture, a platform of people are surrounded by a raging sea. While those on the platform remain safe, many are drowning in the tempest surrounding them. Matt came to the conclusion that if he were indeed in the picture, then he was amongst those drowning in the water...

Click here for more information about this painting.

Here is a link to the William Booth article that inspired the painting: Click here to read the article.

It is clear that Booth's vision accurately represents those who are drowning in sin. However, I don't fully agree with his assessment of disdain for all of those on the platform. I see many of those on the platform freely exercising their worldly gifts from God: Love, talent and work. I believe that if you are performing your God-given talent on this earth, then God is pleased. Rick Warren expresses similar beliefs in his book "A Purpose Driven Life". God doesn't call on everyone to save all of those in the water. It is up to those in the water to choose their salvation. Personally, you can lend a hand to one or lead by example for many but, personally, you cannot be expected save them all. Furthermore, if you find yourself thrashing in the water, as many of us are and have been, it is up to You to make the decision and make every effort to WORK for the salvation of Yourself and of those in Your Family.

What are your thoughts? Please enter your comments here:

A message from Ben Stein - A little bit lengthy but worth the read.

The following was written by Ben Stein and recited by him on CBS Sunday Morning Commentary.

My confession:

I am a Jew, and every single one of my ancestors was Jewish. And it does not bother me even a little bit when people call those beautiful lit up, bejeweled trees, Christmas trees.. I don't feel threatened. I don't feel discriminated against. That's what they are: Christmas trees.

It doesn't bother me a bit when people say, 'Merry Christmas' to me. I don't think they are slighting me or getting ready to put me in a ghetto. In fact, I kind of like it It shows that we are all brothers and sisters celebrating this happy time of year. It doesn't bother me at all that there is a manger scene on display at a key intersection near my beach house in Malibu . If people want a creche, it's just as fine with me as is the Menorah a few hundred yards away.

I don't like getting pushed around for being a Jew, and I don't think Christians like getting pushed around for being Christians. I think people who believe in God are sick and tired of getting pushed around, period. I have no idea where the concept came from that America is an explicitly atheist country. I can't find it in the Constitution and I don't like it being shoved down my throat.

Or maybe I can put it another way: where did the idea come from that we should worship celebrities and we aren't allowed to worship God as we understand Him? I guess that's a sign that I'm getting old, too. But there are a lot of us who are wondering where these celebrities came from and where the America we knew went to.

In light of the many jokes we send to one another for a laugh, this is a little different: This is not intended to be a joke; it's not funny, it's intended to get you thinking.

Billy Graham's daughter was interviewed on the Early Show and Jane Clayson asked her 'How could God let something like this happen?' (regarding Katrina) Anne Graham gave an extremely profound and insightful response. She said, 'I believe God is deeply saddened by this, just as we are, but for years we've been telling God to get out of our schools, to get out of our government and to get out of our lives. And being the gentleman He is, I believe He has calmly backed out. How can we expect God to give us His blessing and His protection if we demand He leave us alone?'

In light of recent events... terrorists attack, school shootings, etc. I think it started when Madeleine Murray O'Hare (she was murdered, her body found a few years ago) complained she didn't want prayer in our schools, and we said OK. Then someone said you better not read the Bible in school. The Bible says thou shalt not kill, thou shalt not steal, and love your neighbor as yourself. And we said OK.

Then Dr. Benjamin Spock said we shouldn't spank our children when they misbehave because their little personalities would be warped and we might damage their self-esteem (Dr Spock's son committed suicide). We said an expert should know what he's talking about. And we said OK.

Now we're asking ourselves why our children have no conscience, why they don't know right from wrong, and why it doesn't bother them to kill strangers, their classmates, and themselves. Probably, if we think about it long and hard enough, we can figure it out. I think it has a great deal to do with 'WE REAP WHAT WE SOW.'

Funny how simple it is for people to trash God and then wonder why the world's going to hell. Funny how we believe what the newspapers say, but question what the Bible says. Funny how you can send 'jokes' through e-mail and they spread like wildfire but when you start sending messages regarding the Lord, people think twice about sharing. Funny how lewd, crude, vulgar and obscene articles pass freely through cyberspace, but public discussion of God is suppressed in the school and workplace.

Are you laughing yet?

Funny how when you forward this message, you will not send it to many on your address list because you're not sure what they believe, or what they will think of you for sending it.

Funny how we can be more worried about what other people think of us than what God thinks of us. Pass it on if you think it has merit. If not then just discard it... no one will know you did. But, if you discard this thought process, don't sit back and complain about what bad shape the world is in.

My Best Regards, Honestly and respectfully,

Ben Stein

I found this article here:

Spread the Wealth

Good experiment in Obamanomics

Today on my way to lunch I passed a homeless guy with a sign that read
"Vote Obama, I need the money." I laughed.

Once in the restaurant my server had on a "Obama 08" tie, again I
laughed as he had given away his political preference -- just imagine
the coincidence.

When the bill came I decided not to tip the server and explained to him
that I was exploring the Obama redistribution of wealth concept. He
stood there in disbelief while I told him that I was going to
redistribute his tip to someone who I deemed more in need--the homeless
guy outside. The server angrily stormed from my sight.

I went outside, gave the homeless guy $10 and told him to thank the
server inside as I've decided he could use the money more. The homeless
guy was grateful.

At the end of my rather unscientific redistribution experiment I
realized the homeless guy was grateful for the money he did not earn,
but the waiter was pretty angry that I gave away the money he did earn
even though the actual recipient deserved money more.

I guess redistribution of wealth is an easier thing to swallow in
concept than in practical application.

Who cares what our soldiers think?

The following information was found on:

The Military Times Presidential Poll
A poll guaranteed not to be appearing in Obama's main stream media.
This poll is one that is not going to get much press. After all, how important can the opinions of our soldiers be, they are the ones currently dying in the War on Terror. Speaks volumes about the lack of leadership Obama appears to bring to the position of Comander-in-Chief

Somehow we missed seeing this in the New York Times, Washington Post or the Rolling Stone.
In case you missed the October 8 issue of the Army Times, here are the results of the Army Times' poll of Military personnel regarding the upcoming election (in percent):

J. S. McCain - B. H. Obama




Air Force-67%-24%








Click here to see the full poll results.
View the Militaary Times Presidential Poll.

Sunday, October 26, 2008

Navy Petty Officer Mike Monsoor

See below for an amazing story about an amazingly selfless individual. This story has been circulating via email. There is a video-tribute to Mike Monsoor and some more information about him on Here's the link:

There is also more information about him on Wikipedia. Here's the link:

It seems funny how I read the newspaper and watch the news everyday and only heard a brief blurb about this man. Something like "Medal of Honor for Navy Seal in Iraq". I guess the mainstream media editors don't feel that such a story was worth featuring. Or maybe I just missed it.

This should have been front page news all across the country. Surely they could have made some space between Britney Spears, OJ Simpson and polar bears trapped on icebergs.

The story:

Navy Petty Officer Mike Monsoor

PO2 (EOD2) Mike Monsoor, a Navy EOD Technician, was awarded the Congressional Medal of Honor posthumously for jumping on a grenade in Iraq, giving his life to save his fellow SEALs.

During Mike Monsoor's funeral in San Diego , as his coffin was being moved from the hearse to the grave site at Ft. Rosecrans National Cemetery , SEALs were lined up on both sides of the pallbearers route forming a column of twos, with the coffin moving up the center. As Mike's coffin passed, each SEAL, having removed his gold Trident from his uniform, slapped it down embedding the Trident in the wooden coffin.
The slaps were audible from across the cemetery; by the time the coffin arrived grave side, it looked as though it had a gold inlay from all the Tridents pinned to it. This was a fitting send-off for a warrior hero.

This should be front-page news instead of the crap we see every day.

Since the media won't make this news, I choose to make it news by forwarding it onto you guys. I am proud of our military and the men and women who serve in it. They represent the highest and finest values of this country.

The media never reports this type thing - please forward it to a few of your friends...

God bless the men and women in our Military.

Friday, October 24, 2008

Trick or Treat

Star Wars - Wikipedia

I was looking into the term "Squib" to find it's origins. Yes I am a geek. Anyway, it led me to the following Wikipedia page Star Wars - Wikipedia I'll make a long story short: I am mind-boggled by the amount of Star Wars information that exists on Wikipedia. People have taken time to lay out the entire fictitional universe, describe all the characters, planets, places and moons. Unbelievable. I'm a Star Wars fan... But this is over the top. Follow some of the links on the main page to see what I mean. If only people would spend this much time on real world subjects (like learning, finding and listing FACTS about the presidential candidates in order to make an INFORMED choice on Nov 4th). The world would be a better place.

Thursday, October 23, 2008

Nothing fair about Obama's tax plans

The following opinion was in the Tuesday October 21st edition of the Southern Illinoisan Newspaper - Charen's Corner by Mona Charen. I couldn't agree with her more.

Nothing fair about Obama's tax plans
Monday, October 20, 2008 11:09 PM CDT
God bless him. Joe the plumber, that is, for coaxing from Sen. Obama his true motive for raising taxes. It isn't to fund the government, or deal with the deficit, or to establish a rainy day fund. It's to "spread the wealth around," which the Illinois senator insists is "good for everyone."

Sen. Obama calls this a "tax fairness plan," but what is fair?

Everyone knows that some people work harder than others. We've all witnessed it. If John Q chooses to work 60 hours a week to advance his career, and Henry Y prefers to spend time playing video games, who is to say that Henry deserves some of the extra income John has earned? Is that fairness? I call it completely unfair.

What's that? John and Henry didn't start out in life in the same position? Well, that's true. But there is no such thing as a totally equal society. (Nor is it desirable.) Even in places like Sweden, some are born into loving, wealthy two-parent families and others are born to alcoholic single mothers. Some have good looks and talent, others don't. No society south of Heaven can ever be completely equal. But the essential justice of a society is measured, I believe, not by whether you have equality of condition but by whether you have equal opportunity.

Not only is this more fair in principle, it is also more successful in practice. People do not work for the general good. They work for their own individual ends, which in turn promotes the general welfare. Societies that ask workers to labor for "the people" get poor results. As the joke from the old Soviet Union had it: "They pretend to pay us and we pretend to work." By contrast, the capacity of the American economy to reward effort and initiative is legendary and has lured ambitious people to our shores for more than two centuries. It has also made us the wealthiest society in history.

You don't have to look at socialist countries to know that redistribution of income punishes success and rewards sloth. We've seen it here. Our welfare system was intended to help the poor - but because it was poorly structured, it wound up discouraging work and marriage, thus prolonging poverty rather than alleviating it for many.

Here's another problem for Sen. Obama: He wants to spread the wealth around as if wealth and poverty and "middle-classness" (to use the Rev. Jeremiah Wright's terminology) were fixed categories. They aren't. Economic and social mobility in the United States is the norm, not the exception.

Using data from the Current Population Survey, the National Center for Policy Analysis looked at income quintiles over time. They found that after one year, one-third of those in the bottom quintile had moved up, and one-quarter of those in the top group had moved down. After 10 years, 60 percent of those in the bottom group had moved up to higher quintiles, with 8 percent getting all the way into the top quintile. Correspondingly, 6 percent of those in the top quintile went all the way to the bottom after 10 years, and 54 percent of those at the top had moved to some lower group 10 years later.

Democrats like to talk about "the rich" as if they are a fixed group of individuals, but anecdotal evidence suggests that two-thirds of those on the Forbes 400 list in 1994 were no longer on the list a decade later. And 80 percent of those on the list were self-made.

People tend to begin their work lives at or near the bottom quintile of income. White male 21-year-olds, for example, begin at the 20 percentile in overall white men's income. As they gain experience and skills, they move up. By age 31, they reach the 50th percentile mark. And between the ages of 31 and 59, they average near the 60th percentile mark for all workers. When they get close to retirement age, their incomes tend to fall.

We already have a steeply progressive income tax, with the top 5 percent of earners paying 60 percent of the taxes (in 2006), and the top 25 percent paying 86 percent. Obama wants to perform an experiment by confiscating more of the income of the most productive earners (who create the overwhelming majority of jobs) and distributing it to those who earn less.

It's been done before - with dreadful results. Call it socialism if you like. But don't call it "fairness."

Mona Charen writes for Creators Syndicate.

Tuesday, October 21, 2008

Jammed Sig Sauer P226 SCT - Update 1

Here's a link to the original post: Jammed Sig Sauer P226 SCT

Sig Sauer has properly identified the malfunction as a "Squib Load". They have recommended that I contact Hornady to file a warranty claim and that the cost of the repair will be $415.00 (nearly 1/2 of the cost of a new Sig Sauer P226 SCT). I will attempt to do this today.

Here is more information on Squib Loads:
Squib Load - Wikipedia

Images of a textbook squib load in a Sig-Sauer 9mm handgun:

Because I was firing in rapid succession, I didn't notice the squib in my gun until it was too late. Thank God that I was only shooting targets. This goes to show you, even a high end gun with brand new ammo can malfunction without warning. Imagine the bad luck if the squib was the first round fired in a life and death situation. Now I fully understand the case for carrying a backup.

Update 11/12/2008: I received my repaired gun from Hornady. They took care of the repair at no charge. Although it did take several phone calls and emails to make this happen, at least they made good. All is well now.

Update 10/21/2009: It has been nearly a year since my Sig was repaired. Since the repair, have fired well over a thousand rounds without a single problem.

Sunday, October 19, 2008

Jammed Sig Sauer P226 SCT

Here's a recap:
Pictures of my non-functioning Sig Sauer P226 SCT are below. Friday night, I was rapid-firing Hornady 9mm Luger Hollow Points for the first time when the gun jammed in the position shown below. I removed the magazine and was left to figure out what had happened. I tried and tried to figure out how to take it apart without the slide being able to move back far enough to turn the take down lever. Finally, I discovered the problem. The barrel is bulged out in the middle and won't let the slide retract all the way. I guess, after looking down the barrel, I should be thankful that the thing didn't blow up in my face. Initially, I was mad that the gun had jammed. I'm still mad that my $900 Sig isn't working and can't easily be fixed. It still isn't clear how the ammo fouled in the barrel. Earlier that day, I had shot 100 rounds of regular target rounds with no problems. I'm guessing that one of the rounds got stuck in the barrel and another round hit it and knocked it out. Somewhere along the way, the barrel was deformed, either by the first round or by the second round hitting the first round. I wonder if this has happened to anyone else? I sent an email to Sig customer support tonight for instructions to send the gun in for repairs. I hope that they can fix it with one of their special hammers.

Jammed slide - It won't go back far enough to turn the take down lever.

Jammed slide - view 2

Look at the round groove in the middle of the barrel.

Here's another view of the inside of the barrel

One more view of the barrel

This is the ammo that I was using: Hornady 9mm Luger Hollow Points

I'll keep posting as the repair process progresses.

Update 10/21/2008: It was a squib load.  More info HERE.

Update 11/12/2008: I received my repaired gun from Hornady. They took care of the repair at no charge. Although it did take several phone calls and emails to make this happen, at least they made good. All is well now.

Update 10/21/2009: It has been nearly a year since my Sig was repaired.  Since the repair, have fired well over a thousand rounds without a single problem.

Friday, October 17, 2008

Did Barack "Spread the Wealth" Obama Just Blow the Election?

The audacity of hope for a change (in the polls).
Check out the link to the news article below.
Joe the Plumber is my hero.
Link to US News and World Report Article

Wednesday, October 15, 2008

Intrade Prediction Markets

An interesting site. But difficult to participate. Try to fund an account and you will see what I mean. Credit cards typically don't work from inside the U.S. You can wire funds through your bank or fedex/mail a check to Ireland (2-4 business days at least). Fedex charges $30 fee if sending less than $500. If it is hard to get money in, I have to imagine that it would be equally as hard to get money out. After looking into this, I think that I'll just keep my money where it belongs (in my pocket) and watch from the sidelines.

Note: I do not believe that the intrade markets track reality well because the intrade market is not made up of ordinary people. Real people have to commit real funds before you obtain a real market. Wide spread use will not occur without ease of funding. The people that go to the following lengths to risk their money do not represent the normal population. As a result, the intrade markets are skewed to the beliefs of the participating population (traders who are willing to wire funds to Ireland).

Here is further dialogue that explains the lengths some have gone to fund and intrade account. Funding your Intrade account from the USA

Saul Alinsky, Barack Obama, Community Organizing and Lucifer

Last month I heard these rumors and decided to look them up to see if they had any basis in fact.

Fact: Saul David Alinsky (January 30, 1909, Chicago, Illinois - June 12, 1972, Carmel, California) is generally considered the father of community organizing.

Fact: Thirteen years after Alinsky died, some of his former students hired Barack Obama to a $13,000 a year job as a community organizer in South Chicago.

Fact: In a few years Barack Obama became very proficient in the Alinsky Method of community organizing.

Unverified Rumor: Barack Obama became an instructor and teacher of the Alinsky Method to other community organizers.

Fact: One of Obama's early mentors in the Alinsky method was Mike Kruglik, who had this to say to Ryan Lizza of The New Republic, about Obama:

"He was a natural, the undisputed master of agitation, who could engage a room full of recruiting targets in a rapid-fire Socratic dialogue, nudging them to admit that they were not living up to their own standards. As with the panhandler, he could be aggressive and confrontational. With probing, sometimes personal questions, he would pinpoint the source of pain in their lives, tearing down their egos just enough before dangling a carrot of hope that they could make things better."

Analysis from the following editorial:
Source: Investors Business Daily Editorial

Obama has already translated several of Alinsky's rules into battle tactics, including:

• Rule: "Rub raw the resentments of the people; search out controversy and issues." In the mortgage meltdown, for instance, Obama vows to prosecute "predatory lenders" for "abusing" minority borrowers. He's also stoking class resentment by painting Wall Street and other executives as villains.

• Rule: "Pick the target, freeze it, personalize it, and polarize it." In an ad to woo Hispanic voters, Obama demonized Rush Limbaugh by falsely claiming he made racist statements against immigrants.

• Rule: "A mass impression can be lasting and intimidating." This explains why Obama moved his acceptance speech to a football stadium and bussed in 85,000 supporters. Alinsky's son was so impressed, he praised Obama for learning his father's "lesson well."

• Rule: "Multiple issues mean constant action and life" for the cause. This is why Obama never harps on one issue, as Hillary did with health care. His platform is packed with grievances from "economic justice" to "reproductive justice" to "environmental justice."

Obama is following almost to the letter the blueprint for socialist revolution drafted by the father of community organizing.

Fact: Saul Alinsky dedicated his Rules for Radicals book to Lucifer, "the very first radical"

In his own words: "Lest we forget at least an over-the-shoulder acknowledgment to the very first radical: from all our legends, mythology, and history (and who is to know where mythology leaves off and history begins -- or which is which), the first radical known to man who rebelled against the establishment and did it so effectively that he at least won his own kingdom -- Lucifer."

Who is Lucifer?

And so the story goes: Lucifer was created by God as a perfect angel. He was called Lucifer while he lived in heaven. After he sinned and persistently refused to repent he was thrown out of heaven. When Lucifer was cast out of heaven he lost his name Lucifer and he became known as Satan. The beast is the name that the Bible gives to Satan when he comes to earth visibly and claims to be God. Satan will appear on earth as a glorious, visible being. He will have the appearance of God. He will require the whole world to worship him as their god.

Initial questions that remain:

Just what does Barack Obama have to offer... Other than a carrot of hope that he could make things better?
What type of person would dedicate anything to Lucifer?
Is there any documented evidence that Barack Obama actually read Alinsky's book or quoted anything from it?
Is there any documented evidence that Barack Obama actually taught the Alinsky Method to other community organizers?

If there is evidence out there, please post in the comments section.

If evidence is provided for the initial questions, here are some additional questions that remain:
What type of person would follow the teachings of anyone who dedicated anything to Lucifer?
How does someone follow these teachings all the way to the doorsteps of the White House?

This may sound crazy. Too outrageous to be true. If you don't believe the information provided above, please, look it up for yourself:

Source: Wikipedia - Saul_Alinsky
Source: - obamas_alinsky_jujitsu
Source: - lucifer-satan-devil
Source: - Saul Alinsky

Again, if you are aware of the answers to any of the questions above, please post in the comments section. Thank you.

Sunday, October 12, 2008

How bad is the economic collapse? Where's the bottom?

Dave Simonds (from KMOX "Dollars and Sense") sent out an email yesterday that answers a few of the common questions about the economic collapse:

Hello everyone,

Don’t be intimidated by the length of this e-mail. If you don’t feel like reading the whole thing, then scroll down and pick the questions that most pertain to your situation. I sent this same e-mail to my client base, but have deleted certain issues that pertain only to them. However, the general themes remain the same.

“Is this one of the worst bear markets in history? Where does it stack up historically?”

The numbers are staggering. Through today (10-9-08), the S&P 500 was down roughly 39% for the year. That is the worst performance during any given year since 1931. Think about that for a second. The market is behaving as if we were in another depression, taking us down to levels we haven’t seen in more than 7 decades.

Here’s another one that helps put this destruction in perspective. Over the past 200 years, there have only been four cases where U.S. stocks produced zero growth over a 10-year period. That’s pretty rare, right? Well, you can add a fifth as of today. The market (as measured by the S&P 500) is now down about 15% since October, 1998. We are all living in historic times, although it’s not exactly the kind of history any of us care to make.

“So where is the bottom?”

Ah, yes, the eternal question that unfortunately has no answer. Remember, you’re talking to a guy who sent an e-mail last week detailing how bullish he was becoming. The Dow has only dropped another 1,700 points since that e-mail was sent. Granted, I wasn’t predicting a bottom or forecasting that the worst was over. But I did remark how I thought the market would be higher in a few months and I’m going to stick with that…for now.

Virtually every major indicator that we follow started flashing bullish signs last week and I’ve always been wrong in ignoring them. But I’ve had to come to the conclusion that using traditional methods to track this market have proven useless. I wish I could provide some comfort by exuding confidence that the worst is definitely over but, alas, I cannot do that. What I can do is follow the underlying fundamentals of the economy and develop a reasoned prediction of where we’re heading. But the market is trading on fear, panic, and angst. When human emotion takes over, it’s absolutely fruitless to try to predict a bottom.

“Jim Cramer of CNBC made headlines by predicting continued calamity in the market. What’s your reaction to his comments?”

Cramer is a very brilliant, if not eccentric, man. Part of his intelligence lies in the fact that he knows how the medium of television works. Make very provocative, even outrageous, predictions and watch the spotlight fall on you. But remember that Cramer was NOT sounding the “sell, sell, sell” alarm at Dow 14,000, or 13,000, or 12,000, etc. No, he told people to start going to cash as the Dow approached 10k. So he was a mere 4,000 points late in warning people, and his track record of predicting the direction of the broader market is very suspect. We prefer to follow the folks who work quietly behind the scenes, and who correctly flashed the warning signs many months ago. These same folks are now ADDING to the stock market so that’s quite encouraging.

“What about the future? Is there anything we can move to that’s more defensive?”

Unfortunately, even the “safe” stuff has broken down. In past bear markets, like 2000-02, we were able to move assets into bonds (including emerging market bonds that made us money), as well as small-cap stocks and international equities that didn’t fall as far. We were down in 2002 but not nearly as much as the market because of other areas we were able to find that provided some support.

We have no such luxury this time. I heard one market strategist say that if a bear market like this had occurred in past years, gold would probably be at least $1,500 per ounce, if not higher. And yet, it’s BELOW where it was when the market really started to drop off the table in mid-September. If you can’t make money in gold during times of distress like this, then there’s nothing I can offer that gives me any comfort, outside of federally insured money market. Even Treasuries have gotten whacked in the last couple of days. I know of one gentleman (not a client) who moved all of his money into gold and U.S. Treasuries, and he’s DOWN!

So if you really feel compelled to move a portion of your investments to higher ground, then going to cash is the only real solution. Crazy, but true.

“Do you see ANY good news? Any light at the end of the tunnel at all?”

There actually are some bullish signs that are developing. One of the most impressive is the volatility index (VIX) that is hitting levels not seen since Black Monday on October 19, 1987. As we know, that was a once-in-a-lifetime opportunity to buy cheap stocks. When the VIX rises above 30, it almost always flashes a BUY signal. It’s extremely rare for it to ever get above 40, and when it does it has ALWAYS meant a bottom in the market. Well, it hit 58 on Monday, shot above 60 today, and has remained above 50 for most of the week. Unprecedented.

As I mentioned earlier in this e-mail, the “worry warts” we follow have been adding to equities over the past few days. One example is Ned Davis, the highly regarded strategist who charges a minimum of $40,000 per year for institutions to buy his research. Mr. Davis just moved 25% of his fixed-income position over to equities. These guys won’t necessarily hit the bottom exactly, but you have to figure they see something to their liking.

Lastly, the market always bottoms at maximum pain. I don’t know if we’re there yet, but I can tell you that this is the most pain I’ve personally seen and felt in my career. But don’t take my word for it. I’ve talked to some of the elder statesmen of my business who’ve been around for 40-plus years and they also remark how they’ve never seen anything like this. They’ve had more people cash out than on Black Monday, and that’s saying a ton.

“Promise, last question. What’s going to happen after the elections next month?”

I don’t know, you tell me who’s going to win! I’ve been saying for months that I believe we’ll get a post-election rally but I want to amend that somewhat. Because the average American/investor is so fed up with what’s happening, the mantra of “change” is becoming less of a desire and more of a demand. That helps Obama and hurts McCain. So if the former wins, I do believe we’ll get a post-election rally. Could be a short-lived rally, I don’t know. But my conviction of what happens with a McCain victory is less certain. The market may view it as more of the same (whether that’s fair or not is immaterial) and we may not necessarily see a rally that I would have hoped for a couple of months ago.

But let me clear, this is just a short-term prediction. I believe if Obama gets what he’s campaigning for, namely higher taxes on wealthy individuals while adopting some protectionist legislation in THIS environment, that could be detrimental longer term for the economy and the markets. But I’ll wait to see if those kinds of policies are even enacted before commenting further.

That’s it. I’m off to Chicago tomorrow afternoon to run the marathon this Sunday, so I will not be hosting the show this weekend. I have so much pent-up energy right now, you may see this shocking headline: “St. Louis native shocks the world by beating the Kenyans in world record time!” And then in true Forrest Gump fashion, I’ll just keep running for months on end.


David W. Simons, CFPâ

Vice President

Wealth Management Advisor

Senior Financial Advisor

Saturday, October 11, 2008

Those who tried to warn us.

One of the people who tried to warn us of the errors in the government's economic and housing policies was Peter Wallison.

From the New York Times 1999 (see the article uncovered by Dave Simonds below): Peter Wallison said: ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''

Peter Wallison should be considered "one of the guys who had it right all along". We should be listening to this guy now, instad of Barney Frank and Chris Dodd who appear to be complicit contributors to the problem.

Who is Peter Wallison?

Peter Wallison Biography from

Here is a good interview with Peter Wallison from September 2008:

Q&A with Peter Wallison on the topic of the economic crisis


Thursday, October 9, 2008

The economic collapse: Where it all started.

Dave Simons (From KMOX “Dollars and Sense”) has uncovered a gem from the archives. Here's a copy of Dave's email that was sent out earlier today:

Good morning “Dollars and Sense” listeners,

This is legitimate, I found it on the archives of the New York Times. Notice the date, around 9 years ago. Pay special attention to one particular expert who was warning of the eventual consequences. Too bad nobody paid attention.

New York Times Article - September 30, 1999

Let me say that I think it’s noble, in theory, to allow more people to have access to The American Dream. IN THEORY. In reality, it just doesn’t work. I’ll never forget walking into a lender’s office as a young married man, very naïve to what it would take to buy my first house. I was politely told to come back when I could muster a 20% down payment. Let’s hope we’re getting back to those days.


P.S. I’ll be sending an e-mail later today on my thoughts of the current status (meltdown?) of the financial markets, with some eye-opening tidbits that puts this bear market near the very top of the worst in history. So does that mean we can only go up from here? Stay tuned.

David W. Simons, CFPâ
Vice President
Wealth Management Advisor
Senior Financial Advisor

Tuesday, October 7, 2008

PUBLIC SERVICE ANNOUNCEMENT: How to put out a kitchen oil fire.

Pay close attention to the face of the woman at the end of the video.

This is a dramatic video (30-second, very short) about how to deal with a common kitchen fire ... oil in a frying pan.

At Fire Fighting Training school they demonstrate this with a deep fat fryer set on the fire field. An instructor would don a fire suit and using an 8 oz cup at the end of a 10 foot pole toss water onto the grease fire. The results got the attention of the students.

The water, being heavier than oil, sinks to the bottomwhere it instantly becomes super heated. The explosive force of the steam blows the burning oil up and out. On the open field,it became a thirty foot high fireball that resembled a nuclear blast. Inside the confines of a kitchen, the fire ball hits the ceiling and fills the entire room.

Also, do not throw sugar or flour on a grease fire.

This is a powerful message----watch the video and don't forget what you see. Tell your whole family about this video. Or better yet, send this to them.

Video: A Kitchen Oil Fire

Saturday Night Live takes up the topic of the ridiculous bailout bill.

Friday, October 3, 2008

What could Michael Crichton, Rush Limbaugh, Charlton Heston and Religion possibly have to do with Global Warming?

Please set aside any predjudice that you may have. Just for one moment. And listen to the following intellectual argument questioning the premise that man is significant enough to either ruin or save this world's climate. This is an audio clip of Charlton Heston reading from Michael Crichton's book "Jurassic Park" for the Rush Limbaugh show.

Audio Clip - Charlton Heston reads Jurassic Park

Here is a further glimpse into Michael Crichton's view of the world:

Michael Crichton Speech: Complexity Theory and Environmental Management

Here, Rush Limbaugh makes a compelling argument that describes the anti global warming movement as a form of religion.

Audio Clip - Global warming is a form of religion.

Everyone can fully understand why humans need to control their own pollution. However, I do not believe that it is within the scope of man to determine and attempt to maintain an "ideal" temperature or climate for this Earth.

Cooking with AP: Polls Radically Change Party Mix to Fabricate an Obama Trend

The data is included in the link above. Here's the just of the story:

After correcting for differences in the samples, almost all of Obama's double-digit pickup disappears, leaving McCain with four- and three-point leads without and with leaners, respectively. Even if one argues that the first poll showed a too-small gap between the two parties in the number of people sampled, substituting the 5-point difference Gallup identified shortly after the GOP convention would still leave McCain with a slight lead.
Either AP isn't supervising its GfK cooks properly, or it's directing them to poison discussions of presidential race, while hoping that no one notices the rancid product it is clearly producing.
AP waitress -- er, reporter -- Liz Sidoti brought out the new poll's results for our consumption yesterday with this exultant intro:
Barack Obama has surged to a seven-point lead over John McCain one month before the presidential election, lifted by voters who think the Democrat is better suited to lead the nation through its sudden financial crisis, according to an Associated Press-GfK poll that underscores the mounting concerns of some McCain backers.
Likely voters now back Obama 48-41 percent over McCain, a dramatic shift from an AP-GfK survey that gave the Republican a slight edge nearly three weeks ago, before Wall Street collapsed and sent ripples across worldwide markets.
As you can see above, her celebration is founded on fabrication; thus, her "explanations" are deep-fried in deception.
Just because AP, GfK, and Sidoti are serving us this rotten recipe doesn't mean that readers have to swallow it. So don't.

Thursday, October 2, 2008

Hold your nose and vote for it???

I have heard two different U.S. Senators in the last two days say on the news that they don't like the Senate Bailout Bill. They say that it contains too much pork. They say that it contains spending and incentives for things that have nothing to do with the "pending economic collapse". Then, after explaining all the things that they don't like about the bill, they say... Well... Since it is for the good of the country, I'm going to have to "Hold my nose and vote for it". HOW RIDICULOUS!

First of all, where is the evidence of the "pending economic collapse"? Sure, the stock market has dropped. Sure, some of the major banks and government run entities have failed. What's next? Where is the proof of what lies ahead if government doesn't spend this 700 billion dollars?

This whole thing stinks! It reminds me of a used car sales tactic. BUY NOW! BUY NOW!

How many people have ever listened to someone say BUY NOW and did not regret the purchase six months later.

I say that it is about time that these poor business models have failed. That is business. The strong survive and the weak perish. It is natural selection. A perfect model of nature. Let it happen! Those who survive will be stronger for it in the end. Don't vote for this bill. Don't pull us all down just to prop up these failed business models for the next ten or twenty years. Don't commit this money just to postpone their ultimate failure. If they don't die out or change their core business practices they are doomed to fail again. There is no avoiding it.

How many times can our government expect to go to the well until it is all dried up?

This is all too simple.

If it smells, STAY AWAY FROM IT!
If you don't like it, VOTE NO!

This link contains more information on the bill: