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Showing posts from November, 2012

Markets are ready to bounce back!

Now that DOW has finally touched 12500, I am changing my outlook for stack markets. It is ready to bounce back and DOW would close about 13000 by year end. Despite all nervousness around "fiscal cliff" and recession due to fiscal cliff, US politicians are not stupid to push country into recession. President Obama has upper hand in negotiations due to strong showing in re-election and finally republicans leaders have started showing some sense in their public talks (otherwise they know that they are going to lose control of house in 2014). So all indications are that there would be some kind of "grand bargain" between Thanksgiving and Christmas. Markets would start anticipating this starting from next week and start rising slowly but surely. This is why I am predicting DOW to close above 13000 and S&P near 1400. So what sectors I am bullish on? I still prefer REIT, Energy and Health-case sector. in REIT sector, recently I discovered new leveraged ETF - MORL (bet

Mr. President, It's time to Lead!

Even though I was 99% sure that President Obama is going to win his re-election bid, I eagerly watched election night results till late night just to make sure that it did happen. History was made again on Nov 6, 2012 when America re-elected Mr Obama as her 45th President. This proved that 2008 was not a fluke and America is indeed ready for non-white-male President. Hats off to American People for making it happen! Now it's President Obama's turn to prove that 2008 was not a fluke and match his words with his actions. I was once more moved by his victory speech on election night and looking forward to his actions to match his speeches in next 4 years. Here are top priorities I would like him to focus and lead. Economy, Economy and Economy (you can also read as Jobs, Jobs, Jobs) Health-care for all (implementation of Obama-care without breaking the bank for country as well as businesses) Get America out of all wars (and don't start new ones) Education (make college

Congratulations Mr President!

This is last weekend before one of the most important elections for all of us, future Americans and to some extent for world. I am personally endorsing Mr Barack Obama and congratulating him in advance for winning the election and 2nd term as President for USA. I have nothing against Mr Romney - in fact as person I like him and his values which come from his faith. However I have major differences when it comes to role of Government vs private sector with Mr Romney and his party. This was evident from last weeks effects of mega storm Sandy. If it is up to Romney and his party, they would outsource such responses from Federal government to state/local or even private companies. This is what we heard during earlier debates and we already had a taste of this during Hurricane Katrina response (when we had Republican President). Mr Obama handled response to Sandy very well by stopping his most important election campaign and focused all his energies to make sure that affected people get ne