Sublime Beauty Clears the Head, No? ( And Dig Larry Kudlow on the Fife)
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On vacation and feeling only slightly more put off than usual by the usual cynical sniping on these fora. I’d thought we’d put these AGW hand wringers to bed when their entire academic conspiracy was blown some six months ago at it’s corrupt heart in Merry Olde Englande. But no, some control freak Big Gov’t types don’t even know to fold when their pair of deuces is called and found wanting.
So be it, I won’t let the teeth-gnashers ruin this generally good mood I’ve been in, despite the real threats to our economy and freedom in these United (still) States. For myself, I am going to continue banking on — and banking coin on — the ingenuity and innate elasticity of the American people, despite the embittered natterings of the “entitled” ignoranti who believe they are owed a living.
But enough of that. There are two stocks I believe are set to continue making outsize gains in the coming Bearcaploypse Now. The first with which you are well familiar — the much discussed ENTR.
It has not been taken the pounding so many did in this recent pullback, but you can see that it touched support last Thursday and now seems poised to finally break that $6.75 barrier. Fly will get you ten this thing goes to $10.
The second near termer is the little brother to fast walkers CREE and VECO. I think POWR has been consolidating nicely on this weekly chart while staying with it’s trend. I like it to pop with any post – Fourth fireworks this week. Look for new highs here, too:
You should use that trendline as your guide. We very well could drop down to the mid $8’s here again, but I think that should present a nice opportunity.
On the precious front, I continue to love ANV and SLW here as the strongest launch contenders out of this pullback, but RGLD may be the cheapest value play of them all, this far below $50. Your call, I love ’em all.
Be well, and take courage in knowing that even dumb left-leaning governments can learn, as the Ozzie’s foolish decision to tax their greatest exports and economic engine (their mining sector) was recently diluted by 25% (from 40% tax to 30%). Only 75% more to go…. (eye roll)
Best to you all… I shall be checking in sporadically during the day, as my B’berry access will be limited this week.
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$HUI reaching into oversold territory, IAG hitting it’s 34-week EMA and bouncing. I like it best here, and then EGO and last ANV.
SLW also bouncing out of oversold on the silver side… PAAS second pick there, and EXK will be the most explosive (but play w. caution).
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Dollar down another 85 bips — there’s your “Fourth of July Rally,” gentlemen.
Eat your hot dogs while you can.
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Kobayashi ate all my hot dogs!
There’s got to be a yen parody joke in there somewhere, but I’ll be damned if I’m going to work it now…
Off to the beach to crisp m’self further!
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JG,
“despite the real threats to our economy and freedom in these United (still) States. For myself, I am going to continue banking on — and banking coin on — the ingenuity and innate elasticity of the American people”
Which has always essentially been based on European immigration. After WWII, this was primarily German scientists, plucked from Nazi Germany [ahead of the Russians]
More recently, imports have been from India etc.
Starting with Bush, and seemingly continued by Obama, immigration of brain trust into the US has been severely curtailed, and even reversed, brain trust types leaving for more hospitable climes. When looking at economic data, this variable hasn’t received that much analysis.
jog on
duc
I am wholly in agreement that our strength is built on our absolute willingness to import brains on a regular basis, starting from the Founding.
As an aside– I found out something interesting in that regard yesterday. Apparently, the Declaration of Independence was read in the town square of Philadelphia (Center City?) in German (Dutch) first, an then only secondarily in English. Amazing, no?
But I would not ascribe our genetic replenishment “luck” to any one ethnic group or to (perish the thought!) some government directed planning (like the importation of many many smart Jews prior to the shut down of Europe in the late 30’s, which was largely luck on our prejudiced country’s part) .
No, I continue to believe that people will find their way here, and the immigrant stories I run into today are not much different than those of my own family. The only difference being that my successful friends are Indian or Chinese, or to some extent Viet Namese and Russian, and their parents were motel owners or Subway franchisees instead of bar owners, firemen and police officers.
The end result is often the same… they instill an ambition in their kids born of the American dream and their kids come through (at least in that second generation) with big balled success.
Note, these are all LEGAL immigrant stories. The porous border problem would be not such a problem (these are hard working ambitious people too) if there were enough “flow regulation” to retard the ghettoization (and lack of assimilation) that retards “Americanization.”
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JG,
I agree that no one particular country provides the quality of immigration required. However, immigration, as measured by Green Cards, which is a fair proxy for immigration, is way down on the 1990’s which saw the “Tech boom” http://www.dhs.gov/xlibrary/assets/statistics/publications/lpr_fr_2009.pdf
Bill Gates, a couple of years ago was complaining that the tech industry was falling behind, as India seemingly provides a serious % of quality employees. His complaint to Bush, unsuprisingly, went unheeded.
Of course 9/11 and Homeland Security provided the Statists all the ammunition required to further close the borders in a frenzy of further retarding personal liberty and property rights.
My point being, America is not going to innovate out of the quagmire with homegrown talent, it never has historically, and currently is doing seemingly everything possible to stymie any return to previously successful policy.
The increasing socialism is blunting the American dream of capitalism providing the level playing field where anyone can succeed, if they have the ability. This increasingly, is clearly not the case.
jog on
duc
The idiot Bush emphatically did not “close the borders” – he flung them wide open to cheap illegal labor from the south – – Mexico and Brazil in particular. He only tightened-up on legal immigration – sending thousand of engineers educated at places like MIT packing. There are few areas of our lives and our economy that were not fucked-up by Jake’s hero.
Toothless —
Just because you hate him and attribute all your personal failures to him does not make him “my hero.”:
Nor, the devil. Better than Obama? Emphatically, yes, with two zeros at the end.
Try to launch out of the Worcester County Bush Hatred Club. It’s a wiiiide wide world out there. And this is no dress rehearsal.
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Green cards are not the proxy for the second generation. It’s the Americanized children that make the difference, dollars to doughnuts.
Our problem is not w. statist immigration policies, but with statist policies over all. If we make America like every other quasi socialist country extant, then those first generation motel proprieters will not arrive to give us their ambitious progeny.
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JG,
Second generation children are educated in America. Your educational system is now appalling. Thus, I posit, it is the green card applicants, immigrants, that drive American innovation, not entirely, but of a significant importance. Whether that be through technical knowledge, or entrepreneurial drive.
jog on
duc