Take a careful look at this. Soon you’ll be hearing about how great everything is. Obviously, Bernanke gave Greenspan a call and the Maestro told Uncle Ben exactly what to do…GET THE MARKET UP…

Be careful because it is thin and will eventually be delisted from the NYSE, along with its big brother, Deutche Telecom. BTW, the yield is over 10%…

Have a look at this chart and notice the range. Kinda like the major indices, huh?

The swings in the market and in sentiment create a large level of uncertainty with regards to the future and that alone scares individual investors out of the market. When you add in the domination by computerized traders, it’s no wonder that most individual investors think the game is rigged. But adding insult to injury is the major financial media. Whether it is the WSJ or CNBC, the stories fed to us listeners are usually a day late and a dollar short. Investing based on the reported news or by TV talking heads is seldom reality-based or forward looking. In my TV days I was always told by the Producer that the audience only knows “uppy goody, downy baddy”. I know how insulting that sounds but it is the truth. Now add in the new breed of financial blogger cum Strategist telling you what to do and you are really screwed.

Hope he’s paying a lot for the placement…nuf said!

We just returned from playing hooky and found that Oceaneering (OII) reported a blow out number. Not only was it big, but guidance was upped as well.

Remember, this is the stock that I went “off the reservation” with and publicly recommended after “top kill” failed and it fell from $55 to $40. That was June 1st. Realize that I usually save these gems for my paying members only…

The stock closed near 47, and is indicated 51.50-52.50. We will sell near 55 but it will go higher. As nations of the world drill offshore, Oceaneering’s expertise will be in great demand. This will be a $100 stock in a year or two but we’ll have traded it out with a 35% gain in 2 months. I’ll take that every day, thank you very much!