Wednesday, January 05, 2005

stingy......................nuts!

December 27, 2004

Hello,

*First a quick note on the Tsunami: I find it very disgusting that any one would use a tragedy of this magnitude to make cheap political points. Spending and giving someone else’s money is not charity, it is mooching! Since the UN has proven time and time again that they do not have the ability to act decisively in a crisis there is no reason to think that they can contribute anything positive to this crisis. The UN has once again demonstrated their failure of leadership and their failure to act. President Bush has wisely circumvented the UN bureaucracy and skimming machine, delivering aid directly with our allies in Japan, India, Australia and Great Brittan to the areas affected.

Folks this is my year end market letter, so like everyone else I’ll try to pick the winners and the losers, separate the wheat from the chaff and separate the boys from the men. It is a tall order given the markets propensity to make pundits consistently look like fools. Recent moves in the market since the November election only reconfirm my earlier prognostications. Succinctly speaking; the economy will boom and the stock market will zoom. While the nay-sayers in the mainstream media will continue to harp that the end is near, and it is all George Bush’s fault, the reality is far different. Inflations continues to remain under control, interest rates despite raises remain low, consumer spending and housing continue at a brisk pace, energy prices will continue in their fall ,productivity will grow like a weed, payroll employment will continue to increase and new business formation will flourish. Yes, I am very bullish.

So instead of reminiscing about 2004’s have’s and have not’s, winners and losers, the two Americas ,where are the WMD’s, where they aren’t, whose axis of evil anyway, super bowl half times shows, not my president, Grey Davis, Howard Stern, Gay Marriage , the death of a president ,1000 causalities ,too prolif or not, global warming ,global cooling ,graying of snow, the yellowing of snow, the ice caps are melting, Halliburton, FOX/CNN, too Google, old media ,new media, you’re fired, red sox, red states ,blue states or pink states, Jesus land ,massive right wing conspiracy, it’s a quagmire ,to vote or not ,presidential libraries or trailer parks, the Swifties, Mekong delta, war hero for who, and recounts and recounts and recounts oh my……
So if all this leaves you confused , empty and blue (or red) the most important thing to remember are those years ending in 5 always seem to be up! In 1995, the S&P 500 Index was up 34.1 percent. In 1985, the S&P 500 was up 26.3 percent. In 1975, the Index was up 31.5 percent. In 1965, the S&P 500 was up 9.1 percent. In 1955, the S&P 500 was up 26.4 percent and in 1945; the index was up 30.7 percent. I make no promises I am just telling the numbers just the facts mam, just the facts.

Happy New Year and thank you again for all the referrals!

James

I want to say Happy Birthday to our beloved web designer Kristine D Paige (January 2 ….)

http://onesmallvoice.blogspot.com/

http://www.jamesfoytlin.com/

http://www.ridgewoodrepublicanclub.com/

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