This is a vote for the future, for the children, for the rule of law, for humanity, for love.......................1982

February 2, 2005
Hello,

Let the counting begin, on this day the Iraqi people gave the blue finger to the terrorist and their allies in the mainstream media and the US congress. This axis against democracy was resoundly defeated and rejected. The issue now is not weather the Shites in Iran will influence Iraq but weather the Shites in Iraq will influence Iran and the rest of the mid east .Next time you hear complaints by US voters of long lines at polling places, just think how the Iraqi people braved gunfire, violence, beheadings, car bombs, media antagonism and acts of barbarity, to pursue their right of self determination.

Meanwhile the ground hog did not see his shadow, humm looks like six more weeks of winter or maybe it is six more weeks of market volatility. I am sure some Wall Street analysis’s is running the numbers as we speak. Like the January barometer, I spoke about in last week’s email which is signaling a down market. Well maybe not, just remember 1982, and the beginning of the great bull market, it bears repeating because there seems to be a very strong corollary between then and now. Remember a “stupid cowboy” named Ronald Reagan waged the cold war to win, cut taxes, deregulated, fought unions, moved for freer trade, pushed the Lauffer curve, ran budget and trade deficits, rebuilt the military, pursued star wars technology, and of coarse again he was” just a stupid movie star cowboy and going to start a nuclear war”. Sounds so familiar and perhaps it sounds so familiar to the stock market as well. Meanwhile we won the cold war, tax cuts created a huge economic boom, the DOW rallied from under 1000 to 12,000 in 18 years.

By the way if the Social Security System is so great how come members of the US Congress do not participate in the plan? Any ways don’t forget for 2005 your IRA contributions have been increased from $3000 to $4000 and it is not too late to make your 2004 contribution you have until April 15th. If you have not done so 2004 and 2005 contributions can be made this year; you only need to make two separate deposits. This could give some investors a jump start of $7000 toward their retirement funding.


James

Sorry Eagles, wait till next year…..