The absence of evidence is not the evidence of absence

February 6, 2006

Hello,


Don’t sweat a war with Iran the real threat to investors is the super bowl indicator.

Ok you have heard this over and over, if an old AFL team wins the super bowl ie.. Pittsburg, the market does not do too well, well never fear the Stealers were originally an national football league team that was moved to the AFC in 1970 when the leagues merged. And let’s face it with all the expansion teams since the original AFL, NFL merger the super bowl indicator may go the way of the ticket tape.

Recently the US Senate wanted to have hearings on weather the oil industry is profiteering from the current unrest in the mid east. The oil industry gave the senate the cold shoulder. Perhaps the senate should allow more domestic drilling and other energy source development so the oil companies would have something to spend their money on.

I have to agree with Jim Cramer on this one between Iran going nuclear ,lack on new oil discoveries and OPEC looking maxed out and I would add a underinvestment in energy infrastructure ,I am not really sure that three days of warmer weather are really all that meaningful in the total long term energy picture.

It is really worth going to war over a cartoon? Many seem to think so, seems the recent controversy over a Danish Cartoon depicting Mohamed in an unflattering light ,is now being duplicated all over Europe ,with many European News Papers posting similar style cartoons provoking outrage in the Muslim community and threats of violence from various terrorist groups. Mind you cartoons have come under fire before but I don’t recall anyone taking hostages.

Here we go again…in the short run if GM cuts the dividend it will save them some cash ,but what I worry about is this savings may be used to mask some of the hard choices the company needs to make in order to make it self a viable company again.

On another note I continue to hear about how the “Bush administration is using domestic spying”, is anyone asking why are so many people in the USA talking to members of Al-Quada, … hummm I don’t know but I would think that might be important.. As for the government invading your privacy, most of us would be lucky if we were so important that anyone would really care about our mostly uninspiring life’s. Besides if you have ever filled out a TAX form and I know some of you have the IRS knows more about you than you do about your self.

Finally don’t forget you’re IRA’s ,contributions are $4000 for 2005 and $4500 for those under saved baby boomers 50 or older ,remember the only people who can depend on the government for their retirement income are men serving life sentences in prison for murder.

James

http://www.jamesfoytlin.com/

http://onesmallvoice.blogspot.com/