Friday, June 20, 2014

"MONEY MAKER" - THIS MARKET IS NOT DONE YET!!!

                                               "THAT'S JUST MY OPINION" - VOL. - 53
"MONEY MAKER" by LUDACRIS F/ PHARRELL CAME OUT IN 2006. WHERE DID THE DOW CLOSE ON DECEMBER 31st, 2006? ANSWER - 12,463.15.
WHERE DID THE DOW CLOSE TODAY? ANSWER - 16,947.08!!!
THAT IS WHY THIS MARKET IS A "MONEY MARKET".
WE HAVE 6 TRADING DAYS LEFT IN THE MONTH OF JUNE.
WHY IS THAT SIGNIFICANT? IT'S THE END OF THE SECOND QUARTER.
SO WHAT YOU SAY! I'LL TELL YOU SO WHAT - MUTUAL FUNDS ARE SITTING ON 4 AND 1/2 % CASH!!!!! FURTHER MORE MOST OF THEM ARE ARE NOT PERFORMING AS WELL AS THE MARKET - IN ORDER TO SHOW THEIR CLIENTS THAT THEY SHOULD STAY IN THEIR FUNDS - THEY HAVE TO BUY STOCKS BEFORE THE END OF JUNE!!!!
LET'S SEE IF MY PREDICATION OF THE DOW 17,200 BY THE END OF JUNE COMES TO FRUITION!
NOW FOR MY RANT!!!
THE WASHINGTON POLITICIANS ARE MORE INTERESTED IN THE NICKNAME OF THE WASHINGTON REDSKINS THAN HOW TO FIX UNEMPLOYMENT, OR GETTING THIS COUNTRY GOING IN THE RIGHT DIRECTION!!!
POLITICIANS ARE QUICK TO BLAME US COMPANIES FOR NOT HIRING WHAT THEY FORGET TO MENTION OR ARE TOO STUPID TO RECOGNIZE THAT US CORPORATIONS HAVE THE HIGHEST CORPORATE TAX RATE IN THE WORLD!!!
39.1% - THAT INCLUDES FEDERAL AND STATE TAXES!!!
THE UNITED KINGDOM HAS A 23% TAX RATE!!!
IRELAND HAS A 12.5% TAX RATE!!!
SWITZERLAND HAS A 21.1% TAX RATE!!!
KOREA HAS A 24.2% TAX RATE!!!
ISREAL HAS A 25% TAX RATE!!!
GREECE HAS A 26% TAX RATE!!!
CANADA HAS A 26.1% TAX RATE!!!
MEXICO HAS A 30% TAX RATE!!!
GERMANY HAS A 30.2% TAX RATE!!!
IN TODAY'S GLOBALIZED WORLD, THE US CORPORATIONS ARE AT A COMPETITIVE DISADVANTAGE!!!!
ACCORDING TO STEPHEN GANDEL, AS OF JUNE 6TH, 2012 - US COMPANIES HAVE OVER $2 TRILLION DOLLARS HOARDED OVERSEAS!!!
WASHINGTON ARE YOU DEAF - BRING THAT MONEY BACK BY LOWERING OUR TAX RATE - SO THESE COMPANIES CAN USE THAT MONEY TO HIRE MORE PEOPLE AND OPEN NEW PLANTS AND EXPAND THEIR BUSINESS AT HOME!!!!
I GUESS THE WASHINGTON REDSKINS NICKNAME IS MORE IMPORTANT!!!!!!!!!!!
VOTE THESE MORONS OUT OF OFFICE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
OK I'M DONE.
LET"S LOOK AT THIS WEEK'S ACTION.
THE DOW - HI - 16,978.02
                  LOW -16,722.86
            CLOSED  -16,947.08
OR UP 171.34 OR UP 1.02% FOR THE WEEK.
LET'S LOOK AT MY WIFE'S, MY SON'S AND OTHERS ACCOUNTS FOR THE WEEK.
DIS - CLOSED @ $ 82.82 OR UP 0.02 CENTS OR UP 0.02%
AIG - CLOSED @ $ 55.58 OR UP 0.88 CENTS OR UP 1.61%
MU - CLOSED @ $ 31.85 OR UP 0.68 CENTS OR UP 2.18%
SD - CLOSED @ $ 7.34 OR UP 0.39 CENTS OR UP 5.61%
JCI - CLOSED @ $ 50.61 OR UP 0.97 CENTS OR UP 1.95%
RIG - CLOSED @ $ 45.38 OR UP $1.05 OR UP 2.37%
CHK - CLOSED @ $ 30.89 OR UP 0.42 CENTS OR UP 1.38%
FDML - CLOSED @ $ 20.04 OR UP $1.30 OR UP 6.94%
NKE - CLOSED @ $ 75.10 OR UP 0.48 CENTS OR UP 0.64%
GE - CLOSED @ $ 26.97 OR UP 0.15 CENTS OR UP 0.56%

NEEDLESS TO SAY - ALL ACCOUNTS MADE NEW ALL-TIME HIGHS!!!!!!!
THIS NEXT WEEK SHOULD BE INTERESTING!!!!!!!

                                                "THAT'S JUST MY OPINION"
THANK YOU;
LEN DWELLE
lendwelle@hotmail.com 

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