-Increased position in PRGN for multiple portfolios

-Sold SWI in the 24s and rebought in the 18s.

-Increased position in AT&T

-Bought BP at $50 and again at $40.

-Sold complete AA position

-Long GOOG at $486

-Sold GLW

-Sold BRK.B

-Sold MO in all portfolios

-Sold DOW

-Sold remaining position in AAPL

-Sold complete JNJ position

Please do something interesting.

Sincerely,

Marketchasers.com

• Bart Stupak is a fucking scumbag. Most politicians are crooked, but this really does take the cake.
• Barack Obama just punched his one term presidency ticket with this healthcare bill. I have always had a strong dislike for the democratic, but now I have a borderline hate for the party. The democratic party is no a party, but a socialist cult.
• Corporate business will suffer. GUARANTEED. One such example of this is one of the new healthcare mandates for businesses with over 50 employees. If your company has over 50 employees, you are required by law, to provide healthcare to every employee whether it be part time or full time. If you do not abide by this, you will be fined $2000 per employee per year. One company that comes to mind that will be affected by this is Home Depot (HD). Expect shares to fall tomorrow.
• I have always said in the past how Obama was trying to run this country into bankruptcy jokingly because I thought a good portion of our democratic politician in congress had a brain larger than a rat’s. We are in the worst recession since the great depression and we just tacked on another trillion dollars to the balance sheet.

I really do have alot more on my mind but I am just too flustered to think. As far as trading is concerned, I am planning to liquidate alot of my equity in the stock market and potentially move it into some short term bonds, or high dividend defensive companies for a while.

This watch is stunning to say the least. It is beautifully constructed and the type of stainless steel they used to construct it shines like no other. You could probably see this thing gleaming from about 10 miles away on a clear and sunny day. The attention to detail is amazing as well because these watches were meant for pilots and all the small numbers and stuff on the dial and bezel were meant for calculating things like fuel consumption rates, nautical velocity, ETA times ect. There are two negative thing to say about this watch and both are something I criticize many watchmakers on. First is the use of glow in the dark components. I think it is childish and looks “cheap” but logically it does make sense if you are driving when it is dark and such. Lastly is the band option. Navitimers run about $5,200 (plus tax!) for just the timepiece without the wristband. The leather straps are relatively cheap, but if you wanted the Breitling stainless steel band, it would run you $1400. Ridiculous!

Take a look at the pics. Sorry if they are a bit small or blurry but I use a DSLR and these things have a minimum focus range that is alot farther than your basic point and shoot camera. My personal favorite of the Breitling line are the Montbrillants but those things are a bit out of my price range. Enjoy!

This is absolutely ludicrous. Granted I haven’t shorted anything in a year, but this is getting a bit out of hand. For some of you who remember a post I wrote about two or so weeks ago, I stated that I was planning to go short around the 1120-1140 range on the S&P. Thank goodness I didn’t do that. There really was only one central reason why I didn’t short, and it was due to the microscopic volume. Shorting a market on low volume never really works out for the people on the short interest side…..atleast most of the time.

I went back to do a little digging on the S&P and found that we are fast approaching a key Fibonacci level on the S&P 500 with a good amount of resistance. With this being said, I really do want to short, but the market just keeps chugging up to he point where I don’t even think the bulls know what is going on. All in all, I think I may actually start purchasing some in the money put options or bear spreads as we approach that 78% retracement but until then I will just be hiding in my bunker.

If the market kept moving up even past that Fibonacci level, may God help us all. The world as we know it is still in a recessionary state, many countries are on the verge of bankruptcy and there are still a on of problems throughout the economy. A return to the 14,000 level on the Dow is be impossible. If that were to happen, I would stop trading.

Seven straight days of positive gains…..17 out of the last 23……

Outrageous.

http://slopeofhope.com/2010/03/great-moments-in-tax-preparation.html