Monday, October 8, 2012

Re-post of last year as I said I would.

Tuesday, August 2, 2011

Vote Democrat next time!

They put all of these Republicans in office recently and we got gridlock. Emanuel Cleaver of Missouri called the recent action " A sugar coated Satan sandwich"  It was either this or the economy would be thoroughly trashed.  There will be cuts on education and other programs that help the middle class but no new ways to raise revenue. The Republicans just refuse to let the wealthy pay any tax. This comment is being written at just past noon on Aug. 2 2011 but we need to remember this on election day.Last week  REIT markets were down every day because of this and yesterday AGNC went up 3%+ before the market opened just as all the REITs did. Some of you lost a lot of money because you had to sell worrying that the arguement would drag on and do permanent damage. I didnt sell my core earners but I reduced my risk and was concerned about the future, I did lose some money on what I sold. If you own a REIT you better vote for Obama next term and do not vote for anymore Republicans. These people dragged this on while our investments suffered as a result. 

3:05 central time
Debt fears in Europe made markets fall:
NASDAQ  2669.24   -75.37  or - 2.75%
DJIA         11866.77  -265.72    -2.19%
AGNC       $28.49      -.54          -1.86%
IVR            $19.68      -.51          -2.53%
ARR           $7.52        -.01          -.13%
CIM            $3.13        +.02         +.6%
Silver          $40.79     +1.53       +3.7%
Gold           $1656       +36.20     +2.1%
$$index       74.446      +.184      +.24%

Video--description of last week:  http://www.youtube.com/embed/2YDqS6oMyfw?rel=0

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