A New Tea Party

The common man did it in Massachusetts - defeating the corrupt ruling cliques that run this formerly one party state. The energetic Scott Brown won the Senate election in a huge surge of support over the past month. Obama gets a poke in the eye from voters. Brown hugely carried independent voters. This election signals HUGE troubles for the overbearing and selfish Democratic party. In normal times, Coakley would have won by 20 pts.; she lost by 5 pts. That's a 25 point swing. With good candidates, the Republicans can regain the House in November.

In my thinking, the Rs need to go populist libertarian [ideologically] and run against the bosses, earmarks, public employee unions, hedge funds and lobbyists. They should emphasize truly pro-job policies, pro-common man policies, pro-freedom adn pro-human rights, not the phony Obama policies that would be the Death Star for US jobs and personal freedom. Uh ... read this blog for ideas.

Markets

A good rally yesterday, erasing Friday's losses. Here is a rule I use for "trades" - For a trade that ever shows even a modest gain [being "green"], IF it later shows a loss [going "red", I close it out at once. This rule eliminates wishful thinking and prevents holding on and on and enduring large losses. Now I will hold a trade awhile that shows a small loss at once. BUT if it later goes green, then red again, I close it. This is my "green-red" rule for closing trades.

The trouble ... sometimes I forget the rule.

For an application, it's now effective for my call option play: that trade shows a modest profit now. IF it ever goes red, that will be the sign for me to exit stage left, 23 skiddoo.

Word of the Day

"Uremic" - adjective [$10] and "Uremia" - noun [$10]
Uremia means a toxic condition resulting form kidney disease in which there is retention of waste products normally excreted in the urine, usually accompanied by headache, nausea, vomiting and coma.
Uremic means of or involving excess nitrogenous waste products in the urine (usu. due to kidney insufficiency). People with uremic poisoning can develop skin color that is a pale yellow. Used figuratively, a uremic color is a dirty yellow - the most hideous of hues.
Sentence: The Democratic party shows signs of uremia; it hasn't cleansed itself for many years. But have the Rs reformed and can they look fresh and clean and not uremic ?