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Benny’s picks & predicts BLOG
Benny … “The Smartest Cat in the Room”
benny@AskBennyTheCat.com
BENNY’s NEW PREDICTIONS
POSTED: Monday 7/12/2009 @ 11:15pm MST-Arizona
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Hello Benny Fans, will it be earnings week or earnings weak? . . .
Hey Benny Fans, go to the Perfect Pet Feeder link below and check out who’s on their home page in a featured story…that’s right, Moi! Week #15 of my diet and I’m continuing on my quest to lose those extra pounds I put on over the winter! I lost 12% of my body weight in the first 8 weeks and I continue to drop the pounds! My latest progress picture will be going up this week soon – so check it out!
Earnings week or Earnings weak …
Ah, earnings season! I always get excited by good works of fiction! Watch the banks especially and remember that mostly, they’re insolvent. They are held together by stimulus injections they are hoarding to pay their operational expenses and not lending it to anybody. These fictional earnings numbers are also supported by mark-to-fantasy accounting practices invented and endorsed by the FASB.
Have you noticed that you don’t get dozens of credit card offers anymore in the mail? Hooray! Since $1 out of every $10 in credit card debt will never be paid back, don’t expect to get any offers soon. On the good news side, Victoria’s Secret catalogs are coming in greater frequency and some items are now 75% off!
Inflation is not coming anytime soon despite all the talk you hear about the government “printing money” like there’s no tomorrow. They are not printing money, they are creating debt and giving money to insolvent banks who refuse to put it out into the economy. You can’t have inflation without the money flowing wildly into the economy.
I like GLD right now better than SLV. Watch for GLD and SLV to find their bottom and for their MACD’s to cross-up and buy in after this little pullback. SLV is still looking for a bottom, possibly around/under $12. Once it starts back up, I’m looking for SLV to run into 2010 before it peaks.
Read about how all asset classes are in a free-fall at this way cool site where I go to get all my “secret” information!
Let’s go long on these this week…PLL (Pall Corp.), WHR (Whirlpool), FCN (FTI Consulting), FDX (FedEx), ROK (Rockwell Automation), UNP (Union Pacific), and CUB (Cubic Corp.)
And here’s my “dogs” for the week (notice they call bad performing stocks dogs!) . . . JPM (JP Morgan Chase), CUK (Carnival plc), NTRS (Northern Trust), AZO (Autozone), and AGN (Allergan)…there you have it – Benny’s Baker’s Dozen.
Here’s a head’s up, Benny Fans! I read in the CR News Reports© (the source for my wisdom) where more and more money is pouring into the market from retail investors. However, at the same time, insider selling is at a high. This smells fishy, and I don’t mean in the good way . . . you know, like Yellowfin Tuna Florentine. I mean that you better watch yourself out there. Someone’s looking to pull the plug and flush the little fish down the toilet in Q3.
Did you ever realize that the news is never new? It’s a history lesson by the time you receive it. Get the News Before It Happens…..Click on this link . . . www.CRNewsReports.com . . . and sign up for the Free Trail to the CR News Reports©. Your Life, predicted ahead of time! Be the smartest cat in your family! Fill out the form in the upper left-hand corner of the Home page then watch your inbox for a confirmation email. Why wake up to the news when you can get the news that wakes up the World?
When all the stores at the mall close up and commercial real estate developers are insolvent, what will we do with that space? Find out at this blog entitled “Ghost Malls.” You don’t want to miss this brilliant commentary.
Get the economy moving again…invest some of your money in something that will give you a long-term return – a Benny Mug! Prove your Benny fandom and start your day with a giggle! . . . Meow for Now! . . . Benny.
Tags: credit card offers, Earnings week or Earnings weak, fictional earnings, insolvent banks