I put my pants on one leg at a time, and once I've got my pants on, I make gold records

Hello readers,
Sorry that it has taken so very long to post this week- but I’ve been rather caught up in election fever. The only solution was clearly more cowbell. But now, its all over so we can all go back to our everyday American (ex-pat) lives. While I’d love to blog about the outcome of the election and the effect it will have on the market, I will not- partially because I’m upset about the actual outcome and partially because I think the Obama tax plan will- in the long run- stifle the economy. One of the key strategies for getting out of this mess is to allow the free flow of capital through the markets and economy in general (who didn’t like that little extra something from President Bush a few months back…I used it to pay my student loan for a few months, therefore buying myself peace of mind). It is of course, much harder to allow the free flow of capital through the markets and economy when the taxes you pay are higher and therefore you don’t have the money to blow on those little things (I so wanted to buy a vespa…mint green…very Roman Holiday).

Anyway, a lot of corporations are getting ready to release 3rd quarter results. What are you all expecting??? It won’t be good for anyone I dare say- but frankly, I think that in the next 2 quarters we’re going to see a bottom from which we can all grow. With everything that happened in September how on earth is it going to be possible to post gains??

But then again, this might really be the opportunity for our generation to build up a nice investment portfolio at those rock bottom prices that will bring us our millions in the future. This is a lesson I learned from my father- who got it from his father. My Grandfather worked for AT&T, he wasn’t an executive but he was a hard worker who believed in his company- or at least believed enough in his company to invest in it too. It worked well for him, and at these prices you can’t lose (well, you can- but you get it).

Take my investment advice here my friends, my hot tip last week (you know, forget the markets and place bets on the Phillies) turned out to be spot on, which makes my hit ratio higher than Jim “buy Lehman stock even though its going to fail in a week” Cramer.