The KangarooMoney Team did note that the Fed did not change current interest rates and that Oil has continued its upward assault on $150-$200 per barrel. We have also noted that the financial sector has continued to trend downward, dragging even the solid and well managed companies down with the shady and badly managed companies. But most of all, the KangarooMoney Team now notes that a sudden and sharp drop in the US stock markets is taking place as more and more people begin “Panic Selling” to get as much present value out of their holdings as possible. As more and more people try to get enough cash to maintain their current overblown lifestyles, they will sell all that they have left to raise cash to spend today and tomorrow, which are their stocks and bonds. DO NOT FALL INTO THIS TRAP.
We here at KangarooMoney.Com feel that in the next 2 to 3 weeks the Dow Jones 30 Industrials may drop to as low as 9,000 from its current point. As the US Markets ( and later followed by the overseas markets ) continue to drop, great opportunities will present themselves to allow for bargain buying in the stocks of some major existing companies as well as the chance to get in cheaply on up and coming companies. You must ask yourself if you truly expect large American Icon Companies like Ford, GE, Microsoft, IBM, GM and Boeing to actually going to close up and go away, never making any product again. In the opinion of the KangarooMoney Team and KM Partners, that is not the case.
Watch the markets and scout your targets well. Wait for the bottom to come, the true bottom and not the “Dead Cat Bounce” bottom based on headlines screaming “historic lows, they can’t go lower” and then plan your purchases. Situations like what is happening today have happened before, just not in “recent memory” which appears to be the last 5 to 10 years. Innovation and stunning achievements will be made in the next 12-36 months that will make savvy investors a great deal of money. Like you, Little Kangaroos.
You will find our weekly comments here on this page with fuller opinions and reasons following after you hit the (click here to read more) highlights. ( Currently, we have turned this feature off so that one and all can get a feel for our openings and read all that is available. In the future, this feature will be turned on.) Anyone can tell you a one or two sentence blurb, but we like to back up our comments with our views so that you can understand where we are coming from.
Below the weeks’ stories, there is the U & C section, the KM Team will give you some of the latest information concerning some of the previous comments published here as well as compare the KM Team take on things to other counterparts. The U & C section will be a nice way to see if the KM Team is staying the true course in the ocean of Economy.
Down lower, you will find our Market Mover of the Week feature, highlighting the one person that the KM Team thought was most responsible for moving the USA markets and / or economy for the week past.
Then there is the Definitions of the Week. These are items that will be complied into a term dictionary at a later date but that will help you now as we explain some of the power phrases of the week just passed.
An additional feature has been added called International Impact Incident of the Week. The Triple I section will highlight an international situation either just passed or an upcoming event that the KM Team sees as a United States financial markets mover. Somewhat like the MMW feature, we will check to see how our forecast of the Triple I event turned out.
Most importantly, The KangarooMoney.Com disclaimer has moved to the bottom of the last post on the page. Please make sure to check the disclaimer out if you have any questions about how you should enjoy our writings here.
Because we are writing for everyone, don’t be afraid to let us know how we are doing. This is an ongoing work-in-progress where we hope to bring fresh changes, new site additions and page features as we go forward. As the days go by, we won’t forget to tell you we think we are doing — so don’t YOU forget to tell US how you think we are doing! For now, enjoy, learn and earn!
Gas prices too high? “the fault, dear Brutus, lies not in our stars, but in ourselves”…Remember GM’s Futurama 2 or Ford Magic Skyway attraction from the 1964 New York World’s Fair or how about the World in Motion Post exhibit at Epcot in the late 80’s-early 90’s and all of the auto shows? Why these examples…most all of these attractions drew massive, to record breaking, crowds. (click here to read more) We were shown technology from electric vehicles that drove themselves to new highway systems. They just didn’t call them Hybrids back then. They were just the car of the future, just concept cars. The point being, most of us heard about alternative energy from the automakers. And, we ignored all of the warning signs. It’s convenient to blame Big Oil companies for making a profit but, isn’t that the point of being in business, to make a profit? Even after the oil crisis in the 70’s, we did very little to head off the current crisis. Politicians were so busy trying to get elected that they got everybody to buy into the ethanol stuff just to get the Mid-West farm vote, which you need if you want to be elected President. Yeah, how’s that ethanol working out for the country? Now we get to worry about the food supply too. Oh, and did I mention the U.S. Department of Energy ( http://www.doe.gov/ ), if you want to talk about a lack of an energy policy, leadership and direction? When was the last refinery, nuclear power plant or hydroelectric dam built? Now, with most of the country screaming about the high cost of gas, “The U.S. Department of Energy (DOE) today issued a Funding Opportunity Announcement (FOA) for up to $130 million over three years, subject to Congressional appropriations, to advance the development and use of fuel cells for automotive, stationary, and portable power applications.” A little too late to the party DOE, by decades. A few secretaries of energy have swung through those doors but no one came up with a plan to head off this current energy crisis?? No one learned the lessons from the Oil Crisis of the ’70’s?? The American public did not give our elected officials a mandate on a lot of issues. So why would we not expect them to drop the ball on energy? So, as an investment opportunity, both Ford ( F, traded on the NYSE, a stock owned by KM Partners) and GM’s ( GM, traded on the NYSE ) stocks are trading much lower. They both have demonstrated viable alternative energy vehicles and have started to bring them to market. The KM Partners team owns Ford and plan to buy GM as well. We believe that they are both a long-term play.
So, you have cut all of your expenses to the bone and you STILL need grocery money this month. You figure that it’s finally time to break down and use E-Bay ( EBAY, traded on NASDAQ ) to your advantage and finally sell your old baseball cards or your childhood coin collection. Too late. The culprit? Oil. Of course. (click here to read more) Here you are, trying to sell your valued collectibles to make up some cash shortfall, your childhood baseball cards or your teenage comic books or your young adult coin collection or that set of Beanie Babies. Well, forget about it. You’re too late to the party. Like yourself, most other people are out there trying to raise cash and sell some or all of their valuables to their fellow collectors, people just like you. The problem is that no one else is BUYING anything, they are all SELLING everything. Because of that, the prices will keep dropping and dropping on the items. Meanwhile, you begin to wonder why you ever held onto this stuff. And then the items start to either be pulled out sales because of the prices or they start to get bought up by the same person or same people. So, what should you do? Well, you should be buying the bargains at the low end of cycle. What?? KM is telling me to BUY when I’m looking to make money? Keep in mind that the collectible market situation like that above, can be a direct relation to the Stock Market situations in the United States. People have decided that they want to cash out their valuables because other people are doing it. Those that get in second or third to sell, they get disappointed that prices are not going up or even keeping up. Those people start to sell at any price, just to get the cash. Soon, prices are at “lows that haven’t been seen in 10 years” or “20 years” or, and this is the worst, “historic lows”. You see some bounce on the collectibles or the stocks and then those items drop again, and then the cycle repeats only downward again. What to do Kangaroos? Hold on those memories and bits of cardboard or colored paper like you have for the last 10-15-20 years and wait for the upturn to come back in 3-4-5 years. Hold on to your stocks if can, if you feel that the companies will not go away, and wait for that upturn to come back. And about being short for your grocery money? Well, diets are always a summertime thing.
Boys and their toys? Nope. Boys selling their toys…Boats, RV’s, Snowmobiles, ATV’s and Jet-Skis are all for sale, fuel costs for recreational vehicles are too high of a price to pay for the fun. (click here to read more) On a recent trip back up home, I drove up I-95 and I decided to do it one last time before the price of gas made it up to $10 per gallon. I like to the use the back roads when I can if there are any traffic problems. Yes, there were plenty of traffic problems, mostly weather related. I noticed almost every kind of recreational vehicle for sale on the front lawns and in the driveways of the homes I drove by. Ironically, the front tag plate on one of the trucks for sale read “He who dies with the most toys, wins.” No winners in that neighborhood. Kangaroos, there are deals to be had out there. I would offer pennies on the dollar. Most likely, the King of the Castle has the Queen screaming in his ear to get rid of all the toys or He’ll be sleeping on the couch ’til he does. Be careful as gas prices will not come down and / or may never come back down to a reasonable price again. These toys are for sale for a reason. There is one toy that’s making a come back: the motor scooter, with sixty to eighty five miles to a gallon of gas, but not a lot of room for groceries. We at KangarooMoney hope that all of you learn and remember for the next cycle or down turn the valuable life lessons of this Recession…What’s the Boy Scout motto?…”Be Prepared.”
Professional sports across the Big 4 — Baseball, Football, Basketball and Hockey — are about to see suffering that hasn’t happened in this country since World War II. While some of the typical championship towns like Boston, New York, Los Angles and Montreal won’t see too much of a drop off in fans or cash, you can bet that high cost of a sporting event will start to weigh heavy in places like Kansas City, Tampa Bay, Seattle and Atlanta. The culprit? Oil. Of course. (click here to read more) This line of thinking should not be that difficult to follow really. If I am having a hard time making my mortgage payment, my car payment, my credit card payment, my regular monthly bill payments and still keep food in fridge and gas in the car, why and how would I have enough cash left over to go see a sub-.500 sports team with no chance to make the end of season playoffs? And so, the ticket prices begin to go up, the parking fees go up, the concession stand prices go up and the attendance goes down, down, down. The players don’t get as much money as they think they are worth and they start to make noise to leave town for a winning team. The problem is, there are a hell of lot more cities with teams that DON’T win then there are cities with teams that DO win. Then, the owners want to either get more freebies from the home team cities or they want to move somewhere that the ticket sales will be way high for several years. The local economy that is tied to the team, all those vendors and parking garages and food sales and bar sales, begin that slow downward spiral that only a big money team can revive. So, can you see those 35,000 to 75,000 seat stadiums filling up when the team is 20-30-40 games out of 1st place? Can you see where even a Saturday afternoon trip to the ballpark or the arena to shell out for your family of 4, are you ready?, on average $191.75 for baseball to $301.75 for football ( according to the Team Marketing Report, here at http://teammarketing.com/ ), is going to go the way of Sunday drives and weekend flights to the islands? Are support companies like Aramark concessions ( that was a publicly traded company until going private in January 2007 ) and ProPlayers souvenir clothing lines going to stay healthy and fully staffed? Are Professional Sport clubs and their supporting businessesj even close to being ready for the economic down turn that is here? The answer is an arm waving, rolling wave of “NOOOOOOOO”.
World, Lake Buena Vista, Florida. This presentation, shown here in a 1990 recording, played in General Motors’ Transcenter exhibit hall from 1982 to 1996. The show was created for General Motors by BRC Imagination. Lowell Thomas about the upcoming New York World’s Fair of 1964-65
Updates and Comparisons: Much more here doing WK32 — trust us!
Market Mover of the Week: Well, this would hardly seem fair now would it? See here WK32.
Market Mover for Week 21 2008: Well, this would hardly seem fair now would it? See here WK32.
International Impact Incident: Well, this would hardly seem fair now would it? See here WK32.
DEFINITIONS:
COLLECTIBLE: an item that describes something that has been made for people to collect in either sequence lots or groups of individual items; a person may collect Baseball Cards made by a company in the numerical order that all of the player cards appear OR a person may collect just one team or player of all of the companies that make baseball cards; a collectible item is usually one that will fetch a higher resale price for it than the original issue price of the item from its manufacturer.
New York World’s Fair: there were 2 World’s Fairs held in New York City — 1 in 1939, seen as an antidote to the lingering feelings of the Great Depression, which gave us the terms “Futurama”, “Trylon” and “Perisphere” which were all exhibits/rides showing futuristic views of life in the 1960’s; and 1 in 1964 that was seen at the time as continuation of the bright dramatic visions of the Kennedy Presidency and giving us the term “Unisphere”, also an exhibit in 1964; both World’s Fairs were held in the Flushing Meadows area of New York where some of these items still exist today
CONCESSION: a business that is operated under a contract usually on site of a larger business; most sports stadiums in the professional, semi-professional, college and youth league areas have some type of concession stands selling foods, drinks and/or souvenirs with the concession and the stadium taking a share of the profits; the term concession comes from the idea that the bigger business has made a concession to allow the smaller business to operate on its property
US DEPARTMENT OF ENERGY (DOE): a Cabinet level department of the United States of America government that is responsible for that countrys’ energy policy and for the regulation of nuclear items in the country; the DOE is also responsible for the safety of all nuclear items for domestic and military use in the USA as well as handling the all nuclear related waste items; the energy policy part of the department has been lagging in recent years due to the ending of many military and domestic nuclear power generating sites and facilities in the USA
RECREATIONAL VEHICLE: also known as RV; usually considered to be any enclosed vehicle that can drive itself from location to location; has become any vehicle such as camper, ATV, motor boat or water craft that is used in a non-working, spare time way for enjoyment
The last several weeks have been a difficult time for us here at Kangaroo Money due to the many impacts of our daily lives but we hope that you still enjoy and learn from the time we spend to write to you. All of us at KangarooMoney.Com and KM Partners send our hopes and prayers to our friend and team member as a difficult situation continues. In the meantime, Kangaroo Money is happy to see that we continue to expand our worldwide readership and that you, the readers, are taking the time to read and digest our writings. What better reason for us to keep doing what we enjoy doing? Please keep those comments coming in because we do appreciate hearing from you. As the days go by, we won’t forget to tell you what we think we are doing — so don’t YOU forget to tell US how you think we are doing! For now, enjoy, learn and earn. R, S & D…
