| Recap |
| Contrary to your inner gut, market pullbacks like we are experiencing are actually good and normally mean a higher market in the future. |
| Review |
| Regardless of the media or your neighbor, always is a good time to buy stocks. Over time, you will look like a genius! |
| What To Do |
| Did you know? 1) Warren Buffett (the Founder & CEO of publicly traded Berkshire Hathaway and the World’s richest person) would have lost a personal fortune of $5.2 billion (while his holding company, Berkshire Hathaway, would have lost $22.3 billion in equity) had American Express, Wells Fargo, US Bancorp, and Wesco Financial Corp. been allowed to fail. Hmmm, off the top of my head, I can think of exactly 5.2 billion or 22.3 billion (take your pick!) reasons why Mr. Buffett supported the bailouts. And, where is he investing this money? Not in the USA! Overseas in Brazil and China!! 2) Hank Paulson (ex Goldman Sachs CEO and ex US Treasury Secretary) would have lost a personal fortune of $600 million in Goldman Sachs stock had Goldman Sachs been allowed to fail. As Treasury Secretary, Mr. Paulson forged the blank check on behalf of the American taxpayer, and then blindedly handed over $23.7 trillion (that’s right, look it up!) to all his poker buddies at the Wall Street casino. 3) Stanley O’Neal (ex CEO of Merrill Lynch) was compensated $48 million in 2006, $46 million in 2007, and $161.5 million in stock and options when he was fired from Merrill in late 2007 (that’s $255.5 million in just two years for one guy!). Months later (circa 2008), Mr. O’Neal can’t even be reached for comment, Merrill Lynch is bankrupt, and the US government has to force sale the failed bank to another failed bank – Bank of America. 4) Jamie Dimon (current CEO of JP Morgan Chase) has repeatedly claimed JPM didn’t cause the crisis and had nothing to do with the crisis. Yet, unlike Ford Motor Company (who didn’t take any government bailout money), JPM took a fistful of dough ($25 billion) from the unwary American taxpayer. Did JPM use this money to invest back in America? Nope, they are expanding rapidly, along with Mr. Buffett and all the other crony capitalists on Wall Street, in – you guessed it – Brazil and China. Oh, and in ‘the firms’/Mr. Dimon’s personal art collection most likely valued north of $1 billion. If you want to hear all of this for yourself, and also hear how wonderful Mr. Dimon and JPM think they are, you can sit in on his national speaking tour lecturing college students and business executives on ethics, morals, and why he believes banking is a more noble profession than teachers, doctors, military officers or fireman. Now ask yourself this question. How can any of the aforementioned facts be good for America? The American economy? American businesses? The American entrepreneur? The American small business owner? American innovation? The average hardworking American who is struggling to provide for their family? It can’t! And, it isn’t!! Period!!!! The 2008 bank bailouts were the single biggest financial heist in the history of America and the World. Period!!!! Not a single executive on Wall Street (or any other stakeholder in any of the banks that were bailed out with our tax payer dollars) put forth any of their personal equity. That’s a fact, not an opinion!! Now ask yourself this question – How are these guys better than Bernie Madoff? Would you or anyone you know support or buy products or services from Bernie Madoff? Knowing what you know now, of course not. Nobody would! Then stop supporting and buying products from these failed banks! Doing so is directly, not indirectly, analogous to continuing to invest with now convicted, disgraced, felon Bernie Madoff. Period!!!! |
| Quote of the Week |
| “Three things cannot be long hidden: the sun, the moon, and the truth.” Buddha |
| Clark Bros. is hiring! |
Stay Positive! Think Positive! Act Positive! Be Positive!
Clark Bros. is hiring Independent Registered Investment Advisor Representatives – full time, part time, anytime, anywhere. Please visit our web site at www.clarkbrothersinvestments.com for more information.
Jason R. Clark
T: 720 255 5711
jason@clarkbrothersinvestments.com
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Clark Brothers Investments
Registered Investment Advisors
18810 E. Whitaker Circle
Aurora, CO 80015
www.clarkbrothersinvestments.
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