End of the road for the Margarita Lounge?

After a few months of thought, I am considering shutting down the Margarita Lounge for good. I have found it harder and harder to get the time to update it on a regular basis. That and the fact that Facebook is now the preferred networking site has brought me to this point.

So...does anyone out there still read the ol' Margarita Lounge or should I throw it on the trash heap? Of course, Zach's site will remain as he is the man.

Another good article

Here is a great article everyone should read. I think it is an appropriate thing to talk about these days. This guy's point is right on. Didn't we get into this financial problem by borrowing too much money...now the government is doing the same. This article is a good one in that it shows what could happen down the road. Once you get past the first few paragraphs (which is a little over-the-top in the patriotism/the US is the best area) it gets better.

http://www.cnn.com/2009/POLITICS/04/16/shapiro.entrepreneurs/index.html

Time to get in....

For any of you out there who are wondering my thoughts on the market these days, the title of this post pretty much sums it up. Don't wait for the pullback to get back in because you will miss it. If you are crying at the value of your 401k, please resist the urge to go buy CDs or move it all into the money market. We have had a small rally the past month but dont listen to the talking heads saying to sell now and take what you can get. Hang in there because we have seen the worst of the market.

Gold is going to tank...the VIX is going to break 40...and when things look better it is going to be too late, you will have missed it. No longer do we rally one day and fall off a cliff for the next three. We have already priced in a major recession...any good or even moderate economic news is gonna send us higher...just look at all that money on the sidelines right now. When that money starts flowing in (and it already is), we are going much higher. The world is not going to end, we will eventually return to growth, and the United States will live to fight another day...trust me. When GM files for bankruptcy in the next few months, the market won't even budge because it is already priced in.

So you think I am crazy? Maybe. But I have put my money where my mouth is...in the market. I am 100% invested in the market. I had a 401k rollover check from Wachovia come in a few days ago and it went right into the market without a second thought. What are you waiting for? If you have at least a two year investment horizon (which means pretty much everyone does) you should be in or getting into this market now. If you are already in, relax...it will get better. End of sermon grasshoppers...and dont say I didn't tell you so when the S&P 500 is at 900 and you missed the 35% upside off the bottom....

More socialism coming...

Here is another article I read today about our current financial crisis. This type of stuff is really scary stuff. I know...I sound like a paranoid person, right? I'm not so sure anymore. I mean...do you really want to government having more control over you in future years? I know I sure don't. This type of stuff is a very slippery slope....

http://online.wsj.com/article/SB123879833094588163.html