Financial Terms Every Trader Should Learn

Valuation Measures

Enterprise Value/EBITDA
Formula: Enterprise Value / EBITDA
Firm value compared against EBITDA (Earnings before interest, taxes, depreciation, and amortization).

Enterprise Value
Formula: Market Cap + Total Debt - Total Cash & Short Term Investments
EV is a measure of theoretical takeover price, and is useful in comparisons against income statement line items above the interest expense/income lines such as revenue and EBITDA.

Enterprise Value/Revenue
Formula: Enterprise Value / Total Revenues
Firm value compared against revenue. Provides a more rigorous comparison than the Price/Sales ratio by removing the effects of capitalization from both sides of the ratio. Since revenue is unaffected by the interest income/expense line item, the appropriate value comparison should also remove the effects of capitalization, as EV does.

Forward P/E Ratio
Formula: Current Market Price / Projected Earnings Per Share
A valuation ratio calculated by dividing the current market price by projected 12-month Earnings Per Share.

Market Cap
Formula: Current Market Price Per Share x Number of Shares Outstanding
The total dollar value of all outstanding shares. Computed as shares times the current market price. Capitalization is a measure of corporate size.

PEG Ratio
Formula: P/E Ratio / 5-Yr Expected EPS Growth
Forward-looking measure rather than typical earnings growth measures, which look back in time (historical). Used to measure a stock's valuation against its projected 5-yr growth rate.

Price/Book Ratio
Formula: Current Market Price / Book Value Per Share
A valuation ratio calculated by dividing the current market price by the most recent quarter's (mrq) Book Value Per Share.

Price/Sales Ratio
Formula: Current Market Price / Total Revenues Per Share
A valuation ratio calculated by dividing the current market price by trailing 12-month (ttm) Total Revenues. Often used to value unprofitable companies.

Trailing P/E Ratio
Formula: Current Market Price / Earnings Per Share
A popular valuation ratio calculated by dividing the current market price by trailing 12-month (ttm) Earnings Per Share.

Financial Highlights

Book Value Per Share
Formula: Total Common Equity / Total Common Shares Outstanding
This is defined as the Common Shareholder's Equity divided by the Shares Outstanding at the end of the most recent fiscal quarter.

Current Ratio
Formula: Total Current Assets / Total Current Liabilities
This is the ratio of Total Current Assets for the most recent quarter divided by Total Current Liabilities for the same period.

Diluted EPS
Formula: (Net Income - Preferred Dividend and Other Adjustments)/ Weighted Average Diluted Shares Outstanding
This is the Adjusted Income Available to Common Stockholders (based on Generally Accepted Accounting Principles, GAAP) for the trailing 12 months divided by the trailing 12 month weighted average shares outstanding. Diluted EPS uses diluted weighted average shares in the calculation, or the weighted average shares assuming all convertible securities are exercised.

EBITDA
The accounting acronym EBITDA stands for "Earnings Before Interest, Tax, Depreciation, and Amortization."

Fiscal Year Ends
The date of the end of the firm's accounting year.

Gross Profit
Formula: Total Revenues - Cost of Revenues
This item represents Total Revenues minus Cost Of Goods Sold, Total.

Levered Free Cash Flow
Formula: (EBIT + Interest Expense) x (1 x Tax Rate) + Depreciation & Amort., Total + Other Amortization + Capital Expenditure + Sale (Purchase) of Intangible assets - Change in Net Working Capital + Pref. Dividends Paid + Total Debt Repaid + Total Debt Issued + Repurchase of Preferred + Issuance of Preferred Stock
Where: Tax Rate = 37.5%
This figure is a normalized item that excludes non-recurring items and also takes into consideration cash inflows from financing activities such as debt or preferred stock issuances.

Operating Cash Flow
Formula: Net Income + Depreciation and Amortization, Total + Other Amortization + Other Non-Cash Items, Total + Change in Working Capital
Net cash used or generated in operating activities during the stated period of time. It reflects net impact of all operating activity transactions on the cash flow of the entity. This GAAP figure is taken directly from the company's Cash Flow Statement and might include significant non-recurring items.

Operating Margin
Formula: [(Total Revenues - Total Operating Costs) / (Total Revenues)] x 100
This item represents the difference between the Total Revenues and the Total Operating Costs divided by Total Revenues, and is expressed as a percentage. Total Operating Costs consist of: (a) Cost of Goods Sold (b) Total (c) Selling, General & Administrative Expenses (d) Total R & D Expenses (e) Depreciation & Amortization and (f) Total Other Operating Expenses, Total. A ratio used to measure a company's operating efficiency.

Profit Margin
Formula: (Net Income / Total Revenues) x 100
Also known as Return on Sales, this value is the Net Income After Taxes for the trailing 12 months divided by Total Revenue for the same period and is expressed as a percentage.

Quarterly Earnings Growth
Formula: [(Qtrly Net Income - Qtrly Net Income (yr ago)) / Qtrly Net Income (yr ago)] x 100
The growth of Quarterly Net Income from the same quarter a year ago.

Quarterly Revenue Growth
Formula: [(Qtrly Total Revenues - Qtrly Total Revenues (yr ago)) / Qtrly Total Revenues (yr ago)] x 100
The growth of Quarterly Total Revenues from the same quarter a year ago.

Return on Assets
Formula: Earnings from Continuing Operations / Average Total Equity
This ratio shows percentage of Returns to Total Assets of the company. This is a useful measure in analyzing how well a company uses its assets to produce earnings.

Return on Equity
Formula: [(Earnings from Continuing Operations) / Total Common Equity] x 100
This is a measure of the return on money provided by the firms' owners. This ratio represents Earnings from Continuing Operations divided by average Total Equity and is expressed as a percentage.

Revenue
The amount of money generated by a company's business activities. Also known as Sales.

Revenue (Sales) Per Share
Formula: Total Revenues / Weighted Average Shares Outstanding

Total Cash
The Total Cash and Short-term Investments on the balance sheet as of the most recent quarter.

Total Cash Per Share
This is the Total Cash plus Short Term Investments divided by the Shares Outstanding at the end of the most recent fiscal quarter.

Total Debt
Formula: Short Term Borrowings + Current Portion of Long Term Debt + Current Portion of Capital Lease + Long Term Debt + Long Term Capital Lease + Finance Division Debt Current + Finance Division Debt Non Current
The Total Debt on the balance sheet as of the most recent quarter.

Total Debt / Total Equity
Formula: [(Long-term Debt + Capital Leases + Finance Division Debt Non-Current + Short-term Borrowings + Current Portion of Long-term Debt + Current Portion of Capital Lease Obligation + Finance Division Debt Current) / (Total Common Equity + Total Preferred Equity)] x 100
This ratio is Total Debt for the most recent fiscal quarter divided by Total Shareholder Equity for the same period.

Trading Information

Average Volume (3 month)
This is the average daily trading volume during the last 3 months.

Average Volume (10 day)
This is the average daily trading volume during the last 10 days.

Beta
The Beta used is Beta of Equity. Beta is the monthly price change of a particular company relative to the monthly price change of the S&P500. The time period for Beta is usually 3-years.

Dividend Date
The payment date for a declared dividend.

Ex-Dividend Date
The first day of trading when the seller, rather than the buyer, of a stock is entitled to the most recently announced dividend payment. The date set by the NYSE (and generally followed on other U.S. exchanges) is currently two business days before the record date. A stock that has gone ex-dividend is denoted by an x in newspaper listings on that date.

Float
This is the number of freely traded shares in the hands of the public. Float is calculated as Shares Outstanding minus Shares Owned by Insiders, 5% Owners, and Rule 144 Shares.

Forward Annual Dividend Rate
The annualized amount of dividends expected to be paid in the current fiscal year.

Trailing Annual Dividend Rate
The sum of all dividends paid out in the trailing 12-month period.

Payout Ratio
The ratio of Earnings paid out in Dividends, expressed as a percentage.

Shares Outstanding
This is the number of shares of common stock currently outstanding—the number of shares issued minus the shares held in treasury. This field reflects all offerings and acquisitions for stock made after the end of the previous fiscal period.

Shares Short
This is the number of shares currently borrowed by investors for sale, but not yet returned to the owner/lender.

Short Ratio
This represents the number of days it would take to cover the Short Interest if trading continued at the average daily volume for the month. It is calculated as the Short Interest for the Current Month divided by the Average Daily Volume.

Short % of Float
Number of shares short divided by float.

5-Year Average Dividend Yield
The average Forward Annual Dividend Yield in the past 5 years.

52-Week High
This price is the highest Price the stock traded at in the last 12 months. This could be an intraday high.

52-Week Low
This price is the lowest Price the stock traded at in the last 12 months. This could be an intraday low.

200-Day Moving Average
A simple moving average that is calculated by dividing the sum of the closing prices in the last 200 trading days by 200.

POTC-
http://psychologyofthecall.blogspot.com

Guess ? (GES); a Story of Executive Exodus and Brand Erosion

Retail players like Abercrombie and Fitch (ANF), Michael Kors (KORS) and Fossil (FOSL) are fiercely competing on price. Guess's conference call (CC) tone over the past two quarters has worsened as margins search for a bottom. Two senior executives have resigned and we expect the stock to fall as the GES brand is too expensive with the targeted 30-somethings.
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CFO Dennis R. Secor announced his resignation after six years on November 1, and FOSL announced his hire and promotion to CFO on November 8. Yet Secor's official departure date from GES will be  December 7, this corporate business psychology signals desperation in our opinion as FOSL is a direct competitor. As a matter of fact, the last CC was filled with excuses of weakening fashion accessory sales, exactly where FOSL has a strong foothold with growth and a lot less inventory / days sales outstanding (DSO) problems. 

FOSL's long-term fundamentals look intact as GES struggles; CFO Secor's resignation and quick hire by FOSL hints at deeper brand problems in our opinion. Operating margins at GES have declined from 17% in 2009 to 15.5% in 2012.  Sales fell 6% y/y last Q versus FOSL's  sales growth of 15% y/y.
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COO J. Michael Prince announced his resignation on November 1 as well and his official departure date is this Monday, November 26, just 2-days ahead of the Q3 earnings release and CC. If a retail competitor hires Prince, that will be another nail in GES's eroding brand and balance sheet position.
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On the May, 22, 2013, Q1 CC (click) at the 11minute:25second mark, co stated it had a cash and cash equivalents balance of $490M. That $490M has fallen by 44% to $271.9M in just 6-months; part of the reason for this cash depletion is as an ill-timed share buyback program. Please click here and scroll down to Q1, 2013 to see the precipitous drop in cash and cash equivalents.
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The founding Marciano bros pictured above, Maurice 63 and Paul 60, are still in control as Co-CEOs. But the resignation of Carlos Alberini, who served as President and COO from 2000 - 2010, and now Prince and Secor gives us serious pause about the near-term future of the Guess brand. Every investor that bought and held the shares since mid-2009 has lost, that is a damningly negative fact since we have experienced massive global stimulus and  dead-catting stock markets.  
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GES has and is misfiring from many fundamental perspectives; the Point & Figure chart confirms our thesis that lower prices are ahead. A double-bottom breakdown poses a serious danger for longs:

A hard economic downturn in this Q4 continues as uncertainty looms about the U.S. fiscal cliff and health of southern Europe. Though GES is doing better than average in Germany, Russia, and South Korea as mentioned on the last CC, about 38% and 14% of sales come from the fiscally fickle and unemployed countries of the U.S.A. and Italy.  
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The co does not break down sales in Europe by country except for Italy, but execs did mention excitement around Spain as a future growth driver; this to us is laughable as southern Europe struggles with Goliath socioeconomic crises.
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The following metrics are from the last 10-K (click), dated March 19, 2012:

		2012			2011			2010
Net Sales:
U.S.A.			$1,031,131			$989,243			$908,107
Italy			$375,385			$418,115			$366,563
Canada			$295,574			$286,449			$252,523
Other foreign countries			$985,958			$793,487			$601,273
			$2,688,048			$2,487,294			$2,128,466

GES reports Q3, 2013 earnings this Wednesday, (click) November 28, 2012, after market close and we expect fireworks.

Maybe the mass exodus of executives reflects the lack of pricing power and brand erosion, while the Buy & Hold investor refuses to admit the ride with Guess is heading lower. 

Thanks for Reading, Educating, and sometimes Trading with Us,
POTC-
http://psychologyofthecall.blogspot.com/

Euro-zone is in Bloody Trouble; Shattered Stock Markets should be the Norm in 2013

Euro-zone economy is headed for its weakest quarter since early 2009, according to business surveys that showed companies witnessing deteriorating order books (book-to-bill ratio) in November. Banks and Hotels are performing poorly and laying off employees at an accelerating pace; impact on the stock prices should be negative in 2013 as the average consumer's psychology is shattered.

The flash service sector the Purchasing Managers Index (PMI) fell to 45.7 this month, lowest number since July 2009; survey showed on Thursday, failing to meet expectations of economists who thought it would hold at October's anemic 46.0. It has been stuck under 50 for 10 straight months, 50 is the number that divides growth from contraction. 

With more austerity being piped, a reminder of the thorny sovereign debt crisis in this week's failure of lenders to agree more aid for Greece, prospects for next year look dim.

The concern about the outlook is getting worse as the Euro-zone races towards 2013, many economists agree that German companies have become pessimistic about 2013.

PMI had its biggest decline in November month over month since early 2009, when the U.S. was spiraling into the bail-out new abnormal abyss.

There is no positive conviction among businesses that conditions will improve in 2013. Service sector companies are more pessimistic than at any time since 2009, when the expectations index fell to 48.6 and the zone was experiencing its worst post-war recession.

Economists polled by Reuters remain divided over whether the European Central Bank will cut its main refinancing rate from 0.75% to a new record low 0.5 percent or lower.

POTC predicts the Euro-zone stock indexes will be 20%+ lower this time next year as structural fissures are too deep and jagged to fix. Euros need a new technological growth paradigm to emerge overnight or they must move to abolish and dissolve big Govt agency control in favor of lower taxes and less regulatory barriers for private business.

Consumser Sentiment: Often a Contrarian Indicator at Peaks and Troughs

POTC-

J.C. Penney (JCP) Educational Trade Alert...

scheduled for Sunday, November 18, 2012, at 10 p.m. ET. 

JCP has been in the news lately and its stock and bonds are under heavy fire; it is setting-up for an interesting trade. 

All subscribers will receive this aggressive educational alert on schedule; if not a subscriber, please use Paypal and get started.

-1902: James Cash Penney, son of a Baptist preacher and farmer, opens 'The Golden Rule', a dry goods and clothing store in Kemmerer, Wyoming. Store name was based on his guiding principle of building a business through serving the community with fair dealing and honest value.

-1913: Incorporates in Utah as the 'J.C. Penney Co. Inc'; 'Golden Rule'  name phased out.
-1914: Headquarters moves from Salt Lake City, Utah, to NYC.
-1929: Begins trading as a publicly traded company.
-1951: Sales exceed $1 billion.
-1963: Issues its first catalog.
-1971: James Cash Penney dies at age 95.
-1972: Launches first national television campaign.
-1979: Catalog sales pass $1 billion.
-1992: Headquarters moves to Plano, TX.
-1994: Launches jcpenney.com.
-2005: Penney's e-commerce business breaks $1 billion in sales.
-2009: Opens its first store in Manhattan.
-2010: Becomes the exclusive retailer of Liz Claiborne and Claiborne in the U.S. and Puerto Rico; exits catalog business. Introduces mobile coupons.
-2011: Hires AAPL executive Ron Johnson as CEO.
-2012: Implements new pricing strategy and eliminates physical  coupons and sales in favor of everyday low pricing; Johnson rolls out new shops in stores to turn the stores into a mini-mall experience. Hedge fund manager Bill Ackman reiterates his bullishness on Tuesday, November 13, on CNBC as stock price dives to multi-year lows.

Thank You for Reading, Educating, and Trading with Us,
POTC-
http://psychologyofthecall.blogspot.com

Gary Kaminsky is a CNBC Hero and Free-Market Patriot !!

Huge thanks for telling the truth about what money managers  admit behind the scenes about Obama but fail to put in print. 

If you are reading this post Gary, we urge you to keyword search this blog with 'Obama'; we warned our readers against his anti free-market ways since 2008; before he was elected.

Again, pig thanks Gary from Capitalist Pig Bob and the entire Psychology of the Call team for warning the Wildebeest about Obama, it was refreshing to hear a man with balls speak the truth on CNBC. 

Best Wishes,
POTC-

I am Capitalist Pig Bob and I am Fat Money

China's Qihoo 360 Technology Earnings Coming

Webcast
Qihoo 360 Technology Q3, 2012 Earnings Conference Call (CC) live webcast: November 19, 2012 at 7:00 p.m. ET. 

Qihoo’s New Search Engine Surges to 10% share:

Chinese traffic stats company CNZZ, calculated Qihoo’s impact in the China market. CNZZ thinks that Qihoo has grabbed second spot with nearly 10 percent market share. This puts Qihoo’s So.com search engine way behind market leader Baidu, but ahead of Sogou and fourth placed Google.

China’s Search Engine market share, Oct 2012:

Search engine            Market Share 

Baidu                              72.97%

Qihoo’s So.com         9.64%

Sogou                              7.83%

Google                            4.72%

Source: Tech In Asia

Analyst coverage:

Firm	Analyst	E-Mail
86Research	Ming Zhao	ming@86research.com
BofA ML	Andy Zhao	andy.zhao@baml.com
CIMB	Wendy Huang	wendy.huang@cimb.com
Citi	Bin Liu	bin.liu@citi.com
Cowen	Jim Friedland	jim.friedland@cowen.com
Jefferies	Cynthia Meng	cmeng@jefferies.com
Macquarie	Jiong Shao	Jiong.Shao@macquarie.com
Maxim Group	Echo He	ehe@maximgrp.com
Morgan Stanley	Timothy Chan	Timothy.Yh.Chan@morganstanley.com
Stifel Nicolaus	George Askew	giaskew@stifel.com
T.H. Capital	Tian Hou	thou@thcapital-china.com
ThinkEquity	Qi (Henry) Guo	hguo@thinkequity.com
UBS	Vey Sern Ling	vey-sern.ling@ubs.com

POTC-

Salesforce.com (CRM) Q3, 2013 results ahead

{CRM will report on November 20, 2012, after market close} SAN FRANCISCO, Oct. 30, 2012 /PRNewswire/ -- Salesforce.com (NYSE: CRM), the enterprise cloud computing company, today announced that its third quarter fiscal 2013 results will be released on Tuesday, November 20, 2012, after the close of the market.  The company will host a conference call at 2:00 PM (PT) / 5:00 PM (ET) to discuss its financial results with the investment community.  A live web broadcast of the event will be available on the salesforce.com Investor Relations website at www.salesforce.com/investor.  A live dial-in is available domestically at 866-901-SFDC or 866-901-7332 and internationally at 706-902-1764, passcode 51384041.  A replay will be available at (800) 585-8367 or (855) 859-2056 until midnight (ET) December 20, 2012. (Logo: http://photos.prnewswire.com/prnh/20050216/SFW105LOGO) About Salesforce.com Founded in 1999, salesforce.com is the enterprise cloud computing leader. Using salesforce.com's social and mobile cloud technologies, companies can connect with customers, partners and employees in entirely new ways. Based on salesforce.com's real-time, multitenant architecture, the company's platform and apps give customers the tools to create a social front office and revolutionize the way they sell, service, market, collaborate, work, and innovate. Grow your business with the world's #1 sales app, Salesforce Sales Cloud Deliver amazing customer service with the award-winning Salesforce Service Cloud Listen, engage, advertise, and measure social media marketing with the Salesforce Marketing Cloud Achieve breakthrough collaboration and productivity with Salesforce Chatter Align, motivate and drive performance with Salesforce Work.com Build social and mobile cloud apps on the Salesforce Platform and extend success with the world's leading enterprise app marketplace, the AppExchange Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." For more information please visit http://salesforce.com, or call 1-800-NO-SOFTWARE. Copyright © 2012 salesforce.com, inc.  All rights reserved.  Salesforce, Chatter, Sales Cloud, Service Cloud, Marketing Cloud, Work.com, AppExchange, Salesforce Platform, and others are trademarks of salesforce.com, inc.  Other names used herein may be trademarks of their respective owners. SOURCE Salesforce.com David Havlek, salesforce.com, Investor Relations, +1-415-536-2171, dhavlek@salesforce.com, or Jane Hynes, salesforce.com, Public Relations, +1-415-901-5079, jhynes@salesforce.com

U.S. Capitalistic Extinction Looms: American Genius & Exceptionalism has Morphed to American Ignorance and Subjugation; the Obama Wildebeest Explained

If you voted for Obama you are an example of how American business genius has swung to American business ignorance, and how American morality has swung to American immorality.  

Your vote proclaimed that you are happy with expanded regulations on small businesses and job creators, higher health care costs for all still employed, a warting welfare society, and chastising individual success with higher taxes is a sensible idea. 

A majority of your ancestors ran from and immigrated because of Govt overreach in Europe, Latin America, and Asia. New York's Ellis Island and the Lady Liberty stood proud; paradoxically some of your ancestors fought and died for your freedom to vote and you cast in favor of greater Subjugation. 

Your vote said I could care less: 
1.) That the budget has not been balanced even once in the last 4-years, 
2.) That the the cloud-seeding $16 Trillion national debt is no different than Greece and threatens socioeconomic mayhem 
3.) That a man has zero private sector business experience while national unemployment is at 7.9%, 
4.) That a man pushed for a bill in IL that would allow infanticide (aborting a baby that is 7+ months),
5.) That a man and his Administration covered-up the death of U.S. ambassador Chris Stevens and 3 other Americans, including two Navy SEALs, especially the super brave Tyrone Woods. 

The Obama flock is actually less intelligent than the Kenyan Wildebeest, as those creatures are forced to drink from the banks of the same croc infested river from year to year to survive; you were not forced yet voted for a journey to Capitalistic extinction. 

If you wished to one day visit Greece or Spain, please do not book any trips as you are well on your way.

In Mourning, Shocked, but never without Hope,
http://psychologyofthecall.blogspot.com
Capitalist Pig Bob.

  

Obama should be Scratched and Given Non-Starter Status

With just hours to Tuesday's, November, 6, 2012, 57th Quadrennial U.S. Presidential election,  Capitalist Pig Bob urges all forward-thinking Americans to VOTE for Elephant Romney regardless whether Donkey Obama makes the starting gate.

If know anyone who lives in any of these states: FL, IA, MI, NH, OH, PA, VA, or WI, please call them and let them know how important Tuesday's election is.   

Obama's unapologetic and clamantly partisan record must seal his single-term legacy.
1.) Hiring an Anti-Energy Secretary in Stephen Chu who admitted he does not own a car and has stated that high gas prices are a good thing while Obama promised Energy Independence in 10-years in 2008 at the 2-minute mark at the 3rd Obama/McCain debate. Today's 7.9% unemployment rate would be much lower if we had an aggressive 'All of the Above' energy policy. The rate is 10.7% if we model using the same Labor participation percentage rate on the day Obama took office. We know some economists argue this statistic is skewed because a lot of baby boomers are retiring, agree, yet it is a sad fact that 50%+ of young people with recent bachelor's degrees are underemployed and working as waiters, bartenders, and retail store clerks, reported Hope Yen of the Associated Press in April, 2012. Obama's decision to invest $90B in green-energy projects has backfired as Abound Solar and Solyndra are two examples of Obama subsidized cos to a tune of $400M and $500M respectively that already went bankrupt. Focusing on funding green-energy while being anti coal, oil, nuclear, and natural-gas is responsible for higher gas prices and the highest unemployment rate of almost every Donkey or Elephant mudding for a 2nd term.   
  
2.) An overreaching Dodd-Queen Frank Wall Street Reform and Consumer Protection Act that has in fact expanded 'Too Big Too Fail Banks'; this is choking down on the reigns of the thoroughbred American risk-taker from investing and hiring incremental employees. 

From the Heritage Foundation's Amy Payne:
"Dodd–Frank does not end bailouts and taxpayer support for big banks. Under the act, the Federal Deposit Insurance Corporation (FDIC) is permitted to purchase the assets of a failing  firm, guarantee the obligations of a failing firm, take a security interest in the assets of a failing firm, and borrow on the failed firm’s total consolidated assets. (For Bank of America, that would be $2 trillion in bailout authority to be paid by taxpayers.)"

3.) Driving through the Affordable Healthcare mandate that even Sussman, Cooper, and Phillips of the New York Times note that 66% of Americans oppose and want to see parts of it repealed. More importantly, there is a link to a graphic in that article that shows a majority of Americans were opposed to Obamacare as it was debated and passed.
4.) The cover-up in Benghazi, Libya was blamed on a YouTube video for nearly 2-weeks after the deaths of a U.S. ambassador Christopher Stevens (1st Ambassador killed since 1979), and 3 other Americans including two Navy SEALs: Glen Doherty and Tyrone Woods.

The valor of all these Americans who fought-off but were eventually murdered by the   radical Islamic terrorists that we believe were not motivated by any YouTube video, must never be forgotten, but especially Tyrone Woods. The last hours of Tyrone's life must be taught to your children, especially if you have boys. Here is what and how Tyrone's father feels about the high-level people in this Obama Administration; I stand with him 100%. 

My most optimistic thoughts and heartfelt Sunday prayers are with all the ones still suffering on the East coast post Hurricane Sandy. If Obama was an Elephant, Sandy would most likely be his Katrina.

Yet the modern news media like MS-LSD-NBC, Yahoo!, and the Puffington Post, only shower this Donkey with praise. Men like Chris 'Crucify U.S.A.' Matthews, Rachel 'Man-off', and the new CEO of Yahoo! "Marissa 'Ma-your' true election headlines be quashed", should all be boycotted. Case in point is the large crowds showing-up at Mitt Romney events are electrified versus the incumbent's inability to run on his record, yet their reporting is biased.

Every American soldier who paid the ultimate sacrifice on the beaches of Normandy, France, and elsewhere,  would be saddened and in total shock.

The United States has never been closer to extinguishing the American Dream from within and nearly 50% of the voting masses perfectly okay with a Collectivist society. And this Big Govt mentality is paradoxically being nudged over the imminent fiscal cliff by some of the aforementioned people who espouse their 1st Amendment rights by stoking class warfare and chastising successful hard working men and women. 

There is no doubt that Obama inherited multiple crises and that President George W. Bush and his Secretary of the Treasury Henry 'Hank' Paulson started the Big Govt bailouts instead of allowing a natural forest fire to burn the bad bets and risk-takers; having some filing for bankruptcy and then witnessing what CNBC's Larry Kudlow would call "private equity green shoots sprouting from the ashes".  

The Elephants sparked this fiscal forest fire, but the Donkeys doused the early flames with Chorine trifluoride and all 50 states are in the path of socioeconomic mayhem when you factor the $16 Trillion National Debt and 4-years running with not one balanced budget in the Animal Kingdom of Washington, D.C.

U.S. politicians have turned workable multi-billion dollar debts and deficits to unworkable trillions; a Collectivist society cannot prosper, innovate, and lead the 21st Century. 

The Donkeys have taken advantage of this deeply rooted economic trough, seeded in fact by one of their early Collectivist predecessors President Franklin Delano Roosevelt (FDR). Through their tax, legislate, regulate, & spend policies they have forced the once Free-Market needle to point at Collectivism.

If you compare the U.S. presidential, election to the Breeders' Cup or Triple Crown of thoroughbred horse racing, Mr. Barry Soetoro aka President Barack Hussein Obama would be designated non-starter status before the starting gate on Tuesday, November 6, 2012; scratched by the citizen Veterinarians for having the lamest 4-year fiscal record of any president in history; Forward~

If you enjoyed this political rant, Please share it with friends & family. 
God Bless the United States of America,
POTC-
http://psychologyofthecall.blogspot.com

~!! Go Mitt !!~

   

PCLN PEETA

All subscribers received the PCLN PEETA on schedule. The morning reaction caused us to cancel our trade.  Everyone will receive another PEETA next week Friday.

TGIF,
POTC-