I have been talking for years about to ticking time bomb of the exploding Federal Deficit, which now stands at over $16 Trillion. Just to give you some idea, when I launched The Sumichrast Report in 2008, the Federal Debt was $10.1 trillion. We will add $1 Trillion again this year and probably next. Washington [...]

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Dear Readers: Here are my top 7 predictions for 2012: 1) Housing has bottomed and will stage a mild recovery, setting the stage for a gradual improvement for 2013-2015. Expect housing starts to tick above the 800,000 mark by year-end. 2) Interest rates will be higher by the end of 2012. The 30 year at [...]

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I am convinced more than ever, than the United States of America is fast approaching “Event Horizon” or “the point of no return.”  Look at the table below. Look at the massive debt increases in the past 10 years. By the end of this fiscal year, September 20, 2011, the number will stand close to [...]

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Charlotte Mecklenburg School officials have decided that instead of firing bloated administrators to make up the budget shortfall, they will cut all middle school sports. Simply stated: this is the most outrageous and stupid decision I have seen yet from my local school board. My kids go to private school so why should I care?? [...]

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In my February 1, 2010, Street.com article, I talked about eight stocks. Some have done better and some worse, AFTER doing a lot better. My mantra, “Buy and Hold is a thing of the past,” could not have been more evident, as some of my picks ran up, only to come careening back down. So [...]

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TheStreet.com just published my updated portfolio picks.  Recalibration for 2010 is in this article!  Read it at  http://www.thestreet.com/story/10671515/1/buying-opportunities-in-china.html?cm_ven=GOOGLEN. Bookmark It

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I helped weigh in on a real estate story on CNBC.com which came out today.  Read the article at http://www.cnbc.com/id/32329465. Bookmark It

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I’ve been out and about in the media the last couple of weeks. New articles for you to read! The first, on TheStreet.com, talks about the recalibration of my stock picks. Buy, hold and sell opinions:  http://www.thestreet.com/story/10572521/1/time-to-recalibrate-sp-500-slayer-portfolio.html The second is an inclusion in an article I was interviewed for regarding foreclosure and bankruptcy: http://www.totalbankruptcy.com/blog/panel-american-households-facing-poor-long-term-financial-health Read [...]

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One of the greatest salesman that I have ever known likes to say, “if they want steak, don’t give them lobster.” Anyone who has ever sold anything knows the truth behind this saying. It doesn’t matter what you have to sell, if the buyer doesn’t want it, forget it, they aren’t buying. Barrack Obama is [...]

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Check out this month’s article I wrote for TheStreet.com at http://www.thestreet.com/story/10486535/1/bury-buy-and-hold-and-take-the-reins.html Bookmark It

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