Post Racial America

What if someone said: "I would hope that a wise White man with the richness of his experiences would more often than not reach a better conclusion than a latina woman who hasn’t lived that life."

What would you think?

Well, that's exactly how I feel when I see that these are the words of our newest supreme court justice:

"I would hope that a wise Latina woman with the richness of her experiences would more often than not reach a better conclusion than a white male who hasn’t lived that life."

- Judge Sotomayor, 2001



Awesome

Why isn't Nancy Pelosi in Jail?

She's a lying traitor that has done her best to undermine this country at every turn, as evidenced by this latest development where it has been proven that she lied about her knowledge of intelligence gathering activities. However, she's still the speaker of the house. How can this be?

Well...

"This, Sir, is my great objection to the Constitution, that there is no true responsibility - and that the preservation of our liberty depends on the single chance of men being virtuous enough to make laws to punish themselves."

- Patrick Henry

Stock Update

A little while back I posted on a couple of options plays with XRX and ZION, and I wanted to follow up on those.

XRX - Xerox
This stock did exactly what I thought it would do.

I sold half of the position at the first red arrow, and the other half of the position at the second red arrow. It took a little longer than I hoped to get to 6, but it worked out pretty good in the end.

ZION - Zions Bancorporation
I should have been more worried about the earnings! If you recall, I was confident that the earnings report would result in a price increase in the stock becuase it had already broken out of a long term trend line and it had broken out of an inverse head and shoulders pattern. Well... I shouldn't have been so confident:

As you can see, the price fell below it's neckline back to the point of the long term down trend on the earnings announcement, and now the neckline is acting as resistance. Instead of the target of 20, we're looking at 12.25. The options are currently worthless but if we break that neckline again they might gain some value.

South Carolina Passes the Fair Tax!

So far that makes two states, South Carolina and Mississippi. If only we can keep this momentum going and get the idiots in Washington to pay attention!

An amendment that would implement the FairTax plan in South Carolina passed the state House Wednesday, offering hope of a reformed tax code.

Rep. Rex Rice (R-Pickens) introduced the amendment to S. 12 to further accomplish the bill’s goal of “maintaining and enhancing the state as an optimum competitor in the effort to attract businesses and individuals to locate, live, work, and invest in the state.”

“Eliminating the state personal and corporate income tax would create jobs and make it easier to live, work, and invest in South Carolina,” said Rice, a proponent of the FairTax.