The Cody Word
  • October 31, 2008 04:44 PM EDT by Cody Willard

    The Big 3: Playbook Says Sell Stocks, Cody Trump-JR, Food Bank Bailout

    1. Playbook Says Sell Stocks

    2. Cody Trump, Jr

    3. Food Bank Bailout

    1. The playbook that I’ve been laying our for you guys says that we’re likely rangebound between 7k and 9500 and that you should sell/short all extreme rallies and buy/cover on all extreme selloffs. That means you should be shorting this rally right now if you’re a trader.

    2. Oil’s down 35% in October. And it’s down by more than that since our friend, Donald Trump Jr, bet me his inheritance against mine on Happy Hour that oil would see $150 before it’d see $50. I still say oil’s likely to be below $50 a barrel by the end of 2010.

    3. I jokingly said I’d rather own a food bank than a real bank right now during Quick shots. Fact is, there’s always a food shortage at food banks, much like there’s a capital shortage at money banks right now. Support you local food bank.

    PS. Check me out on ABC’s 20/20 tonight for more on how the well-connected dudes have destroyed our system.

Michael Stefanacci

Hey Cody Thanks for giving it to everyone straight forward and looking out for the "little guy" (renter, independent small invester, ect)in this world. I look forward to hearing what you have to say everyday. Keep it up!!! Thanks Mike

November 3, 2008 at 12:18 pm

EnronNation

Wow - I think that Enron is an iron clad organization ? and by association ? that Ken Laye was #2 user of Bush campaign Jet ? year 2000 what we know NOW ? my god thank GOD Enron turned out to be a GOLDEN organization I mean really phew that would be a serious black mark against Bush if it came up - he's #1 contributor campaign wise was Ken Laye -and sheesh- that Ken would ever fleece anyone Enron Nation pal we didn't get duped This was a crime.

November 3, 2008 at 4:13 am

TooManyPosts

It's like the last 7 years ? the nation's parents were away, and bush the adolescent invited his banker and petro friends over. ok ok - let's be fair, that first closed door energy meeting with Dick was - hmm Exxon , Exelon, Enron - oh, the on's

November 3, 2008 at 4:11 am

TooManyPosts

Happiness is more important than personal goals right now via TV Cody ! Get back to teaching. Anything eternally important - doesn't require a rush now, that thought DID just come to me, maybe it means something to you, maybe not. Mass media coverage - I see you do like to promote your online presence - or website but - I say as you know, I PRESUME, the weblogs just aren't delivering any potential there. Dog food never did get delivered over the eeenternet man nor did religious ideology obfuscated behind whatever Rupert has in line next. Fox Gambling Channel ? I don't know Should have called FBN FGC - after all it really was gambling. I say to people who abuse commodities - as with our alleged elected officials ? we deserve what we get. so, I

November 3, 2008 at 4:10 am

B Scott

Someone asked whether I was worried about Congress taxing 401k,s, absolutely no fear of this happening all...they will "confiscate" and give an "equal benefit" in the bankrupt social security system.

November 2, 2008 at 11:38 pm

Francis Michael Palazzolo

To CW, Please tell I'm off base or The Economic Plans of The Experts are Assbackwards: If I'm someone who buys low and sells high (and I bought my stock choices low in 2007), and then again bought low on Oct. 10th 2008, the old low is very high, but the combined value of what I've paid overall has been reduced considerably. So, a small rebound from the market bottom will raise the value of the stock past the combined value. Then, I sell the shares from 2007 at a loss in 2008, pay no tax, yet I've turned a profit in the process, and gotten rid of all my toxic assests. Then, simply wait for the next low, spend only a fraction of my sale to purchase more than I had before, and live comfortably on the remainder. Meantime the profits I get from dividends dripping back into my stock, thus not subject to tax either (see DSU, for a high dividend yield). Now tell me where in hell is anyone with half a brain and making over 125,000 as a trader (I take it thats the last figure of a wealthy capitalist) gonna pay any tax to bail out the other 95% of Americans? Moral, if money can evaporate in a ponzi scheme at the peak on the way up, it also grows absurdly on the downward trajectory. Thanks man, keep up your great work, FMP

November 2, 2008 at 10:40 am

Gary Driscoll

Cody, Two topics that I would like to see you tackle: (1) Why is the federal government (including both the Fed and the Treasury) trying to reintroduce all of the conditions that let to the current melt-down? (2) When will US business executives realize that when they export jobs, they also export their customer base?

November 1, 2008 at 11:28 pm

Frank Cardinali

Hey Cody, try this site, you will love it ! www.dailydiscord.com

November 1, 2008 at 1:09 pm

Shawn

I wrote a response to E-mac on the taxation of 401Ks. So I'll keep it short and sweet here. King George III would be proud of what is going on today.

November 1, 2008 at 8:45 am

B Scott

As a Canadian I would like to warn my American friends that if they see an abnormal number of Canadians visiting the US this weekend,don,t be alarmed, they,re just down there picking up souvenirs from the "late great USA" for their grandchildren.Future generations will never believe you were "once" an empire and how easily you gave it up.

October 31, 2008 at 11:14 pm

6ftrabbit

According to Erica Jong you should probably invest in guns and ammo. http://www.observer.com/2008/politics/erica-jong-tells-italians-obama-loss-will-spark-second-american-civil-war-blood-will-r

October 31, 2008 at 5:40 pm

Jethro

Hi Cody: I watch you on "Happy Hour" every day and read you blog and thought it was overdue to just tell you how awesome you are. Jethro New York City

October 31, 2008 at 5:37 pm

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

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