The Next President

America is fearful and uncertain of the future. We have lost confidence in our system, Wall Street, our Government, our leaders, and worst of all ourselves.



Fear feeds fear, anxiety feeds anxiety! The world needs to perceive a change, a new hope, a change in direction. While John McCain is a great patriot and war hero he has shown no ability to inspire Americans to believe that better days are ahead. Regrettably, Senator McCain has missed opportunity after opportunity to show us the leadership during his campaign that our country so badly needs. I do not believe as many do that McCain is an extension of Bush. That said, the world and a vast majority of the country do, and perception is reality.



John McCain is a great American who's time is past and he looks more like Bob Dole lately than the American Hero and Leader that he really is. One must therefore conclude that Senator McCain just simply does not get it! He has lost both debates - not inspired anyone about anything - and just simply seems out of touch. In that way he then becomes an extension of Bush.



What the county needs is hope that we can make the move to a new way. We need to restore confidence in the midst of despair. We need something to make us believe that it won't be the same old stuff come January 20th. John Kennedy and Ronald Reagan inspired us to believe that our best days were ahead. We need that more than ever. Senator OBama, to be clear, has many faults and had the Republican Party put forth a younger more dynamic leader I believe OBama would not be the next president. But that did not happen and John McCain had candidly not earned the job. He seems tired, listless, and detached from what is happening.



Obama will electrify the country immediately after November 4th and for months into 2009 as we watch a new government form. I believe that many times style trumps substance. America needs that right now and therefore Barack OBama will be the next President of The United States. God Bless America - we will need it!

Market Crash?

Well, not yet but never since 1929 has the potential for a market crash been as real as it will be come the morning. Congress is unable or unwilling to get it right. Maybe an 800 point drop will open some eyes. We need people like Blumberg;Trump; Buffet to stand tall and offer their advice as American leaders to these morons in Washington.

Watch for the morning predictions right here at the Table Bay Man web site...

Knowing When To Leave

The Purple Man thinks that Brett Favre is a sad case!

SEC Proposed Rule 115A

Well depending on what Chicken Little ( you know that chicken with the sky falling deal ) story you read today the SEC is poised to end Indexed Annuity sales as we know them. Now there is no shortage of people that want you to believe this - the Broker Dealers, the firms trying to get you to set up or join their RIA, etc....so let's try to separate the fact from fiction.

First, this is far from a done deal. This is a proposed relegation, not a new law or rule. Some say it is just a matter of time before the SEC ( acting on FINRAs behalf ) gets the EIA under its control. Well, don't bet the car keys just yet.

There are major obstacles to the regulation being enacted. Here are just a few:

• Chairman Cox has less than 6 months left in office. Given the time frame and his need to get his resume together its arguable that he could get it done in that time frame.
• The next Chairman of the SEC may not have the burr in his saddle Cox does.
• 50 State Insurance Commissioners are not in favor of the rule and the loss of the control of this product has not set well at all. The product is an insurance product in their view!
• The collective insurance commissioners represent a large power base with their counterparts in Congress - keep in mind that these commissioners vote and are part of political parties - the SEC does not vote....
• The insurance industry is no shrinking Violet in the halls of Congress either and the pressure that will be brought will be huge.
• The insurance companies will in all likelihood challenge whatever the SEC does in court thereby tying up the whole mess for years.

In the end Purple Man believes that this is going no where. The bad acts of a few will ruin a great and useful product for consumers. We believe that the truth will prevail and that the SEC will fail again to classify the EIA as a security. That said, this is a reminder and wake up call to all advisors regarding sales practices and the need for honest and open sales presentations.

Table Bay Man will keep you posted on events as they unfold.

I'm Back!

Now that a period of morning is over for the Pats loss to the New Jersey Giants the masked avenger is back to deal with all the loony tune things going on in our world today. Its time to suit up and bring some light to the darkness in our world today.

As we approach the coming election season the nut jobs and weirdo's out there only get more fired up. Between Barry Obama ( he was Barry before he was Barack ) the banks, Federal Reserve, stock market, and mortgage lenders we have our hands full. Then add the SEC and FINRA, Broker Dealers gone wild, and compliance officers who are drunk with power, we have enough stuff to keep us busy until the Pats hit the Super Bowl in in February 2009.

Oh before we go on the Sox are great now that the King of Nuts is off to LA. Manny will fit right into the land of the fruits and nuts....good luck dodger's fans....this is been a great year for Boston dumping on LA - first the Celts give Kobe and Company the boot and now Manny goes there!

On a sad note this summer has seen Tim Russett and Randy Pausch die. Russett the great NBC analyst and Pausch who showed us how to live with courage, laughter, and love in the final days of our lives. We should all aspire to live such meaningful and important lives as they both did.

The race for the White House is on and here are some predictions: Hill blew the top job but will get the VP spot and will get the Oval. McCain will select Romney and give it a go but if Hill is the VP then the older women will flock to Obama and that will be that. If Obama selects anyone else the voters of America in the final moment as they vote will move in a landslide to McCain. Wondering how Hill will get the Oval as number 2 - stay tuned!

Monday we cover the SEC and its lame attempt with proposal 115A.

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Success

In every success story, you'll find someone who made a courageous decison.

Planning

Don't lose sight of good planning and insight. Hang onto them them for they fill your life and bring you honor and respect.

Tears of Broken Hearted Fan

And so the dream comes to an end with a devastaing defeat. Purple Man is sad as history eludes the perfect season again. The Miami Dolphins can sleep good tonight.

Sports is a funny thing - it thrills us, inspires us, and sometimes disapoints. For a New England fan where you grow up planning your life around the Red Sox and Patriots schedule losses like this hurt forever. Remember Bucky Dent?

The good news is that the pitchers report to Spring training in a few weeks and opening day will bring renewed hope for a heart that is all too familiar with being broken by our on field hero's.

For so many years I have been loyal as you gave me something to look forward to each weekend.

As for this year - so close, yet so far from what was the goal. Thanks Bill, Tom, Teddy, and Randy for a great ride. I don't know if I feel worse for me or you - in the end I guess that is the ultimate tribute a fan can pay - sheading the tears with you and feeling the pain of a dream that was not to be. See you all next year!

Hail To The Patriots

The game Sunday will be the completion of a marvelous journey and an accomplishment that we may never see again in professional sports - enjoy!

Hold on tight

I've been out and about around the country, but hold tight, because more Table Bay Man is on its way!