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Jason Kelly of The Kelly Letter May 9, 2008 Email this article to a Friend  Printer friendly page

We've been well ahead of the mainstream media on the issue of who will be running against McCain. On March 23, I sent to Kelly Letter subscribers the following:

The idea that Clinton and Obama are neck-and-neck in the race for the Democratic nomination is a media driven fiction. It makes for great edge-of-the-seat reading, but is wrong.

Clinton has almost no chance of winning.

Even her own campaign says she can't win more pledged delegates at this point, and any calculator will tell you the same thing. Even if she wins every single contest remaining with 60% of the vote -- a margin of victory she's attained only three times so far -- she would still trail Obama in the delegate count.

That leaves Democratic superdelegates to reverse the popular vote in Clinton's favor. Clinton is banking on winning the primary popular vote, at least, to lobby superdelegates to make the nearly inconceivable decision to tell her black opponent and his grassroots army that, despite his winning the count with voters, the candidacy will be given to the white person.

by Jason Kelly (The Kelly Letter)

Disclaimer:

Please note that charts and commentary provided by the moderator are for educational purposes only. Any trades placed upon reliance on the moderator’s charts or information is taken at your own risk for your own account. Past performance is no guarantee of future results. While there is great potential for reward trading stocks, futures and options, there is also substantial risk of loss and you must decide your own suitability to trade. Future trading results can never be guaranteed. This is not an offer to buy or sell stock, futures, options or commodity interests.

Most trading systems are based on historical formulas which have worked in the past. However, what has happened before may or may not happen again. You can lose all your money trading stocks, futures, and options and you must decide your own suitability as to whether or not to trade. Only trade with true risk capital you can afford to lose. Only trade markets you can properly afford to trade. Properly funded trading accounts typically perform better than those that are not. Never risk more than 2-3% of your account on any one trade. Always define your risk before entering a trade and place a stop to limit your risk.

There are no guarantees or certainties in trading. Trading involves hard work, risk, discipline and the ability to follow rules and trade through any tough periods during a system’s draw downs. If you are looking for a guarantee, trading is probably not for you. Most people lose money trading. One of the reasons is that they lack discipline and are unable to be consistent. A system can help you become consistent. Ironically, worrying about the monetary aspect of trading can contribute to and cause a trader to make trading errors. Therefore, it is important to only trade with true risk capital.