President Bush did not waste any time picking another high court nominee. As I had mentioned last night, I thought the Bush Administration would eventually nominate the Supreme Court candidate that they wanted all along. It was obvious from the beginning that Harriet Miers didn't stand a chance. Pretty smart, Huh.

One of those most important pieces of advice I ever recieved from Wall Street was to try and think like those around you think. In this, any many other situations, it has paid off nicely.

Strangely, the new draft pick, Samuel Alito, was a Yale graduate like President Bush I &II, as well as John Kerry. Since all three are also "Bonesman" from the elite Yale secret society, "Skull & Bones", I wonder if Mr. Alito is too.

Why is this of interest? Several high level positions in both Bush Administration's were occupied by "Bonesman". A Kerry administration would have been no different. This elite society has been very influential in shaping many aspects of our society, as well as Wall Street.

If you invest along with this powerful group, you'll do very well. For example, Eddie Lampert of Sears Holdings (SHLD) and Fred Smith, CEO of Fed Ex (FDX) are Bonesman alumni. Mr. Alito may, or may not be. Let's wait and see.