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Bill L.

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  • Jon Stewart Takes on Goldman Sachs [Video] [View article]
    Politicking aside, the one thing I'm glad Mr. Stewart has done is to hold CNBC accountable. Just off the top of my head, I'm recalling a commercial where Maria is saying something like, if you watched CNBC, you knew this was coming...

    As a technician and a trend catcher, I've done exponentially better once I stopped watching... "fast, accurate, actionable".... actionable? Are you KIDDING me?
    Jul 18, 2009. 01:31 AM | 32 Likes Like |Link to Comment
  • More Government = Fewer Jobs [View article]
    There are going to be a lot more taxes created in the next few years to pay for this 8 month respite. The problem is the relief is temporary while the deficits will be around for decades crowding out the corporate sector.
    Feb 5, 2010. 06:49 PM | 27 Likes Like |Link to Comment
  • More Government = Fewer Jobs [View article]
    I'm afraid you're fighting a current that never changes my friend. Governments are slow to act, and when they do it's always at the wrong time, in an inefficient manor. I'm glad to see someone trying to educate the electorate, but I'm afraid this time won't be any different until we have reached a crisis level.
    Feb 5, 2010. 06:35 PM | 26 Likes Like |Link to Comment
  • CNBC Viewership Down 28% [View article]
    I'm not surprised...

    Honestly, people turned to them in droves once the stock market started declining and what did they get? Kudlow telling them that this was a Goldilox economy, Dennis Kneale mocking viewers, telling them to stop being cowards and buy bank stocks, and Cramer telling people to accept that things were over valued but buy anyway. And of course they are bullish now because this rally is their last hope of vindication.

    They claim to only report the news, but it very apparent they they have a strong bias. The only bias news should have is to be as truthful as possible.
    Jul 30, 2009. 01:51 PM | 23 Likes Like |Link to Comment
  • The Trend is Now Down [View article]
    Sorry I was near the end of writing the article and kind of rushing to finish before the close. I'll expand on this; If I ask you, are you bullish, and you say yes, it's because you own stock already, not because you are going to buy. If you are not involved in the stock market you could care less it it goes up or down. So you are correct, fewest bears means there are a lot of bulls out there. But that also means they are already committed to positions, and hence less and less future buying power. So a market as a whole that is dominated by bulls is actually quite bearish. If everyone has already bought stocks, there is no one left to push prices higher. Bulls make the mistake of thinking that bears push down prices. This is wrong. Selling comes from within their own ranks as they exit positions. Make sense?
    Feb 6, 2010. 02:22 AM | 21 Likes Like |Link to Comment
  • The Economic Recovery That Isn't [View article]
    Peter, you are one of the few people out there that actually makes sense. Evidence for deflation is everyone yet the majority seems to be oblivious. In the last 50 years every peak in the business cycle has had lower and lower peaks in real GDP as the debt mountain has gotten bigger and bigger, and it take more and more just to service the debt. Every time our economy has had a set back our answer seems to be just give everyone another credit card, until finally now, we are tapped out, and ignoring late notices. We need to get back to an economy that makes sense, and that is when we will have a real recovery, not just credit inflating again.
    Oct 4, 2009. 03:44 AM | 21 Likes Like |Link to Comment
  • Economic Collapse Is Accelerating [View article]
    Darwinist wrote:

    > I looked thru two Great Depression books in my hand and I couldn't
    > find the word "Jobless Recovery".

    I think what all the dumb-ass clueless naysayers don't understand is that this will be history's first jobless, homeless, consumer-less, dollar worthless recovery. The US is too big to fail. right???
    Aug 13, 2009. 04:46 PM | 19 Likes Like |Link to Comment
  • The Five Worst Bailouts [View article]
    Rewarding bad behavior coninutes still...
    The FDIC fund is now facing record draw downs, funds which are paid by the banks who didn't partake in the high risk activities. As more and more risky bank go under, the conservatives banks will be forced to pay more to cover the losses of those who took deposits to the casino. Does this seem right?
    Sep 6, 2009. 07:06 PM | 18 Likes Like |Link to Comment
  • Lessons from a Market 'En Fuego' [View article]
    The problem as I see it is the huge debt mountain that has only started crumbling. The ONLY comparable situation to the US economy in the lase century is the Great Depression, and like wise, the stock market has followed almost the same exact pattern.

    The Debt to GDP ratio is near 400% (was only about 275% during that era), so in essence the problem is large, more complicated (thank you securitization), and is more leveraged (thank you derivatives).

    Of course few realize this, partly because the majority in the world of finance were alive from that era, and most have the entire career in a period of generally rising prices. Seeing as how massive debt deflation ends (crash), caution and capital reservation should be paramount. Not saying to play the rallies we are sure to have. But know when enough is enough. One of the largest and fastest rallies ever, should be taken advantage of, and that means selling and raising cash.

    Even if you do not believe in the debt deflation scenario, it still comes down to this: buy low, sell high. All the best investors agree that preserving capital and losing money is their number 1 concern, and the growth takes care of itself.

    March was low...... >50% rally in 5 months is HIGH.
    Sep 17, 2009. 10:17 AM | 16 Likes Like |Link to Comment
  • Understanding the Bear Case [View article]
    Yea... I was a little hard on Larry. In retrospect those kind of remarks lessens the quality of my writings. I'm just currently annoyed with the main stream business media outlets, how they (he especially right now) constantly quotes the yield curve as bullish, but when the yield curve was inverted it was unimportant. So anyway, if offended, I apologize.
    Apr 2, 2010. 12:33 PM | 12 Likes Like |Link to Comment
  • Fear Leads the Market [View article]
    The last time there was such a high correlation between assets classes was.... big surprise...the great depression era. People counting on diversification to save them will be sorely disappointed. Today market makers all use some sort of quantitative system, thus the market is just divided into risk and cash. But today there is no such thing as cash. Everything is just an IOU, ie credit. Welcome to the next financial crisis.
    Feb 14, 2010. 03:31 AM | 12 Likes Like |Link to Comment
  • The Trend is Now Down [View article]
    I just want to emphasize, the negative breadth statistics recorded Thursday are VERY important. I believe there is no clearer sign that institution (possible Governement?) sized market participants have no entered a distribution phase, and these tend to last several months.
    Feb 5, 2010. 05:45 PM | 12 Likes Like |Link to Comment
  • CNBC Viewership Down 28% [View article]
    I think the advertising is very insightful to who watches CNBC - cymbalta, every research platform under the sun, viagra, video professor, perfect push up etc. - therefore the CNBC viewer is depressed, underperforms in investing, has erectile dysfunction, is inept at using computers, and is fat.

    That is who is running your money.

    On Jul 30 02:19 PM adviserSF wrote:

    > I love a show with 85% advertising and 15% crap content.
    Jul 30, 2009. 02:36 PM | 12 Likes Like |Link to Comment
  • Record Low New Home Sales [View article]
    How about the weather is nothing compared the last bit of demand that has been pulled forward thanks to the poorly conceived housing credit. That's right, let's solve a debt crisis by waving 8 grand in front of people and getting everyone into even more debt while adding to the deficit... unbelievable...
    Feb 24, 2010. 03:25 PM | 11 Likes Like |Link to Comment
  • Today in Commodities: The End Is Beginning [View article]
    Everyone on CNBC was looking for an excuse for why this rally failed today. ISM, Ford, Michelle Caruso-Cabrera's hair wasn't perfect, etc.

    All you have to do is look at what the dollar is doing. The dollar is oversold, and stocks are overbought. End of story.
    Sep 1, 2009. 04:50 PM | 11 Likes Like |Link to Comment