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David Brown

 
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  • Where's The Next Support? [View article]
    The latter question will be played out in days to come. That 1120 to 1220 range did hold for two months , so perhaps a one day lapse will return to the range bound area or tomorrow we may see a resumption of the downside. Greece still remains the big question and if good things do not happen I would expect to fall back below the 1120 support.

    Nonetheless as I pointed out there are very attractive valuations out there. Stocks in our portfolio include Kelya (up 15%+ today), SPRD (up q12.4 % today) are good examples of those attractive valuations. Kro and Kem are others as are the four above, three of which were up sharply today. The valuations remain attractive.
    Oct 4 06:31 PM | Likes Like |Link to Comment
  • Likely Greek Default Worries Markets [View article]
    Ned,

    Thanks for your thoughts.

    Indeed we have tough choices to make. I have always favored a lower capital gains tax than the tax on orfinary income. But where is the "wealthy investor" going to invest....10 year treasurues at 1.8% yield? Probably not. Is it really better to cut medicare and medicade? Is it really better to increase taxs on the middle class or let the post office layoff another 120,000 workers?

    This is a very complex problem and there is no easy answer. Would you really implement most of Ron Paul's ideas? Some of them are just fine but we need to work together with partisan positions put asside, with no artificial barriers such as we can't raise taxes, we can't cut social security, we can't reduce the military, we can's continue the EPA. Somewhere there must be reasonable politicians (assuming that is not an oxymoron) who are willing to to try and improve our economy with NOTHING off the table. Otherwise we will end up in the same position as Greece or just like Israel and Palestine. No one budges, no one thinks clearly,.............very worrisome indeed.

    david
    Sep 21 11:22 AM | Likes Like |Link to Comment
  • Investors Find The Silver Lining And Buy Into Optimism [View article]
    Thanks for the comment. We wouldn't take Buffet's large investment as bearish because the shares are preferred. Would be more bullish if they were common shares but he doesn't need to invest in BAC or anybody at all if he is bearish and expects the worst.
    Aug 31 01:21 PM | Likes Like |Link to Comment
  • Investors Find The Silver Lining And Buy Into Optimism [View article]
    I certainly agree that light volume (from a relative viewpoint) diminishes the importance of certain days market performance.
    Aug 31 01:17 PM | Likes Like |Link to Comment
  • Google Scares the Bears Away - Now What? [View article]
    Good thinking James.

    Thanks.
    Aug 16 07:25 PM | Likes Like |Link to Comment
  • Is It Time to Buy? [View article]
    So far so good but a very wild ride :)

    Thanks for comment.
    Aug 9 03:11 PM | Likes Like |Link to Comment
  • Is It Time to Buy? [View article]
    Could be good to start nibbling at deserving stocks that were thrown out with the "bath water". Nothing is certain but you rarely know the exact day to start.
    Aug 9 03:01 PM | 1 Like Like |Link to Comment
  • Is It Time to Buy? [View article]
    Sorry, the math was my bad as I hurried to complete the piece. Wrong divisor! But I know better just using an excel calc that had the two prices transposed. But bad either way, right.

    Thank you for your analysis of the past corrections. Helpful to all of us.
    Aug 9 02:59 PM | Likes Like |Link to Comment
  • Is It Time to Buy? [View article]
    Thanks for the comment...but the CEO Watson, over the past week bought $440,000 from his own pocket on the open market. Simmons may have other ptiorities but the companies performance has been rock solid and should stay that way for at least the mid term future. Read their conference call discussion.
    Aug 9 02:55 PM | Likes Like |Link to Comment
  • How Will the Market Respond to Our Government's Theatrics? [View article]
    Again the issue is timing and how it is spent....I have agreed that smaller government is a good thing...smaller government spending is a good thing but action like we have seen over the past month is not a good thing...lack of leadership in both parties as well as the administration results inpoor planning, lack of focus and partisan based indiscriminate cutting is yet another mistake
    Aug 2 02:26 PM | Likes Like |Link to Comment
  • How Will the Market Respond to Our Government's Theatrics? [View article]
    Good points Joe. Now if they will just spend some of that money expanding operations here in this country we will indeed have a positive spark.
    Aug 2 12:53 PM | Likes Like |Link to Comment
  • How Will the Market Respond to Our Government's Theatrics? [View article]
    Thanks for your comment. Even defense spending can create more jobs if handled appropriately. But clearly not the best way to spend OUR money.
    Aug 2 12:07 PM | Likes Like |Link to Comment
  • How Will the Market Respond to Our Government's Theatrics? [View article]
    General reply to those of you who think the government should spend less. In the long wrong I couldn't agree more. But is the timinng right? I don't think so, due to the current unemployment picture and the fact that the economy is teetering on the edge. Obviously it matters how the money is spent. But we simply must avoid a double dip and me must try to avoid a rating downgrade which would raise interest rates. Fortunately in my opinion the cuts are being staged slowly and with the emphasis in the right types of programs maybe, just maybe we can get employment rising.


    I agree that much money has been misspent . We need strong leadership and a functional congress that can work together to give the economy the boost it needs. I do think that closing some of the tax loopholes, especially those that reward foreign job creation could have helpe the bill accomplish our objectives. Clearly private employers should be encouraged to hire! I just don't think the bill as structured focuses anybody on growing employment and is more likely to reduce employment. How can that be a good thing?

    Just my opinion. My job is find strong undervalued companies and weak overvalued ones. I better get back to that.

    Thanks for your thoughful comments.
    Aug 2 12:04 PM | 2 Likes Like |Link to Comment
  • We Need to Grow Up and Get Our Act Together [View article]
    Agree! But they can't seem to even focus on accomplishing something. Nothing but idle and wasteful rhetoric. Embarrassing to us as a nation of supposedly rational human beings.

    Thanks for comment
    Jul 30 01:45 PM | Likes Like |Link to Comment
  • We Need to Grow Up and Get Our Act Together [View article]
    I'm not certain which EDITOR wrote the preface above so can't say who the grown-up is.
    Jul 27 08:09 PM | Likes Like |Link to Comment
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