Comments on David Simms' articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/david-simms/articles http://seekingalpha.com/article/133216/comments?source=feed#comment-492042 492042 Wed, 06 May 2009 11:42:38 -0400 http://seekingalpha.com/article/133216/comments?source=feed#comment-483142 483142 Wed, 29 Apr 2009 16:35:29 -0400 http://seekingalpha.com/article/122261/comments?source=feed#comment-402324 402324 Thank you for your perspective one and all. > > I look forward to reading it all again tomorrow after tonight's speech. > > > Would that you are correct David, because those of us who are in > trouble could use the relief of some stability returning to economy. > > > As for the pessimistic "I told you so's", could you please just go > across the street and help the economy, buy something, coffee, hot > dog; the vendor will thank you. Telling the Captain of the Titanic > the ship is sinking is overstating the obvious; turn your anger and > fear into something constructive and we might all fair a wee bit > better. > > The truth is the economy will have to rebuild from the bottom up, > go buy something that creates demand in the supply chain. > .]]> Tue, 24 Feb 2009 23:16:43 -0500 "The truth is the economy will have to rebuild from the bottom up, go buy something that creates demand in the supply chain"

you out to lunch? the "economy" is fine, its the contracting of markets, much like what was done with oil last springtime, that lead to the melt down. somewhere between 60 and 100 trillion dollars of lost contract values(depending on which pundit you read) that has done us in. otherwise, the global economy is fine considering the sudden lack of credit worldwide. supply and demand are fine, production is fine. its the credit markets that are not fine.

On Feb 24 02:32 PM P. K. wrote:

> Thank you for your perspective one and all.
>
> I look forward to reading it all again tomorrow after tonight's speech.
>
>
> Would that you are correct David, because those of us who are in
> trouble could use the relief of some stability returning to economy.
>
>
> As for the pessimistic "I told you so's", could you please just go
> across the street and help the economy, buy something, coffee, hot
> dog; the vendor will thank you. Telling the Captain of the Titanic
> the ship is sinking is overstating the obvious; turn your anger and
> fear into something constructive and we might all fair a wee bit
> better.
>
> The truth is the economy will have to rebuild from the bottom up,
> go buy something that creates demand in the supply chain.
> .]]> http://seekingalpha.com/article/122261/comments?source=feed#comment-401807 401807 Tue, 24 Feb 2009 14:32:40 -0500
I look forward to reading it all again tomorrow after tonight's speech.

Would that you are correct David, because those of us who are in trouble could use the relief of some stability returning to economy.

As for the pessimistic "I told you so's", could you please just go across the street and help the economy, buy something, coffee, hot dog; the vendor will thank you. Telling the Captain of the Titanic the ship is sinking is overstating the obvious; turn your anger and fear into something constructive and we might all fair a wee bit better.

The truth is the economy will have to rebuild from the bottom up, go buy something that creates demand in the supply chain.
.]]> http://seekingalpha.com/article/122261/comments?source=feed#comment-401702 401702 Tue, 24 Feb 2009 13:26:45 -0500
Better in 2009? Other than macro "feeling" not being a sound trading strategy, I don't agree with this logic at all.

Let's say we are "materially" better off in 2009. Pretend, anyway.
That still doesn't mean that the S&P500 is fairly valued or anything is even close to bottom.

Don't forget, 2008 might have been "materially worse" but it was also grossly overvalued with phantom toxic assets that we somehow pretended were golden. Thus, S&P500 and the market overall will still plummet, regardless of the material considerations.

I'm not predicting that we're going to fall a great deal or a little. I'm just pointing out that this statement really means little, even if true.]]> http://seekingalpha.com/article/122261/comments?source=feed#comment-401583 401583 Tue, 24 Feb 2009 12:11:14 -0500 http://seekingalpha.com/article/122261/comments?source=feed#comment-401499 401499 Tue, 24 Feb 2009 11:27:26 -0500
Now the Shadow Banking System has so much exposure to instruments that are almost insurmountable in complexity and opacity that no one has any confidence in solvency - Therefore the tragedy we are currently in. Until this issue is dealt with there will be no recovery; the system will not return to normalcy.

Housing may have been the fuse that set this whole pile in motion of collapse, but it has now become a symptom of a much larger cycle, of interwoven reinforcing results, of insolvency suspicion within the financial institutions and framework of the economy.]]> http://seekingalpha.com/article/122261/comments?source=feed#comment-401491 401491 Tue, 24 Feb 2009 11:24:46 -0500
Why portfolio was up 5% yesterday (2-23-09) alone and is up over 50% since the highs in 2007 so listen to the idot who is losing his ass because he trades on false hope or listen to the facts, it's your choice.]]> http://seekingalpha.com/article/122261/comments?source=feed#comment-401378 401378 Tue, 24 Feb 2009 10:35:19 -0500
Now close your eyes, click your heels 3 times and say
"Prosperity is just around the (maybe FY2013) corner.]]> http://seekingalpha.com/article/122261/comments?source=feed#comment-401364 401364 Tue, 24 Feb 2009 10:28:34 -0500
Never say Never.]]> http://seekingalpha.com/article/122261/comments?source=feed#comment-401212 401212 Tue, 24 Feb 2009 09:13:10 -0500 Until I see the USA begin targeting their debt as their most pressing economic problem, I simply dont see a turnaround.

Luckily I am starting to see the signs with your new president at least talking about halving the deficit. However until he starts raising taxes and cutting government spending thats all just rhetoric.

Until your own government starts putting policies of fiscal responsibility in place why would you expect your major corporations to act differently?

We have been through this in Canada after 1992. It was a long and painful process. If you spend beyond your means, one way or another you have to pay the piper.

Kirk
]]> http://seekingalpha.com/article/122261/comments?source=feed#comment-401157 401157 Tue, 24 Feb 2009 08:42:43 -0500 http://seekingalpha.com/article/122261/comments?source=feed#comment-401133 401133 Tue, 24 Feb 2009 08:28:12 -0500
This is a crisis of too much debt. There are only two solutions, pay down the debt or inflate away the debt. If we choose to pay it down, then we are looking at a prolonged economic contraction during which the stock market will probably go sideways at best. Stocks are certainly not acting irrational if that is the scenario that occurs.

The other solution is to make the pain of all this debt go away with a wave of the government's hand, i.e., inflation via printing press. It's quicker, debt becomes manageable, fewer unsightly bankruptcies, no panicky shareholders because the stock market returns to the old familiar trading patterns. Every coroporation has a visible goal again; lobby the government for a competitive advantage, something they already know how to do well. Solution #2 seems so comforting. We've learned to love our easy money. This seems to be the path you foresee and I don't necessarily disagree.

One minor thing to keep in the back of your mind as the warm narcotic of fiat money once again flows through the arteries of this system. There is nothing about printing money, or excessive credit, or government largesse and power, that create more wealth. Wealth is created by individual persons working hard to better themselves. All those stories about "pump priming" and "paradox of thrift" and future "fiscal responsibility"...., rationalizations used by addicts to justify one more score. Just get us through this rough patch, make us feel better again, and then we'll have our mind right for the hard work of going straight.

If you're hoping for a quick market rebound, be careful, even if it helps your personal situation in the short term. This may be the dose that finishes America off.]]> http://seekingalpha.com/article/122261/comments?source=feed#comment-401115 401115 Tue, 24 Feb 2009 08:18:36 -0500 http://seekingalpha.com/article/122261/comments?source=feed#comment-401108 401108 Tue, 24 Feb 2009 08:16:11 -0500 Good article, that.
All my trading models say "Sell, sell, and short!" and my heart is not in it anymore. Widows and orphans funds are now down over 50% while invested in America's strongest companies collectively sitting on over $100 billion in cash (stuff like Apple, Microsoft, Cisco, and Intel). Pension funds that invested in Ponzi schemes are wiped out, but conservative long-range investors are not far behind. These are unleveraged assets invested for the long haul, and they are paying a terrible price. The USG wants to bail out the banks by buying their stock?!? Huh?!?

How was all this carnage caused by illegal aliens making a quick buck by selling mortgages to their fellow illegal aliens so they could stuff 7 families in a house? Do you believe all this crap? Do you think manipulation may have more culpability? Ya think?

I have my doubts about the Pubs and their crusade to discredit Obama and the Dems, but they caused this mess all by themselves according to the progressives. They all had some help.

Somebody is manipulating the entire system. It would be good if we followed Germany's Merkel and the EU and put the clamps on the Hedge fund traders. Maybe we will see who is really causing the trouble.

My computer alarms just went off again. "Sell, short, sell!" The indicators are 20% out of bounds. There is no floor under the averages for a long way down. This is a tough call. Should I follow my head or my gut? ]]> http://seekingalpha.com/article/122261/comments?source=feed#comment-401102 401102 Tue, 24 Feb 2009 08:05:53 -0500
i am not predicting the market is going to fall - but i am predicting these ignorant claims of bottoms or the sun shining out of peoples orafices will soon be revealed as ignorant hype.
]]> http://seekingalpha.com/article/122261/comments?source=feed#comment-401097 401097 Tue, 24 Feb 2009 07:59:39 -0500 http://seekingalpha.com/article/122261/comments?source=feed#comment-401093 401093 Tue, 24 Feb 2009 07:58:08 -0500 http://seekingalpha.com/article/122261/comments?source=feed#comment-401087 401087 Tue, 24 Feb 2009 07:51:24 -0500 http://seekingalpha.com/article/122261/comments?source=feed#comment-401075 401075 Tue, 24 Feb 2009 07:34:47 -0500 http://seekingalpha.com/article/112050/comments?source=feed#comment-355909 355909 Wed, 14 Jan 2009 15:49:43 -0500

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