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Eric Parnell, CFA  

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  • What To Do As Greece Crosses The Rubicon [View article]
    Hi TimmiesRegular - Always enjoy reading your perspective and thanks for sharing it here on my latest article. The next few days should be interesting, but its notable that within the stock market defensives like utilities and income producers like REITs are solidly higher this morning. An orderly market reaction so far.
    Jun 29, 2015. 10:52 AM | 1 Like Like |Link to Comment
  • What To Do As Greece Crosses The Rubicon [View article]
    Hi Ginny - Thanks for your comment and hope that you are doing well. You've hit on a key here. It sounds like credit card transactions are still processing and that tourists still have ample access to the liquidity they need (not limited to the 60 euro withdrawal limit for citizens), but this is one of the many things that should be monitored in the coming days. Great points!
    Jun 29, 2015. 10:50 AM | 1 Like Like |Link to Comment
  • What To Do As Greece Crosses The Rubicon [View article]
    Hi tunaman - Thanks for your colorful commentary and for sharing your thoughts. And I agree that the Keynesian experiment has gone completely awry in recent decades with central bankers running wild and policy makers overlooking the fact that surpluses are required during prosperous times to offset the deficits accumulated during periods of weakness. Thanks again.
    Jun 29, 2015. 10:48 AM | 2 Likes Like |Link to Comment
  • Bethany Beach Memoirs [View article]
    Thanks macombet - This is a good question. To show how long this contrast has been going on, I have attached a link to an article that I wrote back in August 2011 on Iceland that gives more context on how events played out there.

    http://seekingalpha.co...

    The following BBC documentary on YouTube also does a good job of giving a 10 minute summary on what happened.

    http://bit.ly/1GNuni5

    Thanks.
    Jun 26, 2015. 08:58 AM | Likes Like |Link to Comment
  • Bethany Beach Memoirs [View article]
    Thanks newbeach861 - I appreciate it!
    Jun 26, 2015. 08:52 AM | Likes Like |Link to Comment
  • Bethany Beach Memoirs [View article]
    mickey99 - Great points on the willingness to take pain. I suspect that history will look back on this time period starting from the late 1980s through today to study the consequences associated with not allowing economies and markets to cleanse and heal by trying to paper over excesses with easy money and central bank liquidity. Recessions serve a health purpose for economies, and its time that we stop trying to override the natural flow of the business cycle. Great points and thanks again.
    Jun 26, 2015. 08:50 AM | Likes Like |Link to Comment
  • Bethany Beach Memoirs [View article]
    Thanks for the comment. I too love the DE beaches and have a lot of great memories dating back to my times growing up. Thanks again!
    Jun 26, 2015. 08:44 AM | Likes Like |Link to Comment
  • Bethany Beach Memoirs [View article]
    Hello Alan - Thanks as always for your great and insightful commentary. I always appreciate reading your thoughts and perspectives. And you are absolutely right that the post crisis happen has been to extend and pretend. Unfortunately, the excess only continue to accumulate and the eventual day of reckoning will be all the more calamitous as a result. Of course, those that are at the ready and positioned the right way can stand to benefit, but we will likely not be at such a juncture just yet even if Greece defaults. But such an outcome will probably help bring this end game closer. It will be interesting to see. But in the end, one will always be left to wonder how differently the post crisis period could have been had policy makers had the courage to deal with these problems up front and absorb some short-term pain instead of repeatedly putting things off and trying to wish problems away.

    Thanks again Alan. I hope you are doing well.
    Jun 26, 2015. 08:43 AM | Likes Like |Link to Comment
  • Bethany Beach Memoirs [View article]
    kurlancheek - You raise an excellent question, which is something that I plan on following up on once we have a better idea of the path that we are headed down. I have another article that may be posted today on SA where I start to delve into these topics, but I think the biggest downside risks for markets is not necessarily a result of the Greece situation itself, but the potential fallout effects from a Greek exit (whenever that may occur, for a bailout today does not mean that we won't be back here again soon). Russia in particularly is an important wild card in this regard. Thanks again.
    Jun 26, 2015. 08:37 AM | 2 Likes Like |Link to Comment
  • Bethany Beach Memoirs [View article]
    Michael - Thanks as always for your great commentary. Nothing like watching geopolitical theater as the masses are left to watch and wait to see about the fate of their long-term savings and investments. It will be a good day when the global economy can finally right itself once and for all. Thanks again.
    Jun 26, 2015. 08:33 AM | 1 Like Like |Link to Comment
  • Bethany Beach Memoirs [View article]
    GoGowadof100s - Thanks for the note. Lewes is a beautiful place to live and I hope that you're enjoying the summer season so far!
    Jun 26, 2015. 08:31 AM | Likes Like |Link to Comment
  • Toy Wars: Mattel Vs. Hasbro [View article]
    Hello idaustin,

    Thanks so much for your comment and for sharing your perspective on the article and Mattel in particular. I agree with your reasoning behind potential theses for owning Mattel stock at the present time. And you are right that the outcome for the dividend is an uncertainty that should be monitored going forward.

    I also share your view about the fact that the turnaround is easier when the company is engaged in more of an annuity or toll booth type business. And while Mattel does not have products that share the same addictive qualities as a Starbucks coffee, the one way I think they do have an annuity type benefit is in the fact that they along with Hasbro and Lego take up most of the "shelf space" both in the stores and online when it comes to toys and there will always be new customers that are being born every day that will inevitably come up through the pipeline and want to buy the products that these companies have to offer. And in this way I see the companies having at least a measure of this annuity/toll booth quality.

    Great points and thanks again for your comment. I appreciate it.
    Jun 21, 2015. 09:48 PM | Likes Like |Link to Comment
  • Last Exit [View article]
    Hello Michael - Great comment as always. Hope you are doing well.
    Jun 18, 2015. 03:34 PM | Likes Like |Link to Comment
  • Last Exit [View article]
    Hello Teutonic Knight,

    Great point - finally taking some of these problems head on and the medicine that comes along with it would certainly be a refreshing change.

    Thanks for your comment.
    Jun 18, 2015. 03:33 PM | 3 Likes Like |Link to Comment
  • Last Exit [View article]
    Hello Piptief,

    Thanks for your comment and excellent point on LEAPS. Such options strategies are fairly inexpensive right now and to your point definitely have their place when the time is right.

    Thanks again and excellent point.
    Jun 18, 2015. 03:32 PM | 2 Likes Like |Link to Comment
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