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Gary Jakacky

 
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  • Corporate Profits Are Strong, But Pessimism Rules [View article]
    Be a bit more conservative, Calafia, and look at PE ratios that go back further than 1960. Not that 50 years is chicken feed, but huge runup in the 1990s (twice) are far to anomalous and drag the mean of your sample upward. Zillions of investors have lost money (ahemm...cough..cough) buying stocks that look 'cheap' now relative to recent PE averages.
    Jul 6 03:44 PM | 4 Likes Like |Link to Comment
  • Investors worry that the risk of default for U.S. local governments is growing, as some regions - particularly parts of California, Illinois, Michigan and New York - face the same type of difficulty in curbing pension and budget deficits as some European countries. Analysts foresee further spread widening in the muni bond market.  [View news story]
    For decades public salaries were lower than the private sector, and the argument was---wll, ok but benefits are better and you can retire early. Now public hack wages are HIGHER, and benefits retirements even BETTER!

    The solution is 20-20. An immediate 20 percent cut in public employee salaries, and 20 years of wage increases below the rate of inflation.
    Jul 6 02:28 PM | 3 Likes Like |Link to Comment
  • Why Alt Energy Will Never 'Pencil Out' [View article]
    The price of oil is NO MORE VOLATILE than the price of lumber, whale oil, candle wax/paraffin, and slaves were in past centuries...previous sources of energy that rather seem to have fallen by the wayside.

    And in case you haven't noticed, we free marketeers have come up with exchanges where volatility can be bought and sold, thus laying off the risk.
    Jul 6 02:00 PM | 2 Likes Like |Link to Comment
  • Fred Carstensen: Replay of 1930s Recession [View article]
    The new deal failed; the obama stimulus failed, and of course, that means we need a new Stimulus!

    When Paul Krugman is unemployed, the economy will begin to recover.
    Jul 6 01:17 PM | 2 Likes Like |Link to Comment
  • The Bear Is Back [View article]
    The gain in this 'rally' is exactly what last years' H&S bottom suggested it would be.

    On the other hand, if you assume the rally from March to April was a bull market, and look at the retracements on that move, WE are right at the 38.2% retracement in the last few days.
    Jul 6 01:00 PM | 1 Like Like |Link to Comment
  • 5 Stocks to Own Before Washington Puts a Price on Carbon [View article]
    I'll tell ya what. Why don't we get rid of the SUBSIDIES FIRST....that is, get government out of the 'pick an energy winner' charade, rather than install ANOTHER TAX and inevitable bureaucracy? Rush Limbaugh quotes are EXACTLY what you need to read...guys like you always suggest another tax, another goverment agency, another regulation.

    Here is a suggestion. Get rid of the Dept of Energy entirely.
    Jul 6 10:52 AM | 7 Likes Like |Link to Comment
  • Your headline says "7" but he gives eight. A peace dividend, perhaps?
    Jul 1 03:03 PM | 5 Likes Like |Link to Comment
  • The Dow Yields More Than 10-Year Treasuries [View article]
    Armageddon? You think Obama can't destroy medical supply stocks like the Hildabeest destroyed Pharma? Take a look at a ten year chart in MRK, PFE and a few others to see what hostile regulation, reduced incentive for innovation, and government harassment can do to medical stocks.

    The last time we had a congress and president this hostile to profit taking and innovation (Jimmy Carter), PE ratios fell into the single digits.

    Bring it on!
    Jul 1 02:14 PM | 3 Likes Like |Link to Comment
  • Manufacturing Strength Continues [View article]
    Patience folks. A slowdown is perfectly normal given the turmoil in Europe and Asia...to say nothing of jitters above troop movements north of Iran. How many of the howlers about a double dip saw the first one coming? And how many howlers who got this 'crash' right have been howling (like Galbraith) about a crash, since WWII???
    Jul 1 01:52 PM | Likes Like |Link to Comment
  • Will 2010-2011 'Rhyme' With 2002-2003? [View article]
    Even over the ridiculously small time period you have chosen for your indicator, there was a FOUR YEAR PERIOD from 2004 to 2008 when the ISM was falling and stock prices rose. And by the way the ISM nearly regained its 2004 highs but the SP500 is nowhere near them.

    Time for more geek tweaking.
    Jul 1 12:10 PM | Likes Like |Link to Comment
  • Ireland in Decline, Or, What Austerity Looks Like [View article]
    Hey new deal when was the last time you suggested spending cuts?
    Jul 1 11:44 AM | 4 Likes Like |Link to Comment
  • Has Europe Not Learned Anything From the Crisis? [View article]
    Eurosclerosis! I LOVE IT.
    Jul 1 11:24 AM | Likes Like |Link to Comment
  • Do Candlesticks Spell Doom for Equity Markets? [View article]
    Should Jack be Nimble while he jumps over this candlestick?
    Jun 30 10:32 AM | 1 Like Like |Link to Comment
  • The value of a college degree is a middle-class article of faith, but new research suggests that in many cases its monetary value is vastly overstated. One reason: "We have credential inflation in America... We used to send kids to college to become lawyers and doctors. Now we send them to college to work at Wal-Mart (WMT)."  [View news story]
    Dumbing down Public Schools had to catch up with college eventually. 20% of freshman need remedial ALGEBRA...a ninth grade class, and they are so stupid they actually expect college credit for it. While Asian students take calculus, engineering and biochemistry we suck up to Gender Studies and Feminaziism.
    Jun 28 08:00 PM | 2 Likes Like |Link to Comment
  • A thousand shares of Boeing (BA) tumbled 44% to $38.77 early this morning. The erroneous trade was not stopped by new NYSE circuit breakers, which only kick in after 9:45 a.m.  [View news story]
    News Flash: Thousands of government bureaucrats were incinerated this morning when overheated Twitter-enabled Iphones exploded. The explosions were not stopped by circuit breakers, which kick in only after 9:45 AM.

    WE can ONLY wish.......
    Jun 28 12:20 PM | Likes Like |Link to Comment
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