After surging yesterday on news that China's government would double its spending on the industry, Chinese solar stocks are suffering the hangover today: CSUN -10.3%, JASO -5.4%, STP -5.4%, JKS -4.6%, LDK -4.1%, SPWR -4.1%, TSL -1.6%, YGE -0.5%. These companies are still far from being profitable - and what the government giveth, the government can taketh away. [View news story]
Corporateprofits are at all time highs because unlike the Federal Government, they know how to maximize output by their employees and strictly control costs, from energy costs to investory costs. I am gonna boycott paying the federal government until they reduce THEIR Employment and public sector wage growth until it is in line with the rest of the economy. What might that take...hhmmm..maybe 20 years?
Wish my mummy was still here to hear ya say that! :) The smartness and lazyness are somewhat related. A lot of smart folks spend 60 hours a week earning bazillions. I'd rather spend a few hours a week meeting my bargain basement expenses. I need to be more prudent as I approach retirement, but I think i'll be comfy enough.
Jim Rogers turns bullish on Russia (RSX) for the first time in his career, believing Putin and the government have changed, and the country's gigantic potential is set to be realized. Of note are transportation routes, which could save time and money in getting goods to Asia by land rather than by ship. "It would ruin Singapore." [View news story]
From Jim Rogers article... "They're trying to develop the transportation network so that they can transport goods from Asia through Siberia. And they're spending huge amounts of money doing it. If it works, it would save a lot of time and money to get goods to Asia instead of going by ship."
Jim Dude..I lived in Irkutsk for 2 years in the mid 1990s. They were trying to develop the TranSiberian railway then, and spending alot of money doing it.
TranSiberian is a great orchestra, enjoy their Christmas music. It'd be faster to get goods across Russia using your motorcycle. Singapore has the rule of Law. What does Russia have?
I'll take the elderly, who pulled the world out of the ashes of WWII, built a strong nation, military, and economy IN SPITE OF, not because of, confiscatory taxation and insufferable regulation, over todays fat, uneducated, foul mouthed illiterate and innumerates who can't understand why remedial algebra isn't enough mathematics to get them a job, and think "2012" was a documentary. ANY DAY.
Chevron (CVX) hopes to see a moratorium on hydraulic fracturing lifted in Romania, and weekend elections could determine whether the country will allow foreign oil companies to go ahead with fracking of its sizable shale deposits. Anti-fracking sentiment is strong in Romania, and CVX stands to lose its existing exploration rights if the new government doesn't play ball. [View news story]
Those vampires have been fracking for centuries, sucking the life blood out of the nation!
Transportation Average Upside Breakout? An Update [View article]
Hmmm.. Flash, I have the 200 day at about $60 a share. It has broken thru the average a couple times lately, but has not accelerated and moved away---yet. On a shorter time frame it has shown good technicals relative to its 50 day. Are you using simple MAs or exponentials? I always use smas.
Also its earnings have continued to impress, even during the big crash and since then, even during the "europe/the world is slowing down."
I agree some Dow Theory folks suggest we are in a bear market. I do not believe one has been signaled. But I am getting impatient with the transports.... :)
Economics 101: Little Return Without Risk [View article]
Nice article. Being on the right side of generational-length macro trends is THE way to generate wealth for yourself and your heirs.
Tony: "I learned that government spending stimulates the economy more than private spending because the government spends every dollar while the private spender save some of his money--just sayin."
That is a different issue. The idea that gov't spending actually "stimulates " the economy is so widely discredited, it is not surprising that it only thrives in economics textbooks written within 100 miles of Washington, and media lapdogs such as CNN or NPR.
Here is a proposal. Let the FED calculate the interest payments lost to retirees and savers, as well as the loss of purchasing power thereof from inflation, as a result of its ZIRP. They can send them the money as an end of year Xmas bonus.
Last time I looked it was calculated at 9 trillion. Pocket change for this government.
Transportation Indexes And ETFs Should Be Broadened [View article]
In the true spirit of reconciliation which people hope emerges to solve the fiscal cliff, let me say I both agree AND disagree with your letter.
Sure my suggestions are heterogenous. But goodness gracious look at the companies listed as industrials.
In addition, just because a company is in the Transports, doesn't mean it can't be in a subgroup. The industrials do: Disney is a media stock; Caterpillar an agricultural stock, etc. The essential point is that they transport something of value, without ever really owning the materials they send. So yes the pipelines could be in an energy index or ETF; but they are still tranportation stocks.
AT&T and Verizon sure don't fell like transportation stocks, do they. Yes what do they make? Nothing. Sure they make (or subcontract) making of lines and wires and phones, etc...but then again, the railroads make cars and tracks; The wires are just to enable the signals to travel; much as the trackage is designed to carry passengers.
Dow based his Industrials/Transports... by looking at the general types of companies that we needed in order for our economy to run. Goods had to be produced; the goods had to be shipped; and the the factories need power to run. But even HE realized services could be shipped (western union).
Out of respect to MANY MANY Seeking Alpha writers, I daresay almost ALL of them know more than the Fed, or at least, THIS fed. Interest rates at zero...what a wonderful way to reward the local, state, and federal governments, and the profligate borrowers, who got us into this mess to begin with.
And simultaneously to impoverish the elderly, the savers, the ones who lived for decades within their means.
Phosphorus: The finite supply of it is why Jeremy Grantham predicts a grim future for much of the world's population. As production of the critical ingredient for fertilizer drops, so will crop yields, which will threaten the ability to feed the world's population. Grantham thinks the finite supply of fertilizer and limits of crop yields already are starting to affect food prices. [View news story]
No shortage of horse, cow, pig and other poop...was fertilizer for millenia.
Keynesian economics and "fiscal stimulus" or fiscal policy was exposed as a fraud by the end of the 1930s. Government intervention in the economy (NIRA, etc) and the rule of law (stacking the supreme court, etc) stymied what would have been a severe recession into a prolonged depression.
After surging yesterday on news that China's government would double its spending on the industry, Chinese solar stocks are suffering the hangover today: CSUN -10.3%, JASO -5.4%, STP -5.4%, JKS -4.6%, LDK -4.1%, SPWR -4.1%, TSL -1.6%, YGE -0.5%. These companies are still far from being profitable - and what the government giveth, the government can taketh away. [View news story]
Jobless Claims Settle Back Down [View article]
Oops i can't boycott the feds. How sweet.
Intel Option Volatilities Say: Don't Buy Yet [View article]
Jim Rogers turns bullish on Russia (RSX) for the first time in his career, believing Putin and the government have changed, and the country's gigantic potential is set to be realized. Of note are transportation routes, which could save time and money in getting goods to Asia by land rather than by ship. "It would ruin Singapore." [View news story]
Jim Dude..I lived in Irkutsk for 2 years in the mid 1990s. They were trying to develop the TranSiberian railway then, and spending alot of money doing it.
TranSiberian is a great orchestra, enjoy their Christmas music. It'd be faster to get goods across Russia using your motorcycle. Singapore has the rule of Law. What does Russia have?
The Keynesian Depression [View article]
Chevron (CVX) hopes to see a moratorium on hydraulic fracturing lifted in Romania, and weekend elections could determine whether the country will allow foreign oil companies to go ahead with fracking of its sizable shale deposits. Anti-fracking sentiment is strong in Romania, and CVX stands to lose its existing exploration rights if the new government doesn't play ball. [View news story]
Transportation Average Upside Breakout? An Update [View article]
Also its earnings have continued to impress, even during the big crash and since then, even during the "europe/the world is slowing down."
I agree some Dow Theory folks suggest we are in a bear market. I do not believe one has been signaled. But I am getting impatient with the transports.... :)
Economics 101: Little Return Without Risk [View article]
Tony: "I learned that government spending stimulates the economy more than private spending because the government spends every dollar while the private spender save some of his money--just sayin."
That is a different issue. The idea that gov't spending actually "stimulates " the economy is so widely discredited, it is not surprising that it only thrives in economics textbooks written within 100 miles of Washington, and media lapdogs such as CNN or NPR.
The Fed's Next Step [View article]
Last time I looked it was calculated at 9 trillion. Pocket change for this government.
Transportation Indexes And ETFs Should Be Broadened [View article]
Sure my suggestions are heterogenous. But goodness gracious look at the companies listed as industrials.
In addition, just because a company is in the Transports, doesn't mean it can't be in a subgroup. The industrials do: Disney is a media stock; Caterpillar an agricultural stock, etc. The essential point is that they transport something of value, without ever really owning the materials they send. So yes the pipelines could be in an energy index or ETF; but they are still tranportation stocks.
AT&T and Verizon sure don't fell like transportation stocks, do they. Yes what do they make? Nothing. Sure they make (or subcontract) making of lines and wires and phones, etc...but then again, the railroads make cars and tracks; The wires are just to enable the signals to travel; much as the trackage is designed to carry passengers.
Dow based his Industrials/Transports... by looking at the general types of companies that we needed in order for our economy to run. Goods had to be produced; the goods had to be shipped; and the the factories need power to run. But even HE realized services could be shipped (western union).
Tax Share By Bracket: An Update [View article]
The Keynesian Depression [View article]
And simultaneously to impoverish the elderly, the savers, the ones who lived for decades within their means.
Phosphorus: The finite supply of it is why Jeremy Grantham predicts a grim future for much of the world's population. As production of the critical ingredient for fertilizer drops, so will crop yields, which will threaten the ability to feed the world's population. Grantham thinks the finite supply of fertilizer and limits of crop yields already are starting to affect food prices. [View news story]
The Keynesian Depression [View article]
Keynesian economics and "fiscal stimulus" or fiscal policy was exposed as a fraud by the end of the 1930s. Government intervention in the economy (NIRA, etc) and the rule of law (stacking the supreme court, etc) stymied what would have been a severe recession into a prolonged depression.
Car Sales Surge [View article]