Seeking Alpha

George Kesarios » Comments » SPY

  • U.S. Consumers Are Changing Habits and Lifestyles [View article]
    To be honest, I am also not that optimistic that Americans will change their ways soon. However, I do believe in market forces and if a recession or high debt levels force them to change then that’s good enough for me.

    Having said that, I do agree with Carlos Lam that we need to see more data.

    I also agree with the points made by RiskReturnOptimizer and also Donald Ingram that the savings rate will be high for many many years.
    May 27 02:13 am |Rating: +1 0 |Link to Comment
  • Credit Where Credit Is Due [View article]
    Peter I have long been very skeptical of the inflation argument. I have been afraid of deflation (especially asset deflation) ever since 2001.

    Why is it that everyone insists on inflation when we are in the middle of the greatest asset deflation of all times?

    Granted, your economic arguments are sound and I find myself agreeing with you, but why do you insist on inflation?
    Jan 18 08:49 am |Rating: +5 -3 |Link to Comment
  • What Is the New S&P Normal? [View article]

    I totally disagree. Earnings growth over the past several years is more a product of globalization than cheap credit.

    The concept of platform company is the main reason.

    Western companies have outsourced their production, so all that remains is R&D and marketing.

    They have become lean and mean (and remain so today) and that's why balance sheets (ex banks) are is so fine condition.

    I think that once we get over this credit mess, earnings will once again rise to record levels and maybe even higher.

    One can argue about the western consumer, buts that's another story.
    Dec 13 06:17 am |Rating: 0 0 |Link to Comment
  • Deleveraging: Entering a Period of Guerrilla Warfare [View article]
    Yes, when we are in a confirmed uptrend, However, we are in a period of very volatile times. Besides, the point is, that we dont know which are the good companies to hold at this point.

    In any case, you are correct in what you say, but there is no harm in being trigger happy in a day like today.


    On Nov 05 04:34 PM robert.b.ferguson wrote:

    > Buying and holding good companies especialy those with good dividends
    > is never out. Keep in mind that the market will go back up eventualy
    > and if you hold dividend paying stocks you will continue to compound
    > your gains. Most of the really big returns over the last twenty years
    > have come from compounding not day trading.
    Nov 05 16:52 pm |Rating: 0 0 |Link to Comment
More on SPY by George Kesarios
Comments by Ticker
George Kesarios'
Comments Stats
17 comments
Rating: 11 (38 - 27 )