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Moon Kil Woong

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Latest  |  Highest rated
  • Words Of Gold From Warren Buffett [View article]
    Don't look at his words, look at his actions. He is championing higher estate taxes exactly when he creates nonprofits to siphon money to his kids that run them. Likewise, other smart wealthy people are creating nonprofits to do the same. Sure some portion of it goes to actually helping some "cause" or another but in reality all the causes need nothing close to the hundreds of millions shoveled into them and nothing close to the amount put into them is spent helping people.

    In reality, Buffet is still playing his old game of breaking wealthy estates with taxes so he can buy companies on the cheap from them while trying to create a new nonprofit tax dodge for his kids. I hope the whole family gets investigated for fraud because of it someday. It would serve Buffett right.

    As for his statements about gold, for someone who doesn't invest in it he sure makes a lot of noise about the yellow stuff. I suppose its because an estate with a lot of it can just sell a portion of it to pay the estate taxes depriving Buffett of an easy discounted buyout of a family business or property. he would much prefer if estates have no money and/or pay for insurance through his companies.

    Owning capital and liquid assets are good. Buffett owns a lot of it . Don't believe the hype that you should pour it all into a risky "productive assets or mutual funds". Hogwash, a capital cushion keeps away the parasites that want to feast on you and your family.
    Apr 8 04:59 AM | 15 Likes Like |Link to Comment
  • Market Conundrum [View article]
    When people worry about a under 5% drop in the market that really means that there are people who shouldn't be in the market and can't understand the real risk of owning stock. When or if the Federal Reserve acts on this, that means that they can't cope even with the mildest of downturns which makes sense because they can't significantly lower rates (they are already at zirp for banks) or do much else (QE is being tapered already because fewer and fewer people want to hold a security that the auctioneer has to fix the price on and yields about squat which is certainly more than the devaluation the currency will undergo).

    I would be skeptical owning anything but companies with strong cash flows which are non of the above companies. Too many companies are trying to report earnings with accounting games but can't even finance their own growth or generate meaningful positive cash flow. American Airlines will have to upgrade its fleet over the next 10 years and will undoubtedly have to beg for more money to do so if not join other airlines if the economy fails in asking the government to bailout this cash flow gobbling industry that likes sucking up taxpayers money for any business excuse they can get (union costs are too high, oil is too high, the economy went bust, we blew all our money in expansion, and if you don't we will shut down our service and void all our frequent flyer credits).
    Apr 8 04:47 AM | 4 Likes Like |Link to Comment
  • Is Inflation Next? [View article]
    I think the question is wrong. The real question is growth dead and the answer is looking like yes thanks to a strong move towards government and a managed economy based on unsustainable deficits and monetary policy that flies in the face of capitalism and rationality.

    Indeed interest rates are rising but not because of inflation but simply because there is less and less investors willing to lose money buying our treasuries for what some call "safety" but in reality is because there is little else to buy. This is the same thing that hit England when it's global empire collapsed due to the fact they made absolutely nothing and demanded everyone use their currency and pay exorbitant taxes.
    Apr 7 08:50 PM | 9 Likes Like |Link to Comment
  • Can LinkedIn Reach 500 Million Unique Monthly Visitors? [View article]
    "the company has virtually no direct competitor." Patently false. LinkedIn is nothing more than yet another temporary/job placement agency with a do it yourself resume posting website wrapped in social media hype. What it is doing is not new or novel besides getting people to pay to do their own work (entering employment data and trying to find a job).
    Apr 7 08:35 PM | 2 Likes Like |Link to Comment
  • Partying Like It's 1999 [View article]
    Mass IPOs, bond issues, and mergers are a sure sign of a market that is topping and is overvalued. Don't take my word for it. Watch and see or look at 1928-29, the dot com crash, and 2006-2007 or just about any market top before a meltdown. I prefer to learn vicariously, what about you?
    Apr 7 08:31 PM | 1 Like Like |Link to Comment
  • Consumer Credit jumps $16.49B in February [View news story]
    Yay, does this mean a recovery or just that we have finally run out of savings again and are spending debt just to keep up with our current bad overly excessive spending habits. Pray tell, it's not the latter because the Federal Reserve says its the former and the government says debt is great (eat more and choke please).
    Apr 7 08:28 PM | 2 Likes Like |Link to Comment
  • Downstream Of Labor - Cycle [View article]
    Straight lines are often the telltale signs of a manipulated market or statistic. Reality does not often favor straight lines, especially when there is a lot of uncertainty. That's why there is no such thing as a straight line in all of nature.
    Apr 7 08:26 PM | 1 Like Like |Link to Comment
  • Upcoming Sallie Mae Spin-Off Holds Promise For Investors [View article]
    Sadly it is likely the government will try to throw more taxpayer money after it to try to prop it up claiming they are trying to save "poor student victim" from being deprived an education at a reputable college while avoiding the real victims which are the students getting ripped off by unsaid disreputable ones.
    Apr 7 08:21 PM | 1 Like Like |Link to Comment
  • Google's Opportunity: A Backdoor Into Your Ecosystem [View article]
    Chrome like Explorer reached domination in browsers by monetizing something else and offering itself for free. To me that's not business genius and beating up on a nonprofit solution (Firefox) doesn't show awesome skill either.

    As for Google ruling TV, certainly the Google dongle was a more elegant solution than Apple TV. We will see if they keep up the same path. I would be more worried about Google on my TV feeding them data about me than even Microsoft, so it would have to be close to free. Google do no evil stigma has worn clear off. They do evil and a lot of it just like all these other guys who want to invade your privacy, monetize you, and sell or use your personal data (Microsoft, Facebook, LinkedIn, Apple, etc. they are rich for a reason).
    Apr 6 09:48 PM | Likes Like |Link to Comment
  • Momentum Nosebleed Puts Market In A Nosedive [View article]
    Anyone owning ridiculously overpriced stock like these should be ready for mere 5% corrections. I see nothing here but a jolt towards some level of sanity (but not much). It has nothing to do with those companies sporting low teen PEs and moderate growth.

    Shareholders in these types of stocks at these levels deserve what they get for being ignorant and/or playing the greater fool game. Call me when non-speculative stocks start buckling.
    Apr 6 09:27 PM | Likes Like |Link to Comment
  • Upcoming Sallie Mae Spin-Off Holds Promise For Investors [View article]
    The government should reverse the rules that block those who get student loans from clearing the debt under bankruptcy that they created to protect the taxpayer from fraud.

    Also, Sallie Mae or whatever creation they make must determine risk and loan accordingly. By loaning to almost anyone for ridiculous amounts they have not only created huge inflation in higher education, encouraged fraudulent schools trying to get the loan money (like Trump University), and created overcrowding in public education, but they also are making a mockery of the loan industry boasting as much as 20% delinquency rates and garnishing wages on people who never had a job and can't get one with a degree in no name universities that offer no opportunities after they take the loan plunge.

    All I see when looking at student loans is the utter devastation that happens when the government sticks their dirty fingers into a decently run business segment (in this case higher education) because they want to give higher education to everyone without paying for it by offering them loans they can't afford and can't get out of.

    It is the same thing all over again just like the government's attempt to give everyone a home by trying to get everyone to buy houses they can't afford through Fannie Mae and Freddie Mac. We know what happened there. Next thing you know they will try it with healthcare... lol.
    Apr 6 09:24 PM | 5 Likes Like |Link to Comment
  • The Treadmill Market - Jogging In Place [View article]
    Wrong and wrong.

    Unemployment is not resilient or getting stronger save a seasonal blip. Look at participation rate and not nerfed unemployment that is better partially because they don't have extensions anymore.

    Housing is declining not rising. Look at actual sales and new home sales. Starts is a lagging indicator and is based on the endless silliness of construction companies and banks willing to lend to them to build even more excess inventory. Actual sales have been trending down over 5 months and prices are the next shoe to drop. The only thing holding them up is the synthetic selling of higher priced homes to spike the average price and hide the slipping sales of prices with comparable square feet etc.

    Last the stock market isn't rising on greater profits, its rising on share buybacks and rising bond prices which takes in bond flows. Usually this is overdone since the bond market is very large a nothing can really push up stock prices after the flows slow.

    If we were jogging in place we are now jumping to try to keep up, but that will lead to us falling down and sliding off the treadmill.
    Apr 6 06:34 PM | Likes Like |Link to Comment
  • Sell-Off Overdone: Dice Now Undervalued By 17% [View article]
    Dice is still not cheap. You are still paying for growth. As for Linked In etc. for some reason people think recruiting is a new business with unlimited growth potential. It is not and Linked In is still really just a recruiter when it comes to revenue, not a social media behemoth.
    Apr 6 05:23 PM | Likes Like |Link to Comment
  • You Can Afford To Protect Against Bear Markets [View article]
    Another good rule of thumb is to start mildly hedging after any economic cycle hits 4 years, moderately hedge after 5 years, and heavily hedge after 6 years because any cycle that lasts this long is more than likely manipulated by the government and or the central bank because of a belief real/or imagined that the economy can't stand on its own two feet and can't handle and economic downturn of any sort.

    Of course, no economy can handle the big economic downturns of a blatantly manipulated market thus making the government/central bank the biggest systemic risk of all, especially if they divorce the market so far away from true capitalism they make the economy look like it's run by Carl Marx.
    Apr 6 12:21 PM | 5 Likes Like |Link to Comment
  • HFT, QE... Does Anyone Know What's Going On? [View article]
    I think informed people are not against HFT insomuch as trading at speeds that deprive the investor of trades, fair pricing, and information. When this happens front running is the least of our worries, in effect the market is completely hijacked by transactional machines that are not letting people see the real market.

    Right now HFT can see your bid in 1 exchange, trade in 1/1000 of a second at a lower price on another (say they can get only 150 shares), flash sell you 100 shares and then more the price up with a sell price 5% higher with 24 shares and 24 shares on the offer 5% higher than that using the 24 share sell as a signal to other computers that you're JP Morgan and not to mess around with them or they will try to rake you for getting in the way (machines are great at picking up signals and thus you can claim complete ignorance), and then with your free 995/1000 second you can isolate the fool by buying up all the lower cost shares on every other exchange and research the buyer to see how big of a fish he really is... all while you count up your profit.

    Of course, often you are barred from this because the fish's broker, knowing he's a nobody decides to execute the guys order themselves or through their partner that gives them a piece of the action or has paid them in advance for the rights to rape them before it even hits the exchange.

    There is a reason individuals increasingly don't buy stock anymore. If this sounds like it's systemically rigged... that's because it is.
    Apr 6 12:14 PM | 7 Likes Like |Link to Comment
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