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Latest  |  Highest rated
  • Pfizer: It Never Rains, It Pours [View article]
    PFE has been on a tear given its future current declining drug revenue expectations. Unless one believes FDA drug approval is fixed their future revenue is far from certain and is not predictable. Likewise, long term analysts expectations are close to asking a fly to land on a paper with random prices on it. The only difference is that the fly doesn't have ulterior motives in determining the price like the analysts do.
    Apr 10 02:18 AM | Likes Like |Link to Comment
  • We Have Finally 'Climbed Out Of The Jobs Hole'...Really? [View article]
    I seriously doubt the RN numbers. Most hospitals are already reeling from the problems from ACA and will be even worse when ACA bankrupts every state's Medicade program if not the whole state itself. Seriously, if the Federal government wants to offer healthcare they should do it on their own bill and do it right by implementing single payer to cut cost and red tape or just get out of the kitchen if its too hot, not burden states and businesses with the cost.
    Apr 10 02:10 AM | 2 Likes Like |Link to Comment
  • Fed Jawboning, Minutes Give Stocks A Lift [View article]
    Yawn, Yellen is dovish... like we didn't know that before. Like all her predecessors she will be dovish far too long (it's already too long even before her chairmanship) and will probably head up yet another disaster because of it which she will solve by being even more dovish (Just like Bernanke was and Greenspan was before him).

    Rally stock market because Yellen won't give you your money's worth on bond yields either and will reverse the taper on a moment's notice.
    Apr 10 01:51 AM | 2 Likes Like |Link to Comment
  • PC shipments fall less than expected; IDC, Gartner differ on how much [View news story]
    I doubt it. Intel is not paying much attention to this market and there isn't much of a driver to higher performance since no one wants to upgrade to Windows 8. Until Microsoft gets its act together Intel will suffer.

    I am more hopeful they will get some foothold in the mobile phone market but they need to reduce prices here rather than the PC space.
    Apr 10 01:43 AM | 1 Like Like |Link to Comment
  • New rules forces largest banks to hold another $68B in capital [View news story]
    It is not the leverage ratio that jeopardizes the banks and our financial system as much as it is the laws that let the avoid mark to market, hide derivatives transactions in black boxes, not report when the need to have the central bank backstop their loans, and allows them to directly invest and gamble in stocks, commodities, currencies, and derivatives.

    Banks were designed to provide loans and liquidity to the broader market, not absorb assets so they can take risk themselves. If they want to do that they should probably be limited to 5-10x leverage and forced to report their holdings monthly. Either be a business or be a bank. TBTF banks are not banks as we are taught they are and worse yet, their calamitous business model is all premised off of using taxpayer/government money to support them when bets go horribly wrong. In the meantime the US financial system limps along because TBTF banks are shirking their business and gobbling up banks that do actually provide banking services to those that want to borrow.
    Apr 8 08:41 PM | 2 Likes Like |Link to Comment
  • Bank Of America Still Does Not Cut The Mustard [View article]
    If they wanted a strong bank they would block them paying out dividends which not only hurt its capitalization, rewards executives which is just another backdoor way to pay them, and thumbs their noses at the taxpayer who will have to bail them out again while the smucks who cause the loss giggle over the fact they reap all the reward and pay none of the losses as a TBTF bank.
    Apr 8 12:44 PM | 2 Likes Like |Link to Comment
  • Is Inflation Next? [View article]
    The only reason interest rates aren't sky high from government debt already is because foreigners have bought it up. It is fundamentally correct, that in a closed economy massive government debt sucks up capital and deprives the greater economy of investment funds, especially since the same action eventually gives way to ever increasing rates and eventually runaway inflation even if there is no growth (Jimmy Carter days).

    We are living on borrowed time hoping foreigners will buy an ever increasing load of our debt and we can simply walk away scott free paying them rates that are lower than the currency devaluation we create through monetization and purposeful devaluation. Politics has nothing to do with it, it's economics. Keynesians should already see the limit of their follies through Japan and Greece, two wonderful studies of pure Keynesian monetary stupidity.
    Apr 8 05:08 AM | 6 Likes Like |Link to Comment
  • 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 | 3 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
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