Seeking Alpha

SW Richmond » Comments » CEF

  • No Words from the CFTC About the Regulatory Elephant in the Commodities Room [View article]
    Until such limits are imposed on the monetary metals this CFTC remains on Madame deFarge's "list".
    Aug 21 20:34 pm |Rating: +3 0 |Link to Comment
  • Has the Dollar Hit a Major Bottom? [View article]
    The dollar WAS ready to crash. QE, and the promise of Fed intervention, was the only thing driving up stocks and holding up asset values. The timely ending of QE (September) ends the risk trade; asset values will suffer in order to save the Treasury market. It is a deliberate act. No one need consult any mystical charts to see the next leg down in stocks.
    Aug 17 07:48 am |Rating: +9 0 |Link to Comment
  • Program Trading, Dark Pools and Gold  [View article]
    SB-tiger

    First time accident, second time coincidence, third time suspect enemy activity.
    Oct 17 06:40 am |Rating: 0 0 |Link to Comment
  • Program Trading, Dark Pools and Gold  [View article]
    Let's talk fundamentals, it's always a good place to start.

    "Capital markets" were to be places where capital could be raised. This capital could be put to productive use by a company bringing useful products to market at a competitive price. When capital is used productively, enhancing productivity, living standards are raised. I know this is econ 101, but do any of you believe that Wall Street even remotely resembles what I just described?

    "Financial Services" is NOT a productive endeavor; it is skimming wealth from a cash flow stream. Capital markets CAN provide, or help to provide, productive capacity. But does market-moving hedge fund activity and the day-trading that feeds off of it via TA really add anything to the productive economy? I don't think so. To some extent short selling and other negatives add efficiency by detecting and exposing weakness, but some players are big enough to move markets, or market issues, by sheer size. The fact that they do so to their advantage and get away with it makes the markets a crapshoot and NOT a place where businesses can safely raise capital. This also renders the markets NOT a safe place where small investors can "invest" in the future.

    There is so much obvious manipulation and cheating in these markets, and inaction by "regulators", that it's just not safe to play this game. Too many sophisticated ways for big money to game the system.

    Once I figured this out I took my money and went home (in October of last year, by the way, DOW 13,000). I won't be back.
    Oct 16 17:03 pm |Rating: 0 0 |Link to Comment
More on CEF by SW Richmond
Comments by Ticker
AA, AAPL, ABB, ABK, ABX, ACA, ACWI, ADE, ADM, AEP, AGG, AGIGF.PK, AGQ, AGU, AHBIF.PK, AIG, ALL, AMAT, AMGN, AMR, AMZN, ANDE, APA, ASBC, AU, AUY, AXP, BA, BAC, BAL, BBBY, BBT, BBY, BCS, BEN, BHP, BIV, BJ, BKF, BND, BNI, BP, BPOP, BRK.A, BSC, BWX, BX, BXP, BZH, C,
SW Richmond is a
Top 50 Commentor
777 comments
Rating: 1704 (2485 - 781 )