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  • Wall Street: Dumb as It Ever Was [View article]
    Superb. Love the photo.

    "I'm with stupid" is something all the Bank of England MPC members can say during meetings.
    Nov 9, 2009. 11:53 AM | Likes Like |Link to Comment
    More strong analysis. Great work.
    Nov 9, 2009. 11:50 AM | Likes Like |Link to Comment
  • Deconstructing Unemployment [View instapost]
    Very useful thanks.
    Nov 9, 2009. 11:22 AM | 1 Like Like |Link to Comment
  • And Bernanke Didn't Think Unemployment Would Reach 10% [View article]
    Great article. The U-6 measure is fascinating. Thanks.
    Nov 7, 2009. 03:59 AM | Likes Like |Link to Comment
  • Tibman's 'The Murder of Lehman Brothers' [View article]
    "The Murder of Lehman Brothers"??

    Lehman Bros. wasn't murdered. It committed suicide via an overdose of greed and financial risk ignorance.

    The financial world is a better place without it. Look at it as a Darwinian process of weaning out the truly stupid.
    Nov 7, 2009. 02:57 AM | 2 Likes Like |Link to Comment
  • Buffett's Burlington Buy Is Really a Bet on China [View article]
    Good article, but the "bet" is on the US consumer isn't it?

    Ok, I agree much of the goods transported by rail from the US ports will have been imported from China but you still need a recovering US consumer to buy them.

    And I think China can get it's coal and wheat a little closer to home than the Mid-West - Australia. Which is why it is already firmly in recovery mode with 2 rate hikes in a month benefiting from Chinese growth of 8%.
    Nov 6, 2009. 06:32 AM | 6 Likes Like |Link to Comment
  • Lack of Selling Pressure a Positive Signal [View article]
    Great article and comments thereafter. I learn something everytime I visit this site.
    Nov 4, 2009. 01:56 PM | Likes Like |Link to Comment
  • Today's FOMC Meeting: Extended Life Support for Markets? [View article]
    The mess is deeper than the 8-month rally implied. Only yesterday here in the UK the government increased its economic interest in Royal Bank of Scotland to a potential 84%.

    There is a consensus that the UK banks have so far only written down 40% of the losses they should have.

    It's too early to cut rates in the UK or US, that's for sure.

    Nov 4, 2009. 01:42 PM | 1 Like Like |Link to Comment
  • 128 of the Top Financial Blogs [View article]
    And if any of you actually take the time to read most of these blogs... you need to get out more.

    Surely 5-6 great blogs is enough?
    Nov 4, 2009. 08:07 AM | 3 Likes Like |Link to Comment
  • The Entry Point Market Investors May Be Missing [View article]
    Excellent article.

    Equities were due a correction. The rally since March was relentless but much of the progress was driven by liquidity, not fundamentals.

    When that liquidity and stimulus is drained from the market the US consumer needs to step up to maintain growth. However the danger of a double-dip has been understated as we still have unemployment at 9.8% and many consumers need to rebuild their personal balance sheets after a decade of low savings, high spending (via borrowing).

    So whether you look at technicals or fundamentals a retreat was inevitable.
    Nov 4, 2009. 05:01 AM | 3 Likes Like |Link to Comment
  • Increased Consumer Spending Does Not Make Us Better Off [View article]
    If the increase in consumer spending comes from increased earnings then it is positive.

    If it comes from debt then at best it is just borrowing from future earnings and creates inflation.

    That is why we still have deflationary pressures. The economy is paying for a decade of low savings, and consumer spending at inflated levels due to borrowing. It will take at least 5 years for consumers to rebuild their balance sheets and let's not forget 9.8% unemployment.

    Excellent piece on ongoing deflationary pressures here:
    Nov 4, 2009. 04:52 AM | 2 Likes Like |Link to Comment
  • S&P500 Trend Line Support Broken: What's Next? [View article]
    Great article thanks.

    Markets are due a correction. The rally since March went too far too quickly.

    Also, much of the rally is liquidity driven, not from fundamentals or earnings.

    Elliott Wave did a good report on the relationship between US equities and earnings which is worth a read:
    Nov 4, 2009. 04:47 AM | Likes Like |Link to Comment
  • Gold Fever Spreads to India [View article]
    It's not just China and India buying physical gold, these guys are selling physical gold to retail investors who don't like replicated exposure via ETF's: 18 tonnes and counting:
    Nov 3, 2009. 03:23 PM | 2 Likes Like |Link to Comment
  • The Intrinsic Value of Nothing, Part 2 [View article]
    I think the market "laws" you refer to are at home in a text book. I see little rational behaviour in real markets.
    Nov 3, 2009. 08:23 AM | 2 Likes Like |Link to Comment
  • My Trip to Russia: Energy Resources Look Appealing [View article]
    Good article thanks. I think Russia is unique in the BRIC basket.

    There are geo-political influences that pushed down Russian stocks (Georgia, etc), but I think we will not visit the lows of later 2008, early 2009.

    Here's a tidy piece by Elliott Wave that analyses the technicals of the market as well:
    Nov 3, 2009. 08:13 AM | Likes Like |Link to Comment