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There are only two things in this world that I can't stand...people who are intolerant of other people's cultures, and the Dutch.
  • Obama And Bonds 19 comments
    May 3, 2009 5:14 PM

    Has it occured to anyone in the Obama administration that screwing bond holders will screw the working man? Who, in his right mind, would invest in the bonds of any company that employs union workers now?

    Now I don't hold a degree in economics, but I do know how to make money in the markets. And, the first lesson that I ever learned was to weigh the risk/reward ratio.

    For example, if Caterpillar came out tomorrow with a bond offering to build a new factory that would employ hundreds of union workers, would you take a mere 10% return, knowing that the President of the United States might decide to screw you out of your investment? How about 12%? How about 20%?

    What Obama's cheering minions don't get is that his populist actions are preventing capital from being formed. Sadly, they'll never read about the job that was never created for them because of this incredibly myopic leadership.

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  • Nat gas seems to be getting restless too.

    I think you're right about gold but I'm sitting tight until we resolve.

    Take care.

    12 May 2009, 08:49 AM Reply Like
  • Top 10 what?
    12 May 2009, 01:31 PM Reply Like
  • Could not agree more, yellowhoard. I like your stuff! Keep up the good work. A lot of people out there still asleep.
    14 May 2009, 11:36 AM Reply Like
  • Thanks Sniper.

    If I didn't vent here every now and then I think my head would explode.
    14 May 2009, 04:48 PM Reply Like
  • You guys keep me thinking with a level head, thanks. Those asleep drive me nuts also. The thumbs down remarks when the clear truth is expressed just doesnt make sense. Thier $ loss our gains.
    14 May 2009, 04:56 PM Reply Like
  • We call it like we see it. Thankfully I day trade so none of this makes much difference. If I was predominately a swing or position trader I would have blown my brains out already. What keeps me sane is being as prepared for what is coming as possible.
    14 May 2009, 05:49 PM Reply Like
  • YH: I see you are top 10 now.

    The question arises as to whether there is an Insurance ETF and who is in it?

    Home Depot's Chairman acquired some 100K plus shares in late March, This is his Largest Holding Ever. They report earnings next week. Green Palm Tree anyone?

    Oil down? It usually declines as a Contract expires.
    16 May 2009, 03:24 AM Reply Like
  • Freya,
    I think the current pandemic is overstated. It's my understanding that any flu kills one or two per thousand.

    However, this thing could mutate into the winter months and be a beast at that point.

    One Eye,
    WooHoo. I'm #10!

    In my wife"s eyes, I'll always be #2 though.
    16 May 2009, 02:12 PM Reply Like
  • Well deserved as well, I might add! Ditto that wife thing. Been through two of them, so far. LOL
    16 May 2009, 02:20 PM Reply Like
  • I almost think it would be a good thing to get the virus now before it becomes more deadly.

    The Japanese are notoriously paranoid about germs.

    Having spent a very dirty childhood and having raised two kids, with all the childhood colds and flu that goes with it, I feel pretty immune to most anything. It would do the Japanese good to let these bugs run their course.

    I suspect that the reason this thing killed more Mexicans, mostly indian decent, than Caucasians is the European immunity to a wide variety of bugs. Nothing like hundreds of years of disease to strengthen the herd.
    18 May 2009, 03:33 PM Reply Like
  • Now that the swine flu has broken all possibility of quarantine, we won't hear any news in this country. Especially if it becomes something to be concerned about; right now I agree that getting it is better (to gain SOME immunity against the gene reassortment before it does get nasty.) It's actually better for all if we just let it roll- nature has a funny reaction when it gets pushed into a box (that could cause the morbidity/mortality to spike dramatically as the virus has to "find a way" to survive).

    18 May 2009, 03:54 PM Reply Like
  • "What Obama's cheering minions don't get is..."

    ...a very, very, long list.

    As I am a complete Austrian fan (and ready for a stateless opportunity...you may call it anarchy), I believe the best friend any working man ever had was a follower of Mises. No, the great American voting block will not realize the unintended (I'm being charitable here) consequences of Obama's policies...or the resulting tragic Republican policies when they get tossed back in the chair as part of "change".

    Until "populist" means "free market", I'm betting on things getting worse.
    18 May 2009, 04:32 PM Reply Like
  • Lots and lots of folks taking physical delivery these days. The Arabs are bringing it home from London. The Chinese are preparing for war, financial war that is.

    I saw a CDC article on Drudge last night. They are srill worried.

    I don't know who is doing it, but someone is gunning my score and archmans score up. I checked in last night and archman had jumped ahead of me out of nowhere. Then I vaulted ahead about 60 points. Then, this morning, archman was way ahead again.

    Although I'm flattered that someone is giving me thumbs up (and apparently archman too) please only do it if it is worthy.
    Thanks.
    19 May 2009, 08:50 AM Reply Like
  • All posts are worthy in the eyes of the ones that leave them, otherwise they wouldn't be there.

    20 May 2009, 05:27 AM Reply Like
  • So, how best to position oneself for the apocolypse?

    I would think that millions of dead would be deflationary.
    20 May 2009, 08:46 AM Reply Like
  • Thanks loads, I really needed that to liven up my day.
    22 May 2009, 10:59 AM Reply Like
  • YH/Freya: Got one for ya. TGB, Taseko Mines. Take a look at the Chart on this baby.

    Since my Daily Copper Inventory hasn't been satisfied for a while: LME Copper Inventory now down to 326,000 tonnes.

    I've never seen anything like this, 220,000 Tonnes has literally vanished in 3 months.

    TGB is Copper and was highly profitably. Has a promising Gold property as well.
    28 May 2009, 02:21 AM Reply Like
  • I have a friend in local 46 a NY Iron workers Union. He was told by his superiors to vote for Obama. Because hes so brainwashed and didnt want to vote for him,he didnt vote at all. These unions are sucking the life out of once great companies. How many bailouts did GM get and it still went bankrupt. That money went from the printing presses directly into the pension plans of the overpriced employees. The democrats protect them and the unions put them in power its an alliance of destruction.
    22 Jul 2009, 04:45 PM Reply Like
  • YH: is that it, nothing more? Are you Waiting for Godot?

    I'm waiting for the Rulings from the Bankruptcy Judge.
    If he rules according to case law, he won't be nominated for the Supreme Court.

    I've a new one too.
    4 May 2009, 04:13 PM Reply Like
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