Interesting Times'  Instablog

Interesting Times
Send Message
I find investments are very different and difficult in these extremely Interesting Times!! We hear whispers of manipulation. QE'S that have never been done before. Then we have a template experiment in Cyprus to see the worlds reaction. I just ask everyone to sit back and ask themselves "... More
  • Interesting Times For All Commodities And Investments!! Chapter 62........ 177 comments
    May 1, 2014 3:56 PM

    I will be listing those that participate their blogs to expand the horizon for us. We will have the blogs already running. But we now will have a few more..

    What started out as a small group discussing anything related to investing has grown extremely educational over the last few years !!

    We have Authors, Financial Advisors, Seasoned investors, Experts in specific fields, and just the average Joe pitching in...

    Folks.. we are growing and posters like it. If you are new to investing then this site is for you.

    HERE IS THE LINK TO READING MATERIAL !!seekingalpha.com/instablog/5038891-inter...-material

    HERE IS THE LINK TO THE CONSPIRACY CHAPTER #2!

    http://seekingalpha.com/instablog/5038891-interesting-times/2075322-interesting-times-for-all-commodities-and-investments-the-conspiracy-2

    HERE IS THE LINK TO THE PORTFOLIO CHALLENGE!!

    https://docs.google.com/spreadsheet/ccc?key=0Ak_sJAJpK7J4dHg3TkpoQW9pWVpDWlk3c0FHM2VzbHc&usp=sharing#gid=0

    HERE ARE LINKS FROM OUR PARTICIAPANTS. THEY TAKE THE TIME TO WRITE THEM AND ARE VERY KNOWLEDGEABLE

    John Wilson...
    Two part blog on Healthcare: First installment,
    The Healthcare Fallacy. I will take a critical and challenging look at the system we refer to as "Healthcare. "Here is a sentence from it:

    The US "healthcare" system does nothing to prevent disease or create personal health. The primary emphasis is on treating symptoms without understanding what caused the symptoms in the first place.

    Join me in questioning the established order. http://seekingalpha.com/instablog/776251-john-wilson/2380302-the-healthcare-fallacy?source=kizur_seekingalpha

    USER........"The current goal is a 8% portfolio yield, which in any one thing will be risky. I try to mitigate that by buying into lots and lots of small positions over time that meet that minimum. As interest rates rise, I will adjust the minimum yield requirement."

    seekingalpha.com/user/7415181/instablog

    ADAM GALAS......I'm running an interesting experiment of which is better long term, high yield/low dividend growth vs low yield/fast dividend growth. It's a long term, multi year project, covering 50 amazing companies and I'd like to invite your readers to take a look. Here is the Dividend Growth portfolio:

    seekingalpha.co...

    Found some amazing hidden gems in there. Most are small-mid cap, under followed, but for patient investors will crush the market.

    Then here's my high yield portfolio. I think you're readers will find it interesting. Yield is 8.8% and average dividend growth rate is 7.74% so still beating inflation.

    http://seekingalpha.co...

    OLD WARRIOR

    My Blog is about a method of maximizing yield above and beyond traditional "Buy and Hold" investing by using Market Makers hedging activities to ascertain the opinions of the people who have the most up-to-date information, and the deepest pockets; and need to use it to protect their 7 figure salaries. With the information gleaned, the active investor learns a new way of investing, that of building your own "ETF", and looking at it as a whole rather than at individual stocks. Disciplined investing that involves precise sell Price and Time Targets. This is a demonstration of the available Tools for the active investor. seekingalpha.com/instablog/1723621-oldwa...

    FOCAL POINT....Medical and overseas commentary.. a MUST look! His blogs have been around way longer then mine has. EVERYONE should take a peek and see how much information is supplied.

    http://seekingalpha.com/author/focalpoint-analytics/instablog

    Disclosure: I am long PSEC.

    Additional disclosure: OWN MUTUAL FUNDS AND SOME PHYSICAL METALS. COLLECTOR OF COINS AS A HOBBY!!

Back To Interesting Times' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (177)
Track new comments
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » Rankings Name Gain/Loss Portfolio Value Percent gain/loss
    *** 1st *** Econ. Analyst $75,317.86 $175,317.86 75.32%
    ** 2nd ** FearandGreed $17,320.61 $117,320.61 17.32%
    * 3rd * JohnBinTN $14,964.78 $114,964.78 14.96%
    4th User7415481 $13,201.26 $113,201.26 13.20%
    5th ExtremeBanker $10,694.07 $110,694.07 10.69%
    6th CWinn $8,628.44 $108,628.44 8.63%
    7th John Wilson $7,668.65 $107,668.65 7.67%
    8th Rinascimento $6,983.85 $106,983.85 6.98%
    9th CoinsK $5,656.68 $105,656.68 5.66%
    10th tommyinexile $5,029.45 $105,029.45 5.03%
    1 May 2014, 03:58 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    IT the fan base gets really disappointed when you don't make an appeareance on WSB,is your make up on ?
    13 May 2014, 08:27 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » So is anyone considering selling in May as the slogan goes ? If not what should the lurkers look to buy

     

    Mutual Funds ?
    ETF'S ?
    Individual Stocks ?

     

    Appreciate opinions for the lurkers. What seems hot right now is a question asked..
    1 May 2014, 04:06 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    We are getting disciplined and connected.Thank you IT.
    1 May 2014, 04:13 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » Borrowing a post from INDIANAMARK...

     

    "For years the American public has been fed propaganda disguised as news. A good example was yesterday's announcement that 1st Q. GDP was .1%. Today that was corrected to minus.1 to minus .3 %. What happened to all the happy news of recovery?

     

    The same applies to gold. 'Good news', 'bad news', gold goes where the daily traders want it to go. Who ever heard of a commodity's price set by HFT paper sales and not supply and demand? Case in point. 5:05 A. M. today. Drop over 2,000 contracts in one second and drop the price of silver to $18.78.

     

    While the price setting game goes on, our gold goes East. We still have gold? Ask Germany why we sent them 5 tons last year when they wanted 1,530."
    1 May 2014, 04:50 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    It's beyond communication breakdown,it's a melt up where leviathan's and behemoth's claw each other to pieces with numbers.
    1 May 2014, 04:58 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    Is gold setting a pattern of lower highs and lower lows? Should everyone sell it before it goes lower? Maybe in May?
    1 May 2014, 06:05 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » I find it interesting that analysis state they are waiting for the jobs number.

     

    If you are waiting for it then it has an importance where the markets go . That is a concern to be honest !
    1 May 2014, 06:15 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1906) | Send Message
     
    Unemployment rate drops to 6.3%! That's fantastic news! QE should be over by summer and interest rates can rise before November to soak up all the excess money.

     

    http://on.mktw.net/1lH...
    2 May 2014, 09:44 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » OAG

     

    "Our analysis of the household survey suggests the labor force decline was mostly due to fewer people entering the labor force than usual, rather than more people exiting the labor force."

     

    Yup, they really have this all figured out huh ? What a joke !
    2 May 2014, 12:57 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Numbers are crazy today,Bull trap ?
    2 May 2014, 01:07 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Go Administration Go ! Yes !
    4 May 2014, 09:54 AM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1906) | Send Message
     
    http://bit.ly/XwDWuf

     

    With 300,000 now retiring monthly, and the phase-in of ACA, there are a lot of positive take-aways in terms of our economy. To name a few:

     

    More job opportunities will exist for the 6.3% currently unemployed and the new group of twenty-somethings entering the work force for the first time.

     

    As for the well-invested portion of the 300,000 new monthly retirees, most will have extra time on their hands and with that spend more of their disposable income into the economy, moving accumulated retirement investments in the form of spending, into the recovering economy which will spark further economic expansion and yet more jobs.

     

    As we phase into ACA over the next few years at a pace that BHO/HRC decides to implement or modify this law over the rollout, the financially dependent retirees or those on long term or permanent disability, will be able to receive, at the discretion of the ACA program, things like "affordable-aspirin" in lieu of multiple and expensive medical procedures or expensive medications, saving the tax payers millions of dollars. In addition to these medical expenses saved on behalf of the tax payers, many of these people receiving ACA benefits under these circumstances, will also opt out early on receiving monthly retirement benefits via Social Security, saving even millions more for the tax payers.

     

    The wall of worry looks more appealing and less intimidating as the next phase of our nations history begins to take shape.
    5 May 2014, 02:08 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    As I stated elsewhere, wages will tell you the worker shortage or excess better than unemployment applications. Look for upward pressure on wages as trained people show demand or excess. There are your GDP producers.
    Ebay just settled with the Govt on non-poaching agreements with other tech firms to near $5m. They were agreeing to limit workers movements among the other (so far unnamed) conspirators.
    1 May 2014, 11:59 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    Gold steady to up.
    US stock indexes also steady to rising overseas as of Midnight Eastern
    DAX and FTSE up, Nikkei dn slightly.
    2 May 2014, 12:12 AM Reply Like
  • John Wilson
    , contributor
    Comments (2033) | Send Message
     
    Gold had a nice day for once, but it has not broken out to the upside yet - it is still range bound.

     

    It was so negative Thursday, just barely holding at 1280 that I considered selling all (SLW), (NUGT) and such, but I realized that as soon as I sold it would go up, so I didn't sell. The market must have thought that I was still going to sell, and turned and went up.

     

    It worked this time.

     

    Ukraine fighting erupts AFTER the May 1, the Marxist/socialist holiday. Important for US Marxists too. Ukraine is a struggle between US/NWO Marxism (socialism/fascism) vs Russian old school socialism.

     

    Our system requires all others to use the $USD in conducting international trade.

     

    The BRIC countries will align with Russia, particularly China. Europe will not be eager to follow the US into this. Germany depends too much on Russian energy.
    3 May 2014, 10:39 AM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    All the while we get nit picked and nickel & dimed by the "entitled".
    3 May 2014, 10:56 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    China is not always Russia's best friend. There were some very serious armed border clashes in the 60's, and some more quiet ones since. When it comes to economic issues, China will side with whoever they want more as a trading partner much of the time. I expect them to stay neutral.
    Germany, despite it's current energy dependance upon Russia, will never side with them. Remember that Libya is back online, and there are many fuel merchants around the North Sea. Germany will not side with Russia for the same reason that the Ukraine will not ask for German troops to come into their country even at Dire Need.
    WW2 is a lot fresher in that region of the world than most of us outsiders can imagine. Much of the "Eastern Front" fighting was within the Ukraine, Kiev especially. My Swede friend has given me many insights, even wishing that Sweden had joined NATO, as Georgia is on the "Fast track" to doing.
    Also remember that while POTUS may not stick to his "Redlines", most of the Euro NATO countries have more than enough will to defend ALL NATO countries, and together have a larger GDP than the US, and many have weapons to match our own.
    4 May 2014, 01:17 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Here is a short article about trade between Russia and the EU.
    http://bbc.in/1mshO0l
    Russia just might be a more important trading partner than the US for the EU and visa versa.
    4 May 2014, 03:28 PM Reply Like
  • John Wilson
    , contributor
    Comments (2033) | Send Message
     
    Russia and China, though not good friends, are esablishing trade agreements with each other to trade oil, gas or commodities directly without intermediate conversion to the dollar. This has already taken place. Russia is the closest and most convenient supplier of natural gas to Europe who already relies on Russian gas.

     

    They are not friends but they have a common annoyance in BHO. That gives them something in common.

     

    This is not like the first Gulf War where Bush fooled Europe into thinking we had a great common enemy that had to be destroyed. Europe is no longer going to jump on a war band wagon every time a US President gets a wild hair and blows the sanction or war bugle. I believe there will be fallout against the dollar as a result of this.

     

    Watch $USD on StockCharts. It is just above $79 support level. It is ready to fall through. Our great leaders are working on it.
    4 May 2014, 05:32 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    In combination some real digits where dropped in my neck of the woods,Friday,not sure what it means.
    It was some serious pullback,almost hurricane strength.But it does tell me this somthing is up for Monday may 5 and beyond.

     

    f
    3 May 2014, 11:11 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Hold on to your Gold,Chance.
    4 May 2014, 06:42 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    Gold up to 1305.5
    Dollar index rather flat at 79.52
    Ndq and S&P indexes down slightly overseas tonight.
    Markets likely open lower Monday
    5 May 2014, 12:08 AM Reply Like
  • John Wilson
    , contributor
    Comments (2033) | Send Message
     
    Just heading to work. Looks like the gold bears will wake up to what may turn out to be a gold big short covering rally. Likely to be a lot of short covering on the open - actually spiked to $1315. I have a couple of comments on it in Avi's last two articles.
    http://bit.ly/1lRni6v

     

    http://bit.ly/1lRnfHQ
    Going off to the Marketplace. Have a nice Monday.
    5 May 2014, 08:29 AM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Good morning,and for you also Sir.
    5 May 2014, 08:30 AM Reply Like
  • User 7415181
    , contributor
    Comments (1037) | Send Message
     
    JW,

     

    Hello. Do you still hold/trade (MORL)? I could not stomach its price swings, but I remember you were able to over the fall and hopefully profited when things turned around.

     

    I'm asking because I briefly owned (CEFL) which might be of interest to you if you're still interested in the leveraged income notes. Broader diversification - based on the performance of (YYY) which is based on about 30 cefs. Some I would buy and some I would not.

     

    I don't think I would buy cefl right now, but might consider it again in late fall with the usual end of the year cef sell-off.
    5 May 2014, 12:18 PM Reply Like
  • John Wilson
    , contributor
    Comments (2033) | Send Message
     
    User
    I did sell MORL as it looked like it hit a resistance level of 22.50, and I was looking for it to go down around $19. It is holding up at this time, but I plan to buy it back later. (CEFL) looks interesting, though it only has 6 months of history - must be a new fund. It looks to be fairly non-volatile and with a good yield. I will consider it for its yield and because it looks stable.
    Thanks
    5 May 2014, 09:21 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » The markets are waiting for something to happen..

     

    Gold got above $1300 again...
    5 May 2014, 03:43 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    The market smiled upon me today. :)
    5 May 2014, 04:22 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    I am not surprised Mr. Bin.
    5 May 2014, 05:21 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Mr IT how are you doing this evening Sir.
    So. Cal must really need water (CDZI).
    5 May 2014, 08:53 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    And today it frowned. :(
    6 May 2014, 04:11 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » Seems it has been this way all year..
    6 May 2014, 06:43 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    I think we do know the score.Yesteryear is gone forever.
    Hope this Ukraine stuff doesn't add to much more to it.
    6 May 2014, 06:49 PM Reply Like
  • John Wilson
    , contributor
    Comments (2033) | Send Message
     
    The Dollar is starting to break down now. Look at (UUP) on Yahoo,
    http://yhoo.it/1g6B283
    If gold looked like this, and it did resemble this picture of the dollar in 2012, Robert Wagner would be unrelentling in calling for it to collapse by another 40%. Voices like Wagner's are silent when it comes to the dollar and government policies.

     

    I think this is one of the biggest macro economic events that may be on the verge of happening. Gold could rise as the dollar breaks down - and gold has been rising.

     

    Another view of the dollar breaking down:
    Go to Stockcharts.com and put in $USD. On the verge of breaking through 79.

     

    (CYB) WisdomTree Chinese Yuan Strategy Fund, JUST bottomed 3 days ago and is moving now.

     

    disclosure: I have (FXA) and (FXC) both up a little so far and may add CYB. I am looking to hold at least 50% of my cash in other currencies.
    6 May 2014, 07:33 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    Which currencies would be safe if the dollar breaks down? Euro could be on war footing,
    GBP/USD 1.6975 1.6981 1.6971 -0.0004 -0.03% 1:40:35
    GBP/CAD 1.8491 1.8497 1.8482 -0.0003 -0.02% 1:40:26
    CAD/GBP 0.5409 0.5411 0.5406 -0.0002 -0.03% 1:40:19
    GBP/ALL 173.840 170.795 170.715 +0.080 +0.05% 1:40:28
    EUR/USD 1.3931 1.3936 1.3925 +0.0002 +0.01% 1:40:35
    EUR/ALL 142.660 140.160 140.040 +0.000 +0.00% 1:40:08
    Other than the dollar dropping to 79.16, currencies are barely moving.
    6 May 2014, 09:50 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (3777) | Send Message
     
    OW

     

    You can't go wrong keeping some (GBP) and (JPY) in yer hip pocket.

     

    GBP does well as safe haven and goes up with fuel.

     

    JPY reserves typically do well vs sushi and automobiles, and always hold their value against Udon.

     

    Avoid Rubles (RUB), VZ Bolivar (VEF), and pinto beans, lol.
    6 May 2014, 10:47 PM Reply Like
  • John Wilson
    , contributor
    Comments (2033) | Send Message
     
    OW
    Exactly the one I talked of in my comment. They are the ones turning around and will be going up as the dollar goes down.

     

    You could probable also add the Swiss Franc too (FXF), as the dollar will continue to its decline to zero against the Franc
    6 May 2014, 11:07 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    Market was good to my RLP today, DTV is still looking for another 5-7% upside.
    6 May 2014, 10:07 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    Pinto beans no, Soybeans-maybe not so bad. Pork and pork bellies even better as that virus spreads. looking at up to 10% loss of this years piglets. Virus only kills them within ~21 days post birth.
    I have a number of Farmer friends in Iowa. None of my friends have lost pigs yet, but some of the big confinements have been hit HARD.
    6 May 2014, 10:54 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    I'd blame the government for the pig virus, if I was the conspiracy type... Still hasn't affected pork prices here in SW Tennessee (knock on wood). Chicken and beef has increased more than anything... It promotes savvy shopping. :)
    6 May 2014, 11:24 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    The reason it hasn't hit prices yet is that producers are dumping their sellable hogs while they can, thus depressing prices. Once they have sold off their herds, (in up to 6 months); then the prices will spike as they go through the hogs that they have. The virus kills piglets up to about 3 weeks old. It takes 6-9 months to bring a hog up to the ~250 lb weight for sale. The current crop coming to market were born in 2013.
    The virus started in 2nd half 2013, but didn't spread into Iowa until around Jan.
    Figure that in about 1 month, pork prices will start going up fast as the farmers finish culling their herds. My best friend in Iowa works for "Iowa Select". He says some confinements are seeing 60% losses, while others have been at 100% loss for the last 8-10 weeks.
    The virus has not yet mutated to be a threat to humans, but the possibility exists as hog anatomy is close to human, and there is a history of things like Swine Flu (also surging now among hog confinements) that can transfer to humans. This virus was identified overseas ~15 years ago, but still no vaccine possible since it hits piglets in first 3 weeks. No time to build immunity.
    Statements that it has "Leveled Off" are pure Hogwash (pun intended) according to my buddy. He said that for the last month his operation has been gassing up to 1k piglets/day!!
    7 May 2014, 01:06 AM Reply Like
  • Economic Analyst
    , contributor
    Comments (3777) | Send Message
     
    Ouch! I had no idea this was going on. Stock up on wild caught salmon.(KR)

     

    http://read.bi/1jbvPkn
    6 May 2014, 11:14 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    Re. Hogs
    http://fxn.ws/1o4TwO1
    7 May 2014, 12:50 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » JBT

     

    Huge move today in your portfolio...HUGE !!!
    7 May 2014, 12:53 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    It is less than Monday's move up, but I'll take it. :) The market's fading away again, so I won't count today's chickens until they hatch.
    7 May 2014, 12:58 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    JBT SUPERSTAR
    7 May 2014, 01:44 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    I hate these parabolic market days... Nice on the ascent, not so much on the descent. :(
    8 May 2014, 03:25 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Barclays on Duk doesn't help,their goes that coal again.
    8 May 2014, 03:30 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    Yes - no love for the utilities today. :(
    8 May 2014, 03:34 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Still a good strategy for us all !
    The work horse.
    8 May 2014, 03:35 PM Reply Like
  • CWinn1970
    , contributor
    Comments (396) | Send Message
     
    Tell me about...(WEC) down big today for me.
    8 May 2014, 06:52 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    I feel your pain - (DUK) -1.33%, (LNCO) -1.99%, (COP) -1.41%. Anything energy related was fairly toxic today.
    8 May 2014, 07:17 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Bill Clinton feels our pain.
    9 May 2014, 05:22 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » (PSEC) owners may consider buying more at this discounted price.

     

    I am !!
    8 May 2014, 11:05 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    Cautiously holding, here.
    8 May 2014, 11:11 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Today was kinda mean street.
    8 May 2014, 11:16 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » We almost had Nationalized banks !!

     

    http://bloom.bg/RtjhtM
    8 May 2014, 11:59 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    “I did not view Wall Street as a cabal of idiots or crooks,” Geithner wrote.
    That's because he is an idiot and a crook himself!!
    9 May 2014, 12:24 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » OW

     

    People have no clue how close we came to a major problem..

     

    I have never met a non-crooked politician..
    9 May 2014, 12:36 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » So how's my Twitter implosion looking ?

     

    The *IT FIB* seems spot on,

     

    It stated in January that three things would happen.

     

    1) Twitter will implode

     

    2) The S&P will be lower at years end then at years beginning

     

    3) Gold will close 2014 HIGHER then it opened..
    9 May 2014, 12:45 AM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Good Morning Friends and citizens.
    9 May 2014, 06:50 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » SAY IT AIN'T SO.. Russia and China going to be buddies ?

     

    http://bloom.bg/1g4Ov5S

     

    Notice the limits on gold ??
    9 May 2014, 04:26 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    They don't want the Chinese to come in and strip mine the country. They (the Chinese) are like locusts, and care about one country, and one country only - China.
    9 May 2014, 04:33 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » Yup. But I wonder if Putin is starting to feel the heat he might do something foolish..
    9 May 2014, 04:35 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    I'm sure he is... That's why they supposedly pulled their troops back from the Ukrainian border.
    9 May 2014, 04:39 PM Reply Like
  • User 7415181
    , contributor
    Comments (1037) | Send Message
     
    Evening everybody on a worknight. As the resident Teddy Roosevelt foreign policy adherent, here's a blog I've come across in the last week that I tend to agree with.

     

    Has many useful links in the articles if you're curious to find out more in depth global news than what the radio or the AP is putting out about Ukraine, Syria or whatever you might be curious about.

     

    http://bit.ly/1lfoek0
    10 May 2014, 07:58 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    User,Moon of Alabama interesting.
    10 May 2014, 09:19 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1906) | Send Message
     
    I'm a little suspecious of the blog, User. Moon of Alabama, was written by a left-wing Socialist German composer for an Opera written by a loyal marxist german playwright, depicting their views of capitalism as a flawed social system, mocked in their production of this opera.

     

    And besides, yesterday's post on Ukraine, was written by a crook!
    11 May 2014, 12:07 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1906) | Send Message
     
    Sorry. Make that Crooke.
    11 May 2014, 12:07 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » ANYONE DISAGREE WITH THESE 5 STEPS FOR INVESTING ?

     

    http://bit.ly/QnNk4V
    9 May 2014, 04:42 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    I disagree with 3 out of 5 of those "rules".
    9 May 2014, 04:47 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » I think the article was written by someone who doesn't understand investing. I am on your side on this one:)
    9 May 2014, 04:49 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    1. Build a stock portfolio of 30 shares.
    2. Until you own at least 30 shares never buy more than $1000 of any share.
    3. Get online and get the stock picking tools of modern investing.
    4. Always pick stocks using charts.
    5. Invest in shares long term.

     

    Thank you IT.
    9 May 2014, 04:55 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » AL

     

    You agree with this ? I don't...
    9 May 2014, 04:57 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    If it achieve's an objective for someone(s) then it has worked for them,I view it as a template with latitude
    30 balanced shares long term is hard not to agree with.
    Starting at $30,000 and building into them compounded,
    Cha Ching !!!
    9 May 2014, 05:03 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    I can't agree with much of the 5, but maybe they are ok for the 25 year old just out of college.
    If you want to build wealth though, IMO you need to be a more active investor, using trades of a lot more than 1k, as you are giving up too much in trading fees if active.
    Over time there are often times to get more into cash or metals, followed by times to move into stocks.
    Charts may tell you part of the story, but ignore fundamentals at your peril.
    30 stocks spread you just too thin, making it hard to get out at times like late 2007-early 2008. 15-20 is plenty of diversification.

     

    If you really want to get rich, write an Amazon Best Seller and blow smoke ALL OVER EVERYONE.
    12 May 2014, 06:15 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    6. Don't get the Bank Pres. mad at you.
    7. The VP
    8. The Comp t.
    9 May 2014, 05:12 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    9. IT
    9 May 2014, 10:20 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    JBT what finally really got me was the unfortunate incident in Harlem.
    As for the rest of the structure their are mechanism being of public and national security.Investors help pay bills.
    10 May 2014, 08:14 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » I HAVE TO BE MORE CAREFUL WITH MY TOYS!!

     

    http://bloom.bg/1iB5vev
    10 May 2014, 09:04 AM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Be glad your in that percentile,us little guys have to be A LOT more careful.
    10 May 2014, 09:12 AM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    What do you think of the Idea the uts are being positioned foe a correction or a melt now that we don't have gold to pick on no mo.
    10 May 2014, 12:25 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Anybody get the sense that a correction is out their,5%,10%
    20% that I doubt,NE better stick together.Some hungry lunch goers out their.
    10 May 2014, 09:28 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    Hey IT,

     

    You and me can fiddle while (PSEC) burns. I think misery will enjoy company soon...

     

    If your so inclined, I think you may get an opportunity to back up your PM truck to (PSEC)'s dock before too long.

     

    I have very bad timing sometimes.
    10 May 2014, 09:30 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » JBT

     

    Look at the bright side. In 10 years you will break even :)

     

    Seriously though. If (PSEC) breaks below $10.00 I am adding .
    10 May 2014, 09:54 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    My 66.328 shares has a cost basis of $10.90/share. I'll be okay. ;) I won't be adding, however.
    10 May 2014, 10:09 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    It is complicated.
    Some of the talk out their put shivers in the spine.
    Per conversation and forget about them,guys are solid sweaty work horses and the pres is the lowest paid ceo comparatively,real white paper.
    10 May 2014, 09:34 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    GS knows.

     

    ED SO D...That's a play like (LINE),some ups and downs but line is ng & liquids and coupon to boot.
    CHK is still #1 and that's where even sf who's usually right yielded and kudos SA.The A Team !
    10 May 2014, 10:02 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    It was a nother red letter day for the Bailies.
    Don't need shades on this one now ya all.
    Dust yourself off
    and have a good weekend.

     

    in otherwords it's going large scale distribution by monthly revenue protected by law.
    10 May 2014, 10:27 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    The Advertising Dollar has gotten Vicious,Whew !!!!
    Hail dear HAL !
    11 May 2014, 07:01 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    Dollar climbing, gold down-same old yo-yo. Betting on the dollar to break 80 before the yo-yo yo's.
    11 May 2014, 10:32 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Like the back and forth motion of breaking a steel bar.
    11 May 2014, 10:37 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » So I went in to my Doctors office last week and he told me that Insurance companies have cut his pay close to 80% over the last year.

     

    No wonder most doctors are double and triple booking appointments. Some people are on time for their appointment only having to wait close to 2 hours to see him.

     

    Think things will get better ? I don't.....
    12 May 2014, 10:17 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    Some doctors have always done that. I remember the 2-hour waits (past appointment time) at the hack's office who did a knee surgery on me when I was 12. That was 32 years ago. :)

     

    Agree, though - all things medical will not get better until the current system blows up (which it will). I'm hoping for a reset back to sanity at that point, but I'm not counting on it. There's probably a better chance that things will just get worse.
    12 May 2014, 10:28 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » I have to agree with you. That Doctor convinced his son NOT to follow in his fathers footsteps. Convinced his son to be a lawyer instead. Said more money to be paid in that profession.

     

    Now that is a whole other conversation.
    12 May 2014, 10:36 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    In my many years in medicine, I can say that independent Doctors try very hard to stay on schedule. The trouble is that few are still independent. They work for HMOs Hospital groups etc.
    A friend just told me her Dr.'s HMO scheduled him appointments every 15 min, but he could not possibly stay on that schedule.
    I'm glad I got out when I did. Only emergent patients ever caused me delays.
    12 May 2014, 07:00 PM Reply Like
  • John Wilson
    , contributor
    Comments (2033) | Send Message
     
    A recent article asked: Is Gold About To Crash?
    Last night there was an attempt to run gold down when Asian Trading opened (Sunday night in the US) but it did not work. Gold went down to 1280 in the wee hours but then recovered to 1300 during the day.

     

    The gold bears are giving up. Robert Wagner has not published and anti-gold article since April 1 and it only got 22 comments.

     

    Gold just corrected since March 17 and now looks like it is ready for its next leg up.
    13 May 2014, 12:19 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    Gold still range bound @ 1294.3. Dollar broke 80, so it should yo-yo back a few pennies. Another parabolic day. I was up really nice early; but late selling stopped me cold again. I hate day traders that dump in the last 5 min. When I day trade, I'm usually out by 10:30 AM when things peak.
    13 May 2014, 06:22 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » Well that was a wild ride for (PSEC) today. I wonder what the long term effects of the SEC will be.
    13 May 2014, 10:24 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    IT the points must be extensive.
    I have been following some,it would be good to have some of the main premises,sec had a lot of complexity to work through.
    14 May 2014, 03:13 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    Rule #2 Never invest in a company that has had to restate Earnings within the last 3 years, or is likely to within 1 year.
    Good luck with your holdings, but it's not a company on my "Buy" list anytime soon.
    Rule #1 is Never buy a company whose business you don't understand. Never having researched (PSEC), I will not judge that yet.
    13 May 2014, 11:18 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » OW

     

    This is why I stick to Vanguard funds...
    14 May 2014, 12:30 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    Rule #3 Never pay some other idiot 1.5-2.5% to do my hobby for me.
    14 May 2014, 04:34 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    Indeed. My hobby pays ME. I get the fun of watching my charts and spreadsheet numbers, and those companies just keep sending me money to do it. :)
    14 May 2014, 04:36 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » OW

     

    Well for some it isn't a hobby. It is their retirement!
    14 May 2014, 07:36 PM Reply Like
  • CWinn1970
    , contributor
    Comments (396) | Send Message
     
    OW...long story short my stepson's child support was to be put in an account with him and my wife named on account. As such stupid me sent them on to a broker, won't mention name, but they were getting 5.5% each month. Once he hit 18 I got him out and manage for him. Broker couldn't understand what I meant when I would tell him at the start of each month I was -5.5% in the hole. It was an ordeal to close that account.
    14 May 2014, 08:09 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    @CWinn1970
    A perfect example of true predatory money management. I sure wish there was some law against such theft from a minor. I only hope there was enough left for "Seed Money".
    My Condolences.
    15 May 2014, 10:27 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » JBT

     

    No wonder you eat at McDonalds so much. I might drop in when I feel like getting the munchies !!

     

    http://bit.ly/1qCTVtf
    14 May 2014, 10:59 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    Recommended film along those lines: "Nice Dreams"
    14 May 2014, 11:06 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » No wonder I saw people wearing bell bottoms in there...

     

    Kinda like eating Chinese food. An hour later and you still feel hungry !!
    14 May 2014, 11:13 AM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    McMarijuanal's.

     

    Chee Chee Chong can replace Ronald.
    14 May 2014, 11:20 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » AL

     

    Good one !! Laughing right now...MAYBE IT'S THE ..never mind.
    14 May 2014, 11:23 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    That's Cheech and Chong LOL. Cheech Marin and Tommy Chong.
    The best Stoner Duo that ever performed. Way better than Dumb and Dumber.
    I saw them live once, but don't remember much. That was back in my Acid days when I was home between Tours (thought at first memory I was in college, shows how stoned I was). I do remember looking in the men's room mirror and seeing a cat, a very Large cat-looking back at me.
    14 May 2014, 04:35 PM Reply Like
  • CWinn1970
    , contributor
    Comments (396) | Send Message
     
    OW, Dave's not here!
    14 May 2014, 08:12 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » An article on (PSEC)

     

    http://seekingalpha.co...

     

    Thoughts ? I am heading out for lunch. Wanna guess where ??
    14 May 2014, 11:21 AM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Give Cheech a hug for me.

     

    Seriously we'll look at the data.
    14 May 2014, 11:23 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    At this point, I'm in it, so I might as well be in it to win it. Holding until at least the end of 2014.
    14 May 2014, 11:27 AM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    I guess it's to completely define "Consolidation" and the 6 to 9 month appeal process.
    14 May 2014, 11:32 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » More on (PSEC)

     

    http://seekingalpha.co...

     

    So do we add ? I am still not sure what I want to do..
    14 May 2014, 02:22 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Follow it down with a potential buy order and track the news,maybe invest in another liquidity and work the turnover.
    14 May 2014, 03:02 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » Think deflation ??

     

    The Dow and S&P are at all-time highs, but what are tumbling small caps and Treasury yields trying to say? Off nearly 1% today, the Russell 2000 (IWM) has returned to flat on the week after gaining about 2.5% on Monday. It's down roughly 9% from the March high.

     

    The 10-year Treasury yield, meanwhile, is off a big seven basis points today to 2.54% - its lowest print since October.

     

    A dovish monthly inflation report from England is helping, as are ideas the ECB is prepping even easier monetary policy to be announced at its June meeting. Ignored is today's PPI index showing a 0.6% jump in wholesale prices in April vs. expectations for just a 0.2% bump. TLT +1.1%

     

    Not sure the FED is happy with this..
    14 May 2014, 11:36 AM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Inflation was the concern.
    14 May 2014, 11:39 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » so why is the 10 year so low???
    14 May 2014, 11:41 AM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Somebodies need money but are on the wrong end of the sale and like you said don't like it.
    14 May 2014, 11:50 AM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    Small Caps are the real leading indicator of future GDP health. In maybe 4-6 months, GDP should tank bigtime if this keeps up. Small Caps are where the jobs are. When they get sick, jobs are not created.
    14 May 2014, 04:47 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » update !

     

    Rankings Name Gain/Loss Portfolio Value Percent gain/loss
    *** 1st *** Econ. Analyst $81,252.85 $181,252.85 81.25%
    ** 2nd ** FearandGreed $18,588.23 $118,588.23 18.59%
    * 3rd * JohnBinTN $18,431.13 $118,431.13 18.43%
    4th User7415481 $13,988.71 $113,988.71 13.99%
    5th ExtremeBanker $11,165.07 $111,165.07 11.17%
    6th CoinsK $8,095.05 $108,095.05 8.10%
    7th Rinascimento $8,051.40 $108,051.40 8.05%
    8th CWinn $7,946.84 $107,946.84 7.95%
    9th John Wilson $6,685.63 $106,685.63 6.69%
    10th Crademan $3,231.53 $103,231.53 3.23%
    14 May 2014, 11:59 AM Reply Like
  • User 7415181
    , contributor
    Comments (1037) | Send Message
     
    I'm closing in on Econ!
    14 May 2014, 12:32 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » USER

     

    I have a feeling we can keep this going for 5 years and no one will catch him !!

     

    Gotta hit the reset button...
    14 May 2014, 12:34 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » NOW HERE IS A HORSERACE !!

     

    ** 2nd ** JohnBinTN $18,298.75 $118,298.75 18.30%
    * 3rd * FearandGreed $18,240.07 $118,240.07 18.24%
    14 May 2014, 02:49 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    In these parabolic days, I can move up 2 spots then down 2 at close. I bought JAZZ at just under 127.5 at open, closed out at 131.4 by about noon. About 3% gain on a down day at the end.
    I bet Vanguard can't do that for you.
    14 May 2014, 04:59 PM Reply Like
  • User 7415181
    , contributor
    Comments (1037) | Send Message
     
    OW,

     

    If you're referring to me, I very much understand that Vanguard fund won't give me that gain in one day or most times in even one month. And even though it's barely up for the year I'm okay with that as well. I picked the best available option in my 401k at the time we started. In my eyes, it's still the best available option although that may change to the international or bond fund in another month or so.

     

    I'm pleased with the results so far because unlike the challenge, in real life I get a pretty good match from my hospital. I view it as free money/and or a return.

     

    One day I will have enough free time and income to go ocd on trading and investing. :)
    14 May 2014, 05:59 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    I perfectly understand. The best group plan I ever had for my 401k was with Met Life. The company matched 2:1, except about Mid Year they would have to stop matching due to the laws about the highest paid people getting too much benefit from their Plan. This was before I became part owner of that company. I just turned over more patients/day than anyone else. I didn't slack on services that the patients needed, nor did I do unnecessary tests. I just worked harder, had to look up less in the books, and did fewer wasted steps in a day.

     

    If you are stuck into a company 401k, there is not much you can do. As I say, being retired, I can research companies, Day Trade, or just sleep in. I couldn't sleep last night, so by 7:30 Mountain Time, I was ready to trade. I was tired of watching my stocks climb in the morning, and fall back before close so I saw an opportunity. When (JAZZ) fell so far in the first like 15 minutes, I couldn't resist.
    I hope to rinse/repeat tomorrow.
    14 May 2014, 10:29 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Maybe FHFA statement has a clue,on the T bond side keep the capital preserved.
    14 May 2014, 12:03 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » I guess this Democrat missed lunch !! Or ate at Micky D's BEFORE this meeting...Munchies??

     

    http://huff.to/1qD8b5a
    14 May 2014, 12:29 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    Mmmm... Earwax. omnomnom
    14 May 2014, 12:31 PM Reply Like
  • CoinsK
    , contributor
    Comments (3683) | Send Message
     
    I read this today. This is pretty revealing about how the "Progressive" Tax system operates.
    Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this…
    The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3. The seventh would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth man (the richest) would pay $59.
    So, that’s what they decided to do.
    The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve ball. “Since you are all such good customers,” he said, “I’m going to reduce the cost of your daily beer by $20″. Drinks for the ten men would now cost just $80.
    The group still wanted to pay their bill the way we pay our taxes. So the first four men were unaffected. They would still drink for free. But what about the other six men ? How could they divide the $20 windfall so that everyone would get his fair share?
    They realized that $20 divided by six is $3.33. But if they subtracted that from everybody’s share, then the fifth man and the sixth man would each end up being paid to drink his beer.
    So, the bar owner suggested that it would be fair to reduce each man’s bill by a higher percentage the poorer he was, to follow the principle of the tax system they had been using, and he proceeded to work out the amounts he suggested that each should now pay.
    And so the fifth man, like the first four, now paid nothing (100% saving). The sixth now paid $2 instead of $3 (33% saving). The seventh now paid $5 instead of $7 (28% saving). The eighth now paid $9 instead of $12 (25% saving). The ninth now paid $14 instead of $18 (22% saving). The tenth now paid $49 instead of $59 (16% saving).
    Each of the six was better off than before. And the first four continued to drink for free. But, once outside the bar, the men began to compare their savings.
    “I only got a dollar out of the $20 saving,” declared the sixth man. He pointed to the tenth man,”but he got $10!”
    “Yeah, that’s right,” exclaimed the fifth man. “I only saved a dollar too. It’s unfair that he got ten times more benefit than me!” “That’s true!” shouted the seventh man. “Why should he get $10 back, when I got only $2? The wealthy get all the breaks!”
    “Wait a minute,” yelled the first four men in unison, “we didn’t get anything at all. This new tax system exploits the poor!”
    The nine men surrounded the tenth and beat him up.
    The next night the tenth man didn’t show up for drinks so the nine sat down and had their beers without him. But when it came time to pay the bill, they discovered something important. They didn’t have enough money between all of them for even half of the bill!
    And that, boys and girls, journalists and government ministers, is how our tax system works. The people who already pay the highest taxes will naturally get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier.
    David R. Kamerschen, Ph.D. – Professor of Economics.
    _______
    14 May 2014, 02:18 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » @COINS

     

    I need a beer after reading this ! You buying ??
    14 May 2014, 02:26 PM Reply Like
  • CoinsK
    , contributor
    Comments (3683) | Send Message
     
    LOL . I was hoping to be PAID for participating LOL
    14 May 2014, 03:00 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    While corporate tax is insanely high and MUST be lowered in order for the US to thrive; except for during the Bush stupidly low Capital Gains Tax period, my taxes have never been lower on a % basis (as with all of us in the top 10%). This is the first time since the 70's (ex Bush insanity) when I have seen over 60% of my income actually go to the bank. The first year I broke 6 figures back in the early 80's, I blamed my wife for spending all my money, as I was going deeper in debt the more I earned. When I ran the numbers, I had to buy her a bigger diamond as an apology. (The True "Marriage Tax")
    People come here to live as personal taxes are far lower than most countries; but they use Ireland or other such countries as company HQ's (always have if they could, and always will absent some incentive). It's just like using Liberian Flag for Shipping. (These days it's various Pacific Islands as their governments are more stable).
    There is no way the US can match countries without corporate taxation, but 20% would bring enough money home to increase total tax income. Remember that sweet little tax haven Ireland went Bankrupt a few years ago, and may again. No one builds many factories there as there are no natural resources, so they don't get many 10%rs working there. Yes I know Intel built a Fab there; but except for electricity, Fabs don't use many natural resources, nor employ all that many people. Thirty years ago a Fab needed hundreds of lemmings on the "Line". Today they just need a few programmers to watch the lines and debug or recalibrate Robots. Intel's problem will come after the incentive program lapses, and they start getting charged VAT on every chip.

     

    Oh, and those 4 drinking free, 2 are too old to belly up to the bar and 1 can't walk. In actuality, at least 1 of the ten can't stop drinking once he starts, and will be too blotto to know what he paid! He's the one with the 6 DUI's.
    14 May 2014, 11:17 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » So are going to see a war soon?

     

    http://bloom.bg/1oPxj3S
    14 May 2014, 02:24 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    If we do.... Buy the dip.
    14 May 2014, 04:33 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    You Guys really Hustled today,it was good to see.
    14 May 2014, 05:11 PM Reply Like
  • User 7415181
    , contributor
    Comments (1037) | Send Message
     
    IT,

     

    Old news. Take this with an ounce of salt:

     

    http://bit.ly/1oQe7Dg

     

    with another ounce of salt:

     

    http://bit.ly/1oQe4Y5

     

    What I've noticed is when the later goes quiet on Ukraine (or anything else) that's when something happens. It's been quiet for the last couple of days.
    14 May 2014, 06:21 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    We're already at war, we just hired companies like Blackrock to provide the Grunts, but the Dip will come when the EU has to provide Air Cover for the Mercs.
    14 May 2014, 11:26 PM Reply Like
  • User 7415181
    , contributor
    Comments (1037) | Send Message
     
    IT,

     

    http://bit.ly/1nT8VyA

     

    Looks more likely we will see a civil war - volunteer paramilitary training camps can't be good.
    15 May 2014, 02:18 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    In these parabolic days I can move up 2 spots then down 3 at close. I bought JAZZ at open for under 127.5, closed out at ~131.4 by noon. ~3% on a down day at close. Vanguard can't do that for you.
    14 May 2014, 05:19 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » OW

     

    You already posted this comment. Sure those acid days are over ? lol
    14 May 2014, 07:40 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    The enthusiasm is absolutely beautiful.
    14 May 2014, 07:53 PM Reply Like
  • CWinn1970
    , contributor
    Comments (396) | Send Message
     
    Right on
    14 May 2014, 08:13 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    My bad, perhaps they are coming back.
    Delete this duplicated string.
    I did a page reload and didn't see the first post load. That's what I get for using my laptop, and tons of pain meds. My back is so hosed I have been in a wheelchair for ~9 years now. I take the equivalent of nearly 200mg of MS/day in pain killing power via Methadone and oxycodone, so just ignore my double posts.
    14 May 2014, 10:12 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » OW

     

    Nah, we all have to laugh once in a while. I am sorry to hear about your injuries.

     

    Appreciate your comments !!
    14 May 2014, 10:21 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    Thanks, I get my best laughs at myself.

     

    I got tore up a lot worse in VN than showed for a number of years. One crash we hit the ground so hard we bounced over a bulldozer. I didn't report my back injury because they would have taken me off flight duty (I was a Heli Crew Chief). Left HUEY 66-16632 in the South China Sea, another in flames N of Kontuum.
    My injuries finally caught up with me, instead of riding motorcycles, I have a power W/C. If I wasn't so stoned, I'd soup it up like we did my wife's 64 T-Bird. It puts out ~400 HP now <g>. Do NOT get in her way <WEG>.
    15 May 2014, 11:52 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    I'll buy JAZZ anytime I can get it below $127.5, and sell when it clears 31 any time I can. I loaded up at 122.5 when it dropped on earnings after hours and still hold that.
    14 May 2014, 05:38 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » CAN ANY OF YOU SOUTHERNERS SHED SOME LIGHT ON THIS PLACE? Considering taking a trip from NY to look for a nice , cozy place to stay until they take me out toes first.

     

    http://bit.ly/18vVm4b
    14 May 2014, 10:29 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    Don't know that place (I don't dig "managed" living, or HOA-type arrangements), but NC is nice.

     

    Lotta old folk in Southport. Very humid.

     

    http://bit.ly/1oR50Ch
    14 May 2014, 10:53 PM Reply Like
  • CWinn1970
    , contributor
    Comments (396) | Send Message
     
    Not far from Myrtle Beach. Second JBT, very humid summers. I like it down there, but very 'sticky' come summer.
    14 May 2014, 11:16 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » Thanks guys, the wife will nix anything that has too much humidity !!

     

    Any suggestions besides Florida ?
    14 May 2014, 11:41 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    Arizona seems to be a popular choice for the aged. ;) The southeast is fairly humid in the summertime, no matter where you go. If the A/C's working good, it's not that big of a deal.
    14 May 2014, 11:47 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » JBT

     

    Trying to stay on the east coast so that I can still see my daughter grow up.. I guess 26 is a grown up. But I expect grandchildren one day as well.

     

    Plus still have brothers on the east as well.. That is why this is a difficult decision. Like to stay within a long car drive if possible.

     

    Wife has siblings already in Florida and one of my brothers already bought a condo there as well. But personally I don't care for Florida.
    14 May 2014, 11:54 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    "Going to California" Led Zeppelin
    15 May 2014, 05:33 AM Reply Like
  • CWinn1970
    , contributor
    Comments (396) | Send Message
     
    Agree with JBT, pretty much anywhere you go in the southeast is humid. If she doesn't want humidity then she definitely won't like Florida. I grew up there and it's hot and humid, "swampy" humid.
    15 May 2014, 07:27 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    SC is nice.
    15 May 2014, 07:30 PM Reply Like
  • CoinsK
    , contributor
    Comments (3683) | Send Message
     
    I LOVE Pawley's Island S.C. It's a few miles South of Myrtle Beach near Georgetown and less than an hour from Charleston.
    15 May 2014, 07:56 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    I worked a contract in Fayetteville for 5 months not far from there. Stay away from Lumberton, It's gang turf.
    The guys that killed Michael Jordan's father were from Lumberton.

     

    I loved Wilmington though, They have (I think) the Missouri or a Battleship in that class parked at Wilmington. Looks like it's a very pretty area there, but when I was in NC, both Bertha and Fran rolled in. Watch out for Storm Surge!
    16 May 2014, 12:01 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » ANY ONE CARE TO EXPLAIN TODAY'S SELL OFF?

     

    Any one buying on this dip ???
    15 May 2014, 12:59 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Wall mart,small caps and inflation.
    15 May 2014, 01:03 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Hold
    15 May 2014, 01:26 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4443) | Send Message
     
    I had a div reinvestment go through for (OHI), and regular purchases of (XOM) and (LMT) should go through today, or tomorrow (hopefully today - both are off a decent amount today).
    15 May 2014, 03:37 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    You know the integrity of your CO's.
    15 May 2014, 04:29 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    (SPXS) i been watching it.
    15 May 2014, 08:04 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2677) | Send Message
     
    I bought a position in JAZZ on today's dip below 25. Pray for me tomorrow!!
    16 May 2014, 12:12 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » Thanks, I was out in the morning. Had no clue what sparked it ..
    15 May 2014, 01:29 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » Russell 2000 now in a correction !!!!!!

     

    Coming in the same week when the Dow and S&P 500 hit new record highs, the Russell 2000 (IWM -1.6%) today tumbled into correction territory, now off 10.2% since its record high hit on March 4.

     

    The Dow (DIA -1%) and S&P (SPY -1.2%) haven't suffered a correction since 2011 H2, though the Nasdaq fell into correction in November 2012 (the tech index fell nearly 10% from March through mid-April this year, but bounced).

     

    The question at hand is whether the large-cap averages will follow the Russell. or continue to go their own way to new records.

     

    WHO WANTS TO GUESS ???
    15 May 2014, 01:32 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    Not the cash Cows...ui

     

    Guys need a lift on Wall sb,appreciate it.
    15 May 2014, 01:34 PM Reply Like
  • al roman
    , contributor
    Comments (18383) | Send Message
     
    (D)getting close to export (UIL) does own Philly gas works right on the hub.
    15 May 2014, 02:23 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15175) | Send Message
     
    Author’s reply » MOVING ON !!!

     

    http://seekingalpha.co...
    15 May 2014, 08:26 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

  • Mondays are now themed pass over ...explain why you would pass over a certain stock or sector. Should be interesting. Join us !!
    Jun 22, 2015
  • http://seekingalpha.com/p/269b8 Dramatic and explosive posts pertaining to the Swiss pegging issue and what it means to all of us. Must read!
    Jan 20, 2015
  • http://seekingalpha.com/p/24ky5 Oil, China, Russia, Pm's, stocks. The mock challenge standings starting the week. Going to be a quiet one ??
    Dec 22, 2014
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.