SPDRs (SPY)

All Comments on SPY

  • commenter
    OJO Zafado
    May 16 10:54 PM
    What's Behind the Market's Rise? [view article]
    Bear fund has it right. The problem in terms of defining what has value is truely a threat to the US currency itself. "Shut off the printing press..." Well that is the way to look at it, but does not fully state the severity of what is going on. Last week the FED incresed it's TAF from $50 to $75 billion and the TRCA with the ECB and SNB from $75 to $100 billion. There are no printing materials or costs. It is only a few key strokes and a pressing of the "enter" button. People are closing their money market accounts and moving to brokerage accounts so they can put the $2500 min balance into GLD, SLV,DBP,or PMY. Those along with something like a FNM-PrP that has inflation protection and pays 6.3% tax advantaged. The ETF has become a great danger to the currency as they allow anyone to have something of value instead of linen fiat currency. A 1979 10 Pound Sterling note is now worthless as they were replaced by new currency and are no longer honored. Same for any Guilder or Lire. In 1979 you could have gotten about 10 gallons of gasoline for the value that was in that ten pound note. Today if you have a one ounce silver coin minted in 1979 irreguardless whether Mexican, Canadian, US or other nation it would buy 4 gallons of gas. You might have to shop it around a little but would get +$16 in your pocket. In 1979 that ten pound note would buy 3-4 of those one ounce silver coins. If you had the silver coins....and not a worthless piece of paper. The War on terror has been extended to the war on drugs on the American people. Now we see the gov't trying to manipulate the energy futures market. +$5 gasoline now seems a certainty, as does $5-$6 heating oil. Now we see the Gov't trying to head off the hundreds perhaps thousands of deaths that are now likely to occur as young children and the elderly die next winter of hypothermia. The nation of drunken sailors has finally put their own ilk into the control of our gov't and financial institutions. I am continuing to lighten up in partial positions my energy stocks and funds.. I am letting the rest run. RJI,DBA,MOO,GLD,GDX,IEO,ENY, SNG,BTE etc are all working for me. I think the fundamebntals SU@K! We are heading for a retest of the March lows as we head into the "Summer Doldrums" market. The effects of +$4 gasoline, road diesel, and heating oil is starting to really scare the mob. They sleep unaware of a clarion call from the US Treasury. The Treasury this week reported the March TIC. It was more bad news for the US dollar and lower interest rates in the real market. With a couple exceptions last year when it also went negative the TIC has consistently been about PLUS $60 billion a month. There was a $100 billion in reversal in the TIC as last months $65 Billion surplus was replaced by a $46 billion Negative flow of cash out of the US. If this persists for several straight months it will put some major pressure on US Treasury prices. You can get out in front with a PST or DXKSX. These are the times that try men's souls. Fortunes will be made and lost! Forget invading IRAN. How about aiming a few cruise missiles at the TATA Motors factory kicking out those "NANOs"! Reply
  • commenter
    richjoy
    May 16 08:42 PM
    Foreclosures Prove Loan Modification Isn't Working [view article]
    What?...an article on home forclosures with 11 responses...and no one has mentioned the obvious solution?

    All we need to do is give courts the authority to change mortgage contracts (that's right, lower the rates to whatever the borrower thinks he can afford...presto! problem solved!)

    Of course, there will be consequences. First, mortgage rates will go up several percentage points; second, qualifications (credit histories, down payments, etc.) will be tightened so fewer people will qualify; third, there will be vastly more people signing rental contracts where rent payments apply to the eventual purchase; fourth, (what the hell, does it matter?)

    I absolutely assure you, those who think they will lower the price of gasoline by adding more taxes to the oil companies, are just the people who will be pushing legislation to give courts authority to modify mortgate contracts.     Reply
  • commenter
    iThinkBig
    May 16 06:31 PM
    My Website
    Foreclosures Prove Loan Modification Isn't Working [view article]
    And the end of the tracks for those banks Negative carry are the overleveraged, pinched consumer whom is 70% of our nation's GDP. The real question is, can the consumer recover in time before the banks can fix the balance sheets? So the consumer continues to buy less non-essentials and GDP shrinks, what jobs will American's have to recover?

    I guess a hefty portion of Americans will have to prepare to go from service jobs to farming or perhaps we will declare energy independence and create millions of jobs. Don't I wish that would happen, but no, that would create a competing product and force some wealth from global oligarchs!

    I assume the government will offer job retraining programs in 2009 which is why I like a stock like Apollo Group, but without major innovation into something the global consumer needs more of (like affordable energy and food) I am not encouraged.

    I guess a side benefit of the California courts being so clogged (and other courts) is perhaps they will stop activism of there liberal, no justice except for deadbeats, theives and perverts agenda. That is getting pretty sickening to me these days as well.     Reply
  • commenter
    iThinkBig
    May 16 06:19 PM
    My Website
    Want to Fix the Fed? Get Rid of It [view article]
    Bearfund probably has the best comments of this group and solutions and I disagree with Richjoy that should consider the long-term economic effects of the bottom 97% going broke and if that is good for our GDP or not... I would speculate the path we are on is one of first massive socialism and then depression shortly thereafter.

    The mistakes of the Great Depression are being repeated, although I will say Ben Bernanke made the only choice he could have made with Bear Stearns by lowering rates. It's like the Kobi-Murashi Maroo test in Star Trek movie where there is no complete solution for the cadet to save the entire space vessel in the test, it's only lessening degrees of loss of life aboard the ship. I vehemently disagreed with the last .25 point cut but do not think we are yet at the point to follow Volker's solution to inflation by massively raising rates either.

    I have repeated many times to many people that going energy independent could be the only real solution to avoiding a depression three to four years from now, but the politics and human nature our nation (most likely just human nature period) tend to have us go over the cliff and be 10 feet to the ground before we open the parachute of American ingenuity and willpower our nation can muster in any emergency. secondary chute to open to avoid some pain I wish it     Reply
  • commenter
    grammarcheck
    er
    May 16 04:43 PM
    Under The Radar News - Friday [view article]
    Fewer ads, not "less ads". (The paragraph under the headline uses the correct term.) Reply
  • commenter
    User 193849
    May 16 03:59 PM
    SPY: The Myth of a Decline in Corporate Earnings [view article]
    Good work!! Reply
  • commenter
    icandoitdon
    May 16 03:48 PM
    Want to Fix the Fed? Get Rid of It [view article]
    those who defend the federal reserve miss the salient point of it's critics, which is this:

    the federal reserve has been the big enabler of the credit culture our economy has become beholden to. those who believe this is how it should be are usually beneficiaries of the system, i.e. consumers who don't have a pot to p__s in, retailers and credit card companies who boost their sales and recover the cost of defaults in the form of higher prices for their product/services, mortgage companies who have securitized and sold their loans, ridding themselves of credit risk by shifting it to naieve investors desperately looking for yield because the fed keeps interest rates artificially low...all to feed the credit cycle that keeps this economy going.

    anyone who thinks this kind of foundation is healthy for our economy is simply ignorant...i'm sorry. the federal reserve, in flooding the system with cheap credit, has caused the problems of today. instead of facing them squarely and enduring the pain it would cause, which would be significant, it has kicked the can down the road. as a country, we've become good at that, whether in foreign policy, social policy or economic policy.

    the federal reserve is a disgrace. so is the congress. so is the executive branch of government. we've met the enemy and he is us.

    i took note that fannie mae today announced that they have decided to not raise downpaymet requirements as previously announced...to "help" the housing industry. help it go broke, that is, because it's exactly that type of policy that created the housing/credit crisis. it's more of the same crap from a quasi-federal organization.     Reply
  • commenter
    DaveW
    May 16 02:25 PM
    A Sideways Market For the Next Decade? [view article]
    space-time,
    In my opinion, your best bet is to go with a sector rotation approach. Currently that would be energy - oil (DIG, OIL, or DBO); natural gas (CHK or UNG and COG or REXX); alt. energies (FSLR, PBW), including nuclear energy & uranium (CCJ, USU, PKN); Platinum-based metals (SWC or PAL); Copper (PCU or TGB) - and agriculture (POT, UYM, DBA, MOO, or JJG). This is by no means a comprehensive list, just a primer for thought and research. Most of what I mention have price targets significantly/modestly higher than current levels. Only REXX comes from my personal research, all others come from better investors than myself.     Reply
  • commenter
    Kunst
    May 16 02:22 PM
    1990 All Over Again? [view article]
    H-Bomb says, "...the end is neigh." You been getting advice from Mr. Ed? Try "nigh". Reply
  • commenter
    cfish
    May 16 02:05 PM
    Foreclosures Prove Loan Modification Isn't Working [view article]
    I totally agree that banks are impaired from doing thier best to clear out the inventory, but I didn't realize that they needed more cash infusion to do it. This depression could to be long. I don't think it will be as long as Japan's bubble crash because Americans are much more willing to clean up the mess, but if they have little power to do that, we have a lot more trouble ahead. Reply
  • commenter
    mythreecents
    May 16 01:45 PM
    What's Behind the Market's Rise? [view article]
    bear: u r right of course. and i am right that 2day is friday. here's hoping u got as much from my post as (we) did from yours. Reply
  • commenter
    Whidbey
    May 16 01:26 PM
    What's Behind the Market's Rise? [view article]
    I think there is much liquidity and the market will absorb it, but when we finish we will have another bubble to work off. Add to that risk is being repriced and there will be considerable suffering in 2009. Reply
  • commenter
    granger
    May 16 12:37 PM
    Portfolio Review: Diversification and Asset Allocation [view article]
    My favorite topic as well. Thanks Reply
  • commenter
    Snuggles
    May 16 12:35 PM
    Foreclosures Prove Loan Modification Isn't Working [view article]
    "...In the meantime, because so many problem mortgages are securitized in pools, banks cannot act even if they wanted to..."

    I don't understand why more hasn't been made of this fact. Securitization has made it infinitely more difficult to conduct work-outs with borrowers. I find it highly ironic that a tool that was supposed to mitigate risk is actually going to help accelerate losses.     Reply
  • commenter
    njgolfer
    May 16 12:26 PM
    Under The Radar News - Wednesday [view article]
    NO way is Accenture being bought out. Think HP buying EDS will be challenging? Try buying out a 170,000+ person company which is what Accenture is right now. Reply

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