SPDRs (SPY)

All Comments on SPY

  • commenter
    Reinko
    Jun 25 01:46 PM
    Inflation: Pass It Through [view article]
    Nice article.

    To JCCIII:

    Gross domestic product growth is already without inflation, that is why it is 'product growth'.

    __________

    For the rest it is laughable to observe they even use 'geometric weighting', this is nonsense!

    But measuring inflation is a hard try, try it for yourself with only bread. Here in Holland cheap bread is 45 cents for 800 gramm, good qulity bread is around 95 cents to one Euro and luxery bread above two Euro.

    How to measure changes in bread prices?

    So you see: measuring inflation is difficult and depending on what your spending habits are, you have even an individual inflation number...     Reply
  • commenter
    Acercher
    Jun 25 01:40 PM
    Time to Change Country Mix in World Market-Cap [view article]
    Your articles are consistently among the most interesting on Seeking Alpha. I appreciate the way you marry hard data with a point of view--too many other commentaries have one or the other but not both.

    My personal portfolio for equities has been divided about 50/50 for the last couple of years, which I think is nowhere as risky as conventional wisdom would have it, particularly given the secular trend of a declining dollar.

    However, I have consistently been troubled by the role of Japan in foreign allocations. Even in your schedule above, Japan has been hovering around 10% for years, yet has truly sucked eggs as an investment. How do you deal with this yourself?     Reply
  • commenter
    iThinkBig
    Jun 25 01:40 PM
    My Website
    Inflation: Pass It Through [view article]
    Who is the government attempting to kid? The 49% GDP of small businesses with no real outside help these days go to the grocery store and fuel stations and see it clearly. No need to argue recession there. The 30% GDP megacorpations have heard of a glorious new tool called the spreadsheet. 21% GDP government is probably the most misled (or at least they were). It's sickening. The country itself cannot even understand the scope of the true monumental sized problems, let alone accurately debate or come up with painful yet necessary corrections to avoid collapse. It drives you NUTS Reply
  • commenter
    CLH
    Jun 25 01:38 PM
    Inflation: Pass It Through [view article]
    Yes the fed. should raise interest rates or we will have inflation. Presently we have low inflation (not 7%). Reply
  • commenter
    iThinkBig
    Jun 25 01:25 PM
    My Website
    The Mother of All Central Banking Challenges [view article]
    Agree Gabe Bornstein and agree strongly with Documentarman comments, the energy asset class in the U.S. needs strong subsidies and sustained political will behind it. Right now we have neither and deflating assets, job decimation accelerating and no asset class cushion to soften the freefall. The Fed will do what it can short-term but I see no other way in monetary policy then to do anything else but conduct a Paul Volcker. The energy investment backed by Treasury is the safest way to protect America's national security and restoration of our financial sytem. That regulation is coming down the pike in financial market is a given by either political party. Jail time is needed for some including those at the top. This was global theft on a scale never seen before in history and those that know the line in the sand between greed (healthy and good between man-sized competitors) and theft on the little guy. Reply
  • commenter
    The Jackal
    Jun 25 12:48 PM
    Another Month of '08 in the Books [view article]
    MMR is one of the best run exploration companies in the world. As of this report YTD performance was 109%. I believe that year-end performance for 2008 will be +400%. MMR is a well managed company, solid balance sheet, new / innovative technology, attractive sector and bright sales and earnings prospects. Reply
  • commenter
    francis
    schutte
    Jun 25 12:44 PM
    My Website
    The Mother of All Central Banking Challenges [view article]
    Markets in silent expectation for what the Oracle is to announce today.
     Wednesday has become the Oracle day where the Gods communicate their will to the people through the voices of Bernanke and the media amplifiers. Since the truth has been cooked (in the USA) or is hidden (in the EU), less and less people understand what is being said or meant.  It is like navigating in the north hemisphere where the magnetic north is degrees away from the true north. If the route is not corrected, the vessels end up nowhere. Black boxes start to fail because the input is incorrect and short term technical analysis is being distorted by the daily interventions of the Plunge Protection Teams and the market volatibility..the website goldonomic.com has more
    Reply
  • commenter
    gabe
    borenstein
    Jun 25 12:19 PM
    My Website
    The Mother of All Central Banking Challenges [view article]
    For the record,the FF futures reflect a speculative consensus of what the FED will decide via the next meeting.It suffices to say that 80% of the time that consensus is wrong .More importantly ,less than 20% of the futures markets investors(speculators ) make money .The sequential events that would follow after the rate hikes would be self destructive to the FED ,ECB and most of the other Central Banks .Whatever vestiges of the economic growth are left ,they are a function of unprecedented leverage being utilized by the speculators including the hedge funds.The consumers disposable income has been decimated globally and the consumption is maintained by the record per capita debt.
    The inflation?is not an issue in the U.S .At 3.8% ,CPI is marginally higher than the average inflation over the past 20 years (approximately 3%).Substitute the home prices instead of the rents in the CPI and inflation becomes a marginal topic.More importantly ,in any cycle since 1929 ,the home prices were the most effective barometer of the true inflation,as they would increase in price at the implied rate of inflation or higher.In the current cycle ,the home prices have collapsed in certain geographic areas at the rate comparable to 1929. What continues to drive the inflationary perception is the price of the crude oil. The crude had became the most speculative commodity in the world driven by the record leveraged speculation. No analyst /strategist can explain the explosive price hikes based on the change in supply /demand distortions. As Indian and Chinese economies significantly decelerate in the period ahead ,and the other emerging market economies follow ,the oil demand myth will evaporate.Deflation not inflation will become Central Bank's focus.
    I would like to note that the news eminating from Nigeria has been one of the dominating catalysts for the speculative fever in the crude market .
    If this is a truly serious crisis ,why arent certain governments subsidizing oil extraction from sands(Canada).One of the issues(oil shortage) appears to be inability of most of the refineries to "crack"the heavy crude-if this is the case ,then why aren't we paying attention to the new technology developed by a small Canadian company ,that would accelerate the refining of the heavy crude.In the end if you impose punitive margins on the key futures markets ,I.E COMEX,CBOT and NYMEX,I believe that the commodity price would implode to the level indicating the true demand.The Central Banks will face the real culprit ,deflation and ease aggressively .This will establish a base for a record noninflationary recovery/growth. All said and done ,the economies outside the U.S ,face a major deceleration which will implode their markets, causing massive capital inflows into the U.S(dollar flight to quality) ...ergo ,unprecedented stock market rally if for the wrong reasons.
    In June of 2005 ,I have predicted the current debacle in an interview with Mark Gilbert(Bloomerg-Londo... too many have followed my logic.On September 18,2007 on the Bloomberg TV(Brian Sullivan),I have predicted uprecedented financial crisis based on the subprime debacle-not too many takers. Two weeks before 1987 crash ,I have informed my clients about impending "crash"-not too many takers.In late 1999,In my meeting with Dottore Menginni (portfolio manager of Vatican(then),I have predicted the impending high tech implosion-i think I have convinced him. Now that the universe is discussing recession? I am very bullish on the U.S ,if for the wrong reasons.Only the FED can derail unprecedented rally/recovery ahead via restrictive monetary policy.History shows that the FED was responsible for evey "bust"includ... 1929(raising rates to reduce speculative activity in the stock market.Logical banker would have raised the margins to 100%).
    I believe that the risk of a global implosion are so great ,that the FED will create an accomodative environment for a recovery.     Reply
  • commenter
    User 109922
    Jun 25 11:37 AM
    Wall Street Breakfast: Must-Know News [view article]
    sure like Under the Radar News Reply
  • commenter
    Right in
    San
    Francisco
    Jun 25 11:29 AM
    My Website
    Wall Street Breakfast: Must-Know News [view article]
    One more vote for "Under the Radar". Have checked Market Currents, but it is too much. What I most appreciate on both of your columns is your ability to select those items that seem to fit into a pattern - although I would be hard pressed to identify what that pattern is. Reply
  • commenter
    raytayzmd
    Jun 25 11:19 AM
    Merrill Lynch Economist: 10 Reasons the Bear Market Is For Real [view article]
    ...given Merrill Lynch's brilliant history of predicting market turns I would speculate that today will be a good day to buy. Reply
  • commenter
    CLH
    Jun 25 11:18 AM
    Merrill Lynch Economist: 10 Reasons the Bear Market Is For Real [view article]
    cranky--You are right Reply
  • commenter
    BillF
    Jun 25 11:03 AM
    Wall Street Breakfast: Must-Know News [view article]
    Somehow I missed a couple of issues. Really missed them. :-) Reply
  • commenter
    documentarym
    an
    Jun 25 11:03 AM
    The Mother of All Central Banking Challenges [view article]
    Accurate and insightful analysis with no solution. Perhaps the answer lies outside of monetary policy? If energy cost is the root of all inflation, then a comprehensive energy policy would do the most good locally and globally. Why aren't the governments of the world pushing for sustainable energy technology as a way to fight inflation and benefit the working man? Reply
  • commenter
    moonbat1775
    Jun 25 11:02 AM
    The Mother of All Central Banking Challenges [view article]
    "Perhaps success on those fronts is possible only in a world with one global central bank overseeing one global currency. "

    The author must be trying to bait his readers. I have another suggestion: How about we get governments (at least ours) out of the money business all together? Is economic freedom too hard a concept to grasp? Or at least allow competing currencies. Or is competition a bad thing?

    Read Ron Paul's book for a clue on how to get out of the recurring messes that central banking brings us.     Reply
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