Energy Select Sector SPDR (XLE)

All Comments on XLE

  • commenter
    Scared Stiff
    Sep 30 10:30 AM
    Tuesday Outlook: Commodities, Emerging Markets, More [view article]
    Yeah... where's the whole first page??

    I, for one, am glad the republicans threw their little tantrum. If hurting their little feelings is what it takes for them to recover their courage, maybe we need more of it.     Reply
  • commenter
    Fred Banks
    Sep 30 10:24 AM
    OPEC: Good is Bad - Bad is Good [view article]
    In the great world of economic theory, the proposition that OPEC can influence the price of oil when the price is increasing, but not when it is decreasing, is probably wrong. When the international macroeconomy gets back into the groove, OPEC may not have enough capacity to restrain prices, while. In the other direction, they can....

    Anyway, this is a valuable summary of OPEC's history.     Reply
  • commenter
    john s.
    gordon
    Sep 30 10:18 AM
    OPEC: Good is Bad - Bad is Good [view article]
    anybody remember the great anglo-dutch rubber cartel of the 1920's? in germany they said up yours & developed synthetic rubber. standard oil was the u.s licensee for i g farben's process designs. on dec.8 1941 the blueprints were in a file cabinet in esso's new york office & the u.s marshal marched & said those papers are mine. the resulting plant constructions enabled the allies to defeat the axis in 1945.

    we can do likewise today with coal-to-oil plants but it will require federal action, the big oil guys have other plans for the u.s economy (what's left of it).
    > jack     Reply
  • commenter
    parnelli96
    Sep 30 10:01 AM
    Tuesday Outlook: Commodities, Emerging Markets, More [view article]
    Kinda bummed they didn't post Dave's image....check it out on his homepage. My fave is when he posts the "surrender dorothy" image. Reply
  • commenter
    Carl
    Spackler
    Sep 30 09:58 AM
    Tuesday Outlook: Commodities, Emerging Markets, More [view article]
    This guy always does some great posts - always a must read. Reply
  • commenter
    alajac
    Sep 30 09:51 AM
    My Website
    Don't Fight an Expensive Bull Market [view article]
    PROTEST THE FED`S EXTORTION RACKET
    A WRITE-IN ELECTION CAMPAIGN TO REVOLUTIONIZE RESOURCE DISTRIBUTION AND TAXATION
    The `HOW TO FIX THE ECONOMY` plan addresses three problems with America`s economic system which are destroying our financial security.

    Problem 1.
    America`s National Debt is approaching 10 trillion dollars and the system is less than 100 years old. Nice work. If human bodies worked like America's currency supply, every time kids grew a little they would need to take out a loan so they could buy a transfusion of new blood. We can do the same things for ourselves that the Federal Reserve does without creating any debt at all.

    Problem 2.
    The Income Tax law was drafted by the same rich guys who invented the Federal Reserve system. They came up with a way to tax us `cash cows` while simultaneously avoiding paying taxes on their own wealth. A kid right out of college shouldn`t be paying a greater percentage of his accumulated wealth in taxes than Bill Gates. We need a flat, transparent, automatically-collecte... taxation system which corresponds closely to `benefits previously received`.

    Problem 3.
    Thanks to automation, robotics and computers, the days of plentiful, highly-paid jobs employing vast numbers of manual and mental laborers are gone.
    Remember the days when there were millions of jobs that paid well enough to buy a house, two cars, an RV and a cottage on the lake...and still save plenty for retirement? If you do, then you`re pretty old. For most of us, those days are gone and they`re not coming back. To address this problem we need to either `kill off a lot of people` or else develop a new resource distribution model suitable for a world where jobs are going the way of `the buggy whip`.

    The solutions in the plan were developed from the following premises.
    1. Life is inherently unfair. The only legitimate function of government is to counter that unfairness.
    2. Whatever story they tell you, it`s always and only about `the money`.
    3. The results of any system depend on the incentives the system creates.
    4. Cooperation is not communism. When they try to tell you it is, remember #2.
    5. Property is actually owned by whoever can defend their claim to it.
    5. Within a framework of proportionately equal costs and benefits for all, advantage should fall to those born into the worst circumstances.

    Tell Congress we need a TOTALLY NEW DEAL!
    Replace the Federal Reserve System
    with U.S. Government Debt-Free Money,
    Replace the Income Tax with a tiny, flat tax on `Benefits Received`,
    and Create Better Social Security for ALL

    WRITE-IN Alan Jacquemotte for U.S. President
    More by and about alan can be found on U4Prez.com (user=alajac) and classmates.com
    Send no money, just make copies of the plan and hand them out.



    HOW TO FIX THE ECONOMY a plan to stimulate the economy, lower taxes, start paying off the National Debt, alleviate poverty and decrease crime
    by replacing our OLD economic system with a NEW system based on
    a new and debt-free U.S. currency to replace Federal Reserve Debt-Money,
    a 0.5% tax on electronic transfers to replace the Federal Income Tax and the IRS,
    and $1000 per month government privatization compensation for legal U.S. residents

    The problem is always THE SYSTEM, never just `the people who screwed up`. Until we fix THE SYSTEM, similar bad things will keep on happening. Fault for the credit scam lies not with the banks and borrowers who lost their shirts and homes, but with our predecessors for allowing this SYSTEM to become law, and with ourselves for not getting rid of it earlier.

    The primary problem with the OLD SYSTEM is that `our` money (actually the Federal Reserve`s Debt-Money) leaks its purchasing power like a bucket with a hole in the bottom leaks water. The Fed dollar currently buys less than 5% of what it bought in 1913. (To view a video that makes the problems inherent in our use of the Fed`s Debt-Money much clearer, do an online search for `Zeitgeist Fed`.) There is NO BENEFIT AT ALL in having a Central Bank (well, none for us) compared to having the U.S. Treasury print and distribute to ourselves our own debt-free money, and THE ONLY DIFFERENCE between having a central bank (like the Federal Reserve System) or not, is that ``One system costs us 95% of our wealth every hundred years and puts us and our posterity into mind-boggling debt until the end of time``... and the other one doesn`t. So the first thing we need for our NEW SYSTEM is our own, debt-free U.S. Government currency, backed by the value of all of the property within the nation`s borders. Bankers will tell you this will cause the end of civilization. It won`t.
    Another problem is that the OLD SYSTEM`s income-based taxation creates wasteful tax avoidance behavior, requires an expensive tax reporting industry and an intrusive collection bureaucracy, and is, arguably, a form of `involuntary servitude`. Under a NEW SYSTEM, we could replace all income-related taxes with a one-half percent, automatically-collecte... electronic transfer tax (also known as a `debit tax`) which would be avoidable by business transactions that used only cash or barter. This change will not only rid us of the IRS (saving us the billions of dollars that are currently spent on `tax reporting`), it will also end the OLD SYSTEM`s penalization of work and entrepreneurism, as well as freeing up further untold billions currently spent on `tax avoidance`. (Also inhibits market speculation.)
    The third problem with the OLD SYSTEM is that, because governments privatize all of their claimed property (allocating it however they like), everyone winds up being denied their natural right to free access to all property without being compensated for that loss. That`s not a problem for those with access to capital and property ownership, but for the rest of us, it is totally unfair and creates a slanted playing field upon which wealth tends to gravitate to the rich and well-connected. Free-market or socialist, every government`s allocation method results in `denial to everyone of free access to all land`, for which ALL governments should provide compensation.
    Consequently, our NEW SYSTEM should pay to every legal adult resident $1000 per month (of the new, non-Fed, non-Debt-Money) which can REPLACE ALL FORMS OF PERSONAL AND CORPORATE WELFARE AND SUBSIDIES, no financial qualification required and no restriction on earning additional income (saving us billons in Social Security and Welfare bureauracracy costs and leaving Congress very little to do). Compensation for minors should be held in a trust fund to avoid incentivizing `baby factories`. Since everyone gets the same amount of compensation, this plan does NOT redistribute wealth, but will be of most help to those with the least accumulated wealth. Besides its immediate and direct assault on poverty, the benefits of this part of our NEW SYSTEM should include a reduction in crimes of all sorts, more jobs at better pay, better childcare, more rural homesteading, better maintained urban areas, no more `homeless veterans`, less intrusive and cheaper government with lower military-related expenses and a safer world in general. We can expect residents of other countries to insist their governments either copy our NEW SYSTEM or else apply for U.S. statehood (as Texas did in 1845) as soon as the see how well this NEW SYSTEM works.
    HEALTH CARE...the AMA and FDA work to constrain competition in order to maximize the medical and pharmaceutical industries` ability to extort unconscionable prices for services and substances that should be affordable out-of-pocket. We need to train up thousands more doctors and other healthcare professionals and to decriminalize and unbridle access for adults to WHATEVER drugs adults feel they need and let the market work to make prices of normal medical help and pharmacology affordable. TO KICK OUR CRUDE (OIL) HABIT, Congress could add on a 10% surcharge at the gas pump, bump it up another 10% every 6 months, and rebate the surcharge revenue in monthly equi-dollar amounts to every registered car OWNER, regardless of how much they drive. The surcharge will incentivize cheaper alternatives which will rapidly come to market, no government subsidies or mandates required.
    HELP ME SEND THIS MESSAGE to candidates running for Congress in 2010 and 2012. In order to get elected, you will need to pledge to help us THROW OFF the predatory Federal Reserve System and devise a NEW SYSTEM, one that ``provides new Guards for our future Security``. We can send a very clear message to those candidates with a MASS WRITE-IN CAMPAIGN for an unknown candidate running for no other purpose than to send that message. (That`s where I come in.) With the major parties fielding candidates who seem to be decent people but who are apparently unaware of the damage the present system is causing to us NORMAL folk, and with the 3rd parties addressing only symptoms rather than the BAD SYSTEM at cause, this election is the ideal time to vote for REAL CHANGE, not just new faces. I will register as a write-in candidate in every state from which I get emails expressing support. Pass this message along to several people every day (or, even better, to everyone you know today, and to everyone you meet from now on). IF EACH OF US EVERY DAY CONVINCE EVEN ONE OTHER PERSON TO JOIN US, OVER ONE BILLION PEOPLE CAN BE `ON BOARD` IN 30 DAYS. Get out (and online) and DO IT! For questions or more info, email alan_jacquemotte@yahoo...
    MAKE COPIES OF THIS PAGE AND HAND THEM OUT. THE HARDER WE PEDAL, THE FASTER WE`LL GET THERE.






    Reply
  • commenter
    paulk8756
    Sep 30 09:46 AM
    OPEC: Good is Bad - Bad is Good [view article]
    OPEC's safe so long as the Democrats control the U.S. Congress. Their prohibitions against the development of our nation's vast domestic energy reserves (oil, natural gas, coal, nuclear, oil shale, gas hydrates, and even wind and solar) virtually guarantees OPEC's continued world wide energy dominance. Reply
  • commenter
    4263mike
    Sep 30 09:29 AM
    Tuesday Outlook: Commodities, Emerging Markets, More [view article]
    If you really think you have a voice in Washington, try contacting your Representative. I got this message just a few minutes ago - - and you trust them to know what they are doing on anything!

    Messaging Service Unavailable
    The House of Representatives is currently experiencing an extraordinarily high amount of email traffic. The Write Your Representative function is therefore intermittantly available. While we realize communicating to your Members of Congress is critical, we suggest attempting to do so at a later time, when demand is not so high. System engineers are working to resolve this issue and we appreciate your patience.


    Reply
  • commenter
    Illusional
    Delusion
    Sep 30 09:15 AM
    Tuesday Outlook: Commodities, Emerging Markets, More [view article]
    I don't think that is the case, since probably the entire congress needs to be examined over their lack of oversight before the "crisis". It always amazes me how these people can get to congress but now we can evaluate whether these men and women can really lead. Hopefully, this lesson will not be lost within 2 weeks by the media.

    I'm against the bailout as well, and I hold stocks also. I think a correction is more beneficial to the global economy than the bailout. Corrections are needed to right inflated prices. Besides, the consolidation of banks probably mean that the good banks probably did enough homework to avoid going out of business anyway, so why do we need a 700 billion blank check now? Fishy right?     Reply
  • commenter
    Herbert
    Hoover
    Sep 30 08:57 AM
    Tuesday Outlook: Commodities, Emerging Markets, More [view article]
    Nancy hurt my feelings so I'm going to let 2$ trillion go up in smoke???????? Maybe we need more mature congressmen? Reply
  • commenter
    4263mike
    Sep 30 08:53 AM
    Tuesday Outlook: Commodities, Emerging Markets, More [view article]
    Sorry MKW, I'm with Dave. We are getting noting but crises sound bites; remember Y2k, and Iraq/WMD. I thought the financial world would come to an end Monday or no later than Tuesday if the bail out wasn't passed. Looks kind of like it did last week and its Tuesday. Oh, now we have until Thursday or Friday. If the financial system is frozen, it may well be because they want to see how much free taxpayer money that can get before they make any decision on how to fix the problem themselves. AND, MKW, many years of experience in the corporate world has shown me that when somebody tries to intimidate me into doing something that I would rather not, its because their motives are suspicious/disingenuou... and they don't want you to know the details/facts! Thank you Nancy, you are such a wonderful leader. Reply
  • commenter
    MKW
    Sep 30 08:35 AM
    Tuesday Outlook: Commodities, Emerging Markets, More [view article]
    I'm sorry, Pelosi's speech was inappropriate, but any Republican congresspeople who decided to change their vote (and in the process risk setting dynamite at the foundation of the economy) due to it need to be demoted to something more appropriate to their judgment and maturity level. Junior High School comes to mind. Reply
  • commenter
    peterthepain
    ter
    Sep 30 04:57 AM
    My Website
    Don't Fight an Expensive Bull Market [view article]
    yes...down first...earnings will fall...sure we'll go up...in time!
    but down first eh?     Reply
  • commenter
    Stone Fox
    Capital
    Sep 29 07:22 PM
    My Website
    Don't Fight an Expensive Bull Market [view article]
    The earnings yield of the S&P 500 is significantly above that of the 2 year note making the market currently 70% undervalued. Its hard to argue that stocks aren't the cheaper investment at this point. Reply
  • commenter
    RCA
    Sep 29 11:28 AM
    My Website
    Don't Fight an Expensive Bull Market [view article]
    "However, for these two key people, one of whom will soon be the elected leader of the most economically powerful nation in the world..."

    I would rephrase that to say, "the formerly most economically powerful nation in the world."

    I'm not sure that we will survive this current crisis and maintain anything resembling economic (let alone moral) leadership. The "liars and criminals" you cite, just may have taken us over the brink to the point of no return becuase of their philosophy of "Greed is good for me. The rest of you be damned!"

    The next few months will be very interesting, to say the least. We are at a watershed moment in American history. Whatever happens with the financial services industry, the credit crisis, the bailout, and the elections, we will emerge from it all a very different nation. It will be a brave new world. God help us!     Reply
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