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MainStreetKate

MainStreetKate
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  • Shock analysis from mortgage analyst Mark Hanson: "Over 50% of all mortgaged households in the U.S. are effectively underwater" once implicit equity reductions are factored in. "Because repeat buyers have always carried the market as the foundation, this is why demand has not come back. It's as if half the potential buyers in America died over a two-year period of time."  [View news story]
    I dunno. I could buy. I don't wanna. Yet. Why would buy and then have to fret over the prospect of double-dip-recession & all that doom & gloom when I can live in my significant-other-of-5 years (neither of us believe in marriage) $100k underwater house. One of us fretting over our diminished equity seems quite sufficient. I'd rather hold my stock in O and keep making money. Just saying. There are plenty of us out there who COULD buy....
    Nov 8, 2011. 11:07 PM | Likes Like |Link to Comment
  • Mounting evidence that sugary drinks and fatty foods lead to addiction could spark the most important consumer safety battle since cigarettes. One-third of U.S. adults and 17% of children are obese - adding about $150B to healthcare costs and shaving anywhere from 2-10 years off people's lives.  [View news story]
    Legalize hard drugs, regulate them, and tax them to high heaven.

    People are going to do them anyway, if they want to.

    Perhaps I'll go to hell for that belief, but I strongly feel that people should be entitled to make their own decisions about what goes into their bodies.
    Nov 8, 2011. 10:32 PM | 1 Like Like |Link to Comment
  • Mounting evidence that sugary drinks and fatty foods lead to addiction could spark the most important consumer safety battle since cigarettes. One-third of U.S. adults and 17% of children are obese - adding about $150B to healthcare costs and shaving anywhere from 2-10 years off people's lives.  [View news story]
    Well, that was certainly enlightening... I'm not using my usual laden with sarcasm tone either... I actually feel like I learned something reading that comment. I love when that happens.
    Nov 5, 2011. 11:34 PM | 3 Likes Like |Link to Comment
  • Mounting evidence that sugary drinks and fatty foods lead to addiction could spark the most important consumer safety battle since cigarettes. One-third of U.S. adults and 17% of children are obese - adding about $150B to healthcare costs and shaving anywhere from 2-10 years off people's lives.  [View news story]
    Really?

    Dear Government:

    MYOB. If you don't have so little faith in your citizens that you feel the need to stick warnings and disclaimers on everything they eat "just in case" they didn't know that eating big macs 5 nights a week is really bad for them... Well, then I guess the doom & gloom crowd is probably right after all... because nonsense like this is CERTAINLY not going to help the job market or anything else for that matter.

    More Freedom. Less Government.

    That is all.
    Nov 5, 2011. 09:51 PM | 6 Likes Like |Link to Comment
  • Matt Taibbi rails at Mike Bloomberg's attempt to pin the prime-lending implosion on Congress: "Far from being dragged into poor neighborhoods and forced to give out home loans... companies like Countrywide and New Century charged into suburbs and exurbs from coast to coast with the enthusiasm of Rwandan machete mobs, looking to create as many loans as they could."  [View news story]
    I think it has become pretty evident that the whole thing was a very dramatic comedy of terribly irresponsible errors on the part of... well... pretty much everyone... Lenders, borrowers, government.... All parties involved...
    Nov 5, 2011. 08:47 PM | 4 Likes Like |Link to Comment
  • Building The Perfect Portfolio: Part 1 [View article]
    "Stocks Flat" "Lost Decade for Stocks" etcetcetc is really silliness. Maybe if you ascribe to the bygone strategy of "buy and hold FOREVER" you managed to make no money or lose money.... But if you actively manage your assets based on variations in both the macroeconomic climate & what is going on within the companies themselves... You probably are far from flat.

    I suspect this is the case, because I do not believe that I am any sort of genius or guru.... and my returns have been anything but flat in the past several years.....
    Nov 1, 2011. 09:00 PM | Likes Like |Link to Comment
  • Building The Perfect Portfolio: Part 1 [View article]
    Positive Equity beat me to it... but yep... What he/she said. Ditto that.
    Nov 1, 2011. 08:56 PM | 1 Like Like |Link to Comment
  • A 'Dumb Money' PSA: Get Out Of The S&P 500 [View article]
    I prefer to maintain my portfolio balance using negative correlation, personally.

    Be careful when predicting the end of the world. It only happens once.

    At least if it does happen, I have that balance.

    Until things simmer down a bit, anyway. At which point I reduce the amount of negative correlation & go more Risk On. But that certainly doesn't happen because the "Summit to End All Summits" throws some "vague idea of plan" bones out there to appease the masses.

    Of course, I also find the prospect of imminent global equity collapse a bit laughable.

    So I guess I'm actually a moderate right now. How uncharacteristic....... I must be getting old.
    Nov 1, 2011. 08:22 PM | 2 Likes Like |Link to Comment
  • A 'Dumb Money' PSA: Get Out Of The S&P 500 [View article]
    I love the ominous 'good luck with what's coming.' It's so Doom & Gloom that I shivered a little... Oh wait... I haven't had power since Saturday's snow storm... I'm probably shivering because I'm cold....
    Nov 1, 2011. 08:01 PM | Likes Like |Link to Comment
  • A rare October snow storm along the East Coast disrupts travel and causes power outages to over 2.3M homes and businesses. New Jersey, New York (partially), Connecticut and Massachusetts declares states of emergency, while it's total misery for the Occupy Wall St encampment in NYC.  [View news story]
    I was at the Ranger's game at MSG on Saturday... I'll tell you this... there's no way I would've remained outdoors in Manhattan for a moment longer than it took me to get from the subway to the Garden & back.

    Any Occupy Wallstreeter who didn't run for shelter is clearly a zealot.

    Zealots are scary...

    Oh yeah... Also.... not having power really sucked.
    Oct 30, 2011. 08:25 PM | 1 Like Like |Link to Comment
  • Apple (AAPL) has acquired C3 Technology, a developer of detailed 3D maps. The deal, along with Apple's purchases of mapping startups Placebase (2009) and Poly9 (2010), is a sign Apple is looking to eventually end its use of Google Maps (GOOG) as the default mapping solution for iOS hardware, in favor of a home-grown offering.  [View news story]
    Someone should write a novel using main characters based on Apple and Google as protagonist & antagonist. In fact, they should write two, using entirely different storylines & complete roll reversal.

    I'd read them both. Hell, I'd pre-order them... And I've only pre-ordered, like, 3 things in my life (a Fire being one of them, George RR Martin's "Dance with Dragons" being the second... And I'm sure there is at least at third, but I can't figure out what it was right now.)

    I find it riveting. I probably just gave away my claim to fame & wealth but I just don't have time to write 2 novels right now......
    Oct 30, 2011. 07:05 PM | Likes Like |Link to Comment
  • White smoke emerges from a government building in Brussels as it appears EU leaders have reached a deal with banks for a 50% haircut on their Greek bond holdings. A pre-dawn press conference is set to begin shortly.  [View news story]
    Typical. Just because I decided to cling to my safety net. Grrrr.
    Oct 26, 2011. 10:13 PM | 1 Like Like |Link to Comment
  • Low Consumer Confidence Is Bullish For Equities [View article]
    Consumers half-think-the-end- of-the world... (some world) is looming. And spend accordingly.

    That's my theory, of late anyway.

    I think after all the shenanigans that *have* occurred within the past decade and with all the shenanigans that *are* occurring as we speak...

    Consumers still aren't ready to throw their life savings into a down payment on a house that might lose value...

    But they *are* willing to replace their 10 year old car... Or buy that comfy mattress... Or that cute Coach bag.... Or that <insert desirable but not-quite-a-major investment item of your choice here>...

    Because... if the world DOES end...

    I'll cover that in my novel.... My thoughts on consumer spending are strictly non-fiction, however.
    Oct 26, 2011. 10:05 PM | Likes Like |Link to Comment
  • Low Consumer Confidence Is Bullish For Equities [View article]
    When everyone thinks alike, someone isn't thinking....
    Oct 26, 2011. 09:26 PM | Likes Like |Link to Comment
  • An EU-IMF report at the EU summit in Brussels warns that without a default, Greece's debt crisis could use the eurozone's entire €440B rescue fund on its own, The Daily Telegraph reports. Christine Lagarde adds that the IMF is no longer willing to participate in the country's bailout unless banks are prepared to write off 50% of their Greek debt.  [View news story]
    If the end is near, then just cross your fingers that it's zombie apocalypse that brings it about and not Greece. Then all the doom-and-gloomers can just find a safe hiding spot & keep their eyes open for the bright blue ford fusion with the "zombie outbreak task force" bumper stickers on it.

    I fully intend to be the protagonist who rounds up a group of survivors, lest the end *actually* draw nigh as so many seem to be predicting of late.

    It'd just be a lot more engaging if it involved zombies instead of Euros. Although zombie task force skills are equally effective in the event of apocalypse style looting, plundering, rioting etc. I guess....
    Oct 23, 2011. 02:15 PM | Likes Like |Link to Comment
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