NoFate's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/104977/comments http://seekingalpha.com/article/99359-5-reasons-stocks-will-keep-falling?source=feed#comment-279971 279971
Further, Obama's increased likelihood of election didn't cause the crash! That is the most ridiculous thing I ever heard! His numbers went up because nobody believes McCain can fix it ...your causation is backwards.

In addition, I also disagree with the author on oil and the US$ for the same reasons as the first post.

Finally, it just stuns me how much disinformation is out there ...and what you all buy into sometimes! I am a Libertarian and am sick of being lied to by both parties and their media outlets.]]> Sat, 11 Oct 2008 15:48:37 -0400
Further, Obama's increased likelihood of election didn't cause the crash! That is the most ridiculous thing I ever heard! His numbers went up because nobody believes McCain can fix it ...your causation is backwards.

In addition, I also disagree with the author on oil and the US$ for the same reasons as the first post.

Finally, it just stuns me how much disinformation is out there ...and what you all buy into sometimes! I am a Libertarian and am sick of being lied to by both parties and their media outlets.]]> http://seekingalpha.com/article/99452-how-to-handle-a-snap-back-rally-if-we-get-one?source=feed#comment-279960 279960
Back to my trading...]]> Sat, 11 Oct 2008 15:24:01 -0400
Back to my trading...]]> http://seekingalpha.com/article/99290-how-not-to-think-about-investing?source=feed#comment-278537 278537
When we can finally read a financial statement for a bank without worrying about "mark to myth" or off the books SIVs ...and actually figure out what they are worth... then there will be no counter-party risk.

It's good to see that you are finally bearish Jeff ...too bad you are still not understanding the root problem.]]> Fri, 10 Oct 2008 04:39:27 -0400
When we can finally read a financial statement for a bank without worrying about "mark to myth" or off the books SIVs ...and actually figure out what they are worth... then there will be no counter-party risk.

It's good to see that you are finally bearish Jeff ...too bad you are still not understanding the root problem.]]> http://seekingalpha.com/article/98565-the-next-bull-market-could-be-rentals?source=feed#comment-274161 274161
I would also point out that the SUPPLY of houses (and apartments) increased dramatically in the past 7 years also.

So demand for rentals should increase, but supply of rentals should increase as well. I would be very careful with the author's thesis.

I would also point out that the C-S Index is still dropping like a rock and will likely shoot past the mean before it starts to flatten out. Banks are demanding 30% down on rentals because they realize this (i.e. grew a brain). So even if you get positive cash flow, you will likely lose equity immediately (unless you get a really good deal).

I plan to buy houses to rent, but am waiting for blood in the streets. When the Case-Shiller index is almost flat in another year or two I will start looking. Until then I am very happy sitting on cash.]]> Sun, 05 Oct 2008 16:19:31 -0400
I would also point out that the SUPPLY of houses (and apartments) increased dramatically in the past 7 years also.

So demand for rentals should increase, but supply of rentals should increase as well. I would be very careful with the author's thesis.

I would also point out that the C-S Index is still dropping like a rock and will likely shoot past the mean before it starts to flatten out. Banks are demanding 30% down on rentals because they realize this (i.e. grew a brain). So even if you get positive cash flow, you will likely lose equity immediately (unless you get a really good deal).

I plan to buy houses to rent, but am waiting for blood in the streets. When the Case-Shiller index is almost flat in another year or two I will start looking. Until then I am very happy sitting on cash.]]> http://seekingalpha.com/article/85459-the-media-has-mistaken-a-major-re-allocation-for-a-recession?source=feed#comment-208043 208043
1. The enforcement of SEC rules against naked short selling will provide stability for the financials.
- Didn't help China much did it? I think it will smooth out the race to the bottom though.

2. Non-financial earnings results to exceed lowered expectations.
- Energy, sure. The others had their expectations lowered about a week ago. We have been in an earnigns recession for a year now with no indication of a turn around.

3. Probable 2% GDP growth announced for 2nd quarter.
- Maybe, because of the stimulus checks ...if you can even believe the government statistics. There will not be the huge growth expected in the 2nd half everyone was predicting though.

4. Evidence of a significant decline in oil demand.
- Oil demand declines when emerging market growth slows down. Think this is a good thing for stocks?

5. Booming exports.
- Somewhat, but this is because the US$ is weak. The exports do not come close to making up for the food and energy price increases.

6. Low stock valuation.
- Huh? The PEs on the S&P are still over 20. The historical norm is around 15 I think and we are overdue for a mean reversion. Oh that's right ...it's different this time!

7. Low interest rates, low taxes, and an additional stimulus package on the way.
- Hmmmm, maybe liquidity trap, reduced government revenues and increased government deficits. Sound like fun?

Anyway, banks have 100s of billions of additional unknown write-downs since they can't even predict how many more foreclosures there will be or how far down home prices will go. Banks margins are going to continue to be stretched. The Fed is damn near out of bullets. The consumer is in debt up to their eyeballs. Unemployment is rising, profits are declining, etc...

Anyway ...SOLD TO YOU!]]> Thu, 17 Jul 2008 16:04:32 -0400
1. The enforcement of SEC rules against naked short selling will provide stability for the financials.
- Didn't help China much did it? I think it will smooth out the race to the bottom though.

2. Non-financial earnings results to exceed lowered expectations.
- Energy, sure. The others had their expectations lowered about a week ago. We have been in an earnigns recession for a year now with no indication of a turn around.

3. Probable 2% GDP growth announced for 2nd quarter.
- Maybe, because of the stimulus checks ...if you can even believe the government statistics. There will not be the huge growth expected in the 2nd half everyone was predicting though.

4. Evidence of a significant decline in oil demand.
- Oil demand declines when emerging market growth slows down. Think this is a good thing for stocks?

5. Booming exports.
- Somewhat, but this is because the US$ is weak. The exports do not come close to making up for the food and energy price increases.

6. Low stock valuation.
- Huh? The PEs on the S&P are still over 20. The historical norm is around 15 I think and we are overdue for a mean reversion. Oh that's right ...it's different this time!

7. Low interest rates, low taxes, and an additional stimulus package on the way.
- Hmmmm, maybe liquidity trap, reduced government revenues and increased government deficits. Sound like fun?

Anyway, banks have 100s of billions of additional unknown write-downs since they can't even predict how many more foreclosures there will be or how far down home prices will go. Banks margins are going to continue to be stretched. The Fed is damn near out of bullets. The consumer is in debt up to their eyeballs. Unemployment is rising, profits are declining, etc...

Anyway ...SOLD TO YOU!]]> http://seekingalpha.com/article/70866-stocks-rally-on-financial-writedowns-overly-optimistic?source=feed#comment-135532 135532
It will probably take another 2 years for housing prices to bottom ...at which point they will finally be able to "mark to market" all their mortgage backed securities ...and take their final writedowns (if they are not off-balance sheet on SIVs)!]]> Wed, 02 Apr 2008 17:30:20 -0400
It will probably take another 2 years for housing prices to bottom ...at which point they will finally be able to "mark to market" all their mortgage backed securities ...and take their final writedowns (if they are not off-balance sheet on SIVs)!]]> http://seekingalpha.com/article/70418-calls-for-a-market-ready-to-rocket-higher?source=feed#comment-134454 134454
Sure, we hit a bottom ...and subprime is contained ...and the rest of the world will decouple ...and earnings will rebound in H2 ...and if you click your heels together 3 times the economy will fix itself!

Nice job Jason ...any credibility you did have is now gone.]]> Tue, 01 Apr 2008 03:56:41 -0400
Sure, we hit a bottom ...and subprime is contained ...and the rest of the world will decouple ...and earnings will rebound in H2 ...and if you click your heels together 3 times the economy will fix itself!

Nice job Jason ...any credibility you did have is now gone.]]> http://seekingalpha.com/article/68667-how-to-trade-this-bear-market-barron-s?source=feed#comment-127441 127441
Now the rest of the investment banks have to drop to $2 and we might be at a bottom.

Disagree? Great ...SOLD TO YOU!
]]> Mon, 17 Mar 2008 02:21:59 -0400
Now the rest of the investment banks have to drop to $2 and we might be at a bottom.

Disagree? Great ...SOLD TO YOU!
]]> http://seekingalpha.com/article/68265-the-college-educated-are-getting-richer?source=feed#comment-125759 125759
This is probably due to off-shoring and globalization ...although this should begin to turn around. I've read places like China and India are starting to have shortages of educated workers and this is why their inflation is starting to rise.

I'm guessing more educated workers will further increase the spread over the next 10 years.]]> Wed, 12 Mar 2008 19:53:26 -0400
This is probably due to off-shoring and globalization ...although this should begin to turn around. I've read places like China and India are starting to have shortages of educated workers and this is why their inflation is starting to rise.

I'm guessing more educated workers will further increase the spread over the next 10 years.]]> http://seekingalpha.com/article/68226-here-s-hoping-tuesday-s-fed-move-spurs-a-recovery-in-credit-markets?source=feed#comment-125718 125718 Wed, 12 Mar 2008 17:38:29 -0400 http://seekingalpha.com/article/68265-the-college-educated-are-getting-richer?source=feed#comment-125717 125717
Very interesting and supports what I have been thinking. I think this is what underlies race also ...more whites/asians have more education (on average) than blacks/latinos ...and on average make considerably more.

Class warfare and Race warfare evolves into ...knowledge warfare!

This is hard to swallow for many people because they can't blame society and have to accept it is their own fault they didn't go to college.

]]> Wed, 12 Mar 2008 17:25:33 -0400
Very interesting and supports what I have been thinking. I think this is what underlies race also ...more whites/asians have more education (on average) than blacks/latinos ...and on average make considerably more.

Class warfare and Race warfare evolves into ...knowledge warfare!

This is hard to swallow for many people because they can't blame society and have to accept it is their own fault they didn't go to college.

]]> http://seekingalpha.com/article/68233-a-sensible-and-refreshing-move-from-the-fed?source=feed#comment-125620 125620
Is this the right decision? This is what the Fed did for the banks yesterday.

What they should have done is "tough love." Step on their damn necks and tell them to take their proper write-downs (that are hidden on their SIVs or are still inflated due to "mark to myth").

Until there is trust and responsibility, more liquidity will not solve the problem.]]> Wed, 12 Mar 2008 13:31:45 -0400
Is this the right decision? This is what the Fed did for the banks yesterday.

What they should have done is "tough love." Step on their damn necks and tell them to take their proper write-downs (that are hidden on their SIVs or are still inflated due to "mark to myth").

Until there is trust and responsibility, more liquidity will not solve the problem.]]> http://seekingalpha.com/article/67789-nowhere-near-a-real-estate-bottom?source=feed#comment-125605 125605
I also find I get better information from blogs than from the mass media. These days I trust The Economist and that's about it.

Finally, I will short this bear to the bottom and will probably make a ton of money doing so. That doesn't mean I find it amusing. In fact I find it rather disgusting that we are currently being run like a banana republic. Monoline ratings are a joke, banks are technically insolvent and the Fed is unwilling to make the hard choices required to fix it. Think about it ...if you had a teenager who constantly maxed out her credit cards and didn't make payments would your solution be to double her limits? Nuff said...]]> Wed, 12 Mar 2008 13:12:01 -0400
I also find I get better information from blogs than from the mass media. These days I trust The Economist and that's about it.

Finally, I will short this bear to the bottom and will probably make a ton of money doing so. That doesn't mean I find it amusing. In fact I find it rather disgusting that we are currently being run like a banana republic. Monoline ratings are a joke, banks are technically insolvent and the Fed is unwilling to make the hard choices required to fix it. Think about it ...if you had a teenager who constantly maxed out her credit cards and didn't make payments would your solution be to double her limits? Nuff said...]]> http://seekingalpha.com/article/67789-nowhere-near-a-real-estate-bottom?source=feed#comment-125472 125472
Someone now has to eat that debt! Let me repeat that ...someone now has to eat that debt! The money is spent and/or the LTV >100% (and people are walking).

Someone will also have to eat the bad debt in auto loans, credit cards and CRE ...also all ready to go off like a bomb shortly as well.

We are looking at bad debt equal to at least half our GDP (which is $13 trillion). The big question is who will eat the debt?? I think there are only 3 choices:
- Investors in mortgage backed investments. They will eat it if nothing is done.
- Banks. They created the mess, so Bernanke's recommendation has some poetic justice.
- Taxpayers. This could take the form of buying mortgages, insuring mortgages, giving people money, etc.

The banks are the only reasonable answer. If it's the investors the financial system comes unraveled and the banks never come clean creating a Japan style deflation. If it's the taxpayers it creates moral hazard and a host of other problems.

Two huge problems remain though:
1) Bottom line is the banks need to come clean and go public with their true issues or the credit crunch continues due to lack of trust.
2) Nobody knows how low housing prices will go yet ...so nobody knows how many foreclosures ...so nobody can really estimate true losses yet. And prices are sticky ...they take alot of time to drop compared to other investments.

The worst part though is the Fed auctions and interest rate cuts don't address either of these two core issues. Bottom line ...the US is sceeerewed for at least 1-2 years ...much longer if this doesn't get fixed. ]]> Wed, 12 Mar 2008 04:53:23 -0400
Someone now has to eat that debt! Let me repeat that ...someone now has to eat that debt! The money is spent and/or the LTV >100% (and people are walking).

Someone will also have to eat the bad debt in auto loans, credit cards and CRE ...also all ready to go off like a bomb shortly as well.

We are looking at bad debt equal to at least half our GDP (which is $13 trillion). The big question is who will eat the debt?? I think there are only 3 choices:
- Investors in mortgage backed investments. They will eat it if nothing is done.
- Banks. They created the mess, so Bernanke's recommendation has some poetic justice.
- Taxpayers. This could take the form of buying mortgages, insuring mortgages, giving people money, etc.

The banks are the only reasonable answer. If it's the investors the financial system comes unraveled and the banks never come clean creating a Japan style deflation. If it's the taxpayers it creates moral hazard and a host of other problems.

Two huge problems remain though:
1) Bottom line is the banks need to come clean and go public with their true issues or the credit crunch continues due to lack of trust.
2) Nobody knows how low housing prices will go yet ...so nobody knows how many foreclosures ...so nobody can really estimate true losses yet. And prices are sticky ...they take alot of time to drop compared to other investments.

The worst part though is the Fed auctions and interest rate cuts don't address either of these two core issues. Bottom line ...the US is sceeerewed for at least 1-2 years ...much longer if this doesn't get fixed. ]]> http://seekingalpha.com/article/68137-tuesday-was-4th-largest-point-gain-in-dow-s-history?source=feed#comment-125471 125471
If I counted correctly, it appears only 1 out of the top 12 point gains were in a bull market.

10 out of 12 were during the 2000-2002 recession (and thus sucker rallies).

The final one was today. This would anecdotally indicate that there is a 10/11 probability (91%) we are in a bear market ...though I agree percent changes are better indicators than points.]]> Wed, 12 Mar 2008 04:31:14 -0400
If I counted correctly, it appears only 1 out of the top 12 point gains were in a bull market.

10 out of 12 were during the 2000-2002 recession (and thus sucker rallies).

The final one was today. This would anecdotally indicate that there is a 10/11 probability (91%) we are in a bear market ...though I agree percent changes are better indicators than points.]]> http://seekingalpha.com/article/67252-the-federal-reserve-the-economy-and-stocks?source=feed#comment-122626 122626
There are NO technical indications that we are at a bottom ...and using treasury yield ratios is pretty friggin arcane if you ask me. You might use that kind of information as a part of your analysis, but are you really willing to hang your entire thesis on that??

And sometimes when more people are bearish than usual it just means stocks are going down further. When people were bullish for 5 years it didn't mean we were peaking did it?

Guys - There are HUGE problems out there ...maybe the Fed will save the day, but we essentially still have the same set of problems we did 6-9 months ago ...except they have just gotten far worse. Nothing has been fixed at all. Why should I have faith that things aren't gonna get alot worse before they get better?]]> Wed, 05 Mar 2008 18:07:23 -0500
There are NO technical indications that we are at a bottom ...and using treasury yield ratios is pretty friggin arcane if you ask me. You might use that kind of information as a part of your analysis, but are you really willing to hang your entire thesis on that??

And sometimes when more people are bearish than usual it just means stocks are going down further. When people were bullish for 5 years it didn't mean we were peaking did it?

Guys - There are HUGE problems out there ...maybe the Fed will save the day, but we essentially still have the same set of problems we did 6-9 months ago ...except they have just gotten far worse. Nothing has been fixed at all. Why should I have faith that things aren't gonna get alot worse before they get better?]]> http://seekingalpha.com/article/67230-cnbc-s-gasparino-joining-the-plunge-protection-team?source=feed#comment-122551 122551
For those who think this is ok because you are on the right side of the trade remember that this won't always be the case.

Between the Ambac deal itself (which is fraud ...AAA? Really??) and all the market manipulation we are looking more and more like a banana republic.

Apparently George W. didn't F up everything in 7 years. The SEC, Federal Reserve, state regulators, investment bankers and rating agencies are hard at work finishing the job though.]]> Wed, 05 Mar 2008 14:59:56 -0500
For those who think this is ok because you are on the right side of the trade remember that this won't always be the case.

Between the Ambac deal itself (which is fraud ...AAA? Really??) and all the market manipulation we are looking more and more like a banana republic.

Apparently George W. didn't F up everything in 7 years. The SEC, Federal Reserve, state regulators, investment bankers and rating agencies are hard at work finishing the job though.]]> http://seekingalpha.com/article/67252-the-federal-reserve-the-economy-and-stocks?source=feed#comment-122547 122547
We are in a confirmed Bear market ...until we confirm a new Bull market we will be in a Bear market and we should act accordingly.

Finally, there are many relevant blogs out there ...the Big Picture, CR , Mish, Roubini, etc. Their arguments are usually MUCH stronger than "the Fed is working on it" or "the Fed said so", so no worries!]]> Wed, 05 Mar 2008 14:49:07 -0500
We are in a confirmed Bear market ...until we confirm a new Bull market we will be in a Bear market and we should act accordingly.

Finally, there are many relevant blogs out there ...the Big Picture, CR , Mish, Roubini, etc. Their arguments are usually MUCH stronger than "the Fed is working on it" or "the Fed said so", so no worries!]]> http://seekingalpha.com/article/67209-the-risk-of-missing-a-reentry-when-the-market-turns?source=feed#comment-122537 122537 - double bottom / higher low
- reverse death cross
- 200DMA turned back up
- broke the trend line
- probably a ton of other tech indicators I don't even know

I am far more scared of GETTING another 30% drop than LOSING the first 10% rise in the new bull market. This is particularly true since there is NO indication we are at a bottom yet.

Further, gold is unpredictable ...particularly now that it has gone parabolic! As a small percentage of a portfolio or a tightly monitored trade I think it is great, but the bottom can fall out quickly.

Finally, the only thing I find predictable in this market is that equities will drop further. The trend is your friend ...cash + QID, SDS, TWM, etc. until we confirm a bottom ...then go long again. This really shouldn't be all that complicated ...and if things do turn out like 2001-03 we still have a loooong way to fall yet.

]]> Wed, 05 Mar 2008 14:09:35 -0500 - double bottom / higher low
- reverse death cross
- 200DMA turned back up
- broke the trend line
- probably a ton of other tech indicators I don't even know

I am far more scared of GETTING another 30% drop than LOSING the first 10% rise in the new bull market. This is particularly true since there is NO indication we are at a bottom yet.

Further, gold is unpredictable ...particularly now that it has gone parabolic! As a small percentage of a portfolio or a tightly monitored trade I think it is great, but the bottom can fall out quickly.

Finally, the only thing I find predictable in this market is that equities will drop further. The trend is your friend ...cash + QID, SDS, TWM, etc. until we confirm a bottom ...then go long again. This really shouldn't be all that complicated ...and if things do turn out like 2001-03 we still have a loooong way to fall yet.

]]> http://seekingalpha.com/article/67144-sell-side-still-sees-s-p-500-up-20-by-year-s-end?source=feed#comment-122252 122252
Aren't these the same guys who predicted 12% earnings growth in Q407 (and 14% this quarter)??

Rhetorical question...
]]> Wed, 05 Mar 2008 02:10:57 -0500
Aren't these the same guys who predicted 12% earnings growth in Q407 (and 14% this quarter)??

Rhetorical question...
]]> http://seekingalpha.com/article/66410-is-wells-fargo-s-latest-memo-a-sign-real-estate-is-bottoming?source=feed#comment-120042 120042
Based on the CS Index housing prices are falling faster than any time in US history. Catch a falling broadsword?

And yeah, they are way late ...along with everyone else. They probably don't have much margin left to make loans anyway though ...and they sure can't sell the mortgages to anyone else.]]> Thu, 28 Feb 2008 04:10:23 -0500
Based on the CS Index housing prices are falling faster than any time in US history. Catch a falling broadsword?

And yeah, they are way late ...along with everyone else. They probably don't have much margin left to make loans anyway though ...and they sure can't sell the mortgages to anyone else.]]> http://seekingalpha.com/article/65686-how-to-help-both-homeowners-and-lenders-at-no-public-cost?source=feed#comment-118622 118622 1) The warrents being useless.
2) The owner still ending up underwater.

This slows down the inevitable by lowering the mortgage payment for a while, but that's about it. Eventually the owner will still probably walk away.

What scares me is the bank bail-out floating around congress these days. They essentially want this ...except they want FHA insurance to cover any further drops below current market price.

I didn't know so many bankers were communists!]]> Mon, 25 Feb 2008 05:38:26 -0500 1) The warrents being useless.
2) The owner still ending up underwater.

This slows down the inevitable by lowering the mortgage payment for a while, but that's about it. Eventually the owner will still probably walk away.

What scares me is the bank bail-out floating around congress these days. They essentially want this ...except they want FHA insurance to cover any further drops below current market price.

I didn't know so many bankers were communists!]]> http://seekingalpha.com/article/65317-still-too-early-to-celebrate-dow-and-s-p-500-rise?source=feed#comment-117772 117772
steven and Dana - SOLD TO YOU! ]]> Fri, 22 Feb 2008 02:27:11 -0500
steven and Dana - SOLD TO YOU! ]]> http://seekingalpha.com/article/65196-housing-is-it-going-to-get-worse-before-it-gets-better?source=feed#comment-117544 117544
Also, who cares what the Fed sets the rate to? Who in their right mind is going to borrow money to buy a depreciating asset (unless it is a NEGATIVE interest rate)?

The market will have to sort it out. Banks will fail. People will hurt. Companies will go bankrupt. Government will do what it can. The quicker and cleaner we can work thru this 5 year long "misappropriation of capital" the better off we will be.]]> Thu, 21 Feb 2008 04:13:17 -0500
Also, who cares what the Fed sets the rate to? Who in their right mind is going to borrow money to buy a depreciating asset (unless it is a NEGATIVE interest rate)?

The market will have to sort it out. Banks will fail. People will hurt. Companies will go bankrupt. Government will do what it can. The quicker and cleaner we can work thru this 5 year long "misappropriation of capital" the better off we will be.]]> http://seekingalpha.com/article/65169-is-the-worst-behind-us?source=feed#comment-117543 117543
You indicate that you don't think we are at a bottom ...but if investors want to go long that's ok too.

That's kind of like saying there is no water in the pool ...but if you REALLY want to go swimming then jump in!]]> Thu, 21 Feb 2008 03:55:07 -0500
You indicate that you don't think we are at a bottom ...but if investors want to go long that's ok too.

That's kind of like saying there is no water in the pool ...but if you REALLY want to go swimming then jump in!]]> http://seekingalpha.com/article/63101-buying-the-oversold-financial-sector?source=feed#comment-115001 115001
I really doubt it is a low though. As others have pointed out, there is still serious unwinding ahead with housing foreclosures, other forms of credit defaulting and additional mortgage backed debt imploding (because of the first two and the ratings games).

No sir, I think we are just about getting started here. Them financial folks dug themselves a nice big hole.]]> Thu, 07 Feb 2008 02:32:39 -0500
I really doubt it is a low though. As others have pointed out, there is still serious unwinding ahead with housing foreclosures, other forms of credit defaulting and additional mortgage backed debt imploding (because of the first two and the ratings games).

No sir, I think we are just about getting started here. Them financial folks dug themselves a nice big hole.]]> http://seekingalpha.com/article/63150-what-the-housing-apocalypse-prophets-aren-t-revealing?source=feed#comment-114997 114997
There are 2 numbers I need. First, we have a 10 month supply of unsold homes. Second, the Case Shiller Composite registered the first annual drop since WWII ...and the graph looks like we are stepping off a cliff!

What is it with you guys? You read some numbers you don't understand and suddenly you are an EXPERT?!

Anyway, SOLD TO YOU! What a rube...]]> Thu, 07 Feb 2008 02:21:15 -0500
There are 2 numbers I need. First, we have a 10 month supply of unsold homes. Second, the Case Shiller Composite registered the first annual drop since WWII ...and the graph looks like we are stepping off a cliff!

What is it with you guys? You read some numbers you don't understand and suddenly you are an EXPERT?!

Anyway, SOLD TO YOU! What a rube...]]> http://seekingalpha.com/article/63390-america-s-middle-class-living-large?source=feed#comment-114996 114996
Seriously though, I think our generation is doing ok. The reality though is that our kids are sceeeee-rewed.

If we can't turn around the rising cost of SS, MC, the National Debt, energy crisis, environmental damage, etc.

Sorry, but our biggest threat IS NOT al Queda. It is the baby boomers retiring and the Chinese/Indian middle classes in 30-40 years.]]> Thu, 07 Feb 2008 02:03:04 -0500
Seriously though, I think our generation is doing ok. The reality though is that our kids are sceeeee-rewed.

If we can't turn around the rising cost of SS, MC, the National Debt, energy crisis, environmental damage, etc.

Sorry, but our biggest threat IS NOT al Queda. It is the baby boomers retiring and the Chinese/Indian middle classes in 30-40 years.]]> http://seekingalpha.com/article/62451-when-the-going-gets-tough-the-nar-advertises?source=feed#comment-114196 114196
When the Case-Shiller composite starts to flatten out. Housing turns slooooowly ...not like stocks. Right now the CS chart looks like a cliff dive!

Anybody who thinks we near a bottom took one too many bong hits.
]]> Sat, 02 Feb 2008 04:07:52 -0500
When the Case-Shiller composite starts to flatten out. Housing turns slooooowly ...not like stocks. Right now the CS chart looks like a cliff dive!

Anybody who thinks we near a bottom took one too many bong hits.
]]> http://seekingalpha.com/article/62451-when-the-going-gets-tough-the-nar-advertises?source=feed#comment-114195 114195
I am simply amazed that some bright young attorney hasn't filed a class action law suit against these morons yet.

These bastards are no better than boiler room pump monkeys. ]]> Sat, 02 Feb 2008 04:02:24 -0500
I am simply amazed that some bright young attorney hasn't filed a class action law suit against these morons yet.

These bastards are no better than boiler room pump monkeys. ]]>