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  • Yields Of 10%+: Market Insanity Leads To Huge Opportunity [View article]
    Yup. After the bubbles and craziness from the last decade, "never say never". Publicly traded anything could be up or down 40% or more in a NY minute for no apparent reason -- until the details are "revealed" later.

    You got to trade the traders.
    You can't pick your neighbors, and you can't pick your Fed Chairman.

    Jun 9 12:21 PM | 5 Likes Like |Link to Comment
  • Beware Long-Term Damage From Stock Market Bubble Forming Now [View article]
    It's not what the Fed is doing to condition investors, it's the interest rate environment borrowers are and will demand going forward.

    Stress test it. Open the market Monday morning with a 5% 30-year mortgage just as a test. Would every home sale now in escrow fall out?

    Set auto loans at 7 to 8% and see what car sales do that week.

    Interest rates are artificial, P/E's are artificial. I do agree that non-discretionary will hold up against almost any headwind. People will pay their telecom bill, insurance, health care, etc.

    Remember in spite of almost zero rates across the board, the US economy is still at or near stall speed.
    May 17 08:57 PM | 5 Likes Like |Link to Comment
  • Why A Stock Market Bubble Is Forming Right Now [View article]
    The stock market is also supply and demand.

    Artificially low interest rates = insane big cap bond sales = crazy buy backs = record insider selling.

    The usual wealth transfer from shareholders to insiders, and taxpayers to insider/politicos.

    Great work if you can get it.
    Including the N Cal lifetime $400k per year for life pensioner.

    James -- you have been calling for an S&P blow-up now for 3 or 4 years. :)
    May 3 03:38 PM | 5 Likes Like |Link to Comment
  • Wind And Solar Share Fatal Flaws: Politics And Variability Of Output [View article]
    If the Left would allow a fair and balanced analysis, NOTHING could hold a candle (no pun intended) to nat gas in the short/medium term.
    Apr 4 10:02 PM | 5 Likes Like |Link to Comment
  • Flying High On Borrowed Wings [View article]
    The US is "payment nation".

    Will anyone buy a house going forward without a sub 4% mortgage? Will anyone pay cash for a house if they could get a 5% CD?

    Will anyone buy an iPad or a washer/dryer without 0% interest for 18 to 36 months?

    Will anyone buy a car without a sub 2% loan?

    Ben has painted himself into a corner, AND hammered savers for the past 5 years now.
    Apr 2 08:18 PM | 5 Likes Like |Link to Comment
  • Why I Am A Long-Term Apple Bear [View article]
    This will be like "nobody got fired buying IBM". Same thing now for iPhone and iPad.

    Google has shown a propensity for dropping products/services that don't quite work out as expected.

    Are you really going to bet the farm on NOK/MSFT smartphone and tablets?
    Apr 23 03:22 PM | 5 Likes Like |Link to Comment
  • Why I Am A Long-Term Apple Bear [View article]
    Hard to believe the "TV gurus" and article writers don't understand corporate purchasing. The key is a standard, any standard. Apple has won as far as smartphones and tablets are concerned.

    (1) productivity gains dwarf the initial cost of iPhone and iPad
    (2) support costs related to multiple platforms (and vendors, not to mention differing operating systems), dwarf the price difference between Apple and cheaper competitors

    Same thing happened with Word and WordPerfect, etc. etc.

    That said, who knows how the market will value the stock.
    Apr 23 02:04 PM | 5 Likes Like |Link to Comment
  • Apple: The Pullback Might Be Worse Next Week [View article]
    Those that have been watching from the sidelines are furious and kicking themselves. They feel worse than if they had some actual paper losses.

    This is the CostCo mentality -- "I never pay retail". What in the world could fundamentally make this a buy at $545 and not $600.

    You know darn well if Apple dropped to $545, the sideline guys would still NOT pull the trigger, because they would again find some reason for the drop and why Apple is "ripe" for a pullback, etc. No pun intended.

    I repeat, these guys said this at $40, $80, $160, $320, etc. It makes no difference where the price was.
    Apr 14 11:35 AM | 5 Likes Like |Link to Comment
  • North Korea's much ballyhooed long-range rocket launch ended in apparent failure today, dealing a blow to the prestige of the reclusive and impoverished state that's continually defied international pressure to push ahead with the plan. The Unha-3 rocket broke up and crashed into the South China Sea just moments after it launched.  [View news story]
    I told them not to build that rocket with Groupon deals!
    Apr 12 08:59 PM | 5 Likes Like |Link to Comment
  • Fed Policies: Dr. Bernanke's Monster [View article]
    The "system" was being held hostage and greenmailed. You can argue that we don't negotiate with hostage takers, but then the outcome is far from certain -- a lot of innocent people could get hurt.

    The hostage takers should be pursued and dealt with accordingly if possible. It might be though that they found some loopholes and played it absolutely perfectly -- a thing of beauty, if it wasn't so tragic. The perfect crime, called "too big to fail".

    Let's start with the ratings agencies. Who gave the foot soldiers the go ahead to rate the junk housing bonds, AAA? Will be interesting how high up and how broad this was.

    Let's claw-back wherever possible.
    Mar 4 09:50 PM | 5 Likes Like |Link to Comment
  • Investors sell the news on Apple [View news story]
    iPay could be huge. No COGS.
    Sep 9 04:16 PM | 4 Likes Like |Link to Comment
  • AT&T Is Undervalued [View article]
    These articles almost never address the debt or pension issues.

    VZ and T are almost legal monopolies though.
    Sep 3 11:31 AM | 4 Likes Like |Link to Comment
  • What If The Fed Has Created A Bubble? [View article]
    Is Moh saying that Main Street depends on Wall Street?
    If stocks tank, CEOs and their Boards will lay even more people off in an attempt to stem the drop?

    What genius he is. These ah ha moments by business leaders and policy makers makes one wonder. :)
    Aug 22 08:39 PM | 4 Likes Like |Link to Comment
  • Annaly Capital: When The CEO Buys $1 Millon In Shares, I Listen [View article]
    There definitely appears to be some "friction" here that could/should be eliminated in favor of shareholders.

    How many public university presidents make a $million + when many of their students are struggling to afford tuition?
    Aug 15 01:55 PM | 4 Likes Like |Link to Comment
  • Muni Investors Should Watch Both Ends Of The Curve [View article]
    Most/many bond investors buy and hold to maturity.

    If one were to sell individual munis today, what would they buy and why.
    The bid/ask spread makes it very tough to trade and adds to timing and cost of waiting issues.

    Unless you recently bought (last year or so) and you are certain the 10-year is going to 3.5 or 4% soon.
    Jun 12 12:28 AM | 4 Likes Like |Link to Comment