VegasBob

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    • Sat Oct 11th 16:09 PM | Rating: 0 0
      Commented on:
      5 Reasons Stocks Will Keep Falling
      This economic crisis has nothing to do with Democrats promoting homeownership. That's nonsense. The crisis is the result of Wall Street greed and the elimination of traditional credit standards in the rush to score a quick buck. The mortgage backed securities that are bringing down the system were securities created by Wall Street, not by Fannie Mae and Freddie Mac.

      Never in my life have I seen the Republican party conduct a presidential campaign with such vitriol, hatred, deception, deceit and outright lies about the opposition. I've voted Republican for nearly 40 years, but I will vote Democratic in 2008.
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    • Sun Jul 13th 01:31 AM | Rating: 0 0
      Commented on:
      Fannie and Freddie: When the GSEs Go, So Goes the Dollar
      Unemployment is increasing. Therefore real estate won't bottom until 2010-2013 because people without jobs can't buy houses. There are no more NINJA loans.

      A potential Fannie/Freddie insolvency simply demonstrates what many foreign creditors are beginning to realize. The US is a profligate deadbeat that has no intention of paying anything back to anybody. The only action the US ever takes is to borrow more money. We are currently writing about $1 trillion of hot checks every year to pay for the US trade deficit and federal budget deficit.

      This non-stop borrowing will never make the dollar stronger - only progressively weaker, until our foreign creditors have had enough and cut off our credit.
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    • Thu Jun 26th 14:32 PM | Rating: 0 0
      Commented on:
      Fed Model Says S&P 500 Undervalued - Does It Matter?
      The Fed Model is the biggest crock of manure ever foisted off on gullible traders.

      There is absolutely no compelling reason to believe that stock valuations are in any way correlated with Tresury yields.

      In fact, trying to backtest the Fed Model to periods prior to 1980 proves the assertion I made above.
      View article »
    • Sat May 31st 03:26 AM | Rating: 0 0
      Commented on:
      Different Views on Housing Supply
      Housing was way overbuilt from 2001-2007, to meet demand from speculators and flippers, not resident owners. Think I'm kidding? I sold my Vegas condo in April 2006, just as the market was collapsing. I could buy it back today at a 30% discount. And my real estate agent in Vegas has not sold a property in NINE MONTHS.

      I think that everyone who wants a house and can afford one already has one. Further, as soon as there is a hint of price stabilization, sellers who are trying to wait out the decline are going to be rushing for the exits. That will put a damper on price appreciation for several years.
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    • Thu Mar 20th 19:46 PM | Rating: 0 0
      Commented on:
      Crocs: Value Building or Value Trap?
      These shoes are the ugliest things I have ever seen! The way to make money on CROX isto short this turkey all the way down to zero.
      View article »
    • Tue Jan 8th 04:50 AM | Rating: 0 0
      Commented on:
      Crox in Freefall: Will It Land in the Bargain Basement?
      I recommended shorting this stock in September when it was up to $67. I sweated while it climbed to about $77. But I was RIGHT!!!Here's a simple strategy. Short CROX!!! Don't believe me? Think back to Boston Chicken. It took a few years, but Boston Chicken dropped to pennies. So will CROX. There is nothing that is particularly remarkable about ugly rubber shoes that are full of holes. This is just a fad. When the novelty wears off, CROX will be trading for about a dime...
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    • Wed Dec 12th 02:27 AM | Rating: 0 0
      Commented on:
      Why Wouldn't The Economy Go Into Recession?
      I'm curious. How is it even possible to have a recession in an economy that produces nothing of value in the first place?
      View article »
    • Sun Nov 4th 22:01 PM | Rating: 0 0
      Commented on:
      Crocs Falls 36%: Time to Buy
      Remember Boston Chicken from 10-15 years ago? I'll short CROX and watch it drop to pennies per share...
      View article »
    • Sun Nov 4th 22:01 PM | Rating: 0 0
      Commented on:
      Crocs Falls 36%: Time to Buy
      Remember Boston Chicken from 10-15 years ago? I'll short CROX and watch it drop to pennies per share...
      View article »
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