Seamus O'Bannion

9 Comments

    • Offshore Troubles, Domestic Fears [view article]
      Still referring to "Joe Six-pack"? He has long since been reduced to "Joe Twelve-ounce Bottle." Jul 12 11:27 AM
    • Global Market Performance: Nowhere to Hide [view article]
      Dear Hue101,

      Your EWZ has a good chance of bouncing here, as it just tagged its 200 day moving average. Target might be the fifty day MA, about 10 pints up. Then probably down again. Big inflation in Brazil & rest of SA, with increasing interest rates - never propitious for stocks. EWZ has also been underperforming the DJ Wilshire 5000 since late may.

      Best,
      Seamus O'Bannion.       Jul 06 11:51 AM
    • Investing for Retirement - Cramer's Mad Money (7/3/08) [view article]
      Cramer's an entertainer making a bundle. There's a saying that if you say something loud enough, someone's bound to listen unless he's deaf.

      SOB.       Jul 04 08:24 AM
    • What Was Left Out of the Jobs Report [view article]
      Dear Mish,

      Given what's been happening to bond interest for hospitals, schools, & municipalities, combined w/ the shrinking tax base resulting from the downward reassessment of property values, I think we can count on solid dis-employment beginning in the present quarter & continuing into the end of the year from that extremely large service sector. US Gov Incorporated will have to be very creative to mask that one.

      I hope any of your readers who might still be clinging to the hope of "short & shallow" will rethink any positions they might have in retail as well as in medical equipment tech stocks. There are great companies in those fields, but they face declining economic demand.

      Best,
      Seamus O'Bannion.

      (Like the new photo, by the way; I'd submit one, but my face keeps breaking cameras.)

      SOB.       Jul 04 08:18 AM
    • Will the Nasdaq Take a Mean Bounce? [view article]
      Great information, Bill. But speaking of the Naz, check out a chart of the NASDAQ composite's advances minus declines, cumulative, for about the last 10 years. It's been declining steadily throughout the last bull market!

      Reminds me of the Big Bang. Of course, you weren't born yet, but I remember it well. Boy, was it noisy! And, now, 13.5 billion years later, the universe is still expanding. Like the Big Bang, the NASDAQ small fry are still collapsing, 6 years after the bubble burst, or 6 yrs BBBB (after the Big Bang of the Bursting Bubble).

      By the way, if you have the time to respond - what kind of software do you need in order to derive that kind of data? Not the Big Bang, the Naz 4% stuff.

      Best,
      SOB.       Jun 28 08:29 AM
    • Dollar Destruction: My Wealth Inequality Manifesto [view article]
      PS - Hey Phil! Didn't I run into you at a Jewish wedding in Jersey City?

      Best,
      SOB.       Jun 27 07:40 PM
    • Dollar Destruction: My Wealth Inequality Manifesto [view article]
      Dear Wiskey,

      "World's best democracy?" In an alternative universe, maybe. In the 1940's, Republican politicians had no problem pounding a fist on the lectern and proclaiming in loud voices "This is not a democracy! This is a republic!"

      Of course, in those days, motivational research was limited to the OSS trying to figure out how best to undermine German & Japanese morale. After 60 years of the boob tube & the best propaganda system ever devised (thanks to MR & the need to create material needs for an endless array of new products), no one would dare insinuate that the US is not a democracy.

      But in a democracy, power resides with the people, not with the vote. If the latter were the case, Peru would be the world's greatest democracy because the fine is about a hundred soles for failing to vote. (When my wife was working 65 hours a wk for her sisters, selling baby clothes, they paid her 200 soles - PER MONTH!) But, hey, this is just a "fledgling democracy", right? Peru has a lot to learn. (Although, I suspect that Washington has been learning more from Latin America these last several years than the other way around.)

      The point is that, according to Washington, the vote is our power: "Vote the bums out!" they yell. But what gets left unsaid is that to vote one bum out, you have to vote another bum in. If both parties are in the pockets of Big Business & that 4% Phil is talking about, how does your vote change anything? I don't care who gets elected, the wiggle room that the best-meaning Prez has is very small, particularly when you consider how many promises he has to make to get the three hundred million dollars it will cost him to get elected.

      Best,
      Seamus O'Bannion.
      .       Jun 27 07:37 PM
    • A Closer Look at the CSX/TCI & Bear Stearns Cases [view article]
      "Permissible spin"? Is that anything like public relations, which is professional lying for hire? Jun 22 02:02 PM
    • Volatility Going Nowhere [view article]
      Dear Fatcat,

      Sure. Clean energy might work. Broadwind Technologies (BWEN) & Canadian Solar (CSIQ) are two possibilities. The brave of heart might try a micro-cap like Acorn Energy (ACFN). Ocean drillers like Pride International might also be good.

      (Positions in the first three above.)       Jun 22 12:12 PM
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