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DaLatin

DaLatin
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  • Jobs, Growth And Government Spending: Krugman Makes Sense [View article]
    We all know Einsteins's deffinition of insanity and most market participants are much like drug addicts always wanting more..

    Krugman is insane and so are the people who agree with him. Seems Ivy academics are a useless breed all on to themselves. The US system has slowly morphed into a broken system and the US debt has almost doubled in the past 5 years.......

    Reality seems to be gone. Inflated stock prices are the Fed's plan to scam us into thinking debt is unimportant,but,70% of the planets inhabitants have stopped using the reserve currency. Faster than any academic or Sec Geitner think it will be dropped. The US will be ( in the words of Sec J Baker 3 ) Greece and life will change overnight.

    Do I blame Dr Krugman ? NO ! I blame Carlos Slim for saying the NY Times and there insane economist an Nobel winner. That is as funny as Obama winning..

    God bless the Democratic leaning State of Wisconsin who soundly rejected the financial maddness and stood by Gov Walker all while still supporting the President..

    A wake up call to the overspending craziness ? I sure hope so.
    WHEN the world drops the Reserve America changes overnight. And, yes it will be a blow to the holders of the 9 trillion Fed Ben flooded the world with,but, it is coming. 3 to 5 years tops !

    Are you one of the millions with unfunded retirment accounts or will you exist only on the Social Security IOUs in Mr Gore's lockbox. Will Medicade be solvent when you need it ? Will a Big Mack meal be 500 bucks ?

    Are you ready ? I am nearing the end ,but, I have added 4250 hectors of wet farmland to my real estate holdings and who knows what goodies are contained in it's soil. PM's, Oil ?? Buena suerte ALL. DL.
    Jun 7, 2012. 08:15 AM | 2 Likes Like |Link to Comment
  • A Dividend Stock Yielding 14% That Annaly Shareholders Could Love [View article]
    FTE cut the dividend this morning ! Great timing !
    Jun 5, 2012. 05:55 PM | 1 Like Like |Link to Comment
  • Cisco Valuation Suggests A Reality Check With A Warning [View article]
    As long as Chambers is CEO and Barts and Yang are board members the company hasn't a chance. Read older articles and see the article posts concerning Chambers spreading massive payments to rule the board..

    Chinese comp is hammering CSCO and Huewei is locking in deals all over LA and with T an other US telcos.. Sold CSCO in the 40s years back and staying away until single digits.
    Jun 5, 2012. 06:14 AM | 1 Like Like |Link to Comment
  • With Iraqi oil exports almost +20% this year to 2.5M bpd, the country, along with Libya and Saudi Arabia, should help prevent price spikes from the sanctions-induced drop in supply from Iran. Iraq wants to raise output to 10M bpd by 2017, but experts are skeptical, especially given problems that include corruption, bureaucracy, neglect and tensions with Kurdistan.  [View news story]
    Time to consider a small buy of Dinars... I've been buying since they first printed.. Got 10 million at around $ 550/mill and when China builds more refineries and they take all the Kurdish region oil.. Woopa
    Jun 3, 2012. 09:58 PM | Likes Like |Link to Comment
  • Firsthand Technology Value Fund: Now Offering Facebook For Free [View article]
    OM, great job... I am back in cheap :>)) and I see the light ! Plus, grabbed 2 of those talked divvy gems. Just in time... Gracias x 10,,DL
    May 22, 2012. 05:55 AM | 2 Likes Like |Link to Comment
  • JPMorgan's CIO losses can't be described "in any way as a hedge," says hedge fund giant Michael Platt, whose BlueCrest capital was on the other side of the trade. "It's a trading loss. They deliberately put the positions on." "They're not out of those positions," he says and will face further losses if Europe continues to deteriorate.  [View news story]
    Losses are mounting !

    News on street saying Jamie Dimon is planning a legal name change !
    Too : Mr. Jamie C. Zirconia

    He needs to step down. As the highest paid bank CEO. He needs to do the right thing !
    May 22, 2012. 05:55 AM | 1 Like Like |Link to Comment
  • The Bank of Greece "adamantly" denies a published Sunday report alleging plans to restrict deposit withdrawals and impose capital controls. Curious. The date of the BoG press release is the 19th, Sunday was the 20th.  [View news story]
    Any Greek that doesn't get his or her hands on as many Euros as they can is nuts ! There will be continuing runs until there are no Euros left.. If I was there I'd roll my chair up to the door and claim senior citizen rights to be first online. Just like all the Latin American banks allow. Me first !

    Spanish banks have only a 3% provision for there real estate loans and they have 23% unemployment an it's climbing........

    Spain cracks the second Greece does and when this happens if things go as common sense dictates,, I can see Germany leaving the Euro too.. Self preservation ! The Bund is saying just that ! DL
    May 21, 2012. 07:59 AM | Likes Like |Link to Comment
  • India's rupee falls more than 1% to an all-time low, now requiring 55 of them to buy one greenback. The central bank is in a tough spot as inflation remains high while the economy slows. The slide in the rupee - at least some of which has to do with the "risk off" tone of markets - won't help the inflation picture.  [View news story]
    ha.. Serves them right. The last two times i visited India they refused to let me use dollars. I had the convert at the airport or use plastic.. Now,the shoe is on the other foot ! hey .........
    Now who has toilet paper ?
    May 21, 2012. 07:54 AM | 1 Like Like |Link to Comment
  • Ignore Sentiment - Here's Why To Buy [View article]
    Funny, if you use other stats.. Like the entire WS's stock symbol breakdown, It goes approximately like this.. Of all symbols covered 52 % are buys .46% are holds and 2% are sells,,

    For the record.. I believe in capitalism and investing and as such have o use for TA. I think it hurts the market and turns pure capitalism into the casino we now have. Sad , and I know 50% of investor use it and sware by it. I don't and if it went away and we all would invest in companies we trust we might not see computers wack stocks 25 to 50 % in an hour !

    Well, now that I vented :

    It seems like the pros are amazingly bullish ! I think your going with the heard and not being contrarian..

    I went to cash 850 DOW points back and I will wait fro Greece to vote and yeah or ney when the can't pay I think Spain cracks that very second. There will be a chance to buy much lower with patience patience patience....... Maybe I am the contarian ! :>)) DL
    May 21, 2012. 06:40 AM | 3 Likes Like |Link to Comment
  • JPMorgan's (JPM) losses from its disastrous trades could reach $5B or more, the WSJ reports, as the bank struggles to unwind its positions. Major problems include increasing worries about Greece and the the EU economy. Meanwhile, the CFTC becomes the latest government agency to open a probe into the debacle, the NYT reports.  [View news story]
    Well, wonders never stop.. Seems the guy running the department was put there buy good old nepotism and he had a past of being sanctioned. Plus he wasn't experienced in overseeing that department. So, who jumped on the sword ? One of WS's top women ,but, it seems Mr. Dimon is the one who needs to step down. This was pure incompetence and having Mr. Goldman take over this part of JPM with his past of trading in his own account in his last spot with C F... Sorry, the buck stops with the CEO !
    May 21, 2012. 06:25 AM | 1 Like Like |Link to Comment
  • Glass-Steagall Act Repeal Did Not Cause The Great Recession [View article]
    Funny, the big brokers who were not banks with access to the Fed window surly were responsible for flooding the world with bad paper. And, when the 2 page TARP bill was signed it was quicly manipulated into saving the brokers by converting them to banks. All the banker pensions were saved and countless old timers retired with all there goodies.Sec Paulson chucked his brother an Lehman under the bus and ALL the rest feasted. Everything that was touted was changed the secong the Bill was approved an the feast began.

    60 Minutes did a fantastic piece on the Clinton Executice Order as he left that turned the financial market into a full blown casino.The podcast is still there to all who want to watch it on their website.

    Thus, I do think the Glass Steagal Act might have deterred some of the actions and if Bloomberg an Fox had not joined together and won in Supreme Court we still would not know that the Fed pumped trillions overseas to bail out banks and foreign corporations alone with countless US banks and corporations........

    Thus, the authors conclusions seem more like the description of a massive contusion... to make it into a pun ! DL
    May 21, 2012. 05:28 AM | 1 Like Like |Link to Comment
  • U.S. Economy: Why The Looming Fiscal Cliff Matters [View article]
    Everything here is right and wrong ! I hope the boys an girls do NOTHING ! NADA ! Zip !

    What a homerun for America,, The Bush Tax scheme sunshine's as planned and is long overdue. Then the sequestering of the spending increases ( not cuts !!! ) automatically kick in and gridlock blocks new spending. The perfect storm of righteousness arrives out of the mayhem and were on the path to sanity..

    I hope none of all your suggestions come to fruition ! Do nothing nothing nothing ! por favor.DL
    May 20, 2012. 11:17 PM | 2 Likes Like |Link to Comment
  • JPMorgan's (JPM) losses from its disastrous trades could reach $5B or more, the WSJ reports, as the bank struggles to unwind its positions. Major problems include increasing worries about Greece and the the EU economy. Meanwhile, the CFTC becomes the latest government agency to open a probe into the debacle, the NYT reports.  [View news story]
    Tr2708, Bingo... go collect the SA prize.. As JPM shares trade under 30 and the losses grow were going to see real trouble..

    If the traders unify an attack the other side we might see another Lehman and add in Greece...Woah !

    As you say the US 10 yr at record lows rates and the Bund too......It is screaming .. not just telling ! DL
    May 20, 2012. 03:36 PM | 1 Like Like |Link to Comment
  • Spain says it may have to once again revise its 2011 budget deficit upward. Spending by the four regional Spanish governments exceeded forecasts, driving up the national deficit for a second time. The government now projects a possible deficit that is equal to 8.9% of GDP, nearly three times the recommended maximum for nations using the euro.  [View news story]
    srspa77, when your an old fart you see that history repeats itself quite often.. The EU is in an official recession and the Geitner's an Merkal's want ( no demand ) austerity. Plus, we know that China is the EUs largest trading partner an she is slowing herself. That seems like two strikes to me right there and then add in the strong dollar effecting the repatriation of all US multinational companies earnings;which were already seeing with the CATs types and others,so,I see bad things are brewing ! BAD things and Greece going is way larger than Lehman and a massive domino which MUST fall.

    As they say on SA IMHO this isn't a buyable correction and remember....

    using Actual numbers of the entire WS punditry... it goes approximately this way.. Of all followed symbols 52% are rated buy an 46% are rated hold. Only 2% are rated as sell... What would you expect to hear from anyone... The beauty of SA is were able to see a greater number of bear types and I like that.

    I am not a bear and I very rarely shorted over the many years. I buy and hold ,but, ALWAYS use STOPs. I don't ride things down. In our current situation I prefer to wait is cash and shop at least a 1000 points lower.......

    buena suerte, DL
    May 19, 2012. 11:30 PM | 2 Likes Like |Link to Comment
  • Spain says it may have to once again revise its 2011 budget deficit upward. Spending by the four regional Spanish governments exceeded forecasts, driving up the national deficit for a second time. The government now projects a possible deficit that is equal to 8.9% of GDP, nearly three times the recommended maximum for nations using the euro.  [View news story]
    All enjoy your comments and poke fun at austerity as my amigo Hen says,but, very soon the Greeks MUST exit the Euro and Merkal has said bye bye already. Within 10 seconds of that event Spain cracks and the much touted and ignored contagion we've all heard over an over becomes fact..

    All those who think that the ECB an FED can backstop this or build a firewall are dreaming.... "Say it ain't so Joe !"

    We are going to see a market melt down on both sides of the pond an most major backs with international exposure will take a hit. Then the trillion bucks of US bank CDS exposure will leap out of the hiding places in the OTC market and onto US bank balance sheets . They will wish they just lost 3 billion like JPM..

    I am sure the world will survive and things will work themselves out,but,I am at 92% cash in my account an dreaming of buying my high yield stocks with a 5% + kicker as the prices of all equities will drop. The market is down a 1000 points this month alone an it's the beginning as 2012 charts will surly look like 2011.. ENJOY it ! DL
    May 19, 2012. 02:18 PM | 2 Likes Like |Link to Comment
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