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nukldrager » Comments » BAC

  • Where's the Outrage at the Banks? [View article]
    I have plenty of outrage at the banks. They've gutted the system and appear to be quite willing to let us bleed out. F them.
    Oct 25 08:19 am |Rating: +19 -1 |Link to Comment
  • Banking Sector: Worst Is Yet to Come [View article]
    "They" are doing what they do ... whipsaw the economy and grab all the cash that gets stirred up in the process. That's the game we are in.
    Oct 03 09:55 am |Rating: +5 -2 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Interesting link


    On Jun 12 10:14 AM James Quinn wrote:

    > theburningplatform.com...
    Jun 13 08:15 am |Rating: 0 0 |Link to Comment
  • A Bull Market That Few Are Buying [View article]
    At the risk of incurring a fine for quoting wikipedia a little too much, The Taylor rule, again;

    ..."In economics, dynamic inconsistency, or time inconsistency, describes a situation where a decision-maker's preferences change over time, such that what is preferred at one point in time is inconsistent with what is preferred at another point in time. It is often easiest to think about preferences over time in this context by thinking of decision-makers as being made up of many different "selves", with each self representing the decision-maker at a different point in time. So, for example, there is my today self, my tomorrow self, my next Tuesday self, my year from now self, etc. The inconsistency will occur when somehow the preferences of some of the selves are not aligned with each other."

    We all make decisions, and are susceptible to Leonardo's lament, "... supreme misfortune is when theory outstrips practice". Like divorce for one. 20/20 hindsight for another, where we would have preferred to stay in longer, or gotten out sooner, (both the market or the marriage) but that may be stretching it. It's a non schizophrenic descriptor for the mutability of our minds. (This theory is applied to economic decision makers but here it is used loosely)
    Our current self will have to answer to our future self. Here's hoping that the conversation takes place in the sun and the sand with a drink in our hand, and not some Kafka novel.
    May 10 13:05 pm |Rating: +8 -2 |Link to Comment
  • A Bull Market That Few Are Buying [View article]
    What I mean is throw us some tickers... if you and Greenspan are correct, and turbulent globalization doesn't mean the world is coming to the end, show us the tofu!


    On May 10 11:59 AM nukldrager wrote:

    > So what's a bull to do o' friend of the trend?
    May 10 12:04 pm |Rating: +2 -3 |Link to Comment
  • A Bull Market That Few Are Buying [View article]
    So what's a bull to do o' friend of the trend?


    On May 10 11:51 AM InvestBaboo wrote:

    > The title "A bull market that few are buying" is correct but with
    > an entirely different line of reasoning than this author.
    >
    > There is a vast amount of cash waiting on the sidelines that is yet
    > to buy into this market that will provide rocket power boost once
    > it starts coming in. It is a matter of when this money will start
    > flowing in and not if the money will start flowing. The money that
    > the author and his friends have will also come pouring in once they
    > realize that you can't fight the trend but given just how much reservation
    > the author has about this I am affraid he may be the last one to
    > get on the train and left as the bagholder.
    >
    > What I am saying is that facts can be looked at with colored glasses.
    > I could get on either side of the fence and make extremely bullish
    > or extremely bearish arguments. I have been wrong in the past when
    > I have trusted my opinions and invested contrary to the the trend
    > in the market. One day I woke up and realized that fighting the trend
    > was a mistake and I will always invest with the trend and from that
    > deduce either a bullish or bearsih bias. This is because the markets
    > are always right and anyone who argues against it is wrong!
    >
    > As I keep saying the trend is your friend till the bend at the end
    > and there ain't no bend to see at the present my friends. Articles
    > like this are healthy in the sense that some doze of bearishness
    > is good for the bull market but I urge the readers of SeekingAlpha
    > not to miss the bull market and once-in-a-lifetime wealth creation
    > opportunity that the market has presented us with.
    May 10 11:59 am |Rating: +6 -2 |Link to Comment
  • Top 5 Quotes from Berkshire's Annual Meeting [View article]
    Ha that's easy just start smokin' pot, talk more, listen less, and don't be overly concerned with thought. You can't fight fashion!


    On May 04 03:23 PM yellowhoard wrote:

    > We right wing knuckle draggers need to raise the bar, style wise,
    > for the maoist zombies running about these days.
    >
    > IMHO
    May 04 15:51 pm |Rating: +2 0 |Link to Comment
  • Do You Believe Banks Are Recovering? (Part 2) [View article]
    It was Jefferson, and it appears to have happened fait acompli.



    On May 02 09:25 AM dcb wrote:

    > For those who don't want to believe what is going on here is just
    > one of many media sources that explain it. The second amendment gave
    > us the right to carry arms to overthrow a tyranny (which is happening
    > now). I believe it was Jefferson (not sure) who explained what would
    > happen when bankers got their claws in Gov't.
    >
    > www.salon.com/opinion/...
    May 02 16:11 pm |Rating: +3 -2 |Link to Comment
  • Bankrupt Banks and How Asset Values Are Deteriorating [View article]
    "unsustainable consumer economy is grinding to a halt..." has to be one of the bigger dot's to connect with in any discussion of our current situation. Value is still more what someone is willing or able to pay currently, than what someone has paid, as in a comp sales valuation. Who ever said that capitalism eats it's young (substitute consumers) may have been on to something. Or we are in Vermont, asking a local for directions, and the familiar" you cahn"t get theyah from here" is what we get.
    May 02 07:59 am |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    How about crappy capitalism? Crapitalism?


    On Apr 29 03:47 PM semi supplier wrote:

    > No, not socialism. Crony Capitalism. Much worse..well worse than
    > socialism. Unless you're the crony
    Apr 29 18:30 pm |Rating: +1 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Good God man highlight and delete! You threw yourself out with the bath lol


    On Apr 29 09:51 AM bobbobwhite wrote:

    > Why does SA allow book-long postings like yours, no matter what it
    > says??? This is not the right venue! Write a book on it instead.
    >
    >
    > On Apr 29 09:21 AM Bestsolutio
    Apr 29 12:32 pm |Rating: +2 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    What a crappy government. Socialism, socialism, socialism.
    But hey, the market wants to go up, get in for the ride!
    Apr 29 07:46 am |Rating: +10 -4 |Link to Comment
  • Stress Tests Were Never a Serious Exercise [View article]
    If the Fed was serious it would have erred on the glum side just for good measure. The only place you can see results from all the stimulus is in the banks and with the bankers. Their lives and incomes have been relatively unaffected in real money terms throughout all of this. Bad press notwithstanding they are laughing all the way to the bank. Their banks! Rhetoric is one thing and agendas are another. Results show the agenda. Media, the rhetoric.
    Apr 29 07:39 am |Rating: +2 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "Though a central bank cannot cut interest rates below zero, the research suggests the Fed should use unconventional policies to create the equivalent of a minus 5 percent interest rate."

    Unconventional policies.
    The Taylor rule appraoch goes something like this; "In economics, dynamic inconsistency, or time inconsistency, describes a situation where a decision-maker's preferences change over time, such that what is preferred at one point in time is inconsistent with what is preferred at another point in time. It is often easiest to think about preferences over time in this context by thinking of decision-makers as being made up of many different "selves", with each self representing the decision-maker at a different point in time. So, for example, there is my today self, my tomorrow self, my next Tuesday self, my year from now self, etc. The inconsistency will occur when somehow the preferences of some of the selves are not aligned with each other."

    Makes sense to me! If that's true of our decision makers then government is defiantly to big, but it explains a lot of things lol
    Apr 27 08:31 am |Rating: +6 -1 |Link to Comment
  • Betting on the Big Banks [View article]
    Good story, but here again, even though it stinks, is the golden rule; he who has the gold rules.


    On Apr 22 01:52 PM optionsgirl wrote:

    > There is an old commodity story about two guys that kept trading
    > a load of tuna up and back between them. Finally, one guy takes possession
    > of the tuna. He calls the other trader up and says "This tuna stinks!
    > It tastes awful! It's rotten." The other trader responds, "Yes,
    > that's because there are two kinds of tuna- one for trading, and
    > the other for eating".
    > Substitute banks for tuna.
    >
    > Stephen Leeb wrote an interesting piece about Wells Fargo the other
    > day, in The Complete Investor. He noted that there is an asset marked
    > as "other" on their balance sheet for $100 Bil. In a footnote, only
    > part of this asset is explained. $48 Bil is marked again as "other".
    > Leeb's point was, why bury an asset as a foot note, unless you have
    > inflated it and deliberately don't want to define it. Why call it
    > "other other"? What is it, and what's it worth?
    > Until there is truth and transparency, these banks smell to high
    > heaven. Creative accounting and bully CEO's serving as cheerleader
    > squads don't cut it.
    >
    Apr 23 08:41 am |Rating: 0 0 |Link to Comment
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