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  • Dangers Of The 'Dumb Money' Joining The 'Great Rotation' Into Stocks [View article]
    The "Little Guy" cashed out of his 401k after losing his job in 2008-2009.He now leads a quiet life far from the bustle of the big city.In fact most of the traffic you encounter are people driving to pick up their coffee in the morning.It reminds them of better days from the distant past when life had meaning.A quick return trip back to the computer to shake their heads at the comments of a job recovery in progress.They will never return to the Market even if Blankfein promises them a pot of gold.
    Feb 14, 2013. 01:09 AM | Likes Like |Link to Comment
  • More on Consumer Sentiment: The overall read of 71.3 is the lowest in a year, and expectations slipped 1.1 points to 62.7, the lowest level since summer 2011's budget-skirmish and U.S. downgrade. "Oil prices are climbing and the consumer isn't ignoring it" -  inflation expectations grow from 3.2% to 3.4%. [View news story]
    Less money in the paycheck,higher grocery and gas prices,more charges flowing to the credit card.Sentiment down when the bill comes due.Also due to ineptness from Congress,Tax refund checks will be late this year.Torch lights will be seen for miles leading down the road to the local Wal Mart.Stay indoors.
    Jan 18, 2013. 12:03 PM | Likes Like |Link to Comment
  • "Around 60" foreigners reportedly continue to be held hostage at the Algerian gas plant, with ~650 people free from the standoff, but information remains sketchy. BP says there “a small number” of employees whose current location and situation remain uncertain. Meanwhile, the crisis is a serious threat to Algeria, the no. 3 gas supplier to the EU and the main source of revenue to the country. [View news story]
    Gas prices will rise in the Spring.Take that to the bank.
    Jan 18, 2013. 11:49 AM | Likes Like |Link to Comment
  • Must Read Information On Popular REITs For 2013 [View article]
    Thanks for the list.Be mindful that the banks and their minions do not want the word to get out that dividend yields in excess of .30 % exist in the world.Compare the yields on your stock list to the banks CD rates and you see the disconnect.Risk is a given in the Stock Market but so is playing it cautious and parking it in a bank account.Soon people will pay the banks to hold their own money.
    Dec 26, 2012. 01:37 AM | 2 Likes Like |Link to Comment
  • Regulators need to padlock UBS's offices in Manhattan and Stamford and tell the bank to leave the country, says William Cohan. The bank's brazen manipulation of Libor isn't a one-off, but another in a series of shameful incidents. [View news story]
    Let them stay for now.Then keep fining the bank until they run out of money.After that send them home with Piers Morgan as their pilot heading out over the Atlantic Ocean.
    Dec 26, 2012. 01:05 AM | 1 Like Like |Link to Comment
  • Gambling With Investments, An American Pastime [View article]
    I thought the article was excellent.I noticed that the friend did not sink all of his money into Facebook.So on that note progress is being made.All you can do is provide the advice and hope someone listens.When a person asked me about buying the Facebook IPO,I just shook my head no.
    Oct 12, 2012. 12:34 AM | Likes Like |Link to Comment
  • Russell Wasendorf Sr., the former head of bankrupt commodity firm Peregrine Financial Group, was indicted on 31 counts of lying to regulators today. Wasendorf, who allegedly stole as much as $215M from customers over a 20-year period, was arrested in early July after attempting suicide and is facing up to 155 years in prison and a $7.8M fine. [View news story]
    This smug guy seems to believe he will live forever.So he will be 219 years old when he gets out.Madoff Junior.
    Aug 13, 2012. 10:18 PM | Likes Like |Link to Comment
  • 55% Of The Equity Buy Side Reads Seeking Alpha  [View instapost]
    Excellent David,Keep up the great work!
    Aug 1, 2012. 11:31 AM | Likes Like |Link to Comment
  • The reason for the worsening jobs picture, writes Floyd Norris in the NYT, is because everybody looks at seasonally adjusted figures. "But those adjustments most likely overstate reality." Pre-adjustment, the private sector added 800K jobs/month in the last 3 months, while in June, the number of jobs rose by 1.8M Y/Y. Expect a poor July and August, a pick-up in September and an impressive October.  [View news story]
    If you kick enough people off the UE extended benefits then the number will go down.Those souls retreat into an economic netherworld that does not count them in the statistics.Very soon the Census report will reflect that these workers never existed in the first place making the labor numbers appear to be correct.
    Jul 8, 2012. 07:59 PM | Likes Like |Link to Comment
  • Goldman Sachs (GS) fails to win dismissal of a shareholder lawsuit claiming damages from conflicts of interest related to CDO transactions. Goldman's shares dove 13% shortly after the firm was charged with fraud by the SEC in 2010 (since settled for $550M).  [View news story]
    After lawyers get done picking the bones,you will get a check for 99 cents.Sad but true.
    Jun 22, 2012. 04:11 PM | Likes Like |Link to Comment
  • In the disappointing jobs report, the most important statistic may have been the 63.6% labor participation rate, a 30-year low. Critics of the Obama administration are quick to seize on this as the “real” reason for the falling unemployment rate, but the downward trend has been happening for more than a decade as baby boomers have been retiring.  [View news story]
    For many people who move no forwarding address is left.Some may vanish and no trace can be found.How are these people counted? The U.E. rate is a number plucked out of the air by smiling faces who like to talk and lie at the same time.
    May 5, 2012. 09:21 PM | Likes Like |Link to Comment
  • "The worst mistake Pres. Obama made" was not getting out front to embrace the 2010 Simpson-Bowles deficit reduction proposal, Alan Greenspan says. Mark Gongloff reacts: "Remind me again why Alan Greenspan is still giving speeches to anybody other than pigeons in the park?" (video)  [View news story]
    Greenspan was doing a video resume for future employment at CNBC.
    May 1, 2012. 09:35 PM | Likes Like |Link to Comment
  • After years of luring workers with the promise of lucrative pensions, state governments are now scrambling to revamp public pension policies in the face of massive budget crunches. Since 2009, 43 states have increased contribution requirements or changed the age when a retiree can get benefits, and the moves are now triggering a spate a legal and political battles over whether states are reneging on their promises to millions of public-sector workers.  [View news story]
    The march to trumped-up charges leads to ways in which states can void the pension altogether.This is why an employee walks on eggshells during his career to protect the " Retirement Plan ".One slip-up can wipe out the portfolio with limited chances to recover the money.Promises for future payments hinge on a faceless entity who rules on amounts.The timing of the exit must be well thought out with a Plan B carefully researched.
    May 1, 2012. 09:26 PM | Likes Like |Link to Comment
  • Are you seeing this where you live? WSJ says stunned home buyers are finding that bidding wars are back. Unlike the big demand of the bubble years, this trend typically is driven by lower inventories of homes listed for sale, but at least a few giddy sellers are pocketing nice profits. Enjoy it while you can, housing bears say, because the market is still dismal and will remain so for a generation.  [View news story]
    Buyers are bidding up the few houses that have not fallen down or are in need of repairs.Selective reporting will make pockets of prosperity appear out of the fog of reality.
    Apr 28, 2012. 11:12 AM | 6 Likes Like |Link to Comment
  • A deli manager from a Wal-Mart (WMT +0.2%) hopes an online petition she started will lead to the resignation of the firm's Chairman and CEO - as well kickstart an external probe of the company. While the rabble-rousing may not make a difference in how the board tackles their Mexican scandal, it's more evidence that questions about the company are likely to remain on display despite its "ultra-strict ethics code." [View news story]
    Another one who thinks they will change the world.Once the CEO resigns,then what? A plan B should include more than a script for a Reality Show.
    Apr 28, 2012. 12:09 AM | Likes Like |Link to Comment