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6 Comments

    • ON: Fri May 9th 19:36 PM
      Commented on:
      What If We'd Been on the Gold Standard?
      I'm glad we don't have a gold standard. I've been buying gold and I hope they keep flooding the system with dollars. Every time the fed pumps money into the system it just devalues the dollar and raises the value of my gold position. I hope they put more gold out there too. Every time they try to put more gold on the market to reduce it's value all that happens is that the Chinese and Indians convert their ever worthless US Dollars into a hard asset like gold. That's the thing about "economic theory", it never accounts for the emotional side of things. The international community does not treat the dollar as the universal currency anymore. Even the Taj Mahal won't accept the dollar. Gold is going to $2,000 at a minimum.
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    • ON: Tue Apr 8th 20:28 PM
      Commented on:
      Gold: The Last Cheap Asset Class
      once the banks run out of gold to put into the markets to keep it's price down that's when gold will really take off. the funny part is that it may correct but all that is happening when gold gets released into the markets is that it is helping dealers fulfill demand for gold worldwide.

      and i saw a comment that it's hard to liquidate gold...um no. it's actually the easiest to get your money out of if you have physical gold. you don't have to show ID, you don't need a social security number. you just need to give the coin and get the cash.
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    • ON: Sun Apr 6th 13:36 PM
      Commented on:
      UBS Plan Could Be the Road Map for Financials
      You mean UBS is going to show the banks more crooked ways of screwing people over. They have more bad assets than you can shake a stick out...now with some fancy accounting they are going to tie the garbage to a barge and let it float out to the ocean to be forgotten...which is pretty much what we do with garbage anyway in this world. It's one of those ugly things no one wants to acknowledge but UBS will have it's day of reckoning.
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    • ON: Thu Apr 3rd 17:47 PM
      Commented on:
      Brace Yourself For the Payrolls Number
      Who cares about this number. We all know what's going to happen. The number will be meaningless. Even if they were...lately the press has a way of identifying one person "quoted as saying" the numbers came in better than we were expecting. Let the market rally.

      For now, I think that the market has bottomed (although it shouldn't) but only because of the all the manipulation that is taking place. I feel sorry for all the people that are going long in this market. Go put your money only to have it lost when the market turns again. It's been a great few years...let the bankers play around with themselves....don't get fleeced into thinking the worst is over. Because it isn't. This has only just begun.
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    • ON: Wed Feb 27th 09:16 AM
      Commented on:
      Jim Cramer's Stop Trading! 2/26/08: Much Ado about Price Wars
      Maybe Jim Cramer forgot to notice that the $15 billion buyback actually adds about 65 cents to this years earnings. Not to mention raising earnings by 5 cents at the same time.

      The reality is that IBM just reduced it's cash position and lowered it's guidance by 60 cents. Depending of course on how you want to look at it.
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    • ON: Mon Feb 25th 11:36 AM
      Commented on:
      Research in Motion: Unlike Apple, No Slowdown in Subscriber Growth
      RIMM's CEO just gave a mid quarter update of subscriber growth yet made no assertions regarding how that affects top line revenue or profitability. This reeks of the days of 2000 when people made ridiculous statements that would send a stock flying. Any CEO worried about making statements is more worried about the stock price than his company's execution. RIMM statements, followed by two upgrades by junior analysts in the following days is a bit sketchy. We are not in a market that prices in growth anymore...fundamentals will be judged and at the end of the RIMM's stock price is unjustified at a 58 PE. Apple/GRMN/GOOG have been knocked off their perch and so will RIMM (again).

      This is an irresponsible post. We'll know more once Apple and RIMM release their next set of earnings in April.
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