Wez's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/146818/comments http://seekingalpha.com/article/174226-kicked-out-of-finance-and-into-journalism?source=feed#comment-767250 767250 Thu, 19 Nov 2009 10:19:28 -0500 http://seekingalpha.com/article/171618-insider-trading-on-uup-options?source=feed#comment-747993 747993 Fri, 06 Nov 2009 10:38:05 -0500 http://seekingalpha.com/article/164655-banks-don-t-intentionally-overcharge-credit-card-customers-or-do-they?source=feed#comment-702954 702954 Sun, 04 Oct 2009 18:46:27 -0400 http://seekingalpha.com/article/164601-why-natural-gas-etf-has-resumed-its-climb?source=feed#comment-702951 702951 Sun, 04 Oct 2009 18:43:24 -0400 http://seekingalpha.com/article/161417-stiglitz-banks-are-worse-off-than-before-crisis?source=feed#comment-676849 676849 Tue, 15 Sep 2009 00:33:27 -0400 http://seekingalpha.com/article/156544-morgans-hotel-a-zombie-company-bleeding-cash-and-defaulting-on-loans?source=feed#comment-635484 635484 Tue, 18 Aug 2009 18:19:42 -0400 http://seekingalpha.com/article/155855-fed-manipulates-stock-prices?source=feed#comment-628406 628406 Thu, 13 Aug 2009 12:28:33 -0400 http://seekingalpha.com/article/155690-sec-vs-bank-of-america-more-toughness-needed?source=feed#comment-626852 626852 Wed, 12 Aug 2009 12:25:44 -0400 http://seekingalpha.com/article/155690-sec-vs-bank-of-america-more-toughness-needed?source=feed#comment-626849 626849 Wed, 12 Aug 2009 12:23:42 -0400 http://seekingalpha.com/article/140871-short-housing-for-the-long-term?source=feed#comment-529753 529753

On Jun 03 03:00 AM twaite90 wrote:

> I do not know why people here are so negative about housing. CA is
> booming. Ask any real estate agent in california, they will tell
> you, housing is up, passed the bottom already.]]> Wed, 03 Jun 2009 10:16:33 -0400

On Jun 03 03:00 AM twaite90 wrote:

> I do not know why people here are so negative about housing. CA is
> booming. Ask any real estate agent in california, they will tell
> you, housing is up, passed the bottom already.]]> http://seekingalpha.com/article/135885-what-a-typical-investor-circa-2007-would-need-to-break-even-now?source=feed#comment-493156 493156

On May 06 07:35 PM Dr. O wrote:

> Looking at the chart of the S&P 500 the "crash" that unfolded
> over several months between Sept. 2008 and March 2009 reminds me
> of the crash of 1987 and bottoming process the lasted a few months
> after that.
>
> Lots of bearishness back then, the market was 40% off it's peak then
> too. But within 2 years the market had regained all the lost ground,
> and kept on rising. And the FED and central banks worldwide are printing
> money much faster now than they did then.
>
> In 1987 interest rates were 8-9%, now they're zero!
>
> Now that the stock markets have taken off, it wouldn't surprise me
> to see them keep on going up. Cash is most definitely trash. There's
> lots of bad things to pick up on in individual stocks, the economy,
> etc.
>
> But I'd say the market has turned, and the worst is over. If the
> FED and other central banks are willing to supply money at zero percent
> interest rates, stocks will go up, as will commodities.]]> Wed, 06 May 2009 23:03:22 -0400

On May 06 07:35 PM Dr. O wrote:

> Looking at the chart of the S&P 500 the "crash" that unfolded
> over several months between Sept. 2008 and March 2009 reminds me
> of the crash of 1987 and bottoming process the lasted a few months
> after that.
>
> Lots of bearishness back then, the market was 40% off it's peak then
> too. But within 2 years the market had regained all the lost ground,
> and kept on rising. And the FED and central banks worldwide are printing
> money much faster now than they did then.
>
> In 1987 interest rates were 8-9%, now they're zero!
>
> Now that the stock markets have taken off, it wouldn't surprise me
> to see them keep on going up. Cash is most definitely trash. There's
> lots of bad things to pick up on in individual stocks, the economy,
> etc.
>
> But I'd say the market has turned, and the worst is over. If the
> FED and other central banks are willing to supply money at zero percent
> interest rates, stocks will go up, as will commodities.]]> http://seekingalpha.com/article/134403-las-vegas-homeowners-lose-their-bets-as-home-prices-fall?source=feed#comment-485235 485235

On May 01 12:31 AM sr9web wrote:

> I own a split-level ranch 5 bedroom, 3.5 bath, stand alone garage
> West of Boston. Bought in 2000 for 250ish and now owe 150ish. Have
> 15 years left on a 5.65 fixed. The housing crisis is only being experienced
> by people who bought too much house for too much $$.]]> Fri, 01 May 2009 08:38:36 -0400

On May 01 12:31 AM sr9web wrote:

> I own a split-level ranch 5 bedroom, 3.5 bath, stand alone garage
> West of Boston. Bought in 2000 for 250ish and now owe 150ish. Have
> 15 years left on a 5.65 fixed. The housing crisis is only being experienced
> by people who bought too much house for too much $$.]]> http://seekingalpha.com/article/128206-true-religion-overreaction-on-wall-street?source=feed#comment-442104 442104 Fri, 27 Mar 2009 08:55:02 -0400 http://seekingalpha.com/article/127053-cutting-back-commercial-reit-shorts-again?source=feed#comment-434289 434289
It seems to me the market is due for a bullshit rally. We are still down 15% on the SnP for 09. Coming off a 20% rally from 666.

From here the mrkt either goes up or down. A straddle seems the best way to go. Happy Hunting......]]> Sat, 21 Mar 2009 01:35:30 -0400
It seems to me the market is due for a bullshit rally. We are still down 15% on the SnP for 09. Coming off a 20% rally from 666.

From here the mrkt either goes up or down. A straddle seems the best way to go. Happy Hunting......]]> http://seekingalpha.com/article/120807-traditional-retailers-return-dismal-online-search-results?source=feed#comment-392204 392204
The brick and mortars are just dumb.]]> Tue, 17 Feb 2009 12:23:15 -0500
The brick and mortars are just dumb.]]> http://seekingalpha.com/article/120016-in-praise-of-suze-orman?source=feed#comment-384725 384725
> Jees Felix, wake up. Dollar cost averaging? Dollar cost averaging
> in an obviously declining market is suicide. If this market declines
> further (and it will) then settles into a long, painful and lingering
> "L" recovery (and it will), those misinformed dollar cost averagers
> will be the last ones employing desperation selling. No one sensible
> condones DCA in this kind of market.

This is probably the worst "advice" I've heard so far. Your statements imply a certainty that nobody has. Sure, I think we're headed for a Depression and things will get worse, but would I bet the farm on that opinion? For those who don't have the time to read Seeking Alpha and countless other sites, DCA is a perfectly acceptable investment strategy.

It's better than telling an unsophisticated person to stay in cash and assume they will somehow know when the perfect time is to put that money back to work. Knowledge neither you, I or anybody on this site has.

DCA, kinda like Asset Allocation and MPT are designed to take emotion and guesswork out of the picture. It's a method of investing where you admit you don't know when things will get better, so you start investing a little bit over time rather than foolishly think you can time the market perfectly and the market will somehow let you know when it's safe to get back in. The news will be the very worst when it's time to get back in, which is a perfect case for DCA.]]> Wed, 11 Feb 2009 18:29:56 -0500
> Jees Felix, wake up. Dollar cost averaging? Dollar cost averaging
> in an obviously declining market is suicide. If this market declines
> further (and it will) then settles into a long, painful and lingering
> "L" recovery (and it will), those misinformed dollar cost averagers
> will be the last ones employing desperation selling. No one sensible
> condones DCA in this kind of market.

This is probably the worst "advice" I've heard so far. Your statements imply a certainty that nobody has. Sure, I think we're headed for a Depression and things will get worse, but would I bet the farm on that opinion? For those who don't have the time to read Seeking Alpha and countless other sites, DCA is a perfectly acceptable investment strategy.

It's better than telling an unsophisticated person to stay in cash and assume they will somehow know when the perfect time is to put that money back to work. Knowledge neither you, I or anybody on this site has.

DCA, kinda like Asset Allocation and MPT are designed to take emotion and guesswork out of the picture. It's a method of investing where you admit you don't know when things will get better, so you start investing a little bit over time rather than foolishly think you can time the market perfectly and the market will somehow let you know when it's safe to get back in. The news will be the very worst when it's time to get back in, which is a perfect case for DCA.]]> http://seekingalpha.com/article/119693-how-cnbc-squandered-roubini-and-taleb?source=feed#comment-382750 382750 Tue, 10 Feb 2009 15:12:11 -0500 http://seekingalpha.com/article/116221-distressing-details-of-the-ultrashorts?source=feed#comment-364557 364557
Slippage is a very old topic on these boards.]]> Fri, 23 Jan 2009 17:14:03 -0500
Slippage is a very old topic on these boards.]]> http://seekingalpha.com/article/107578-recurrence-of-etf-sectors-during-recent-severe-market-declines?source=feed#comment-314696 314696 Tue, 25 Nov 2008 12:13:01 -0500 http://seekingalpha.com/article/106697-s-p-500-looks-ready-to-bow-out?source=feed#comment-309427 309427 Tue, 18 Nov 2008 20:11:43 -0500 http://seekingalpha.com/article/104638-trading-obama-solar-stocks-gm-debt-ambac-calls-lorillard-and-goldman-puts?source=feed#comment-301826 301826 Mon, 10 Nov 2008 10:02:04 -0500 http://seekingalpha.com/article/104638-trading-obama-solar-stocks-gm-debt-ambac-calls-lorillard-and-goldman-puts?source=feed#comment-300382 300382
seekingalpha.com/artic...

and the $25 par threw me off. Takes balls to make a short bet on GS right now.]]> Fri, 07 Nov 2008 16:10:12 -0500
seekingalpha.com/artic...

and the $25 par threw me off. Takes balls to make a short bet on GS right now.]]> http://seekingalpha.com/article/104638-trading-obama-solar-stocks-gm-debt-ambac-calls-lorillard-and-goldman-puts?source=feed#comment-300238 300238
You know I'm a big fan of yours. Question:

Isn't XGM preferreds and not bonds? Big difference if a re-structuring happens. I would much rather be a bond holder than preferred holder???]]> Fri, 07 Nov 2008 12:57:42 -0500
You know I'm a big fan of yours. Question:

Isn't XGM preferreds and not bonds? Big difference if a re-structuring happens. I would much rather be a bond holder than preferred holder???]]> http://seekingalpha.com/article/96316-peak-insanity-sec-plans-to-temporarily-ban-short-selling?source=feed#comment-258722 258722 Fri, 19 Sep 2008 06:39:37 -0400 http://seekingalpha.com/article/95907-technical-view-market-holds-gains-in-volatile-trading?source=feed#comment-256887 256887 Wed, 17 Sep 2008 09:55:55 -0400 http://seekingalpha.com/article/95397-high-stakes-poker-update-lehman-poised-to-fold-side-bet-on-merrill?source=feed#comment-254424 254424 Sun, 14 Sep 2008 20:48:47 -0400 http://seekingalpha.com/article/94973-bioscrip-investors-would-welcome-a-strategic-buyer?source=feed#comment-251495 251495 Thu, 11 Sep 2008 10:00:02 -0400 http://seekingalpha.com/article/93167-the-option-arm-triplets-dead-banks-walking?source=feed#comment-247999 247999 www.ushousingmeltdown..../

That site shows my city has about 45% more to go to get inline with median incomes. Good thing, I'm buying next year. It's easy to get blinders on the housing tradegy when you live in S. Cal, but things aren't that bad elsewhere.

My buddy outside of Seattle recently got a 6% fixed 30 year mortgage on a $300k house with 3% down and terrible credit. The credit bubble is still alive and kicking.]]> Mon, 08 Sep 2008 02:33:12 -0400 www.ushousingmeltdown..../

That site shows my city has about 45% more to go to get inline with median incomes. Good thing, I'm buying next year. It's easy to get blinders on the housing tradegy when you live in S. Cal, but things aren't that bad elsewhere.

My buddy outside of Seattle recently got a 6% fixed 30 year mortgage on a $300k house with 3% down and terrible credit. The credit bubble is still alive and kicking.]]> http://seekingalpha.com/article/93167-the-option-arm-triplets-dead-banks-walking?source=feed#comment-245976 245976 Fri, 05 Sep 2008 03:19:58 -0400 http://seekingalpha.com/article/93167-the-option-arm-triplets-dead-banks-walking?source=feed#comment-245343 245343 Thu, 04 Sep 2008 10:02:35 -0400