valueinvestor123

Dennis Gartman: Next Great Trade Is Canadian Banks

Yes, but the EWC only has an 18.79% weighting in banks. I guess if I am really interested in this idea, I will do some research and pick 1-2 banks.

Dennis Gartman: Next Great Trade Is Canadian Banks

Problem is there is no Canadian banking ETF and I really don't feel like purchasing small stakes in 5 different banks.

Your Oil Stocks Aren't Coming Back

I own RIG at an average cost in the low 50's. It certainly doesn't need to see $163 again for me to do well.

Rick Santelli: The Best Five Minutes in CNBC History

As someone who has always lived within my means and debt free, I am with Rick. I have no desire to begin bailing people out who lied about their wealth and purposely lived beyond their means. If they lose their homes, it will teach them not to act so foolishly in the future.

Eight Reasons Bank of America Is Going to $20

To all those hating on short sellers: Don't blame the shorts because you were dumb enough to go long! You bought a bad stock and an even worse company, do not blame those who were smart enough to short it. The shorts did not write any mortgages or force BAC to buy two bad companies in CFC and MER.

Santelli's Rant: A Watershed Moment?

As someone who has always lived within their means, this idea of bailing out homewoners disgusts me. I don't remember when owning a home became a right guaranteed by the Constitution. If people can't afford their homes, I say foreclose on them and let people who can afford the mortgage move in. Let those who lose their homes move into apartments, trailers, or onto the street. I would rather pay their welfare payments than home payments.

$800 Billion: Too Much? Too Little? Yes.

It's not how much the government has spent, but how they have spent it. So far they have wasted the TARP money and just passed a $800 billion spending bill that has very little stimulus attached. I only hope they spend the next $1.5 trillion more wisely.

Bill Ackman's Hedge Fund Losses Are Staggering

I sent myself an apology letter for my personal account losses last year. I feel better now.

BAM: Problems Plaguing 'The Next Berkshire'

Cramer hailed BAM as the next Berkshire as well.

Barron's Takes Down Cramer, Again

I will say it again: Cramer's picks are a tale told by an idiot, full of sound and fury, signifying nothing!

Bill Ackman, Target and High-Risk Investing

If I had to guess I would say that $25 million is probably 5% of his net worth. What amazes me is that there are morons willing to pay him 2 and 20 for a fund which invests in one stock when they could just go out and buy the stock themselves.

Eddie Lampert's Waterfall

I know in tough times like these I also worry about how a billionaire is holding up. It's a shame to think Eddie may only have $1-$2 billion in personal wealth now.

Cramer's Stop Trading! The Wells Fargo Tell (11/12/08)

I thought you were supposed to watch Apple. I wonder what random stock he will pick next week as a market indicator?

Is Jim Cramer Right? Is Apple Really a Market Barometer?

You mention that Cramer offered no data or evidence to back up this claim. Why would this claim of his be any different than many of his other claims? He often lacks facts and evidence. Instead, he just hopes that if he is loud and silly enough people will overlook the fact that his arguments often lack facts. Cramer while full of sound and fury, signifies nothing.

The Free Lunch Approach to Finance

I have always felt that those who took loans on homes they could not afford are not being taken to task for it. The reason is because no member of Congress would get re-elected if they said that homeowners needs to accept responsibility for what they did and foreclosure is just a part of that. Instead, Congress is fighting for people who took loans they could not afford. I am so sick of the argument that the home buyer may not have known what he is signing. I am sorry, but common sense should have told them that they could not afford the home and if you don't read and understand your mortgage documents then you may just be too stupid to have a home. Personally, I would love to throw all these people out and resell their homes to those who can afford them. It is not like they will become homeless. They will simply either trade down to a house they can afford or they will end up in an apartment or trailer park. Which is where they should have been in the first place. While owning a home is part of the America Dream as I recall it does not say in the Declaration of Independence: Life, Libery, the pursuit of happiness, and the right to own a home.