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    • Sat Aug 2nd 20:21 PM | Rating: 0 0
      Commented on:
      Bill Miller on This Tough Market
      It is nice to breathe a breath of fresh air amid all this smog of grave doubt. For whatever reasons the markets inevitably plunge every 6 years or so, for what ever reason-any reason at all. Admittedly, the news has been a relentless drumbeat, and amoutns to a quadruple whammy - energy skyrocketing, housing plummeting, banks swan diving, the third world 'taking over'. yet there are glimmers of silver lining for anyone 'seeking, and ye shall be finding' One thing to remind ourselves of, and that is the nature of the news media itself. It is never enough to report the salmonella scare once...on no...it must be hammered in fro months. Not a single news caster worth his salt would neglect to jump on the bally hoo wagon. it could be compared to a throng of bored to tears papparazzi just getting word that an idol of youthful beauty and fame just appeared , apparition like, in some public place-as though that were a theophany or the appearance of an angel of the Lord..and out they go trampling each other and, (rightfully so), getting the crap beat out of their nauseatingly venal, assinine selves by the likes of a sylvester stallone type How we'd love to see that photographed more often. The news media is no less assinine, and no less to blame for fanning the flames of a full fledged world wide market panic sell off. it sells advertising space? Oh yes, GM, Countrywide, et. al. deserves all the booing and hissing the public cares to proffer...but let us keep in mind the gist of this article here...it will be over...and boy will the gains be realized when it is over. Perhaps a few reporters and photographers should be wrestled to the ground , hands yanked behind their back, handcuffed and pushed into the patrol car and preached to...a special show just like Cops...only for some grotesquely irresponsible news media types-a special hard labor camp for them; where they are seen photographed , shamefacedly picking up cigarette butts along the street and highway?
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    • Fri Aug 1st 09:01 AM | Rating: 0 0
      Commented on:
      GMAC's Results Show Declining Used SUV Values
      Before we think "oh poor gmac-so undeserving of this precipitous shift in market trends; losing the shirts off their backs, and their pants yanked down to their bare ,pale corpulent asses also , "through no fault of their own". One only has to go to ripoffreport.com and read the scurilous attacks on gmac over what appears to be a systematic, deep structure policy of ruthless hand over fist repo greed. They discovered, thanks to the laws their lobbyists got put in place via the politicians in their pockets, the perfect legal right to repo a car with only the second payment past due...sell to carmax and autoadvantage for 50% its value and legally bill the victim of the repo the remaining amount owed!! They turned this ruthless greed and arrogant disregard to their full, and obscenely lucrative advantage. Here is a company that made the executive decision that business integrity had nothing to do with anything. ( I think a golden parchute is well deserved here, don't you, fellows?) Now they are going down like the Titanic they deserve to be...and there seems to be no rescue ships scurrying to their aid....Aw gee whiz. "When sorrows like sea billows roll..." Fellows... I hear they're hiring at dunking donuts....glub, glub
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    • Thu Jul 31st 09:38 AM | Rating: 0 0
      Commented on:
      Some Real Talk on Housing
      I'm one of those rare people who has lived in the same home for 38 years. I watched with trepidation as my little town grew from 5,000 to well over 100,000. I also watched as it seemed the illegal alien population increased logarithmically, until every store was choked with aliens -vis wallyworld where there was hardly room to maneuver a buggy, in fact it was best to try to get what you needed without jumping into that traffic snarl. We all knew what was happening...even jobs we were very wiling to take were all being blottered up, which was alarming. WE also watched as developers of subdivisions and shopping malls were also building at exponential rates. ( rake in 20 cool million, and then leave town..you Mexicans go fiind another developer to work for; we're taking the money and running to the Virgin Islands)"..with more and more exotic billboards announcing with such great pride suggesting such 'unbelievable bargains' of lots in the "Low $200,000" ...excuse me...that is considered "Low"? I don't think so. it means the homes would be carrying $4,000 a month mortgages. And with what kinds of jobs, exactly that could support these debt loads, in addition the three SUV's, and the $20K in consumer debt?...to be paid by the clerk in one of the chain stores? Or acupunture holistic health spas? Yes...I am very sorry to have to say this...but there are a lot of bankers blinded by unmitigated avarice; but in very particular, subdivision developers, and mall builders who should be facing criminal charges...not bailed out. They really oguht to be chased down, and wrestled to the ground, and beaten up a little as they get handcuffed, like on "Cops"...&qu... boy, bad boy...wathcha gonna do...watcha gonna do when dey kom fah you"?
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    • Thu Jul 10th 10:51 AM | Rating: 0 0
      Commented on:
      The Brightest Stars in the Commodities Boom, Part Two
      Thanks for that Mark/ I learned a lot here. Great hat. I think I'll get me a Hopalong Cassidy one, and join your 'movement'. Hi yo Rhodium; Away!
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    • Wed Jul 9th 15:52 PM | Rating: 0 0
      Commented on:
      The Future of GM's Brands
      This all right on target. I thought as a retired design artist, I'd submit some 'great' ideas for vehicle design - one of which was something based upon the Stutz Bearcat. Both F and GM replied with a form letter that they don't consider design ideas. ...really?....well there's your problem! "To hell with John Q Public. ..we don't give a damn what you want or like, or need."...I also slammed GMAC on repoffreport.com, along with hundreds of others, for undoing all the billions spent on good PR...and for dragging the entire auto industry down into hell with themselves = another example of , and revealing of, the thinly veiled contempt GM has for John Q Public. I say let them go under. Then some companies that DO care can emerge, an do very well...like reintroducing novel and exciting new designs! You know? Actually care about the buyer? Wow...how refreshing that would be!
      Incidentally, we bewail and bemoan how costly it is to mount a nationwide ad campaign for the presidency...and the truth is it is like spare change found down in your couch compared to what is spent on car ads all day every day...don't you think that makes cars twice as costly as they should and could be? "Oh to hell with the buyer".
      Yes....both GM and F should go ahead and file for bankrupcty and let's get on with the 21st century and a return to good ol' American engineering and design know how...and perhaps a new generation of young executives who operate their companies with integrity, like Zappos.com...where the CEO has a cubicle right in their with the res of the grunt employees!
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    • Fri Jun 27th 09:40 AM | Rating: 0 0
      Commented on:
      Adding to My GE Position
      This is a good analysis. This is a diversified company with global reach-addressing fundamental needs worldwide. I read each new blurb re. what GE is up to, and it all looks and sounds good to me, as each week goes by , another huge contract for this service and that 'bagged'. I can't buy any more right now, but I tell you I wish I could at these prices. As mentioned above, the price is low for one main reason - and that it is coupled to the all time low in consumer/equities investing confidence/sentiment deflation. When confidence is high, all ships rise; and vice versa, they can all fall with the tide, as these share prices indicate...but it's just the tide that is down...not this company with a tap into a number of cash streams all over the globe. you name it , GE is there raking it in, and setting itself up to rake in more; while blowing off the stage any upstart wannabees in the process.
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    • Thu Jun 26th 10:49 AM | Rating: 0 0
      Commented on:
      Foreclosures Increase Homelessness [Housing Tracker]
      There's a significant consensus that a bail out for the imprudent borrower is unjustifiable. We need to face the fact that you wind people up and they clamor to 'one up' the other guy with conspicuous consumption. And add to that that mix - that there is a generation of baby boomer offspring who have never experienced a deep and prolonged recession ( thus -boy were they blindsided-but it is still their fault ; ignorance of the law is no excuse in court; likewise ignorance of the inevitable waxing and waning of an economy is no excuse either! ) To recap: we have a generation of ignorant status seekers who need welfare. I would not be so hard on this generation, but this is the generation that bought into the notion that they 'evolved' into a superior state of being! And these same folks see utterly no connection between a steepening decline in morals and business integrity - vis: millions made selling viciously gratuitous sex and violence displayed in "Grand Theft Auto" games...meaning this generation amuses itself with unbridled lust and avarice...deadly sins, remember? And how about gambling now ubiquitous...one can stop at the local stop and go, and gamble...mostly the poor and willfully ignorant of such lofty matters as remote probabilities of winning. Need I mention ubiquitous porn - which formerly was a seedy store, with trench-coated men sporting thick black framed sunglasses...now teens can tap in to it day or night-while their parents are working two jobs each. And we wonder why Islam calls us "The Great Satan"? And we wonder why tens of thousands of homes are wiped out in weeks long weather disasters? Is anyone listening, is my only question. If you want to see the consequences of all the above spread out over 7 generations, check out the book of Judges...there's a reason it was written. It illustrates clearly, the pattern of a nation in repeated steep decline.

      There is some good...like Extreme Makeover, Home Edition....but it is not enough. I predict the decline will continue, and so will tens of thousands of homes wiped out in foreclosure and/or natural disaster. I strongly suggest you select the candidate who will address "Conduct Unbecoming an American". Stop being the great Satan, and you might be surprised how quickly everything improves.
      I fully expect mockery. Go ahead with your cheap agnostic shot.
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    • Wed Jun 25th 14:46 PM | Rating: 0 0
      Commented on:
      Performance Update: 10 Solid Clean Energy Co's to Buy On the Cheap
      There have been plenty of not so flattering comments on GE, e.g.-surely few of us are happy with the dilution of late. I do believe it is still a superlative long position choice. All the news seems to indicate that GE has fallen back to regroup, and is garnering numerous enormous, gargantuan sized contracts for a wide variety of basic services worldwide. GE and Siemens are going toe to toe in many areas...but GE will be a strong player in the next few years. If I had more disposable income, I'd buy much more of it, in spite of the poor returns of late. I would not give up on this energy company at all.
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    • Fri Jun 20th 09:55 AM | Rating: 0 0
      Commented on:
      General Garbage
      Lots of negative comments about the original article , vis general garbage. Even though I've seen my share price go down, this is still a venerable old company with a triple A rating, and already a billion in contracts in place for wind turbines for Europe. In my humble opinion, there is no reason whatever for GE shares to be lower than $38. This temporary lull is just a reflection of the more pandemic fear mongering among investors worldwide. The right question is why billions in wind energy for Europe? The same reason we all thought the home equity as our personal ATM machine, and gas hogs were permanently the wave of the future....only 'other, poor people drove fuel efficient cars; not boastful, status conscious, brand racist elitist me".....if we insist on faulting anyone, it should be Detroit and everyone else totally asleep at the wheel. In the immortal words of Johhny Cash, "How high's the water, Mama?"


      On Jun 19 11:18 AM confused investor wrote:

      > Talk about Wind Energy stocks and GE stock goes down, talk of Nuclear
      > Energy and GE stock goes down, talk about the need for increased
      > transportations and fuel efficient locomotives and GE stock goes
      > down... I just don't get it as I watch GE stock crumble for being
      > in the right place/business at the right time.
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    • Fri Jun 13th 08:51 AM | Rating: 0 0
      Commented on:
      1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble?
      The "oil bubble" phrase caught my eye, for it is just what I , and perhaps may other investors, have been mulling over. No one thought the silicon valley start ups would ever collapse; and suffice it to say that even the rarefied atmosphere experts were blind sided by the interminably balooning real estate bubble. My strong caution today is that the hysteria will subside over barrel prices, and a whole new population of investors will be impoverished overnight. Where does all this arrogance come from? For one thing, almost no one reads the Bible anymore, nor do they think morality has anything to do with anything. In fact it has everything to do with everything. The vast numbers of homes and lives razed by natural disasters has sharply increased, and will continue to get worse. The very reason those preachers we love to hate are so alarmed is because they Have read the Bible...moral decline equals economic decline, crop failure, and military defeat following that. The pattern is crystal clear, and no more vivid than in Judges, where Israel fell into moral morass, and humiliating ravaging by foreign invaders from Western Arabia seven times in a row. The seventh time, Gideon with only 300 men slaughtered 50,000 Midianites. Upon Gideon's return, the Hebrews celebrated by making a golden idol, and quaffing wine and fornicating in front of it. ...duh...
      Brace yourselves for more devastating rounds of shock and dismay -for I assure you no one takes this seriously at all.
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    • Sun May 25th 15:26 PM | Rating: 0 0
      Commented on:
      GE May Spin Appliances Unit, Not Sell It
      Well said, old fogey; I concur. There are a huge number of 'adults' in the marketplace who have never bathed out of a steel helmet, or worked at hard labor until every muscle and joint hurt-nor have they really ever experienced prolonged unemployability. I'm not a gloom and doom guy - just tempered/sobered by how hard things can get. We have all been trending towards decline in virtually every aspect of American life. Only old fogeys seem aware of it. Lots of opinions along the lines of alarm was heard in years past, as we 'evolved' ( cough cough ) into Hummers, and $750K homes -like this would never end. It's a dark and lonely job, but somebody has to take away the spiked punch bowl from this party. On a positive note. let's recover our original technological leadership ( and work ethic/business ethic ) once again- and get crackin' on the lessening of dependence on our "crack " habit (oil -vis, 'crack spread') ( which has a lot more to do with unbridled vanity than energy consumption.
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    • Wed May 14th 09:22 AM | Rating: 0 0
      Commented on:
      Valero: More Upside Than Downside - Barron's
      I can't always resist the temptation to remark on the latest world view fad, namely the alarm over greenhosue gases. Yes, we need to curtail them...but as we do, China and India, et.al, will have no regard, thus the net effect will be less than zero. And there is one other fact missing from the 'edification portoflio' of the vast majority of folks. Namely that ice ages occure like the continual ringing of a phone, and only the burning of fossil fuels has disrupted the "natural flow". This line of think is way down there with Carl Sagan's "We are star stuff". I know this pushes all the hot buttons , but here we go: There has been one ice age, and one ice age only. This happened after the collapse of the vapor shell that was originally part of the greenhouse design before the 'Noahic Flood' ( caused by the meteor strike that created Hudson Bay, for one thing ). The continents have been draining eever since, with ever increasing desertification world wide. The flora and fauna that teemed pole to pole before were washed en masse into basins ( vis the Oklahoma Basin where oil fields were tapped for three generations - and into the Gulf of Mexico, and recently off Brazil - the next great untapped oil reserve ).


      On May 13 12:22 PM wayneS wrote:

      > Pump prices of gasoline need to go up to supply a more reasonable
      > refiners margin and to force a reduction of extreme waste of a limited
      > resource. Eliminating this waste will also reduce green house gases
      > release.
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    • Mon May 12th 22:30 PM | Rating: 0 0
      Commented on:
      Industries to Avoid, Industries to Buy
      Brother, did you stir the pot! Let me complement you on a few things. The Big Three auto makers summary is accurate. "Disregard for the consumer" you mention on their part may go down in history as something pandemic among our "latter day" corporate mind set/conspicuous status conciousness...no need to belabor the golden parachute for execs who ran the company in the ditch. I'm pointing to what I would call the mind disease of this turn of the millenia. The American Indian had it right when they described the pale face as "Wasichu"-wh... means spider= busy spinning webs of deceipt for the purpose of capturing and sucking dry the hapless churl, the brand racists, and the body worshiping desperate hosuewives, drooling over 'the lives of the rich and famous'- and damn morality, full speed ahead. I wonder if anyone ever really took their "Business Ethics" class seriously.
      Today we watch with glazed eye as thousands of homes are systematically destroyed by fire, flood, earthquake, tornado, hurricane, and mortgage meltdown...and think it will not happen to us! A clue...it will keep happening, and even accelerate until we all fall back and rethink this whole thing. Is it really important to buy the Hummer, and the million and a quarter home, on lots "starting in the low $300,000"? Has anyone really evaluated why we are called "the great Satan"? Porn anyone? How about a trip to Vegas where nothing you do will ever come to light...a clue...every move you make in Vegas is recorded on video. And the whole world is tune in to be entertianed by our stumbling, wretched collapse.
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    • Sun May 11th 12:54 PM | Rating: 0 0
      Commented on:
      Should We Force a Housing Bottom?
      Certainly there are some families that were undeservedly rug yanked out from under-but then so were those who happened to be in the path of a hurricane, tornado, flood, or forest fire,crop failure, ad infinitum. Gov't has to be seen trying to sweep back the tide with a broom, sort of like Mickey in Fantasia dealing with a form of broom leveraging. I remember hearing a still small voice some years ago cautioning that our economy was riding on equity loans. The rains came and the dam burst. I personally don't think the disasters are over. Gov't can't compel everyone to stop driving up the cost of energy with their shifting of capital to commodities, we probably find ourselves wistfully wishing for something like that. A return to simplifying our lives, and downscaling our "need" for $750K homes, and vehicles that get less gas mileage than city buses..so we can ride around in behemoths all by our haughty selves. I agree that the housing market should be allowed to correct, and correct some more. A reorientation to integrity and restraint is facing us all, speaking of redescovering our 'moorings'.
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    • Sat May 10th 09:19 AM | Rating: 0 0
      Commented on:
      Under The Radar News - Friday
      Re: "goggle eyes" and yoohoo, the world desperately needs some real competition in this amrekt place. Most of us have found that it is becoming increasingly problematic to find a useful website resulting from a tedious search. In part owing to the 'pay per click' advertising /get rich quick scheme' where if you expect your page to be viewed on the front page, you better be prepared to budget at least a grand or even several grand a month for the priveledge of beign "seen". A goggle/yoohoo merger might be a flash in the pan fast buck opp...but in the end, it will not help anyone. It will just provide us with scores of pages of useless webpages to scroll through to find something useful. And while I'm at it...ebay desperately needs a viable competitor. Seven billion a year gross for ebay, for a 'virtual store', with no real ovehead, is unconscionable. Of course, who cares about consciousness, or integrity, or true worth today? Let's just keep appointing our golf buddies to the board, who will approve a 20 million dollar severance package for us once we drive the corporation into bankruptcy. And damn the torpedoes...full speed ahead.
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