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    • ON: Mon Apr 7th 00:04 AM
      Commented on:
      The Real Solution to the Energy Problem
      I do not wish to offend the members of this forum with my brusqueness, but put simply, there is no crisis in energy. We are not going to run out of oil. This fact, I know is not consistent with the voluminous peak oil literature, but it is true. There has been little investment in the domestic oil/gas industry over the past 30 years -- largely because there was no rationale whatever to spend money on a commodity that foreign nations could produce for almost nothing. That would be a recipe for financial ruin. Sustained high prices will spur investment. It is important to note, though, that oil prices are high in part because the Federal Reserve since the 80s has increased the supply of USD to ABSURD levels vis-a-vis the real economy. The energy problem is a diversion... the free market (if allowed to operate) will sort it out. The focus, in my view, should lie in returning America to a sound economic foundation. This would require sending the central bankers back to Europe where they came from and ending financial profligacy in Washington.
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    • ON: Tue Mar 25th 16:29 PM
      Commented on:
      Market Outlook: Watch Out, the Signs Can Be Deceiving
      The present "energy crisis" as well as global warming are both elaborate hoaxes. Look VERY carefully at who is promoting such ideas and why.

      I agree largely with the author's analysis on market direction. Certainly, the study of market history is important but many comparisons are unwarranted as we no longer operate in the free market. Moreover, the indices are scarcely indicative of economic reality in America. The money supply has exploded under Messrs. Greenspan and Bernanke and they have inflated everything under the sun. They will fight to the death to reflate the markets. They will ultimately fail and our currency will probably be destroyed.
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    • ON: Thu Mar 6th 16:11 PM
      Commented on:
      Preparing to Hedge with UltraShort ETFs
      If your models are telling you that the S&P has at least a 100 points to lose to the downside, why are you net long? This is lunacy. You're throwing your money away. A conservative position would be short stocks or in cash. A rather reckless one would be long stocks with hedges. The trend is down -- don't argue with the tape.
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