AlexS

Total Rating:
+7 / 0

173 Comments

    • Thu Sep 18th 12:53 PM | Rating: 0 0
      Commented on:
      Is There a Bounce Opportunity in the Energy Sector?
      Agreed. A lot of these stocks are selling at P/Es or 5-10. And although crack spreads are down they're still positive and oil is still up compared to a year ago. What, do they think now that people can live without energy? The biggest negative for these stocks is Obama and the Dems and all their plans to bleed the energy companies with higher taxes.
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    • Thu Sep 18th 12:46 PM | Rating: 0 0
      Commented on:
      Since When Is Getting a Loan Being 'Bailed Out'?
      The main stream media always plays with words, to emphasize the terrible, the surprising, the shocking. A lot of times they do it even if it's a lie. So the MSM coverage now is no surprise. Besides, most of them are for Obama so if they emphasize the negative now maybe people will be afraid and vote against the party associated with George Bush.
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    • Wed Sep 17th 18:01 PM | Rating: 0 0
      Commented on:
      Senator Harry Reid: 'No One Knows What To Do'
      Old Harry said we lost the Iraq war when we hadn't. Now he doesn't know what to do. I would suggest he resign. And take Barney and Nancy with him.
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    • Tue Sep 16th 21:57 PM | Rating: 0 0
      Commented on:
      AIG Bailout: Over to Congress
      I really blame a lot of this on Congress, or at least the part of Congress that decided to politicize the mission of Fannie and Freddie to include, or even emphasize, lending money to poor people who didn't have a chance of really affording their subprime loans. All so the Congress could strut and posture for the papers and for their image, etc. And those people will be re-elected and they'll do the same thing over and over because they have no accountability. For instance, the housing bill from earlier this year sets aside a portion of every Fand and Fred mortgage payment to give to community activist groups to lobby and pressure banks to give out more subprime mortgages. And Congress did this even while this crisis was unfolding. It's sickening.
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    • Tue Sep 16th 21:41 PM | Rating: 0 0
      Commented on:
      AIG Bailout: Over to Congress
      I'd be more in favor of it if we could take the responsible (sic) management and put them in the stocks for a while in the town square. Maybe tar and feathers would be better.
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    • Tue Sep 16th 17:44 PM | Rating: 0 0
      Commented on:
      Depressionary Tales
      Well said, Steven. Let's see, then we had increased taxes, tariffs on trade, and more control by the unions. Over the next couple of years we will have the Bush tax cuts expire and Obama wants even higher taxes, Obama wants to renegotiate Nafta, etc., and Obama promises more control by the unions. I'd say that's a pretty good parallel. Hopefully we won't need World War III to pull us out of the next Depression.
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    • Tue Sep 16th 15:01 PM | Rating: 0 0
      Commented on:
      The Case for Natural Gas Powered Transportation
      Talking to a friend last night about this idea. He had checked on converting his truck and the estimate he received was $15K just for the vehicle part. He was saying in order to get one installed it has to go through EPA for a type certificate, that type certificates were issued model by model, that they expired and they wouldn't necessarily be renewed by EPA. His impression was that was a big reason the conversions are so expensive. Around here $15K will get you a pretty good used car (or truck, as it happens).

      I came across another web site talking about the early 1990s and Silverado CNG trucks. Apparently there were a couple of explosions (tank ruptures?) when refueling. GM couldn't explain it so they recalled several hundred CNG trucks and offered to replace them with gasoline powered trucks. This might be one factor keeping fuel distributorships from installing CNG fueling stations.
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    • Tue Sep 16th 13:55 PM | Rating: 0 0
      Commented on:
      John Hussman: Fannie / Freddie Set the Stage for Lehman
      Why would you blame this on tax cuts? There have been other tax cuts before but I don't recall a subprime mortgage disaster. I blame it on the Community Reinvestment Act (CRA) of 1977 (Jimmy Carter and a Democratic Congress) followed by the 1995 action of Bill Clinton et. al. in "strengthening&qu... the CRA and allowing institutions to sell derivatives, to hide the sales of subprimes in a basket of otherwise investment grade obligations. Part of the CRA was giving money to "community activist" groups to increase pressure on banks to make subprime loans, the same activity that gave Obama his start in community activist functions. Then of course this year the Congress in its housing bill mandated that a portion of all Fannie and Freddie mortgage loans include a percentage for those same activist groups. Nothing like a wheel to bring us back to where we were.
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    • Mon Sep 15th 15:40 PM | Rating: 0 0
      Commented on:
      Is Sirius XM Headed the Way of Old Radio?
      I never did like the idea that you had to buy one subscription for your car radio and another for your house radio. Or, they expected me to carry my radio from my car to the docking station in my house. Give me a break. And I guess that $500 million they paid to Howard Stern isn't looking so smart. That was the era of big money - but now we're finding out it was real all along.
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    • Sun Sep 14th 23:24 PM | Rating: 0 0
      Commented on:
      Fearfully Fascinating Financials: Is the U.S. Financial System Leaving the Building?
      You never count your money when you're sittin' at the table. There'll be time enough for countin' when the dealin's done.
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    • Sat Sep 13th 18:26 PM | Rating: 0 0
      Commented on:
      The Case for Natural Gas Powered Transportation
      I've been thinking along the same lines, actually. But I'm thinking about it from an energy security standpoint (my energy security). We have a lot more native natural gas and I don't see a cutoff in our future but crude oil may be another story. So I've thought of converting my pickup to natural gas - the bed makes an obvious space for a tank. And I wouldn't just want to rely on natural gas for fuel, as I'm not sure there would be so many fueling points, so it would be a dual fuel use. I could use it in the area to get away from the high cost of gasoline. On a trip I could use either fuel, knowing that gasoline could always get me through. I'm not sure a small car is the obvious place for natural gas - it has little enough room as it is and the mileage from natural gas is low compared to gasoline. Maybe GM could do a conversion on some of those pickup trucks they can't sell. And I love the idea of an automobile manufacturer staking a claim by locating fill up points at their dealerships.
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    • Thu Sep 11th 17:08 PM | Rating: 0 0
      Commented on:
      Still an Oil Bull, Lame or Not
      You can say mileage has gone down 5% and that's demand destruction. Or you can say the price has doubled and miles have gone down 5%, but therefore total spending on fuel has gone up by slightly less than 100%. I look at value in terms of dollars, not units. A million iPods has more value than 2 million pencils. Do you think you will be spending a lower percentage of your salary on energy in 5, or 10 years? Neither do I. I want my investments to be where the money is.
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    • Fri Sep 5th 16:06 PM | Rating: 0 0
      Commented on:
      Gold Futures' Dirty Secret (Part II)
      Reminds me of the joke about the woman who walks into the butcher shop and sees a sign "pork chops $3 a pound" and asks the butcher why his pork chops are so expensive because across the street the price is only $2 a pound. The butcher asks her well if they're only $2 a pound then why doesn't she buy them across the street. She replies that across the street they're out, whereupon the butcher says OK when we're out then the price will be $2 a pound too.

      Pork chops are $2 a pound and we're out.
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    • Thu Sep 4th 14:20 PM | Rating: 0 0
      Commented on:
      The Most Important Fact To Know About Oil Investing
      Good article. I'm watching the markets drop now so I have nothing else to say.
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    • Tue Sep 2nd 11:13 AM | Rating: 0 0
      Commented on:
      Diluting the WSJ
      Good point. As a long time WSJ reader I've noticed that more and more stories are from the standard left of center big media view. It's disturbing. I pay, what is it, $100-150 a year for the WSJ, and it's gotten to the point that the editorial page and perhaps a couple of pages around it are written for a conservative readership. On the other hand, National Review, the Weekly Standard, and the Washington Times are good sources for the vast right-wing conspiracy, of which I am proud to be an unofficial member.
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