Nikola

Total Rating:
+5 / -5

53 Comments

    • Mon Nov 17th 05:04 AM | Rating: +3 -4
      Commented on:
      Will Obama's Economic Policies Drag the U.S. Down?
      It's incredible how the Republicans blame the Democrats for the current crises. It's truly shameless. Who's been in power for the last 8 years + 6 years of Republican Congress. My momah?

      And the fact that the market went down after election can be attributed to nothing other than the fact that Obama was elected. Then what has the market been doing for the past 8 years, huh? The stock market voted you people out of office, so quit talking about the market, ok?

      Talk about national security or something. Talk about how closing down Guantanamo and not torturing people is a bad idea. Talk about something where we don't have a verdict yet. Oh wait, we already do have a verdict on Republican mismanagement of the War on Terror.

      Talk about the weather will you. Oh, that's no good either. (Can you say Katrina?)

      You folks (and that's how you liked to be called) should really just go play golf for the next few years. You've got nothing to say.

      Shameless, truly shameless.
      View article »
    • Wed Nov 12th 23:42 PM | Rating: 0 0
      Commented on:
      How Low Can They Go?
      Hey, but you gotta admit something. Even this is better than the folks calling the bottom.
      View article »
    • Wed Nov 12th 05:15 AM | Rating: 0 0
      Commented on:
      Could AIG Kill GM's Chances for a Bailout?
      I think some year-end bonuses are in place for Wall St. folks. And GM CEO. AIG could also have its Christmas party for its execs in the Bahamas. After all, if the Lehman CEO walked away with all that money and his company went bankrupt, what about the rest of them.

      Boy, $350 B's?! That's a lot of yachts.
      View article »
    • Tue Nov 11th 19:50 PM | Rating: 0 0
      Commented on:
      Scrooge, aka Taxpayer, Heads for Wall Street
      Oh, and where are these disgruntled brokers gonna go? China? Russia? Tennessee? Lehman Brothers? Pahleeeease.

      I have a friend or two recently laid off from Wall St. They ain't looking to get employed for another year or two at least, no jobs. Luckily, they have fat reserves from last year bonuses and, oh yeah, severance packages.

      Like the Main St. consumer, they're cutting down on spending. Out the window goes that Paris condo.
      View article »
    • Sun Nov 9th 20:25 PM | Rating: +2 0
      Commented on:
      The Winners Will Be Those Who Look to Gold and Commodities
      Very good comment from the hand. The market is too volatile now and too many things are moving, too many variables.

      Theories on how the economy works usually disregard many variables because they assume them to be stable. Because they usually are stable, the theories work most of the time.

      But these days everything is moving, so no past theory is gonna work, other than the theory that "there will be another bull market in the next 20 years." Sure. But I am not sure that's very useful. Even if you were to figure out all the variables, the big unknown is the government now, and what sort of measures/regulation, incentives, tax cuts/increases it will bring over the next year or two, and how that will change the game, and what sort of secondary effects it will have.

      Best to stay out of this mess for a while. I was in Vegas a few weeks ago, and actually have a much better ROI in Vegas then in the stock market -- and I got out of the market in February!
      View article »
    • Thu Nov 6th 18:46 PM | Rating: 0 -1
      Commented on:
      Worst Two-Day Decline Since the '87 Crash
      Yes, dixie, people will soon realize that they made a mistake, and will vote Bush and the Neocons back in, and then the stock market will soar again like it did during the past 8 years.

      I am an investor and pro-business and so I voted for Democrats all around. Bush and six years of the Republican Congress have just about bankrupt this country. Last time we had a Democratic President how did the stock market do? Where was the Dow when Bush took office and where is it today?

      Get out of here.
      View article »
    • Mon Nov 3rd 20:56 PM | Rating: 0 0
      Commented on:
      Down almost 50% since June, PowerShares DB Agriculture Fund (DBA) looks due for a bounce. "Everybody has to eat," Dow Jones' Michael Kahn says, so for investors seeking exposure to a diverse array of assets, dipping a toe back in the commodities" seems like a good bet.
      Nice reasoning. Does that mean that people are eating 50% less now than in June?

      Man, where can I pick up an "analyst" salary?
      View news story »
    • Thu Oct 16th 06:07 AM | Rating: 0 0
      Commented on:
      Equity Futures Moving Higher
      Don't bet against the dollar. I did and lost.

      Dollar sucks. US economy sucks. US masters suck.

      But guess what. The Europeans are spineless servants of the US. It's even worse there. You think Americans are spoiled because they borrow too much money? The French borrow just as much, and work 34 hour weeks and take month long vacations. Talk about being spoiled. Inflation is far worse in Euro zone than in the US.

      Who else? Japan? C'mon.

      Chinese yuan actually might be a contender, but the Chinese are not gonna let yuan appreciate too much against the dollar. Maybe a few percent for show. Anything more than that and Chinese goods are too expensive. And what with the trillion dollars they hold? They are just gonna let it evaporate?

      So.... dollar sucks. Euro sucks more. Japan has been dead for two decades. China will legislate its currency.

      The dollar is dead, long live the dollar!
      View article »
    • Wed Oct 15th 21:50 PM | Rating: 0 0
      Commented on:
      Gold ETFs: What Went Wrong With Conventional Wisdom?
      Cash is like an ETF, it represents an underlying value, but it also is influenced by supply and demand (btw, cash also provided an alpha of 0%, and gold really didn't, because some people bought it at $950).

      Supply of cash from banks has dried up (credit freeze), and as someone pointed out, demand for it has only gone up since the stocks are in the gutter. So the price goes up.

      In the past few years, dollar was purposefully allowed to depreciate in order to keep the economy going, as the current regime was working on otherwise wrecking the economy (borrowing, wars, tax cuts, deregulation, plundering...) This made other currencies (mainly Euro) become dangerously overvalued in comparison. When the world financial system started to collapse, Euro is now catching up, and that's what's keeping the dollar from falling further (relativelly). For the time being.

      As someone else also pointed out, the various bailouts (is anyone keeping count?) have or will pump trillion of dollars of cash into the system. Which is not showing up because, well, it hasn't really been injected yet, they just say it is, it takes a bit to print 10 billion one hundred dollar bills and distribute them, and also the banks are still sitting on their cash. Once the banks relax and start moving their cash again, well, then we'll have too much money out there. Which will cause inflation.

      You will know that is happening, if not sooner, when you see the Fed raising rates dramatically, and making banks keep more in reserve. That's when Gold will go up.

      If you think about the timing, think about the economy as a tanker. The captain fell asleep at the wheel... and is now trying to change direction. It's going to take a while for some of these bailouts to work -- for the tanker to actually start going in a different direction. Right now it's just SLOWING DOWN going in the wrong direction, but it's still going in that direction still (as we saw last night).

      A number of people talked about the recovery happening in Q2 2009 or so. I think that's about right.

      I don't think anything exciting will happen with gold in 2008 (maybe sucker rallies?)

      Someone mentioned gold price manipulation, and unfortunately there appears to be some of that as well, but the price can only be manipulated for so long. Once the pressure from the economy comes, though, there'll be no manipulation possible from stopping the price going up.

      To buy gold now or not? It's a fairly safe investment, assuming you don't buy into some sucker's rally. On the other hand, it's unlikely it will go up to $2000. The Fed does have tools to soak up the extra cash, and keep inflation in check. Assuming they don't fall asleep at the switch.

      McCain said he would fire the SEC chief. I agree. I would also replace Bernanke. It's time for him to go.


      View article »
    • Wed Oct 15th 03:21 AM | Rating: 0 0
      Commented on:
      Chasing Unicorns: The Cycle Gods Are Still Playing with Us Mere Mortals
      Y'all forgot Bernanke's nickname. Helicopter Ben. And why? Because he, quoting Milton Friedman, told Congress that "US has the technology to beat deflation." Print money and drop it from the helicopter.

      Using this "technology" Ben could force inflation. And inflation, although it kills the little guy (wipes all his life savings), can be good for the government. Its debt becomes worthless too. (Bailout? Trillion schmillion) And the stock market? Well, it inflates too. Dow at 50,000.

      What market crash?

      Sure it will kill the dollar. But if you haven't noticed, they gave up on the dollar a long time ago. Besides, who got the most gold? Des' right. So we covered.

      If you're "we".
      View article »
    • Tue Oct 14th 21:43 PM | Rating: 0 0
      Commented on:
      The Very Slow Thaw
      Who's joining me in filing a Freedom of Information Act request for Dow closing numbers in the next six months.

      We know Paulson has a document like this.

      The public has a right to know.
      View article »
    • Mon Oct 13th 22:49 PM | Rating: 0 0
      Commented on:
      Are More Big Falls Ahead?
      There might not be big drops. But I think we are going to "recover" from this rally over a period of a few weeks. Little by little....
      View article »
    • Mon Oct 13th 01:35 AM | Rating: 0 0
      Commented on:
      The Crash of 2008
      I second Moses. That fact that everyone is cheerleading a bottom is a clear sign that it ain't.

      We will surely have a technical rebound. Just in time for the "analysts" to cash out.

      Bottom or not, we're not gonna see Dow back in the 5 digits for at least a year and probably two or three. And that's an optimistic scenario. This time to take the Dow back up folks are gonna have to work for it. You won't be able to scam'em into it.
      View article »
    • Fri Oct 10th 06:02 AM | Rating: 0 0
      Commented on:
      Nation's Debt: It's Not Being Rescued, It's Being Moved Around
      Moonbat, we are having a financial bust? Where, where?

      George W. Bush managed to bankrupt another company. United States of America. But he's excused. It was all God's work he was doing.

      Let's appoint him Secretary General of the UN once he leaves office, shall we?
      View article »
    • Fri Oct 10th 03:42 AM | Rating: 0 0
      Commented on:
      What Just Happened?
      "we're gifting them $10 trillion in upside on equities at the same time."

      Why? Why not say we are gifting them $1000 trillion in upside on equities? Because that's not a fair price? And plus $10 trillion is a fair price? That was fair? Then why are we falling now?

      It doesn't make any sense Salmon.

      What just happened? A Ponzi scheme unwinding. It is a good thing our kids will live in a world where financial companies are going to have substance on their balance sheets.
      View article »
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»