freddie

Cramer's Stop Trading! The Good Dividend Cut (2/27/09)

Anyone who acts on anything Cramer says is a fool. I tune in every so often, and record his "recommendations" and then track them. Oh, his poor "Charitable Trust." In mid-Dec, he touted MAS, kissed the CEO's ass, said the P/S guaranteed the "accidental" high dividend, "BUY, BUY, BUY". Then a week or so back, someone called in to ask about his recommendation now that MAS tanked and cut its dividend, and Cramer claimed he recommended a sell in Dec.!!!!!! and then cut the guy off.

The only honest and appropriate recommendation I have heard from the guy was when a retiree called in to tell Cramer he just received a big disbursement from his folding retirement fund, and asked for stock advice. Cramer told him he didn't belong in the market, and told him to get a CD. Then he said, "I can't believe it, did I just recommend a CD." Yeah, you did Cramer, you finally made a proper and prudent recommendation to a retiree. "Class Warefare"!!!, it has been conducted against the working and middle classes for decades, and this con artist, shill and entertainer dares to defend banksters who still are running the show!!!!

The Geithner / Obama Plan Will Fail

Since nationalization is the only way out of this, could the "stress test" be a political ploy for nationalization down the line? I think the "stress test" is the key element. Without it, billions would be hurled into the black hole. The Obama regime could announce that private capital would not sufficiently step into the risky assets despite guarantees, which is probably what will happen, and that the stress test revealed that nationalization was forced on the government. Once in control, the govt can choose which assests, it will guarantee, eg pension fund investements, which would answer some of the concerns voiced by StockMarketSage.

Jeremy Grantham: We Need to Halve Private Debt

Good point, Gordon.

Banks Not Lending Anymore? Simply Untrue

I watch Erin Burnett to see what shade of lipstick and hair style go best with the color and cut of her outfit that day. She, or rather her make-up and style adisor, are expert at that. I also tune in for breaking business news, but for analysis, are you kidding! She is reading what is written for her. If they have a guest like Nouriel Rubini on, I'll listen closely, but tune out on anything she says.

There is a guy on that channel named Joe something. Used to have his hair bushy and messy. Today it's trimmed, with a more clean cut look. The day before the DotCom crash, he looked into the camera and said sternly, "if your financial advisor does not have you in tech, you better ask him why." Wish I possessed that footage. A bunch of whores.

Deflation Is Just Around the Corner

Wow, Ed is usually right on, as subsequent events reveal, but this time he is declaring the moment (in relative terms) as a long term situation in the face of macro monetary policy leading (shortly in relative terms) in one direction - hyperinflation, likely hyper-stagflation. As other commenters have said, everyday consumption continues inflated, and about 6 months from now, Opec cuts will come home to roost. Instead of me laying it out, read Engdahl, slowly:

globalresearch.ca/inde...

The Manipulation of Gold Prices

Yeah, and the same bunch led by GS were pimping $200 oil before it crashed. Aren't you glad you didn't go long on oil just a few months ago on the basis of GS hype? To depend on what that bankrupt outfit says is madness.


On Dec 05 10:28 AM Ryan wrote:

> Good article. Citigroup think's gold is going to $2,000, as I explain
> here:
>
> freundinvesting.com/20.../
>

Friday Outlook: An Enigmatic Bounce

I guess I'm not the only one scratching my head over the market's 15% move in 3 consecutive days in the face of withering economic news. Obama's "help is on the way"??? Naming Giethner? Did that do it???

Historically, when did the market previously rise 15% on three consecutive trading days? Answer: 1932. Ah, that gives some clarity. The market bears little relationship to the economy right now, it's just another casino.

Can we get out of this by dealing bank by bank without Obama needing to proclaim an extended Bank Holiday and a massive nationalization to sort out the mess??? And will insured cash deposits be honored without an official devaluation? I sure hope so or I will be wishing I had been more of a pure gambler.

Can Central Bankers Prevent a Great Depression?

Excellent summary article! Wonder how much longer those enticing dividends on beaten down stocks can continue. This article helped steady my hand hovering over the keys of my computer to buy for the dividend.

Why Obama Should Not Choose Summers as Treasury Secretary

I second MarkW.

Is Buy-and-Hold Dead? Hardly

Invest in beat down companies paying 5% or more in dividends for the longterm (paraphrased).

Sounds great, very logical, prudent. But what guarantee is there that these companies will be able to continue to pay 5% or more? So is the reduction of dividend a sell sign?

Just think how much those in "insured" cash have made by protecting principal while benefitting from the "miracle of compound interest."
Over the last year, a minimum of 30%, up to 50-60%, in protected principal + compound interest, and when in state bonds, the addition of tax savings of about 40% to 44% on interest depending on individual state income tax. Hmmm. Looks good, unless the rush from gambling is worth the losses of those who bought into the "think long" and be "diversified" mantra the talking heads are paid to throw at us daily.

If you folks are willing to think in 10-year periods, think real estate and rents and appreciation and tax breaks galore. Get out there and pick up a few repos, especially duplexes and triplexes, and you will be very well off 10 years from now. If you play the market, you might as well go to Vegas or your local Indian casino, and play black and red on roulette, and play the 2-1 line, and don't forget to cover the house numbers with a 11-1 play. And there is no additional commission. But stay away from the poker tables where there are professionals working with partners. The poker tables are a lot like the stock market. LOL.

Let's Clarify "The Worst Economy Since...." Debate

One fact makes it the "worst in 100 years." Nations did not go bankrupt in the Great Depression. Why do I get the feeling that we are at the beginning and not the "bottom" or "near bottom."

And stagflation appears to be gaining momentum. I base this on empirical observation. I thought this would be a good time to remodel a house for rental. We are now completing the kitchen. Even high end sellers of kitchen equipment will meet Home Depot's prices. Yes, Home Depot now carries high end kitchen products. However, when I selected some high end stainless sinks, faucets, etc. after visiting several showrooms, when i returned just a week later to make the purchase, the price had gone up 8%! The explanation - supply is down - hard to get!

And I decided to do deferred maintenance on my boat with a Volvo Penta diesel engine. Marine mechanics are now asking $90 to $100 an hour, and Volvo Penta just increased parts prices another 10%. Not scientific you say, but isn't this how we knew all along in our everyday lives that the Govt was BSing inflation rates? Look out for anything made of metals. You ain't seen nothin yet.

Bye-Bye Dividends

On Nov 03 01:41 PM coolsoupy wrote:

> Uh - I can't work - how else do I get monthly checks besides dividends?

Coolsoupy,

I too am retired. If "dividends" mean the bulk of your life's capital is in equities, that's a lot of risk since you can't earn it again. Besides having dividend paying stocks or stock funds, there are municipals, particularly very safe tax free state bonds, several kinds of Treasury notes and bonds, and plain old FDIC insured CDs. You don't need a fund to own them and pay no commissions. Also, in recessions, not only does the stock price take a hit, but dividends can and will be cut. So just suggesting that diversification means divident paying stocks but a good percentage in other investments that just about insure your principal. JMHO.

Bye-Bye Dividends

Wow, Famos, at least you honestly express your prejudice and warped, distorted view of just who has been "taking the Workers earnings."

And to the others that claim to live solely off dividends, you need to quickly reexamine the word "diversification."

The Bottom's Within Sight - Barron's

I was about to write something in reaction until I read eddie64's comments. Now no need.

I'll just add that many moon ago when I was living in Argentina, I read an article in Marcha, a left-wing Urugayan weekly, by James Petras, a leftist academic sociologist and specialist in Latin America. It was on the riots in the US in response to the assasinations in 1968. It was titled El Saqueo como Politica, y La Politica como Saqueo, which means Looting as Politics and the Politics of Looting. Petras noted that the rage of the disenfranchissed was directed to looting longed for commodities instead of in any organized political organizing. Decades later, the LA Riots in reaction to sanctioned police brutality were directed at massive looting. Just imagine what will happen in our urban areas once commodity consuption is restricted by no credit and increasing unemployment. The religion of America is consumption - you are what you wear, you are what you drive, or you are nothing. After 911, our Decider declared, "shop"!

The US is bankrupt, and the credit bubble cannot be duplicated in the short term. Massive inflation is the only way to buy time, and massive public works and maybe a real physical green revolution can provide productive investment, but that means progressive decoupling from the world economy. But this is a violent country, and I fear you haven't seen nothing yet while you all await "the bottom" to try to make a few devalued bucks.

Where Is the Global Economy Headed Now?

"Disclosure: I have no equity, debt or derivative positions in any financial institutions"

Congratulations!!!