jse17

Stephen Leeb's 'Game Over': Good Advice for Tough Times

"For instance, he quotes Caltech scientist Mark Jacobson’s estimate that the US could take care of the bulk of its energy needs with 700,000 windmills. However, Leeb asks, where on earth would we get the steel to build them?"

Avoiding functional fixation is a critical first step in creating solutions for any problem. The question that jumps to the fore is why must the wind generating system be iron ore based. Additionally, how many years are in play to complete the project?

Be Like Buffett: Get Off the Roller Coaster

Before us is what I assume to be a serious article. Mario Gabelli mentioned in the same breath as Warren Buffett creates amusement if not incredulity!

As to GE, think of the firm as a mini index 500 vehicle. If GE fails, so does the country, an arguably unlikely event! With this said, close your eyes, hold your nose, and buy GE serially to its ultimate low!

Buffett's GE Warrants Quickly Trade Out of the Money

Let us assume for discussion’s sake that a Plunge Protection Team actually exists as many believe factual. Reportedly, Hammering Hank leads this group of covert operatives in stabilizing markets. So far so good!

Now, if Hank wished an unpopular Bail-Out Bill’s passage, would Hank and his friends not simply reverse the PPT’s function by either not participating or selling into a decline? The argument then arises that by selling shares, Hank would harm his bottom line via losses. Any losses could, however, be eliminated through buy backs at even more attractive prices!

Unless we are a rebirth of Nostradamus, certainty is nothing more than the musings of fools on CNBC. Columbus took a chance and perhaps we should as well. Buying reasonably solid stocks at or near single digit PE’s more likely than not will make us the subject of great envy at the 2009 office holiday party!!!!