bm1087

20 Comments

    • 10 Notes on the Current Market Fracas [view article]
      Only thing is we might have some wind to take this much higher. IMO Naked short rule enforced (slight government backstop) + record short percentages + very oversold conditions = one hell of a massive short covering rally coupled with a few bottom pickers. A lot of weak shorts will be taken to the cleaners as evident of the last half hour of trading today. Jul 23 12:03 AM
    • Top 10 Ways to Spot a Run on Your Bank [view article]
      I bank at Suntrust (several branches) in South Florida and have never witnessed a shortage of withdrawal slips. The Suntrust Employees are always friendly and have been so since I opened my account(s) over a year ago. The service has been top-notch and thus I closed my Wachovia account(s) and moved over everything to Suntrust. Yes, Suntrust is gonna take some heat from the Florida real estate market but I'm confident they will survive. Now since we are talking troubled banks - take a walk to a Wachovia in South Florida - scary! I even recently purchased 600 shares of STI to back my conviction. Nice dividend yield, an acquisition target, and I bet decent earnings this week. Jul 20 11:46 PM
    • Short Sales: SEC Turns Back the Clock to 1931 [view article]
      quetzalcoatl - Agreed! Makes investing in real estate promising again. Who really wants to invest (buy and hold) when the market is tilted and played by very few hands? Very few have time or the will to trade full-time. God forbid you take your eyes of the market for an hour. Obviously the government had to step in as these power brokers were willing to collapse the entire financial system in the name of the dollar. With no regard to you and I. Those same ***** also ran commodities to the moon and only when Congress aggressively started to introduce restrictive legislation has the air start to bleed out; however, during the run up the carnage to businesses and the consumer was un-remorseful. Jul 20 11:30 PM
    • Mother of All Short Squeezes? [view article]
      If you been around Wall Street any length of time you will come to realize there is no such animal as a "free market". Wall Street is a well-oiled machine controlled by very few players. You and I ride on those coattails for good or for bad. Jul 20 11:19 PM
    • Majority of Americans Support Ethanol [view article]
      john s. gordon: Please don't use the "people are starving" argument. For one people have been starving in undeveloped countries for thousands of years and ethanol hasn't changed this unfortunate circumstance one way or the other. Second - Americans waste so much food it's a sin. Just look at what your local buffet throws out in the garbage. Furthermore in my state by law that wasted food must be thrown out, and can't be given to any homeless shelter or charity. Mangolfer: Yes it's that simple! Keep the money in the U.S. or continue to fund the very people that kill/maim our troops. Jul 20 10:10 AM
    • When Trading Stops Being Fun: Riots at the Pakistani Exchange [view article]
      The major U.S. and European exchanges will continue to be the de-facto standard due to inherent stability. Imagine those empty threats of shifting commodity trading offshore due to increases in U.S. regulation. Yeah right. Jul 17 04:59 PM
    • Troubled VMWare's Lowest Close Ever [view article]
      Yeah right, you're joking. VMWare is light years ahead. If you worked with the product you wouldn't be making those assumptions. Speaking of Redhat weren't they going to replace Microsoft in the very late 90's? All those open source office apps were going to replace office? How about Novell, Palm, and NetScape? The only chance against VMWare is Microsoft buying Citrix and coming out with a new OS based on a Linux kernel. Then they have a real chance. No one in IT management is going back to VM Mainframes. You know why? Cause they don’t have the staff to support it and IBM will bleed your IT budget dry. BTW: Not holding any positions in any company mentioned. Jul 09 11:52 PM
    • Platts Bars Lehman From Trading Oil Contracts [view article]
      It would be nice to add a few more to the list: GS - MER. LEH is just trying to make up for losses, and in doing so is hurting every consumer and putting blue collar companies at risk of insolvency. AMR and GM employ a lot of people; not everyone works on Wall Street. Jul 07 06:25 PM
    • Oil and the Futures Market [view article]
      Pension funds have no business influencing consumables. If they need to hedge against the dollar they can do so in several ways. Go long foreign currency, long metals, short the S&P and the list goes on. This has become a national security issue. They all need to be banned. Why should the tax payers foot the bill to bail out the airlines? Let the funds pay for it. Jul 03 07:56 AM
    • Is VeraSun a Good Buy? [view article]
      Article failed to mention that despite negative press, record high corn and nat gas that the company grew revenue and made a profit. Jun 27 10:43 AM
    • Is the Oil Index Set to Fall? [view article]
      Bring it on! There was no reason for corn to spike yesterday in tandum with oil over Libya's rethoric. Pure speculation is driving commodity prices and we all know it. CFTC is ready to flex its muscles and Congress is backing the play (and so are the working class). Can't wait for payback time with the commodity bulls. Jun 27 08:57 AM
    • Obama's Misguided Ethanol Policy [view article]
      TruthSeeker you hit the nail on the head. When the Ethanol industry is allowed to progress they will be able to use every piece of corn: The husk and the kernel with by-products such as fuel, feed, corn oil, and corn derivatives. Nothing will go to waste. Now my only problem with the industry is why they use Nat Gas in the processing when all of their plants are in the middle of nowhere? Can't they use the power of wind and/or solar for processing? Wouldn't that be a net sum game negating the argument of more to produce?

      What others on this blog fail to factor into the current oil equation is we absolutely didn't learn anything from the 70's. Our wars alone have cost trillion(s) not to mention blood. Today we buy oil from our enemies around the world. I'd rather pay more for chicken if it meant my dollar stayed in the pocket of an American farmer. If I can't serve overseas, I'd gladly support our troops from home.       Jun 26 05:36 PM
    • Is the Great Moderation in Danger? [view article]
      With the exception that when a few traders control the oil (corn, wheat etc..) market with no downside oil will hit 200+ a barrel and American Society will collapse. Why so the elites can add a few more billions to their piles? If we were as prepared like every other major country in the world we can adjust and make do. Have you ever seen your fellow Americans panic after a few days without Cable TV and A/C? Now just imagine $8 a gal gas. Jun 24 04:34 PM
    • Options Trader: Friday Outlook [view article]
      You know what's sick? Most of the readers here and the mainstream media detest ethanol. Yet trillions are squandered to preserve the oil machine, and we’re Ok with that. Deplorable! What’s wrong with made in the USA? May 16 11:29 PM
    • Economists Blast Ethanol, the 'Nicorette Gum of America's Oil Addiction' [view article]
      I would spend 5 a gallon for ethanol knowing that every cent stayed in the U.S. vs. all the money going over seas to countries that despise our country. If it wasn't for the speculators, corn would back off. This is ridiculous propaganda. Corn is just the doorway to better means and big oil doesn't want them to cut in on their parade. So the US gov reps are OK with profits in the billions for oil cos, gas 4 a gal, but complaining about the only alternative we got? I'm long ethanol for support sake only, as I'll probably never make a dime as an investment. May 08 10:40 PM
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