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11 Comments

    • Markets Haven't Yet Properly Digested the Bad News [view article]
      OH no the sky is falling, we are going into another great depression!!! In the long run the United States has always been the money play, ever since it was born. Yes we need time but were not screwed. Jun 04 08:20 AM
    • Is Oil a Bubble? Part One [view article]
      www.ft.com/cms/s/0/571...

      uh oh.......       May 23 09:19 AM
    • Is Oil a Bubble? Part One [view article]
      We drill it, suck it up, and it flows. All I can say in defense. And I think it is a proper defense. May 23 08:57 AM
    • Is Oil a Bubble? Part One [view article]
      One thing to note user is that reserves are based on what oil is profitable to get to. If oil Hits $150 maybe drilling through Ice in Russia becomes worth it economically, maybe boiling oil shale in Colorado becomes worth it, etc. The odd thing about oil and using the word production or reserves is that when price goes up so does supply..... odd as hell but absolutely true. This would make price increases in oil haveing an almost plateau like effect. So it would make sense to figure that into your numbers. It only takes one pipe in russia drilled through the Ice to change everything once again.

      I just hope we don't have to get it. Keep it in the ground and let us continue our work on alternative sources. It is extremely unfair to talk about how long it will take technology to offset current demands when technology grows faster than the price of oil.       May 23 08:44 AM
    • Is Oil a Bubble? Part One [view article]
      Ship Shape... He was not using wheat or corn to show there must be a reversal but showing why putting a wondfall tax on corps in oil makes no sense.

      And AMR and ford he used as examples that trasportation is failing right now due to high oil which will in turn drive demand down for oil not that one company will take it down.

      I was a little harsh.... didn't think you were still looking at article :)       May 23 08:31 AM
    • Is Oil a Bubble? Part One [view article]
      The simple fact is that oil is at $130 a barrel. We have been talking about alternative energies since it was much cheaper, now/soon those alternative energies can get real margins going because of demand for energy. Maybe Oil makes it to $150 let's say, anything above that will be spikes and nothing more, oil can't stay that high without alternative sources eating up market share.

      In the end, high oil prices will be what helped us get away from it's leash. When 400 miles travelled can cost you $50 vs. $100 people will start thinking that an extra $2500 for hybrids/elictricals are pretty smart.

      Say what you will about emerging markets needing oil, if the U.S. cuts it's usage in half over the next 30 years oil goes down (adjusted for inflation ofcourse).

      Also don't forget..... OIL IS PRICED IN DOLLARS!!!

      see what happens eventually when rates go up (that is definitely more long term however)

      Disclosure:

      Disregarding numbers which were used to just have a number, the logic I don't think can be argued. There was an old saying in times long ago "No wood, No kingdom" wood was the fuel, then came coal, then came oil, next is something else. When people say oil is a necessity it just makes me laugh. Intelligence and ingenuity is teh necessity.

      Agree?/Disagree?       May 23 08:17 AM
    • Is Oil a Bubble? Part One [view article]
      Ship shape I am convinced you didn't read the article. May 23 08:00 AM
    • Sirius/XM Competition Benefits Consumers [view article]
      I hope the whole save your car and prevenet accidents thing was a joke. If it was then I understand the article. If you we're serious about cutting down on car crashes and saving you're car that is just ridiculous. May 08 08:06 AM
    • Retailers Beware: Amazon Launches SMS Buying Service [view article]
      A great example of where are technology is leading us. One of the reasons I bought GOOG at 515 last ear was because I thought this was right around the corner for them..... I just wish goog didn't implode after exploding above $700. Whoa back on target. The newer generations will fully embrace this concept I believe. Apr 02 09:49 AM
    • Wells Fargo Seeking Fed Shotgun Marriage [view article]
      A buddy of mine works for Wells Fargo Financial and he said that they had said they might look for a presence in the east and he mentioned WAMU was talked about, this was in like a mailing to all managers I guess. I immediately thought it would be terrible due to overlap. Not just in California but in other states as well. How the heck do you efficiently merge brick and mortors all over the west coast that sit across the street from each other. They would have to close one shop leave one open and move employees.

      That is my boggest argument against wamu wells. NCC does sound better to my ears. Maybe even smaller like bank atlantic or sun trust. I wonder if anyone has done analysis on those targets.       Mar 31 11:16 AM
    • Upside to Falling Prices: Housing Affordabilty Index Reaches 4-Year High [view article]
      I could agree that homes are getting more affordable. I live in Florida and just purchase a home (south florida, the worst area now). Families can afford homes in the area. I thought the reports showed incomes rising even while more jobs were being cut.

      Point being is that the problem with a lot of purchasers is financing. Banks won't lend very easily, credit is unusually tight right now. Once these institutions can get the bad debt off there books (and the fed is in a way helping by making a price when it loans against the securities) they can start lending more loosely again. Not like in 05' but maybe like they did before then bad credit got no loans but decent credit did.

      The underlying fact is the home I bought I paid about 10% then what it sold for in 2003 (5 years earlier). 2004 was when the run up got going and peak was in 2005. On just my example it seems to me that prices are falling to where they should be. And while a 10% decline could be in order due to the fact the market tends to overexert itself when moving a direction, to think price levels will fall below prices that were there before this whole thing started is going against the grain. And it was going against the norm that got us into this mess.       Mar 28 11:25 PM
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