Chickenpookie

Cramer's Stop Trading! The Correction Is Coming (9/24/09)

IP - Hey, I'll be watching this one closely Cramer, you'd better be buying the heck out of it after that pump we all witnessed! BTW, what was the PEG on that again? Come on pal, are you really serious?

And what the heck was it you said about NLY? Sounded like your tongue was tied...

If you want to be a clown then why not go all the way by dying your hair green and wearing a big red nose? Then nobody will have to wonder... Maybe this explains something deeper about the GE culture?

Canary in the Gold Mine

Was I wrong? Peter - Your timing was impeccable, please tell us more!


On Sep 13 05:00 PM Chickenpookie wrote:

> Gold - Hmm, thanks for buying mine Friday. Inflation - Sure, because
> there's just huge piles of money chasing consumer goods right now.
> There's nothing like the beauty of a perceived increase in future
> prices to get the consumer shopping again, just in time for Christmas?
>
>
> This thesis leaves out too many details Peter, and where was the
> interest in gold a few weeks ago? I remember hearing a lot about
> how gold was about to dive.
>
> I think we all need to do some more homework before jumping to conclusions,
> if it were so simple, gold would already be $5000/oz. I can envision
> several mechanisms that could be used for paying down interest on
> the federal deficit without inflating, but haven't heard any consideration
> of this subject from inflationista's. The FED must have a myriad
> of ways for reeling in inflation and will do so at the appropriate
> time.
>
> How many poor schlubs are going to be caught buying gold at prices
> which are too high for justification? Maybe once gold begins to
> outperform the S&P I'll think about buying it once again but
> right now I'm more concerned about an equities market sell off.
> That would hammer precious metals prices.

Canary in the Gold Mine

Gold - Hmm, thanks for buying mine Friday. Inflation - Sure, because there's just huge piles of money chasing consumer goods right now. There's nothing like the beauty of a perceived increase in future prices to get the consumer shopping again, just in time for Christmas?

This thesis leaves out too many details Peter, and where was the interest in gold a few weeks ago? I remember hearing a lot about how gold was about to dive.

I think we all need to do some more homework before jumping to conclusions, if it were so simple, gold would already be $5000/oz. I can envision several mechanisms that could be used for paying down interest on the federal deficit without inflating, but haven't heard any consideration of this subject from inflationista's. The FED must have a myriad of ways for reeling in inflation and will do so at the appropriate time.

How many poor schlubs are going to be caught buying gold at prices which are too high for justification? Maybe once gold begins to outperform the S&P I'll think about buying it once again but right now I'm more concerned about an equities market sell off. That would hammer precious metals prices.

Foreclosures: They're Not Just for Breakfast Anymore

Hey Denninger, will you please apologize or pay or do something with Matt Trivisonno so we can all look at his US Withholding Tax Charts that you "appropriated" as your own?

Thank yooooouuuu!!!

Gold Is Still the Opportunity of a Lifetime

The problem with gold is it removes capital from the market where it can do the economy the most good. Unfortunately, due to a pure lack of ethics and the fact there are so many issues involving the self interests of our Congress and big banking industry, it is not easy to find a place to park your wealth without incurring loss.

That said, I think it is a mistake to buy gold high and sell low, now isn't the time to buy, wait a month at least and you'll be more apt to catch the next cycle low. The $USD should begin to recover now that gold has once again bounced into $1k territory, and some equities downside from here would be my expectation as well.

FD: I'm short gold this morning from just above the $1K level.

Why Economists Messed Up

I sold my real estate as quickly as I could once I heard Bernanke say there was no housing bubble. I bought when nobody else could, just after the dot-gone bubble burst.

Now I'm looking for the next big bubble, maybe defense contractors? I figure this is about the only manufacturing industry remaining in the US, NAFTA and the "free" trade agreement with China have decimated nearly everything else. And I would've thought toys made for children by children to be safe... Go figure!

Shifting Currents in Global Trade: The Revival of De-Coupling?

The US needs to create more corporate incentive for exporting jobs and technology overseas as American products aren't, and won't be competitive in a global economy (except perhaps for the time being defense-specific related goods and services).

The US has been on a grand debt-fueled spending spree for a couple of decades now, isn't anyone amazed the $USD isn't already in the tank? Well, the great leverage machine has been exposed for the ponzi scheme that it really is and nobody in their right mind would trust it going forward. I think CHANGE will come much faster than Americans might be willing to imagine or accept.

Unless of course someone can briefly explain how a rate of wealth destruction in excess of rate of wealth creation leads to prosperity... Shuffling paper doesn't actually create real wealth, it only makes the void of default potential much larger. America's only hope at this point is to begin creating wealth by making products citizens of the global village might actually want to buy, not gray painted ships, planes, and personal attire.

Lost Cause - Day Late and a Dollar Short: Ask someone from Congress where we're headed, I'll bet you don't receive anything close to a clear and actionable response for they are still attempting to resuscitate the great leveraging machine.

Cheapest S&P 500 Stocks

Old Trader,
I find your logic quite respectable, thank you for your comments.

Colonial Bank Failure Highlights the Problem

Vote them out, no reps, no dems, no incumbents. We need to send a strong message to DC and the world - Independents only this time around, okay?

North American Companies Involved inThe Availability of The Heavy Rare Earth Metals And The Future of High-Tech Manufacturing

Where there's a will, there's a way. There's nothing unique about China that can't be overcome, think about what was accomplished at Oak Ridge, that's right in line with the train of thought here...

War? Nyet, not unless it's against America or some crazed dictatorship for some reason that I can't clearly justify and it's not a thesis for investment when the US gov is overextending the world's reserve currency.

It's the debt that counts, and no amount of war is going to change the fact, America needs a lower dollar to create the incentive to get off our duffs and actually create value-added products(wealth), so I like the thought of American manufacturing into the future.

Invest in something that people are going to need in the future, whatever that might be(energy, technology, and steel perhaps), I doubt it's going to be unobtanium used for making battle robots.

Cash for Clunkers Coming Soon to Your Kitchen and Laundry Room

Plasma big screens are energy efficient? How much more than LCD big screens and from where did you obtain your data?

Thanks,


On Aug 21 06:33 PM j-dub wrote:

> Don't forget about:
>
> "Rebates for rabbit ears"
>
> I have been writing congress for weeks about how Americans need more
> energy efficient plasma big screens and I am hoping that my ideas
> are made into reality.
> Thanks America!!!!
>
>

Oil as a Deflationary Investment

Let's just tax the piss out of the energy market and be done with it, right?

Energy Trends: Crude Oil, Products and the Refining Sector

Sounds like it's not time to buy into refiners yet, maybe not even for years....

More on Capital Ratios of U.S. Banks

bbro - Your comment is incomprehensible, I suggest you proofread your posts or try to do a better job of putting your thoughts into words. Sorry, it strikes me as gibberish.

Thanks,


On Aug 02 03:17 PM bbro wrote:

> This article is a joke....it takes one piece of data to point out
> a shortfall
> no discussion of loan loss reserves to total loans or pre provision
>
> earnings power which is basically income statement capital.....plus
>
> you add the big If which if the economy worsens...you might as well
>
> add if the economy gers better....

Has the Housing Market Hit Bottom?

As rents fall and property taxes increase, property owners will feel a squeeze and may be forced to unload, releasing additional inventory into the market.

I don't think we've seen a bottom for prices quite yet. I'm shopping but I'm not buying until I find exactly what I want, I can be patient in the selection process this time.

I blame Congress(for looking the other way and selling us NAFTA), Bernanke (for raising rates before converting ARMS to fixed), and Greenspan (for keeping rates too low for too long).