Wall Street Breakfast: Must-Know News [View article]
If there was a false rumor, by individuals on their own or someone working in a "fund" about the stress tests for the purpose of driving down the stocks they should be found out ,prosecuted, and never to be able to trade in stocks, securities, currency or commodoties again.
Wall Street Breakfast: Must-Know News [View article]
The only way our tax money should be given to Chrysler for completing a merger with Fiat is if the Italian government matches the bail out money we are giving them.
These "mega banks" like Citi and Bank America need to be up front with people and not paint a picture that isn't.
When they said "we are making a profit" in Jan and Feb, from what I've read, they didn't tell the rest of the story nor did it change their situation with the mortage paper problems. They are just hoping for a accounting change which really doesn't put them in any better position and it would allow them to continue business as usual.
Personally, I believe people should switch to their local Credit Unions and home town banks that operate within their own state.
Bail outs should never have been started. These financial institutions and soon the auto industry will be "slaves" to the federal government and our government to foreign governments who hold the notes on these loans.
Our Congress can't run itself and now is going to put stipulations on all those who begged for this money . If this isn't a leap to Socialism, then what is.
The best thing thosse that took the money can do is get their house in order and pay it back to get the feds off their back and hopefully have learned how to run a business.
You hear on the news that most of us are against these bail outs. If it is true then we should see it in the results of the next couple of elections when the majority of the Democracts will be retired.
You are correct. These bail outs sends the wrong message which is if you're big enough, we won't let you die and no other need apply to take their place which will eventually put us as a third rate power.
The car makers need to make it on their own, if they can't someone will replace them.
Same with the financials. What is disturbing now is everyone wants to buy a bank to qualify for the money and another angle coming is after they get the money and decide to put themselves up for sale, the 25 billion or so will go with the sale which also could be a company in another country.
If a institution takes the bail out money, then puts itself on the "for sale" list the bail out money should go back to the treasury, whether it is a domestic or foreign company that buys them.
Anyone that can buy out a Citi Bank, Wachovia, etc. shouldn't need any federal dollars. Any that can afford to buy a bank to qualify for the bail out money shouldn't need or get it either.
You can thank Rep. Barney Frank for almost single handedly in bankrupting Fanny and Freddie by pushing high risk loans to people who wouldn't normally quailify for a mortage. Now we're suppose ot expect him, Reid and Pelosi to straighten the mess out. What a joke.
Congress needs to get off of the seniority system in giving out committee and leadership assignments and award these positions to people that know what they're doing.
Who's Cashing In on All Those Clunkers? [View article]
The Feds are over their eyeballs in red ink and now they want the public to do the same by getting in debt more, instead of living within their means. We got in this mess due to everyone wanting to "keep up with the Jones's, new house, two new cars and never thinking how to pay for it.
I have a 04 Crown Vic.gas milage in town 19/20 & on the interstate 26. Car is in very good mechanical shape and NO PAYMENTS. I use 16 gal gas a week. What is the incentive to trade in and pay out 400 - 600 a month in car payments. Gas can go to 4.00 - 5.00 a gallon and I'de still make out better than people getting in debt for hybrids for 30 to 45K and if they don't drive these vehicles right, gas milage still wont' be that great.
The Inflation / Deflation Debate and China's Commodity Carry Trade [View article]
Every company on the planet cannot think they can put all their "eggs" in the China "basket". These companies need to hire true salesmen not "order takers" which is what they were in a robust economy and now forgot the art of selling. Having the majority of your profit potential tied up with one or two customers spells doom when there is a major pull back as last year and then this cycle starts all over again. China plans for success in periods of "centuries" , we look at it from quarter to quarter. Given time with that game plan, China will have it all eventually.
These shipping companies keep thinking "China" is the answer to all their problems.
They need to start thinking "out of the box" and come up with alternative avenues for revenue or their stock will continue to head towards "penny" stocks, which DRYS and Star Bulk Carriers is heading.
Short Sale Ban: Learning From Mistakes [View article]
Jeff Miller and Cox are wrong. "Short selling" serves no purpose but to keep the targeted stock from rising. Hedge funds and high rollers use the practice to keep the market in turmoil.
Middle class workers who save through their 401K's and others with IRA's feel the effects the most.
Also margin trading should be changed to require at least 50.% cash instead of the 10.% .
Apparently Bernanke and Paulson failed to give markets much reason for optimism, in what turns out to be a dreary first trading day of December. Dow -7.71% to 8,148.37. S&P -8.93% to 816.20. Nasdaq -8.95% to 1,398.07. [View news story]
These comments by Paulson and Bernenke seem to be by design. All they are doing is signaling to their buddies in the financial arena, with their billions of $$ and our tax money, to start "shorting" the stock. It never seems to fail that they start this after a good run up on the market, just to bring it back down.
If they feel they need to open their mouths, choose the words carefully and do it after the markets close.
Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor? [View article]
The U.S. auto industry dug its own grave. Management had no vision for the future and spent money on excesses all the while they were loosing money. The unions did likewise. They got greedy and wanted more and more for doing less per worker.
No company, auto or otherwise should be handed money without certain stipulations as the CEO, CFO and executive board as well as the BOA should be replaced or why have the same people that created the problem get another chance to do the same. Union contracts should be amended for the survival of the corporation as without it there won't be any jobs anyway.
Cell Phone Industry Gets 'Framed' by NYT [View article]
It's like the saying " guns don't kill people, people kill people". Same with the cellphones. It's the stujpidity of the people that text or get engrossed talking on their cellphones while driving that create the hazardous situations, not the cellphones. Go after the people not the companies. Last few weeks I saw a driver texting while going thru a Wallmart parking lot at the crosswalks, not paying attention to anything but what was in his lap. Another guy at a red light talking away on his phone, didn't notice the light change for 30 seconds until everyone started honking their horns. It's the people, not the phones. If I had the opportunity, in both instances, I'de just as soon pulled these guys out of their cars and busted their chops. They're just ignorent. I have never met a "stupid" phone, though.
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Latest comments | Highest ratedHow to Profit from Market Manipulation [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
How Was March a Bad Month? [View article]
When they said "we are making a profit" in Jan and Feb, from what I've read, they didn't tell the rest of the story nor did it change their situation with the mortage paper problems. They are just hoping for a accounting change which really doesn't put them in any better position and it would allow them to continue business as usual.
Personally, I believe people should switch to their local Credit Unions and home town banks that operate within their own state.
Why Bailouts Are Not the Answer [View article]
Our Congress can't run itself and now is going to put stipulations on all those who begged for this money . If this isn't a leap to Socialism, then what is.
The best thing thosse that took the money can do is get their house in order and pay it back to get the feds off their back and hopefully have learned how to run a business.
You hear on the news that most of us are against these bail outs. If it is true then we should see it in the results of the next couple of elections when the majority of the Democracts will be retired.
Bail Out Capitalism, Not Detroit [View article]
The car makers need to make it on their own, if they can't someone will replace them.
Same with the financials. What is disturbing now is everyone wants to buy a bank to qualify for the money and another angle coming is after they get the money and decide to put themselves up for sale, the 25 billion or so will go with the sale which also could be a company in another country.
If a institution takes the bail out money, then puts itself on the "for sale" list the bail out money should go back to the treasury, whether it is a domestic or foreign company that buys them.
Anyone that can buy out a Citi Bank, Wachovia, etc. shouldn't need any federal dollars. Any that can afford to buy a bank to qualify for the bail out money shouldn't need or get it either.
Freddie Mac First to the Trough [View article]
Congress needs to get off of the seniority system in giving out committee and leadership assignments and award these positions to people that know what they're doing.
Who's Cashing In on All Those Clunkers? [View article]
I have a 04 Crown Vic.gas milage in town 19/20 & on the interstate 26.
Car is in very good mechanical shape and NO PAYMENTS. I use 16 gal gas a week. What is the incentive to trade in and pay out 400 - 600 a month in car payments. Gas can go to 4.00 - 5.00 a gallon and I'de still make out better than people getting in debt for hybrids for 30 to 45K and if they don't drive these vehicles right, gas milage still wont' be that great.
The Inflation / Deflation Debate and China's Commodity Carry Trade [View article]
Nail-Biting in Shipping [View article]
They need to start thinking "out of the box" and come up with alternative avenues for revenue or their stock will continue to head towards "penny" stocks, which DRYS and Star Bulk Carriers is heading.
Short Sale Ban: Learning From Mistakes [View article]
Middle class workers who save through their 401K's and others with IRA's feel the effects the most.
Also margin trading should be changed to require at least 50.% cash instead of the 10.% .
Apparently Bernanke and Paulson failed to give markets much reason for optimism, in what turns out to be a dreary first trading day of December. Dow -7.71% to 8,148.37. S&P -8.93% to 816.20. Nasdaq -8.95% to 1,398.07. [View news story]
If they feel they need to open their mouths, choose the words carefully and do it after the markets close.
Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor? [View article]
No company, auto or otherwise should be handed money without certain stipulations as the CEO, CFO and executive board as well as the BOA should be replaced or why have the same people that created the problem get another chance to do the same. Union contracts should be amended for the survival of the corporation as without it there won't be any jobs anyway.
Cell Phone Industry Gets 'Framed' by NYT [View article]
Wednesday Options Recap [View article]