Wonder what was the ratio in the early 80's when the unemployment rate was worse and most families were still relying on single earners while unemployment benefits were less generous?
In my humble neigborhood, there was a family with a golf cart parked in their driveway. It had been there for years and have yet to see it moved. A great impulse buy but worthless in urban or suburban areas.
Barron's' 'Miller Time' Completely Misses the Math - and the Mark [View article]
Is he Jack Grubman in disguise?
On Oct 19 08:27 AM Bill Herbert wrote:
> Great article. Miller is a real joke, IMO, and has been for years, > but the shill machine on WS is a high-dollar operation, and he is > still considered by many to be a credible "money manager" who just > had a little bad luck recently, that's all. > > I truly wish the SEC would require fund companies to prominently > disclose the horrendous damage to wealth and stock portfolios that > people like Miller have caused, and also make them disclose the real > numbers on their performance over the years. Neither is the case > right now, so there is a lot of outright fraud in the way these "investment > results" are presented. > > And Barron's?? > > Please don't make me laugh. Barron's hasn't been worth reading for > years, and is getting progressively worse now that Rupert has taken > over. Unless you have a need for catbox liner, save your money.<br/> > > Same goes for Morningstar - basically a shill machine disguised as > a service to investors. Their stock picks are entirely random, and > as far as I know, haven't even matched the S&P for performance > - so it's less than useless.
Earnings Reports Threaten to Deflate Balloon Boy Dow [View article]
Not all assets, forget those related to housing sector: home builders, furnitures, appliances, mortgage banks, commercial REITs. Also, after ramping up more than 50% since Mar 9th, the highly anticipated correction is due any time, in nominal terms.
On Oct 19 09:00 AM Faisal Humayun wrote:
> There is no doubt that the analyst earnings estimates for the next > fiscal are way too optimistic...Thus, when Companies fall below these > optimistic numbers, there is bound to be some correction in the markets... > > > However, there is no concern of another big crash in the markets...At > least in the forseeable future...The reason - ample liquidity to > support almost all asset classes... > > Moreover, any weakness in the markets or the economy will be tackled > by more quantitative easing or stimulus packages (which means more > money to speculate in the markets)...So over long term, the Dow is > set to go higher in nominal terms...
High Frequency Trading and Its Victims [View article]
That's a long standing problem with stop-loss orders with volatile stocks. Happens to me all the time. What he should have done was to establish a low ball buys at 10%, 15% and 20% below his stop-loss limit order.
Yahoo! CEO Carol Bartz's Continued Share Dumps Reflect Poorly on Leadership [View article]
Her yahoo auto-sells stink, just like the "make-up grant" deal. The little guys are getting killed by those executives who treated the company treasury as their piggy bank.
If you put down $1 million in 1999 to buy S&P stocks and hold, you are much much much worst off than putting the $mil into real estate outside of Detroit. How's that a good thing?
Putting Job Losses Into Perspective [View article]
More than 80% of the workers are gamefully employed and doing the spending for the 20% underemployed. No end of the world as advertised by several Nobel Econ winners during this past Winter.
Mortgage Modifications Could Mean a 396% Marginal Tax Rate [View article]
Yep,
We all want something for nothing. Those under the program ought to be thankful that they are not homeless or socked with taxable event on forgiven loan balance.
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Latest | Highest ratedCisco: Becoming Too Big and Too Acquisitive for Its Own Good? [View article]
How Bad's the Job Market? This Bad [View article]
Technical Analysis: A Loser's Game? [View article]
Cash for Golf Carts [View article]
Barron's' 'Miller Time' Completely Misses the Math - and the Mark [View article]
On Oct 19 08:27 AM Bill Herbert wrote:
> Great article. Miller is a real joke, IMO, and has been for years,
> but the shill machine on WS is a high-dollar operation, and he is
> still considered by many to be a credible "money manager" who just
> had a little bad luck recently, that's all.
>
> I truly wish the SEC would require fund companies to prominently
> disclose the horrendous damage to wealth and stock portfolios that
> people like Miller have caused, and also make them disclose the real
> numbers on their performance over the years. Neither is the case
> right now, so there is a lot of outright fraud in the way these "investment
> results" are presented.
>
> And Barron's??
>
> Please don't make me laugh. Barron's hasn't been worth reading for
> years, and is getting progressively worse now that Rupert has taken
> over. Unless you have a need for catbox liner, save your money.<br/>
>
> Same goes for Morningstar - basically a shill machine disguised as
> a service to investors. Their stock picks are entirely random, and
> as far as I know, haven't even matched the S&P for performance
> - so it's less than useless.
Earnings Reports Threaten to Deflate Balloon Boy Dow [View article]
On Oct 19 09:00 AM Faisal Humayun wrote:
> There is no doubt that the analyst earnings estimates for the next
> fiscal are way too optimistic...Thus, when Companies fall below these
> optimistic numbers, there is bound to be some correction in the markets...
>
>
> However, there is no concern of another big crash in the markets...At
> least in the forseeable future...The reason - ample liquidity to
> support almost all asset classes...
>
> Moreover, any weakness in the markets or the economy will be tackled
> by more quantitative easing or stimulus packages (which means more
> money to speculate in the markets)...So over long term, the Dow is
> set to go higher in nominal terms...
The Little Book that Beats the Market: Chapters 1-7 [View article]
High Frequency Trading and Its Victims [View article]
Blackstone Successfully Plays Both Sides of the Market [View article]
LOL! it has really done well for the partners who cashed in near market high on the backs of all shareholders who bought in the LBO stories.
Yahoo! CEO Carol Bartz's Continued Share Dumps Reflect Poorly on Leadership [View article]
Buy and Hold Isn't Dead Yet [View article]
Putting Job Losses Into Perspective [View article]
Mortgage Modifications Could Mean a 396% Marginal Tax Rate [View article]
We all want something for nothing. Those under the program ought to be thankful that they are not homeless or socked with taxable event on forgiven loan balance.
U.S. Indices: YTD Stats, Current Moving Averages (September 25 Close) [View article]
sym 25-Sep <---> Peak(Oct-07) <---> Low(Mar-09) <---> YTD Change Pk=Vy IntraLows
dow 9665.19 <---> -31.76% <---> 49.39% <---> 10.13% -54.32% 6440
nas 2090.92 <---> -26.87% <---> 65.22% <---> 32.59% -55.74% 1266
spx 1044.39 <---> -33.27% <---> 56.63% <---> 15.66% -57.39% 667
Indicator Update for Sept. 28 [View article]