BobL

5 Comments

    • ON: Sat May 10th 13:43 PM
      Commented on:
      A Few Reasons to Buy Yen
      (What's even funnier, is seriously 3 people must be reading this. I'll go respect my "ban" now.)
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    • ON: Sat May 10th 13:40 PM
      Commented on:
      A Few Reasons to Buy Yen
      hilarious. Poisoning rabbits isn't cool. Getting internet bloggers all riled up, priceless. Seems like Mr. Berzon needs to get a thicker skin or a sense of humor. Also don't ask him to babysit your pets. I don't have anything to say about trading currencies. The stock market is up a lot recently though.
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    • ON: Thu May 8th 22:50 PM
      Commented on:
      A Few Reasons to Buy Yen
      Wow. I certainly touched a nerve. Well, Jake, I can certainly tell that you “enjoy healthy arguments and welcome folks pointing out inaccuracies, oversimplifications, poor assumptions and etc,” since you responded by asking me not to post here and making a wild paranoid accusation about my motivation in pointing out what I saw as weakness in your post in the first place.

      Your review there doesn’t really discredit anyone. To be honest, I didn’t read it. Too long. Too ranty. Phew! But I did read some of the comments. Yep! You sure seem like a guy open to debate, since it seemed like every person who disagreed with you, you responded to with the same irrational and emotional response I got. (I did read some of your posts about ordering poison to kill rabbits. Bizarre, sir. Bizarre. But to each his own.)

      I can certainly tell you are not a money manager. I am not accusing you of being a professional, don’t worry. And maybe you are a “net seller” of stocks, but you certainly keep writing here about stocks. I can understand why you want to pretend you didn’t recommend GE in February (that blew up on you) right here. That’s a cute trick though. Sometimes I use it on my kids. “That’s not broccoli. That’s cookies!” It doesn’t work with them either. I always tell them honesty’s the best policy.

      You recommended JP Morgan, Cigna, Brady Corp, Pentair and a whole bunch of others since January. Those sound like stocks to me! I’m not misrepresenting your words. I’m just looking at what you’ve written lately. Don't be embarrassed Jake. There’s no shame in it. I happen to think stocks should do well this year too, and we just went through a correction. But if you want us to believe what you’re saying today and you are a “net seller” in stocks, then you’ve missed a big move up since mid-March. That’s too bad!

      I don’t understand why the need for the blustering and obfuscation. I was just pointing out that if you think stocks will rise, you probably don’t want to buy yen. But, as you very clearly point out, today you are a “net seller.” Fair enough! I think that will blow up on you, and that’s my opinion. (Other people are allowed to have opinions, you see. That’s how it works.) But later you’ll probably just point to your posts where you recommended stocks and say “See I was recommending stocks.” You can’t lose! Good job. I suppose it doesn’t matter since probably only about three people read this page.

      So, I have no quarrel with you, friend. Though, judging from you past behavior, you’ll probably write back and accuse me of causing the cyclone in Burma and being in cahoots with Ben Bernanke.
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    • ON: Mon May 5th 22:06 PM
      Commented on:
      A Few Reasons to Buy Yen
      I find this post weird for a number of reasons

      First, it assumes that the dollar will keep weakening because it has been weakening. That’s not very helpful. You know what they say about “past performance not being indicative of future results.” Currencies are a zero-sum game and a short-timers game. That’s fine if you know what you’re doing but it doesn’t look like you’re a long time currency trader. If you don’t know what you’re doing, it’s a coin flip. And a short term one. Coin flips make bad investments.

      Inflation has nothing to do with currency strength. You can have strong inflation and a weak currency and vice versa. There is some tie to central bank rates but even if Japan experiences some inflation doesn’t mean the BOJ is going to jack up rates. And even if they do, they have a long long long (long long long long) way to go.

      And how long have you been tracking the yen? Its exchange with the euro is correlating tightly with stocks. Unless you think stocks are going to fall a whole bunch this year, it doesn’t make sense to think the yen is going to get much stronger. I’ve been following the yen exchange since Ken Fisher covered it in his Forbes column. (You can read it here www.forbes.com/free_fo...). It's pretty remarkable how srong the relationship has been over the last 18 months. The relationship fell apart a little bit just recently, but its still pretty strong. And if it comes back, this is going to work out badly for you. Or maybe you think stocks will tank this year, but that can’t be it because you keep recommending stocks. I recommend you take a look at the yen-euro exchange and how it relates to world stocks.
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    • ON: Sun Apr 20th 15:47 PM
      Commented on:
      GE: Nuclear Growth Galore
      Agreed! $90 billion for a nuke plant is a laugh riot! What else in this analysis is total fiction? And how big is NBC relative to GE? Come on! Just silly.
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