50 Comments

    • ON: Sun Oct 12th 10:56 AM
      Commented on:
      The Difference Between 1993 and 2009
      BlueOkie - you raise a good question "What will all the government employees do?", but the better question is "If we don't hack government spending dramatically, how can those of us in the private sector possibly continue to carry the weight of government piggies, er, employees on our backs."

      The Bush administration re-introduced the era of Big Government, more specifically, Big, Inefficient, Ineffective, and Bloated Government. We don't need more spending, we need better deployment of smaller spending. We don't need more regulations, we need actual enforcement of existing regulations (hint to Hank Paulson, Christopher Cox, Barney Franks, and Chris Dodd).

      T. Boone Pickens is fond of talking about the shift of wealth from the US to the oil producing countries. We need another T. Boone Pickens to talk about the shift of wealth from the wealth-producing sectors (manufacturing, distribution, mining, forestry, etc.) to the wealth-consuming sectors (government, education, non-profits, etc.).

      The past week shows it dramatically. The piggies' retirements from defined benefit (pension) plans are guaranteed. Heck, they get pushed to the taxpayers if necessary. The rest of us fund our own plans through 401k's, and those haven't faired very well for the past decade, especially the last year.

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    • ON: Sun Oct 12th 10:44 AM
      Commented on:
      Clear and Concise: Decoding The Meltdown
      Nice job, Jonathan, in spewing the DNC talking points. Of course bankers were greedy.....they've been greedy since, well, forever. Greed in banking has been a constant through time. Pick up a Bible or some other book from Greek or Roman empire times. Welcome the real world young man.

      The problem is that the politicians and regulators put in place to govern against the excesses of banker greed were asleep at the switch or, worse yet, in cahoots with the bankers.

      We're suffering from an evil deal in force between the Dem's and Rep's since 2003. Since then, the Dem's have agreed to look the other way on Iraq; in return, the Rep's have agreed to look the other way on programs invented to pander to Dem constituents.....Commu... Reinvestment Act, Departments of HUD and Education, etc.

      Both parties are complicit, and anyone that votes for a single incumbent is a fool.



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    • ON: Sun Oct 12th 10:19 AM
      Commented on:
      Buffett and Cramer Agree: It's Time to Buy Stocks
      At Dow 8500, we're back on the long-term trend line of 6-7% growth, right where we'd be if not for the stock bubble that began in the mid-90s. The probabilities of further stock market growth were dependent solely on multiple expansion, and those probabilities were growing smaller and smaller. Now it's a coin flip. Short-term, my guess (and I freely admit it's a guess) is that we'll stay below the short-term trend line. Maybe a year, two, or more. But, below Dow 8,500, US equity investors will be rewarded over the next decade.
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    • ON: Sat Oct 11th 10:19 AM
      Commented on:
      Quitting the Hedge Fund Game - Mark Sellers
      Right on, roger maxims. The moneychangers and corrupt civil servants in the Repblicrat Party got their seats in the game of musical financial chairs.

      If we aren't there yet, anger will turn into apathy and indifference. Then and only then will we have a bottom, but we need WAY more blood returned from the bloodsuckers like Sellers.

      As for the corrupt civil servants, anyone that votes for a single incumbent is a fool and deserves whatever comes to them.
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    • ON: Sat Oct 11th 08:32 AM
      Commented on:
      Today Might Have Market the Bottom or Top of ... Something
      Nice article until your last phrase "in some Mad Max distopian future." You're joining the chorus of end-of-world singers that signals we're close to a bottom. Dow 8,500 puts it right back on the long-term trend line. Since we're back on the long-term trend line, it's fair to assume that we've got a 50/50 chance of being higher a year from now.

      Ford, GM, and Chrysler have too much capacity (due to emergence of transplants) and the market left alone will sort that out, not without pain, but it won't kill the nation.



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    • ON: Sat Oct 11th 08:25 AM
      Commented on:
      On a Return to Normalcy: Dow 8,500
      Thanks for the rational article. I wish I had listened to you, John Bogle, and Peter Schiff more, but at 43, I've been invested fairly conservatively for someone my age (50% equities - still a big ouch!).

      Who knows if this is a short-term bottom. For me, I've got 20 years left until I'm eligible for SSI, and I figure this could now be the best time to buy equities in my lifetime. I made the mistake on the way up once, but don't want to make that same mistake again. 20 years of 6.6% returns plus dividends should give me a nice retirement; and I do think overseas equities will return more than 6.6% in dollar terms.
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    • ON: Fri Oct 10th 19:43 PM
      Commented on:
      Where We Go from Here: Best and Worst Cases
      Mr. Hui - best, most mature, and most realistic assessment I've read on SA. Thanks.
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    • ON: Fri Oct 10th 19:29 PM
      Commented on:
      This Isn't a Bottom, It's a Disturbance in The Force
      Distressed Volatility is right (and is probably in line somewhat with maybe even Peter Schiff, but he's much better at speaking for himself than I am). Helicopter Ben has been creating money out of thin air and pumping into the system. It's not moving because of the constipation in the banking system, but eventually all those dollars will need to find a home, and it won't be under mattresses. Deflation for now and maybe a year or two, but after that, look out. Massive bubbles everywhere. Commodities, equities, etc. The Dow will probably reach 20,000 (in debased dollar terms), but none of us will feel wealthier because milk will be $20.00 gallon.
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    • ON: Wed Oct 8th 14:21 PM
      Commented on:
      Global Coordinated Rate Cut: Nice Try, but the Party Is Over
      No doubt that the credit crunch and global slow-down are behind the nose-dive in stocks, but I'm surprised no one is commenting on the Obama-Effect. As Obama stretches his lead and a Dem sweep has become more and more likely, the stock market has swooned.

      Say what you want, but Obama is no Bill Clinton, especially not with a Dem Congress. We're heading toward a Chavez/Ayres/Alinsky style of anti-business socialism, and traders and investors want out.
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    • ON: Mon Oct 6th 18:25 PM
      Commented on:
      SAP: Credit Crunch Hurting IT Financing
      SAP - "Stops All Progress". Biggest hoax perpetuated on the public since the pet rock. Boon for former Big-8 consultants and integrators, bust for customers.
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    • ON: Sun Oct 5th 10:20 AM
      Commented on:
      America's Real Wealth
      Philly Jim - fair points. Are you going to vote for any incumbents at the federal level? Anyone that votes for an incumbent in the Senate or House is perpetuating the lack of accountability culture. By the way, I think the lack of accountability culture was introduced by the Clinton administration; it was expanded and mastered and taken to new heights (or lows) by the Bush administration.
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    • ON: Sun Oct 5th 10:11 AM
      Commented on:
      Fannie and Freddie Did Not Cause This Crisis
      Cybercorrespondent is correct. Amazingly enough, it's clear that the sheeple are going to elect the man of the two party nominees that can be DIRECTLY tied to financial crisis. Obama and his gestapo of community organizers led by Franklin Raines are going to take over the executive branch.

      The media has shamed McCain into running a Dole-style, gentlemanly campaign, referring to Obama as "Senator Obama" and completely failing to link Obama to the Black Liberation movement, reparations for slavery, and the Community Reinvestment Act.

      McCain has run the least inspiring, least gutsy campaign since 1996, and he's going to lose and electoral landslide.
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    • ON: Sat Oct 4th 09:45 AM
      Commented on:
      So Much for the Bailout
      Wow! A bumpy ride in the stock market during uncertain economic times? With insight like that, SA should be charging for subscriptions.
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    • ON: Fri Oct 3rd 13:29 PM
      Commented on:
      Sell Signal of the Day, Greenspan Edition
      $700B from the taxpayers seems like an awfully expensive lesson for the market to "get a handle on CDOs."
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    • ON: Fri Oct 3rd 12:57 PM
      Commented on:
      The Glass Is Half Full
      you remember 911,the first world trade center attack,the uss cole,the marines murdered back in 1983.that is the real threat!

      BUSH&COMPANY ARE PROTECTING US!!!


      This USAF veteran wants to know what role Iraq had in any of the threats you cite above. And we're shelling out $10B per month rebuilding Iraq instead of rebuilding the US.

      Every empire has fallen because it got over-extended. We're at risk of the same, if we're not already there.

      Bush is like a kid with an unlimited allowance. He has no clue about the value of a dollar nor the value of his expenditures. His father may not have known what a gallon of milk costs, but that was a minor problem compared with the billions here and the billions there that W has spent..

      I've never regretted a vote more than my vote for W in 2004.
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