TBill

Why Central Securities Corporation Looks Attractive

Agree, CET doesn't deserve to be trading at that steep discount. Well managed, conservative fund.

Wall Street Breakfast: Must-Know News

If they extend the home buyer's credit to all of us, I'll buy your home and you buy mine!

Wall Street Breakfast: Must-Know News

The problem is the CEO's for the most part write their own pay checks. In the old days where fat cats controled big blocks of stock, they would put a brake on it. These days, only their nerve limits their pay. Hey, what would you pay yourself if you could get away with it?

Natural Gas: Worst Investment Ever?

> I think there will be more opportunities in NG this winter. Even
> with the oversupply I think NG will tighten. It is already starting
> to be a bad winter, with furnaces kicking on in early October in
> most of the midwest.

We blame global warming.... er, 'climate change'.

Wall Street Breakfast: Must-Know News

Couple of days ago the rumor was CIT was being merged, stock leaps skyward. Then talk of bankruptcy. Hmm, does this look like clasic manipulation to you? Wonder how many insiders were able to get top $ for their shares on the runup...?

A Shortage of Bullets Presents Investment Opportunities

Bullets??? [Wince!] Stick to ammo or learn correct terminology.

Olin is far from a pure play.

I see ammo is becoming available again, tho high priced. Still not shooting my 380. At 80 cents a round, can't afford it. Instead, shooting my 45 at 50 cents. At least I now can find it.

UNG: The Best Way to Invest in Natural Gas

Methinks you need to do a whole lot more thinking about this...

Wall Street Breakfast: Must-Know News

Are ANY tires made in the US anymore?

Social Security Trust Fund Shocker: $6 Billion August Deficit

Actually, the problem is not with SS. It's the Federal government that is broke.

Those 'SS will be broke by...' estimates vary widely year by year. Truth is no one knows what the economy and demographics will be that far out. And when it does run out, with no changes, benefits would have to be cut by only 25%. Not pleasant, but not a disaster.

The problem is that the Feds have been using the vast SS surplus that we have been running for decades to cushion the overall deficit. Now we are entering the drawdown phase, and since SS has not been a separate account since LBJ, the deficit is increased just when we got a president with big, costly ideas.

Back in the '80's I told my students that if they had nothing else, they would get their SS. Otherwise, don't count on it. Given the politics of the day, look for a call for well off retiries to take a hit 'for the greater good'.

UNG Trading 101

Like what? CHK? DVN?
I've avoided UNG because it was obvious it would be eaten alive by contango... Nat Gas had to rise MORE than expected for it to show a profit.
Strange, I'm sitting on top of the Barnett Shale, and I see the rigs are still drilling, even tho they've tapped into more supply than we can go thru in a decade.



On Sep 05 09:27 AM Dukk wrote:

> Why pay a premium for UNG? There are way better ng plays out there...

Marijuana, LSD, Cocaine Now Legal in Mexico. Will the Economy Benefit?

Acutally, it's 3 strikes and you go to counseling. Whether that involves a rubber hose or not, I don't know.

TBill
***


On Aug 30 08:31 PM TinyTim wrote:

> Before everyone rushes off to Juarez and Tijuana to get high, the
> actual Mexican law change eliminates jail time for possession. You
> still get a record and have to go through "counseling". I believe
> after three strikes, you do end up in jail.

Wall Street Breakfast: Must-Know News

On Aug 27 08:28 AM ScroogeMcduck wrote:

> There were less taxes with King George.

If Great Britain would let us have the old Hong Kong government, I say we give ourselves back!

One Good Thing About Estimated Current Housing Values: Reality

All real estate is local. I haven't seen the figures to see WHERE housing prices are improving, but I think it is at the low end. From what I can see, high end housing, especially away from the foreclosure implosions, owners are clinging to their asking prices. This results in lots of inventory for sale, and low sales volume. I would expect the high end to crack at some point, while at the same time the low end trends higher.

New Cars More Affordable than Ever Before in U.S. History

Cars more affordable than ever? NONSENSE! In the fifties the average guy could buy 5 cars a year with his income. In the sixties you could be a good car for $2000, cheapies for far less. That about 25% of income, 12 weeks!

That's the problem with you young guys, not thinking outside your own experience.

Zillow's Prediction for 'Underwater' Homeowners

Your houses will sell, but maybe not at the price you'd like.

Too bad you are not in Vegas or Phoenix. House lists, bidder fall all over themselves with multiple offers. Typically go for 10% over list, sometimes much more. They are down to a 3 month supply.

It's all a matter of discovering price.