jackshack

An Open Letter to Bill Miller

That is why mutual funds are terrible. People treat even Bill Miller as more than a man. Overtime everyone succumbs to the law of averages. Warren Buffett will be no different. You cannot be scared to move to cash. I love how everyone thinks this banking thing is over. What happens when house prices continue to fall? 10%, 20%, 30%? What happens when all these lay-offs hit? What happens when consumers stop buying all this crap? Even if we get a short recovery here, things have to get worst. The government is growing the money supply in double digits. That will not stop especially after this mortgage bailout. More regulation, more capital requirements, more defaults, more bankruptcies, more bank runs. Its coming...

Is There an Oil Crisis Looming?

Great comment on SQM, I have been following and long for some time. The stock is on a tear to say the least about a 5 year tear, but they haven't even hit their sweet spot yet with lithium. Chevy just pushed the Volt back to 2011 for commercial production which is lame, but companies like A123 press on. Tesla is dominating, I wish they would go public and really press Detroit to step up. Tata motors is close and Phoenix Motors is having problems as well. I have been following ALTI for another lithium battery play.

All in all SQM is a monster and even though it has gone vertical after Cramer's coverage you have to think it goes higher over the next 3-5 years as lithium ion batteries will be in cars, laptops, cellphones, mp3's, handheld video games and are now even being tested as backup batteries for buildings and the electrical grid.

SQM does 75% of the world's lithium roughly which ranks up there with INTC and MSFT in terms of global market share. I agree you really need to read their 10K to truly appreciate their breadth.

NYMEX Shareholder Uproar Over CME's 'Lowball' Offer

This guy looks like Ryan from the office with a more immature beard. Good story though. Far from the cries of the rumored $150 a share.