DavyJ

20 Comments

    • ON: Mon Oct 13th 14:19 PM
      Commented on:
      Why the Price Dividend Ratio Is Better Than the P/E Ratio
      Over the last 12 months, the Diamonds ETF (DIA) has paid dividends of $3.021. Today DIA is roughly $90 so that would make the ratio 29.8.

      View article »
    • ON: Sun Oct 12th 16:08 PM
      Commented on:
      Last Week Was Dow's Worst Ever
      Re: "First 1000+ point high/low swing in the DJIA's history."

      Acutually it was the first 1000+ point low/high swing in the DJIA's history.

      The low happened first.
      View article »
    • ON: Sun Sep 28th 21:10 PM
      Commented on:
      A Magic Multiplier?
      You make it seem so simple. Just like the tax cuts and stimulus package seven years ago would bring us to prosperity and actually increase government revenue.

      Now $4 TRILLION in deficits later, lets throw in another $700 billion. Somewhere this new math fails me.

      View article »
    • ON: Sun Sep 28th 20:53 PM
      Commented on:
      Wall Street Bailout: Making a Deal With the Devil
      Peter, though I agree with the overall gist of your article, you said: "Absent FDIC insurance, depositors would have considered risks as well as rewards, and the S & L crisis never would have happened in the first place!"

      So you believe that mom and pop and DavyJ can analyze a bank and make a reasonable decision as to whether it's a safe place to bank? Even A. M. Best didn't downgrade AIG until late last June.

      What do you propose next? Do we all have to evaluate all the drugs on the market and decide whether they are safe for us and our children? Sometimes we do need a central government.

      You might want to choose a better example in the future.
      View article »
    • ON: Fri Sep 26th 11:37 AM
      Commented on:
      Could the Uptick Rule Save the U.S. from Financial Terrorism?
      My understanding of the reason for eliminating the uptick rule was that it was impossible to enforce due to stocks being traded on multiple exchanges. A 100 share uptick at a fraction of a cent on a trade on the NASDAQ would allow a 10,000 share short trade on the NYSE. That would be within the rule but not within the spirit.

      Rather than trying to bring back the rule, a better solution would be to enforce the 3 day delivery with an iron fist. If a stock was sold short and not delivered on time, close the position to make delivery. No ifs, ands or buts.

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    • ON: Wed Sep 24th 22:09 PM
      Commented on:
      ROI, Paulson's Plan, and the Rise of Neo-Mercantilism
      The biggest question of all is "is the bailout really necessary?". The current situation is touted as the biggest crisis since the great depression. Treasury's Paulson and the Federal Reserve's Bernanke stressed the critical nature of an expedient rescue plan, with Paulson saying the bill needs to be passed this week. Yet so far, less than a dozen banks have failed out of the thousands in the U.S., and AIG, Bear Stearns, Lehman Brothers, Morgan Stanley, Fannie Mae and Freddie Mac had to through in the towel.

      All except Lehman have been taken care of.

      Show me some hard proof that the world's financial system is on the brink of collapse.

      Bernanke warned that failure to act could push the economy into a recession, and already-fragile markets could become even less stable. Aren't occasional recessions an expected part of capitalism to correct for excesses in the system?

      I think everyone should read axelrod608's first post on seekingalpha.com/artic...?

      Also worth reading is John Hussman's open letter to congress. www.hussmanfunds.com/w...

      View article »
    • ON: Sat Sep 20th 13:03 PM
      Commented on:
      Running the Numbers: A Five-Minute Valuation of Microsoft
      Thanks for the reply.
      View article »
    • ON: Fri Sep 19th 11:39 AM
      Commented on:
      Running the Numbers: A Five-Minute Valuation of Microsoft
      Is that a current valuation or a projected valuation for 2011?

      Since Microsoft has over $21 billion in cash, is the nominal post-tax weighted average cost of capital meaningful?


      View article »
    • ON: Wed Sep 3rd 13:23 PM
      Commented on:
      Gold Production and Reserves: Stage Two
      Re: "Gold would have to reach $2400 in order to achieve a real all time high."

      So if the CPI is at an all time high and gold is such a good price inflation hedge, why is it not keeping up with the CPI?

      View article »
    • ON: Wed Sep 3rd 13:14 PM
      Commented on:
      Gold Production and Reserves: Stage Two
      Re: "Paper money not backed by gold has and will always fail, as proven throughout history."

      For all practical purposes, the fiat U.S. Dollar has already failed. Down 95% in the last 50 to 100 years depending on whose figures you use. Even more recent if you use ShadowStat's numbers.

      Yet because it was gradual, we not only lived through it, but prospered through it.

      I assume this century will be much like the last, and the U.S. will not be like the Weimar Republic or Zimbabwe.

      View article »
    • ON: Mon Aug 18th 11:50 AM
      Commented on:
      The Disconnect Between Supply and Demand in Gold & Silver Markets
      You said: "But, let’s return to reality. Right now, virtually no North American precious metals dealer can give you a firm delivery date on large quantities of silver. They have no stock to sell. This means demand is robust."

      At the risk of suffering the wrath of the conspiracy theorists, a much simpler explanation might be:

      The precious metals dealers have so much inventory at costs far above the current prices that their spreads have vanished. So rather than take a loss on their inventory they say there is none in stock. In the meantime, they are still willing to buy at today's prices and will fill new orders with this new inventory as it becomes available.

      But what fun is it if there is no conspiracy?

      View article »
    • ON: Sun Aug 10th 19:14 PM
      Commented on:
      Long Term, Gold Is On Its Way Down
      You said: "I know that index funds have been unloading these positions, which explains why we have not bounced."

      Index funds?
      View article »
    • ON: Fri Jul 25th 11:58 AM
      Commented on:
      Impact of Candidates' Tax Plans on Deficit Worsens
      Does it make any difference?

      There is no intention to pay off the national debt ever. EVER!

      And there is no person or office responsible for paying off the debt.
      View article »
    • ON: Wed Jul 23rd 10:31 AM
      Commented on:
      Global Price Increases Offer Several Investing Solutions for Inflation
      Something I've always wondered about.

      If gold is an inflation hedge and it is currently well below its inflation adjusted high, doesn't that mean that gold is not a good inflation hedge?
      View article »
    • ON: Sun Jul 20th 22:43 PM
      Commented on:
      Gold's Finest Hour: How to Buy Now
      Yes, I'm puzzled to yuman.

      If gold is an inflation hedge and it is currently below it inflation adjusted high, doesn't that mean that gold is not a good inflation hedge?

      Something I've always wondered about.
      View article »
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