Seeking Alpha


Send Message
View as an RSS Feed
View DavyJ's Comments BY TICKER:
Latest  |  Highest rated
  • 1929 All Over Again? [View article]
    It seems to me that Rosenberg, and the others, may be about 20 days too early in trying to make a comparison, considering that the 100 day point where we are now was "the" top in the 1929/1930 rally.

    Waiting another 3 or 4 weeks won't make a significant difference to an investor. Not waiting could make a difference.

    Check back in 20 days.
    Aug 2, 2009. 06:32 PM | 4 Likes Like |Link to Comment
  • $33 Billion in Taxpayer Money Subsidized Wall Street Bonuses [View article]
    Just for the record, Goldman Sachs converted from an investment bank to a traditional bank in order to receive TARP funds. That hardly seems that they "were forced into it".

    It seems to me they saw the huge one time investment opportunity using taxpayer money and couldn't resist.

    On Jul 31 05:31 PM homogenik wrote:

    > You are right for the most part however goldman and jpm didnt need
    > the bailout but were forced into it. ...
    Aug 1, 2009. 12:29 PM | 3 Likes Like |Link to Comment
  • Are You Buying This Rally? [View article]
    What's the debate about? On July 20th, Goldman Sachs uped its year-end price target on the S&P 500 from 940 to 1060.

    It's a done deal.
    Jul 31, 2009. 03:52 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I especially liked "Saved just before CIT hit the fan" on Monday.

    On Jul 23 09:42 AM anon345 wrote:

    > Dear Grammar Nazi,
    > Due to the high quality work Rachael produces every day I feel confident
    > defending her that she knows the correct spelling and rather was
    > playing on the word 'shoe' since Zappos is a shoe retailer.
    > Great work as usual Rach
    Jul 23, 2009. 12:39 PM | 2 Likes Like |Link to Comment
  • If Americans Don't Want Another Stimulus, Why Are We Having One? [View article]
    It seems that we have been in one long uninterrupted stimulus when you consider the original Bush tax cuts and stimulus, the Federal Reserve low interest rate policy, the current stimulus and all the other government interventions to keep the party going.

    Nine years and counting. What good has it done?
    Jul 17, 2009. 12:06 PM | 2 Likes Like |Link to Comment
  • Final Spike in the Bear Market Rally? [View article]
    Could Meredith Whitney be this year's Elaine Garzarelli? Made a great call once and then tried to outdo herself.

    Just wondering.

    Jul 16, 2009. 08:00 PM | 1 Like Like |Link to Comment
  • Jobless Claims as Percent of Labor Force Fall for 3rd Month in a Row [View article]
    Considering that 467,000 jobs were lost in June, 618,000 initial claims seems reasonable. The difference, 151,000, would indicate that approximately 25 percent of those were able to find another job. Or some from June, some from May, etc.

    Also, remember that there is no direct correlation between new claims and continuing unemployment. New claims could theoretically drop to zero and unemployment wouldn't necessarily have to show any decrease.

    On Jul 06 03:07 AM Steven Hansen wrote:

    > with the unemployment rate expressed as a percentage of the workforce
    > at the second highest level since WW2, how do you square this with
    > the graph you posted.
    > we need to all realize that the data is no longer correlating and
    > it should be instinctive that an analyst would immediately recognize
    > when data is not giving you the correct answer.
    Jul 6, 2009. 10:10 AM | Likes Like |Link to Comment
  • Official Unemployment Numbers Understate the Problem [View article]
    Disregard my comment above. I see a decimal point where before I saw a comma.
    Jul 5, 2009. 12:26 PM | 2 Likes Like |Link to Comment
  • Official Unemployment Numbers Understate the Problem [View article]
    Re: "This (14.1 million jobs gained) is close to the expected number 15.2 million (95% of 15.974), but is still 1.1 million short."

    95% of 15,974 is 15,175, not 15,200,000, so strike that mystery (and the entire discussion in the paragraph).

    And although the statistics are interesting, and represents a lot of work on your part, there isn't anything surprising in your conclusions nor anything not well known. I apologize for being negative, but I did spend an inordinate amount of time digesting your analysis in addition to the above mentioned correction.
    Jul 4, 2009. 10:58 PM | 2 Likes Like |Link to Comment
  • Worst Housing Number in Decades: What Is the Wall Street Media Smoking? [View article]
    Seasonally adjusted, Lake Erie never freezes.
    Jun 17, 2009. 11:29 AM | 11 Likes Like |Link to Comment
  • Just Another Day of Bad Reporting [View article]
    "May Retail Sales rose 0.5% from April to $340B, but were down 9.6% vs. a year ago, in line with consensus estimates. April's sales were revised to -0.4% from -0.2%." - Wall Street Breakfast

    So without the -0.2% April revision, sales excluding gasoline would have been flat. How convenient.
    Jun 12, 2009. 11:23 AM | 1 Like Like |Link to Comment
  • The Case Against Raising the Capital Gains Tax Rate [View article]
    It brings to mind this quote:

    "If you don't want a problem with taxes, just ride the stock down. No problem with taxes then!!"
    - Bob Brinker
    May 27, 2009. 10:13 AM | 1 Like Like |Link to Comment
  • Monday's Closing Update [View article]
    Thanks guys, I'm following this now at:

    The same questions raised and discussed.

    May 12, 2009. 07:33 PM | Likes Like |Link to Comment
  • Monday's Closing Update [View article]
    Well, I don't know who gave me the thumbs down for my previous post and I guess it doesn't matter, but I really do want to know why this makes financial sense.

    Rather than concentrating on their core business which appears to be quite profitable, Microsoft now seems as if managing the huge stockpile of cash is coming to the forefront in some obscure way.

    And rather than increasing their dividend to shareholders currently at 2.7%, they will be paying interest to bondholders which I think most likely will be greater than 2.7%

    Intelligent replies appreciated.
    May 11, 2009. 10:43 PM | 1 Like Like |Link to Comment
  • Monday's Closing Update [View article]
    The insanity continues. Microsoft has $25 billion in cash and until they raised $2 billion last year they had 0 debt. Now they want to raise $3.75 in a bond offering?

    If they aren't making more in interest or dividends on the cash than the interest they will pay on the bonds, someone enlighten me as to how this makes sense.

    May 11, 2009. 09:00 PM | 3 Likes Like |Link to Comment