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  • Wall Street Doesn't Understand Bitcoin Yet, But It Will  [View article]

    When I posted that comment, I thought all would understand the irony. In retrospect I should have ended with a :).
    Nov 27, 2013. 07:25 PM | 1 Like Like |Link to Comment
  • Wall Street Doesn't Understand Bitcoin Yet, But It Will  [View article]
    For those who believe, no explanation is necessary. For those who do not believe, no explanation is possible.
    Nov 26, 2013. 10:04 PM | 2 Likes Like |Link to Comment
  • Google roundup: Glass, Calico, NSA, Android/ARM  [View news story]
    Moving the servers off-shore would make them fair game for NSA, wouldn't it?
    Nov 24, 2013. 09:08 PM | Likes Like |Link to Comment
  • Dow Tweaks Industrial Average Roster, 3 High-Profile Names Gone  [View article]
    And how do you weight your portfolio?
    Sep 10, 2013. 09:56 PM | Likes Like |Link to Comment
  • What's Driving The Dow Lower?  [View article]
    Well you could start with http://bit.ly/16SSLzw

    But what does that mean?

    In the end the only thing that counts is if your investment results meet your needs. Comparing your results with some other choices is only Monday morning quarterbacking and a "would've could've should've" comparison that may make you feel you aren't performing as well as you could.

    Focus on your needs and your results. If you're meeting them, then you are ahead of the game.
    Aug 22, 2013. 09:05 PM | 4 Likes Like |Link to Comment
  • The Most Dangerous Assumption About Stocks And GDP  [View article]

    And look at the period from 1968 to 1982. Fourteen years of growing GDP and a volatile but stagnant stock market.

    I'd say that 14 years is a reasonably long time to prove that the inverse is also true.
    Aug 12, 2013. 11:23 AM | 3 Likes Like |Link to Comment
  • Bear Of The Day: Caterpillar  [View article]
    Re: "This suggests that analysts are in nearly complete agreement regarding the company's bearish outlook for both the near term and the longer term."

    No, this suggests that analysts don't do analysis but rely on headlines and then follow the crowd. Gee, I could do that too.
    Jul 29, 2013. 08:56 PM | Likes Like |Link to Comment
  • Gold may be going down on paper, but the physical market is still in high demand. Just ask Rick Harrison, co-owner of the Gold & Silver Pawn Shop and a co-star of the reality series "Pawn Stars." "I'm having a real difficult time right now getting physical metal," Harrison says. "It's the crazy world of gold and silver: Sometimes the paper market is going down but you can't find actual physical items."  [View news story]
    I recall reading that the U.S. mint only uses gold and silver that is certified of U.S. origin.

    I'm not a gold bug but if I were, I would certainly want to know as that would undoubtedly affect the value of U.S. coins in the future.

    How's the price of foreign coins?
    Jun 28, 2013. 09:02 PM | Likes Like |Link to Comment
  • How The Fed Directly Subsidizes Corporate Profits And Why The Game Is Over  [View article]
    In 2011, Walmart had $446.95 billion in revenues.

    In 2011, SNAP expenditures were $78 billion.

    That's not even 18% of Walmart's revenues. And not all food stamps are spent at Walmart.


    Exaggerate a little here, a little there, and soon you have some big number. Repeat it often enough, and soon the people will believe it.
    May 24, 2013. 09:39 AM | 1 Like Like |Link to Comment
  • High Frequency Trading: Harmful Or Helpful?  [View article]
    Well I have personally profited from HFT. Since I only use limit orders placed in round number of cents, the few times I bought at a fraction of a cent lower than I anticipated, or sold at a fraction of a cent higher I was pleasantly surprised. All told over the years, I believe I'm up almost a penny but it's not worth my time to do the actual calculations.

    And of course, there are the times when I bought more than a fraction of a cent lower and vice versa when selling.
    May 22, 2013. 09:06 PM | Likes Like |Link to Comment
  • The European investigation (I, II) into oil benchmark pricing raises rarely voiced questions about the appropriate way to set prices. FT notes that Platts' reporters cover 400+ wholesale energy prices everyday and the information available to them is limited to what commodities houses and Big Oil are willing to disclose. The process is complicated by the fact that myriad factors ranging from small discrepancies in quality to the type of hull on transport tankers, make the process inherently subjective. Nevertheless, the ordeal looks quite a bit like the Libor and ISDAFIX probes: a benchmark to which trillions of dollars of assets are tied is determined by key players away from the public eye.  [View news story]
    For an excellent article on oil pricing, see this one by Kyle Spencer on November 2, 2012.

    May 18, 2013. 07:11 PM | Likes Like |Link to Comment
  • Romanian Teenager Wins Big for Low-Cost, Self-Driving Car Innovation 
    No Browns, Joneses, or Smiths to be seen.
    May 17, 2013. 07:19 PM | Likes Like
  • Will The Sleeping Hare Win?  [View article]
    Put the blame on Microsoft. The only reason I haven't updated my desktop computer from XP is because I have several DOS programs that I dearly love and use each and every every day that won't run on Windows 7 or 8 without a software addition/upgrade to W7 or W8 which is more expensive than the original program's cost.

    So in the meantime, I use my laptop for all the routine light work, and my desktop for the DOS programs and activities that are better suited for a large screen and full size keyboard. And the XP desktop works as an adequate server.

    Could I live without the DOS programs? Of course. Would I spend money to lose their functionality? Not a chance. Sorry Microsoft.

    May 15, 2013. 08:53 PM | 2 Likes Like |Link to Comment
  • The Real Experiment That Is Being Carried Out In Japan  [View article]
    One thing that continues to escape me is that no one ever mentions how the general population if Japan is faring after more than 20 years of deflation.

    We constantly hear of the high rate of unemployment in southern Europe, the deficits there, this crisis, that crisis, and how the people are suffering, the list goes on.

    But Japan? GDP not growing, or at least not growing up to economist's expectations, is such a horror. The evils of deflation abound and nothing seems to work!

    So someone tell me. How are the Japanese people coping after twenty-some years?
    May 14, 2013. 08:53 PM | 1 Like Like |Link to Comment
  • This Asset Bubble: The Difference Is...  [View article]
    I don't know why some focus on quarter over quarter comparisons as I consider them pretty much useless. You wouldn't use quarter over quarter comparisons for temperature or weather would you?

    For the year ending April 30, 2012, the DJIA earnings per share trailing 12 months were $118.44 and the then current year to date were $139.77 with P/Es of 14.74 and 12.49 respectively.

    For the year ending April 30, 2013, the DJIA earnings per share trailing 12 months were 122.87 and the now current year to date were $144.80 with P/Es of 15.73 and 13.35 respectively.

    That relates to a TTM 3.74% gain and 3.59%. Not great, but certainly not declining and not an asset bubble.

    All calculations based on data from Yahoo Finance.
    May 14, 2013. 02:24 PM | Likes Like |Link to Comment