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  • Danger Zone: XBRL (eXtensible Business Reporting Language) [View article]
    Glad to see you point this out, David.

    Without attention like this the problems will not get fixed (or I should say "improved" as I expect the data is rarely 100% correct).

    Hopefully someone at the SEC will take note as these XBRL files are the best solution (when corrected) for us investors to tap into the submitted reports.
    Nov 8, 2013. 09:16 PM | Likes Like |Link to Comment
  • Danger Zone: XBRL (eXtensible Business Reporting Language) [View article]
    I expect the XBRL files will stick around, and over time they'll slowly get better. Hopefully the SEC will get on a quality control initiative and put some controls in place.

    A blank or value of 1 for "total shares outstanding" should be rejected as in the simple example cited, but I'm sure there are many more checks that could/should be done.
    Nov 8, 2013. 09:12 PM | 1 Like Like |Link to Comment
  • Reality Check For Peter Schiff [View article]
    Let's refer to some evidence here, such as this study:

    Here are 2 quotes just from the abstract:
    "...we find that increases in homeownership rates reduce criminal
    activity over time. "

    "Our results suggest that federal, state, and local policies as
    well as other initiatives, such as Habitat for Humanity, that support
    homeownership, will have substantial positive spill-over effects on the social fabric of a given community."

    Based on this study, mortgage interest deduction has a positive effect on communities by encouraging homeownership. Their findings make the deduction a positive for government and the community, it should be kept in force.

    I have the understanding that it does not apply to Jumbo Loans which would make sense and perhaps offset your concern about it only supporting the wealthy, but I'll leave that for another to research.
    Nov 1, 2013. 04:05 AM | 1 Like Like |Link to Comment
  • Reality Check For Peter Schiff [View article]
    Right, that's all simply due to superior economics!
    Nov 1, 2013. 12:15 AM | Likes Like |Link to Comment
  • Reality Check For Peter Schiff [View article]
    Please define your concept of "sound money".
    Nov 1, 2013. 12:07 AM | Likes Like |Link to Comment
  • Reality Check For Peter Schiff [View article]
    This is what gets me about QE as well as Schiff.

    Everyone judges with such certainty that the US version of QE was such a great success and the European austerity was such a failure - after only 5 years. We'll see in another 20, or 50, years, if this rush to judgment is correct.

    It is also a common flaw to judge governmental policies on the timeline of a person, but governments can live for hundreds of years!

    This is where I would point back to the comment above about the Norwegian wealth fund whereas some countries have chosen to hang it all out on the risky debt side.
    Oct 31, 2013. 11:46 PM | 1 Like Like |Link to Comment
  • Reality Check For Peter Schiff [View article]
    To try to put this another way, this excess "value" in the economy is what has been taken from individuals through "currency debasement" by governments and [mis-]allocated elsewhere in the economy.

    The "deflation" that would occur from a return to gold standard, and note I'm not advocating such but IMO, would primarily be a corrective removal of the distortions that have been created by "currency debasement" (or imposed inflation).

    I would like to think this excess "value" was all put into beneficial social programs that today make the world such a great place. But I can just observe the shift in store counts from normal businesses to payday loan and pawn shops in most communities in America to see the creation of this value in action.
    Oct 31, 2013. 11:18 PM | 2 Likes Like |Link to Comment
  • Reality Check For Peter Schiff [View article]
    I'd agree, and it could be argued that the government is getting some social benefit from have a nation composed more of homeowners and less renters.

    Allowing for that at all makes it an even smaller hill, so I don't really see the point in diverting on that tangent further.
    Oct 31, 2013. 11:01 PM | 1 Like Like |Link to Comment
  • Autobahn not a problem for souped-up Model S [View news story]
    Most drivers on the autobahn are going ~85 mph or less, there is no need for 130 mph there. Some cars only go about 60-65 mph and do just fine. Big trucks are normally limited to 90 kph, which is ~55 mph.

    For the most part, the no speed limit autobahn is over-hyped almost as much as the Tesla stock itself.
    Oct 23, 2013. 10:31 AM | 2 Likes Like |Link to Comment
  • Icahn lowers Netflix stake to 4.5% [View news story]
    The fact's still a scam.

    I don't know and don't care how many retail investors are trading in the AH, and I don't think that is important here. The trade around the latest earnings is not what I see as a concern.

    What is important is how certain elements of the media allowed Icahn to pump this scam on TV.

    I see the presentation [promotion] of this Icahn trade as no different than a penny-stock email scam.

    For me, I don't trade on months-old data and I would never buy into these far-too-expensive hyper "growth stocks", so I'll never get close to this trade.

    But this was a scam, and I don't think the way it was presented in the media is legit. Given the parallels to penny stock emails, I'd like to see what the SEC has to say about it.
    Oct 22, 2013. 09:49 PM | Likes Like |Link to Comment
  • Icahn lowers Netflix stake to 4.5% [View news story]
    I think they deserve sympathy after the way this was presented to them by the media and Icahn. "No longer a no-brainer..."

    Really, what's the difference between this and those penny stock scams you get in emails?

    The only difference is this scam was presented in depth by the media which probably gave it some extra validation to some investors. The media played along expecting they could play it for a few ad dollars as well. Pump-and-dump, it's a scam.
    Oct 22, 2013. 07:49 PM | Likes Like |Link to Comment
  • Starboard gives its want list to Wausau Paper [View news story]
    That's funny - I was just thinking they should change that -odd- name "Starboard" as I was reading these bullets.
    Oct 22, 2013. 10:01 AM | Likes Like |Link to Comment
  • Danger Zone: Market Vectors Wide Moat ETF [View article]
    Very good article and discussion, I tend to agree with the author, though.

    Morningstar is a well respected operation IMO, and their research is generally better than many who are selling their book. However, in this case Morningstar is selling, no research is perfect, and so I'll take the author's objective, quantifiable, and repeatable process as a better way to measure, and at least verify, what the sellers are selling.

    There doesn't seem to be a good reason to disregard the [IMO valuable] research presented here.
    Oct 21, 2013. 11:23 PM | Likes Like |Link to Comment
  • Obamacare exchanges providing insurers with wrong data [View news story]
    Well, I'm sure Obama has little to do with the functioning of the exchanges, but perhaps the worst part is, I suspect, an unending stream of unauthorized disclosures of personally-identifying privacy information.

    Hopefully they at least manage to notify those persons whose private information is inappropriately disclosed, but my guess based on early reports of the operation is they won't have a clue who those individuals are.

    Since this seems to be a dysfunctional disaster in every other way, I would expect the information is leaking all over the place, too, though I'm not in a position to verify.
    Oct 18, 2013. 05:25 AM | 2 Likes Like |Link to Comment
  • MTUM: Profiting From The Madness Of Crowds [View article]
    I should add the First Trust Multi Cap Growth AlphaDEX Fund (FAD) as a viable option that covers the large-cap and mid-cap space in one fund, while also covering small caps to some extent. This is a bit low on volume, though.

    The AlphaDex methodology is a modified equal weighting which makes more sense, especially for momentum. Combining a momentum strategy with market-cap weighting seems about the worst possible combination IMO.
    Oct 15, 2013. 07:10 AM | 1 Like Like |Link to Comment