JCC

Four Reasons We're Headed Even Higher

It is amazing to watch all of the nay-sayers yelling and screaming as the market rises. So many hate what has happened, and therefore have become emotional automotons. When you let your emotions rule, it prevents logical thinking. As a matter of fact, the emotional reaction that many have is equivalent to lying to onesself.

So yell and scream and point down as the market goes up. Vent your anger at specific companies because they got help, and watch the stock rise. Have a fit over the current deficit, and forget the history of WWII. When we continue to to lie to ourselves, we will not make good investments.

When others reap the rewards we will say it is impossible, because of @*^%#**&^!!!!!!!

Five Reasons the Market Could Crash This Fall

"I am officially going on record now and stating that IF the S&P 500 hits 1,000, we will see a full-blown Crash like last year."

The S&P 500 is above a 1,000. If it doesn't crash, what will be your penalty? Will you admit that your premises are incorrect?

Goldman Sachs: Still Arrogant and Unrepentant

I did - I purchased GS stock after the bailout. My reasoning was that they were in pretty good shape and would soon pay the moneyback. I also felt that after the financial meltdown that they would profit handsomely. It turned out that my logic was correct. Furthermore, I think that they have a year or more of unbelievable earnings in the future.

For the record, GS did nothing illegal. You might not have agreed with the TARP, but it critical last September to stem the financial meltdown. The monetary supply was not flowing, and similar to your vascular system, this would have resulted in an economic heart attack.

No question we need to stengthen the regulatory environment to avoid or mitigate a future meltdown. Also we need to modify the system so that businesses will not be able to jeopardize the future for a near term quarterly report. But in our society, as businessmen, we have an obligation to return earnings to our shareholders providing that we don't break the law.

I have to say that I am amazed at all of the negative chatter from many of you. These views certainly prevent you from making good investments, and they almost sound anti-capitalist.

On Jul 26 12:24 PM Chemist29 wrote:

> if you think goldman makes too much money for its shareholders, buy
> the stock.

The Scandal of Overdraft Fees

Ethics used to be an important part of business, as was fare treatment of customers. This has long not been the case with Banks and Insurance companies. Both of these industries, sometimes seem to treat the customer like an enemy.

There is nothing fare about the onerous overdraft fees, and the allowance and encouragement of continuation through bank machines, electronic payments and paper checks. Contrast this to a banks business accounts, where the customer is allowed to maintain a negative balance.

While there is an element of carelessness, there is also a similarity to a bully kicking someone in the head when they are down. You are out of money, and on the ground, so you get kicked in the head with an onerous fee.

FASB Unlikely to Suspend Mark to Market

It is ridiculous to use Mark-to-Market in lockstep to a crashing market. Perhaps something like a one year moving average would be better. Marking assets down with a crashing market is absurd. Marking them down, when you expect them to stay down is reasonable.

If we get out of this mess, many assets will recover. Mark-t0-Market has caused panic selling and added to the overall decline.