Midas Mulligan's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/224954/comments http://seekingalpha.com/article/104125-global-markets-meet-president-obama-now-what?source=feed#comment-298629 298629
Credo quia absurdum.]]> Wed, 05 Nov 2008 10:20:29 -0500
Credo quia absurdum.]]> http://seekingalpha.com/article/101917-who-is-john-galt-we-ll-soon-find-out?source=feed#comment-290869 290869
Emigration of capital -- intellectual as well as physical ? Seek out Galt's Gulch. This time, however, it probably will not be found within the bounds of the Fifty States.]]> Sun, 26 Oct 2008 13:22:39 -0400
Emigration of capital -- intellectual as well as physical ? Seek out Galt's Gulch. This time, however, it probably will not be found within the bounds of the Fifty States.]]> http://seekingalpha.com/article/101945-please-close-the-markets?source=feed#comment-290719 290719
Thomas Jefferson
1816

Alas, what would President Jefferson think of a "swindle" on the order of $700 billion to preserve these fine, modern-day banking establishments ?]]> Sun, 26 Oct 2008 10:17:32 -0400
Thomas Jefferson
1816

Alas, what would President Jefferson think of a "swindle" on the order of $700 billion to preserve these fine, modern-day banking establishments ?]]> http://seekingalpha.com/article/100720-here-i-go-criticizing-warren-buffett?source=feed#comment-286363 286363 Mon, 20 Oct 2008 11:51:53 -0400 http://seekingalpha.com/article/97808-why-this-bailout-can-t-work-and-what-will?source=feed#comment-268488 268488 Mon, 29 Sep 2008 11:39:22 -0400 http://seekingalpha.com/article/96870-why-i-bought-aig-last-week?source=feed#comment-264931 264931
I missed the bus to Foxwoods.]]> Thu, 25 Sep 2008 12:35:45 -0400
I missed the bus to Foxwoods.]]> http://seekingalpha.com/article/96936-can-hank-paulson-lead?source=feed#comment-262607 262607 Tue, 23 Sep 2008 13:00:08 -0400 http://seekingalpha.com/article/96375-it-s-a-bull-market-in-government-intervention?source=feed#comment-259895 259895
$500 billion. Devastating throw weight indeed.]]> Sat, 20 Sep 2008 09:47:12 -0400
$500 billion. Devastating throw weight indeed.]]> http://seekingalpha.com/article/96378-armageddon-postponed?source=feed#comment-259228 259228 Fri, 19 Sep 2008 12:56:02 -0400 http://seekingalpha.com/article/95950-are-we-there-yet-not-even-close?source=feed#comment-257155 257155
]]> Wed, 17 Sep 2008 13:25:46 -0400
]]> http://seekingalpha.com/article/95414-bank-of-america-merrill-shotgun-marriage?source=feed#comment-254965 254965
Thus goes the requiem for the Great Real Estate Bubble.]]> Mon, 15 Sep 2008 11:50:49 -0400
Thus goes the requiem for the Great Real Estate Bubble.]]> http://seekingalpha.com/article/94856-5-stocks-to-buy-if-obama-wins?source=feed#comment-250600 250600 Wed, 10 Sep 2008 12:31:19 -0400 http://seekingalpha.com/article/94303-buying-berkshire-the-ultimate-no-brainer?source=feed#comment-247461 247461 Sun, 07 Sep 2008 11:37:22 -0400 http://seekingalpha.com/article/93871-equities-in-the-eye-of-the-storm?source=feed#comment-245530 245530
You make several salient points. The greatest transfer of wealth in the history of this nation has been from the "Greatest Generation" ( those who fought and won the Second World War ) to their children, the "Baby Boomers" so-called. These " 'Boomers," however, have not quite been spending or making policy over the past thirty years. Indeed -- the "yuppies" ( thirty-somethings ) of the 1980s are the very same people. It is their children, unfortunately, who are now feeling the brunt of the housing bubble "pop," increasingly tighter credit, and a future filled with tax increases to pay the Government "benefits" of the retiring-en masse " 'Boomer" generation.

"Let the snake go" indeed. Such action, however, takes considerable political courage and will -- two things sorely lacking in the current political sea, regardless of party.]]> Thu, 04 Sep 2008 12:41:36 -0400
You make several salient points. The greatest transfer of wealth in the history of this nation has been from the "Greatest Generation" ( those who fought and won the Second World War ) to their children, the "Baby Boomers" so-called. These " 'Boomers," however, have not quite been spending or making policy over the past thirty years. Indeed -- the "yuppies" ( thirty-somethings ) of the 1980s are the very same people. It is their children, unfortunately, who are now feeling the brunt of the housing bubble "pop," increasingly tighter credit, and a future filled with tax increases to pay the Government "benefits" of the retiring-en masse " 'Boomer" generation.

"Let the snake go" indeed. Such action, however, takes considerable political courage and will -- two things sorely lacking in the current political sea, regardless of party.]]> http://seekingalpha.com/article/93308-questioning-obamanomics?source=feed#comment-243211 243211
Command economies do not work.
]]> Mon, 01 Sep 2008 12:08:34 -0400
Command economies do not work.
]]> http://seekingalpha.com/article/92518-let-s-not-emulate-the-hoover-administration?source=feed#comment-238607 238607
A similar "nick" to the psyche could be said of today -- as homeowners see their equity apparently evaporate with every "median housing price" report, the confidence in their future becomes cautious. One example of note is the decline in large [ balance ] order purchases at a leading, national home supply chain. If a homeowner believes his home is worth less, will he be more inclined or disinclined to put more discretionary money into it ? Is it really worth it to install those granite counter tops ? Apparently, with the deflating of the bubble, the answer is increasingly "no."]]> Mon, 25 Aug 2008 13:11:56 -0400
A similar "nick" to the psyche could be said of today -- as homeowners see their equity apparently evaporate with every "median housing price" report, the confidence in their future becomes cautious. One example of note is the decline in large [ balance ] order purchases at a leading, national home supply chain. If a homeowner believes his home is worth less, will he be more inclined or disinclined to put more discretionary money into it ? Is it really worth it to install those granite counter tops ? Apparently, with the deflating of the bubble, the answer is increasingly "no."]]> http://seekingalpha.com/article/92173-freddie-and-fannie-living-in-the-past?source=feed#comment-236497 236497
Samuel Langhorne Clemens ]]> Fri, 22 Aug 2008 11:05:27 -0400
Samuel Langhorne Clemens ]]> http://seekingalpha.com/article/91641-interview-with-jim-rogers-part-i-bigger-financial-shocks-loom?source=feed#comment-234793 234793
Every time Jim Rogers is quoted or interviewed in the media, a quip of his comes to mind from years ago -- back in the days when Mr. Rogers would appear on "CNBC." It went along the lines of,

"If that's where the smart money is, I'd rather be dumb."



]]> Wed, 20 Aug 2008 11:20:09 -0400
Every time Jim Rogers is quoted or interviewed in the media, a quip of his comes to mind from years ago -- back in the days when Mr. Rogers would appear on "CNBC." It went along the lines of,

"If that's where the smart money is, I'd rather be dumb."



]]> http://seekingalpha.com/article/90892-the-great-consumer-crash-of-2009?source=feed#comment-231376 231376
"May you live in interesting times," the old Chinese admonition goes. Investors are headed for some interesting times indeed.]]> Fri, 15 Aug 2008 14:11:27 -0400
"May you live in interesting times," the old Chinese admonition goes. Investors are headed for some interesting times indeed.]]> http://seekingalpha.com/article/90348-is-value-dead?source=feed#comment-227921 227921
Mr. Bogle is, of course, correct regarding his observation of many mutual fund "investors' " poor sense of timing. The very fact that these funds are experiencing such large outflows could be considered, in and of itself, a contrarian indication that "value" could well be at or very near a bottom, in terms of "investor" popularity.

Is value dead ? Hardly.]]> Mon, 11 Aug 2008 13:11:16 -0400
Mr. Bogle is, of course, correct regarding his observation of many mutual fund "investors' " poor sense of timing. The very fact that these funds are experiencing such large outflows could be considered, in and of itself, a contrarian indication that "value" could well be at or very near a bottom, in terms of "investor" popularity.

Is value dead ? Hardly.]]> http://seekingalpha.com/article/87641-five-great-companies-to-buy-at-a-drop?source=feed#comment-218553 218553
The points you make regarding cost-input inflation and the ability to take pricing can be applied to the entire universe of consumer products and packaged food/beverage companies. Recent earnings reports from WWY, PEP, KFT, CL and others appear to demonstrate that the consumer companies are navigating cost-input inflation waters effectively, and are taking sufficient pricing to remain quite profitable.

As for multiple contraction, Coca-Cola, for example -- if the stock traded down 15% from the current quotation -- would be trading at a multiple of slightly over 12x FY09 consensus. Twelve times forward earnings would be less a "gift" and more of a "miracle" for it to collapse to a multiple not seen since the Second World War. "Black Swan" event indeed.

A broad market decline could see these companies visit valuation lows not seen in generations, but if it ever were to occur, investors should not expect them to remain there long -- and as such, be nimble ( with liquidity at the ready ) on any such "catastrophic" decline.]]> Wed, 30 Jul 2008 13:20:36 -0400
The points you make regarding cost-input inflation and the ability to take pricing can be applied to the entire universe of consumer products and packaged food/beverage companies. Recent earnings reports from WWY, PEP, KFT, CL and others appear to demonstrate that the consumer companies are navigating cost-input inflation waters effectively, and are taking sufficient pricing to remain quite profitable.

As for multiple contraction, Coca-Cola, for example -- if the stock traded down 15% from the current quotation -- would be trading at a multiple of slightly over 12x FY09 consensus. Twelve times forward earnings would be less a "gift" and more of a "miracle" for it to collapse to a multiple not seen since the Second World War. "Black Swan" event indeed.

A broad market decline could see these companies visit valuation lows not seen in generations, but if it ever were to occur, investors should not expect them to remain there long -- and as such, be nimble ( with liquidity at the ready ) on any such "catastrophic" decline.]]> http://seekingalpha.com/article/84609-fear-of-higher-taxes-a-cause-of-sell-off?source=feed#comment-202908 202908 Fri, 11 Jul 2008 09:56:23 -0400