bigtime99

11 Comments

    • Be Like Buffett: Get Off the Roller Coaster [view article]
      Brk may look good now, but from mid-1998 until mid-2006 the shares moved from 76000 to 86000. That's negligible for 8 years of waiting.
      His fund has relatively quick upswings followed by long, flat periods. Buffet himself has warned that future returns are going to be less than past. How do you know we aren't starting another decade long flat stretch?       Oct 03 10:05 PM
    • Google Looks Too Cheap to Ignore [view article]
      The best part of the above was "being a value shop..." Oct 01 10:15 PM
    • We're Still a Long Way from a Real Banking Crisis [view article]
      The bank failures are finished? Hallelujah!
      Oh wait a minute, interbank lending rates are sky-high...
      They aren't lending to each other because they know they have hidden bombs on their balance sheets...
      And nobody external is capitalizing them...
      And it's only 2008...

      Maybe wait 12 months if you want to see oversold...       Sep 12 09:30 PM
    • Powerful Strengths, Pathetic Weaknesses, and What Donald Coxe Recommends [view article]
      And that's why I bought the Coxe Commodity Strategy Fund. Coxe basically is 'the smart money' and has been for 20 years. He held 35% cash through this recent pullback. Sep 12 09:21 PM
    • Calling a Bottom: It's Time To Party [view article]
      Washington Mutual is next I'm afraid...largest Savings and Loan...300 billion of deposits and bankrupt.
      That will be the next leg down. AIG will take longer.       Sep 11 09:35 PM
    • Ominous for the Globe but Good News for Oil Bulls [view article]
      I had a geologist who works in the oilsands (for a major) in the office the other day. He tells me that his company is pulling oil out of the oilsands now for about $50 per barrel. That's a long way to fall from current prices. Aug 30 11:54 AM
    • RBC Defends Potash Corp.'s Valuation: $200 POT? [view article]
      I can't believe that people think a company with such incredible fundamentals trading at the bottom of its trading range is a short.
      If you look worldwide it is difficult to find a company with such a bright long-term future.       Jul 25 08:36 PM
    • The Dead Cat Returns to Earth [view article]
      Until credit expands again, the Case-Shiller won't improve.
      Until the Case-Shiller improves, the consumer won't start spending again.
      Until the consumers start spending, the economy will be garbage.

      Until all of these things it's catching falling knives, dead-cat bounces and "bottoming activity", and the greedy getting skinned.       Jul 25 08:28 PM
    • Financials Future Still Uncertain [view article]
      Not going to make a significant run up anytime soon, because the fundamentals of a garbage economy aren't going to reverse anytime soon... Jul 22 10:12 PM
    • The Case for Buying China Now [view article]
      1) Average Chinese hourly labour rates are a fraction of Mexico's and will be for many years.
      2) Japan is a post-industrial society and demographic nightmare with a falling population. China is a rural pre-industrial society that is a demographic dream with a growing population. Big difference.
      3) Chinese oil companies? With their massive buildup of reserves they are buying Africa, next Canadian Oil Sands and then Latin American commodities companies. They are currently locking up supply; which is what the US thought they were doing 60 years ago with Saudi Arabia before a little thing called OPEC came along.
      4) The future is in Asia, the writing is on the wall...if you don't believe it, go and see for yourself...
      Jul 21 11:38 PM
    • Is the Global Economy Drowning in a Sea of Black Gold? [view article]
      Michael Masters was exposed as 'talking his own book' in his testimony, in a recent Donald Coxe BMO report. His hedge fund is packed full of puts on shares like GM that would rocket in the face of a sustained oil decline - hence his testimony against speculators in front of congress, trying to initiate that same decline.
      It was political theatre I'm afraid, ironically staged by a massive speculator himself.       Jul 20 06:54 PM
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