bassmaster17

The Mother of All Asset Price Bubbles

Don't look now it's a trifecta...the third bear is back!!! Add Whitney to Roubini and Prechter. Now we'll see what the rally is made of good luck to all!

Gold: The 'Lousy' Investment that Outperforms

I prefer industrial commodities, but one can't ignore gold and it would be totally irresponsible to shun it completely. Bernanke's stance towards the dollar problem, which is reminds me of his nonchalant attitude towards the mortgage market and the leveraged securities held by banks. When the entire tax base will eventually go to servicing debt there is a major problem and the spend thrifts in DC will continue their out of control spending binge with an attempt to prop up the economy before the 2010 elections while enacting a fiscally irresponsible healthcare bill. Once again don't ignore gold hyperinflation is very possible.

Algae Biofuels Have a Promising Future

Do any of you understand how Petrosun could become profitable. I know their CEO was in China sometime back, but if any of you understand the company please give me further insight. Thanks

The Mother of All Asset Price Bubbles

Noriel Roubini should take a deep breath walk outside his class room and look around...and think...where's my doomsday??? The professor needs to be more creative and not steal Kirby Daley's "mother of all _____" phrases. Alright give me a thumbs down.

Bank of America, Citigroup, JP Morgan and Wells Fargo Stocking Up on Liquidity

I'd be weary of following Dick "multigenerational buying op Bank of America at 38" Bove and shorting WFC. It seems as if they are vulturing the good CIT loans not to mention other bankruptcies.

Chips: Are Semiconductor Stocks a Bargain Yet?

QCOM seems interesting...I'll wait for $16.50 to start an Intel position...and thank the analysts whose performance would most likely mirror the window servers at McDonalds to get a bargain. I know this is not a railway article, but thanks to Buffett for vindicating my conviction on the railroads while the Wall Street know it alls trashed them.

Methodology: Here's How I Pick Stocks

Well said article, totally agree, RIG is either gonna break out or down soon. Given the fundamentals of the company and the location of new oil finds with a declinig production curve and an expanding middle class where the majority of people live...I'm assuming they'll be able to raise prices on their deepwater contracts in the future. If it breaks down I'll buy more RIG it has a terrific long term story and I think its dirt cheap.

Wall Street Breakfast: Must-Know News

Nokia should just throw in the towel...In regards to BNI they are doing a fine job operating in a lousy hand dealt by the US. Wonder if Buffett has taken notice of the selloff. Just my opinion, but I think some hedge funds are firing at the transports in order to take down the whole market...who knows.

Mervyn King: Break Up the Big Banks

Peabody is doing great...nice we both got it cheap!!! It may selloff, but I have longer term plans for that position. Just a question about Dick Bove. I know he's CNBC's show pony, but didn't he get the whole credit crisis wrong and told people to buy Citi at $20? Just checking to see if there's any legitimacy to his call on Wells given his track record.

Sharks Circling the Galleon Galleon

I assume the hedge funds are focused on Brazil today, don't know enough about the imposed tax to make a judgement. They see a chance to cause panic and they take it. It's nice to see them go down when they do. Brazil is on fire a pullback is probably overdue.

Robert Prechter's 'Conquer the Crash': A Forecast That's Still Coming True

Earnings...Apple-Googl... Maybe Prechter should ride his wave into the sunset.

World Steel Association Projects Steel Demand Will Return to 2008 Levels

Dr. D has some terrific articles. That being said. I remember when Credit Suise downgraded NOV when it was at $27 and the nice backlog despite some recession related weakness coupled with the strong balance sheet and valuation made me puzzled by the call. Nobody has downgraded NUE, actually UBS updraded it at $49 and Goldman has said some good things about it. I like the balance sheet, the dividend and the afformentioned article supports buying it. Despite the quarterly losses the future seems bright for NUE and the negativity surrounding it could be stemming from its CEO's bickering and complaining. He has emotional issues, but when it comes down to it, he excels in the category that counts, which is running a business. Look through the gloom...he was exuberant in 2007 when things were going well...and I believe those who buy NUE will be rewarded in the long run.

Robert Prechter's 'Conquer the Crash': A Forecast That's Still Coming True

I agree with Irondoor, the day of reckoning, either way is about to happen...If the Fed raises rates, unlikely, Prechter will be right...but other Doomsayers and Jim Rogers call for hyperinflation. Bernanke most likely wants a weak dollar for the sake of shifting the consumption variable of US GDP lower and with credit contracting exports will have to play a more important role in a more industrialized future US. The technological improvements created by a now developed US will most likely improve the standard of living and connectivity of far many than the 200-350 million US citizens through the US boom. I'm pretty sure Bernanke has some idea of what's going on. I think the spending going on in Washington is insane, but if not for TARP and the bailouts it would be the 2nd Great Depression here, so in that context a double or triple dip does not seem as bad. Even with inflation the same proportion of assets will be allotted across society and the only losers will be those who sit in cash and treasuries and they may turn out to be right, but if the route I think Bernanke wants occurs those managers who take that position will likely be managing or working at a factory in five years.

As Dow Breaks 10,000 it May Not Yet Be Party Time

Back in August I was combing through charts of the 1938 and 1975 bear market rallies convincing myself...this is it...and paying attention to what doomsayers had to relay-then the scary months of September and October began. What I should have been paying attention to in August was researching individual companies and finding bargains, which I did, but not enough. The list of blown chances is endless from Petrobras, Freeport, JPMorgan, Atwood Oceanics to Apple. A big pullback can happen at anytime, but seranading in the advice of Bob Prechter (who I respect) and a complete turkey like Art Cashin was counterproductive. I'm young enough to learn my lesson and not get swayed by either conviction...bull or bear...in 50 or so years everyone will be trying to explain how this bear market is technically similar to their's and maybe it will be, but who really knows.

Why I'm Bullish on Commodities

The only bubble is the beligerant spending in Washington...I think the Ringling Brothers Barnum and Bailey Circus would achieve what they have, but atleast it would be entertaining...what am I talking about...the Congressional clowns are better...pass that healthcare bill...lets get it over with. Tax the wealthy...they only create jobs and expand the tax base. I don't like buying gold at these high prices, but if a circus controls the fate of the nation's currency, I see no better alternative. Ag seems like a good play too.