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Smarty_Pants

Smarty_Pants
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  • The Bull Continues to Run Backwards [View article]
    "The Bull Continues to Run Backwards"

    That would explain why it keeps stepping in cow-pies.
    Oct 22, 2008. 02:09 PM | Likes Like |Link to Comment
  • Why Stock Market Volatility Is Perfectly Natural [View article]
    Felix:

    Thanks for using 'volatility' in the proper context, ie. large swings up AND/OR down in a short time interval.

    Too many of the bobble-head financial commentators and news analysts have for too long used the term "volatility" as a euphemism for "the market is going down" in an effort to avoid any negativity in matters financial.

    Thus 'official' news reporting recognizes two states for the market:

    1) rallying
    2) volitile

    Those are apparently our only choices if we are to believe CNBC and the like.
    Oct 22, 2008. 02:05 PM | Likes Like |Link to Comment
  • Why Stock Market Volatility Is Perfectly Natural [View article]
    "I believe that there cannot be a Reform Republican with new ideas ": User 118015

    There was: Ron Paul.

    He was ignored, trivialized, and ridiculed by everyone but those who chose to listen and think about what he said, until he stopped trying.

    Suddenly, when all the things he said were going happen have started happening, he's the media's answer man.

    Granted, electing Ron Paul wouldn't have made our current problems disappear. They're to large a part of our economy to simply vanish. He would have at least been honest about what's wrong and done what he could to let the market correct the malinvestments of the past 30 years.

    What the American public wants and needs is truthfulness. We are tired of political hair-splitting campaigns that lead us to eventual ruin while enriching those who are cronies and insiders.
    Oct 22, 2008. 02:00 PM | Likes Like |Link to Comment
  • The Lease-Back Bailout [View article]
    Ummmm ......

    1) This would put us right back in the "don't lose money for the taxpayer" arugment. Does the US buy those houses at the loan value or market value? How do homeowners/banks handle the losses in the latter case? How do the taxpayers handle the losses in the former case?

    2) Just how exactly will Uncle Sam maintain the house when something important needs to be fixed? No-bid contracts? (Can you say "Waste, fraud, and abuse."?) I wasn't aware that Haliburton was in the property management business ... yet.

    3) Who sets the rent? Security deposits? Who collects?

    4) What about local government property tax revenues that suddenly shrink because all that 'new' federal property is exempt?

    5) Let's not even attempt to discuss where the Trillions of dollars needed to buy the houses would come from in the first place.

    Sure, I can see that plan working at break-even or better ... NOT.

    Like most proposed government programs, lots of sizzle, very little steak.
    Oct 22, 2008. 01:46 PM | Likes Like |Link to Comment
  • How to Position Your Portfolio for Recovery [View article]
    Lotto tickets are only $1
    Oct 22, 2008. 11:59 AM | Likes Like |Link to Comment
  • The Upcoming Recession Could've Been Much Worse [View article]
    Then again in 1930 we weren't $10+ Trillion in debt (and counting) with a huge, recurring budget deficit.

    As for high tax rates, the election isn't over yet, but it's entirely possible Obama could raise taxes to fund his social engineering program should he be elected. McCain quite possibly could do the same to 'pay' for attacking Iran, which he seems quite eager to do.

    If there is a way for the country to get into a depression, government actioin is the most likely way that we will get there.

    Let us hope that's not the case, but pooh-poohing the possibility is somewhat short-sighted.
    Oct 22, 2008. 10:25 AM | Likes Like |Link to Comment
  • Would a Stimulus Package Help? [View article]
    A stimulus package would certainly help to grow the debt.

    Not what many would deem a worthy goal.
    Oct 21, 2008. 04:33 PM | Likes Like |Link to Comment
  • New Economic World Order: U.S. No Longer On Top [View article]
    Ummm, ... $10+ Trillion reasons why the US is losing its recognition as the leading economy on the globe. The debt is so large as to be incomprehensible and it continues to grow apace.


    "There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers." Richard Feynman (1918 - 1988)

    Oct 21, 2008. 04:31 PM | Likes Like |Link to Comment
  • Understanding Government Action: An Investment Essential [View article]
    "Have more than thou showest; Speak less than thou knowest."

    William Shakespeare, 'King Lear,' Act I, Scene iv
    Oct 21, 2008. 04:20 PM | Likes Like |Link to Comment
  • The Return of Lending: Still Distant [View article]
    "There ought to be one day-- just one-- when there is open season on senators."

    Will Rogers
    Oct 21, 2008. 03:55 PM | Likes Like |Link to Comment
  • The Return of Lending: Still Distant [View article]
    "Be what you would seem to be -- or, if you'd like it put more simply -- Never imagine yourself not to be otherwise than what it might appear to others that what you were or might have been was not otherwise than what you had been would have appeared to them to be otherwise."
    Oct 21, 2008. 03:38 PM | Likes Like |Link to Comment
  • The Return of Lending: Still Distant [View article]
    thedozer,

    Don't worry, Be happy.

    As my mother used to tell me, "Consider the source."
    Oct 21, 2008. 03:20 PM | Likes Like |Link to Comment
  • Understanding Government Action: An Investment Essential [View article]
    “Now, here, you see, it takes all the running you can do, to stay in the same place. If you want to get somewhere else, you must run at least twice as fast as that!”

    The Red Queen
    Oct 21, 2008. 03:00 PM | Likes Like |Link to Comment
  • The Return of Lending: Still Distant [View article]
    “There is no use trying", said Alice, "one can't believe impossible things."

    "I dare say you haven't had much practice.", said the Queen. "When I was your age, I always did it for half an hour a day. Why, sometimes I've believed as many as six impossible things before breakfast.”

    Oct 21, 2008. 02:48 PM | Likes Like |Link to Comment
  • Finding Outperformers in a Pay-As-You-Go World [View article]
    The author and MTroy make good points. Solid, profitable, dividend paying companies are the ones to hold.

    If you choose this approach it might also be a good idea to keep a good amount of cash on hand as well. Buy some of those shares on days when the market drops like a stone and sell some back on days when the market rallies strongly so that you keep accumulating more shares over time by recycling your money. (ie. establish a 'core holding', with plenty of cash left. buy extra shares on dips, sell back an equal dollar amount of shares after rallies and keep the 'bonus' shares)

    The market will most likely be range bound for some time. Take advantage of the ups and downs to buy cheaply and sell dearly and add a few 'free' shares to the core holding. Those 'free' shares will add to the dividends you collect and increase the effective yield of the initial core purchase.

    Just a thought.
    Oct 21, 2008. 11:29 AM | Likes Like |Link to Comment
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