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  • The End Is Near: Why The Bull Market Is Finished [View article]
    Ever heard of negative numbers? Just as much room on the downside I say. This precious tactic is how our government balances it's own books.
    Mar 13, 2013. 08:48 PM | Likes Like |Link to Comment
  • The End Is Near: Why The Bull Market Is Finished [View article]
    Negative what? The author is talking exactly about making and taking profits. Go ahead and keep letting your "New Age" energies blind you from reality.
    Mar 13, 2013. 08:38 PM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Americans *should* learn how to manufacture, support, and program machines/robots on a larger scale. Sounds like some good paying jobs to me. Profit is a noble motivation, and technology could again be the future of our prosperity...
    Oct 7, 2011. 09:49 PM | 1 Like Like |Link to Comment
  • Market Psychology Sometimes Creates Bargains Like These [View article]
    I like your basic thesis on these names, but I'm more inclined to wait for this deflationary market move to settle before loading up on oil plays.

    That's the problem with timing markets isn't it? China is now also looking like a bubble, with their growth pegged largely to buying by other countries, and more revelations of very bad banking & securities oversight in that country. I've seen the writing on that wall before.

    And look at the ghost-cities China has built with the non-stop money flowing in. Having infrastructure where you don't need it is the same as not having it at all (lots of "bridges-to-nowhere").

    Although I'm tempted to average into commodities-related positions as the market de-leverages, how far does this go? The problem is this -- will these deflationary moves last a week or two, or are we talking months?
    Sep 22, 2011. 06:39 PM | 1 Like Like |Link to Comment
  • Oil Prices May Play Out Like It's 2008 [View article]
    pigdog: Please show proof that Cheney owned even one share of Halliburton stock while he was in office.
    Sep 6, 2011. 01:19 AM | Likes Like |Link to Comment
  • 7 Reasons This September Should Terrify Investors [View article]
    English is the official language of the EU. Why speak any other language if you're under about 50 years old?
    Aug 29, 2011. 01:38 PM | Likes Like |Link to Comment
  • Debt Deal Is a Blank Check [View article]
    bigbare: Sounds like you live in San Francisco, the poster child for out-of-touch communities. Funny if that's the case, with SF being the hub for the Gold Rush and all.

    It's ironic that the broke state of California keeps putting more restrictions on small-scale gold miners here. Frackin environmentalists. There's more gold still here than was ever taken out of the ground, which is baffling for a state that can't otherwise print its own money. Instead of fostering part of its heritage that can provide it with real *new* money the state spites itself.
    Aug 2, 2011. 02:49 PM | 3 Likes Like |Link to Comment
  • One Chart That Explains the Entire Financial Crisis [View article]
    Are you saying that only white males have the resources to put more than 3% down and have a stake in the house they buy?

    Not sure what you mean by "privileged", since there's innumerable non-whites in positions of power and money. Not sure what country you're from, but least here in the USA that's the case. The Japanese people didn't let a little thing like WWII keep them down did they?
    Aug 1, 2011. 08:19 PM | Likes Like |Link to Comment
  • 10 Reasons We Are Heading for a Recession [View article]
    Children usually complain and spite their parents when the parents are just applying some tough love and doing what's right for their kids.

    Our President and the Senate are not parents (metaphorically speaking). They're more like drunk teenagers on a wild bender. They need to know what a hangover feels like, and not be fed more booze so they can avoid it.

    Armageddon consists of raising the level of our debt, and raising taxes to try and pay for it. Reducing or eliminating the debt is the solution, not the problem.
    Aug 1, 2011. 07:26 PM | 2 Likes Like |Link to Comment
  • Heading for the Cliff [View article]
    I agree that the President should be committed.

    If Congress cuts less than $5- $6 Trillion over the next 10 years, then I welcome all the downgrades and defaults we deserve.
    Aug 1, 2011. 07:05 PM | 1 Like Like |Link to Comment
  • Heading for the Cliff [View article]
    I agree that the President should be committed.

    Cut anything less than $5 - $6 Trillion over the next 10 years, and I welcome every downgrade and default we deserve.
    Aug 1, 2011. 06:58 PM | 1 Like Like |Link to Comment
  • Rooting for a Crash [View article]
    I think "straightcomment" meant both houses of Congress. It's not credit or blame, as much as "doing the right thing". Yeah, I know that sounds funny to say about politicians on either side. :)

    I think the right thing now is to *not* raise the debt ceiling since those in charge have a spending problem, not a revenue problem. It's time for some tough-love, a come-to-Jesus moment, and some hurt that's past due. America needs to man-up...
    Aug 1, 2011. 06:20 PM | Likes Like |Link to Comment
  • Rooting for a Crash [View article]
    LA_CPA & WMARKW : I agree with most of what both of you say.

    Say you're at dinner with a group of folks, and one is very well off. Do you shove the dinner tab to that person and expect them to pay? My point is that paying your share is not a "percentage" issue. It's a fixed cost issue. I don't cost government any more than anyone else (for the most part) and if I'm wealthy, I cost the group significantly less than anyone else since I don't need most services. Or I pay extra for what I need via the private sector since the service will be better.

    Hooray for supporting the local guy! Been with Credit Unions for 25 years, prefer mom and pop small businesses over chains for many things (coffee shops, sandwich shops, & hardware stores for instance). Been in WalMart maybe 5 times in my life.

    Contrary to what many think, wealth is not easy to keep. It is not "hoarded" and kept in a basement in cash and coin. It must be invested in some manner for no other reason than beating inflation. Being an accredited investor opens many alternative investments to one, but risk is always there. Regardless, these investments create jobs, they enlarge the tax base (income, excise, user taxes), and provide investment opportunities to others like a domino effect.
    Aug 1, 2011. 03:00 PM | 1 Like Like |Link to Comment
  • How to Invest When Your Country Is Going Bankrupt [View article]
    As sad as it could be about friends & family, your "lifeboat" will only support so many.

    Share what you can, but hopefully they're also informed, or have listened to you about these things up till now and have prepared themselves.

    If not, well, there's a bunch of zombie movies that parallel what happens when someone you supposedly "know" turns on you.
    Jul 28, 2011. 08:33 PM | Likes Like |Link to Comment
  • Rooting for a Crash [View article]
    Right on Charles! You are a beacon of common sense my friend.

    SS and MediCare promise more than they can ever deliver. Big picture, these programs aren't really that old, and so far there's been enough of other-peoples-money to keep them solvent.

    The piper will have to be paid as the large boomer generation has now entered these programs. I'm toward the end of the boomers, and really don't expect these monstrosities to be around for me.

    Regarding making the rich pay for this, come on. The rich don't even need these programs, so why should they pay much into them? You're supposed to pay for what you use in this world, right? At least that's what my parents taught me.

    I'm only a middle class IT worker, but I'm aspiring to be rich someday. I give to charity of my own accord, but I say screw the government when they think they can be more charitable than me with my own hard-earned money.

    I'm a firm believer in paying your share of what government and infrastructure really costs. Paying for the annual budget via income taxes should be almost as simple as splitting a dinner check. For instance:

    A $1 trillion annual budget divided by 300 million people comes to about $3300 per person. Adjust a little at the bottom and top. Say folks making over $15,000/yr pay $1000/year and it scales up to rich folks paying no more than $10,000 - $100,000 or so per year. Everyone's paying something, and nobody is getting unduly pillaged. The people using government benefits are helping to pay for the services they get (and they should!), and the rich aren't paying too much for something they never need. Less entitlement mindset, and more incentive to be successful.

    I think no single person (or corp entity) should ever have to pay more than about $100,000 per year in income taxes, no matter how many billions they make. One person (or corporate entity) simply doesn't cost the country that much more than anyone else. They will still pay way more than their share of "user" fees like gasoline taxes, property taxes, legal fees, tolls, sales taxes, vehicle regist, royalties, etc, since they buy and create more things than others do.
    Jul 27, 2011. 11:14 PM | Likes Like |Link to Comment