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2milgoal

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  • Shadow Housing Inventory: The Coming Avalanche? [View article]
    j-dub; love the reference.

    Obama reads from his tele-prompter, saying all is well, the recession is over.

    Reality is now stranger than SciFi....

    "Do you really think that's air you're breathing?" --Morpheus, "The Matrix"
    Sep 21 06:46 PM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Dong!!! Wrong....
    Just the opposite. Car companies, and many tech companies, get their income primarily from Main Street. How can a company "feel better" before anyone's bought it's product?

    And the Government Motors Volt will be a major flop. I mean the thing gets 40 miles per battery charge. 40 miles! Why bother, unless you're a global warming wacko who sticks their head out the window and says weee, weee, weee all the way home, so they can plug into the coal and NG fueled grid.

    Another dose of stimulus will be like another nail in our coffin...
    Sep 2 04:58 PM | 6 Likes Like |Link to Comment
  • The End Is Near: Why The Bull Market Is Finished [View article]
    @NewTampaResident:
    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 08:38 PM | 4 Likes Like |Link to Comment
  • Richard Russell: A Gold Tsunami Is Coming [View article]
    The easiest way to get to $465,000 is to start with $500,000.
    May 2 08:53 PM | 4 Likes Like |Link to Comment
  • Use the Silver Dip to Convert Paper Silver Into Physical Silver [View article]
    SLV is not a futures contract. There's a lot of speculation that SLV does not have enough physical bullion to back its valuation. And the silver it says it holds is in London, England; held in a custodian vault under English law (the custodian is JP Morgan Chase in London).

    SLV is a short term hedge or trading vehicle. That's it. The big conspiracy out there is that JP Morgan is also the big guy shorting silver to keep the price down. Supposedly to keep physical deliveries down. There's been hubbub that Comex and funds like SLV are having a tough time finding enough physical silver even now.

    New shares are constantly being created by SLV, and it has overhead expenses that detract from it being a good replacement for physical Ag. So long story short, if there was huge sudden demand for physical delivery, the ETF's don't have enough physical to liquidate and cover most shares. They default on everyone who's toward the back of the line. That's the argument why physical Ag/Au would rise in value, and the ETF's would become wallpaper.
    May 2 08:27 PM | 4 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 02:49 PM | 3 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 07:26 PM | 2 Likes Like |Link to Comment
  • 3 Reasons to Avoid Nokia [View article]
    You can get upwards of 13% on a fine Irish or Italian government bond. And maybe, possibly, supposedly, a sliver of hope for growth when Italy reverts to the lira.
    Jul 12 09:09 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Hey Jo. I'd suggest placing your bio in the proper place, like in the "bio" section of your username.

    Maybe it's just me, but speaking about yourself in the third person is kinda creepy...
    Sep 27 05:43 PM | 2 Likes Like |Link to Comment
  • The Market Has Reached Its Important Top [View article]
    I think this rally will be brief as the congressional elections approach.

    My opinion is that by October we see a reversal, and lower trading range, as the volume gets turned up prior to elections. Mainly due to the uncertainty of who gets the majority in Congress. The market hates uncertainty, and it doesn't matter which side you're on.

    If the libs maintain a majority in congress, then I think the floor will drop out. And 2011 will bring a ton of new and increased taxes.
    Sep 20 05:45 PM | 2 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 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 06:39 PM | 1 Like 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 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 06:58 PM | 1 Like 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 03:00 PM | 1 Like Like |Link to Comment
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32 Comments
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