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Rich in Quebec

Rich in Quebec
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  • Wall Street Breakfast: Amazon Shares Surge After Profit Beat [View article]
    BlueOkie - Randyness of a candidate, let alone that of a marital partner is hardly a logical criterion for governing. We may chuckle, But Catherine the Great did not earn that sobriquet for her sexual adventures.
    Jan 31, 2015. 05:37 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Amazon Shares Surge After Profit Beat [View article]
    marpy - Letting Greece into the EEC was not THE problem. Letting them share the Euro, where Greek mismanagement can't be mitigated by devaluation, is the problem.
    Jan 30, 2015. 11:27 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Amazon Shares Surge After Profit Beat [View article]
    Deer - Once "everybody" seems to think the same, such as is the case for Apple, Mr. Market often takes in the last laggard dollar before moving in the opposite direction. Unfortunately, I've never owned Apple, and I won't touch it now.

    As to your Super Bowl prediction, you have deflated my expectations. Time will tell.
    Jan 30, 2015. 08:02 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: The Heavy Earnings Week Continues [View article]
    Husker Bob - I was responding to Blue Okie's thinking that Obama won the Presidency because of poor Republican candidates. It was a close race until financial meltdown. Every country has its prejudices. No doubt, it hurt Al Smith in 1928, Obama in 2008, and likely Romney's Mormonisn had a negative impact on him in 2012 as well. We continue to see references to Obama's race and supposed religious allegiance constantly on this site. All countries have their foibles. JD remarked above that an atheist or agnostic would have difficulty being elected in the U.S.. I am convinced that a woman has much less chance of being elected President in France than the U.S..

    The United States continues to identify anyone with recent sub-Saharan African genes as Black. This is despite his being precisely half and half. The world's best golfer over the last couple of decades is viewed by Americans as Black, although he is more Asian than African. This is not condemnation. It's observation of the human condition, somewhat illogical worldwide.
    Jan 29, 2015. 06:49 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: The Heavy Earnings Week Continues [View article]
    BlueOkie - I originally thought that Obama's chances for winning in 2008 were about as good as Roman Catholic Al Smith's chances in 1928. Once in the voting booth, no one calls anyone out for their prejudices. Despite all the "difficulties" of the GWBush era, it took the financial implosion to temporarily reject the Republican Party and make a "black" man President.
    Jan 29, 2015. 02:38 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: The Heavy Earnings Week Continues [View article]
    Deer - I'll repeat a couple of previous suggestions that plays on the theme of industries benefitting from the drop in petroleum prices. Wabash (WNC) National makes truck trailers. It was chosen yesterday as Zacks Bull of the Day because of better earning previsions. According to WNC and also a tiny Canadian competitor Manac (MA) trading in Toronto, both orders and margins seem to be growing.

    Goodyear (GT) seems to be getting back to buying levels from profit taking after a strong run. They too profit from lower petroleum prices both in input costs as well as rising traffic.

    I wrote $24 GT March puts, WNC Feb. $12.5 puts and am long Manac.
    Jan 29, 2015. 08:35 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Microsoft Profit Stung By Sluggish Windows [View article]
    BlueOkie - Have we come to condemning politicians on the basis of their supposedly all too convenient marriages? If we all want to play on irrelevant data, then lets remember that George Washington definitely "married money and it boosted his political career" as well. What does this have to do with the correctness or fault of any political position?
    Jan 28, 2015. 06:39 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Apple Makes Quarterly Profit History [View article]
    Deer - Thanks for putting the storm into proper perspective. A few miles in either direction of the predicted convergence point of the warm and cold fronts makes a major difference. We were only supposed to get a dusting here, but got about six inches. It is very fluffy, so it's no problem.
    Jan 28, 2015. 11:21 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Microsoft Profit Stung By Sluggish Windows [View article]
    BlueOkie - The experts that don't believe in human caused climate change are few and far between. And they don't claim that it's a hoax. They think there is insufficient evidence. And they don't claim that their colleagues are involved in an unholy self-serving cabal to hoist a hoax on humanity.

    As to your three examples of experts getting things wrong. Experts have long claimed that the world is spherical. They had even figured out the approximate world's size. Thus their objection to Columbus was based on his error of the distance involved in his projected trip. Columbus was saved by the existence of the Americas even as he erred again in naming its inhabitants Indians.

    Never did scientists close the door on finding other planets after Pluto's discovery in 1930. After long arguments and discussions, the experts on the subject reclassified and demoted Pluto from full planet status about ten years ago. So, there are eight planets - - - pending further evidence. The door is always open. That is how science works.

    Earth as the center of the universe was an obvious, but unstudied idea, confirmed by religious texts. When "experts" began to have the instruments making it possible to study the question, they came up against the inertia of religious sanctity, which took decades to break through.

    If population growth is your chief worry, notice that it is negatively correlated with education, particularly women's education. Most wealthy educated countries don't even have enough offspring to maintain population. That is one reason for immigration in many of these countries.

    As for the generalization you made on Democrats and Republicans, I certainly would not go so far. There are intelligent open minded people in both political parties, though it would seem, proportions might vary.
    Jan 27, 2015. 07:18 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Microsoft Profit Stung By Sluggish Windows [View article]
    Blue Okie - I know that my knowledge on practically every subject is relatively limited. So, I refer to experts. When they tend to be unanimous on a subject, I tend to go along, though accepting the remote possibility of evidence countering mainline thought. I certainly don't present an opposite viewpoint claiming it to be true while denigrating experts and purporting that they are in some kind of conspiracy to perpetuate a hoax. When there is less unanimity on a subject, then I am likely to withhold judgment. I may have and state a preference, all the while acknowledging my relative ignorance on the subject.

    Just a cursory reading of the Wikipedia article on Global Warming or Climate Change should demonstrate to anyone how complex the subject is. It should also demonstrate how silly it is to ask anyone "how this carbon stuff works". One small step towards wisdom is to acknowledge how each of us has yet so far to go before even approaching it.
    Jan 27, 2015. 05:00 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Microsoft Profit Stung By Sluggish Windows [View article]
    Interesting Times - Even if New York is getting missed, areas further east are being hit by this nor'easter. Berlin, New Hampshire is already up to 2 feet. Where I live, about 50 miles east of Montreal, there has been no snow so far though we might get a dusting this afternoon. I'm just far enough north and west to have missed all of it so far.

    Quebec legally compels us to have winter tires on all four wheels during winter. Common sense does make for safer roads, even if many on this page would complain of the "nanny state".
    Jan 27, 2015. 11:37 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Microsoft Profit Stung By Sluggish Windows [View article]
    Wyostocks - I agree that ad hominem attacks are not likely to persuade anyone. But, the intellectual provocation of a climate change denier using a weather event to laugh at the overwhelming scientific viewpoint on climate change is a predictable annual event on these pages. The means involved, from cherry picking data to supposed conspiracies, is so far removed from how science is done as to be laughable from the point of view of anyone even somewhat knowledgeable on the subject.

    And by the way, yours was the first comment this morning, and though there was a comment on IBM, it was preceeded by "Al Gore's prediction of the end of snow". You get the medal for prime provocateur.
    Jan 27, 2015. 10:38 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: European Markets Face Syriza Victory [View article]
    Buckoux - The Founding Fathers did create something like the present European Union. It was called the Articles of Confederation and it was soon realized that a stronger central government was necessary - thus the present Constitution. The necessity of an even stronger union was made clear by a Civil War. The E.U. started as a 3 country treaty on the subject of coal and iron. Laughing at the E.U. now is akin to laughing at the U.S. just a few days after Lincoln's election, or better yet. a year or two into the Civil War.

    If you look at the chart Crademan provided, the U.S. system does much to provide real wealth to the poor ignorant folks who think that U.S. largesse should be provided to no one. Give it time for Europe. If Massachusetts can ship its wealth to ungrateful Mississippeans, we can hope that in time, rich Germans will do the same for Greeks while waiting for them to smarten up.
    Jan 26, 2015. 01:20 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Euro Drops To Fresh 11-Year Low [View article]
    Kevin - Thanks for the catch. Right on your part, wrong on mine. Tough on my ego but glad someone is watching closely - I should have written bacteria rather than virus.
    Jan 24, 2015. 12:39 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Euro Drops To Fresh 11-Year Low [View article]
    BlueOkie - My argument was with the idea that lower petroleum prices would hurt those transportation sectors most dependent on fuel prices (truck and air) more than those least dependent (barge and rail). That makes no sense to me. If the drop in petroleum is due to a slowdown in demand worldwide, then it would be time to go to cash. However, if you agree that both demand and supply of energy are inelastic, then a promise by Saudi Arabia to keep supplying energy as before rather than acting as a swing player as it has often done in the past, was enough to set off this massive drop in price. And the drop in energy costs should act as a net stimulus to the world's economies as a whole

    If I am right, trucking should pick up and purchases of trailers should increase. Time will tell. I am long WNC in NY, and MA in Toronto.
    Jan 24, 2015. 12:24 PM | 1 Like Like |Link to Comment
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