Peacelover

A Short Take on Oil

This is the same Jeff Rubin who predicted last year that oil will reach $200 this year. The fact is that oil went down to $40.

A key lesson of the Great Depression, says White House chief economist Christina Romer, is "a small fiscal expansion has only small effects." She warns lawmakers to "beware of cutting back on stimulus too soon."

She should be the Treasury secretary. She is more knowledgeable than Timothy and could replace him if Tim falls out of favour by the Obama.

Does Satyam Say it All?

You are right. But how about your deals with Bangkok Bank of Commerce in Thailand and being a fugitive in Canada (form the Thai authorities). Do you recommend Raju to do the same as you did, Mr Saxena? Come to Canada. Raju does not need a lawyer. He may need only your advice.

If Only Hope Were an Investment Strategy

Yes it is panic, but not surprising. When the market was skyrocketing with no sky limit: Was it rational? it was the opposite of panic. In other words, it was irrational exhuberance. As things tend to reverse to the mean, this is a natural correction. I wonder why people are surprised when the market tumbles but are not when the market skyrocket with no reasons. Mark it down, the market will go down over the next year and a half, we may have mini-bear rallies from time to time. But to reverse to its mean you need at least a Dow at 6500. Time to see a psychologist.

The Plague of Short-Termism

The root of the problem is that we live in a culture that encourages us to live beyond our means. Leverage is a virtue while saving is considered bad and outdated. Hopefully Senator (or shall I say President elect?) Obama understands this and bring real CHANGE to this culture.

13 Defense and Aerospace Stocks to Consider

I totally disagree. With the US budget deficit ballooning as we bail out the financial sector, and as raising taxes is not popular, the only way is deal with an alarming budget deficit is to cut spending especially military spending. This is in particular true if Obam wins the elections. I would short the defense sector.