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ebworthen

ebworthen
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  • In the two decades through December, the average return of all investors in U.S. stock mutual funds was an annualized 4.25% vs 8.2% for the S&P 500. That translates into a difference of $25,467 for an investment of $10,000. "The dismal truth is that over the long run, the average person is a woeful investor," writes the NYT's Jeff Sommer. [View news story]
    The stock market is a Ponzi - it is designed to take money from investors by using their money as leverage to gamble to benefit the banking houses (funds).

    It is additionally bled for fees, and for most is trapped.

    The average investor loses because they aren't on the inside track of HFT algo's and the constant manipulation.
    Mar 10 04:08 PM | 4 Likes Like |Link to Comment
  • Market recap: Optimism over the positive jobs report helped push the Dow to another new high and the S&P within 13 points of a record close. U.S. labor markets clearly are making progress, but likely not enough to convince the Fed to pull back early on its easy-money programs. Yields on 10-year Treasurys touched an 11-month intraday high as investors fled safe-haven assets. [View news story]
    The markets are not the economy, and it isn't liquid money it is trapped for the majority.

    Truck tonnage = Spring inventory stuffing, not sales.

    Corporate profits are not a measure of economic health.
    Mar 10 03:16 PM | 1 Like Like |Link to Comment
  • Dow Reaches New Heights - Is The End Near? [View article]
    "...not seen since 2007" being the operative term.

    I hope people can see the second bubble being blown to epic proportions, worse than 2007, labor participation rate at historic lows, $6+ trillion more in debt.

    There should have been no bailouts, no FED intervention, no QE, and people like Jon Corzine and the LIBOR riggers should be in jail.

    They have forestalled consequences for the malfeasant banks - rewarded them for their legerdemain and skullduggery - and passed the cost to current and future generations.

    If their goal was to create an epic collapse of trust and belief in Capitalism and the nation itself, and drive the economy into a bigger bubble crash than 2007, they have and will succeed.
    Mar 8 04:48 PM | 3 Likes Like |Link to Comment
  • Market recap: Optimism over the positive jobs report helped push the Dow to another new high and the S&P within 13 points of a record close. U.S. labor markets clearly are making progress, but likely not enough to convince the Fed to pull back early on its easy-money programs. Yields on 10-year Treasurys touched an 11-month intraday high as investors fled safe-haven assets. [View news story]
    Cotton candy markets, employment not even keeping pace with population growth, labor participation rate at historic lows, Food Stamp (SNAP/EBT) participation at all time highs.

    The economy is still in recession.

    "Pay no attention to the man behind the curtain pulling levers to make flames and blow smoke!"

    2007 all over again, but worse.
    Mar 8 04:39 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    blueline - Yes, amazing, and the President gets to define "Combat" on American soil. Next we'll have to house and feed BATF, DHS, FBI, and SWAT agents.
    Mar 8 04:34 PM | Likes Like |Link to Comment
  • Eric Sprott: Central Bankers Are Gaming Gold [View article]
    Physical posession, yes.

    I vote with physical PM purchases.

    I am voting to not buy equities, and not support the FED Ponzi scheme.

    The equity markets are broken and corrupt.

    Corzine and a complicit J.P. Morgan Chase that vaporized $1.2 billion of investor assets is reason enough (amongst the many other reasons) to stay out of the Wall Street casino.
    Mar 5 02:16 PM | 6 Likes Like |Link to Comment
  • Is The Stock Market Cheap? [View article]
    Yes.

    The true peak will be when the FED has suckered retail investors back in; and the insiders and hedgies can sell what they want to them and the captive IRA, 401K, and Pension money.

    Then it will be time to crash the markets again, more bailouts, more QE, more privatized gain with socialized losses.
    Mar 5 02:05 PM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Spielcheck?

    Kidding, mine is working, try flushing your cash...er...cache.

    Refresh the page, restart your browser, restart machine.

    Food for thought: Gold approaching 200 DMA after crossing the 50 DMA.

    Last time it did this was the equities crash of 2008.
    Feb 21 09:25 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Just a heads up: Gold spot prices approaching 200 DMA.

    Last time this happened was the equities crash of 2008.
    Feb 21 09:22 AM | 2 Likes Like |Link to Comment
  • Apple (AAPL) is indeed thinking of selling an iWatch, both the NYT and WSJ report. Sources claim Apple is experimenting with iOS-based watches made of curved glass, and has discussed the matter with Foxconn. If an iWatch ever arrives, there's a good chance it will use Corning's (GLW) Willow Glass, which was created with bendable displays in mind. Former Apple UI designer Bruce Tognazzini recently predicted an iWatch will arrive, while providing a long list of apps/services it might support. [View news story]
    chancwill - I said "Do your own research..."

    Watches are considered un-cool and old-school.

    I'm sure that you and the crowd you hang with wear watches; are you and your crowd the age 17-25 throng of consumptive automatons that Apple depends on or different?

    Like I said, do your own research, make your own observations, and ask around.

    I think the iWatch is the dumbest idea I have heard from any tech. company in a very long time.
    Feb 11 01:26 PM | 1 Like Like |Link to Comment
  • Apple (AAPL) is indeed thinking of selling an iWatch, both the NYT and WSJ report. Sources claim Apple is experimenting with iOS-based watches made of curved glass, and has discussed the matter with Foxconn. If an iWatch ever arrives, there's a good chance it will use Corning's (GLW) Willow Glass, which was created with bendable displays in mind. Former Apple UI designer Bruce Tognazzini recently predicted an iWatch will arrive, while providing a long list of apps/services it might support. [View news story]
    An iWatch?

    Apple is going off the rails without Steve Jobs.

    The new generations don't wear watches, they are "old school".

    If they have an iPhone, why would they buy an iWatch?

    Do your own research and look and see how many people under 35 wear a watch.

    What next, an iCalculator?
    Feb 10 03:41 PM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Nothing was solved, taxes raised, Republicrats fold (again), cotton candy markets go up.

    S.S.D.D. on the U.S.S.A. Titanica.
    Jan 2 12:53 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Fiscal Cliff?

    They're getting everyone whipped up into a froth, until even the most uninformed plebian will be heard to say "we have to do something about the fiscal cliff".

    Then, CONgress will pass higher taxes on everyone, cut already taxed entitlements, move retirement age to 70, and take away more individual liberties.

    Our society is NUTS, NUTS, NUTS!!!
    Dec 31 12:21 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The Republicrats and Demicans are in on this together to ensure the well-being of bankers and Wall Street; main street is the real Donkey.

    Politics is the distraction.
    Dec 6 03:40 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    AMD is ahead of Intel in combined CPU/GPU architecture.

    If Intel isn't moving into the mobile space with low power combined processors and related architecture they are boneheads.
    Dec 6 11:01 AM | 2 Likes Like |Link to Comment
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