taxed2much's Comments

Outlook for Precious Metal Miners Post Earnings

Fri, 11 Sep 2009 15:50:36 -0400

RBY-also

Prepare Yourself for the Inflation Invasion

Mon, 24 Aug 2009 09:27:37 -0400

You have been tricked into believing what you do about money. The price or cost of things in the marketplace has not risen actually. The reality is that their cost or price, whatever it is commands, still will fetch the same value in other items if traded. Think of it like this: Today a 1oz. silver coin at its face value in weight content will buy about $14 federal reserve dollars. You can still use that coin to buy $14 dollars worth of goods even though its face value says $1. Knowing this, it means that the value of each federal reserve dollar is worth less, not that the things we buy have risen in price. You can make this correlation to any commodity or hard asset. Inflation is only the increase of supply, which causes a decrease in value. The descriptions given to the economy and the transactions we make using their fiat currency ONLY pertain to the currency. Not the goods or services we buy. Inflation-more fiat currency. Deflation-less fiat currency. Stagflation-Increased fiat currency left in the banks to cover bad assetts so as to disallow their failure while at the same time transfers more wealth to them by foreclosures, job loss, defaults of every kind on loans, higher interest rates and fees banks charge, slowing credit to business in order to sit on their pile to cover their ever growing list of toxic assets and all those other things they do with the help and cooperation of the gov't that is supposed to be by the people for the people.

On Aug 23 07:49 PM Khyber Pass wrote:

> Those who say there's no inflation must not buy groceries, pay ever-rising
> property taxes, or shop for shoes, or pharmacy products. The basics
> are inflated. It takes 100 dollars to buy what fifty did a couple
> of years ago. All my bills are rising, while my income shrinks thanks
> to reduction in interest levels to the point that a mayo jar buried
> in the back yard will pay better dividends than a bank account in
> a few months. And if I don't get my bank stocks sold PDQ I'll lose
> what i have invested there when the bank gets taken over by the feds.
> As it surely will, based on the latest quarterly report data.
Of
> course metals are taking off. they are essential, no matter how bad
> things get. And the chinese are buying them up fast as they can,
> running up the price.
> Those of us who shop for the basics know inflation is here, the govt.
> just doesn't count it. We know there are statistics, damn statistics,
> and lying statistics, and recognize them when we see them.

Brazilian ETF Showing Rare Diamond Pattern

Tue, 11 Aug 2009 23:18:38 -0400

"rare pattern" equates to the pattern rarely seen and thus not a solid pattern to consider anyway. Besides that, your diamond doesn't quite resemble a diamond does it? Try looking at it in other chart software. It's not even close to a diamond. Where did that chart software come from anyway? A personal theme you implement maybe? Hey fg, there's a reason the word analyst is spelled containing the word anal.

A Quick Look at the New Housing Number

Tue, 28 Jul 2009 05:23:13 -0400

I guess as long as washington keeps stealing our money by printing it and just giving it to the banks, the banks will take it and hold it and not lend it out nor will they foreclose. that way they stay afloat on paper and don't have to worry about those hard assets in property foreclosure loss. Keep pretending the elephant is not in the room and maybe no one will see it. When they do see it tell them they are hallucinating and print more money to distract them. When that money loses all its value through inflation, run for office and make promises to all for whatever you think will get the vote. People are stupid these days and will take the bait again and again. It is impossible to avoid being fooled with everyone playing a game to fool you about anything and everything. Therefore take heart that you are not stupid at all, just the target of every huckster who wants to gain your trust for whatever reason. The hand is quicker than the eye. Look it's not an elephant, it's a figment of your imagination cause you're really just waking up from a dream. All is well, here, have a glass of kool aid to quench your thirst.

High Frequency Trading: We Fear What We Do Not Understand

Tue, 28 Jul 2009 04:29:33 -0400

The people here who think HFT means a guy at a computer trading in and out of different positions need some clarification. HFT means those big firms with computers the size NASA used to get men on the moon utilizing programs that can trade multiple positions on both sides of the same stock or commodity or option etc. Both short and long in a flash in order to move prices to gain a penny here and there on the bid ask spreads. The volume this creates is great for the liquidity factor but at the same time creates false price fluctuations through the fake supply and demand being created from nothing to be nothing. When firms can trade this way it is manipulation clear and simple. It is not level playing fields. Now if those firms have better computers and people manning them that place their trades instead of the computer inputting trades then that would make the playing field more palateable to traders and investors. (It would actually make investing a viable strategy again). KD certainly does have an agenda, it is to further his buddies bank accounts at GS. He probably is on the board of one of their charity foundations they create constantly in order to lobby Congress and create public awareness of something made up like global warming to further inflate their pockets at the expense of everyone else. KD thinks there is no manipulation by these computers in the bid ask spreads. If this is true then what is the problem of getting rid of them? There is no difference with them there, then there should be no difference with them gone. This of course is a ridiculous statement. We all know those computers constantly manipulate those prices and here is how I know they do. When a bid is placed on an option and the ask suddenly goes up and yet there is no more volume than when that bid was placed, that is manipulation. The bid given was the current ask, the bidder gets screwed into chasing a higher ask price if they want that option contract. The bidder can always say "screw this crap " and not play that bulsit game, but the fact is that the computer taking the orders and filling them is manipulating that price to give the owners of the exchange or firm selling that option more than what they were asking for that option when the bidder said to himself "yes, I will accept that asking price." The ask should mean the ask. It should not be allowed to raise it when there are no other bidders and you submit at the price they are asking. That is manipulation of the CBOE option computers. If KD ( or any for that matter) thinks it is fair to just operate the industry like that, then heck, why not just empty our bank accounts and send it all to GS and the other firms committing these acts of unfair and unethical market manipulations. They are going to end up with it anyway so what difference does it make? Now as for the suggestion to tax the bejeezus out of HFT in order to curb the practice. I can not disagree more. Taxes as those will only be passed along to the people who pay taxes, people pay taxes, not companies. People do, no plant, animal and no thing else but people. That aside, what good has any extra money going to any government agency ever done? I say it has done much harm and no good at all. If a tax like that does get on the books, where is the line drawn on holding time? Milliseconds, seconds, quarter minutes, half minutes, minutes, etc.? Even if the tax is only for the computers doing the actual HFT, I must point out my previous fact about who pays the tax in at the bottom line. Not anyone associated with the money generated from that HFT. NO NO NO. It is the people in the public who own shares in the funds and stocks traded by those HFT. anyone who wants to raise a tax or create a tax in order to punish is a complete fool and should take a course in finance or do some reading on how the system of money actually works.

The Internet Is Alive and Well (as an Investment)

Thu, 23 Jul 2009 11:27:39 -0400

I did see a street video where Altucher was recommending SOHU about three weeks ago.

Options Trader: Thankful Friday

Fri, 15 May 2009 03:07:42 -0400

On May 10 09:47 AM dplrx wrote:

> I was wondering if anyone could explain to me how FAZ\SKF are well
> BELOW their inception prices when almost NONE of the banking stocks
> are anywhere near their prices of a year ago? I understand some of
> it has to do with the 2xx multiplier they are based on but if anyone
> has a good explanation for a newer investor, I would appreciate it.
> Thanks
Its the multiplier and also the manipulations the FED and this administration has done with the banks. when they basically told the banks to mark their piles of doodoo at whatever price they felt (would keep them from imploding) and the FED handing over billions of dollars in free money(it will never be repaid by half who take and the returns on the investment in the ones that do repay will never be seen). Those two things alone have made the financial ETF's behave very contrary to how they should have.

The U.S. House approves a bill to create a commission investigating the global financial crisis.

Fri, 08 May 2009 12:15:45 -0400

Figures, another example of either getting there just AFTER the knick of time or being so late they now want to make a grand entrance. Of course this is just par for the Pelosi way of getting important stuff done like naming and re-naming post offices across the country. These boobs need our undivided attention the next election cycles. All of them need to be replaced except for a small handful of about 5. The rest can go bye bye.

Why This Rally Is Unsustainable

Mon, 04 May 2009 17:15:58 -0400

Something everyone is forgetting. When the markets came down to their lows in March from back in August of 08, all the wealth that was just disappeared into the void of nothing. This means the money some here are talking about waiting on the sidelines for the right moment is not even there. Except for limited amounts as compared to what was available back in mid 2008. At least to the non-financial side of the markets it is. Now the inflation that is now being talked about and how all the money being printed day and night will cause such inflation in supply that we are sure to see soaring interest rates and commodity prices. This won't happen because the money being printed and given to the banks is replacing money that disappeared into the void I spoke of above. The reason why we won't see much inflation if any is because the amount of money that disappeared is a lot more than the Fed can print up anytime soon. The real people who will be losing in this time of our lives are the ones with nothing but savings type investments like savings accounts, T-bills, and CD's or nothing at all. The suspension of the mark to market rules gave these already manipulative money pits the complete ability to show what is in their left hand while pulling the rug out from underneath whoever is looking. It is slight of hand without the slight really. They are showing us a turd and calling it a gold mine.
As for the doofus Smackdown, you're way off on your assertion that Republicans manipulated the markets to fall. Not one politician wanted the markets to fall, it only causes the politicians to lose their jobs. And to even think that a Democratically controlled Congress over the last two years of Bush's term had nothing to do with the markets downfall is just plain stupid talk. Or rather it is just you being led by the nose by the media. You only get told what they want you to hear. That is bad and will cause you to end up making a bad investment decision eventually if not already. Remember it is Frank, Dodd, Pelosi, and Reid along with Rangle, Waters, Hillary and many more Dems who took all those dig handouts from the Mae and Mac belly ups.
Author- stick to your analysis. Add in the empty hole being filled by the Fed and it might change your outlook to something of a more conservative nature. If only because the things or manipulations that the Fed and the President are able to implement are not only huge and unprecedented, but also no one knows what will be done next. If you were short before this rally began, you were hurting before it even started. Everything got revalued on the puts and short sides big time. Then the rally came and for all the signs that said shorting was right( and it was) all were negated by the decisions made up high. So good luck to shorts. If they begin to win, the ones in charge will just make the change to turn it to the long side. Manipulation at its finest.

Own Gold? Time to Fold

Fri, 19 Dec 2008 17:33:08 -0500

AB wrote:The government is not printing money right now. Simplistically, it may seem like "Helicopter Ben" is dropping bags of cash into the parking lots at the malls, but that isn't the case at all. We are simply replacing private capital with public capital, which isn't in and of itself inflationary.

The government is printing money. They are using it to pay loans we take with China and other countries that still hope the dollar will retain enough value for them to collect on those loans. This is one reason why China holds so many trillions of our dollars in reserve.Yet with Ben and co. printing to pay, they effectively are just devaluing the current currencies in circulation. Another reason you don't see those printed dollars is because they are not in circulation as of yet. Those dollars not sent abroad to pay for debt are being held by the banks, the whole reason we have a credit crunch. Banks won't lend to each other because they fear the borrower can't repay, they also fear that the default will be caused by the dollars drop in value to a degree that no amount of dollars will be enough. Therefor the banks are using that money to pay bonuses and salaries and to purchase solid backed investments like other lenders with good balance sheets. No loans=no new currency=dollar retains value. With that strategy the best the banks can hope for is that the dollar gains more strength so they can begin to lend again with the confidence they will be repaid. Of course this only scratches the surface of the financial problems and the conundras the bankers find themselves in. I have read elsewhere that the govt. may revalue gold at $5000 an ounce or higher. Then sell some or use all as a way to lower the deficit numbers. This would be completely artificial because gold would eventually return to its fair price. And of course that would put the US into an even higher amount of debt because we all know they would never think of not spending more and using the created new wealth to reduce the debt. If this should happen, anyone who has gold or buys now until then will make a mint if they sell at that point. I definitely would not count on it to happen though. Like I said, just a rumor I read on some site. But the printing of money to pay our debt to other countries is real. Kaboom!!

Don't Let Bulk Shippers Sink Your Portfolio... For Now

Wed, 12 Nov 2008 14:22:01 -0500

How does the covered call options and long in the stock work? Can someone explain it thoroughly? Just not too thoroughly. I don't want info overload. First let me see if I have it right though.
You buy or own the stock at say 45.00
You write a call with a strike of 35.00. This would give the writer the option to buy at 35.00? Or having written the call option, if it get excercised the writer then has to purchase the stock at 35.00 from someone excercising their option? Wait I've got it backwards don't I? Owning the stock at 45.00, then the stock owner would write a call for a higher strike price. 55.00. So when someone buys the call option, the stock owner first gets the premium and if someone exercises that 55.00 call, then the owner/call writer has to sell his stock he paid 45.00 for to the option buyer for 55.00. A profit in premium received and on the appreciation (22%) in the stocks price? Although the stock probably will not change hands. The option will just expire worthless and the writer still has the premium he got for writing the call.
Now one other thing, does the call writer write those calls close to expiration? Or I guess that is dependent on what amount of time you are willing to tie you money up for. Closer expirations will sell for less and further ones more but there is the chance the further out, the stock price could actually go above the writers call of 55.00. He would lose the stock and any gains it has. But still gets the option premium plus gets the price he paid for the stock to begin with plus the extra he wrote the call above his price (22%)? How can you lose in this type of trade? Is there any way? Most important though, do I have this right? Please correct me where wrong. And thanks in advance.

Nation's Debt: It's Not Being Rescued, It's Being Moved Around

Fri, 10 Oct 2008 21:27:48 -0400

Does the recent way the gov't (recent, try the past 40 years but 20 in particular)has been systematically finding ways to collect tax money and spend it in ever increasingly large chunks in ways that are just so stupid, most of us were voicing the opinion to not pass the recent bailout? That one just completely pissed me off, to allow the regulator BArney Frank anywhere near the bill to bail out the financials who made their own bed of gnasty with the regulators right there every step of the way doing nothing at all but skimming from all sides. So far they have done nothing but throw good money after bad with the same result every time they do it. More money us American tax paying citizens get stuck paying. Well...
It makes me want to go to washington DC and just find a group of our elected officials and begin uncontrolably vomiting and spewing monumentous amounts of chunk all over them. I would hope this impossible feat would I be able to maintain for at least 10 whole minutes. Chasing them and spewing ridiculous amounts of bile and spunge clods upon their heads and persons completely and thoroughly soaking all who have ever written in an earmark or subsidy or a handout to a lobbying group all the way through clothing to the skin with puke. I think that might make alot of us feel better and would get the message across that we as a Nation are fed up with how our lives are being ruined by their innane repetitous inept (but carefully planned to benefit them) policies that do not help anyone in this country without it benefitting them first. Yes they make me sick. They should do the same to you and I hope I see you there vomiting your spew chunks of partially digested cottage cheese and omlettes with bell peppers upon another many shamefull disrespecting politicians. Do it at the local and state level too cause those idiots have been copying Main St. all along. Puke Puke and puke some more. Tell them what you really think and feel. Let them feel it too!

Barf for change. Barf for change. Barf for change. Barf for change.
?:^O> lwolbrrrrgrrggrgaburrg... ?:^O>
Barf for change. Barf for change. Barf for change. Barf for change.

My name is Matt and I approve this message....gluuurrpuhd...

Candidates' Economic Advisers Debate

Fri, 10 Oct 2008 21:24:19 -0400

Which Candidate Will Get to Spend the $700 Billion?

Fri, 10 Oct 2008 03:02:12 -0400

THIS IS THE ONE THING THAT CAN AND WILL WORK IF IT IS DONE

I came up with this as I was reading along and knowing and seeing this whole scam unfold through the past couple weeks and months and years. It really would work if you think about it. Direct in your face unsubtle demand for change in the direction that benefits America and it taxpaying citizens. Well it may not be entirely possible per the extended time involved but get enough people to do it randomly and they would start to take note of it. Getting sick is not a crime, but it sure can be gross. Thus...

It makes me want to go to washington DC and just find a group of our elected officials and begin uncontrolably vomiting and spewing monumentous amounts of chunk all over them. I would hope this impossible feat would I be able to maintain for at least 10 whole minutes. Chasing them and spewing ridiculous amounts of bile and spunge clods upon their heads and persons completely and thoroughly soaking all who have ever written in an earmark or subsidy or a handout to a lobbying group all the way through clothing to the skin with puke. I think that might make alot of us feel better and would get the message across that we as a Nation are fed up with how our lives are being ruined by their innane repetitous inept (but carefully planned to benefit them) policies that do not help anyone in this country without it benefitting themself. Yes they make me sick. They should do the same to you and I hope I see you there vomiting your spew chunks of bile upon another many shamefull disrespecting politicians. Do it at the local and state level too cause those idiots have been copying Main St. all along. Puke Puke and puke some more.

Barf for change. Barf for change. Barf for change. Barf for change.
?:^O>bbbbweawoowwew... woewaowaofofoeiossssssdsspsppslstsplatsplatptooey. ?:^O>
Barf for change. Barf for change. Barf for change. Barf for change.

Government Intervention and the Irony of Modern Capitalism

Fri, 10 Oct 2008 02:54:47 -0400

it makes me want to go to washington DC and just find a group of our elected officials and begin uncontrolably vomiting and spewing monumentous amounts of chunk all over them. I would hope this impossible feat would I be able to maintain for at least 10 whole minutes. Chasing them and spewing ridiculous amounts of bile and spunge clods upon their heads and persons completely and thoroughly soaking all who have ever written in an earmark or subsidy or a handout to a lobbying group all the way through clothing to the skin with puke. I think that might make alot of us feel better and would get the message across that we as a Nation are fed up with how our lives are being ruined by their innane repetitous inept (but carefully planned to benefit them) policies that do not help anyone in this country without it benefitting themself. Yes they make me sick. They should do the same to you and I hope I see you there vomiting your spew chunks of bile upon another many shamefull disrespecting politicians. Do it at the local and state level too cause those idiots have been copying Main St. all along. Puke Puke and puke some more.

Barf for change. Barf for change. Barf for change. Barf for change.
?:^O>bbbbweawoowwew... woewaowaofofoeiossssssdsspsppslstsplatsplatptooey. ?:^O>
Barf for change. Barf for change. Barf for change. Barf for change.

Investment Ideas For Hard Times To Come

Fri, 10 Oct 2008 02:51:33 -0400

The regulators have failed and failed and failed and failed and failed and failed. Why? Because the answer and solution they use every time is the same. It never changes. They are manipulating this crisis to their eventual takeover now of all banks, not just the failing ones. How's that for a fix. We control the money the money supply, the rates on the money, when and who gets the money, how much to spend of the money and soon they will be taking all our money and yours. This takeover of the banks does a huge thing for the politicians: if that happens the banks and IRS will be blended to automatically confiscate any sign of wealth you may be accumulating in a manner they might not approve of. Although our money says "for all debts public and private", this has not been true for a long time. Not since the IRS and Congress took such wide view control over collection and rights to and of course estimated quarterly (Ie. weekly payroll taxes)tax payments to them. They have grown so accustomed to this pilage and plunder every last cent they think is left out here, they have started to eat their own tail so to speak. Soon there will be nothing left but nothing. Total deflation is almost upon us and actually is in stocks and the other markets. It is too bad too. All they had to do, and they knew this and so did those few in Congress that tried to hold out against this felonious money grab from the taxpayers, all needed was a few changes in some of the accounting laws that prevent these large companies from absorping the losses in their wholly owned subsidiaries and the repeal of all the capital gains tax at all levels. Instead they ran through this poop noodle law with so much in earmarks and pork it makes me want to go to washington DC and just find a group of our elected officials and begin uncontrolably vomiting and spewing monumentous amounts of chunk all over them. I would hope this impossible feat would I be able to maintain for at least 10 whole minutes. Chasing them and spewing ridiculous amounts of bile and spunge clods upon their heads and persons completely and thoroughly soaking all who have ever written in an earmark or subsidy or a handout to a lobbying group all the way through clothing to the skin with puke. I think that might make alot of us feel better and would get the message across that we as a Nation are fed up with how our lives are being ruined by their innane repetitous inept (but carefully planned to benefit them) policies that do not help anyone in this country without it benefitting themself. Yes they make me sick. They should do the same to you and I hope I see you there vomiting your spew chunks of bile upon another many shamefull disrespecting politicians. Do it at the local and state level too cause those idiots have been copying Main St. all along. Puke Puke and puke some more.

Barf for change. Barf for change. Barf for change. Barf for change.
?:^O>bbbbweawoowwew... woewaowaofofoeiossssssdsspsppslstsplatsplatptooey. ?:^O>
Barf for change. Barf for change. Barf for change. Barf for change.

Don't Blame Deregulation For This Crisis, It's All About Lack of Regulation

Tue, 07 Oct 2008 22:47:36 -0400

Above where I wrote less regulation is unacceptable I meant to say that less regulation is needed and more punishment of the harsher variety is needed. Sorry to confuse.

Don't Blame Deregulation For This Crisis, It's All About Lack of Regulation

Tue, 07 Oct 2008 22:37:38 -0400

For readers who had a hard time following this article and who was writing what, here's part of the article mentioned but left out. Giving me and probably every reader the strong feeling of bias writing by the author. I must say I am biased to the facts presented in the article left out because when I ask myself who was doing the regulating, and who is in charge of the whole show? It is the Democrats. They control both houses of Congress with an iron claw. The banking and finance committe is largely democrats and the chair is Barney Frank. Pelosi won't allow anything Republican party oriented to the floor in the House and won't allow voting on anything of substance that has even a chance of getting through appropriations. She is good at renaming post offices and real needed other legislation like what? the bailout passage that every person with half a brain knew would do nothing to save the markets. How anyone can think having the orchestrators of the mess try to orchestrate its fix using the same methods that caused the problems is beyond me. I just do not understand why the people in this country will not stand up and shake the living crap out of the politicians in office. This problem is one thing that the media has called right when they say it is about greed. They just never mention the greed orchestrators who are supposed to be regulating the whole banana. Less regulation and more consequence for the ones causing mine and yours financial independence to disappear in the matter of days is unacceptable and those in the seats of charge should be held accountable with severe punishment, fines, jail time, and restitution, oh and reform classes when they do get out of jail. These people are no less than a common thief who steals from the corner store or breaks into a residence to burglarize for self gain. Same result to the homeowner or business owner-they have some of their wealth stolen. The regulators wrote the laws to their own advantage and got caught up in the greed it generated. They are all beyond wealthy, the ones who are for the bailouts and farcicle regulatory agencies and policies. The ones who are not been for the bailouts had their arms twisted when the greased palm was not enough. Stand up and vote them out of office since the legislators will never punish the regulators who of course are one and the same. Now that part of the article aforementioned:

Rather, the key financiers were the ones who bought the toxic mortgage products. If they hadn't been willing to buy snake oil, nobody would have been peddling it.

Who were the purchasers? They were by no means unregulated. U.S. investment banks, regulated by the Securities and Exchange Commission, bought piles of toxic waste. U.S. commercial banks, regulated by several agencies, including the Fed, also devoured large quantities. European banks, which faced a different and supposedly more up-to-date supervisory scheme, turn out to have been just as rash. By contrast, lightly regulated hedge funds resisted buying toxic waste for the most part -- though they are now vulnerable to the broader credit crunch because they operate with borrowed money.

If that doesn't convince you that deregulation is the wrong scapegoat, consider this: The appetite for toxic mortgages was fueled by Fannie Mae and Freddie Mac, the super-regulated housing finance companies. Calomiris calculates that Fannie and Freddie bought more than a third of the $3 trillion in junk mortgages created during the bubble and that they did so because heavy government oversight obliged them to push money toward marginal home purchasers. There's a vigorous argument about whether Calomiris's number is too high. But everyone concedes that Fannie and Freddie poured fuel on the fire to the tune of hundreds of billions of dollars.

So blaming deregulation for the financial mess is misguided.

Hedge Fund Tracking: Tontine Partners

Tue, 07 Oct 2008 17:34:25 -0400

valueinvestor123- I would much rather have someone post relevant facts instead of their opinion with no backing. If you post as you do without any backing to your statement, no one listens and no one wants to hear it anyway. You say Gendell concentrates on financials and this is why he holds so many banks. This point is stupid because his top holdings have nothing to do with banking or the financial sector. they're all steel except for one at number 4(also not a financial). So your original thought is really just erroneous babble that could actually cause some investor to make a bad decision. Which there is way too much of to try and read through when researching. Thanks Market Folly for the willingness to find this info and compile it and post it WITH some of your original thoughts on the relevant facts you write of.