James G

The Coming Depression: See It Clearly Through Historical Eyes

The republicans spend our money foolishly. The democrats are more efficient, they just give it away.

Charlie Gasparino: Another Crash 'Has to Happen Again'

The three illusions that lead to destruction are Glamour, Glory, and Greed. The most destructive is Greed for it has no pretense of Love.
...James E Gambrell

Falling Dollar: Finally Front-Page News

When you find yourself in a hole the best thing to do is stop digging!

America cannot continue to discount its labor, commodities, real estate, corporate stock and other assets. We are sending a message to the world that we do not respect our workers, our citizens, our corporate structure and worst of all, ourselves.

America should not be for sale at any price, much less at a 40% discount. This inequity exists only because international politicians owe favors to their international friends and financial backers.
There is no logical reason the dollar should not be equal to, or greater than, the Euro.

The collapse of the World Trade Center was obviously the actions of physical terrorists. The actions of the financial terrorists are not so obvious. Will americans react soon enough to prevent the collapse of the dollar, the collapse of capitalism and democracy?
...James E Gambrell

United Socialist States of America? Not Quite

Yes, we are not The United Socialist States of America, yet. It is the vigilance of us all that will prevent such a horrid occurence. Greed and tyranny recognize no boundaries so it is the duty of those who love our liberties to remind would be tyrants the we are standing watch and willing to take action whenever they approach the legal (constitutional) limits.
The constitution is a living, breathing entity with the heart of this nation and the breath of its people. May justice be swift to those who violate its body.
James E Gambrell

The Deflation Scam

It should be understood that inflation is not a natural occuring event but is a strategy to control state and federal revenue. Evaluations and consumer prices are ways of applying an alternate tax. This is the cruelest tax of all for it is an indirect tax on discrertionary income and is disapportionary to the poorest of our citizens.
Supporting inefficient industries by authorized agents is inflationary.
GM and Chrysler are bankrupt. Not declaring bankupty does not change this fact. Borrowing from your neigbors when you can't pay them back is charity. It is honorable to be charitable but it is not prudent to "...cast your pearls before swine".
These companies' assets should be sold to the highest bidder. The proceeds of the sale should be paid first to the bond holders and any remains paid into the workers pension fund.
America needs a certain number of auto workers and that does not depend on the name of the company that employ them. The principles of economics such as supply and demand, cause and effect, does not change to suit the needs of the ignorant. Ignoring these basic economic principles in a democratic capitalist economy produces inefficiencies and puts an unjust burden on the american citizens. Those who support these inefficiencies are endangering our basic freedoms and contributing to the corrruption of our great nation.
...James E Gambrell

Cramer's Lightning Round - Amazon Is a Gift (12/18/09)

Remember when Cramer expected Sears to go past $200. Now he is touting Amazon which is three times overpriced, as Sears was. This man does not understand retail. James E Gambrell

Looks Like We'll See Dow at 10K - Soon?

That is wishful thinking, not good charting. If, and only if the Dow hits 10,000 would we have formed a new trading range and even then a trading channel would not be established. The trading channel is formed by the latest three highs and the latest three lows. Look again, they still point downward. It wil take more than a "blip" to reverse the downward trend. We will need three higher highs confirmed by at least two hlgher lows to indicate a change in trend. Don't try to tell the market what to do.Let It tell you what to do. "The trend is your friend."

John Hussman: Timothy Geithner Meets Vladimir Lenin

Great article! I wish every congressman would read it.

Economy Watch: What if Stocks Were Priced in Gold?

Does it really matter if the dollar drops against gold if the yen and euro also drop? All foreign exchange eventually have to trade against each other, not commodities or metals. Rising gold will only bring about equalibrium of currencies.Look for the dollar, yen, and euro to equal after the gold dust settles James E Gambrell

Will 2009 Bring Ring Three of the Financial Circus?

After looking at all the arrows in the financial quiver I could not find any one of them pointing up. It seems to me the only action available is to stick one through the quiver sideways. The stock brokers will be taking their best shots. That is their job so they need to recommend something. Look for their selections to be companies paying relatively good dividends and having a stable balance sheet. Lowering dividends in this declining market amounts to capitulation.
In the land of the blind a one-eyed broker is king.
. James E Gambrell

GMAC Bailout Flaws: No Appreciation of History

Why does Bernie Madoff and the security regulators show no remorse? It is because the corrupt will always lead the corruptable. Morality is relative. When the immoral lead the lawful, the lawful becomes the criminals. These criminals have been the leaders of financial corporations and government agencies for many years. This greed will continue until these criminals have all the usable assets of the citizens, then it will cease and the criminal legislators will claim they are coming to the aid of american citizens. Of course they will come to our aid, for unless we begin producing again they will not find anything worth stealing. Relax, "good times are acoming"

A Not-So-Merry Christmas for Retailers

Amazon's picking-and-chosing of what numbers to report to the public reminds me Madoff's tactics to fool his investors. "Figures don't lie but liars figure.". This kind of reporting by Amazon and their ilk is why the public is growing more fearful and seeking a safe haven for their investment dollar. I would guess that over half of this years maket decline is related to fear and mistrust. "Screw me once, shame on you. Screw me twice shame on me."

Cramer's Lightning Round - Amazon Is a Gift (12/18/09)

When to sell Amazon?
No certain stock has certain rules, none are special. There is only one sell rule: "Know the reason you bought the stock. When that reason no longer exists, sell the stock." James E Gambrell

As the Dollar Rises and Gold Falls, Should We Get Ready for Fed Rate Hikes?

At some point traders will remember that cash is a commodity and that the dollar is under-priced. It is the ideal commodity; easy to store, easy to move and doesn't spoil easily.
Why sell the dollar for seventy cents in Europe when it is worth more than that at home? If the rest of the world wants the fruits of American labor they should be glad to pay full price.
How long should you continue to support and defend those who treat you like a fool. James E Gambrell

How Will Markets React to a Dollar Rise?

Dollar, euro, 100yen at par before 2012 election.
One major currency without changing name.
Interest rate stable/invariable; +/- .25%
Out on a limb?..James E Gambrell