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marketman54

marketman54
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  • GMAC and the U.S. Government - Something Stinks [View article]
    Why do you need GMAC with all their toxic mortgages and auto loans. Let them go and let GM go with it.

    I am tired of saving these worthless companies, EAT or BE EATEN!
    May 12 10:47 PM | Likes Like |Link to Comment
  • Credit Card Receivables: Even Moody's Thinks the Fed's 'Adverse Case' Is a Joke [View article]
    The author makes a great point - DON'T TRUST THE CREDIT REVIEW AGENCIES!!

    On another note, I feel that we are pretty much being lied to by our governrnent about every indicator and indice.

    As unemployment continues to go up, the banks will be buried in even greater mortgage defaults, credit card defaults, auto loan and auto lease defaults. Commercial real estate defaults are just starting.

    The housing industry is in shambles, new housing starts stink.
    GM and Chrysler are history.
    GE is just a year behind GM.
    Retail is in the toilet.
    What travel industry?
    Manufacturing is slowing to a crawl - consumers have disappeared
    Hi Tech is smoke and mirrors.
    Financials lost all clarity.
    The insurance industry is next in line for a dive.
    AIG, FAN, FRE, are they still in trouble?? You bet.
    Uncle Bernake printing money faster than we can get the paper in the presses.

    Someone tell me when it will be a full time DEPRESSION.
    May 12 10:43 PM | 1 Like Like |Link to Comment
  • Rising Treasury Yields Could Mean It's Time to Short Them [View article]
    I disagree with you Thiazole. When you print more money, say $7 trillion and throw it into the pile, you dilute the value of the existing money supply. Just like Ford did today by offering 300 million new shares. The dollar is worth less because there are more dollars out there.

    If the dollar is worth less, then it will buy less. Therefore it will take more dollars to buy the same item - that's inflation and it's gonna be just like Jimmy Carter inflation in the early 80's.


    On May 12 10:35 AM thiazole wrote:

    > reluctantQuant, look at the lifetime chart of 10 year treasury notes
    > (^TNX on yahoo finance). The rates ARE historically very low. I wouldn't
    > hesitate to buy a short treasury fund right now (and own a fair amount
    > right now). Yeah, you missed the bottom, but that isn't a good reason
    > to just sit on the sideline.
    >
    > I love how some people on here think that the recession can get worse
    > AND we'll see inflation at the same time. You can't have it both
    > ways. You can have stagflation (ie, stagnant economy and inflation)
    > but if people aren't buying, then prices aren't going up. Increasing
    > the amount of money in the money supply doesn't just magically make
    > prices go up - people have to use that money to buy stuff and create
    > shortages.
    May 12 10:27 PM | Likes Like |Link to Comment
  • U.S. Dollar Index Enters Downtrend [View article]
    You can't print $7 trillion and not have this happen. We will be in for some major inflation in the next 6 to 12 months. There is nothing that Bernake will be able to do to stop this beast.
    May 12 10:20 PM | 4 Likes Like |Link to Comment
  • Tuesday's Closing Update [View article]
    This will be the week of market uncertainty. The following two weeks will be the market sell off and the realization that things are not only bad but that they are actually getting worse and that there is every reason to worry about big time DEPRESSION coming our way.

    Banks - still no clarity, rising mortgage/credit card/auto loan defaults. Commercial real estate just beginning to fail with no chance to refinance and tenants going out of business everyday.

    Retail - constantly shrinking due to high unemployment and people buying only what they need. People are buying old inventory at 50% to 70% off. No one will be buying new inventory.

    Auto - GM and Chrysler dissapearing from the planet and taking 300,000 jobs with them.

    Travel - who can take a vacation without a job.

    Manufacturing - crashing as the consumer hibernates.

    Tech Stocks - going up in smoke, coming down in reality - no sales.

    As the Treasury continues to print money, the dollar will continue to drop and in 6 to 12 months we will see INFLATION rolling down the street.

    Sorry folks, not a pretty picture, just the real picture.
    May 12 10:18 PM | Likes Like |Link to Comment
  • Jobless Rate to 8.9%, Though Jobs Fall Less [View article]
    As unemployment continues to climb regardless of 550,000 is better than 600,000.

    There are another 500,000 that are going to default on their mortgages, not pay their credit card bills, default on their car loans....

    They won't be going out and spending money on anything but food and whatever they HAVE to have.

    Someone please tell me why things are so great when I see the bottom falling out of the market.
    May 8 10:01 PM | 3 Likes Like |Link to Comment
  • Ever More Unemployment [View article]
    So unemployment is still around 600,000 a month.

    Mortgage defaults will continue to go up. Isn't this the root of all our problems?

    Someone help me out here. If the mortgage defaults keep going up, how can the banks only need $75 billion to stave off an additional $4 to $7 trillion of mortgage, credit card, auto loan, commercial real estate bad debt???

    Someone explain it to me please!!!!
    May 8 09:57 PM | 3 Likes Like |Link to Comment
  • Bank Stress Test: The Cheat Sheet [View article]
    Still no clarity! What are the existing toxic assests negative value for each institution? What negative value are the credit default swaps for each institution.

    I figure with these already on the books and 4 million new mortgage defaults coming down the road, it will only take another $4 to $5 trillion to bail them all out!!!

    Add in some credit card defaults, auto loan defaults and lets not forget the tsunami of commercial real estate defaults, it will only cost Obama and boys another $10 trillion.

    Hey, does the Treasury have enough paper to print this up? I offered to put a printing press in my garage to help them out.
    May 7 08:56 PM | 4 Likes Like |Link to Comment
  • General Motors Shareholders: Poof! [View article]
    OBAMA SOCIALISM AT WORK. TAKE FROM THE BAD RICH GUY WHO BOUGHT GM BONDS / STOCK AND GIVE TO THE POOR GM WORKER GUY WHO SHOVELED UP THE SH*T.

    THE REALITY, THEY CAN SCREW EVERYBODY BUT GM AND CHRYSLER WILL GONE IN THREE YEARS ANYWAYS.

    May 6 06:21 PM | Likes Like |Link to Comment
  • 5 Reasons Bank Shareholders Will Take a Hit [View article]
    Well folks, I agree with almost all of you. The financials do not offer any clarity to an investor.

    Existing toxic assets, voo doo accounting to cover up the doo doo numbers, credit default swaps, a tsunami of increasing defaults of mortgages / credit cards / auto loans / commercial real estate.......as unemployment increases and approaches 7 million full time and who knows how many part-time?????

    Better watch out " THE SKY IS FALLING "
    May 6 06:14 PM | 3 Likes Like |Link to Comment
  • The Day the Capital Structure Died [View article]
    GM, GE, BoA, C, are all gonna be in the same boat and Uncle Obama is gonna try and hurt the bad people with money who invested in these companies.

    The laws of bancruptcy protect the bond holder. There is no way a court will not uphold the rules and law of bancruptcy to protect the unions or anybody else.

    May 6 05:38 PM | 5 Likes Like |Link to Comment
  • The Worst Case Scenario (Someone Has to Say It) [View article]
    Interesting way of looking at things. I have to agree with him quite a bit though because "THE SKY IS FALLING"!!

    The financials are terrible with no clarity, voo doo accounting practices, rising mortgage/credit card/auto payment defaults, existing toxic assets, existing credit default swaps, commercial real estate defaults..........

    Unemployment rising causing more of the above problems. Consumers no longer consuming because 10 million people not including part time unemployed, don't have jobs, money, cars, homes!!!

    Our government lying to us about economic conditions, indicators, stress test, just about everything.

    Printing more money, growing government bigger and bigger, creating more entitlement programs, spending like there is no tomorrow..........

    The reality folks, we have the biggest screwing coming down on us in the next six months that we can imagine.

    Get ready, "THE SKY IS FALLING"
    May 5 08:34 PM | 7 Likes Like |Link to Comment
  • Bernanke Upbeat for Turnaround, But He's Said This Before [View article]
    BANKS FAIL, BERNANKE GAVE WRONG TEST! MARKET CRASHES TO 5500 AND TAKES EVERYONE WITH IT!!!!

    Ooops, did I really say that, you bet.

    These banks are in big trouble. The only thing missing for any investor is clarity.

    1. What is the negative value of those toxic assets?
    2. What is the negative value of their credit default swaps?
    3. How many more mortgage defaults will there be when 8 to 10 million people are out of work?
    4. What impact will credit card defaults impact the banks?
    5. What impact will auto payment defaults impact the banks?
    6. What impact will commercial real estate defaults impact the banks?

    Who actually knows what the real story besides the banks and the Obama administration.

    NO ONE, and that's why I would be an IDIOT to own any financial stock.
    May 5 05:04 PM | 4 Likes Like |Link to Comment
  • Bernanke: Economy Will Turn Up This Year [View article]
    WHAT A BUNCH OF CRAP!!!!!!

    The Washington BOYS are lying through their teeth to protect themselves and keep the market from crashing because of the weak financials.

    Here it is one more time, THIS IS THE CAVEAT:

    1. Existing toxic assets and their true negative value.
    2. Credit default swaps these institutions own and their negative value.
    3. Government instituted VOO DOO accounting practices to cover up the DOO DOO numbers.
    4. Blatant lack of clarity for any stock holder or market analyst.
    5. Commercial real estate defaults coming at tsunami proportions.
    6. Like wise for consumer credit card defaults. Watch GE go down to nothing because of all their second tier credit lending.
    7. Auto loan and auto lease defaults for the bank.
    8. Increasing unemployment numbers which will increase mortgage defaults..........
    9. Auto industry layoffs, probably about 200,000 which will spiral all the above mentioned.
    10. Total lack of consumer spending! Good bye retail sales.
    11. Housing sales suck! First time buyers don't have 20% to put down and if you own a home and want to move up, you cannot sell your house. Additionally, the big 3% increase in home sales was not new homes but foreclosed properties bought at a bargain.
    12. The daily closing of small and medium sized business and their loan and real estate defaults.

    I could go on and on but I think you get the picture.

    CAVEAT - THE FINANCIAL MARKETS WILL CRASH BECAUSE WE ARE PLAYING HIDE THE SALAMI WITH YOU AND LYING ABOUT HOW BAD THEY REALLY ARE. WHEN THEY BEGIN TO FAIL WE WILL JUST TELL YOU THAT WE DIDN'T PLAN FOR THIS SITUATION : ) AND WE DIDN'T SEE IT COMING!!!!!

    WON'T THAT BE REFRESHING FOR OUR BULL FANS!!
    May 5 04:52 PM | 6 Likes Like |Link to Comment
  • Tuesday Outlook: Commodities, Global Markets [View article]
    Great article. Volume has been lacking for months. When do the big boys start the sell off and trap all the suckers?
    May 5 07:25 AM | 11 Likes Like |Link to Comment
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