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marketman54

marketman54
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  • A Classic Comeback Story: The Bullish Case For General Motors [View article]
    Look Andrew, the taxpayers own a whole lotta worthless stock, and this stock was a loan! So don't tell us that an equity loan position is any different than an interest loan position. THE PEOPLE paid $35/share or more for this great undervalued position and will never see it back.

    "IF NOT, THE GOVERNEMENT WILL TAKE THE LOSS!" - No offense Andrew, the taxpayers will take the loss! Lets see we have $100's of billions in Tarp money that hasn't been repaid, $100 billion in GM & Chrysler money that hasn't been repaid, $1 trillion in Sallymae student loans, $5 trillion in Fannie/Freddie/FHA bad loans, $500 million in bad solar company, Amtrak, Post Office, ...........

    Oh, thats right, the government will just take the loss
    Jul 8, 2012. 12:45 PM | 4 Likes Like |Link to Comment
  • A Classic Comeback Story: The Bullish Case For General Motors [View article]
    Oh Andy, Andy, Andy, what a flowery article. Where to start??

    Lets see, oh, GM sales in Europe are dead! The Cadillac brand is taking a huge beating! The Volt is getting panned and between price and recall is not selling!

    The company is still run by a bunch of guys from the old school. These dinosaurs will run this company into the ground for a second time and hopefully we won't have a president who will buy votes with a bailout instead of doing the right thing and letting them sink. They owe me $60 billion and I will never see it!
    Jul 7, 2012. 06:25 PM | 4 Likes Like |Link to Comment
  • Today In Commodities: Bullish Surprise [View article]
    The Euro, wearing the face of the "Joker", went up a little. Next week it will go up a little more and then - the bottom will fall out!

    The big boys are playing us like yo yo's! I'm going big short soon also!
    Jun 29, 2012. 09:16 PM | 2 Likes Like |Link to Comment
  • Greece May Be Forced Out By Germany [View article]
    It's the end of the world as we know it. Humpty Dumpty is riding into Euro-town and taking over. Once he's done there, he will head over to Japan and then visit us here in the U.S.

    Every country has let this cancer go on without treating it and now the patients need more care and help than ever.

    The U.S. makes the Euro debt look like a piggy bank, we probably have over $30 trillion when you add in the long term debt nobody counts! We are F*CKED and it will happen soon!
    Jun 25, 2012. 09:16 AM | 1 Like Like |Link to Comment
  • Session lows in Europe: Stoxx 50 -2.1%, Germany -1.8%, Italy and Spain off about 3%. The U.K. - often the best gauge for what the U.S. might do on these jittery days - down 0.8%. The euro -0.7% to $1.2482. S&P futures -0.9%.  [View news story]
    What a shocker! Spain, Ireland, Italy, Belgium, Greece, Portugal....all bankrupt and in a recession.

    Germany will be out of the Euro by 2013!
    Jun 25, 2012. 09:07 AM | 1 Like Like |Link to Comment
  • Is Joe Sixpack's Economy Deep Into A Recession? [View article]
    That's right, pay no attention to the man behind the curtain!! Just click your heels together 3 times, ask to go home and hope you don't see Humpty Dumpty on the way!!
    Jun 17, 2012. 05:05 PM | Likes Like |Link to Comment
  • Is Joe Sixpack's Economy Deep Into A Recession? [View article]
    Let me say Mr. geewow that I don't care if the man or woman that will begin to cut the size of government, cut government spending, freeze taxes, get us out of all the wars, reduce the size of the post office, quit subsidizing Amtrak, get out of the mortgage business with fannie/freddie/fha, get out of the student loan business with sally, get the government out of every business!! Develope an energy plan, come up with a budget, create a vision and direction to run this rudderless ship - I will vote for him whether he is a republican, democrat, libritarian, independent, you put the label on the man/woman that does half of the above items and he/she has my vote!! I'm am a stockholder of this country and I would fire the president and the whole board - congress/senate - and start with a whole new group of people that give a shit about the following things - the country, it's people, protecting it's borders, and protecting capitalism!

    I also beg to differ with you on your comment Mr. geewow regarding the variety of stimulus packages. You ask one small private businessman who has between 2 and 100 employees what Tarp 1, Tarp 2, QE 1, QE2, Twist......did for their business, regardless of the industry they are in and I "guarantee" 100% that the answer will be NOT A DAMN THING!!

    Bailing out GM, Chrysler, AIG, Citbank......did not help my business! Giving Solyndra $500 million was a great decision also!

    Our current government sucks! Both parties suck and are holding the American people hostage! If we had half a brain between us Mr. geewow, WE WOULD STOP PAYING OUR TAXES SO THEY DON'T HAVE ANOTHER PENNY TO SPEND!!

    I don't care which party wins - I do care that we have someone that is qualified to resolve this clusterfuck of a non-functioning, non-acting government that exists today!
    Jun 17, 2012. 04:17 PM | 5 Likes Like |Link to Comment
  • Stock Market Looks For More Stimulus From Fed [View article]
    Yep, lets keep the market happy and lets print some more money to deflate the dollar and raise our debt!!

    Talk about a great scam, the government prints more money to lend ourselves more money so we can spend more money and raise our debt with the more money that we print!!

    This has not worked, it did help for a short period of time and it makes the markets go up but it's totally artificial and the bubble will have to pop sooner than later.
    Jun 17, 2012. 12:16 PM | 4 Likes Like |Link to Comment
  • Is Joe Sixpack's Economy Deep Into A Recession? [View article]
    On another note, if it were not for my trading skills, or lack of at times, I would be a Joe right now!! I have been a builder for 30 years and will be closing up shop by the end of the year.

    The Obama administration has done NOTHING to assist the small businesses of this country. Only the fortune 500 have gotten assistance and profited from it or gone out of business with $500mm loans like Solyndra. Funny, no senate investigation on this??

    I can tell you first hand that as a home remodeling contractor that had 12 employees and sales of $1.6mm in 2007 - my industry and company have virtually fallen off the chart with 2 part time employees who might work 8 days a month with corresponding sales of maybe $125K.

    There is no doubt in my mind that this DEPRESSION has only gotten worse since late 2008 and there is NO POSSIBLE recovery without a housing industry!

    There are more than 1 million construction jobs lost in my state of Florida and with 9 million plus homes in the foreclosure pipeline (over a million in Florida) and who knows how many others are under water and soon to join this number because NO ACTION has been taken by the Obama administration to help people refinance and lower their mortgages with the likes of Citi, Wells Fargo, JP Morgan.....!!

    When the price of your home continues to devalue, why would you make any improvements - room additions, kitchen and bathroom remodeling??

    I am a dinosaur and a part of the dying residential construction industry. The only thing that can save my industry in South Florida is a major hurricane that blows us off the map!! I can only HOPE for such catastrophic storms, they will CHANGE my outlook!!

    I was lucky enough to short this market in 2008-2009 and smart enough to ride it back to the 12,000 level. It will be time to short it again soon and I can retire and then because of Obama's rich vs poor class division, I'm sure I will get to pay for his trillion(s) dollar spending blunders and mounting national debt.

    I love this country, we have become less free and less brave in the last 20 years. Somewhere our government quit caring about us and fell in love with the power and greed and cash that Washington provides. I mean really, if you or I or Martha Stewart traded on inside information, we go to jail!! But until 5 months ago, it was totally acceptable for ALL of Washington to benefit from this, WTF!

    The following is a paid political announcement!!

    I did not vote for HOPE, I did not vote for CHANGE. I voted for leadership and experience to get us on the way out of the worst financial times this country has seen. I didn't get what I voted for and unfortunately we all got the short end of the stick. So here's my unqualified $0.02 - the country better HOPE that things CHANGE or we will soon be a third world country making Greece, Spain, Portugal, Ireland, Italy......look much more attractive.

    I know there are many of you who truely believe "OH THIS CAN NEVER HAPPEN" - we are too smart, too innovative, too creative!! Unfortunately, we have been watching it happen for the last 2 1/2 years and "WE THE PEOPLE" have sat silently on the sidelines and let it happen. $22 trillion of debt and still no action has been taken! The market gets excited that we and Europe will play some more kick the can, print some more money, create some more debt and not implement any austerity!!

    GOD BLESS AMERICA because no one in Washington will!!
    Jun 17, 2012. 12:05 PM | 11 Likes Like |Link to Comment
  • German Timetable Radically Different From Wall Street's [View article]
    If they leave, they will lose because all their bankrupt country partners will spiral into default and depression. If they stay, they may spiral into default and depression with all their bankrupt partners.

    Germany is in a catch 22 and can't win either way!
    Jun 15, 2012. 12:31 PM | 1 Like Like |Link to Comment
  • German Timetable Radically Different From Wall Street's [View article]
    Who else has a positive economy in the Eurozone?? Not Greece, Ireland, France, Spain, Portugal, Belgium, Italy, Finland, Estonia, Crete, Slovakia or Slavonia. Austria may be the only other country but I will have to research it!

    VIRTUALLY every country is bankrupt and in a recession!

    So I have to ask RMVR, who is positive besides Germany??
    Jun 15, 2012. 12:27 PM | 1 Like Like |Link to Comment
  • Ford: Why We Disagree With Berkshire On Ford Vs. GM [View article]
    I will try to find the articles that I read regarding the benefit packages and forward that to you okretiree. The articles I read stated that only new hires were getting less benefits and a 30% pay cut and existing employees labor agree was not changed one bit. The article also went on to say that nothing had been done to the retiree benefits plan. If I am incorrect, so be it.

    Yes, you are correct also on the count of the equity vs loan. Either way American taxpayers ante up our money and have steadily watched the price of their stock drop. These monies, whether you look at them as loans or equity was given to keep this company and 1,000's of suppliers from going out of business. You want to call it equity, I still want to call it a "BAD LOAN".

    Either way, this company is a poorly run dinosaur that is doomed to fail due to poor product, poor management, and a union that still wields to much influence over a public company!
    Jun 15, 2012. 12:13 PM | 2 Likes Like |Link to Comment
  • Ford: Why We Disagree With Berkshire On Ford Vs. GM [View article]
    GM never changed their pay structure for existing employees, they never changed their benefit package for their retirees, they will see a major loss of sales now that Europe is in another recession and to the best of my knowlege, they have not repaid their loans!

    Maybe Buffets stock buy will get us taxpayers repaid!!
    Jun 15, 2012. 09:53 AM | 3 Likes Like |Link to Comment
  • German Timetable Radically Different From Wall Street's [View article]
    As I have read in many articles, you have to wonder why Germany, the only positive economy in the Euro, would want to continue to carry 18 other countries on its back and put itself in bankruptsy also!

    Germany would be smart to get out of the Euro and let the other 18 countries go bankrupt together.

    Wow, all the big brains in this world can come up with only one game plan both here and abroad - just a simple kids game - KICK THE CAN !!
    Jun 15, 2012. 09:47 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Well lets take stock of things - I observe things getting worse and worse and the market just continues to shrug off all the bad news!

    -Retail down for the third straight month.
    -Manufacturing down.
    -Unemployment up!!
    -No U.S. housing market!!
    -Foreclosures at an all time high!!
    -Europe in a recession.
    -Euro zone in such disarray that Humpty Dumpty has a better chance of recovering!
    -China soft/hard landing??
    -Uncertainty everywhere from politics to economies!
    -Syria, Iran, Iraq all in chaos!
    -U.S. running without any leadership, any action on anything!

    ECB and English Govn't ready to provide liquidity!! WTF all this does is easy the money supply and NOTHING TO CHANGE THE DEBT ECONOMIC AND SPENDING PROBLEMS FOR THE THIRD STRAIGHT YEAR!!!

    I don't get it, this market should be at 9,000 and probably will be soon.
    Jun 15, 2012. 09:40 AM | 4 Likes Like |Link to Comment
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