flyfarmer

What Fed’s Move Means for Currency ETFs

It is very scary. I'm recently retired and have decided to go ahead and pay off my house rather than to risk some crazy event taking it away in another fashion. At least I get a guaranteed 5% return on my money (my interest rate on my mortgage). I wouldn't do this if I needed the funds to live on though. I think the best investments are in canned goods and toilet paper. We all need those. fly

What Caused Berkshire's Freefall - And How Investors Can Benefit

Valueing this company at 12X earnings is an overstatement of reality. The real extent of the losses to their portfolio values hasn't been revealed yet. Although I believe that Warrens bet on the puts is well placed, the company valuation, with the upcoming surprises is unjustified. I recommended to a friend that they short the stock a couple of months ago. I wish I had listened to my own advice. This stock is still a short, along with the rest of the market. I may be a buyer 20% lower. fly

What a Look Back at the Japanese Market Tells Us

You just don't get it, do you? You, as well as other "experts", continue to treat the symptoms rather than the root cause. The consumer in this country is tapped out because american companies, with the governments blessing, have for 20 years outsourced jobs to other countries, at the expense of our own people. Yes, some benefit from the lower prices at Walmart, but they also lose with lower wages, since they now have to compete against the world's idea of a fair wage. We need to retain good paying jobs here in this country instead of trying to encourage more of the same. Ridiculous!!!!