Jim Bob Jones

Property Values Set to Fall 43% from Current Depressed Levels

While jobs are important and replacement value of the sticks and bricks are to be considered, underlying value will still remain in location of the property and surrounding culture. There will still be rich and poor people.

What's the Fair Value for the Dow Jones Industrial Average?

So, let's all hold long term and give Wall street another chance to drain our piggy? I do'nt think so! Trade short term , follow the trend and protect your wealth unlike the so called knowledgeable banks and brokers.


On Nov 01 07:01 AM apppro wrote:

> What happened this week is just another and perhaps best/final case
> into why we must stop this short-term option trader/traitor mentality
> & trading. I’ll be the first to admit that maybe the DOW and
> S&P have as some have complained, “Gone too far in too short
> a period of time!” Without going back to my original argument that
> they’re basing that moronic statement on a level we should have NEVER
> been at in the 1st place, let’s just say that maybe the markets have
> gone a little higher then maybe their actual worth is based on. As
> to whether the DOW or other indices are fairly valued, I give your
> opinion above worth noting.
>
> For me I take a far longer view. We’ve taken out all the added fluff
> that they say was added with all that leverage since 2004, and actually
> we’re even back to 1999 levels. Fair? Doesn’t sound fair to me, but
> that’s what we allowed to be done.
>
> Just look at this past week’s chart of JPM Chase.
>
> finance.yahoo.com/echa...;range=5d;indicator=vo...
>
>
> Monday and Tuesday were ok and non-events on no news. On Wednesday
> the entire market sold off at the open and never recovered. The news
> again was really a non-event, but some media pundits & traders/traitors
> brought back that ‘double deep’ crappola and fear spread throughout.
> Thursday reality set back in when GREAT GDP and just ok employment
> #’s came out.. the markets recovered, but those traders/traitors
> couldn’t let it go. CNBS had a parade of naysayer pundits on the
> show Friday morning and when basically so-so spending and income
> numbers came out at 8:30 am (These numbers were exactly as expected
> and should have been a non-event.) the short-term option traders/traitors
> had worked everybody up into a sell-off mode and things never looked
> back. 250 points down on the DOW and major levels breached. It was
> a pure disgrace. They tried to blame it on the dollar, on the consumer,
> on anything they could grab a hold of; but when it comes down to
> it, the sell-off was a well orchestrated, end-of-the-month options
> traders/traitors manipulated disaster.
>
> You may ask, “Why should I care? I’m not in the market or I own mutual
> funds, why should this matter to me?” It matters because you may
> be one of those lucky people who still has a job, or one of those
> still trying to find one... all these swings and angst are not healthy.
> They make everyone so full of fear and uncertainty that no one can
> muster up the desire to spend, invest, invent, inspire, etc. And
> don’t make the mistake of thinking that CEO’s of big companies are
> any different. I told you before, you keep bashing someone over the
> head over and over; sooner or later they will break! This is especially
> true of small businesses, the major driver of employment in the U.S.
> Would YOU spend thousands or go into debt to start a new business
> if every 5-minutes someone else is telling you that everything will
> crash in the next 10-minutes? I don’t think so!
>
> Whether you’re a Republican or Democratic, whether you’re a capitalist
> or socialist, whether you’re a ying or a yang; we MUST ALL start
> to agree upon ONE THING and that is this short-term mentality and
> trading MUST END!
>
> STOP THE INSANITY NOW!
>
> Revised Tax Rules:
>
> 1. Capital gains under <6 months - 55% tax on capital gains
> 2. Capital gains 6 > 12 months - 45% tax on capital gains
> 3. Capital gains 1 > 2 years - 35% tax on capital gains
> 4. Capital gains 2 > 5 years - 18% tax on capital gains
> 5. Capital gains 5+ years - 5% tax on capital gains
> 6. Most critical of all — Institute a capital gains tax of 55% on
> ALL short sales not directly tied to a long buy by a licensed hedge
> fund. I'm tired of paying for the pure shorts 3rd vacation home.

Banks No Longer in Crisis Mode

Amazing that bloggers can write anything based on such little info and refer to Huffington as a reliable source. Just vomited on my keyboard! Banks have little or no transparency and can say anything without backing it up. Nothing has changed in all reality with the major banks since 08 except that they are allowed more secrecy than the CIA. The treatment the shareholders and customers have gotten is in my opinion much worse than waterboarding a terrorist. Creative accounting and no regulation along with TARP and other funding is the only way they've been able to stay afloat. Financials are a nightmare and will only worsen with time as residential and commercial loans fall apart. Venture capital has dropped 64% so investment in this country shall reach an all time low with government though not really wanting too, will have to take control and kill off the whole banking culture and start anew.

Backwards Looking Leads to Bottom Blindness

While reflecting on my own personal plight and reading a few blogs each day it behooves me to warn the retiring baby boomers that have taken the same percentage hit (up to 60%) (thanks to WFC) to learn how to do their own trading. Most working class people do'nt spend the time required to manage their assets but they had better learn fast or the rest of their small fortunes will be buying the CEO's another large home or Gulfstream. Buy and hold is dead except for your escort.

Positioning for Reflation

If it has to be inflation so be it! We're supposedly waiting for private capital to show up to the party but guess what? No ones coming to the party yet. If Private capital (the rich)is on the sidelines and the poor and middle class are bankrupt it seems to reason that the gov has to pump money in just to keep us going. Maybe what we need is a socialistic country with a few dictators that run the Walmart kids out of town. Last I read they were raking in about 20 billion a piece per year while beating the hell out of their suppliers and workers.

How Ken Lewis Has Failed the Test of Good Leadership

While it seems logical that any business should take it's lumps for bad leadership it also seems logical that with a failure of the economy of this magnitude that some one such as Lewis would have to step up to prevent further erosion of jobs and business. We tend to forget that BAC is gobal and with that in mind has responsibilities not just to the US but others as well. We must also remember that a business does not stay at a certain level,it either grows or shrinks. No business I know of hires people to shrink the business. All CEO's are gamblers as there is a certain amount of risk in growing a company just as there is risk sitting on a bench waiting for the bus. How his leadership will be judged has yet to come. It's easy to quarter back after the game.

The NY Times on Bank Nationalization

I really enjoy all of the bloggers who have voiced opinion as to nationalizing the banks and would wipe out the common share holder who just happens to be Mr & Mrs. Taxpayer. They seem to think that just the rich are involved in the stock market with little or no mention of the fact that anyone with a 101 k (formally 401 k) or other retirement vehicle just might have ties to the banks with money under management or invested directly into the institution. Anyone with a half way functioning brain saw this coming when Reagan and cronies deregulated and pushed for the 401 k setup. I'm sure it started prior to that but this is when the big push was on. The real culprit of our losses is government who slept while they should have been regulating and our congress (including Barack Obama) who instigated and condoned mass givaways of our wealth in order to improve the lives of those who set on their ass and did drugs or were just here illegally for the rape,robbing and pilfering of the real american worker. They've done nothing yet to attack the real problem which is to hunt down and retrieve our wealh from those whose fiduciary duty it was to gaurd our savings and run our country responsibly. It's very hard to have a fox turn in another fox for robbing the hen house. What really bothers me more than the past is that it continues now with the very same people and ideology that have ran our people broke. My solution would require more than a tea party as it would include ropes and town square justice.
It would require only people with a certain knowledge and IQ to be able to vote and to have a certain amount of common sense. After the last election's I'm almost certain that this does not exist and for proof I offer the congress and the presidential candidates. It amazes me that a practiced and eloquent speech can fool so many people.

Two Calculated Risks Possibly Worth Taking

Regardless of what Obama thinks it will rely entirely on market forces. With everyone tucking money under the matress it seems odd that solar will somehow beat out other infrastructure stocks. The recession has now been lenghtened to 2010 and still more bad news coming in the first and second quarter. Anyone on this board having a new solar system installed? I think not. The stock is shorted because of gravity.

Economic Sentiment Watch: 'Let's Get Negative!'

I look for good news every day. Being an optimist 95% of my day requires that I stay focused on what I believe is good news but for some time now I have seen no really good news to stay up on so I look for good stuff in blogs such as yours so that I can confirm what I already know and that is that there is'nt any good news or info. By the way, can I see your credentials please?

Three Investment Themes: Retail, Energy and Materials

I believe we'll have DOW 6000 in 15 days. Just because we have an Obama pick for treasury means little at this time. The traders ran it up Friday evening but they will run it down again Monday. No real fundamentals have changed on the upside so I see no good reason to play untill the ball bounces. Take your pick, gold or mattress. My money says gold.

Wall Street Breakfast: Must-Know News

Bail them out unless you have an industry that will put billions of dollars back into the economy. Put'em under and force the country farther down the toilet. That union dollar spreds thru the neighborhood. I say we give each union worker 500 dollars an hour and reduce the CEO's to one dollar and maybe they'll leave. That union dollar bought groceries and products in the nation and abroad. It bought healthcare and lots of other services so if you're jealous of union labor then go join a union. It's ok for CEO crooks of banks to screw you out of your money but you don't want to pay someone that lives in your neighborhood a good wage. Get real!

Slamming the Brakes on GM - Barron's

That's mighty brave talk there User! This is the heart of the american car industry. If you think the banks put us in a spin just wait untill you fire the car workers. If we keep pulling the industries apart (even though they were managed by stupid people) we have nothing to fill the void. Let them continue under a watchful eye and now maybe we will get the green cars we've been asking for. Better to loan the money to them than another foreign company. They built what the public wanted, just ask the public.
SUVS are sitting in a lot of american driveways. It's hard to take trips in The little jap hybrids. Americans are somewhat larger and also obese.
Also if you stop that union dollar in the neighbor hood who is going to spread the wealth. You? I think not.