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Wall Street: Dumb as It Ever Was

Tell that all we have to fear is fear itself stuff to the wives and mothers and children of those who died in combat, not to mention the millions of civilian death all around the world. As for wall street and washington, the BS foot print is way more dangerous to this country than the so called carbon foot print. With that said your stance on emotion being a large and important factor is very relevant to the market.


On Nov 06 09:58 AM Cuthbert wrote:

> Well, "dumb" is one word. I would suggest this change in your title
> "Wall Street: As Human as It Ever Was". This isn't science. It's
> human nature. That's why FDR was right to identify "fear" as the
> enemy.
> 10% is up. It's a new level, and it "sounds" like a lot more. If
> you don't think this makes a difference, try explaining why all the
> stores price items with prices like $9.99 instead of $10.00.

How Warren Buffett Is Smarter than the G20

Gary A Deflation a threat with printing presses whiring all over the world? I don't think so. Too much money chasing to few goods sounds more likely to me and is what I invest towards.

India Needs to Get Aggressive with Its Reserves

The printing presses have not topped out so I doubt gold has. Any one know how I can invest in the company that makes the fabric money is printed on?

India, China and Gold

I think India wanted to unload cash and protect the value of gold already in it's vaults and also the huge hoard that it's private citizens keep both as adornments and a private store of wealth. It's ironic that Warren Buffet chose to dump his cash hoard for locomotives boxcars and rails on the same day. It seems like the smart money would rather have hard assets than paper even in a tough business environment. The term gold bug may soon stop being a derogatory term.

PIMCO's Gross: 'The Dollar Is Over-Owned"

So, any good ideas about what to do with my dollars?

ConocoPhilips: Time to Embrace Natural Gas Transportation

Where do you think the pound and euro are headed?


On Oct 30 08:43 AM long_on_oil wrote:

> Why would you pay $51 for COP with it's 4% yield when you can buy
> BP at $58 with a 5.6% yield. Plus we all know where the dollar is
> headed so you can own BP and take advantage of the decline in the
> dollar too.
> I am amazed that BP is not currently an $80 stock based on its dividend.

Two Ways to Profit from New York's Uncertainty About Drilling for Natural Gas

What facts do you have to offer?


On Oct 28 12:53 PM makeitsafe ornotatall wrote:

> You are wrong. Hydraulic fracturing has been around for decades,
> but it has also experienced hundreds of documented cases of ground/aquifer
> poisioning. The fact that so many are not documented (aka, lack "proof")
> is that the drilling companies were not required to disclose the
> chemicals they used in the fracking process. There

The Intrinsic Value of Nothing, Part 1

How come the only asset you hold of the three you recommend is gold? How does one hold a positiion in agriculture,buy a farm or in oil drill a well, fill a tank (tounge in cheek)? How about some recommendations.

The Intrinsic Value of Nothing, Part 1

This article is about exchange and economics and not being the only person in the world with no shelter. If you own and live in a house and intend to for the rest of your life then it's market value is irrelevent to you. But if you would like to sell it and move on then it is very relevent. Your survivalist point of view is accurate but not relevant ot this discussion.


On Oct 27 11:25 AM Hester wrote:

> I'm not an economist, and I'm not as smart as you (and I'm not being
> sarcastic). However, I think about your argument in several ways.
> I look at your economic argument from the standpoint as a normal
> American, trying to make it in modern society. I also think of your
> argument as someone who must depend on nobody to survive, as I would
> if there were some disastor that made it so. I am a naturalist as
> well as an investor, so I imagine myself sitting in the woods with
> nobody else, trying to survive. In that situation, neither gold nor
> dollars would be valuable. However, some things would still be valuable,
> which I think refutes the Austrian argument, something is valuable
> only if someone else thinks its valuable.
>
> "Nothing in this universe has intrinsic value; every single thing
> you possess, want to possess, use, can use, have used, can offer,
> have offered, or will offer is valuable only if someone else finds
> it valuable. I want you to try to imagine a universe in which no
> sentient creatures exist. How much would a “car” be worth?"
>
> This makes me think of my days hiking in the Montanan wilderness,
> with nobody else around. If I were to live in that wilderness, alone,
> with no sentient creatures around, how much would a car be worth?
> There would be nobody around to exchange something for it, like gold
> or currency or anything else. So you might say it has no value since
> there is no other human around to value it. However, it does have
> value. I would kill for a car out in that wilderness at times. You
> couldn't drive it anywhere, but you could certainly use it for shelter
> against inclement weather. You could use the cigarette lighter to
> start fires so you could preserve all important matches. You could
> use the gasoline to help fire up wet wood. You could store wood in
> the trunk to keep it dry. There are copious amounts of uses, so it
> has value, even with no other sentient creature around.
>
> You also use an anology containing a mule. If nobody would pay you
> any gold or dollars or whatever for that mule, does that mean it
> has no intrinsic value? No, not in my opinion. I guess it would depend
> on what your definition of intrinsic value is. However, a mule has
> uses and thus retains value no matter what. Even if nobody wanted
> the mule, you could still make use out of it. You could eat it for
> one. My point is, just because nobody else finds something valuable
> does not mean something retains no value.
>
> I'm not making an argument for the labor theory, I am merely stating
> what I thought of when I read this article.

The Intrinsic Value of Nothing, Part 1

And when was the last time you tried to buy a loaf of bread for a nickel? That used to be possible, in terms of gold my guess is that the value in weight would roughly be the same or a little less.


On Oct 27 10:18 AM Ricard wrote:

> I will risk the ire of the hoard of gold bugs on SA:
>
> Gold as currency is a fallacy. The last time I tried to wire a bag
> of gold, someone told me to shove it up somewhere.
>
> You can argue about certificates and etc, but there's no reason to
> think such a system will break down as soon as one government somewhere
> discovers that they can inflate the system again. It only takes one
> before the rest discover that they'll need that competitive edge,
> too.

Three Companies with Sustainable Dividends

Ahmen,


On Oct 28 08:42 AM cocomurph wrote:

> Why not enhance your "analysis " a bit by at least mentioning what
> each company's business is! ;-)

Why Is the Market Going Up When Jobs Are Going Down?

If you're paying $8.50 a gallon for milk you are part of the problem and not part of the solution. Since farmers are getting little more than $1.00 you are being ripped big time. You must make big money good luck holding on to it. On Oct 27 08:27 PM rennert wrote:

> Everyone on my street is working. There are no homes for sale on
> my street. Healthy milk going for $8.50 a gallon. Inflation upon
> us. Fed needs raise rates at least 1% that will not derail recovery.

Why Is the Market Going Up When Jobs Are Going Down?

I don't know about you but my family was poor in the fifties and so were most of the other folks in our town.


On Oct 27 07:40 PM CLH wrote:

> We can have 90% people working and have a great economy. It seems
> you are the one who is naive. During the 1950s few women worked and
> we had a great economy with 50% of people unemployed.

Why Is the Market Going Up When Jobs Are Going Down?

I don't think the market is ever rational since it is largely a reflection of investor physcology and not a true indicator of financial fact. When you can spot a rational reason to buy something or a way to cash in on irrationality then you are a winner. The fact that money does not have a stable value either against other currencies or other real assets complicates things. Add to this all the smoke and mirrors from Wall street and Washington. Trying to rationalize irrationality in folks minds is how financial advisers and brokers make their money weather you do or not.

Why Is the Market Going Up When Jobs Are Going Down?

Printing presses whirring. Can you hear them?


On Oct 28 06:56 AM prairiedog555 wrote:

> "4th reason: Declining dollar. (The dollar's inverse correlation
> with the market is a very significant .80, according to SA author
> David Goldman. The market action of the last few days has strongly
> inversely correlated with the dollar.) "
>
> What is the reason for this?