stockferret

Budget Deficit: Who to Blame

You are brave. The newest game in the media is to blame Obama for the deficit, the recession, unemployment, and JFK's assassination. Before Obama took office wasn't this year's deficit supposed to be $1.2 trillion? The mainstream media seems to want to blame the new president for all of the former president's misdeeds.

To be fair, I don't think many president's have been dealt a worse hand coming into office.

Still the 'Most Hated Rally in History'

It is hated because no one seems to understand it. My theory is that the fundamentals don't matter at the moment. Although the Bush years were bad for most of America the ultra-wealthy did extremely well. They have a lot of money to invest and until another asset class pops up to absorb it (or we get a lot of IPOs to absorb that cash), it is going to go into the default investment: stocks.

Osisko Mining: Developing into a Multi-Mine Player

So how much is Osisko worth per share based on reserves?

Goldman's Human Face

Goldman's human face? Reminds me of that show V that is on right now...

Don't trust reptiles wearing human skin.

The Global Oil Scam: 50 Times Bigger than Madoff

According to Adam Smith, in a free market each participant will try to maximize self-interest, and the interaction of market participants, leading to exchange of goods and services, enables each participant to be better of than when simply producing for himself/herself. He further said that in a free market, no regulation of any type would be needed to ensure that the mutually beneficial exchange of goods and services took place, since this "invisible hand" would guide market participants to trade in the most mutually beneficial manner.

How is that working out for ya?

IEA Report - Trouble for Oil ETFs?

You don't need a whistleblower to know these guys are on crack. Right now, China consumes about 6 barrels of oil a day per 1000 people. The world average is 32 barrels per 1000. Even if China gets to half the world average (Thailand, Chile, Bulgaria levels) that is an increase of 12 million barrels of oil a day alone. Nevermind any other country that wants a first world lifestyle.

Good luck telling China and India they aren't allowed to have cars.

3 Mining Stocks to Hedge China's Rare Earth Policies

Most of the Rare Earth companies can be bought on the Toronto Venture Exchange. GWG.V is my favorite but RES.V and AVL.TO also seem legitimate. You have to be careful though, every other junior miner suddenly seems to have a Rare Earth property now.

Plus, I would always recommend having some of your assets in a good resource backed currency such as CAD or AUD.

Bullishness at Contrarian Extreme

As with most of the previous commenters, I am very suspect of this bullish sentiment. In the numerous 'newsletters' in my inbox there is not even the slightest hint of bullishness. This website in particular seems incredibly bearish given what the market has done. Even CNBC.com has at least one headline a day on the impending market correction.

I don't buy into the fact that this market rally is the real deal but I haven't seen any bullishness that is out of the ordinary.

Oil Outpacing its Own ETF

You think USO is sucking? Try the LEAPS on USO. My in-the-money 35 calls for 2011 only went up $.60 when USO was up $1.30 today. USO is a pos no matter how you play it...

Who else can share the blame for the housing bubble? How about urban planners? Differences in growth management may explain why California and Florida bubbled, but Georgia and Texas didn't - and may point the way to preventing the next one.

The only thing more amazing than the fact that someone gets paid to write this idiocy is that people believe it. I suppose the answer to eliminating all bubbles is to never produce anything of value. That way the price can't possibly go up because no one will be willing to pay for it. Millions of houses in the middle of nowhere that will never appreciate in value because you can easily build another exactly like it anywhere you want. Of course, the house will never be sellable either since it is easier and cheaper to build a new one. But hey! No bubble!

Wells Fargo (WFC) says it has fired the executive who settled in at a foreclosed $12M Malibu Colony beach house for summer weekends and parties.

I'm sure glad I don't live next to those nosey neighbors. The bank should sell the house to Hugh Hefner.

Markets are up 4% in a month as volume continues to shrink; sure, money's not just sitting on the sidelines - it's running away.

Ah, whatever. No one cares what the retail investor is doing unless it helps them make whatever point they want to make. If the inflows were large then we would be hearing about 'dumb money' buying into the 'green shoots' and how it is a sign of imminent collapse.

How PHEVs and EVs Will Sabotage America's Drive for Energy Independence

"Notwithstanding the deafening drumbeat of hype from mainstream media, academics, elected officials and lithium-ion battery developers"

Lol

The only deafening drumbeat is the pumping of AXPW every other day.

Will Oil Break Out, Or Fail at Resistance?

If you believe that oil production peaked in 2005 (as I do) then there is little question that oil prices are going higher in the medium to long term. The real question is the short term. I think what we are seeing is a lot of traders putting on long positions at these levels because although there may be a pullback in the near term you can be pretty comfortable that 6 months from now $70 oil will be a distant memory.

I think that is what has been propping up the markets these last few months despite the flaccid demand. Do you wait for a big pullback to open a long position? What if there is no big pullback because enough people believe in peak oil to keep buying when there is a small dip? I've been buying DXO on each pullback and selling when it got + $.50 - .75 under its belt while maintaining a core long position. Working well so far.

Why I Am Shorting Treasury 30 Year Bonds via Treasury Futures

Stephan Schwarzman called. He said he would pick up my $38k.