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PROXIMO

PROXIMO
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  • Dollar's Purchasing Power Annihilated - The Chart They Don't Want You to See [View article]
    Or 76 weeks.
    May 8 06:30 PM | 12 Likes Like |Link to Comment
  • Ongoing Observations on NYSE Volume [View article]
    I read where the late Jimmy the Greek once said "I don't need a quarterback to throw a game. I can do it with the right guard." Reminds me of this stock rally from March. A few well positioned specialists, motivated in a back room by an ample amount of E Pluribus Unum legal tender(and convinced it was their patriotic duty), would have had the motivation and the means to give the markets some gas to move forward. Some well placed trades to bring the suckers in. The big shots using the market makers to buy time. When the rally fades, and fade it must, rest assured, the same crooks who juiced it upwards will short it back down. IMO.
    May 8 01:52 PM | 5 Likes Like |Link to Comment
  • Stress Test Results Are Out - Leaks Were Right [View article]
    Prosecuted? I doubt it. Paid? Probably.
    May 7 07:50 PM | 5 Likes Like |Link to Comment
  • Do You Believe Borrowing Leads to Prosperity? (Part 2) [View article]
    Enjoyed the article. IMO the moderate recent stock advance is probably largely a function of behind-the -scenes deals involving banks and crooked politicians. And my guess is that the worst economic pain has yet to begin. Without making light of the debt, which is very serious, I am curious about something I seldom see commented on. I am curious as to the net worth of Uncle Sam. I mean, the balance sheet would have to include untold billions in military bases and equipment, billions in national parks, airports, museums, libraries, hospitals, Interstates, other roads, bridges, school districts, universities, billions of acres of land, government buildings, water systems, dams,lakes, etc.etc.etc. Plus Wash DC itself, with Dept of Agriculture, Dept. of Commerce, Dept. of Interior, Dept. of Energy, Dept. of Defense(Pentagon, CIA, FBI), Washington Monument, Lincoln Memorial, Smithsonian, AAFB, Capitol Buildings, White House, etc etc. I realize these would not be converted to pay off debt, but I would think US must be worth MANY trillions of dollars.
    May 7 04:58 PM | 8 Likes Like |Link to Comment
  • Whitney Tilson Still Sees Numerous Stock Buying Opportunities [View article]
    There have also been 47 articles by Whitney Tilson posted on SA.
    May 7 09:52 AM | 3 Likes Like |Link to Comment
  • Bank of America Shortfall: Clueless or Cover-Up? [View article]
    Demonstrated incompetence and/or fraud. And the stock keeps climbing. Go figure.
    May 6 03:44 PM | 2 Likes Like |Link to Comment
  • Jim Welsh on the Economy: Past the Point of No Return [View article]
    Enjoyed the article. Obviously much effort and hard work was expended to put this together. Can't remember this many positive comments about a single article on SA.
    May 6 03:13 PM | 5 Likes Like |Link to Comment
  • General Motors: Officially Wiping Out Common Shareholders [View article]
    GM shares at over 1 cent are overvalued. I hate it that the unions are involved in all this pain. I'll try to get over it.
    May 6 09:44 AM | 1 Like Like |Link to Comment
  • S&P 500 Price Action [View article]
    Addendum to the above--Only Cretin's first comment this article.
    May 5 05:20 PM | Likes Like |Link to Comment
  • S&P 500 Price Action [View article]
    So, a new bear market that doesn't take out the old lows is better than a new bear market that takes out the old lows. Why bother to state something so obvious? Probably the first and last time I'll ever give Cretin, (the self-professed third smartest person in the world), a thumbs up.
    May 5 05:17 PM | Likes Like |Link to Comment
  • What to Do with This Rally? [View article]
    Please see WP Dragon's comment above.


    On May 05 01:51 PM inthemoney wrote:

    > > To really keep it simple you also can put up a 20 year chart of
    > the S&P and plot a 20 and 80 day moving average. It tells you
    > when to go long and short unlike those who say you just cant time
    > the market. For some strange reason most people are lucky if they
    > look at a weekly chart.
    > ----------------------...
    > Really? If it were that simple you could have a simple program do
    > it for you and you could be millonaire. Fidelity or Vanguard would
    > already have it. How come their funds lost 50% last year?
    > Trend following is a legtimate strategy but it only works when there
    > is, well, a long well-established trend.
    > And these days market moves very sharply.If you waited 20 days to
    > confirm this paticular rally, you were very very late.
    May 5 03:48 PM | 1 Like Like |Link to Comment
  • Sell in May? No Way! [View article]
    Convoluted analysis. Since the data as it stands does not bode well for the month of May, the recession is magically declared over and new calculations are made, in order to justify higher stock prices. Then June is logically determined to move higher, since that is what it does after a post-recession higher May move. Further, since the first two days of May were up days, a record breaking month of May is the logical next step. Please. The first two MINUTES of May are probably at least as valid as the first two days in forecasting the entire month of May.
    May 5 11:10 AM | 1 Like Like |Link to Comment
  • Can the Banks Work It Out? [View article]
    It was.


    On May 03 09:21 AM John Lounsbury wrote:

    > CautiousInvestor - - -
    >
    > Well stated. I wish my discussion had been as astute.
    May 4 09:17 PM | 1 Like Like |Link to Comment
  • Wrong Blogs Are Better than Bad Journalism [View article]
    Another big advantage of blogs over traditional journalism is that occasionally blogs aren't biased.
    May 4 05:56 PM | 1 Like Like |Link to Comment
  • Singing the American Express Blues [View article]
    I disagree with the sanctimonious sh#t of all of the first three previous posters. You carry MULTIPLE Amex cards for 25 years and are late ONE payment(by accident) and AMEX yanks all your accounts. Without even a courtesy call. What a crock of sh#t. And people wonder why Cap One and the other card companies are reviled and in a world of hurt. Maybe if they treated their good customers like good customers, instead of like AIDS infected rodents, they would be in decent shape.
    May 4 12:32 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
368 Comments
803 Likes