Gardener

Prospects for Electric Cars

Any ideas out there for playing this with ETFs?

Why GM Stock Is Still a Bad Idea

contact your broker


On Aug 21 03:37 PM Kold wrote:

> How can I dump my stock. I have some certificate shares as well
> as some purchased in a stock reinvestment program. Please publish
> the answer.

Markets Aren't as Benign as They Look

From Fidelity huh?


On Aug 21 05:04 PM Crocodilian wrote:

> Author writes:
> 2009 has seen an extraordinary rally by more speculative assets,
> leaving “value” behind in the dirt. As Rob Arnott suggested two weeks
> ago, the gulf between “value” and “growth” stocks, for example, has
> only been more marked once in history – at the height of the dotcom
> boom.
> ----------------------...
>
> I'm a little puzzled by this assertion. The data I've seen state
> quite clearly that growth stock valuations are historically cheap
> relative to value stock valuations.
>
>
> From a recent Fidelity white paper (full link at bottom):
> As of the end of July, growth stocks were about as inexpensive on
> a price-to-trailing earnings (P/E) ratio basis relative to value
> stocks as they’ve ever been (see Exhibit 2). This unusual valuation
> discrepancy (value stocks typically have lower P/Es than growth stocks)
> is due largely to recent quarterly earnings growth declines in the
> financial sector—which make this sector look more expensive on a
> P/E basis. Based on analysts’ forecasts of future earnings over the
> next 12 months, the earnings of financials and value stocks are expected
> to rebound in coming quarters, which would make value stocks once
> again cheaper than growth stocks. However, even on a forecasted P/E
> basis, growth stocks are currently valued at the lowest levels on
> record relative to value stocks. Other valuation metrics, such as
> price-to-sales and price-to-book ratios, show that growth stocks
> remain below, but somewhat closer to their long-term average valuations
> relative to value stocks.3
>
> Source: news.fidelity....

Why Do Equity Markets Disagree with the Data?

I would not look to the CPI as a measure of inflation. Not including energy and food prices in the metric makes it utterly useless except of course to the government.
I would also look to the low volume as an indication that equities should be avoided.

Why Did We Bail Out the Banks?

We love fractional reserve banking for the ease of credit it provides and are addicted to an inherently fragile system. We will continue to bailout banks as long as we use fractional reserve banking as the dominant system of banking. FDIC insurance does not help this problem and could be argued encourages recklessness. Banks used to at least compete and advertise how safe they were compared to their competitors but this control mechanism has also been dismantled. People want the benefits of a free market system without the risk or discipline.

The Fed's $5.9 Billion Purchase

It only makes a difference in that the financial media are easily duped. The Fed is monetizing, plain and simple. Makes holding dollar assets very undesirable.


On Aug 17 12:46 PM claremont wrote:

> So the Fed is straight up buying 2 month old 5 year treasuries on
> the open market? If they did it 2 minutes after the auction, would
> it qualify as monetizing the treasuries debt? Does doing it 2 months
> after really change anything?
>
> No way would that ~5 billion had been bought if the buyers had not
> known they could offload it in the near future.

How Real Is the 10-Year's 'Real' Yield?

I wouldn't bet the farm on anything but I do appreciate your well reasoned article. We are in the very uncomfortable position of having nowhere to store wealth. The dollar destruction, Treasury over issuance, high equity P/Es, artificially low interest rates, PM manipulation and a real estate market that is being propped up by the government. The Fed and Treasury are obscuring all these markets and telling us it's for our own good. I trust the market to price risk and right now that's impossible. This kind of intervention is criminal.

Enough with the Buffett Critics

Some of us are tired of the reverential idol worship of investors who hang on his every utterance. His success is due to his original and independent thinking, something every Buffett watcher would be served in doing themselves.

Another Bear Turns Bullish

The low volume of this equity market rally says that's it's anything but powerful. Louise Yamada has said, "you'd rather be out of the market wishing you were in instead of in wishing you were out"

Vanguard Files to Launch Seven Index Bond ETFs, Including MBS Fund

More US dollar denominated debt vehicles from Vanguard. I really would like to see these guys reach out to the foreign bond markets and create products that truly allow for diversification.

More Goldman-Paulson Tarnish

He should be tried for treason

Treasury Market Rigging: John Jansen vs. Tyler Durden

Sorry but inflation is monetization of debt.

Lazy Portfolios, Or, The Revenge of 60/40

Why would anyone advocate laziness in protecting wealth?

Gold Cracks $1,000? Global Politics Could Be the Catalyst

Results? How about gold appreciating for 10 yrs as of now?


On Jun 18 02:58 PM Spartacuss wrote:

> All this palaver on golds promise makes me feel good. However, enough!
> Let's see some results for a change.

Short-Selling Hedge Funds Started the Fire

He should have been more explicit in his article. Another voice contributing to the chorus of anti shorting is irresponsible.


On May 14 07:23 PM Alan Young wrote:

> Gardener: Obviously, you didn't watch the video. It's not about short-selling,
> it's about NAKED shorting--flooding the market with bogus stock with
> no intention of buying shares to settle the trade.
>
> Judd: a nice piece of work; I respect your research. But it's too
> long for a video-clip education. Please publish it as text w/graphics
> for easier digestion and citation.