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Summer Sea

Summer Sea
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  • Canacol Energy: Successful Shale Oil Test Underscores Compelling Value Proposition [View article]
    Thank you Malcolm Shaw. Great article.
    Mar 9 02:58 PM | Likes Like |Link to Comment
  • Passive Income Update - February, 2014 [View article]
    Yes!!! I'm so glad you are addressing passive income. Being retired and trying to grow my passive income presents a major problem, as I'm sure it does for many retirees. Many of us had our nest eggs vanish in a matter of months. Now, retirement monies lost have to be regenerated from scratch without having a whole lot funds to reinvest. The latest ad on TV says "you'll need a million dollars of income to retire!"."Oh, yeh, I say to myself. How is this going to happen?" The stock market is our only hope "out here". I'd like to see Warren Buffet make a million dollars from scratch.
    Thanks for the article. Please keep giving us information.
    Mar 9 02:51 PM | Likes Like |Link to Comment
  • Why I'm A Passive Investor (And You Should Be Too) [View article]
    Your response was a little harsh without consideration of the writer. We all aren't equipped with the physical or mental capacity to outsmart the market. (I'm sure you know that.) Could you teach 30 first graders to read???
    Feb 14 02:35 PM | Likes Like |Link to Comment
  • Bullish Possibilities [View article]
    Thanks, great presentation. Wish we could play blackjack in Miami!
    Feb 14 01:56 PM | Likes Like |Link to Comment
  • Bank of America cutting more mortgage jobs [View news story]
    This market is an investors conundrum. Baby boomers out here trying to invest. Bank of America is a perfect example of a gradual financial improvement creeping backwards. Looks like Wells Fargo is loaning like the sub prime old days. Who is putting the brakes on these banks? If boomers can't re-coop enough of their gargantuan loses though investment, ...then what? Scary??
    Feb 14 01:36 PM | 1 Like Like |Link to Comment
  • Increasingly Important Lithium Production May Bring Future Profits To These Companies [View article]
    Too bad we haven't learned to "genetically engineer" an aluminum ion.
    Anyone know a good alchemist?
    Nov 6 01:38 PM | Likes Like |Link to Comment
  • A Winning Long-Term Diversified Dividend Growth Portfolio [View article]
    Great strategy for analysis. Enjoyed reading this article; very clear and found it interesting. I always look for information that is less opinionated and more factual. Yours fit the criteria. Thanks.
    Sep 28 03:02 PM | Likes Like |Link to Comment
  • Where Is the Foreclosure Mess Leading? [View article]
    People that short sale or foreclose on their primary homes should be able to buy another home that is affordable. This would solve the housing crisis. Making potential primary home buyers wait 3-7 years to purchase again is unconscionable. The characters that made this mess are born again or still running freely. I guess dumping on middle and upper middle class Americans is just plain OK.
    Oct 14 01:39 PM | Likes Like |Link to Comment
  • Bank shareholders have no idea what kind of liability they're facing from the Libor probe. Barclays, for example, dropped 16% the day after being blindsided by a $451.4M regulatory fine. More than a dozen banks are being probed, are providing minimal disclosures and are probably failing to put enough funds in reserve for potential fines.  [View news story]
    Mortgage brokers and bankers use the Libor as a standard to base their interest rates, determining their profit margin. If a home loan was issued using a bogus Libor rate then the mortgage document, signed by the lien holder and the homeowner is now based on fraudulent information. Now what??
    Jul 5 11:54 AM | 2 Likes Like |Link to Comment
  • Barclays (BCS) COO Jerry del Missier joins CEO Bob Diamond, and resigns in wake of the Libor scandal. Statement.  [View news story]
    Holy Cow...I wish people could concentrate on investments without having to consider the latest scandal. This is totally "off the edge". These guys are more dangerous than the Mexican drug cartels. Only hope the US gov. will put undercover agents on these jokers...soon.
    Jul 3 02:04 PM | Likes Like |Link to Comment
  • JPMorgan (JPM -4.1%) fights speculation its CIO loss could reach $9B by leaking its own expectations it'll be between $4B-$6B, reports Kate Kelly. That amount is still significantly higher than the $2B originally reported by Jamie Dimon last month. The lines are drawn. Earnings are set for July 13.  [View news story]
    fraud is one should be able to over insure anything. I take it you've never lost a home in a fire or natural disaster.
    Jun 29 09:26 PM | Likes Like |Link to Comment
  • JPMorgan (JPM -4.1%) fights speculation its CIO loss could reach $9B by leaking its own expectations it'll be between $4B-$6B, reports Kate Kelly. That amount is still significantly higher than the $2B originally reported by Jamie Dimon last month. The lines are drawn. Earnings are set for July 13.  [View news story]
    While they have Jamie Dimon in Washington, the group should ask him how much insurance coverage he has on millions of defaulted mortgages he refuses to modify. How he's able to over insure home mortgages, some up to 3x's their value, without a slap on the wrist, then sell the defaulted property for more profit! Losses? You really think JD is going to tell the gov. about his PROFIT!! The guy is a can believe that.
    Would sure like to know who the heck is insuring these defaults for JPM.
    Jun 28 01:23 PM | 2 Likes Like |Link to Comment
  • Concerned banks are cutting back on credit approvals first and asking questions later, the FHFA is set to detail exactly what mortgage flaws would trigger a putback request. The story dovetails with an earlier one about the FOMC wondering what good are low interest rates if only a sliver of the population can take advantage? A trend is officially underway.  [View news story]
    Well, I see students still getting credit cards, people without jobs using their credit cards, people with undesirable credit still being given a credit card. Just like housing, many didn't qualify and still bought homes. People that get divorces, like you mentioned, and all the other unexpected stuff really doesn't matter. I've come to the conlusion that banks don't really care if you can pay for your home or your credit card. They make money anyway.That's the shame of it all.
    Jun 20 11:53 AM | Likes Like |Link to Comment
  • How To Prevent A Housing Recovery [View article]
    This is an older article but not many articles are being written on the foreclosure mess with the election coming up.
    What I'm about to tell Seeking Alpha is very factual information..banks are hiring real estate companies to convience people to rent their primary residence when behind on their mortgage payments. Then, they bring in a team of investors to the home while the homeower is gone and obtain purchase bids without the homeowner's consent. This is going on folks!! Banks haven't stopped the American Greed. Due process is on its way out. There before the grace of "God" go I.
    Jun 19 01:39 PM | Likes Like |Link to Comment
  • May. Housing Starts: 708K vs. 720K expected and 744K (revised) in Apr. Permits 780K vs. 736K expected and 723K (revised) in Apr.  [View news story]
    New building permits????? Really...I don't see how we can have an upward swing in home building when there are millions of homes underwater and millions of people that can't pay their mortgages.Who's going to buy all this stuff with banks tightening credit? Maybe foreign investors? or huge unethical investors in this country.
    Jun 19 01:16 PM | Likes Like |Link to Comment