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  • Wall Street Breakfast: Yellen Speech Drives Market Rebound [View article]
    It doesn't matter where they are, the US, Europe, Africa, China etc etc ... The rulers are the same, and look after each other, at the expense of everyone else. (Bush got the bin Ladens safely out of the US after 9/11.) And the idea that the poor are workshy, grasping, less able people is one put around by those same rulers to detract attention from their own greed and lack of ability, or desire, to do anything truly useful or helpful.

    Since quantitative easing (printing money), the extra value of real assets has ended up in the pockets of the existing rich and done nothing to restart the world economy. When this has shown itself to have got back on track, it will be because everyone else excluding the rich and powerful, have worked to make it so, despite the anchor of those same rich and powerful weighing us down.

    It's not the poor and those at the bottom end of society we need to fear and worry about: it is those at the top who hoard the wealth and tell us what we must do; and try to make us believe how considerate of us they are when in truth they don't give a damn, as long as they are okay.
    Sep 25, 2015. 11:38 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: What's Next For Volkswagen? [View article]
    Japan and Europe: two places to invest now as they've been beaten down more than is reasonable, IMHO. Worth a small percentage of a portfolio, I say; and given a two-year-plus investment horizon.
    Sep 24, 2015. 09:33 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: U.S. Stocks Look To Battle Past Asia [View article]
    Too much emphasis being placed on 'couple of months.' I could have said '... or so' or 'few months' or ... I was not being prescriptive in that 'only' the next couple of months mattered. The fact is markets fell generally, and amongst those businesses whose price fell, there will have been, and still are and will be, bargains to be had. And a bargain that falls another 10% is still a bargain when it rises a lot more than 10% going forward, No-one can always buy at the very bottom and sell at the very top. It is comparative, not absolute: and it also depends on which stocks are selected. In short, many good businesses may be bought now, and during July and August, for less than would have been paid for them prior to June 30. And a longer term holding period, which I always have in mind when buying, should give more than enough opportunities to sell at a better profit having bought recently, or in the near future, than having bought at the top earlier this year. Phew ... that's it from me now! lol. :)
    Sep 23, 2015. 05:38 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: U.S. Stocks Look To Battle Past Asia [View article]
    Thank you, gggl.

    The Dow has come down from 18,000 over the period in question, and prices are now down to levels where sale bargains are available: one has to do the research to find out which ones, and then buy accordingly.

    Here is my post referred to from 30 June:

    Greece will default, whatever the name given to it; and they are playing hardball, risking exit from the Eurozone. However, whatever happens, stock market falls due to it will be buying opportunities. The summer, Greece, terrorism, Russia, et al together will make markets jittery and cause drops in the values of stocks; but the longer term trend is still up and bullish, so keep an eye on the stocks you want and pounce when they have dropped in price. For the next couple of months, stocks are on sale!
    Jun 30, 2015. 09:24 AM
    Sep 23, 2015. 12:32 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: U.S. Stocks Look To Battle Past Asia [View article]
    Behavioral psychology can explain why people make markets move as they do, but it can't do anything about changing things, so we're going to continue to get crazy market swings all around the globe.

    Essentially, these swings happen because people move with the crowd. If a wrong view, especially a generalist one, is voiced loudly and often, it is accepted; whilst a solitary analyst who determines a deep down truth through careful examination of the realities, will have his or her findings swamped and swept away, and will be ignored.

    In time this ignored truth will emerge as an unexpected reality, and people will cry over their past wrong actions, and look for scapegoats and excuses, rather than admit they were foolish and followed the crowd.

    So ... things are getting better. Lower Chinese growth rates are better than higher rates, because they are sustainable. Politicians and their financial yes-men lie to make things sound the way that they want perception to be, but that does not alter reality.

    Technology is bringing manufacturing back to the US and European countries, from Asia, China and other what were low labor cost countries. Robots can make stuff better and cheaper here now, and it's happening. So we don't need to be so dependent on emerging and other economies to have a flourishing one ourselves.

    Investors: there are some very undervalued stocks out there that have been unfairly beaten down in price. Ignore the doomsday scenario, evaluate the real standing of the stocks you like, taking your time over it, and buy them when their price is so low it seems the knife can fall no further. Your solitary analysis that is true will show through in time as good profit, whilst the crowd around you will be weeping and laying blame all around to excuse their own unfavorable actions that caused them to either make losses or miss profits.
    Sep 23, 2015. 07:12 AM | 16 Likes Like |Link to Comment
  • Wall Street Breakfast: The Market Swings Continue [View article]
    Yes, even if China's growth slipped to under 7%, say 5%, that is still good; and far more sustainable. Western economies growing at between 2% and 3% would be a happy event, if that continued for several years.

    7% growth means an economy doubling in just over 10 years, quadrupling in a little under 21years; and eight-fold bigger in about 31 years. Do I need to go further ...?

    As long as there is growth over time, we'll be ok. And even non-growth and reducing in growth companies can provide valuable income through dividends. Look at Apple, for just one example; and that's still growing.

    Investors suffering alternating bouts of elation and despondency cause most big swings in market measurements, not so much the underlying businesses. Take a longer term view, and save yourself a heart attack.
    Sep 22, 2015. 07:46 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: The Market Swings Continue [View article]
    Democratic presidential candidate Hillary Clinton is scheduled to outline a plan to rein in prescription drug costs later today, ... The tweet brought down ... the iShares Nasdaq Biotechnology ETF (NASDAQ:IBB) ... 4.5%...

    Not even a candidate yet, tweets, and people respond by selling their biotech stocks when there is absolutely a zero chance that anything will happen, if at all, for years!!!

    The markets are not crazy: some people are.

    The biotech sector is growing fast because science is enabling innovation; not because the odd drug is profiteered. But how many people buying stocks have any knowledge of science? Sadly, the answer today appears to be very few.
    Sep 22, 2015. 07:32 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Volkswagen Rocked By Emissions Scandal [View article]
    Zurich Insurance has abandoned its proposed takeover bid for British insurer RSA Insurance (OTCPK:RSNAY) after scrutinizing its accounts ...

    Lol. I wondered at the time and said so in a post, that maybe is wasn't such a great idea. Now Zurich have had a chance to look at things, it seems they agree with me. :)

    Trouble is, that'll leave a lot of RSA customers with the same old same old, which isn't good. :( As for buying a piece of the company: no comment required.
    Sep 21, 2015. 09:46 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Volkswagen Rocked By Emissions Scandal [View article]
    Apple is cleaning up its iOS App Store to remove malicious iPhone and iPad programs...

    I'm wondering if it extends further. Updating my iTunes just over a week ago, produced some odd happenings, such that I upgraded to iOs9 as soon as it came out; something I'd not normally do, preferring to wait for bugs to be fixed first. That caused problems too, and when eventually I got through to Apple Customer Care - resolving the problem myself that I rang about during the time I was on hold - the response was one that left me wondering still.

    Anyone else wondering???
    Sep 21, 2015. 09:42 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Stocks Tumble After Fed Holds Fire [View article]
    Oh, an exception to shorter term trading: I may add to my recent holdings in GDX. Gold is going to get a boost, and this gold miners ETF is a useful geared play on that (but one that needs constant watching, lol).
    Sep 18, 2015. 08:39 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Stocks Tumble After Fed Holds Fire [View article]
    Tony Pow, I agree.

    I don't (usually or very often) buy and sell short term, preferring a planned holding period measured in years, two at least if I'm going to buy at all. I will thus buy after corrections and sell into euphoria; and dividends are good, where available, in the meantime. So ... I'm watching, but essentially sitting things out in the main. My belief is that this is a consolidation phase before a further world bull market as economies genuinely recover and improve; and the doom-saying that is going on right now further reinforces my belief. Have a good weekend, all.
    Sep 18, 2015. 08:16 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Fed Decision Day Finally Arrives [View article]
    It's one of the most anticipated monetary policy decisions for years ...

    I'm saying: no hike today.
    Sep 17, 2015. 07:13 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Should The Rate Stay Or Should It Go? [View article]
    Raising the rate 25 basis points may be only a quarter percent, but it is then double the existing rate, so a 100% raise! And all other rates will rise as a result, and likely by more than 1/4 percent. Businesses and people borrowing will pay more interest that many will not have allowed for and will find hard to pay, and some will default. That will reduce investment and spending. Weak holders of other debt, treasuries, corporate bonds and similar, as well as weak holders of equity, will start to sell and move into cash as rates rise. So stock and bond prices will fall. So, a 1/4% rise in the FED rate will have repercussions, and not just psychological ones. The hoped-for and expected recovery in the world economy will be dealt a shock which, while it should only last a short time, may knock back real recovery for longer than is helpful. It ain't an easy decision to make.

    My money is on no change for a while longer. There's nobody there brave enough right now to raise rates whilst China, emerging economies, and their trading partners - i.e. everyone else - are experiencing such yo-yo-nomics at this time.
    Sep 16, 2015. 10:54 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: IEA Forecasts Major Cut In Non-OPEC Supply [View article]
    Yep, if you can convince enough people enough such that they trade on the basis of what you predict, it's a self fulfilling prophecy, and Goldman, in this case, will rub their hands happily, and count the money.
    Sep 11, 2015. 07:32 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: World Stocks Experience Yo-Yo Week [View article]
    The markets in so many tradeable items are just unfathomable at the moment. It does appear that short termism is the order of the day, whether HFT, shorting, day trading or other form of speculation. For the long(er) term investor, either hold - excluding anything you were going to sell anyway, regardless of present shenanigans - or conserve cash for opportune buys of oversold items. My own horizon tries to look years ahead, two to three as a minimum, and preferably longer if feasible; and I'll leave the short term trading to the gamblers, under whatever name they prefer to be called, and I won't join their party.
    Sep 10, 2015. 08:23 AM | 3 Likes Like |Link to Comment