Send Message
View as an RSS Feed
  • Doug Kass is growing "more bullish," citing fundamental, valuation, technical and sentiment factors aligned in support of higher stock prices: "I am pleased to have rejoined the investment land of the living, and I am now much more responsive to long investment ideas than at any time in the last year."   [View news story]
    He is too early. He is going to regret. It is doubtful any one including this guy will consistently succeed. Better go with gold. It is the only one that will shine for ever unlike this fellow!
    Nov 8, 2011. 05:02 PM | Likes Like |Link to Comment
  • The S&P 500 will hit 1,400 within the next couple of months, asserts Federated's Phil Orlando. So don't bother with Treasurys, get out of defensive stocks and move into sectors that are positioned to benefit from the resumption of economic growth we appear to be seeing now. Kanaly Trust's James Shelton agrees; his top picks include: iShares Russell 1000 Growth (IWF), JPMorgan Alerian MLP Index (AMJ) and the SPDR Gold Trust (GLD). (video)   [View news story]
    If future economic growth is that great, don't you see improvement already in the job picture? I believe these two bulls are wrong. Hard times will continue for the ordinary guy. For rich folks like these two, future could be bright only because the Fed is in no mood to stop printing money.
    Oct 29, 2011. 07:15 AM | Likes Like |Link to Comment
  • Republicans have blocked Pres. Obama's jobs plan, but how would they add jobs? Basically, "allow more pollution," Paul Krugman claims. Perry and Romney have "put weakened environmental protection at the core of their economic proposals... claiming favorable employment effects from removing restrictions on oil and gas extraction." All they would do "is make us poorer and sicker."   [View news story]
    Democrats will add jobs. But not real jobs and with increased deficits and debt. Republicans by relaxing regulation may add jobs. But with huge costs to public health and welfare. It seems our leadership from either party has no real solution. In my view this country is a failure. Let us file for bankruptcy. Not in Delaware. May be in the Hague! The Dutch are soft on drugs. That is going to work to our benefit!
    Oct 22, 2011. 02:40 PM | 1 Like Like |Link to Comment
  • Wells Fargo CEO John Stumpf says "there's no merit" to yesterday's call by House Democrats for a Justice Department investigation into possible collusion by the big banks to raise debit card fees and other monthly charges. "The economics of the business have changed due to regulatory and legislative reform," Stumpf says, and the new debit card fees are merely "a test to see how we can best deal with these changes." (video)   [View news story]
    Otherwise hands off robber barons!
    Oct 22, 2011. 10:40 AM | 1 Like Like |Link to Comment
  • The keyword used to be "synergy" - the justification for a host of mergers with varying success rates. In 2011, it's the spinoff that's in: Twenty public companies this year have announced they're breaking pieces off, including Abbott Labs (ABT), Kraft (KFT), ConocoPhillips (COP) and Sara Lee (SLE). And whatever the reason, Dan Primack says, it's good for the economy.   [View news story]
    It is good for the companies and their shareholders including insiders with their millions of shares. Yes 1+1= not 2 but could be better. As for the economy it is doubtful whether all these corporate finance tricks are really beneficial. Long time ago Harold Geneen started the conglomerate revolution. Has that helped this economy over the years? I say no. In my view this country is being destroyed by financiars. That is what the Occupy Wall Street crowds are saying!
    Oct 22, 2011. 09:07 AM | 1 Like Like |Link to Comment
  • What happens in Europe is irrelevant to U.S. banks, says Dick Bove. It may mean everything to investors, but it has nothing to do with the operating earnings of these companies. Regional banks, trust banks and national banks are all doing quite well. His top picks: U.S. Bancorp (USB), PNC (PNC), BNY Mellon (BK), State Street (STT) and Northern Trust (NTRS). (video)   [View news story]
    Did not this guy only recently say the entire North Atlantic world is crashing? Now he says some banks from this world he is promoting are still valid investments. He is talking from both sides of his mouth!
    Oct 22, 2011. 08:24 AM | 1 Like Like |Link to Comment
  • Should you hook up with the activists? Not out at Occupy Wall Street, but to ride along with activist investors like Carl Icahn and Nelson Peltz. There are payoffs to be had, but also great risks: If you followed Icahn into Yahoo (YHOO) when he pushed to merge it with Microsoft (MSFT), you'd be down 41% today.   [View news story]
    Carl and Nelson were already wealthy when they started all these activist shenanigans to get more wealthy. If you are wealthy, you can imitate them with the same or different results. In my view Carl and Nelson are not saviors of our capitalist system. They are not even saviors of their own stinking souls. This is what all those Occupy Wall Street souls are pointing at. Greed, unfettered greed- That is what is destroying this country!
    Oct 22, 2011. 08:16 AM | 1 Like Like |Link to Comment
  • The Wall Street protesters have been sold a bill of goods, Peter Wallison writes: Reckless government policies, not private greed, brought about the housing bubble and resulting financial crisis. The private financial sector "cannot fairly be accused of causing the crisis when only a small minority of subprime mortgages outstanding in 2008 were the result of that private activity."   [View news story]
    Whatever this guy says, the current problems of this society result from fornication between the government and business. Their illegitimate relationship flows in both directions. Some times it is difficult to see who is who.
    Oct 12, 2011. 08:15 PM | 4 Likes Like |Link to Comment
  • Martin Feldstein tells WSJ there's a "non-trivial" chance the U.S. economy will turn down again, and calls the recovery "about as bad an expansion as I've ever seen." The Fed "has gone too far recently in pushing for lower interest rates,” he says, preferring government action directed at mortgage principal write-downs, not just refinancing.   [View news story]
    To tell it like it is neither Feldstein nor Bernanke nor Greenspan or any other economist has any solution for our economic problems that will actually work. The best thing is for these failed economists to keep quiet and let the economy heal itself in its own good time. The economy might do a better job than these experts. But will the humans ever stop screwing up?
    Oct 10, 2011. 05:33 PM | 1 Like Like |Link to Comment
  • These days, picking a market bottom is more like trying to catch a falling broadsword than a knife, but there are a few encouraging signs out there, observes market technician J.C. Parets. The combination of lower selling volumes, record bearish sentiment readings from Investors Intelligence - a contrarian buy signal - plus a bullish seasonality factor may be enough encouragement for the bulls to put on their rally caps, for a while at least.   [View news story]
    Not if facing a depression or you already in a depression. Only thing is you don' t know you are indeed in a depression like now. It may take several years to know we are in a depression with NBER in a deep sleep or worse coma all the time.
    Oct 7, 2011. 08:12 PM | 2 Likes Like |Link to Comment
  • Former GE CEO Jack Welch rips Pres. Obama's support for a millionaire's tax as "a transfer payment. You take it from one pan, put it in the other. It doesn’t work." On the administration: "They are spenders... They don’t believe jobs come from the private sector. They believe government creates jobs."   [View news story]
    Jack: Where are those jobs from private sector? Don't those jobs show up in government payroll numbers released every month by the Labor Department?. For God's sake, where are those jobs, Jack?
    What about your own GE? How many jobs did GE add? Speak up Jack!
    Oct 6, 2011. 08:05 PM | 3 Likes Like |Link to Comment
  • He may have been early when he said the market had bottomed in August, but Doug Kass is sticking to his bullish stance, saying that Tuesday's late-day bounce should hold. "Go long," Kass says. He suggests looking at non-bank financials, noting that “life insurance companies are stupid cheap.”   [View news story]
    Obviously he is consistent. It seems in the stock market business no one admits failure. Yes Doug is very consistent. He is also very American. No American leader admits our two wars are failures. Yes we never fail. But we are still going down. So is Doug's call. God bless America and Doug too!
    Oct 6, 2011. 07:56 PM | Likes Like |Link to Comment
  • In his pitch to raise taxes on the wealthy, Pres. Obama says it's “a simple choice," not class warfare: Millionaires and billionaires vs. "teachers and construction workers and veterans." On the 5% millionaire surtax proposed by Senate Democrats: "I'm fine with the approach they are taking." (WSJ live blog)   [View news story]
    As Buffett has acknowledged the wealthy have won the class war. I also believe much of the wealth in many cases is ill gotten. The underclass does not pay any taxes. It is obvious if this country has to control its deficits the wealthy must be taxed. The wealthy have armies of tax lawyers and CPAs to help them avoid taxes. Many salaried middle class do not have that advantage. The trickle down theory has not been working. Other wise why no new plants and no new hires? The wealthy and Republicans use the trickle down theory all the time to keep themselves wealthy. Unless the wealthy do not pay their fair share, this country will continue to decline. You do not know what will happen. We know what happened in Germany leading to Hitler. I hope it does not happen here!
    Oct 6, 2011. 01:39 PM | Likes Like |Link to Comment
  • GE (GE) CEO Jeff Immelt gives a relatively upbeat picture of the economy, saying that conditions are "a lot different" than during 2008. "There is liquidity, there are pockets of growth and I think people have confidence that they might be able to find the right pockets of growth," Immelt says.
      [View news story]
    I could be a wacko. But are you a capitalist or his crony? Just look around and see what you capitalists have done. May be you don't see!
    Oct 6, 2011. 10:07 AM | Likes Like |Link to Comment
  • GE (GE) CEO Jeff Immelt gives a relatively upbeat picture of the economy, saying that conditions are "a lot different" than during 2008. "There is liquidity, there are pockets of growth and I think people have confidence that they might be able to find the right pockets of growth," Immelt says.
      [View news story]
    Just like Mr. Immelt many corporate honchos find every thing wonderful. The government is a capitalist tool pandering to the capitalists every possible way in the guise of saving the American from economic disaster. Very few capitalists pay any taxes. Even though the capitalists add no new jobs, two senators including war hero McCain are trying to help the capitalists from taxes on repatriated earnings. Yes the capitalists are winning and every one else is losing. How long their way will win? Let us wait and see. Some thing is already brewing in the streets.
    Oct 6, 2011. 09:11 AM | Likes Like |Link to Comment