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D_Virginia

D_Virginia
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  • Wall Street Breakfast: Must-Know News [View article]
    That said -- kudos on your use of actual facts and hard numbers for a change! :-)
    Dec 5 08:20 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I'd still like to hear the WSB club's thoughts on Bitcoin -- long-term thoughts. I'm sure it's a fun roller coaster either way for the day trading crew.

    Personally I presume it will crash and burn in the long term. The hacks are already starting to stack up, and now major governments are denouncing it directly.

    Anyone think it's the way of the future? Why or why not?
    Dec 5 08:16 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Gggl, what is the investing significance of this comment? What investing action do you recommend I take in light of Bob's apparently lying?

    Can't we have one day where we try to stay vaguely on topic? :-)
    Dec 5 08:11 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    What economic conditions?

    The market is way up, so it must not be that.

    The debt isn't going anywhere so it must not be that either.

    Ditto for unemployment.

    Please enlighten us about these "economic conditions" that will suddenly trigger your grand expansion.

    If you can't tell, my assumption is that you don't have the vaguest idea, and you're just talking smack. Until demonstrated otherwise, I stand by that assumption.
    Dec 3 06:54 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    In the short-term, for a swing trade, sure. But it will still implode, probably several more times.
    Dec 3 07:52 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Speaking of tulips -- when do we think Bitcoin will implode?
    Dec 3 07:19 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    > There are actually things I like about Warren. IMO she would take
    > a stand against the bankers that Obama and Ben refuse to do.
    >
    > Not so for Hillary as I remember her from the 1990's and think
    > she lied then, as now, about too many things (Rose Law Firm,
    > Whitewater, etc.).
    > And, yes, I dislike the RINO's also.

    The above contains no insults, some loose facts but facts nonetheless, and an honest reasonable opinion, all without attacking a commenter directly or indirectly -- obviously someone has hacked Wyo's account and is posting surreptitiously.

    Be careful old buddy, someone has guessed your password! ;-)
    Dec 2 11:32 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    While we're on the subject, I bet Palin will run in 2016, Herman Cain style -- not *really* running, but in the race to pump up book sales and speaking fees.

    You have to hand it to her, for all her apparent political ineptitude, she's been quite successful in building the business of her personal brand and net worth. Love her or hate her, she draws a lot of attention.
    Dec 2 12:27 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    In spite of all the hilarity he brings to U.S. politics of style over substance, especially in terms of foot-in-mouth sound bites, his foreign policy experience is rather solid. It was why he was selected for the VP slot to begin with.
    Dec 2 08:00 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Regarding retail, I keep getting lots of emails at my shopping email address saying that sales have been extended -- a sign of desperation?
    Dec 2 07:42 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    > "It" is that you'll never admit any democratic could be wrong

    I admit that plenty can be wrong. We're allowed to do that on my side of the fence -- Karl won't come and rip out our souls if we step out of line, like most people are afraid of on the right.

    The website rollout was a fiasco. The law has plenty of problems. We're still in Afghanistan, still spying on everybody, the financial industry has seen barely any reform or accountability, we still have Guantanamo, we still spend too much ... the list goes on.

    Worse yet, I saw a video of Obama missing a jump shot -- clearly the man is just a disaster.

    But the website is just a website, it's the law that's important. And the law, for all its problems and its pockets of hardship, is still better on the whole than what we had before.

    I'm sorry, but I summarily reject the conservative philosophy that if we can't do absolutely everything about something absolutely perfectly for absolutely everyone, then we shouldn't do it at all. That's just no way to govern. Certainly we should always strive to do more good than bad, but this all-or-nothing concept is complete nonsense in terms of public policy.

    > anyone who questions the anointed holy leader is a right wing
    > nut job.

    I encourage everyone to question! Absolutely!

    But you have to do it with facts, or at least with some common sense.

    In this poor boy's case, even if he did lose coverage "because of Obamacare", the common sense realization is that he's almost certainly eligible for some form of coverage, whether it's the CHIP he was on, or Medicaid, or a private plan found on the exchange or elsewhere. It seems pretty nonsensical to believe that he suddenly has *no* options, regardless of the cause.

    Reasonableness is all I ask. Lord knows there's plenty of reasonable gripes one could have against the left. It's not my fault you can't find them or can't reasonably articulate them.

    Nor is it my fault there seem to be so many *more* reasonable gripes against the right...but that one could very well be just my own personal opinion. ;-)

    > Sleep well tonight oh great one.

    You too old buddy -- come back with some facts on Monday! :-)

    You really do quite well when you decide to put some effort into it.
    Nov 29 04:57 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    > deductibles and annual out-of-pocket maximums...

    Agreed, but these don't look too bad.

    The first one (the $50/month one) is an HMO style plan that charges next to nothing (beyond the premium) if you stay in-network.

    http://bit.ly/1aeDaWU

    There's no out of pocket maximum, but if you stay in-network you hardly pay anything.

    From the plan description on page 6, having a baby costs $150 out of pocket, and diabetes treatments cost an annual $80 out of pocket -- pretty low costs.

    Hospital stays are no charge, specialty drugs are no charge, doctors visits are no charge.

    I suspect something like chemo would have some costs attached to it (though arguably it's simply a "specialty drug"?), but by all indications, it's a pretty darn good plan for a pretty small amount of money after their subsidy.

    $600/year in premiums, and let's say we double that for out of pocket expenses -- caring for a kid with cancer for less than $2K/year, on a $47K/year salary ...that's not necessarily cheap, but it's really not too bad either, all things considered.

    The cost could be higher, of course, every plan is different, call your insurer for details, etc, etc.
    Nov 29 04:39 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Personally, I don't expect a major correction anytime in the next few months. Maybe there should be, fundamentally speaking, but I still don't think there will be, for reasons that most of us are not fond of (QE, etc).

    But certainly it never hurts to be prepared, so in the event of a correction, my plan is not necessarily to seek out resilient holdings, but rather to move to cash and hunt for bargains amid the carnage, especially dividend growers.

    Chuck Carnevale has a few recent articles with some good suggestions (which he argues are fairly or even attractively valued even at these levels). Here is his latest:
    http://seekingalpha.co...

    A few specific names on my personal wishlist are (MSFT), (MCD), (ACN), (TGT), (BAX), and (GIS). I kind of like (INTC), but I'm on the fence, lately I just can't convince myself to actually place an order on them.

    Lately I've been selling near-the-money puts on those stocks and a few others, in the hopes of getting a good net entry price on a pullback, but with the anti-gravity machine seemingly running non-stop, all I've accumulated lately is the premium for the puts.

    I'm probably holding more cash than I should at the moment, so maybe subconsciously I *am* expecting a correction? I guess we'll all find out as it unfolds. :-)
    Nov 29 03:59 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I'm still waiting for actual facts to come out, as opposed to emotional drivel.

    It's okay Wyo, when it turns out to be a big overreaction, you can just buy me another beer, no hard feelings.

    Here's a few (reported) facts I found here: http://bit.ly/1aeD8yy

    1) The family was on CHIP -- you know, the government, so they are "takers"...aren't you supposed to automatically hate them?

    2) The husband worked some overtime and may have earned more than is allowed to be eligible for CHIP. (The only source for this is the seemingly hysterical mother, so I'd wait for confirmation.) He's a city cop, you know, "overpaid", and with "gold plated benefits"...aren't you supposed to automatically hate him too?

    (In truth, this is a recurring theme in the U.S. in a lot of ways: there are pretty good programs for you if you're just below the line, but if you're just over the line, you're kind of hosed.)

    3) Like many others who make a lot of noise but don't do much to help themselves, the family seems to not have even looked for a new private plan.

    Using the Wyo-approved HealthSherpa website, I find that the family qualifies for significant subsidies, and could get a Gold plan for a net cost of somewhere between $50 and $300 per month -- ballpark, I couldn't find all the ages, so I put in two 35 year old adults and two 7 year old children, and an annual income of $47,300 (which is about what she alluded to in the article).

    Several of the plans seem to offer quite good coverage if you stay in-network (ain't that always the way), though it's always hard to find the fine print on treatments like chemo.

    http://bit.ly/1aeDaWU
    http://bit.ly/1aeD8OO
    http://bit.ly/1aeD8OQ

    So let me put it how Wyo would put it he thought for a second that they might be liberals:

    "Maybe these takers could finally get off the government dole and put some of their gold plated government compensation to good use buying regular insurance like the rest of us Real Americans!"


    Or maybe we could all just calm down and wait for more actual facts to come out. :-)

    (Though I suspect that last bit is *not* what Wyo will choose...)
    Nov 29 03:42 PM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    WOAH! No one said anything about shaving! I said trimming, *trimming*!

    My beard and I are old friends, we go back almost as long as me and my good buddy Wyo do. And no I won't shave Wyo either, but I do always try to keep him trimmed and tidy, lest he get completely out of control. ;-)
    Nov 29 02:17 PM | 3 Likes Like |Link to Comment
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