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AnchorMan

AnchorMan
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  • How The U.S. Is Quickly Becoming A Third World Country (Part 1) [View article]
    Where are these imported "3rd worlders"??? The only ones I see are filling up corporate IT departments! And believe me, they don't make a 3rd world salary, many , many of these guys are in the low 6 figures....and they all speak english.
    Nov 23 07:29 AM | 2 Likes Like |Link to Comment
  • October Rally Keeps S&P 500 On '07 Recession Pace [View article]
    Yes
    Oct 15 12:34 AM | 1 Like Like |Link to Comment
  • French banking shares are among those taking the biggest hits in Europe today as credit markets move closer to pricing in 100% certainty of Greek default. SocGen (SCGLY.PK) -7.1%, taking out its post-Lehman low. Credit Agricole CRARY.PK -5%.  [View news story]
    agreed, but I look at it as an opportunity to add more SPY
    puts. went short oil and spy yesterday. didnt think "the speech" would move the markets up, and so far its looking that way.
    Sep 9 08:21 AM | Likes Like |Link to Comment
  • The FHFA could today file lawsuits accusing over a dozen large banks, including BAC, JPM, GS and DB, of misrepresenting the quality of MBS they sold to the GSEs during the housing bubble, sources say. Fannie and Freddie - and ultimately taxpayers - lost more than $30B as a result of the deals.  [View news story]
    SlingWing9, it was worth it because no ones going to jail! Corporations commit fraud, they pay a fine, individuals commit fraud, its off to the slammer!!
    Sep 2 08:09 AM | 1 Like Like |Link to Comment
  • Nouriel Roubini, better known as "Dr. Doom," believes if Bernanke doesn't announce QE3 tomorrow, it's definitely coming by year-end. "The reality is we’re heading toward recession," he says, "and one of the few policy bullets [the Federal Reserve] has left is monetary policy or QE3."  [View news story]
    so those entitled folks that you are commenting on, the bottom 40% of the nation that own 0.3% of the nations wealth, are our biggest problem? Interesting. Strip away all the entitlements that go to them and magically all will be solved??

    I see the sense of entitlement more of an issue with those in the top 20%, the spoiled brat nieces and nephews of mine who went to top notch schools their daddies paid for and now all they do is sit around and bitch about why no one will "give me a job". I told them last weekend if they dont STFU about it Im gonna bitch slap each and every one of them!

    You see they never had to work for anything, cell phones came out, they got one, learned to drive, they got a car, need new clothes, no problem, go to college, daddy paid tuition. Its a good thing daddy's not hiring, or this stupidity would go on forever. Now they are starting to wake up to reality.
    Aug 25 10:35 PM | 1 Like Like |Link to Comment
  • The Reagan tax cuts, still controversial 30 years after being signed into law, were highly stimulative, but only because the economic circumstances of the time - high inflation, high tax rates - made it so, Bruce Bartlett writes. Reenacting some version of the tax cuts under today’s conditions - near-zero inflation, low tax rates - would not bring about similar results, he says.  [View news story]
    You really cant compare the two time frames. Offshoring jobs was non-existent, there was no internet to facilitate such a transfer of work.

    Ive heard the 50% stat too many times from the righties, Really??? You rail about education, but would an educated person just read the ticker on fixed news and not spend a minute to do some research (valid research) to confirm that stat?

    So lets put it this way, what you are saying is that every other person in this country is on welfare. That just sounds stupid. 50% may be on some sort of assistance, like unemployment and SS, but we pay into those systems, it doesn't count, unless you're a fact checker at fixed news!!
    Aug 15 11:12 PM | 3 Likes Like |Link to Comment
  • The Reagan tax cuts, still controversial 30 years after being signed into law, were highly stimulative, but only because the economic circumstances of the time - high inflation, high tax rates - made it so, Bruce Bartlett writes. Reenacting some version of the tax cuts under today’s conditions - near-zero inflation, low tax rates - would not bring about similar results, he says.  [View news story]
    lowemoran, stop drinking the cool aid, Reagan is back, reincarnated as Obama. take away the healthcare thing which is pretty much going to die soon and he's running the Reagan playbook perfectly.

    Obama has wet dreams about walking hand in hand with the Gipper! Just look at the last few speeches he's made, always referring to the former president. He's got a man-crush big time....
    Aug 15 11:03 PM | 3 Likes Like |Link to Comment
  • Republicans pounce on the Atlanta Appeals court ruling against the President's healthcare law, saying it confirms their argument: "ObamaCare" must go.  [View news story]
    Well I was only kidding around, of course I have car insurance and Im way beyond the 20% so PMI is not something I pay. I have home owners too because if lightning strikes I certainly dont want to pay cash to fix things.
    Wyatt, I did not intend to advocate free cars/ food for everyone, I think your partisanship has taken a hold of you! Its real easy to get caught up in all of it (I know, I did 20 years ago), but I no longer watch/listen to that stuff, its just not productive, for me. I spent too much time worrying about that crap and found myself not having much for myself. I said the hell with it, started only concerning myself with improving my situation, and well I think Im better off and enjoying life much more.

    As for healthcare, I do believe single payer is the best option we have. Its in society's best interest to make sure everyone is taken care of in their old age if not by themselves than by the government. I really dont have the time nor the desire to step over 85 year old dying deadbeats in the streets on my way to the office. Sure, sounds callous and self centered, but if I have to pay a few extra bucks to keep these folks outta my sight Im okay with it.

    Kinda like prop taxes. I pay high taxes here in my neighborhood of Chicago. I can get the alderman or his second hand man on the phone in 15 minutes or less. There's a precinct down the street from me. Cops everywhere. Every now and then you hear about a purse snatching , other than that, there is no crime. There's a reason for that. lines are drawn, that element knows to stay the fuck away from my neighborhood because they would get picked up and taken down an alley so fast it would make their heads spin! So again, I dont mind paying a few extra bucks for this level of service.
    Aug 14 12:06 AM | 1 Like Like |Link to Comment
  • Republicans pounce on the Atlanta Appeals court ruling against the President's healthcare law, saying it confirms their argument: "ObamaCare" must go.  [View news story]
    can I stop paying car insurance now? its state law, forcing me to buy it, so it also must be unconstitional. And home insurance too, damn mortgage company forces me to buy it, I shouldnt have to any longer!

    We need single payer, medicare for all, or we are doomed. We tried it the other way (like when Jr. and congress gave big pharma a trillion dollar gift with medicare rx) and its not working.
    Aug 13 12:36 AM | 2 Likes Like |Link to Comment
  • Some early stock index futures prints: S&P 500 -2.5%, Nikkei -2.2%, German DAX -2.6%, FTSE 100 -2.7%, French CAC 40 -3.2%. Currencies: Dollar -1% vs. the swissie, -0.4% vs. the yen, -0.3% vs. the euro , +0.5% vs. the aussie, +0.4% vs. the loonie.  [View news story]
    i would agree with most of you, if the s&p opens down 30-40 points I think its easy money to jump on some SPY calls.....
    Aug 8 12:06 AM | Likes Like |Link to Comment
  • Despite what happened today, tomorrow's trading should be even more "epic," according to Joe Weisenthal: "The panic in Italy is real and it's only a matter of time before the banking system is infected." Add to the mix a potentially weak nonfarm payrolls report tomorrow, and it could get ugly very quickly.  [View news story]
    Laogao, I hear ya, Ive been in and out of short positions for awhile, never making a killing but usually glad when I closed out the position, until this week! The oil puts really made me feel bad, closed with a 100% gainer only to see it go to a 250% gainer 4 hours later!
    buybuybear and Coddy0, agreed 100% , sell any rally tomorrow, the trend is down and will be as bad if not worse than the dot com bubble!
    Aug 4 10:23 PM | 1 Like Like |Link to Comment
  • Despite what happened today, tomorrow's trading should be even more "epic," according to Joe Weisenthal: "The panic in Italy is real and it's only a matter of time before the banking system is infected." Add to the mix a potentially weak nonfarm payrolls report tomorrow, and it could get ugly very quickly.  [View news story]
    its going to be bad, but thats what everyone expects. The worse it is, the more likely benny and the feds jump in to save the day at some point.

    I covered s&p and uso puts today too early and started going long on the s&p when it was down 35, then double downed at the close, I hope Im right!!
    Aug 4 07:03 PM | 1 Like Like |Link to Comment
  • The Thomas More Law Center - a Christian legal group - files an appeal with the Supreme Court to overturn President Obama’s healthcare law. The formal request is for the justices to review a 2-1 federal appeals court decision that upheld the law last month, thus allowing them to consider the case later this year.  [View news story]
    nice! But I hope they win, as I will then stop paying income taxes, which the government requires us to do or pay a fine.
    Jul 27 07:54 PM | 1 Like Like |Link to Comment
  • The sky hasn't fallen, and the Obama administration's persistent warnings that the market would react negatively to the debt ceiling crisis may have undercut its negotiating position. “They have lost all credibility,” former TARP chief Neil Barofsky says. “It’s so typical of the way Treasury and the Fed treat everything - always to warn that Armageddon is coming.”  [View news story]
    obama v. boehner, repub v dems, really, who gives a shit??? how can I maximize profit based on what these idiots are doing is all I'm thinking!

    Shorted some oil today going into the close (USO puts) tempted to go long the dollar, (i think a deal gets done before the weekend) and if we get a nice drop over the next few anxious days might be a good time to go long the s&p on friday.
    Jul 27 01:57 AM | 1 Like Like |Link to Comment
  • The sky hasn't fallen, and the Obama administration's persistent warnings that the market would react negatively to the debt ceiling crisis may have undercut its negotiating position. “They have lost all credibility,” former TARP chief Neil Barofsky says. “It’s so typical of the way Treasury and the Fed treat everything - always to warn that Armageddon is coming.”  [View news story]
    .....and a democrat in the white house. in '06, the bill to raise the debt ceiling was 1 sentence long and signed off by EVERY republican in both chambers.....
    Jul 27 01:52 AM | 2 Likes Like |Link to Comment
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