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History Buff 24/7

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  • Gold Stock Fundamentals: Now vs. 2008 [View article]
    Kudos for pointing out the differences between now and 2008. Though there are deflationary and deleveraging forces present things are not likely to play out the same way.

    It's not guaranteed that gold will go up in this environment, but it's still a pretty good bet.
    Jun 11 04:26 PM | 2 Likes Like |Link to Comment
  • BP: Still Not as Evil as Goldman Sachs [View article]
    The difference between BP and GS is intent.

    If you do something stupid but unpremeditated (BP) and kill someone by accident, you may still go to jail but they won't be nearly as hard on you as if you hired a hitman and paid them to kill a person.

    GS knew subprime was tanking and dumped a bunch of their long positions and went short, all the while telling their clients how great the housing market was.

    GS hired the hitmen and then paid them to dump the body. You can prove intent with GS.
    Jun 11 03:23 PM | 11 Likes Like |Link to Comment
  • Bernanke says he doesn't "fully understand" surging gold prices, as worries about inflation expectations should be matched in other markets (TIPS, and commodities like copper) - but aren't.  [View news story]
    BTW, this is correct, he got 1590 out of 1600. So the issue here isn't his intellect, it's how he uses it.

    You people giving this poster a thumbs down, what's your point? Can't handle the truth, or just don't like it? Or just trolling everyone on this article, you cowardly scum?
    Jun 9 05:19 PM | Likes Like |Link to Comment
  • Bernanke says he doesn't "fully understand" surging gold prices, as worries about inflation expectations should be matched in other markets (TIPS, and commodities like copper) - but aren't.  [View news story]
    Trolled again. Somebody really doesn't like us talking about Chairman Mao (oops ... sorry, I meant Chairman Bernanke)!
    Jun 9 01:44 PM | 3 Likes Like |Link to Comment
  • Bernanke Testimony Indicates Fed Still in Denial [View article]
    Everybody that commented on this just got trolled. I'm giving a thumbs up to everyone's comments just to compensate a bit.

    Guess Ben's gnomes are hard at work keeping the economy going!
    Jun 9 01:42 PM | 20 Likes Like |Link to Comment
  • The Markets Still Love Bernanke [View article]
    Exactly which markets love Bernanke? The market that small investors are afraid to venture into because the big investment banks are going to eat their lunch? Or the high frequency traded, gamed and manipulated markets whose participants are informed in advance of the entry and exit points and can make money at will (Remember Goldman Sachs made money 61 out of 61 trading days in the first quarter)?
    Jun 9 01:12 PM | 6 Likes Like |Link to Comment
  • Bernanke Testimony Indicates Fed Still in Denial [View article]
    "The Fed put the interests of the banking community over those of the American public and this is what turned a bad recession into a bad depression"

    This just goes to prove, the more things change, the more they remain the same. Change the name of the decade and the names of the players, you still get the same old horse puckey.
    Jun 9 01:08 PM | 27 Likes Like |Link to Comment
  • Jobs Report Suggests U.S. Economy Is Not in Trouble [View article]
    To Daily Trading:

    What planet are you on? Or drug?
    Jun 9 12:38 PM | 4 Likes Like |Link to Comment
  • Bernanke says he doesn't "fully understand" surging gold prices, as worries about inflation expectations should be matched in other markets (TIPS, and commodities like copper) - but aren't.  [View news story]
    Ben is just talking his book, if it makes him sound like an idiot he doesn't care, he's not paid to sound smart, just to follow his orders.
    Jun 9 12:34 PM | 4 Likes Like |Link to Comment
  • Gold: A Wonderful, Terrible Global Investment [View article]
    NOTHING has any intrinsic value. All value of all investments is relative to the situation. If you are in a spaceship running low on oxygen an oxygen tank might be worth a billion dollars to you.

    In most of the world there has been a push towards transparency in accounting standards to make it easier to value different companies and different investments. This has been countered by the financial services industry with ever more opaque financial instruments and ways to help companies (and countries) hide their liabilities and debt. There are also more and more market manipulating activities going on by central banks and by large banks and hedge funds.

    In this kind of environment gold is going to continue going up because it is going to be impossible to determine the fair market value of anything else. The price discovery mechanisms that are critical to free and efficient markets have been gamed, manipulated and trashed by corrupt bankers and government agencies.
    Jun 9 12:02 PM | 2 Likes Like |Link to Comment
  • Why to Question the 2010 Stock Market Rally [View article]
    Even people that don't remember what happened between 1929 and 1934 have read about it. That's one thing that has kept a lot of people out of the market over the last two years. What most people don't understand is how much worse off we are now as a country in terms of our debt to assets ratio and debt to income ratios. In other words, if you factor out all of our tech toys and stuff like that, we are MUCH MUCH worse off financially then we were in the early 1930s.

    Forget double dip recession. We are in the middle of Great Depression #2, we just don't know it yet.
    Jun 8 07:59 PM | 4 Likes Like |Link to Comment
  • Today's corporate profits reflect a production and income shift away from 2011, when tax rates will rise, into 2010, Arthur Laffer says. The result will be plunging profits and stocks next year. Remembering surging growth rates when Reagan's tax cuts took effect, Laffer says "Obama's experience with deferred tax rate increases will be the reverse. The economy will collapse in 2011."  [View news story]
    "Collapse" is such a strong word. Can't we settle for "soften", or "ease", or something else that doesn't sound so harsh?

    Of course, what do you expect from an executive branch that doesn't understand what a P/E ratio stands for?
    Jun 7 06:24 PM | 10 Likes Like |Link to Comment
  • Gold vs. Real Assets [View article]
    A Picasso may or may not be "pretty" to look at, but at least it's something to brag about owning even if it's not to your particular taste.

    Gold is pretty. Really, really, pretty. Always has been, always will be.
    Jun 7 06:19 PM | 1 Like Like |Link to Comment
  • How Crowd Sentiment Will Limit Any Further Downside [View article]
    "Oversold" is such a relative term.

    The bounce in USD is due to two main factors right now -- possible disintegration of the Euro and short term deflationary pressures. Gold is continuing to go up just based on the fact that it's getting so hard to value anything else, including the dollar.

    Fear and doubt is not a good environment for equities. And as much as everyone would like for things to get better, there is a possibility we are rerunning 1929-1934 and not 1982-2000.
    Jun 7 05:04 PM | 3 Likes Like |Link to Comment
  • The U.S. recovery is going just fine, and potential bad news is discounted in share prices, Abby Joseph Cohen says. Rather than focusing on Greece or the recent jobs report, investors should consider the big picture - the underlying health of the economy and whether GDP growth and job creation will improve.  [View news story]
    A truly contrarian point of view would indicate that everyone being so bearish would indicate it must be time to buy. Unfortunately contrarianism is not always a good indicator.

    In this case I think the real issue is with Abby Cohen and with Goldman Sachs. Consider the source. For some reason when you hear a bullish call from the general direction of Goldman Sachs the first thought in the minds of many is that they must have some long positions they want to unload ...
    Jun 7 04:56 PM | 5 Likes Like |Link to Comment
COMMENTS STATS
415 Comments
1,521 Likes