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J.Stevens

J.Stevens
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  • The Ultimate Guide to the Palladium ETF [View article]
    Are there any special tax problems with PALL?
    Jan 13 11:05 PM | Likes Like |Link to Comment
  • Stop the Presses Bernanke, Geithner Is Out of Control! [View article]
    I sincerely believe that many of our present government leaders are impaired. It may be simply an intellectual failure but it may be something more ominous.
    We have had many congressmen terribly alarmed that our athletes may be taking steroids, causing unfair performance advantage, but we hear nothing about a concern that the men making the most serious financial decisions in our history are not being tested for drugs that may be causing the bazzar judgements we now are witnessing. I hope that they will realize that the public is quite aware that narcotics are poisoning many aspects of our society and, quite frankly, many of us see a possible explanation for our nation's present economic mess.
    Mar 18 01:37 PM | 3 Likes Like |Link to Comment
  • Last Thursday Was the Bottom - It's Time to Get Back in [View article]
    I, like the author, believe we're approaching the bottom for many stocks, but not all. I recently purchased some gold, because I can't imagine 7.4 trillion dollars of recent planned stimulation not pushing gold up a good bit. I think the idea of correcting the housing problem is to deliberately cause re-inflation and, if so, it'll probably work. But cash will lose a lot of it's remaining value. I also bought oil and NG trusts because many or back to their January prices and OPEC is very, very likely to cut their oil output. Even the Saudies are now calling for $75 per barrel of oil. I recently added to my pipeline stocks because higher oil means more need for more pipelines to serve the new oil and gas production from fields now being found in areas where pipes are not yet serving. I've also been buy some of the better yielding electric utilities. We need more electricity if we're going to be buying electric autos and we we really must. Soon, our old fashion utilities will be chin deep in orders for more power and stringing wire everywhere. Many of our misplaced workers will find a lot more work than they expect. Already experiments in city parking lot electric outlets are showing promise.
    While many people a few years from now will be crying about missing their opportunity back in 2009, I may be driving by in a strange looking vehicle, throwing out sparks in all directions. Then, again, I might be busted, poor as a church mouse.
    Nov 30 03:24 PM | 1 Like Like |Link to Comment
  • Wall Street Recession Vs. Main Street Recession [View article]
    I am worried, but, like so many others, I'm having a very tough time justifying my worrying. So far, this year, this market has been much kinder to me and my friends that the indices would suggest. I don't know why, but I am beginning to think we're all embarrassed and don't wish to hurt anyones' feelings. Worse. every one of us who have recently prospered on this market have been advantaged by the prospering of others. Though gasoline is a little more expensive, and food has gone up, particularly lobsters, one can back off the high-priced food and return to the healthy stuff. Some of the talk of inflation is justified but it is not as crushing as it's being depicted. I think this may become one the better years from an investor's standpoint. And I'm one of those pathetic old people we all read about!
    Feb 13 02:59 PM | 1 Like Like |Link to Comment
  • GE's Cat Is Out of the Bag: Focusing on Smaller Caps [View article]
    A smaller cap certainly has the advantage in the scenario of a rapid growth time frame, if growth conditions are optimized. But, presently, there is a great strain on our economy and cheaper money may not mean gtreater growth. This is particularly true when fed rates are being dropped as fast as possible in an effort to abort a market collapse. New products and new growth are not helped by our present national mindset. GE, however, can presently self-finance, also has access to credit everywhere and can make sales in markets much less stressed than here in the U.S.. It's size may slow it's percentile growth rate, but it also suggests its' size assures growth even whem growth is more difficult to achieve. I like small caps, but I don't think size is as important at one time as at another.
    Feb 13 02:35 PM | Likes Like |Link to Comment
  • Who's Failing Us With Bad Information? [View article]
    I agree but would add. Any who fail to enforce legal statutes are to blame. Fraud and criminal behavior are like weeds, appearing and growing wherever possible. Governance should include governing. We no longer have governing in any great sense of the word. We have, "Oh! It makes me sad!" We no longer even are allowed to be "mad!", just "Sad!" . Our bravest and best are in harm's way, doing their best to protect us, facing injury and death, but our leaders appear primarilly to be trying to protect the wallets of a defacto aristocracy. No child left behind should be altered to little justice left behind, or a threatened future left behind.
    Nov 11 05:28 AM | Likes Like |Link to Comment
  • Who's Failing Us With Bad Information? [View article]
    Most of the problems we have can be directly traced to the failure to hold scoundrels and crooks accountable fo their wrong-doings. Years ago, I had good friend from the Dominican Republic who once said, "You know, "Jeem", if a man is rich, he will not be sent bills very quickly. If he is rich enough, he will never be sent a bill. ". Today, we can see that if a man or group of men are rich enough, and placed well enough, they will never have to be subjected to justice or even be questioned by the law. Until recently, I thought it was only the poor who were regularly at the lowest levels of justice protection. Now, I, and millions of others can see that the middle classs doesn't count either. For example, is Mr. Paulson still working for GS or is he working for us? Are we to be forced to make sure he and his rich friends have their flawed "due diligence" behavior covered by our taxes and our childrens, now and forever into the future? Have we now traded in out democracy for an autocracy of economic scoundrels? We are no longer merely threatened by monetary meltdown. We are threatened by a loss of any faith that we even have a democratic enforement system of law. Everyone is not responsible. The guilty only are responsible. We must find them, convict them, and punish them, not forgive them and reward them. They are SOB's and potential killers of all our futures.
    Nov 11 05:09 AM | Likes Like |Link to Comment
  • Asset Class Behavior Following Fed Rate Cuts [View article]
    Where do we take our dollar to exchange it for something that will not be deflowered, oops, devalued as the U.S. fed continnues to drop rates until we have equalled Japan's recent misery?
    Oct 2 05:19 PM | Likes Like |Link to Comment
  • Use Your Gas More Efficiently [View article]
    It makes one wonder whether the average citizen is a little bit demented to not be encouraging a return to 55 mph limits on secondary road and 60-65 mph on the four lane highways. The improvement in milage would have a profound effect on our fuel prices and our improvement in discretionary income. Not only our personal expenses, but the prices of many products requiring truck transportation could be improved. The only price would be a slight increase in the average time required from point A to B. This is not new information. It's been known for many years.
    Sep 27 12:24 PM | Likes Like |Link to Comment
  • Are Subprime Mortgages an Illiquidity or Credit Event? [View article]
    It's good to know everything's O.K. after all.
    Jul 4 11:51 AM | Likes Like |Link to Comment
  • The Fed Won't Cut [View article]
    Over 50 years ago, I recieved a bronx cheer in an econ class for suggesting that Keynesian economics might be as dangerous as it seemed to be useful. My argument was that it could be an uncontrollable genie. Once released the genie might inevitably seduce the public into believing all economicly painful setbacks, even without a crisis, should be relieved by another glass of "deficit" booze. If borrowing rates are lowered enough, no one would really need to earn a living.
    You can buy a lot of votes by playing Santa Claus at the expense of the future.
    Jun 6 10:53 AM | Likes Like |Link to Comment
  • Home Equity Debt: The Long Slow Squeeze Continues [View article]
    Many seem to believe that you must prove your credit worthiness by maintaining large levels of debt. That's the equivalent of a prisefighter letting his opponent take his best shot, thereby proving what a man he is. It's just unfathonable how people can place themselves in such economic vulnerability.
    May 1 12:05 PM | Likes Like |Link to Comment
  • Narrow ETFs: For the Right Time and Place [View article]
    I think there might be some merit in expecting those who run a fund to put up some of their own money. The idea that investment services are professional, being held to strict principles of serving the client's needs above all, is not a reality. They are not required to do much more than avoid obvious criminal behavior, so why must they care if they're making a bunch of mistakes because they aren't behaving well? Doctor's and lawyers and teachers have someone looking over their shoulders all the time. If they do harm, there are very punitive systems in place to teach them to behave. That is not necessarilly true for investment gurus, whose first assurance is to promise big returns. These are soon f0llowed by a mild reminder that they are almost always correct though no one can promise that their previous infalability will continnue. I don't think it's a juvenile idea, but I do think it's a thought that might scare a lot of guys who talk out the side of their mouths.
    Apr 7 10:49 AM | Likes Like |Link to Comment
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