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  • Why This Is The Most Hated Bull Market Of All Time - Understanding The Folly Of Financial Engineering [View article]
    The total tax the rich pay is minimum.
    Because all others pay a lot more in sale tax, social security tax, medicare tax exercise tax etc etc etc
    That is why Warren Buffer said his tax rate is lower than his secretary.
    Jul 24, 2014. 11:29 PM | 13 Likes Like |Link to Comment
  • The Sound Of Silence [View article]
    Actually since 2011 almost everyday someone said the market is at the top and will go down big time very soon. I have never read about them saying sorry for their horrible predictions. Some are doing it continuously for 4 years.
    I am sure one day they will be right and then they will say I told you so.
    My main retirement account has tripled since the low of 2009 and doubled since 2011. If I stay on the side line like all those negative predators suggested I would have miss one of the biggest bull market in the history of the US. I hope all of them have short positions and suffer even more. But in reality they probably have no position and just try to make money by publishing newsletters and as advisors.
    Let me ask you a question. If someone is really good in investment advice why would he even border publishing and advicing? Why not get into the game and trade for themselves or get a hedge fund set up for themselves? You only need to have a few thousand dollars and start with stock options and you can build up to millions if you are as good as some of them claim they are. Why keep saying they are making trades that gain 50% or more in a few weeks. May be those great trades cannot cover their other loses. I know a lot of people who have lost money in buying penny stocks and trading. I know more conservative investors who seldom try to time the market that have accumulated great wealth.
    May 23, 2014. 12:17 AM | 11 Likes Like |Link to Comment
  • Will Your Retirement Savings Last? [View article]
    That is my rule of thumb too. Assuming your investment will keep up with inflation and you live for 40 years that come to 25 times your yearly expense needed for retirement. But that assumes you have 0 other income. Most people has social security and will reduce the amount down by quite a lot if your living yearly expense is not high.

    For a low living expense of 60,000 a year and you have 30,000 a year in social security that means you only need 30,000 more and 25 times that is only 750,000.

    You should be very comfortable if you have your house pay off and not count that as part of your retirement saving and use your house as the emmergency resources.

    You can achieve that easily if you just put in the max for your 401k and ira during your working years. Unfortunately that is not the US culture. People in the US in general have very little saving and they just spend money and want everything. I would say 75% of them cannot have the same living standard as before they retired and forget about extra travelling or doing things with their extra time.
    Mar 9, 2013. 08:56 AM | 11 Likes Like |Link to Comment
  • Apple's Earnings Fall Is Completely Unjustified [View article]
    I'll tell you why people in the US is buying so many old model iPhones. People in the US only look at the money they have to pay now and it is between free and $199 to $299. What they do not understand is that actually the price is something like $399 for the free phone and $599 to $699 for the new model. If I have to say buy a DVD player for $199 or just get one free and it does have most of the basic functions I would take the free DVD player also. For me I always get the phones I want and never look at the price because I know the real difference between them are very small. The only exception is the amount of memory whether that is worth it or not.
    Jan 23, 2013. 06:29 PM | 10 Likes Like |Link to Comment
  • John Hussman: This Time Is Different, Yet With The Same Ending [View article]
    When I read this article it seems like he is saying he was right in the past. Then I read the comment about him saying major market correction years and years and it never comes. So I try to look up his past articles.

    At the bottom of the bear market when stocks are extremely undervalues here is what he said.

    Excerpt from the Hussman Funds' Weekly Market Comment (3/16/09):
    In any event, it is difficult to view stocks as being extremely undervalued unless we assume a sustained return to the unusually elevated profit margins of recent years.

    Excerpt from the Hussman Funds' Weekly Market Comment (4/20/09):

    The current bounce was fueled by a combination of deteriorating but “less bad than expected” economic reports (therefore counting as “upside surprises”), as well as what can only be considered misleading and semi-fraudulent earnings reports from distressed financial companies (the CEOs of these companies should be careful, because Bernie Ebbers is their poster child). Overall, the picture looks a lot like the bounce we observed in May 2001 (just before unemployment shot up and the market plunged again to fresh lows),
    Excerpt from the Hussman Funds' Weekly Market Comment (10/19/09):

    In reviewing the status of the market late last week, the condition of the data was something of an anomaly in that regard. On the valuation front, stocks are presently overvalued, but to levels that we've observed at least several times in history. The anomaly relates to market action, where we can no longer find a single historical instance where stocks were more overbought on the combination of short- and intermediate-term measures we respond to most strongly. Indeed, only one instance comes close, which is November 28, 1980.

    Excerpt from the Hussman Funds' Weekly Market Comment (7/26/10):
    My basic concerns are the same here. Investors who will need to fund specific expenses within a short number of years - retirement needs, tuition, health care, home purchases etc - should not be relying on a continued market advance. If your life plans would be significantly derailed by a major market decline, get out.

    Excerpt from the Hussman Funds' Weekly Market Comment (11/26/12):

    In the day-to-day focus on the “fiscal cliff,” our own concern about a U.S. recession already in progress, and the inevitable flare-up of European banking and sovereign debt strains, it’s easy to overlook the primary reason that we are defensive here: stocks are overvalued, and market conditions have moved in a two-step sequence from overvalued, overbought, overbullish, rising yield conditions (and an army of other hostile indicator syndromes) to a breakdown in market internals and trend-following measures.

    I am 100% sure he will be right someday and then he will tell me I told you so. But in the mean time he miss almost all the gains in this bull market. I am sick and tired of reading this kind of reports and I am sorry for those who follow them and miss the whole bull market.

    The truth is you can lose 50% in a major bear market and they always recovered within a few years. But if you lose 200% gain in a bull market you will never recover unless the market dropped by 70%.
    Jun 24, 2014. 12:20 PM | 9 Likes Like |Link to Comment
  • Correction 2014: Take Cover [View article]
    Only traders need to worry about corrections. Long term investors only need to worry about bear market. A correction by definition is a downturn which will be over in a few months. Almost every year there were corrections of at least 5% and I believe there were one big correction a few years ago for 20%. But for long term investor all you need is sit there and do nothing for a few month and you recovered all the lost plus some more gain.

    I do not have any problem if you want to buy some put to protect for a big down turn into a bear market because option premium is low. I do not believe there is much chance for a bear market in the next 2 years due to all central banks are pushing for low interest rate and the US economy is doing well.

    You use cover calls to increase your yield and it is useless for downside protection. Selling cover calls and buying puts at the same time is not for any individual investor to do. If you are a big hedge fund and you have computer programs to calculate all the possible changes in the stock market and optimize everything you may be able to do that. For individual investors you do not have the tool or the money to pay for all the overheads in commission and slipperage to make it worth your effort.
    Jun 8, 2014. 01:28 AM | 9 Likes Like |Link to Comment
  • Apple Mostly Just An Overvalued Hardware Stock; New Catalysts Needed [View article]
    I am not an Apple fan boy and I am not even bullish on Apple (but I do believe Apple's down side is less than the overall market) but this article is 100% wrong when it say Apple is a hardware company. At least 50% of Apple is not in hardware. Also the author probably have little technical \knowledge. My guess is Apples R&D is only 15% in hardware.
    Feb 4, 2014. 08:37 PM | 8 Likes Like |Link to Comment
  • Investors Beware - The Misplaced Infatuation With Gold Could Cost You Dearly [View article]
    All I want to say is there are about 1.3 billion people in India and China and that is about 45% of the world.
    99% of them wants to buy gold.
    They will only buy and keep buying
    They only sell them if they are broke
    People in the US can never understand that basic culture. Most people in the US do not look at gold as something that is important to hold
    Jan 29, 2013. 01:41 AM | 8 Likes Like |Link to Comment
  • My Prediction For 2013 - The Only Prediction You Will Ever Need [View article]
    you do not need to post 3 times and be so negative about the author with your ignorance shown to the world.
    First of all FXI is by far the most broad base large cap china etf and is probably use the most by professionals if they want to have some money invested in China. It is like SPY for the US etf. The fact that other etf may have better returns does not means FXI is not the best broad base etf for China. I can find many other US etf that have better returns then SPY and that does not mean SPY is not the best broad base etf for US stock.
    Secondly if you think 10,000 shares daily volume do not mean the etf is not liquid and you think the author should pay you for your advice then I would say I would not even accept you as my student even if you pay me. 10,000 shares of an etf that is traded at $40 a share is not even consider to be a very large block as one trade. My standard trade size for BAC at $11 is 100 options or 10,000 shares of stocks and that is just a small trade for the market.
    Dec 29, 2012. 02:33 AM | 8 Likes Like |Link to Comment
  • Apple's Decline: Thanks, iPad Mini [View article]
    i just ordered a lenovo 13.3 ultrabook/tablet and is on a waiting list that they said is more than 4 weeks long. It is $1500.
    The top end game just started and apple has no product to compete in this market. I believe Apple is still dreaming and think their mac/ipad line is good enough to compete at the high end
    Dec 9, 2012. 01:24 AM | 8 Likes Like |Link to Comment
  • Retirees Please Don't Index, You Deserve Better Than Average [View article]
    most of the people that I know of are millionaires or multi millionaires never pick and buy any individual stocks. They either make it through their own business or cash in on stock options. The others are just good savers and spread their money over many different investments.

    Most of them make more money from real estate than the stock market.
    May 29, 2014. 08:04 PM | 7 Likes Like |Link to Comment
  • Why India Will Soon Outpace China [View article]
    The only thing that is important is the living standard of the people.
    To be more specific it is the year to year changes in the living standard of the middle 80% of the people (remove the top and bottom 10%) and also the actual level of the living standard.
    India has not done well in the last 50 years and China has done extremely well in the last 30 years. One reason is the caste system and as a result the top 10% in India has done very well while the rest have suffered. India has the 4 of the top 10 most wealthy family in the world and yet it also has the most people under the poverty line, more than all in Africa.
    May 5, 2014. 04:13 AM | 7 Likes Like |Link to Comment
  • IBM: A Disaster In The Making [View article]
    Netflix has no issue with security.
    all its content are not theirs and is all available and open anyway.
    they only have a very small amount of customer data that is kind of important. But even if that is leak they just say sorry and it is all over.
    Try to have a document on your product to be leaked out.
    Try to have you secret formulae like coke has to be leak out.
    How about how you drill your most suffiscated well leak to your competitor.
    Apr 23, 2013. 10:42 AM | 7 Likes Like |Link to Comment
  • House Budget Committee Chairman Paul Ryan calls his latest budget proposal "an invitation to the president of the United States, to the Senate Democrats to come together to fix these problems." Democratic Representative Chris Van Hollen says it's a "total uncompromising" blueprint and dead on arrival. Hollen adds a warning to the markets as well, noting that despite the healthy performance of stocks recently, the impact from another stalemate will likely reverse those gains very quickly. [View news story]
    Paul Ryan think he won the election
    Mar 12, 2013. 08:14 PM | 7 Likes Like |Link to Comment
  • What If Google Glass Flops? [View article]
    I for one cannot use it even if it can fly
    I already have to wear glasses.
    Too many people cannot take any distractions especially driving.
    The first time someone wear the glass and kill someone while driving they will sue and Google will pay. All you need is prove they are 0.00001% responsible for the accident.
    Mar 12, 2013. 05:09 PM | 7 Likes Like |Link to Comment