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losbronces

losbronces
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  • Wall Street Breakfast: Must-Know News [View article]
    I agree with you there. Not much difference between the two parties.
    Mar 5 04:51 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Your cotton price is in cents of $US per pound, not $US per pound as shown. Imagine what a pair of jeans would cost if raw cotton was at $93/lb.
    Mar 5 01:09 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Obama continued with the military adventurism of Bush and even took it to new levels with more troops in Afghanistan; killing people via drones in Sudan, Somalia, Yemen & Pakistan; and the bombing of Libya to ensure the success of the rebel groups. He certainly sent arms to opposition groups in Egypt as well.

    Same warmongering from both parties. Here is the record of the vote for entering Iraq: http://bit.ly/yXYDgw (note the senate was controlled by the Dems at that point) and both parties overwhelmingly supported entering Afghanistan; there was only one no vote from the entire Congress for that one (link: http://bit.ly/z6k1pH). You are very wrong about the liberals in Congress not supporting war. If anything, Obama is worse than Bush with respect to using military action to further his foreign policy.
    Mar 5 01:07 PM | 3 Likes Like |Link to Comment
  • Already up on the day, crude oil flies higher on a report of an attack and explosion on a Saudi pipeline. WTI crude (USO) +2.3% to $109.48, Brent crude (BNO) +3.7% to $127.20.  [View news story]
    No mainstream media coverage and a denial by the KSA (not surprising), but oil traders reacted to the story.

    Not even mentioned in a Bloomberg story about WTI crude crossing $110.

    Very strange, you would think the mainstream media would at least mention it even if its a hoax.
    Mar 1 04:38 PM | 3 Likes Like |Link to Comment
  • 2 Basic Material Dividend Growth Stocks To Buy [View article]
    Yes, you will have stock in both companies representing your current ownership position. The question is what the dividend payments will be going forward.
    Feb 28 04:14 PM | 2 Likes Like |Link to Comment
  • One Of The Best Banks In Latin America Selling At A Great Discount [View article]
    There is a good story in this week's Economist magazine discussing the Argentinean inflation situation and the implications. Here is a link: http://econ.st/ycdTzt
    Feb 26 06:41 PM | 1 Like Like |Link to Comment
  • 7 Reasons To Consider Linn Energy [View article]
    Most states have a minimum that triggers the tax requirement. I suspect in most cases, you would have to hold a large quantity of units to trigger.

    Anyway, I use PWC to do my taxes. They are very conservative and if I need to pay, they will tell me.
    Feb 24 08:41 AM | 1 Like Like |Link to Comment
  • More on oil: The correlation between oil prices and equities is melting away, notes Scott Barber. Since the financial crisis, the oil price has been demand driven - with crude moving higher along with stocks. Of late, price moves are more to do with supply worries which could presage something less than positive for the equity markets.  [View news story]
    Yes, at this time (not for the first time) oil prices are related to supply worries and not the actual supply and demand situation. If those worries come to fruition, i.e., a major conflict in which Iran takes out nearby oil facilities, it will be very bad for equities. Just my opinion.
    Feb 23 07:19 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Not the first time Iran has threatened preemptive strikes as quoted in this paper from last year: http://bit.ly/A1R3qW.
    Feb 22 08:21 AM | 1 Like Like |Link to Comment
  • 7 Reasons To Consider Linn Energy [View article]
    If you are uncomfortable, don't do it. But be aware that when you sell, your cost basis for your units will be reduced by the return of capital portion of the distributions you've received.
    Feb 20 12:06 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Must be nice to change accounting standards at will, like GS & MS.

    I will be surprised if the administration can't manipulate their accounting such that they don't have to deal with the debt ceiling right before the election. The government is pretty good at changing standards to suite themselves.
    Feb 17 08:40 AM | 6 Likes Like |Link to Comment
  • The approval of Capital One’s (COF +2.5%) acquisition of ING Direct doesn’t provide clarity financial institutions were looking for as they think about transactions and regulatory hurdles, analysts say, with enough unique about the specific deal that it's difficult to draw much precedent.  [View news story]
    I have an ING Direct account too. Its just a place to park some cash, but their 0.86% interest beats the 0.01% interest that I get from JPM.

    If they try to implement any fees, I'm gone.
    Feb 15 05:33 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I am not saying fraud. I am saying it is a SOX violation and that its punishable under the law. If intent is still required, why bother with the expense of SOX compliance?
    Feb 10 10:57 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    What happened to SOX? Corzine signed off on the financial reports; therefore he is criminally liable under the law. That much at least should be obvious.

    SOX doesn't allow the "I had no idea what was going on" defense. That was one of the main purposes of the law, wasn't it?
    Feb 10 08:20 AM | 8 Likes Like |Link to Comment
  • Chesapeake's 50% Upside Well Ahead Of Linn [View article]
    You are right, Aubrey has every right to what he is getting. Look at what Zuckerberg is taking with FB (more than 50% of voting rights, twice the number of shares he will be holding).

    That said, I avoid companies where the former owner is taking too much. Although I must admit I do buy pure junk for purely technical reasons to trade.
    Feb 3 07:54 AM | 1 Like Like |Link to Comment
COMMENTS STATS
574 Comments
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