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  • Turns Out The 'Rising Dollar' Is Real [View article]
    Companies had no problem whatsoever with a weak dollar goosing sales. The worm has turned man up and take your lumps.
    Apr 23, 2015. 05:26 PM | 6 Likes Like |Link to Comment
  • Market Manipulation Takes Center Stage [View article]
    First, Phil it is good to see you publishing here. It has been quite a while. My recollection of the flash crash is a bit hazy but I recall the reason for the flash crash was a large hedge fund sold 5 billion S&P minis when the market was all ready tanking 200 points that day. The chain reaction was triggered and the hedge fund was immediately absolved of any wrong doing whatsoever. The moral of the story is never ever use stops unless you intend to sell. And never ever use market stops.
    Apr 22, 2015. 09:53 PM | Likes Like |Link to Comment
  • Why Greece Should Follow The Example Of Argentina [View article]
    Greece cannot default and receive the backing of ECB. If they default where will the euros come from? Might as well print some monopoly money and try to make (force) people to use it. Banks will collapse and vultures will try to take down some more in other countries and the EU and the ECB will have their hands full. The world markets will plunge to display their disapproval and I will be buying. I say bring it on and do your worst....
    Apr 22, 2015. 09:36 PM | 2 Likes Like |Link to Comment
  • What I Am Putting In My Tax-Free Savings Account [View article]
    CNR will benefit from a stronger US dollar and limited coal exposure which hurt NFS ans CSX. MCF will benefit from rising rates until the point they tip the economy into recession. Good picks.
    Apr 22, 2015. 04:57 PM | Likes Like |Link to Comment
  • Summary Of My Post-CPI Tweets [View article]
    Perhaps low rates are the source of the credit crunch.
    Apr 19, 2015. 09:55 AM | Likes Like |Link to Comment
  • Is A Leader In Social Responsibility But Improvements Still Needed [View article]
    BTU is socially responsible. They provide CO2 for plants.
    Apr 15, 2015. 02:52 PM | 1 Like Like |Link to Comment
  • Saudi oil minister says output to stay at ~10M bbl/day [View news story]
    I think we are all aware of the supply side of the equation. The real question is what is happening with the demand side. China (although they will never admit it) is and has been in recession for at least a year or more. What will happen when that turns around will have the biggest effect on energy prices.
    Apr 8, 2015. 01:34 AM | 2 Likes Like |Link to Comment
  • American Realty Capital: New CEO Sets Dividend Time Table [View article]
    My reading of the tax law regarding REITs is they have to distribute so much of their income or they revert to taxable corporation status. When does a REIT who fails to distribute income cross that line? I do not know but it is there.
    Apr 8, 2015. 01:21 AM | Likes Like |Link to Comment
  • Magazine piece catalogs NBC News problems; ABC takes ratings lead [View news story]
    I prefer NBR and PBS news. Al Jazeera news isn't bad either. I guess I prefer to read news via internet than watch it.
    Apr 8, 2015. 01:07 AM | Likes Like |Link to Comment
  • Environmental activists board Shell rig [View news story]
    Well according to Putin.....
    Apr 7, 2015. 12:19 AM | Likes Like |Link to Comment
  • Federal Reserve Exit Strategy: Number 15 [View article]
    What the fed should do is reduce its balance sheet by selling assets overseas. That solution would have two important benefits. 1) Keep the dollar stable and 2) stock up on ammo for the next down cycle.
    Apr 7, 2015. 12:10 AM | Likes Like |Link to Comment
  • Meet The New Recession Cycle- It's Triggered By Bursting Bubbles, Not Surging Inflation [View article]
    This comment makes no sense. The only asset that benefits from deflation is cash.
    Apr 6, 2015. 09:55 PM | 2 Likes Like |Link to Comment
  • 3 Days To Think About Bad News [View article]

    The interesting thing about AA is the stronger dollar seems to help their earnings. They sell things in dollars and buy things in other currencies. I expect an earnings beat. Not that seems to matter. AA tends to sell of after earnings. Since Klaus will be making the TV circuit pay attention to his presentation. If he is all smiles and talking rainbows and unicorns then the business is in trouble. If he is stern and serious AA is kicking butt.
    Apr 4, 2015. 12:22 AM | 2 Likes Like |Link to Comment
  • 2 Quick Items: Negative Interest Rates And A Minimum Wage Increase [View article]
    So. The only ones who pay the price of negative interest rates are institutions? Methinks there has to be more effects that effects everyone in one way or another. Also negative interest rates has to be unstable. Even institutions will not tolerate negative interest rates long term. My guess is the money will move to more accommodating locations over time causing very negative consequences (deflation) to those countries current accounts.
    Mar 31, 2015. 09:44 PM | Likes Like |Link to Comment
  • Dark Pools Control Stock Prices [View instapost]
    Interesting. I have in the past, accumulated large positions (relatively speaking) in micro caps that if I ordered all at once would definitely move the price unfavorably. What did I do? I would set limit orders under the bid all or none and wait. Exit strategy was same except fortunately the market and float increased while holding so I could sell bigger lots on the way out years later. My guess if large funds might be using the same approach with much larger caps. Since I always hold a position for at least a year to generate long term gains I care little about the noise created by HFT or dark pool movements. As a matter of fact I am often the one accumulating while a stock is in distribution phase because eventually the tide will turn especially with cyclical stocks.
    Mar 30, 2015. 09:39 PM | Likes Like |Link to Comment