kurt walter

226 Comments

    • Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [view article]
      I see our government bailout of Fannie, Freddie, Bear or anything else moves us closer and closer to socialism. Elect Obama and a democratic majority in congress and watch the socialism expand to levels that would make LBJ's "Great Society" welfare state seem like a drop in the bucket. Understand that government bailouts and welfare state policies give more and more power to the federal government. Therefore, taking away individual choice,freedom and liberty. For every government handout at taxpayer expense expect the State to decide your fate. We will see on November 4 if citizens want big daddy government --yes, those goof balls in congress -- to tell you what to do and when to do it. Sep 06 01:13 PM
    • What Did Buffett Buy: American Express or Wells Fargo? [view article]
      Both have serious troubles. AXP credit card debt is the next shoe to fall. WFC, oh those lousy loans. Aug 26 02:20 PM
    • Berkshire Hathaway: Like a Kid in a Candy Store [view article]
      Saint Warren's Berkshire is too big. There are lots of better investment choices. Aug 25 08:02 PM
    • How Do You Know When to Buy Stocks? [view article]
      I have a secret list of TV talking heads that tell me what to do. Whatever they say, I do the opposite and make money. Aug 25 08:01 PM
    • The One Buffett Biography Worth Reading [view article]
      Yawn. There are too many books about Saint Warren already available. Aug 25 07:59 PM
    • Obama Is Bad for the Economy - Barron's [view article]
      On November 4, we will see if American votes for its first socialist/Marxist president. Aug 25 07:58 PM
    • Insana Capital Partners' 'Legends' Hedge Fund To Close [view article]
      Hedge funds remind me of cocaine. People still do those things? 2% and 20% is a con game for suckers that have too much money to waste. It is a fantastic gig for hedge fund managers (glorified paper shufflers) and those brokers that sell this crap to deep pockets. Aug 25 07:56 PM
    • GE: Exceptional Total Return Potential at the Current Price [view article]
      GE is too big. There are thousands of better stocks. Aug 25 07:54 PM
    • Buffett: I Was Wrong on Anheuser-Busch [view article]
      News Flash: Saint Warren screwed up. Aug 25 07:52 PM
    • What the Homebuilders Are Telling Us [view article]
      What do they call a former homebuilder? Yeah, waiter. Aug 25 07:51 PM
    • Subprime Delinquencies Slowing? Guess Again [Housing Tracker] [view article]
      The mortgage market will only be getting worse over the next few years. Why? There are tons of adjustable rate mortgage loans that will be adjusting in 2009, 2010 and 2011. The tidal wave will be coming. You haven't seen anything, yet. Aug 25 07:50 PM
    • Lax Underwriting , Foreclosures, and Credit Crunch Stimulate Misery Industries [view article]
      I have yet to read any story about someone putting a gun to a citizen's head and forcing him to take a exotic, mindless real estate loan. I am still waiting. Aug 25 07:48 PM
    • Why $200 Oil Is Good for US Markets [view article]
      $200 oil will be good for those that are long oil futures, own oil service, drilling companies, Canadian oil trusts and are short the U.S. dollar. Otherwise, I don't see it benefiting that vast majority of individual money management morons that encompass the general population. Aug 25 07:46 PM
    • The Obama Plan: We Can't Entitle Our Way Out of Paying Taxes [view article]
      The demise of the pension system will be giant problem when people start retiring. Why? The 401k system IS better than the monthly pension system. But, people are not putting enough money away to take advantage of the 401k system. I have worked at places that the majority of people are not even in the 401k plan. They are morons. If they do finally sign up, they put as little as possible in instead of the max allowed. The fact that so many people carry credit card balances month to month makes my point, too. Poor fiscal responsibility is not just the federal governments domain. Many individuals are ignorant, too, when it comes to basic money management. Aug 25 07:42 PM
    • E-Trade Financial Carries High Risk-Reward [view article]
      ETFC is priced like an option. Aug 20 07:36 PM
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