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  • Why The Stock Market Is Rooting For Obama [View article]
    Spending is cultural. Witness the boobs with two car loans, boat loan, mortgage, home equity, 401K loan and multiple credit card debts. Everyone wants to point the finger at the government, and no doubt deservedly, but avoids the mirror. If culture changes, the government will follow over time.

    But, I am not optimistic. Few understand delayed gratification or asset accumulation via saving rather than leverage. Leverage is a bit like heroin. It can be used wisely for pain and compassion or abused until the user is dead. So far, the diagnosis is in but the patient has not significantly changed their habit.
    Nov 4, 2012. 09:12 AM | 5 Likes Like |Link to Comment
  • Why The Stock Market Is Rooting For Obama [View article]
    Pat, I'd like to buy a vowel...
    Nov 4, 2012. 09:02 AM | 1 Like Like |Link to Comment
  • Investing Means 6, 12 And 18 Years, Not Months [View article]
    Don't have sour grapes since I sold at 130. Others who held on, some to this day, kept telling me you have to be in a stock for the long term, similar to the authors mantra. HP never had a quick, precipitous decline and for the most part, maintained good fundamentals. Its just been a long term ride into irrelevance and impotence.

    Another example? A friend and his wife decided to own CITI in retirement for the secure dividends and security of banking stocks which they rode from 50 to 3. Dividends are gone and so is their equity.

    The problem I have with the article is it turns a trite phrase into a system. Would have been more accepting with a jaych79 approach but that doesn't seem what the author is encouraging.
    Oct 28, 2012. 09:24 AM | 1 Like Like |Link to Comment
  • Investing Means 6, 12 And 18 Years, Not Months [View article]
    Gee, I guess selling HPQ at 130 in the 90's was trading. Had I known I would have held on to my shares until 2012 and received 14.

    Trite phrases are little comfort when you're losing money in the market. Remember when, "You'll never lose money in a home?"
    Oct 26, 2012. 08:51 AM | 3 Likes Like |Link to Comment
  • Is The Market A Casino? Yes... And You Can Be The House [View article]
    "90% of options (the favorite toy of speculators since they started trading in the early 1970s) expire worthless."

    Wouldn't the house be the option seller? If so, I would take 90% odds any day...
    Oct 25, 2012. 07:13 AM | Likes Like |Link to Comment
  • No More Wishful Thinking: Evidence Solidly Confirms The End Of The Housing Crash [View article]
    One clue. The graphs use percent gains versus absolute numbers. Percent decreases off the boom high make the crash less dramatic since the original number was off a extremely leveraged boom. Similarly, percent gains off the low amplify the "recovery" since the number was off a historic low. The absolutes would give one little hope a recovery is in process.

    We can now add this graph to the official unemployment and inflation graphs claim that, "All is well."
    Oct 16, 2012. 03:10 PM | 1 Like Like |Link to Comment
  • The Most Important Economic Chart Of The Year [View article]
    As a former student (XP67) it pained me to hear your comment that Brad DeLong was right about anything because of his Krugman like passion to spend us into oblivion but

    even a stopped clock...
    Oct 8, 2012. 09:05 AM | Likes Like |Link to Comment
  • The Most Important Economic Chart Of The Year [View article]
    Looks like the Euro has been a success............

    for Germany and France. However, how will they look if the PIGS or others begin to default?
    Oct 8, 2012. 09:02 AM | Likes Like |Link to Comment
  • September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]
    Amen. Additionally, taxpayers fail to comprehend the follow on costs associated with government asset acquisition. Another monument, museum, park, open space, service, school, highway, etc. demand ever greater quantities of labor, maintenance, repair and improvement with accompanying taxes to fund. The real question to ask on every asset acquisition is it a want or a need.

    But few even recognize it in their personal lives either. Really? More "stuff" costs more? Had no Idea!!
    Oct 6, 2012. 09:04 AM | Likes Like |Link to Comment
  • The Case For Investing In South Africa (Part II) [View article]
    I have heard this too often from others from SA now residing in the US while SA undergoes a "brain drain." Other countries in Africa have taken the road to perdition and I hope SA can avoid such an outcome. But the comments of one poster that the glass is half full rather than half empty lead one to believe in a 50% possibility to avoid such an eventual outcome. There are other opportunities globally with a better risk profile
    Sep 28, 2012. 02:04 PM | 1 Like Like |Link to Comment
  • Covered Calls For Income Can Cost Dearly In Long-Term Gains [View article]
    Good comment. Assumption made by long-term hold investors is that you have made money if the equity price rises. My personal strategy is to only measure income when I have received a dividend, recorded option income or closed a position. Similar to my view on real estate. You only "lost" or "made" money on the property when you receive income or sell. All other views record "net worth", which as we have seen both in the market and real estate moves both up and down, sometimes dramatically.
    Sep 28, 2012. 09:08 AM | 1 Like Like |Link to Comment
  • Electric Vehicles Are Still Not Ready For Prime Time [View article]
    An update to Gaia - The author/creator of the concept recently came out and declared it total hogwash. End of theory.

    Wanted to thank you for writing these articles and responding with facts. With a career in engineering and business in a California high-tech company, I absolutely love high tech and my toys. But it has always been my observation people make decisions on feelings first then try to rationalize later. Unfortunately, their rationalizations most often lack facts and data because they are "belief systems", not the product of clear critical thinking. My investing has also operated on those observations as well.

    By the way, this discussion has stimulated my thinking on the Volt, especially after seeing one in the lot at Home Depot yesterday. Very cool. Thinking it might be an ultimate high-tech toy, especially sitting next to my F-150 Supercrew cab with its 5.4L V-8. But alas,the Volt will never sound that cool. Maybe, I could rig up my iPhone to pick up the Volt rear end RPM and simulate artificial V-8 rumble through the sound system to a speaker under the hood... Ahh, emotion...
    Sep 22, 2012. 09:07 AM | 3 Likes Like |Link to Comment
  • Electric Vehicles Are Still Not Ready For Prime Time [View article]
    "Normal driving?" Could we assume a distribution curve, segmented into markets of varying characteristics, such as distance traveled, load capacity, frequency of use, variety of tasks, price, etc.? The way Americans use their cars is uniquely individual so I am reluctant to assume your situation is "normal" although note, neither am I considering you abnormal.

    The other unknown perhaps might be the unintended consequence. As the automobile became ever more reliable and convenient, cities expanded into suburbs. Might EV sales lose their green color if ever more farm fields become heat absorbing blacktop, with ever increasing commutes?
    Sep 21, 2012. 03:27 PM | Likes Like |Link to Comment
  • Electric Vehicles Are Still Not Ready For Prime Time [View article]
    Above was response to vmirage
    Sep 21, 2012. 02:52 PM | Likes Like |Link to Comment
  • Electric Vehicles Are Still Not Ready For Prime Time [View article]
    Electric vehicles are without consequence to Mother Earth? They use no plastics, steel or energy in their construction? Do they ride on frictionless, no wear tires? The energy source they consume, is it limitless, universally available, containing no carbon and without emissions?

    I would love to see your convincing data about your new fossil free EV.
    Sep 21, 2012. 02:45 PM | 4 Likes Like |Link to Comment