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OptionManiac

OptionManiac
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  • The Fireworks Are About to Start [View article]
    I have to agree with you. China is a huge country in which the government lies to itself about how much control it has over it. Corruption is rampant - how many miners die each year because of corruption - 1000's. Their citizens die from corrupt food manufacturers, I myself won't buy ingredients from that country because of some of my customer's demands. They are wallowing in their pollution. Chaos is only one poor harvest away.
    Oct 24, 2010. 11:52 AM | 22 Likes Like |Link to Comment
  • Wall Street’s moneyed elite are now feeling more confident, conspicuously opening their wallets for fancy parties, cosmetic surgery and Hamptons rentals. Meanwhile, in the rest of America, unemployment nears 10%, millions of homeowners can't pay their mortgages... and small businesses are canceling Christmas.  [View news story]
    Sure we do, but the disparity between the two groups has grown to an unhealthy margin. Look at history as to what happens when the gap becomes so wide. Do you really think that CEO pay has gone from 40x to 200x minion pay because they are 5 times smarter nowadays? Hey, I'm not saying to tax them to death, but my son is in the business - why should 20 somethings make big bucks on betting.
    Nov 24, 2010. 06:28 PM | 21 Likes Like |Link to Comment
  • Election Results: Big Win for GOP, Potential Loss for the Economy [View article]
    Capitalism also created the slave trade, rampant pollution, and child labor. We are, after all, humans. We have laws that regulate our behavior, we need laws to regulate our commerce. Once again, we are merely human, not wholly benevolent capitalists. To paraphrase Churchill, capitalism is the worst type of economic system, except for all the rest.
    Nov 3, 2010. 09:32 AM | 21 Likes Like |Link to Comment
  • Most of the developed world is pretty much in line when it comes to income distribution, but not the U.S., Brett Arends asserts, where the results are more in line with Zimbabwe, Argentina and El Salvador. The average Fortune 500 CEO pockets $10.5M a year, more than 300 times the average worker's pay.  [View news story]
    Yes, I agree. Better to have wealth in hands of a few, they are much smarter than the rest of us and will spend it more wisely. I am willing to break my back for them.
    Jul 20, 2010. 06:27 PM | 19 Likes Like |Link to Comment
  • No matter what the Fed says about a slow recovery, more than half of Americans say the U.S. economy is in a recession or depression, a new Gallup poll shows. The number who think we're in a depression: 29%. It's hard to see how the economy can truly recover "when so many people believe that it has not recovered at all," Doug McIntyre comments.  [View news story]
    Having parents who lived during the depression, no, we are nowhere near being in the midst of a depression. Having lived through waiting in long lines to fill up the car, this isn't the worst gas crisis I've seen. I think folks have turned a bit soft.
    Apr 28, 2011. 02:21 PM | 17 Likes Like |Link to Comment
  • Dividend Boosts Keep Getting Bigger but Dividend Stocks Are Snoozing. Reason to Worry? [View article]
    If only I followed the dividend investing philosophy starting back in the late '90s rather than chasing internet stocks..............
    Mar 21, 2011. 08:34 AM | 16 Likes Like |Link to Comment
  • How 2014 Could Be Like 1929 [View article]
    Chart already debunked.
    Feb 17, 2014. 06:07 AM | 15 Likes Like |Link to Comment
  • The pros and cons of buying a Tesla [View news story]
    Ok, I am reading all the negative comments and pretending I am living around 1900. I'm swapping the word Tesla for auto and the word auto for horse.

    Only the rich could afford the original auto, whose fuel could be found at the local smithy, if there is one.

    The auto, once it was accepted, solved a terrible pollution problem in NYC and other large cities, the tons of horse manure that built up on empty lots. Brownstones were built up above the ground so during heavy rains manure water wouldn't stream into the first floor (just the basement).
    Aug 25, 2013. 05:48 PM | 13 Likes Like |Link to Comment
  • Retirement Strategy: The Absurdity Of Believing That Dividends Don't Matter In Retirement [View article]
    Yes, if only I had learned that lesson 30 years ago.
    Aug 12, 2014. 06:41 AM | 12 Likes Like |Link to Comment
  • Nearly 75% of Americans oppose Obama's ban on deepwater drilling in the Gulf, viewing the BP spill as a "freak accident" rather than the result of pushing the energy exploration envelope to find cheap oil, according to a Bloomberg poll.  The general perception: "If there’s a plane crash, you don’t ground all the airlines and stop flying completely.”  [View news story]
    And if there was no stop to the drilling and there was another leak? People would turn around a scream bloody murder that the gov't did not stop the drilling. This was no freak accident, the workers on the rig saw it coming. Corners were cut - the bottom line became more important than safety. And yes, gov't inspectors were complicit.
    Jul 15, 2010. 10:49 AM | 12 Likes Like |Link to Comment
  • Freaked-Out Friday: Has CNBC Gone Too Far? [View article]
    Listen to NPR a lot. Planet Money has had excellent commentary explaining this whole mess. Some think the news is all left wing, but far from it. Only station where you can hear interviews with captains and colonels on the battlefield. Heck, they even invite Fox commentators to discuss the week's news on Fridays. And no screaming allowed.
    May 21, 2010. 02:24 PM | 12 Likes Like |Link to Comment
  • Jobless Claims at 304K [View news story]
    Or they do not represent your ideology.
    Jul 10, 2014. 09:06 AM | 11 Likes Like |Link to Comment
  • Online sales jumped 24.3% this Black Friday. Department stores led the way with a 59% jump in online sales. Stronger than expected demand suggests there may be a disconnect between what consumers tell pollsters and how they actually spend.  [View news story]
    many people base their discretionary spending according to the value of their portfolios

    Trust me, most of those camping out waiting for Walmart to open don't know what a portfolio is.
    Nov 26, 2011. 05:17 PM | 11 Likes Like |Link to Comment
  • Understanding The Jobs Debate [View article]
    Being in a hiring or firing position, I do not let my ideology throw someone's life down the tubes. I hire because I need someone and it will improve productivity. I only fore someone because they really screwed up. To fire someone because his life "might" be better ten or fifteen years from now and my business suffers now because I do not have enough workers is insane.
    Sep 8, 2011. 11:22 AM | 11 Likes Like |Link to Comment
  • Tremors, And the U.S. Government's Tragic Comedy [View article]
    Your column is a bit out of date, the number for the cuts has been agreed upon, the Republicans have added a couple of attached bills barring abortions in DC and reigning in the FDA, two things that have nothing to do with the budget.
    That aside, the present budget discussion is a joke, it represents less than 1% of the budget. Paul Ryan is right, we have to look at healthcare. Medicare and Medicaid were formed what, 40 years ago? Here's what happened to healthcare in the past 40 years. Around 40 years ago, my dad had stomach pains, he went to the doctor who placed his hand on his belly and said "Your gall-bladder feels hard, let's take it out". I work with a guy who had severe stomach pains. He had a CAT scan, then an endo-scope. Next he had a sonogram. He just had his gallbladder taken out yesterday. After two weeks of dicking around. Can we really afford this type of healthcare for everyone, especially seniors?
    Apr 8, 2011. 08:34 AM | 11 Likes Like |Link to Comment
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