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OptionManiac

OptionManiac
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  • Seeking Alpha's Market Currents team is expanding. If you're a market enthusiast, a superb writer, have lots of energy and a great work ethic, one of these work-from-home jobs (I, II, III) could be an amazing opportunity.  [View news story]
    Hmm.....I get work-at-home e-mails all the time. I wonder what the up-front costs are.
    Sep 16 08:00 PM | Likes Like |Link to Comment
  • Just Make Up Your Minds [View article]
    Thank you. Optimism is in short supply here.
    Sep 16 06:27 PM | Likes Like |Link to Comment
  • Ralph Acampora doesn't think we're seeing a market top; in fact, he says the Dow may climb to 13,000 by next June, citing excessive pessimism on the economy. “We’ve seen the worst, we had the earthquake,” he says of the last two years. “What we’re experiencing now are the aftershocks.”  [View news story]
    I think we should not be afraid of China and emerging markets, for they are our future markets. Wealth is not a zero-sum game.
    Sep 16 06:25 PM | Likes Like |Link to Comment
  • What Obama's Economic Changes Mean for Investors [View article]
    Excellent observations. Too much black and white thinking. We should do what works, not what follows one ideolgy or another.
    Sep 16 02:50 PM | Likes Like |Link to Comment
  • Your bullish (or contrarian bearish?) sign for this hour: Another large swing in the AAII individual investor sentiment survey means the poll's bulls are at the second-highest level in the past two years, at 50.9%. The bears - who reached their own second-highest reading a few weeks ago - are now down 7.4 points to 24.3%.  [View news story]
    Which means a lot of cash on the sideline? I am just afraid of panic buying (maybe even more so) than panic selling.
    Sep 16 11:46 AM | Likes Like |Link to Comment
  • If you're like most Americans, you classify yourself as "middle class." But as the debate over tax cuts shows, nobody can agree on exactly what middle class means. A family earning $250,000 in a high-cost location like Manhattan, for example, probably doesn't consider themselves rich.  [View news story]
    All good points. I think that part of this class problem is exec's compensation going from 40 times the standard hourly wage to 200 times. Highest paid (not he $250K) can easily reward themselves, they have the power to do so. I have women working whose husband's have left them, they are here for the excellent health benefits we provide, but they are unable to get ahead like you describe above, the scrape by. Hey, we all can't be rich, or even very well off, we just can't. But the ones who work really hard without a hand sticking out wanting more than they think they deserve, can we, the ones with the bucks, turn our backs on them, not offer a little relief?
    I have no patience for people like your brother. Though far from being a "social Christian", I do try to live my life according to the teachings, I try to walk in the path of Christ, it is a moral thing for me. Hey, I'm on the path maybe 10% of the time, but I try. So, the one's who deserve help should get it, but in my mind, not the ones who do not help themselves.
    Sep 16 09:39 AM | Likes Like |Link to Comment
  • If you're like most Americans, you classify yourself as "middle class." But as the debate over tax cuts shows, nobody can agree on exactly what middle class means. A family earning $250,000 in a high-cost location like Manhattan, for example, probably doesn't consider themselves rich.  [View news story]
    OK, let me be honest here. The year I moved I gave my taxes to someone else to do. His main job was on the bottling line, he did taxes on the side. I was surprised that I got $150 back in fed taxes. I thought I would pay through the nose. I did not ask any questions. That was 22 years ago (my God, that long!), I don't think I will face jail time if there was something dubious about my return.

    Just being honest, don't want you and your hubby shopping for rental units this weekend because of a seeking alpha nerd.
    Sep 15 06:15 PM | Likes Like |Link to Comment
  • If you're like most Americans, you classify yourself as "middle class." But as the debate over tax cuts shows, nobody can agree on exactly what middle class means. A family earning $250,000 in a high-cost location like Manhattan, for example, probably doesn't consider themselves rich.  [View news story]
    I had a house with a little in-law unit in the back that I rented out. The house had doubled in value when I sold it, but I didn't have to pay any tax on the proceeds because of the rental unit.
    Sep 15 02:57 PM | Likes Like |Link to Comment
  • If you're like most Americans, you classify yourself as "middle class." But as the debate over tax cuts shows, nobody can agree on exactly what middle class means. A family earning $250,000 in a high-cost location like Manhattan, for example, probably doesn't consider themselves rich.  [View news story]
    My parent plus loan is only around 4%, but that damn thing has shifted from one company to another that I have a hard time keeping up on what password to use when I go to pay it. I really have to agree with a lot of your comments, even though you would consider me a "liberal", but I am very pragmatic. It is easy to be torn in this on-going conversation. The people working for me are lower middle class, some because of bad choices, most because they literally do not have the smarts to get ahead. Don't blame the school system, blame genetics, trust me you are probably a lot smarter than I am, and I consider myself an Einstein compared to some of the people working for me. It is just the way things are, and the old altar boy in me just feels that some of these people need a break. But, your hard work and dedication should not be penalized, it is just wrong. Do you see the dilemma? If this was all cut and dry we wouldn't be having this conversation.
    Sep 15 12:40 PM | Likes Like |Link to Comment
  • If you're like most Americans, you classify yourself as "middle class." But as the debate over tax cuts shows, nobody can agree on exactly what middle class means. A family earning $250,000 in a high-cost location like Manhattan, for example, probably doesn't consider themselves rich.  [View news story]
    Passes do not wholly pay for the parks.
    Sep 15 12:30 PM | Likes Like |Link to Comment
  • If you're like most Americans, you classify yourself as "middle class." But as the debate over tax cuts shows, nobody can agree on exactly what middle class means. A family earning $250,000 in a high-cost location like Manhattan, for example, probably doesn't consider themselves rich.  [View news story]
    My wife would disagree with you on that.
    Sep 15 08:14 AM | Likes Like |Link to Comment
  • If you're like most Americans, you classify yourself as "middle class." But as the debate over tax cuts shows, nobody can agree on exactly what middle class means. A family earning $250,000 in a high-cost location like Manhattan, for example, probably doesn't consider themselves rich.  [View news story]
    Private colleges will give you money, but not the government. Our income when I had the fun time of doing the FAFSA was well below 90K, kids qualified for just gov't loans. My son was given a scholarship to a private school, but opted for Miami of Ohio (state school) where he didn't receive any help. College costs are so high now, starting with $500 to $800 a semester for books. Good luck to you, i suppose you are just starting this whole routine.
    Sep 15 08:10 AM | Likes Like |Link to Comment
  • If you're like most Americans, you classify yourself as "middle class." But as the debate over tax cuts shows, nobody can agree on exactly what middle class means. A family earning $250,000 in a high-cost location like Manhattan, for example, probably doesn't consider themselves rich.  [View news story]
    Especially when you end up with a car for each member. Unfortunately, if you want your kid to have a job, and every kid should (during the summer), they need a car in most parts of the country.
    Sep 15 08:02 AM | Likes Like |Link to Comment
  • If you're like most Americans, you classify yourself as "middle class." But as the debate over tax cuts shows, nobody can agree on exactly what middle class means. A family earning $250,000 in a high-cost location like Manhattan, for example, probably doesn't consider themselves rich.  [View news story]
    You can borrow for college, but you can't borrow for retirement. Smart companies use debt wisely, you can to.
    Sep 15 07:57 AM | Likes Like |Link to Comment
  • If you're like most Americans, you classify yourself as "middle class." But as the debate over tax cuts shows, nobody can agree on exactly what middle class means. A family earning $250,000 in a high-cost location like Manhattan, for example, probably doesn't consider themselves rich.  [View news story]
    That's why my wife stayed home with kids. Did without a few things, but home-life was very sane. Would have switched places if she made more than me (but I can't fold clothes neatly).
    Sep 14 08:36 PM | Likes Like |Link to Comment
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