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OptionManiac

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  • 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]
    Never said they happen all the time - never said a complete moratorium was the right thing to do. But, BP is to blame for the spill - it was not an accident - they were informed by the workers on the site of the dangers, managers were shown pieces of a broken gasket that was part of the blow off preventer, yet nothing was done. So, business as usual? What would you do?
    Jul 15, 2010. 11:52 AM | 3 Likes Like |Link to Comment
  • EIA Natural Gas Inventory: +78 bcf vs. consensus of +76 bcf. Futures move up +4.1% to $4.485.  [View news story]
    Uptick in futures makes more sense then. Hot weather should be driving prices higher.
    Jul 15, 2010. 10:50 AM | 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
  • Thoughts on Weak Retail Sales [View article]
    Even if they had a permit in a day, it would take a long time to figure out where to put and exactly how to build the plant. It's not like putting up a shed in your backyard. Trust me, just to put a new pasteurizer in our plant took a lot of planning, it took over a year to have it installed, just getting the concrete guy to show up was a hassle. And we did not need a single permit.
    And as far as elites being the ones crying "not in my back yard", it is usually the ppor who get their wells contaminated and their backyard air contaminated by mining or factory detris, they have no power.
    That being said - yes - we should be persuing the bigger goals - but not without trying to minimize the negative effects.
    Jul 14, 2010. 08:46 PM | 1 Like Like |Link to Comment
  • Thoughts on Weak Retail Sales [View article]
    Hmm...I agree with you guys on most of your points. The middle class can be taken down so far, though - think of unheard labor strikes in China. I deal with a trucking firm that had five drivers quit in one day at one location - yes, collectively, sometimes workers can screw the man. I know that there fewer labor units per widgets needed from one year to another, but there will be another turn in the cycle - there will be labor shortages down the road. (may be a long road).
    Jul 14, 2010. 02:03 PM | 1 Like Like |Link to Comment
  • Thoughts on Weak Retail Sales [View article]
    Yeah, I was going to say the same thing. I totally agree that the programs you mentioned would have had a much greater impact than propping up states' budgets. I can't help to think that many municipalities have projects planned, but no money to implement them. I'm afraid a race for the money could have made a real mess of things.
    Maybe we should have a SMALL department of planning that can apolitically have projects in their back pocket in case there is a need to spur economic growth.
    Jul 14, 2010. 01:56 PM | 1 Like Like |Link to Comment
  • MBA Mortgage Applications: -2.9% vs. +6.7% last week. Thirty-year fixed mortgage rate increased to 4.69% from 4.68%.  [View news story]
    Oh, and an offer from my bank for a home equity loan - haven't had one of those in ages.
    Jul 14, 2010. 08:14 AM | Likes Like |Link to Comment
  • MBA Mortgage Applications: -2.9% vs. +6.7% last week. Thirty-year fixed mortgage rate increased to 4.69% from 4.68%.  [View news story]
    Jeez, I am getting at least two credit card offers a day. You can get credit if you want to pay 21% interest.
    Jul 14, 2010. 08:13 AM | Likes Like |Link to Comment
  • Intel (INTC) says Q2 was the "best quarter in the company's 42-year history," and the numbers don't lie: EPS, sales and margins all crushed estimates, and Q3 guidance was raised far above expectations. "The key reason everybody missed on it is - as they've been talking about for eight months - cloud infrastructure is just started," one analyst gushes, adding that the stock is "underpriced." INTC +6.7% AH.  [View news story]
    INTC did not benefit from the stimulus - think chips are used to pave roads - think cloud computing - new tech drives profits.
    Jul 13, 2010. 08:46 PM | 1 Like Like |Link to Comment
  • Will Higher Taxes Bring Dividend Stocks Down? [View article]
    Than the Republicans just agree for the tax cuts for the middle-class to remain and just raise the taxes on the wealthy. Seems like a no-brainer to me. Why would they want to screw everyone? Just out of spite?
    Jul 13, 2010. 05:26 PM | Likes Like |Link to Comment
  • Will Higher Taxes Bring Dividend Stocks Down? [View article]
    Right, I'm not going to reach 70 and just watch my money grow. I'll be happy to pay the taxes and have fun with the rest.
    Jul 13, 2010. 05:23 PM | Likes Like |Link to Comment
  • Intel (INTC): Q2 EPS of $0.51 beats by $0.08. Revenue of $10.7B (+34.2%) vs. $10.3B. (PR)  [View news story]
    Trust me, econodoc is being facetious.
    Jul 13, 2010. 05:21 PM | 1 Like Like |Link to Comment
  • Intel (INTC): Q2 EPS of $0.51 beats by $0.08. Revenue of $10.7B (+34.2%) vs. $10.3B. (PR)  [View news story]
    Read the commentary - the next big thing - cloud computing. New tech driver.
    Jul 13, 2010. 05:20 PM | Likes Like |Link to Comment
  • Some good news in the trade imbalance: the hefty gain in imports points to a pickup in business and consumer spending that indicates the economy in Q2 was the healthiest in four years, according to Morgan Stanley economists. “With much of the upside surprise in imports in a surge in capital goods, the outlook for domestic investment looks even stronger."  [View news story]
    Correct. If imports were down, consumers and businesses would be buying less.
    Jul 13, 2010. 05:16 PM | Likes Like |Link to Comment
  • Will Higher Taxes Bring Dividend Stocks Down? [View article]
    Lower tax rate (10%?) on dividends from holdings longer than one year? Mmmmm... now that I think about it, maybe it would help the buy and holds, or encourage buy and hold, but too many evil forces out there working against us individuals.
    Jul 13, 2010. 01:07 PM | 1 Like Like |Link to Comment
COMMENTS STATS
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