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OptionManiac

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  • With a crowded flying summer ahead, Transportation Secretary Ray LaHood proposes raising payments given to bumped passengers by 63% - to $650 if passengers arrive within two hours of schedule, and $1,300 if not. Those and other proposed "passenger rights" changes won't take effect until the fall. (ETF: FAA)  [View news story]
    Trust me, you pay if you need to switch flights. We can fight the airlines to a point (I fly out of Dayton, enough of us have to limit the gouging at CVG). How can you fight the airlines when you are stuck on the tarmack with an overflowing commode for four hours?
    And no nanny state for coal miners?
    Jun 2, 2010. 03:00 PM | 1 Like Like |Link to Comment
  • With a crowded flying summer ahead, Transportation Secretary Ray LaHood proposes raising payments given to bumped passengers by 63% - to $650 if passengers arrive within two hours of schedule, and $1,300 if not. Those and other proposed "passenger rights" changes won't take effect until the fall. (ETF: FAA)  [View news story]
    Yes, to hell with the mom flying with her kids. Let them sit 7 hours for the next flight without compensation, even though they paid for a seat that was given willy nilly to someone else. It's OK for the airlines to break an agreement. If passengers don't show up to a flight they are reimbursed, right?
    Jun 2, 2010. 02:24 PM | Likes Like |Link to Comment
  • Worst Starts to June [View article]
    Wouldn't it be nice if no one showed up to play the bullies' game.
    Jun 2, 2010. 10:56 AM | 1 Like Like |Link to Comment
  • May Melee Most Likely a Correction [View article]
    Inflation after deflation is just a return to "normal".
    Jun 1, 2010. 02:47 PM | 1 Like Like |Link to Comment
  • May Melee Most Likely a Correction [View article]
    The day after the beginning of the first Gulf War, the Dow went up 100 points. Go figure. Markets swings are emotionally based, we are only human, after all.
    Jun 1, 2010. 02:17 PM | Likes Like |Link to Comment
  • Dow 10,000... Again [View article]
    My point exactly.
    May 28, 2010. 11:06 AM | 1 Like Like |Link to Comment
  • May Reuters/UofM Consumer Sentiment: 73.6 vs. 73.2 consensus, 72.2 prior. Current conditions 81, expectations 68.8. "The data represents troublesome increases in inflation expectations, especially given the recent declines in gas prices," the report says.  [View news story]
    "The data represents troublesome increases in inflation expectations, especially given the recent declines in gas prices"

    Does that make any sense, or am I just stupid today.
    May 28, 2010. 10:06 AM | Likes Like |Link to Comment
  • May ISM New York Business Index: 89.9 vs. 62.2 in April. "May's Question of the Month: What is your organization's profit outlook for the remainder of 2010? The numbers tell the story: 93% positive, 2% negative, 5% neutral; 32% growing faster vs. 0% declining faster."  [View news story]
    Please use some of those profits to hire new workers.
    May 28, 2010. 09:37 AM | 1 Like Like |Link to Comment
  • Dow 10,000... Again [View article]
    The market is all about psychology.
    May 28, 2010. 09:35 AM | Likes Like |Link to Comment
  • What About Dow 20K? [View article]
    Good comment. As widgets get more complicated, they do take more, and smarter, people to fabricate. Many widgets also have safety issues, so there is another workforce layer (from legislators, inspectors, and consumer magazine editors) to deal with that aspect. Add on another layer of workers dealing with the environmental issues a widget may have. Also, many years ago, widgets were made from local material and completely fabricated in one spot. Now many widgets are made globally, from raw materials to parts to support (especially if you need support for the widget on your desk that just has a blank screen when you turn it on) Widgets have become more and more complicated, and this may be from necessity. If widgets did not have these other labor units, they would be cheaper, but a lot people would not be needed in the workforce. Once again, cheap widgets are no good if no one has the money to buy them.
    May 26, 2010. 02:21 PM | 2 Likes Like |Link to Comment
  • Taking a cue from Linux and open-source software, GlaxoSmithKline (GSK) is sharing its malaria research online in hopes that the scientific community working together can come up with a treatment faster than if Glaxo worked on its own.  [View news story]
    Goldcorp did the same thing - paid just one geologist instead of a whole team. Is this the future?
    May 26, 2010. 11:50 AM | Likes Like |Link to Comment
  • What About Dow 20K? [View article]
    As far as widgets, it takes a lot fewer workers to make one. The fewer workers it takes to make a widget, the more people that can afford them, until an imbalance occurs where so few workers are needed that many sit around without a paycheck not being able to afford a widget no matter how cheap they are. We've hit that. We have to sell more widgets.
    May 26, 2010. 11:24 AM | 2 Likes Like |Link to Comment
  • What About Dow 20K? [View article]
    Yes. After World War II, the VA Bill helped send many veterans to college - at a time when very few HS graduates even considered a higher education. We were able to produce a lot of engineers (and marketers) who helped spur the innovations of the following decades.
    May 26, 2010. 10:49 AM | 2 Likes Like |Link to Comment
  • What About Dow 20K? [View article]
    I was hoping for a more constructive comment. I only smoke crack on weekends.
    Also, in the 40's, the factories produced nothing but stuff we blew up or other people blew up.Civilains consumed nothing because there wasn't anything to consume, everything was rationed so it could be blown up.
    May 26, 2010. 08:59 AM | 4 Likes Like |Link to Comment
  • What About Dow 20K? [View article]
    At the end of world war II federal debt was 120% of GDP, yet we implemented the Marshall Plan (pulling Europe out of the abyss). The Korean war was not far behind. The Dow went from 140 to 425 in that time. All is not lost for us. Those smarter than me (and there are plenty of you out there), please comment.
    May 26, 2010. 08:26 AM | 4 Likes Like |Link to Comment
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3,414 Comments
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