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OptionManiac

OptionManiac
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  • 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, 2010. 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, 2010. 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, 2010. 08:36 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]
    Trust me, at 90K you get a 3% loan for college, that's it. And no other gov't help than a 250K earner.
    Sep 14, 2010. 08:21 PM | Likes Like |Link to Comment
  • The Realities of Retirement [View article]
    Housing itself is dirt cheap.
    Sep 11, 2010. 04:38 PM | Likes Like |Link to Comment
  • The Realities of Retirement [View article]
    You are right, the US is not capable of it. It's too bad, but we have lost the can do attitude.
    Sep 11, 2010. 04:37 PM | Likes Like |Link to Comment
  • The Realities of Retirement [View article]
    That's why you downstaters are moving upstate.
    Sep 10, 2010. 02:08 PM | Likes Like |Link to Comment
  • On the hour: S&P +0.37%. 10-yr -0.14%. Euro +0.03% vs. dollar. Crude +0.68% to $75.18. Gold -0.03% to $1257.10.  [View news story]
    Again.
    Sep 9, 2010. 07:21 AM | Likes Like |Link to Comment
  • The emerging consensus: The U.S. economy is already so bad that it reduces the likelihood of a double-dip - and increases the chances of a stock market jump off levels that have priced in another decline.  [View news story]
    Yes, thank you. Your's is a lesson I have learned late in my investing life, but not too late, I believe.
    Sep 3, 2010. 09:18 AM | Likes Like |Link to Comment
  • The emerging consensus: The U.S. economy is already so bad that it reduces the likelihood of a double-dip - and increases the chances of a stock market jump off levels that have priced in another decline.  [View news story]
    I hope this is all wrong. The SA pessimists have convinced me to hold on to my cash and wait for the big drop.
    Sep 2, 2010. 02:11 PM | Likes Like |Link to Comment
  • The Real Lesson From the Great Depression: Fiscal Policy Works [View article]
    We have to do what works with any given problem (as long as we don't use a people as a scapegoat). Ideology be damned!! Isn't this how we solve problems at work? I don't say, "I'm a socialist so we are not going to run the plant in this fashion!" I say "Let's sit down and look at the best ideas, we should come up with a good system, if it doesn't work out quite right, we can tweak it."
    Sep 1, 2010. 11:04 AM | Likes Like |Link to Comment
  • The Real Lesson From the Great Depression: Fiscal Policy Works [View article]
    I was just at my parents house - my mother showed me a vase that my father bought in Japan during the Korean War. She thought it might be valuble. I flipped it over and read the words "Made In America". My dad said "Everything over there was made here".
    Sep 1, 2010. 10:20 AM | Likes Like |Link to Comment
  • August auto sales in the U.S. look like they'll hit a 28-year low as new worries about an economic slowdown - and joblessness - trump model-year closeouts. On average, analysts expect an annualized 11.6M vehicles, 18% below last year's total (boosted by cash-for-clunkers).  [View news story]
    Auto incentives are down an average $1000 per car, auto makers have grown lean and mean enough so that they are happier with the bigger margin than bigger sales. Let's see what auto profits are next quarter.
    Aug 31, 2010. 01:44 PM | Likes Like |Link to Comment
  • Oil stocks are lower, but Noble Energy (NBL +3.6%) shares surge after a weekend report that the company's Leviathan project under the Mediterranean Sea off Israel may contain 4.3B barrels of oil. If the Leviathan find pans out, it could produce enough oil to sustain Israel for at least 20 years.  [View news story]
    Yeah, we do gobble it up, don't we.
    Aug 31, 2010. 07:22 AM | Likes Like |Link to Comment
  • Jul. Personal Income and Outlays Income: +0.2% in-line with expected, vs. 0% prior. Personal spending +0.4% in-line with expected, 0% prior. PCE core price index +0.1% in-line with expected, 0% prior.  [View news story]
    Heck, when isn't there a clearance sale anymore?
    Aug 30, 2010. 10:11 AM | Likes Like |Link to Comment
COMMENTS STATS
3,370 Comments
3,641 Likes