Seeking Alpha


Send Message
View as an RSS Feed
View OptionManiac's Comments BY TICKER:
Latest comments  |  Highest rated
  • Beware the dead-cat bounce. We've had a good move off last week's lows, but most of the buying has been very stock specific, based on earnings or "fire-sale" valuation upgrades without much carryover into respective sectors. Narrow moves higher without broad, sector-wide participation are classic signs of a bear market rally.  [View news story]
    Or just buying dividend paying companies who have plenty of cash, and the investor has a big time frame ahead of them.
    Aug 17 08:31 PM | 7 Likes Like |Link to Comment
  • "Clamor and hyperbole," says Stan Druckenmiller of apocalyptic warnings from Geithner should the debt limit not be raised. Markets know the difference between a country that will not repay its debt vs. a technical default from a disruption in interest payments. "What's going to be catastrophic is if we don't solve the real problem," massive government deficits.  [View news story]
    May 14 08:44 PM | 7 Likes Like |Link to Comment
  • America's greatest threat is not the deficit or terrorism or China - it is "impotent leadership... the lack of vision... the selling out to the highest bidder in Washington," Barry Ritholtz writes. The U.S. government "has become a giant grift, populated by Jezebels and strumpets," guided only by the "endless stream of corporate giveaways, tax loopholes and bailouts."  [View news story]
    And none of it very new!

    I just wished they would all approach problems without and ideological bent.
    May 13 05:38 PM | 7 Likes Like |Link to Comment
  • "What seems astonishing today could become conventional wisdom in a short period of time," says Steve Forbes, who sees a likely return to the gold standard within 5 years. Forbes is encouraged legislators other than Ron Paul have begun warming to the idea.  [View news story]
    Not enough gold in the world to cover all transactions. If all transactions were gold based, there could be no real growth. We no longer live in a medieval world.
    May 11 08:28 AM | 7 Likes Like |Link to Comment
  • Don't be fooled by talk that TARP is nearing breakeven, Barry Ritholtz writes. TARP + GSEs = $256B in the red, not counting "lost income from savings, bonds, etc., the increased costs of food and energy due to inflation (the Fed has done this on purpose as part of their rescue plan), the higher fees the reduced competition of megabanks has created, and the future costs our moral hazard."  [View news story]
    I recently came down with a cold and started sucking on zinc lozenges. Did they help? I will never know since there was not a double of me who did not try the remedy. Nothing to compare the remedy to. Was TARP worse than the disease? Hey, who knows, without it, things may have gotten better without all the bs, or maybe we would be back in the dark ages. Who really knows. What we do know, Harry, is that we seemed to learn damn little from the whole exercise.
    Mar 18 05:59 PM | 7 Likes Like |Link to Comment
  • More support for tapping into the U.S. strategic oil reserve comes from Robert Reich, as "Americans are still trying to get out of the gravitational pull of the great recession." But he doesn't pin all the blame for rising prices on Middle East unrest: "Developing nations all over the world... are coming out of the recession much faster... so they are also putting pressure on oil prices."  [View news story]
    Agreed. Save for a real crisis. We have to learn to live with higher oil prices, more people on this earth, the more oil we will consume. Prices would just go right back up once the reserve spigot is turned back off.
    Mar 7 09:47 AM | 7 Likes Like |Link to Comment
  • Republicans take control of Congress, and many of the 87 GOP newcomers are novice politicians with lots of experience in industries they will now help regulate. Example: One new member who spent three decades in the oil and gas industry in Texas will help oversee drilling in the Gulf of Mexico. That's like putting "foxes in charge of the hen house," Democrats counter.  [View news story]
    I agree, its not like there was ever an oil leak in the gulf of Mexico. The oil companies know what they are doing, let them make their own regulations. Oh, and put chemical companies in charge of toxic waste disposal, they'll know what to do with it.
    Jan 5 06:26 PM | 7 Likes Like |Link to Comment
  • When the facts are inconsistent with the ideology, conservatives simply "adjust the facts," Paul Krugman asserts, citing Republican members of the crisis commission that absolved banks of wrongdoing and blamed everything on Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) by promoting loans to low-income borrowers.  [View news story]
    Who was in charge when this whole mess started - the Republicans.Where were you before 2008? Hey, a lot of the blame goes to all the greedy humans who participated in this mess, from wanna a be big house homeowners to the loan agents to the banks to the brokers who sold the loans to investment companies to the investment companies themselves for repackaging them and screwing investors. Finger can not be put on any one entity.
    Dec 17 06:26 PM | 7 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]
    Great comments. Yes, I recognize the growing disparity and I worry about it. How much bigger can it get without some repercussion? Giving handouts is certainly not the answer. Paying someone an honest salary is. Yes, this is a capitalistic society, and if I own a business and can't buy that Porsche unless I drop health benefits, I can do it. (Happened to a neighbor who worked in a small machine shop). Better education for the masses and ethics classes for the "elite"?.
    Nov 24 08:23 PM | 7 Likes Like |Link to Comment
  • Election Results: Big Win for GOP, Potential Loss for the Economy [View article]
    Do these people not see the word "social" when they get their checks? SS was meant as insurance against poverty in old age, not a reason to retire early without having a large savings.
    Nov 3 11:46 AM | 7 Likes Like |Link to Comment
  • A Warning for the Bulls [View article]
    "I am hedged tho because I do believe in America and stocks"

    That is why I am optimistic. I believe in Americans.
    Sep 23 07:17 AM | 7 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]
    But to what point? Therein lies the problem. 0 taxes and 0 government?
    Sep 14 08:02 PM | 7 Likes Like |Link to Comment
  • The wealth gap is an essential driver of entrepreneurial creativity, and there’s no way to reduce it unless we want to strangle progress, John Tamny writes. "Wealth at the far end of the income curve [has] distracted us from realizing how much better we live thanks to wealth creation, and how much better off we are in relative terms owing to individuals pursuing innovative ideas."  [View news story]
    You are right on every count except for one - many people are rich because of the grunts below them who make them the money on the strength of their minds and backs. Not fair, but that's life? Taxing the rich is unfair? That's life!
    Jul 20 07:54 PM | 7 Likes Like |Link to Comment
  • February Nonfarm Payrolls: +236K vs. consensus +160K, 119K previous (revised from +157K). Unemployment rate 7.7% vs. consensus 7.9%, 7.9% previous. [View news story]
    Why do you assume that? What makes you think this should have started a year ago? I see technology being as big a blame as anything. Just where I work we keep putting in equipment that replaces a person. Businesses are in business to make money, not employ people.
    Mar 8 08:59 AM | 6 Likes Like |Link to Comment
  • Shares of natural gas producers Chesapeake (CHK +5.3%) and Southwestern Energy (SWN +2.9%) rally as a dangerous cold snap hits the eastern and midwestern U.S., boosting demand and prices for the fuel. The east coast is seeing "some of the coldest weather in two years," Kilduff Report analysts say. The cold is expected to continue, according to extended forecasts. [View news story]
    Typical comment from someone who confuses weather with climate.
    Jan 22 04:09 PM | 6 Likes Like |Link to Comment