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OptionManiac

OptionManiac
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  • 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
  • The Sound Of Silence [View article]
    Same here since the 80's. If I panicked and sold and then tried to guess when to get back in during the many "panics" I've lived through I would have a fraction of what I have now.
    May 23 12:54 PM | 6 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
  • Dividend Payments Increase In Q3: Retirees Beware? [View article]
    Teresa Ghilarducci never suggested that. Stop listening to right wing lies. And I don't listen to left wing lies.
    Oct 7 08:29 PM | 6 Likes Like |Link to Comment
  • The gold standard returns to mainstream U.S. politics, as a "gold commission" is part of the official Republican party platform. The notion is widely condemned as "a clown idea"; even economists who support Romney believe "there are better ways" to achieve stability. But rather than a gold commission, another commission idea may have more staying power: one that would examine the Fed and its mandate. [View news story]
    Being tied to the gold standard is like Greece being tied to the Euro - all flexibility disappears.
    Aug 25 01:56 PM | 6 Likes Like |Link to Comment
  • Initial Jobless Claims: 353K vs. 380K consensus (prior week revised to 388K from 386K).  [View news story]
    It's changed with technology - companies are in business to make money, not to hire people. The under educated/unskilled among us will no longer find a middle-class life.
    Jul 26 09:05 AM | 6 Likes Like |Link to Comment
  • Greg Smith may really believe Goldman Sachs (GS) is run by "morally bankrupt" people out to rip off their clients. But that's old news, Charlie Gasparino writes; Smith needs to wake up to the less-sincere motives of the NY Times, who published his resignation letter that went viral. Gasparino sees Smith as a pawn used by the Times to score political points and advance its class warfare agenda.  [View news story]
    The truth should never be published, the masses just can't handle the truth.
    Mar 17 09:54 AM | 6 Likes Like |Link to Comment
  • President Obama's anti-drilling argument uses false statistics, argues CNBC's Larry Kudlow. The president argues that America uses over 20% of the world’s oil, but has only 2% of the world’s known oil reserves. Patently untrue, says Kudlow. The U.S. has 1.4T barrels of recoverable oil, which is enough to meet all U.S. oil needs for about the next 200 years, without any imports.  [View news story]
    Our oil will go to the highest bidders. A billion more Chinese and Indians who want to drive.
    Mar 16 08:08 PM | 6 Likes Like |Link to Comment
  • Online sales jumped 24.3% this Black Friday. Department stores led the way with a 59% jump in online sales. Stronger than expected demand suggests there may be a disconnect between what consumers tell pollsters and how they actually spend.  [View news story]
    Depression era parents,it hurts to buy, pounded in me as a kid.
    Nov 26 05:52 PM | 6 Likes Like |Link to Comment
  • Beware the Wall Street Parrot [View article]
    Corporate profits are up because corporations are global.
    Aug 17 02:19 PM | 6 Likes Like |Link to Comment
  • If a CEO was running the show in the U.S., the option on the table would be to raise taxes and cut spending at the same time, Buttonwood writes. It's not only the rapid pace of government spending that has led to ballooning deficits, but tax receipts have fallen off since 2000. Will anyone in Congress dare suggest the idea?  [View news story]
    Tax revenue lowest compared to GNP since 1950. Both parties have to get realistic.
    Jun 30 06:10 PM | 6 Likes Like |Link to Comment
  • Whatever the practical impact of OBL's death, it opens the door for the Obama administration to declare victory and exit Afghanistan, posits Stratfor. As for reprisals by al Qaeda, if Bin Laden's cover was compromised, one has to wonder how effective the rest of the organization can be.  [View news story]
    And what intelligence will be gathered from the laptops found at the compund.
    May 2 09:36 AM | 6 Likes Like |Link to Comment
  • Why You Should Hold Your Dividend Stocks in Tax-Sheltered Accounts [View article]
    I was only called Robert when I was in trouble, usually along with my middle and last names, therefore I have always preferred to go as Bob.
    Mar 31 10:18 AM | 6 Likes Like |Link to Comment
  • "Price fixing at its worst," JPMorgan Chase (JPM) CEO Jamie Dimon says of debit-card interchange fee limits set for later this year. The "middle of the night" change - which could slash the $12B/year in fees that banks get by 84% - "penalizes us for having debit cards." A delay campaign may be bearing fruit as the Fed is behind schedule on the caps.  [View news story]
    Correct, not enough players to make free enterprise "free".
    Mar 30 02:23 PM | 6 Likes Like |Link to Comment
COMMENTS STATS
3,305 Comments
3,566 Likes