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7footMoose

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  • Hussman: The Market Is 40% Overvalued [View article]
    Being an "old guy" myself, I remember when 10x trailing or historical earnings for non tech companies was considered fully valued. Tech companies were given latitude because they were expected to grow at a faster pace with earnings on the accelerated revenue growth showing up in later years. In other words, you were buying future profits with higher current valuations.
    I knew that there was a problem when banks began trading at 15X earnings and 2.5X book value. But when tech start ups were trading a multiples of revenue because there were no profits I knew the end of normal investing had occurred and was in my rear view mirror. The seminal moment in my investing education came when in the late 1990's AT&T purchased a start up called At Home for more than $10 Billion when its annual revenues were only $100 million. Sanity had left the building.
    I am not sure if this article is correct or not but I am convinced that there is at times a collective insanity in the market both on the up side and on the down. Recent events have supported my thinking.
    Jul 13, 2010. 06:04 AM | 29 Likes Like |Link to Comment
  • Republican Congressman Ron Paul plans to hold a hearing in May on the Fed's emergency loans from its discount window to non-U.S. banks. The "staggering amount" lent to these banks "provided no benefit to American taxpayers, the American economy, or even directly to American banks," Paul says.  [View news story]
    He has a point which is different than yours. And, your point is very valid BTW. Dr Paul believes that it is not America's responsibility to police the World nor to save the World. That is why he feels differently than you about the importance of the intervention.
    Respectfully
    Apr 3, 2011. 01:21 PM | 27 Likes Like |Link to Comment
  • If something can't go on forever, it will stop. Irritation over public union pay and benefits continues to fester. The reality of strapped governments having to meet these promises is clashing with resistance to further tax hikes. Taxpayers are winning some of these battles, a rare occurrence.  [View news story]
    Working people deserve to be paid fairly but working in the public sector as a member of a union should not amount to a guaranteed income for life at an ever increasing rate of compensation and benefits with no downside consequences.
    Jan 2, 2011. 09:45 AM | 24 Likes Like |Link to Comment
  • The Interior Department says it may have to reject seven deepwater drilling permits if a federal judge forces the government to make a quick decision. Judge Martin Feldman ordered regulators to make a decision by the end of the month; the government plans to appeal.  [View news story]
    Chevy sold only 281 Volts in February after a rousing 321 in January. The future is all tied up in these things. The future aint looking too bright for Government Motors.
    Mar 5, 2011. 05:56 PM | 23 Likes Like |Link to Comment
  • Positioning for a Food Riots Economy [View article]
    Have you purchased a gun and extra ammunition, because now that you have told the world you have these staples you can expect company if your prediction is accurate.
    Jan 16, 2011. 05:48 PM | 23 Likes Like |Link to Comment
  • The Interior Department says it may have to reject seven deepwater drilling permits if a federal judge forces the government to make a quick decision. Judge Martin Feldman ordered regulators to make a decision by the end of the month; the government plans to appeal.  [View news story]
    It is in the best interest of the Administration to drag its feet. They have no love for either big business or big oil. They can enhance their relationship with the environmental crowd who want nothing to do with oil by slowing the process and at the same time the Administration can point out the merits of electric vehicles such as their favorite the Volt.
    Mar 5, 2011. 05:17 PM | 22 Likes Like |Link to Comment
  • Bah, humbug! Brett Arends offers 10 reasons why he doesn't believe in the Santa rally. To cite two: Shares may be more expensive than they're telling you. And the market value of non-financial U.S. equities is within ~15% of the Oct. 2007 peak, implying that "most of the last three years was little more than a bad dream. Do you believe that?"  [View news story]
    The fundamentals of most Big Cap US stocks have improved over the last 24 months. They are poised to take advantage of any improvement in the global economy should it come in 2011. There is a lot of pent up investor interest and cash on the sidelines. The Santa rally is the result of investors anticipating a better economic climate in 2011. They want it to happen and they want to participate.
    Are they correct in their thinking? Who knows but time will tell.
    Dec 29, 2010. 06:29 PM | 22 Likes Like |Link to Comment
  • Excessive bullish sentiment shows that the market has discounted the positives but not the negatives, Randall Forsyth writes. Indeed, Boehner cries, birds drop, and many other signs portend a crisis-filled year - yet stocks may keep rising as long as they're the only game in town.  [View news story]
    Steve would you please explain what you mean by your comments.

    "Goldman Sachs and Facebook have joined forces to give just another example of our Ponzi Scheme Financial System at work.
    The entire World will suffer when the Truth is known and we are The Most Hated Country in The World."

    Do you live in the US? Do you invest, if so how could you with this type of belief?

    Only one more comment, not everyone and not every company is a criminal. Keep that in mind.
    Jan 6, 2011. 07:35 PM | 21 Likes Like |Link to Comment
  • The Boston Globe sits down to interview BofA's (BAC) Brian Moynihan, then blasts him by saying he hasn't met the bank's goals and his two-year tenure as CEO has been marked by slow progress. On Friday, Moynihan issued a letter to employees saying the lender has prepared for "whatever turbulent times may lie ahead."  [View news story]
    "then blasts him by saying he hasn't met the bank's goals and his two-year tenure as CEO has been marked by slow progress. " The same can and should be said of President Obama except he has had three years.
    Dec 25, 2011. 01:27 PM | 20 Likes Like |Link to Comment
  • The slumping dollar could become "toxic waste" if it takes out last year's low, and matters weren't helped at the G-20 meeting that turned out to be a "green light" to sell - another indicator of the growing irrelevancy of the U.S.  [View news story]
    What stupid buffoon wrote that the US is suffering from "growing irrelevancy" ? Let's see how irrelevant the US is if we pull out of Iraq, Afghanistan, South Korea and Saudi Arabia. Let's see how efficient NATO and the United Nations operate if the US drops support for these entities. Who will protect Israel if the irrelevant US decides to cut its support there ? When the chaos strikes the US has always been there to give support. Irrelevant as hell that's what the US is.
    Oct 25, 2010. 06:40 PM | 20 Likes Like |Link to Comment
  • Berkeley's Laura Tyson is worried that if the workforce doesn't keep up with technology, wage inequality will widen further, structural unemployment will increase, and America will be less competitive. More must be invested in training and education, but projected cuts at all levels of government threaten the relevant programs.  [View news story]
    Why is it the these pundits "always" state that our bankrupt government must do more? There is a limit to what government can do and there is a current shortage of what many individuals are doing for themselves. Please take up the cause for personal responsibility.
    May 6, 2012. 06:24 AM | 17 Likes Like |Link to Comment
  • The Interior Department says it may have to reject seven deepwater drilling permits if a federal judge forces the government to make a quick decision. Judge Martin Feldman ordered regulators to make a decision by the end of the month; the government plans to appeal.  [View news story]
    I am awake and you can see by the time it is early too, but I still have no idea what your rant has to do with me, Monngle.My plumber, gets $60 per hour plus travel time, and he earns it.I don't work for big oil or big business. I'm not in a union nor have I ever been.I think that I'd rather make love than make war. "I ain't no fortunate son."So, what's your beef with me?
    Mar 6, 2011. 06:30 AM | 17 Likes Like |Link to Comment
  • Forget Mubarak, Paul Farrell writes, it's Bernanke who needs to be toppled: "Just as Mubarak was blind to the economic needs of the masses and democratic reforms, Bernanke is blind to the easy-money legacy that’s set the stage for revolution, turning the rich into super rich while the middle class stagnates and peanuts trickle down to the poor."  [View news story]
    Couldn't have said it better myself.
    Feb 15, 2011. 06:24 PM | 17 Likes Like |Link to Comment
  • Excessive bullish sentiment shows that the market has discounted the positives but not the negatives, Randall Forsyth writes. Indeed, Boehner cries, birds drop, and many other signs portend a crisis-filled year - yet stocks may keep rising as long as they're the only game in town.  [View news story]
    "The stock market is going up on FED and it's POMO. Period."

    Are you aware that most of the Dow companies are doing very well financially and they are reducing debt and increasing profits?
    Jan 6, 2011. 07:38 PM | 17 Likes Like |Link to Comment
  • Latest blow to Paula Deen, who was dropped like a hot potato by various employers and sponsors throughout the week (I, II, III) comes from Random House. Until Friday, the one bright spot of the chef's week was the #1 spot on Amazon's (AMZN) best-seller list taken by pre-orders for her newest book, due in October. But Random House, the publisher, has now backed away from publishing the book and cancelled the rest of its contract with Deen. Sears, J.C. Penney, K-mart, Walmart and Target all had announced they would stop selling Deen-branded products, including books. Also yesterday Novo Nordisk (NVO) did finally drop her as a spokesperson.
      [View news story]
    I am not so much a Paula Deen fan as I am an advocate of let's be just a little realistic about her "crime". She has said some things that were insensitive and which she should not have said but she has not committed any crimes against humanity only crimes against political correctness. This is another case of media overreaction creating chaos and calamity.
    Jun 29, 2013. 06:34 AM | 16 Likes Like |Link to Comment
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