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MarketGuy

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  • July ISM Manufacturing Index: 50.9 vs. 54 consensus and 55.3 prior. Prices index 59 vs. 68. Employment 53.5 vs. 59.9. Inventories 49.3 vs. 54.1. New orders 49.2 vs. 51.6.  [View news story]
    lol econdoc...been watching from the sidelines (accumulating silver with divested equities) quietly for some time. You should have listened to me...better yet, just used common sense. I hope no one over the past year(s) has been taking yours and other Keynsian's advice. For the sake of your employees, I truly hope your business is above water.
    Let me know when you're ready to mail out the Mac.
    Aug 8 12:41 PM | Likes Like |Link to Comment
  • Housing Starts Still Flat, But Good News Is Accumulating [View article]
    The passage of time has proven that CBP is a complete shill and would make CNBC "contributors" blush.
    Jun 16 11:50 PM | 3 Likes Like |Link to Comment
  • Want to beat the market? Easy; for starters, don't count the market's total returns. Many advisers and newsletter writers - bound only by ethics, rather than SEC rules - like to leave out market dividends in comparing performance, and it's no small gap: Over the past decade, S&P 500 is up 0.72% annually without dividends and 2.81% with them.  [View news story]
    The key is to have a link to Congress and/or a good friend at a TBTF. Oh, you may want to invest in an HFT server as well. With all that, you have a chance of "beating the market".
    Jun 4 09:04 AM | 6 Likes Like |Link to Comment
  • The U.S. has already repeated a version of the mistake of 1937 with "the mistake of 2010," Paul Krugman writes: "withdrawing fiscal support much too early and perpetuating high unemployment." Spending cuts and rate hikes would be even bigger mistakes, he says. "Those who refuse to learn from history are condemned to repeat it; we did, and we are."  [View news story]
    "Two people that are not even capable of simply math." -1980XLS

    Might I add common sense, ethics, and perception of the real word beyond their Alice in Wonderland political bubble to that lack of capability?
    Jun 4 09:00 AM | 2 Likes Like |Link to Comment
  • Critics are questioning the fancy footwork of Groupon CEO Andrew Mason in the IPO prospectus to justify a lack of profit. Adjusted Consolidated Segment Operating Income? Huh? No matter how you slice it, income is income, and debits are debits.  [View news story]
    Just more proof the entire market is filled with crooks with ADHD sheep as "customers".
    Jun 3 10:36 PM | 2 Likes Like |Link to Comment
  • The U.S. has already repeated a version of the mistake of 1937 with "the mistake of 2010," Paul Krugman writes: "withdrawing fiscal support much too early and perpetuating high unemployment." Spending cuts and rate hikes would be even bigger mistakes, he says. "Those who refuse to learn from history are condemned to repeat it; we did, and we are."  [View news story]
    well said tack.

    Case in point, I give you a 66 year historical chart plotting labor's (see: middle class) share of wealth. hmmm, middle class is 70% of real GDP? uh oh...

    www.zerohedge.com/site...
    Jun 3 10:34 PM | 3 Likes Like |Link to Comment
  • Yesterday's selloff feels like a "capitulation" to JPMorgan, confirming its view that summer weakness would be “front-end loaded.” It likes these 20 stocks for a summer rally: DAL, UAL, X, KGC, NEM, RHI, GM, MT, FCX, NUE, BRCM, GG, COL, IPG, MGA, APOL, SYMC, LVS, LINTA, CLF.  [View news story]
    ramp 'em and dump 'em. Gotta love the TBTF criminal institutions.
    Jun 2 11:01 PM | 1 Like Like |Link to Comment
  • The point was made clear in today's warning from Moody's and should not be missed: There's no such thing as a "technical default." If the U.S. doesn't resolve its debt ceiling game of chicken soon, it will mean "default," plain and simple, with a downgrade to follow.  [View news story]
    The dam is breached and the best "solutions" our govt have (in between all the political bickering and self adsorbed "film at 11" posturing) equate to garden hose sump pumps.

    It's too late, you can't "undo" critical mass reactions. Especially ones still being fed fuel.
    Jun 2 10:56 PM | 4 Likes Like |Link to Comment
  • And now, more bad GSE news, as the CBO says Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) will cost the government another $42B in the coming decade with their mortgage guarantees. The net cost of capital so far: about $130B, after $154B in capital less $24B in dividend payments. Frannie financed 63% of mortgages originated last year.  [View news story]
    it all adds up bbro...it all adds up.
    Jun 2 04:26 PM | Likes Like |Link to Comment
  • The S&P 500's Lost Decade [View article]
    ptr,

    ok, MO has had 10 year returns, however the Dollar index (when MO was theoretically purchased) was in the 119's. The dollar currently sits at 74 (and not done falling longer term IMO).

    So, with that, MO has gone from 15 to 27 in 10 years and the purchasing power of the dollar (which MO is based upon) has lost more than half it's value. This is the fallacy of long term i"value" investing. Now you can bring up the dividend of such equities that will, perhaps get you to even if you work real hard at it. Sure, there's some diamonds in the rough that will net gains, but they're few and far between.
    Jun 2 04:22 PM | Likes Like |Link to Comment
  • Officials reach agreement on a program to increase and extend Greece's bailout until 2014. The euro skies higher to $1.4478, and stocks are in the process of reversing losses.  [View news story]
    Print that fiat!

    Weimar here we come.
    Jun 2 01:18 PM | 2 Likes Like |Link to Comment
  • And now, more bad GSE news, as the CBO says Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) will cost the government another $42B in the coming decade with their mortgage guarantees. The net cost of capital so far: about $130B, after $154B in capital less $24B in dividend payments. Frannie financed 63% of mortgages originated last year.  [View news story]
    take those numbers and multiply by several times to get the real cost.
    Jun 2 01:16 PM | 3 Likes Like |Link to Comment
  • The S&P 500's Lost Decade [View article]
    poortorich,

    I see your viewpoint, but counter with a question regarding "valuation".

    There lies the flaw in the "common sense" model. How do you find real valuation with no mark to market, massive deregulation (to include lack of regulatory oversight and enforcement), the lowest trading volume in multiple decades, HFT faux liquidity, FX irregularities, Federal Reserve debt monetizing to massive margin leveraging Primary Dealers as well as a host of other manipulative and "value" blurring activities?

    The market 10 years ago is exponentially different than today and the market next week will be different than today. We are in the midst of a massive restructuring of economics and investing that began with the "big bang" known as Lehman/Bear/TARP/QE.

    Any reference (and I see them ad nauseum via CNBC as well as here with old school "money harvesters") to value, P/E ratios, earnings, etc, etc is mostly guess work based on the quick sand foundation it's derived from.
    Jun 2 01:13 PM | Likes Like |Link to Comment
  • The S&P 500's Lost Decade [View article]
    lol...guess they weren't, but then again you are a self proclaimed "economist" which puts you as accurate as the rest.
    Jun 2 12:07 AM | Likes Like |Link to Comment
  • Goldman Sachs reads the tea leaves in ADP and ISM data and cuts its forecast for Friday's labor report to 100,000 nonfarm jobs added in May, from a previous 150,000; in particular, the ADP report's weakness "follows a streak of weaker-than-expected news on both the labor market and activity as a whole."  [View news story]
    Stoned Fox,

    Now THAT's some spin...nice try.
    Jun 1 12:23 PM | 1 Like Like |Link to Comment
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