Seeking Alpha

Jim P. Smith

Jim P. Smith
Send Message
View as an RSS Feed
View Jim P. Smith's Comments BY TICKER:
Latest  |  Highest rated
  • Marc Faber is bullish on Japanese stocks amid reconstruction work that will be needed: "the government will have to monetize, will push money into equities." He also sees Middle East turmoil as a boon for gold, oil and other commodities, given his pessimistic view of the area, and thinks U.S. stocks have begun a correction that could culminate in “a more significant setback in May, June."  [View news story]
    Being bullish on stocks and commodities at the height of uncertainty sure seems like a late invitation to the party...
    Mar 24, 2011. 03:51 PM | Likes Like |Link to Comment
  • U.K. Chancellor of the Exchequer, George Osborne, currently delivering his 2011 budget to the House of Commons, will not propose any new spending cuts or tax increases beyond those already implemented. He forecasts inflation, currently at 4-5%, to drop to 2% in 2 years time.  [View news story]
    I want access to his ouija board!
    Mar 23, 2011. 09:04 AM | Likes Like |Link to Comment
  • Goldman: Gold $1,480 in Next 3 Months [View article]
    Zerohedge points out quite rightly that if the price of Gold is rising to $1480 in THREE months... why is Goldman advocating investors buy the DECEMBER (9 months) future?

    Read more:
    www.zerohedge.com/arti...
    Mar 23, 2011. 09:00 AM | 4 Likes Like |Link to Comment
  • In response to the high level of radioactive contamination, Japan comes up with the natural governmental response - it raises from 6K CPM to 100K CPM the level at which people must undergo mandatory decontamination. The government says this change will not endanger health.  [View news story]
    Yeh. Yer health is already messed up, why bother hiding it with unnecessary decontamination. - oh and btw, thanks for playing!
    /sarc off.
    Mar 21, 2011. 12:55 PM | 2 Likes Like |Link to Comment
  • Flow of funds data shows central banks, either the Fed or overseas, funded 90% of the government deficit in Q4 2010. These purchases are funded with currency created by the click of a mouse button ... no wonder commodities are screaming and Bill Gross dumped his long bonds.  [View news story]
    Congress could put a stop to it if they'd stop deficit spending - yeah a pipe dream in today's world but it did happen previously in my lifetime.
    Mar 18, 2011. 01:04 PM | Likes Like |Link to Comment
  • Yen: Speculation, Repatriation and More [View article]
    Disagreeing (slightly) with the assessment that JCB can devalue the Yen at will. Other central bankers get p*ssed when JCB acts unilaterally - catching them off guard. Hence the coordinated action today. Sure they CAN intervene at their leisure, but they know it is not necessarily in their best interests to do so on their own.
    Mar 18, 2011. 12:50 PM | Likes Like |Link to Comment
  • Since Japanese automakers may not have a steady supply of vehicles for a while, they won't be as aggressive in cutting prices for consumers or dealers. That could prompt other automakers to throttle back on sales incentives, making all wheels more expensive.  [View news story]
    Plenty of idle supply in auto industry. Non-event globally.

    Japanese brands will suffer market share loss near term, but they're pretty diversified vis a vis manufacturing in their biggest markets - so I don't see that as much of a news item either unless there's some mysterious sproket they can only source from NE Japan.
    Mar 16, 2011. 03:28 PM | 3 Likes Like |Link to Comment
  • Aflac (AFL -5.4%) stands by its view that it doesn't expect a meaningful impact on earnings and it isn't changing its guidance for the year. The three hardest-hit prefectures represent less than 5% of Japan sales, CEO Daniel Amos says; investors are succumbing to "the tendency [to] look at the worst case." Shares take a beating anyway, along with MET -2.5%, HIG -3.7%, PRU -1.8%.  [View news story]
    I can't believe they ditched Gilbert.
    Mar 15, 2011. 04:02 PM | Likes Like |Link to Comment
  • Earthquake Highlights Opportunity for Treating Radiation Sickness [View article]
    Aelous Pharma's AEOL 10150 is pretty far along and last I knew were seeking Fast Track approval...

    www.aeoluspharma.com/?...

    Disc: Long AOLS.OB
    Mar 14, 2011. 02:20 PM | Likes Like |Link to Comment
  • 6 Market Aftershocks of the Japan Disaster [View article]
    One thing is certain: Economic output in NorthEastern Japan is effectively at a halt for the foreseeable future.
    Mar 14, 2011. 11:53 AM | 1 Like Like |Link to Comment
  • The Economic Impact of Japan's Monster Quake [View article]
    I think this is good news for US auto workers (both US and foreign brands), regardless of which brand they serve.
    Mar 14, 2011. 09:43 AM | 1 Like Like |Link to Comment
  • $140 Oil and How to Profit From It [View article]
    Amazing after all these years a pathetic program like paint is still the de-facto windows standard. Not criticizing, mind you (I use it too), just saddened by the pathetic state of the windows graphics editor program paint.
    Mar 7, 2011. 03:25 PM | 2 Likes Like |Link to Comment
  • Oil inventories creeping upwards [View instapost]
    It would be interesting to see an update on this piece given the latest surge in oil prices Greg.
    Mar 7, 2011. 10:47 AM | Likes Like |Link to Comment
  • 'Crashiversary' Week Begins - Just Another Manic Monday [View article]
    It just boggles the mind how hard the Fed has been willing to "push the rope" with QE.
    Mar 7, 2011. 10:41 AM | 2 Likes Like |Link to Comment
  • The 15 most hated U.S. companies, according to 24/7 Wall Street, in no particular order: AMR, NOK, TM, BBY, CHTR, C, T, BAC, DELL, DISH, JNJ, MCD, UAL, BP, DTV.  [View news story]
    How BP avoided being the most hated company is beyond me.

    I think the headline was a mis-quote btw. I think they meant, "companies most hated by Americans..."
    Jan 4, 2011. 03:12 PM | Likes Like |Link to Comment
COMMENTS STATS
437 Comments
896 Likes