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Econdoc

Econdoc
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  • Cramer's Lightning Round - Steve Ballmer Is Going To Redeem Himself (6/15/12) [View article]
    Cramer is a fool on Hess.

    E
    Jun 17 07:03 AM | 1 Like Like |Link to Comment
  • Stocks: The One Key In Finally Ending The Long-Term Bear Market [View article]
    Eric - I don't beleive you grapsed the gist of his point.
    When companies can borrow money and buy back stock and have this be accretive to cash flow there is clearly something out of line. Since corporate borrowing is conducted by willing buyers and sellers it is not reasonable to beleive th eproblem lies there. My husee is that you look to valuations. Stocks are cheap - perhaps not absolutely but relatively they most certainly are.

    You might pick up some pennies on your shorts as Merkel or some other does something stupid but long run we are going up not down.

    E
    Jun 16 12:30 PM | 1 Like Like |Link to Comment
  • June Empire State Survey: Manufacturing 2.29 vs. 13.8 expected, 17.09 prior. New orders 2.18 vs. 8.32 prior. Prices 19.59 vs. 37.35 prior.  [View news story]
    ideological claptrap

    the numbers tell the story - ignore the noise in your head or coming out of talk radio - people clueless about how to read a 10k or 10q evoke Keynes or Hayek as if they actually know what this means

    there is no right or wrong path - economics is not a moral concern -what matters is the long growth potential of the economy and pushing towards that number by not destroying capacity today or hindering it in other ways - thank your favorite deity every day for Bernanke and his wisdom...

    the important elements are these
    - policy stance aimed at growth with price stability
    - regulatory/tax construct that encourages resource allocation towards maximum efficiency
    - rule of law
    - free trade
    - free speech
    - productive, educated, skilled workforce
    - minimization of political/bureacratic corruption

    Much has to be done in these areas and the US is far from perfect but on all of these points it is in the top rank and that is why we grow and continue to do so

    Obama Must Be Defeated.

    It is not Keynesian economics or any other economics that is your enemy. If you love growth and prosperity for the greatest number then Your enemy is the President - who by his utter cluelessness about capital and wealth formation is dragging down US growth. The Panderer in Chief, this Alinsky acolyte, through his complete ignorance of business is bent on demonizing and bringing low the most distinctive and productive element of US society.

    Do not be fooled. You cannot redistribute your way towards prosperity. If you tax growth and investment more or penalize or make it harder to produce employment you will have less of it.
    If you tell people they can get something for nothing you will have less productivity and more dependence.
    This is human nature not politics and it is the only thing that never changes.

    Obama Must Be Defeated.

    E
    Jun 16 12:04 PM | 1 Like Like |Link to Comment
  • These 11 Charts Prove The Economy Has Gone Ice Cold [View article]
    ECRI has a good track record but numerous false positives- as pointed out by bbro.

    the original call was in September 2001 and it was a 3 to 6 month call
    this was repeated in February 2012

    growth is growth

    4% nominal/2% real may feel like no growth - but what you feel and the facts are not the same thing

    E
    Jun 14 08:04 PM | 2 Likes Like |Link to Comment
  • 5 Discounted Large Caps With Sustainable Dividends [View article]
    Z

    you published the exact same article yesterday.

    I like STD and have been loading up on it and other Eurotrash so I am ok with looking in the remainder bin but you don't want to recycle your pieces so close together. Or at least cut and past in some other stuff to freshen it up.

    E
    Jun 10 03:51 PM | 1 Like Like |Link to Comment
  • Investors Not Appreciating Improvement In Eagle Rock Energy Partners LP's Underlying Business [View article]
    LINE is a good choice

    Hogshooter...do some resaearch on that one

    E
    Jun 10 03:36 PM | Likes Like |Link to Comment
  • Weighing The Week Ahead: The Search For Leaders [View article]
    thanks Jeff.

    ignore noise.

    the earnings yield to BAA yield spread is the thing

    can stocks correct another 5 to 10% - sure they can but at this point they are like a beach ball being pushed underwater. they cannot stay where they are

    with all respect to Jeff - you cannot adjust your position weekly - this is a recipe for ruin

    E
    Jun 10 12:44 PM | 3 Likes Like |Link to Comment
  • What We've Sold, What We Own, Where We Stand [View article]
    two things about that

    know why you own something and when that something changes for the worse and really only when it does then bail

    too many people buy on a tip without a rationale or analysis - this always ends badly

    second if you owned it at 28 and bought it and bought is all the way down to 6 and kept it - you are now at 19 and with dividends you are ahead - well ahead - without a doubt. This takes cojones and few can stomach it but that is what separates the 1% from the rest. You tell me which category describes you. I know which one I am in.

    E
    Jun 10 02:01 AM | 1 Like Like |Link to Comment
  • A weakening global economy on top of a highly fragile credit system "is an explosive cocktail," says Felix Zulauf, sounding apocalyptic in the Barron's mid-year roundtable. Markets are oversold (and Treasurys overbought) for now, especially with authorities about to apply a band-aid, but continued euro disintegration and China weakness "should lead the world into financial and economic chaos."  [View news story]
    we are doomed
    the end is nigh
    run for your lives
    save yourselves

    run for your lives
    save yourselves

    E
    Jun 9 01:34 PM | 1 Like Like |Link to Comment
  • Macro Update: What Is 'Real' About The Economy? [View article]
    Difficult times for this sort of top down analysis

    The sheer number of issues and the variability means that all these top down analyses need to be taken with a large grain of salt
    No doubt ECRI's call last September was probably "right" but it was coming off the weirdness of the summer and debt ceiling isse - then it got upended by the LTRO and now looks like maybe it is right again due to similar Euro issues - until the next thing comes along- and don't forget the election if Romney can beat the Economic Idiot then you off to the races in the US - these extreme events make economic forecasting much harder than usual. Like forecasting weather on Mars.

    This stuff is next to useless for making investment choices. You have two choices - trade very short term and hop in and out picking up small gains and limiting your losses or forgetting about the noise and develop a long term plan and stick to it (my preferred approach)

    Obama Must Be Defeated.

    E
    Jun 9 11:18 AM | 4 Likes Like |Link to Comment
  • "You're never going to ever achieve the necessary pool of money that you need (by) buying bonds," says BlackRock CEO Larry Fink, whose February call to be 100% invested in equities came just about the time it paid to be 100% invested in bonds. The U.S. 10-year yields 1.56% vs. the S&P yield of 2%.  [View news story]
    picking up pennies in front of a steamroller

    E
    Jun 9 10:20 AM | 3 Likes Like |Link to Comment
  • It's Time To Invest, Not Panic [View article]
    no...

    let's panic instead,

    let's imagine, extrapolate and inflate every conceivable problem to conclude the world is about to end and then act accordingly.

    let's create a narrative and gather all the evidence we can that supports and disbelieve or discredit anything which runs contra

    let's view the entire world through a narrow ideological prism that conflates politics, economics and righteous indignation

    let us be typical, ordinary investors

    E
    Jun 8 02:16 PM | 7 Likes Like |Link to Comment
  • Will China Grow Old Before It Becomes Rich? A Demographic Time Bomb, Part 1 [View article]
    this is an important issue and yes - it will grow old before it is rich - major impllications for world politics and economics.

    E
    Jun 7 11:51 AM | Likes Like |Link to Comment
  • S&P futures +0.4% following the Fed leak about more stimulus. The dollar is marginally weaker, and gold is moving, +0.6% to a 1-month high of $1,627/oz.  [View news story]
    On Wisconsin!

    Obama must be defeated

    E
    Jun 5 11:06 PM | 3 Likes Like |Link to Comment
  • "What are a [former] senator and governor doing on Chesapeake's (CHK) board?" Doug McIntyre asks, citing a lack of credentials to serve as public company directors as reasons why they should be sacked. But CHK's “issues with debt, liquidity, cash flow and low commodity prices aren’t going to go away just because they’re changing the board," Argus' Philip Weiss reminds.  [View news story]
    a former Senator and Governor? in an industry as regulated as this? who would you rather - the accounting professor at the local Community College?

    this is absurd. who is Doug McIntyre. Does he have a clue?

    E
    Jun 5 02:53 PM | 5 Likes Like |Link to Comment
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