California Joins the High Risk Default List [View article]
<it is infuriating to watch the ineptness of the Legislature in Sacramento to do their job -- but then when politics became a career it ceased to attract qualified honest people who really do have a passion for public service. -- >
I've lived here since 1974, and it's only gotten worse. There is nothing but gridlock in Sacramento these days. Who can hold their breath the longest(?), etc. Infuriating indeed. The special interests have ground everything to a halt. Throw in the neverending taxes and all the illegals, and it's a wonder we haven't defaulted already.
I think buying RIG here is the opp that jumps out at me.
Yes, there are many scenarios that could occur re BP's future. I think they'll be bled to the bone-at least that's what the pols and the lawyers will spend years trying to do (well, the lawyers, anyway). With BP's dividend likely to be cut, it logically follows that there will be (at least) a little bit more price depreciation. I would wait for some clarity on that issue before buying. Plus, if this thing gets dragged out long enough, it is possible that BP will begin to stand for 'Bad People', and their name/brand will be tarnished (in the U.S. anyway) to the point that something will have to change for BP America. AIG's selling off/changing names of some of its subsidiaries comes to mind.
Time to Buy BP, Transocean, Or Halliburton? [View article]
Agree. Too many uncertainties, and imo, someone will have to play the sacrificial lamb-mostly likely Hayward. Despite what he's said about not stepping down, I think this will get dragged out to the point where the politicians will want to see somebody under the bus...and it won't be them. Even if I was to buy BP, I think waiting will get me a better price. Everyone will want them to pay for every little thing...and all those little things will add up to mucho billions.
Where Is BP Headed: $70 or $0? [View article]
The Trouble With China's Bubble [View article]
California Joins the High Risk Default List [View article]
I've lived here since 1974, and it's only gotten worse. There is nothing but gridlock in Sacramento these days. Who can hold their breath the longest(?), etc. Infuriating indeed. The special interests have ground everything to a halt. Throw in the neverending taxes and all the illegals, and it's a wonder we haven't defaulted already.
California Joins the High Risk Default List [View article]
The Long Road Back to an Asset-Based Economy [View article]
The Long Road Back to an Asset-Based Economy [View article]
Where Is BP Headed: $70 or $0? [View article]
Yes, there are many scenarios that could occur re BP's future. I think they'll be bled to the bone-at least that's what the pols and the lawyers will spend years trying to do (well, the lawyers, anyway). With BP's dividend likely to be cut, it logically follows that there will be (at least) a little bit more price depreciation. I would wait for some clarity on that issue before buying. Plus, if this thing gets dragged out long enough, it is possible that BP will begin to stand for 'Bad People', and their name/brand will be tarnished (in the U.S. anyway) to the point that something will have to change for BP America. AIG's selling off/changing names of some of its subsidiaries comes to mind.
Where Is BP Headed: $70 or $0? [View article]
Time to Buy BP, Transocean, Or Halliburton? [View article]
Time to Buy BP, Transocean, Or Halliburton? [View article]
Time to Buy BP, Transocean, Or Halliburton? [View article]
Time to Buy BP, Transocean, Or Halliburton? [View article]
Which side has the best lawyers??
Time to Buy BP, Transocean, Or Halliburton? [View article]
Time to Buy BP, Transocean, Or Halliburton? [View article]
Time to Buy BP, Transocean, Or Halliburton? [View article]