davidshelton

davidshelton
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  • Eerie Similarity Between the 1987 Crash and the Summer Crash of 2011  [View article]
    Running through my inexperienced mind this weekend : Some key differences between 87 and now though are that inflation appears to just be getting going as well as monetary devaluation, central bank intervention seems to be out of control, QE is all over the place and markets are quite accustomed to governments riding to the rescue though obviously there are those who doubt that will happen this time. I saw another contributor on here point to a recent spike in the rate of growth of M2 money supply. Is all that cash starting to slosh through the system? Will that not also provide a floor for risk assets? On the big day of the crash there was the emergence of a new military crisis between Iran and the US which must have added to the selling considerably. Separately, I also wonder how much the BOJ`s intervention of the Yen following SNB`s own helped strengthen the dollar further to the detriment of risk assets on Thursdays massive selloff. Is history really rhyming here?
    Aug 7, 2011. 04:52 PM | 1 Like Like |Link to Comment
  • Drill for Geothermal Power in Developing Countries  [View article]
    Hopefully it is for the best of Ram power and its shareholders....
    Aug 7, 2011. 02:56 PM | Likes Like |Link to Comment
  • S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."   [View news story]
    Ha! I love your optimism or is it sarcasm?
    Aug 5, 2011. 10:40 PM | Likes Like |Link to Comment
  • S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."   [View news story]
    I wonder how much longer France and the UK will keep AAA with a stable outlook?
    Aug 5, 2011. 10:33 PM | 1 Like Like |Link to Comment
  • The Federal Reserve says the S&P downgrade will not affect bank capital requirements as "the risk weights for Treasury securities and other securities guaranteed by the U.S. government, government agencies, and GSE's will not change."   [View news story]
    China´s Dagong has the US at the same level as Russia and South Africa and downgraded despite the debt deal. Not much news fanfare. Will the big money really care at this point?
    Aug 5, 2011. 10:18 PM | 3 Likes Like |Link to Comment
  • S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."   [View news story]
    What a circus! Announcing now on a Friday night. Emergency new debt deal rushed though before Monday´s open!? You´ve got to laugh....
    Aug 5, 2011. 10:11 PM | Likes Like |Link to Comment
  • S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."   [View news story]
    "The yen eased to two-month lows against the dollar Friday while Japanese shares dipped slightly, after Standard and Poor's cut Japan's long-term debt rating" - This from NDTV.com from the cut of January this year. Anyone know what happened after the original cut?
    Aug 5, 2011. 09:54 PM | Likes Like |Link to Comment
  • S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."   [View news story]
    So what happened to the 2Trillion error found by Treasury officials??
    Aug 5, 2011. 09:32 PM | 3 Likes Like |Link to Comment
  • Drill for Geothermal Power in Developing Countries  [View article]
    I also have read somewhere wording in a recent release about recent financing developments that sounded negative toward Ram. The lenders don´t want his return or am I misreading this?

    "In return, the lenders requested the right to re-evaluate the credit facility should certain changes to the company's board of directors or management occur. In particular, the amendment provides that if the company's current executive chairman, Antony Mitchell, leaves the company's board of directors the lenders have the right to approve his replacement or, if he is not replaced, the composition of the company's board of directors after his departure.The amendment also provides that the outstanding loans under the credit facility will be accelerated if the company's former chief executive officer, Yeheskel (Hezy) Ram, is reappointed to or becomes a member of the company's board of directors or becomes an officer, employee or paid consultant of the company or any of its subsidiaries."
    Aug 5, 2011. 08:27 PM | Likes Like |Link to Comment
  • The Summer Crash of 2011 and the Shape of Things to Come  [View article]
    I´ll be watching JNK on the screen from now one. Thanks for the F¨YI.
    Aug 5, 2011. 05:40 PM | Likes Like |Link to Comment
  • So Where's the Fear?  [View article]
    Thanks for the article. With all the gloom and doom out there it´s good to hear some more reasoned analysis. So just plain vanilla correction fueled by Jap-intervention and Euro /economic slap in the face? After the last two days I need a new pair of shorts.....
    Aug 5, 2011. 05:25 PM | 1 Like Like |Link to Comment
  • A government official tells ABC News the federal government is expecting S&P to downgrade the U.S. credit rating. A lack of confidence that serious deficit reduction can take place will be among the reasons for the action.   [View news story]
    Did this come out before the close? I think I heard the rumour. We don´t need that right now with the markets in this shape. How about putting the US on negative watch to sort it out, please.....
    Aug 5, 2011. 05:21 PM | Likes Like |Link to Comment
  • Eerie Similarity Between the 1987 Crash and the Summer Crash of 2011  [View article]
    Some reading for me this weekend as to the underlying conditions of the 1987 crash. I was 10 years old then and I don´t remember much in the way of financial news that year! Any thoughts from the older and wiser?
    Aug 5, 2011. 05:17 PM | Likes Like |Link to Comment
  • Give Your Portfolio a Head of Steam With Ormat  [View article]
    Holders of Geothermal stocks have been pretty badly punished the last year and one can only hope that this fledgling energy sector gets a lot more recognition for being a true renewable base load power provider that is very cost competitive and long lived. I read that it not being a "sexy" venture for big money, Wall Street and it´s huge marketing push has kept this sector struggling for financing and under the radar. One day this will change. I will patiently hold my shares in this and other Geothermal plays in the meantime.
    Aug 5, 2011. 04:54 PM | Likes Like |Link to Comment
  • The Summer Crash of 2011 and the Shape of Things to Come  [View article]
    Thanks. Any recommendation for a free source of that information? At least 15mins delayed though real time would be nice!
    Aug 5, 2011. 04:38 PM | Likes Like |Link to Comment
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