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  • Kinder Morgan: What You Need To Know About The Preferred Stock [View article]
    if business was so good they would not need to raise capital they way they are and pay the yield they are forced to pay.
    Oct 28, 2015. 10:30 PM | 1 Like Like |Link to Comment
  • 'Star Wars' still not locked down for China release [View news story]
    Oct 28, 2015. 09:24 PM | 5 Likes Like |Link to Comment
  • McKesson Is An Inexpensive Company [View article]
    Anyone have any idea why this FKIN stock just gave up 10% on no news? I'm sick of this insider trading garbage. If anyone else has a sizeable position in this company and is interesting in contacting them about starting a lawsuit please reply and let me know.
    Oct 27, 2015. 01:02 PM | Likes Like |Link to Comment
  • The Crowd Is Cheering As If A Tie Is A Win: S&P 500 Back To Even [View article]
    First and foremost it depends on the Reit. As we can see with MLP's lately, just because you have a high yield does not mean you are bulletproof.
    Oct 27, 2015. 12:27 PM | Likes Like |Link to Comment
  • Kinder Morgan: What You Need To Know About The Preferred Stock [View article]
    and KMI is "best in breed" in this area so it shows you the potential that the whole sector has to get crushed.
    Oct 27, 2015. 09:55 AM | 1 Like Like |Link to Comment
  • Bristol-Myers Q3 top line up 4%; net income off 2%; guidance raised [View news story]
    Oct 27, 2015. 09:48 AM | Likes Like |Link to Comment
  • Kinder Morgan: What You Need To Know About The Preferred Stock [View article]
    "can you get such a great rate with little downside risk"

    I bet if you ask anyone ever involved in a deal gone bad or worse, that's what they said right before as well....
    Oct 27, 2015. 09:45 AM | 8 Likes Like |Link to Comment
  • Kinder Morgan: What You Need To Know About The Preferred Stock [View article]
    other than the pure desperation that is taking place at KMI and elsewhere...not much....
    Oct 27, 2015. 09:44 AM | 6 Likes Like |Link to Comment
  • Why Following Big-Name Investors Could Mean Capital Losses On IBM [View article]
    "I might be wrong, but I would be wrong on my own"

    No need to say another word, you clearly understand what you are doing. All the best to you.
    Oct 27, 2015. 09:27 AM | 1 Like Like |Link to Comment
  • Why Following Big-Name Investors Could Mean Capital Losses On IBM [View article]
    I guess I just don't get it with IBM. There are too many other companies too choose from that pay a dividend and have a much cleaner balance sheet. The people on here who seem to be defending it the most are those who have owned it for a long time. I get that. I do think though that sometimes it's just easier to hang on to a name that is doing poorly and hope it recovers rather than step back and have to identify a better place to park money. It takes a long time to get comfortable with a new name. For div investors I presume buying a stock is similar to buying an income property. It's a pain in the ass to look for a new neighborhood...
    Oct 27, 2015. 09:08 AM | 1 Like Like |Link to Comment
  • Economics, The Art Of Deception Vs. Demographics, The Simple (Yet Ugly) Reality [View article]
    I was sent this by someone who I consider the most intelligent human being I have ever encountered, and hands down has the best investment acumen I have ever come across. He sent this to me in 2013 when I used to hit him with much of the macro/demographic shared in this article. It's long, but a good read, fwiw...

    "Ok, let me reply with a few anecdotes of my own to better help you understand the 1% mind, if you will. But before that even, let me just try to nail this down in a brief way because I want to explain to you as well as I can, why if you think it through, there is no chance the 1% have anything in mind for the masses other than the Wall-E scenario.

    And let me just say I have heard it all from the simple- ‘they are gonna take our pensions’ to Alex Jones’ mass cullings and the FEMA camps. None of that is going to happen. Keep your tin foil hat on for a minute though, because I am going to put on my 1% hat for the rest of this email and explain to you why we have no interest in ‘doing away’ or even pissing off the masses in any way.

    It comes down to what Balzac once said:

    “Nothing so fortifies a friendship as a belief on the part of one friend that he is superior to the other”

    What you do not understand is how we are totally aware of how we depend on the masses. All we care about is our own privilege, as long as we have that we could give a shit about the rest of the world, we only care about ourselves and satisfying our want for folly and one upsmanship. ( This is it, as long as we have that we couldn’t give a rats ass about the rest of you- all we want is for Zabars to have a minimum selection of 20 caviars (we want globalization as that means MOAR luxury goods).

    We do not like social upheaval- you know why? Not only does it create unpredictable consequences for our elegant system that keeps us where we are, but if you look at history, all times of even minimal social upheaval have caused social mobility- ie when the poor have sudden opportunities to become rich, and for the rich to fall from their ranks. A perfect system to us is one that limits social mobility at a pace acceptable to us. We can accept some new blood among the 1% and kick a few David Siegels out now and then (the NY social register has seen families come and go all the time), but there can be no sudden changes we aren’t prepared for. So this is why we want things running smoothly and not just from one economic crash to the next.

    Then let me explain to you why we will never “cull” or do away with the masses. If anything we need way, way more of them. Why would that be you ask? Silly marketwatcher, because it takes 6 billion people+ just to produce the few million (the cream of the crop if you will) that we really need to keep us happy. Let me explain to this to you in statistical terms:

    Out of an ordinary pool of a million people from the masses:

    -Maybe 100 out of 500,000 women will be attractive enough to become a $1000 per hour hooker, and I don’t do less than 2 at a time, Frank. I know the Japanese are working round the clock on sex robots, but for now I’ll have to pass. Besides we still need attractive women from the masses to be our many mistresses and make us happy as we approach old age. And even if we did only intermarry amongst our 1% selves (and then you’d end up looking like Prince Charles), which we don’t, its still good to have hot women around, you know? So the masses are needed by the truckload just to produce a small ore of hot women.

    -Out of the 500,000 men, maybe only 10,000 would be smart enough to design a Porsche, and those babies aren’t going to design themselves… Plus when I get a disease I expect a small army working on a cure for me…

    -Out of the total million, maybe 10% are skilled enough with their hands to ‘handmake’ all my luxury goods. And even my mistresses, who are of the masses, demand their leather goods to be handmade. So robots and automation in factories are great, but I demand there is some artisan who personally crafts my shoes, my watch, my clothes, my car, my haircut, etc. etc. We only want the best, you see, and mass production just can never offer it by definition. Robots are never going to be able to hand restore the frescoes in my villa, or cook me a Heston Blumenthal feast of whimsy.

    -Then we like entertainment just as much as everyone, so we need a huge proportion of these people working in some form of the entertainment industry, because I want movies just like everyone, my kids want videogames, just like everyone. You know how big of a population you need just to get a few good looking and/or talented people that you can put on tv?

    -Then I hope for my childrens sake that they will have Rosie the Robot (from the Jetsons) to replace those awful maids and butlers (they judge us when they go home and then spread gossip, who wants that…) I have to hire right now to clean up after everyone. But right now I need a small army to clean up my dogshit, open my limousine door, each of us needs a stewardess of our own on the Learjet, etc etc. Just the lawn on my house requires a gardening team of 12. Again, I hope for my childrens sake the topiary can be ably performed by robots in the future, but for right now, we have to hire that gardening team to keep the trees looking like elephants. So we need 200k from the million just to be our servants and maintain our little ‘eloi’ bubble existence, until hopefully robots can replace them.

    -Then we need a massive chunk of people just to protect us. That is why we have organized the mafia to end all mafias: law enforcement. Check mate. So we need a big proportion of those people just to staff this law enforcement network. Then I need private security. Those little punks smashed the windows in one of the beach houses I haven’t gotten around to visiting for 5 years now and so I need a security team just to watch over it…

    -Then you need a massive chunk of these people to staff the MIC so our system isn’t in any external danger and we keep calling the shots worldwide by ultimately resting most military power in a place where we have a good grip on it.

    See what I mean, pretty soon, from the million people, many are all involved in our own quest to maintain our privilege, and we understand that we depend on them to realize this. The ones that we don’t want, well that is exactly why we created the free shit army in the first place, so they can have a shopping mall to shuffle around in while we go about our 3-hooker orgies. Remember we cant have these people threatening our notion of social mobility by getting uppity, so we have to organize a whole entertainment system for them to keep them distracted, not to mention a massive political system where they can fight with each other over the bones we toss them.

    So you understand where this goes:

    We need 6 billion people just to produce the few hundred million that sustain our bubbles (our maids and doormen, and chefs and waiters, and hookers and entertainers, our security guards, and cops and soldiers), and then we need to skim off the cream of the masses, the 10% with the highest IQs, to run our shit for us so we don’t have to (make our porsches and learjets, and our botox injections, and our handmade leather iphone cases- all of which robots can never do). So you cant just do away with the masses or else we wouldn’t get all the above, and at the same time, we can’t afford to let them get uppity (that threatens our stability). So the only answer was the free shit army, and it doesn’t cost us a cent, its actually the reverse. The more the free shit army grows from year to year, the more proportionately rich we actually become!

    So the detritus of the masses we don’t need we will stick in little pods just like in Wall-E. Similar to the matrix for them, except we will not be so stupid as to impose those pods on them, we will let them design their own pods, and trust me, they will come out looking just like in Wall-E"
    Oct 27, 2015. 08:53 AM | Likes Like |Link to Comment
  • Why Following Big-Name Investors Could Mean Capital Losses On IBM [View article]
    "and people who disagree with me don't have my superior knowledge of the company gleaned from Google searches of all the positive IBM articles I can find..."

    damn man....well said..
    Oct 27, 2015. 08:38 AM | 2 Likes Like |Link to Comment
  • Why Following Big-Name Investors Could Mean Capital Losses On IBM [View article]
    It's a personal preference I admit but I believe you can't have a lifetime timeframe today. Technological advancements have a way of making big companies obsolete a lot quicker than they used to. I believe that is what we are witnessing with IBM. I would be more concerned with that, rather than watching the ticker every moment. But that's just me.
    Oct 27, 2015. 08:37 AM | 1 Like Like |Link to Comment
  • The Crowd Is Cheering As If A Tie Is A Win: S&P 500 Back To Even [View article]
    I don't know why he is not adding in that he contributed into the account. It's not that big of a difference maker. But it should be acknowledged.
    Oct 27, 2015. 08:01 AM | Likes Like |Link to Comment
  • The Crowd Is Cheering As If A Tie Is A Win: S&P 500 Back To Even [View article]
    No, the price of the bond goes up....just like the price of the stock went up....

    The one difference in the scenario it's that the stock could possibly raise it's div yield or cut it, where the coupon would not change.
    Oct 27, 2015. 07:59 AM | Likes Like |Link to Comment