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178 Comments

    • Kiss of Death: CIBC's Garmin Call [view article]
      No conscious about misleading small investors may get you a few bucks in the pocket, but it will send you to the hot place in the end. I'm not so sure that even given some stock market profits you'll do so well here and now. There is a price to be paid for hurting others by dishonesty. WW Jan 02 08:50 AM
    • Sliding Dollar Turns U.S Into World's Discount Mall [view article]
      When I was a young man a person could travel in Europe very cheaply, not now of course. My wife and I spend a couple of weeks each Fall in the Southwest, Gr. Canyon, Zion, Lk.Powell etc. Now you see mostly foreigners. Everything is reversed. It's very tough to get reservations because the travel agents book them all a year ahead and obviously find it easy sell them to these visitors. Most Americans are oblivious to the fact that our government's leaders have squandered our prosperity with their insistence on dominating the world. For a picture of how this has happened I suggest reading "Brothers" by David Talbot. WW Nov 08 09:12 PM
    • Skill vs. Luck in Investing [view article]
      I think I follow your logic. If I do, I agree that successful investing is more an art than science. Many people who study a lot, are very intelligent, and have lots of experience still will perform only mediocre. It certainly doesn't help that they hype their talent, charge high fees or attract attention. I learned over a life time that genius is unexplainable and doesn't even necessarily co-relate with intelligence. That did surprise me and is an important reason why many people are not recognized for their gifts. WW Nov 06 05:55 PM
    • Margin Debt Declines Sharply [view article]
      My son who is tuned to the condition of small manufacturers as a marketer of basic materials widely used tells me that he is experiencing an exceptionally slow period due to so many company's cutting back purchasing and reducing staff. That isn't showing up in the Gov't Stats but I'm inclined to think what he is finding is a significant picture of small business problems. WW Nov 05 02:26 PM
    • Garmin Will Recover When Tele Atlas Deal Is Done [view article]
      First I'm long also and will continue holding. Garmin is a good company with excellent management and organizational culture. That said I don't agree with your scenario. The pristine balance sheet Garmin possessed is gone and the growth and margins previously enjoyed are unsustainable with the consolidated organization, therefore we will see an adjustment in the price paid for earnings. The PE will do well to hold around 25 and given the expected $3.40 for 2007 there is likely so additional downside to expect. WW
       Nov 02 09:42 PM
    • I Call "Shenanigans" on GDP! [view article]
      I was taught as a young man by a wise old guy in our community that the government always lies. What is incredulous to me is that as obvious as that has become the public at large still like sheep believe (for the most part) most of what they are fed. You can't be very well informed of history or observant of your surroundings and not realize the unfortunate truth of my mentor observation. WW Nov 02 08:53 PM
    • "Benign" Inflation, Added Surcharges [view article]
      You will get flack from those who sentiments are with big government and have no commitment to saving or making life better for their children who are at risk of having a lower standard of living. Inflation is clearly a problem. My savings are worth about one tenth of what the dollar I saved in the 1950s. Those who look to the government for their security don't have the problem because they spend their current income and escape the problem so long as they are high income earners. Unfortunately most americans can't manage to put away enough to take care of their future because every penny they are able to save is depleted by government irresponsibility. That same entity that masquerades as the security blanket for those in need. WW Oct 31 10:34 PM
    • Why The Fed Should Not Cut Interest Rates [view article]
      The issues described in this article set the scene that existed before the first 1/2 per cent cut, so a further reduction is a bail out for the people who profited from the creation of this problem. That bail out doesn't come for free. In the end it's paid for by devaluing the savings of all the responsible persons. Think Bernake's is a captive of the Wall St insiders? We'll be sure shortly. WW Oct 30 07:31 PM
    • No Free Lunch: Ongoing Ramifications of An Easy Fed [view article]
      The dollar decline is in truth the mirror opposite image of inflation and a true picture. If the world is flat, and it truly is, we are all here just that much poorer because our savings are worth just that much less. It points out how government is destroying our position in the world by trying to militarly dominate it and the Fed. Res is accomodating it as always. The trend of putting more investment dollars into foreign companies has only just begun because there is little hope of a real change in Washington. WW Oct 24 01:13 PM
    • Inflation Ex-Inflation To Be Official Fed Policy? [view article]
      Curious they can reasonably exclude the vary cost that virtually no family can avoid. We are going to buy groceries even if we can't afford much else and how many are able to reduce the amount of gasoline they consume significantly? Neither of these items are the things people are able to make big changes in unless they are in sever poverty. WW Oct 23 10:26 PM
    • Earnings Drag the Dow Lower [view article]
      I don't understand google at all. Why is it that their competiors can't match their features since they aren't all that special? It's much like Wall Mart, it was years before a Costco came along and yet there was no brain surgery in Wall Mt. operations. You'd think that anything so easy to copy would not go far. Analyst usually suggest this will happen and growth will moderate, but they aren't doing that with google. Am I missing something? WW Oct 21 05:29 PM
    • Margin Debt Grows; Risk Grows Too [view article]
      Margin debt should be related to trading volume in dollars rather than market cap. Additionally, since the big investment banks do half of more of all the trading the comparison should be to the 40% of the trading the public originates. The investment banks have a window on the public exposure that allows them to exploit the condition when margin debt is vulnerable to margin calls. That's what creates the Oct. 87 situations. That event was totally an artificial correction engineered by those in a position to exploit these situations. The evidence was confirmed by the rapid recovery which made it clear the market was not over valued, simply manipulated. WW Oct 21 05:18 PM
    • Strange Inflation News [view article]
      The problem with your scenario is that people don't buy TVs, and new homes everyday. Sure new introductions like computers, HDTVs, GPS devices can be marketed for a period at excessive profit levels, but the descent to more modest prices doesn't add up to a long term impact on the cost of living to individuals since most people can't afford these toys until the prices are competitively determined. Home prices have zero impact. You must live somewhere and the house you sell goes down just as the house you buy. I think you are living on some other planet if your cost of living is anything close to what the governments reported price indexes have been showing for many years now. The thoughtful person has long recognized that there cost of living is not increasing at 3% levels. WW Oct 19 12:56 PM
    • No More Naked Shorts For You! Reg SHO Exemption Phase-Out Begins [view article]
      Naked shorting, you think is a tempest in a tea pot. Either you aren't very bright or you are a mouth piece for the Wall St Crowd who operated the scam. It was clear an simple a very profitable counterfeiting racket. The hedge funds who through bad investments later lost the money garnered in this way will no doubt bury it as losses from sub prime and we have yet to see if many of them can cover their shorts. WW Oct 17 02:17 PM
    • Hard Assets, Financial Markets, Risk/Reward Ratio: Where To Invest? [view article]
      My experience was after very careful reserch into the reservers of a large oil company (large reserves valued on the books at about $5 bbl.) I still lost money on the investment when the company was bought out by another (1980s) for less than it's tangible reserves value. Real Estate and timber often shows the same results. It's far better to put your investment dollars in firms where the valuation is based on current earnings per share, not on hoped for realization of asset values. That's been the lesson I've learned the hard way. WW Oct 15 12:15 PM
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