robert99

How the Dow Is Calculated

Interesting; thanks.

The Escalator of Life Is Going Down (Part 2)

Haha... Excellent article, dumb post by the first poster, excellent response to his post. I've been looking for a concise summary of how we got here to forward to friends for a while now - looks like I found it. It has been voted up on stumble and sent to everyone I know.

Wall Street Breakfast: Must-Know News

wsigler: Yes, but the problem is that the people who were responsible with their loans, who also live next door to those who were not, will probably abstain from the high road and cry for government intervention. After all, it wasn't their fault, was it? The problem is that we have simply become an entitlement society. Life still throws curveballs as it always has, but we have now come to rely on the umpire to wave us on to first base when that third strike goes whizzing by instead of admitting that we did not see it coming because it was a beauty, and sucking it up and driving on.

Best and Worst Dow, S&P 500 Performers YTD

What Kranky says about WMT's meat is absolutely true. A couple of weeks ago, my neighbor bought $40 worth of ribeyes from WMT to celebrate a new job. They looked normal in the package, looked and smelled great on the grill, but I noticed something odd the moment I cut into one: there was no noticeable marbling - my steak cut like a thick slab of country ham. Unfortunately, due to all the saline WMT pumps into their meats (10% in most cases - check the meat label and see for yourself), my $10 ribeye tasted like a salty breakfast ham. I kid you not, it had the same consistency and taste of a freakin ham, even down to the little bubbles that form in a chopped and formed ham. I was disgusted, and will never buy WMT meat again. I am getting to the point where I won't buy WMT's groceries again, because as other posters here have pointed out, the larger grocery stores do actually tend to have cheaper prices. Are they collaborating to make Wal-Mart's food department a thing of the past? I hope so - WMT is growing too large for comfort.

Can The Fed Inflate Its Way Out of Housing, Credit Mess?

Excellent article. I love arguing with fools, because they generally base their arguments on untrue premises which are easily demolished with simple reason - And then, vindication through predictions that usually come to pass. This time will be no different. Unfortunately, those same fools probably will learn nothing of themselves or their lack of reasoning skills, and will go on to make more baseless predictions based on a combination of whatever their "gut" tells them combined with their take on whatever they see on the boob tube. It would seem that fools are everywhere, even in the high dollar, high stakes financial world - And that here, too, they will never change their ways. Score one for objective reasoning, minus one for everything else.