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MDavid

MDavid
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  • Is It Worth Holding Cash And Being Patient? [View article]
    mkemac, some of us are burdened with having been taught to use complete sentences in grade school.
    May 7 01:41 PM | 10 Likes Like |Link to Comment
  • Is It Worth Holding Cash And Being Patient? [View article]
    While he didn't try to time the market, he was very picky about the price he was paying for stocks. Yes, you could say he is a 'buy and hold' proponent, but I don't think you can rightly use that to imply that he would buy blue chips right now with no thought to valuation. He likes to buy good companies at a fair price. Most people forget the "at a fair price" part.
    May 7 12:23 PM | 14 Likes Like |Link to Comment
  • Here's What Happened The Last Time The Fed Owned All Outstanding Treasuries [View article]
    Thanks for that interesting analysis!
    Apr 4 03:46 PM | 20 Likes Like |Link to Comment
  • No longer trendy, commodities have fallen out of favor at several large public pension funds. The $36B Illinois Teachers' Retirement System scrapped its 4 year program, instead putting the money into areas better reflecting "conditions in the world economy." CalSTRS ($150B AUM) remains nominally committed, but at $150M, the amount in commodities is less than the fund's operating budget. [View news story]
    Or maybe they couldn't resist the juicy 30-year US treasury yields we've been seeing recently. 2.84%; what a steal!!!!!
    Sep 11 03:52 PM | 1 Like Like |Link to Comment
  • What might the troubles of "Sock City" - the Chinese boom town of Datang which last year produced about two pairs of socks for every person on earth - say about the rest of the economy? May's collapse of Anli Sock Group - which made 60M pairs annually - may prove to be "the Lehman Brothers of Datang," according to one government economist. "I'm very worried," says a surviving producer. "This year is much worse than 2008-09." [View news story]
    I'm sorry, but I can't stop laughing
    Sep 9 11:42 PM | Likes Like |Link to Comment
  • Illustrating Inflation Vs. Dividend Growth [View article]
    Thanks for the article.

    In a future analysis, it would be interesting to see the payout ratios for these securities in this chart over time, as this would show the sustainability of this dividend growth trend or the soft limit for how long these companies can safely keep increasing their dividends long-term.
    Aug 20 10:36 AM | 3 Likes Like |Link to Comment
  • Time For Investors To Take Back Our Streets. Here's How [View article]
    Nice article, Joseph.

    To those who don't see the issue with high-frequency trading, consider it as an issue of fairness. How many of you are able to execute 20+ trades in less than a second? Probably none of you. Don't see any issues with them being able to trade 100+ times faster than a regular market participant? Then I think you might be lacking in imagination, and I encourage you to expand your thinking.
    Aug 16 09:34 AM | 4 Likes Like |Link to Comment
  • The Consequences Of Financial Repression [View article]
    It sounds as if you're talking about Keynesian economics
    Aug 14 12:06 PM | 5 Likes Like |Link to Comment
  • Gold stocks are looking better than the metal for the first time in more than two years, which bodes well for both, Barron's Michael Kahn writes. Significant recent one-day price reversals in major gold stocks Barrick (ABX), Newmont (NEM) and Goldcorp (GG) suggests that after a long decline the bears have used up all of their energy, he says, improving their risk/reward profiles. [View news story]
    I think the idea is to buy low and sell high
    Aug 14 11:24 AM | 2 Likes Like |Link to Comment
  • Here's something for the Occupy Wall Street crowd to chew on: Bank of America (BAC) says it will pay Sallie Krawcheck a one-time severance package of $5.15M plus a full year's salary of $850K after being ousted from her role as head of the bank's wealth management group. The bank is also paying former president of consumer banking Joe Price a lump sum payment of $4.15M plus his entire year $850K salary. Being fired never sounded so good.  [View news story]
    Yes, this is pretty outrageous. It's almost like they're TRYING to upset people...
    Oct 7 06:46 PM | 2 Likes Like |Link to Comment
  • House Majority Leader Eric Cantor says it's time for Americans to "come to grips with the fact that promises have been made that frankly are not going to be kept for many," and young people must "adjust" to a future with fewer entitlements. Straight talk for a change, or a betrayal?  [View news story]
    I agree that the blame should not be placed on a person or party simply because they tell us a difficult truth. Regardless of whose fault it is, Cantor is right; I agree.

    I would be mad, however, if he suggests that those same young people will have to keep fully paying into the system as it is, without ever seeing the benefits. I guess we'll just have to wait and see the proposed plans for the future.
    Aug 3 07:38 PM | 6 Likes Like |Link to Comment
  • House Majority Leader Eric Cantor says it's time for Americans to "come to grips with the fact that promises have been made that frankly are not going to be kept for many," and young people must "adjust" to a future with fewer entitlements. Straight talk for a change, or a betrayal?  [View news story]
    The truth is the government never had any right to force people to save for retirement via social security. If we had citizens who were informed, they might have raised their voices when the idea of social security was first proposed. But no, they let the government slowly take their freedom to decide how best to spend their money. THIS is the result.

    Americans need to take a look at their rights and become far more interested in their government and in their own freedom. For too long we've been comfortable being told what is best for us.
    Aug 3 07:02 PM | 5 Likes Like |Link to Comment
  • S&P 500 Target 1190: Will We Want a QE3? [View article]
    Those are very salient points. I was sure the Fed would be afraid to even mention QE3 with all of the opposition; however, there was a whisper of it a couple weeks ago. I worry this might build some momentum and fear that everyone will be looking to the Fed to pull us out of this mess. I was pleasantly surprised to hear one Fed governor arguing against it, but who knows what will happen.
    Aug 2 06:25 PM | 3 Likes Like |Link to Comment
  • 2 Heavily Shorted Tech Stocks: Can They Bounce Back? [View article]
    Let's get something straight: Intel has a lot more money than AMD and NVidia. A lot more. If they want to, they can keep up with them.

    The only question is whether they decide it's worth it or not, and it seems like they have.
    Mar 18 05:07 PM | 2 Likes Like |Link to Comment
  • Bracing for a Double-Dip Recession: Eight Recession-Proof Stocks [View article]
    That was a well-written response. Looking out for your own country's prosperity is not necessarily communistic and may, as a matter of fact, lead to increased personal prosperity as well. One example I can think of is how some of the old manufacturers in my area took a big interest in investing some of their profits in the communities their workers lived in. It not only produced a sense of loyalty in the workers but also gave them more wealth with which to buy company products.

    If consumers are prosperous, they will spend. I always laugh when I see some well-respected analyst being interviewed on Bloomberg lamenting the lack of consumer confidence. What did he expect? If consumers are treated like quick, easy money, why should they be confident? I think one of the negative points of globalization is that corporations have no short-term incentive to care about their consumers' well-being because they can move on to new consumers somewhere else if need be. Ultimately though, this model is unsustainable.
    Sep 9 04:17 AM | 3 Likes Like |Link to Comment
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