mavericks's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/67531/comments http://seekingalpha.com/article/175060-another-crisis-looms-right-around-the-corner?source=feed#comment-777166 777166
Oh wait...that's just the mailman.


On Nov 25 10:14 AM allforone wrote:

> Our uber-liberal electorate is working hard to destroy the American
> economy, beginning with taking over the banks and auto industry.
> Next targeted is the 1/7th of our health economy, next will be the
> energy sector until everything is under 100% government control.
>
> I would hate to see the private ownership of gold being made illegal
> again by our elite electorate - by making it a crime to buy or sell
> bullion privately without government intervention and forcing citizens
> to register gold like weapons.
> Other than that, at this point in time I still have a job.
> Have a great Thanksgiving, all.]]> Wed, 25 Nov 2009 11:08:58 -0500
Oh wait...that's just the mailman.


On Nov 25 10:14 AM allforone wrote:

> Our uber-liberal electorate is working hard to destroy the American
> economy, beginning with taking over the banks and auto industry.
> Next targeted is the 1/7th of our health economy, next will be the
> energy sector until everything is under 100% government control.
>
> I would hate to see the private ownership of gold being made illegal
> again by our elite electorate - by making it a crime to buy or sell
> bullion privately without government intervention and forcing citizens
> to register gold like weapons.
> Other than that, at this point in time I still have a job.
> Have a great Thanksgiving, all.]]> http://seekingalpha.com/article/175060-another-crisis-looms-right-around-the-corner?source=feed#comment-777149 777149 Wed, 25 Nov 2009 11:01:39 -0500 http://seekingalpha.com/article/174690-cefs-for-week-of-11-20-09-conservative-tilt?source=feed#comment-771983 771983 Sun, 22 Nov 2009 12:53:06 -0500 http://seekingalpha.com/article/174594-buy-write-etfs-minimizing-the-market-s-angst?source=feed#comment-770439 770439 Sat, 21 Nov 2009 10:11:44 -0500 http://seekingalpha.com/article/173199-pimco-global-stocksplus-income-fund-looks-overvalued?source=feed#comment-758468 758468 Fri, 13 Nov 2009 09:26:34 -0500 http://seekingalpha.com/article/170857-the-empire-will-strike-back-stocks-will-recover-for-a-while?source=feed#comment-744064 744064
Speak for yourself. I love it!]]> Wed, 04 Nov 2009 08:58:50 -0500
Speak for yourself. I love it!]]> http://seekingalpha.com/article/170419-how-bloomberg-fabricates-u-s-housing-numbers?source=feed#comment-740106 740106
Second, I would think it would be in a bank's best interest to rent out, either to the former owners or somebody else, the homes they foreclose upon and try and wait for home prices to recover before putting them back on the market. If this is the case, would these homes be considered "empty"? Just asking.

Frankly, I think the tone of this article is a bit on the emotional side so that is why I'm questioning it. ]]> Mon, 02 Nov 2009 09:00:50 -0500
Second, I would think it would be in a bank's best interest to rent out, either to the former owners or somebody else, the homes they foreclose upon and try and wait for home prices to recover before putting them back on the market. If this is the case, would these homes be considered "empty"? Just asking.

Frankly, I think the tone of this article is a bit on the emotional side so that is why I'm questioning it. ]]> http://seekingalpha.com/article/169731-california-entering-inflationary-depression?source=feed#comment-735301 735301
Umm...actually, they are upgrading the eastern span. The old span, which is where the debris came from, will be demolished afterward.]]> Thu, 29 Oct 2009 09:29:38 -0400
Umm...actually, they are upgrading the eastern span. The old span, which is where the debris came from, will be demolished afterward.]]> http://seekingalpha.com/article/168061-wells-fargo-earnings-first-leak-in-the-dam?source=feed#comment-724924 724924
The good news is that WFC is rather unique and I wouldn't necessarily extrapolate that onto other banks. The bad news is that California is still WAY overpriced in the $500K to $1 million market, which frankly, is still the majority of the homes in the metro and coastal areas. ]]> Thu, 22 Oct 2009 08:40:41 -0400
The good news is that WFC is rather unique and I wouldn't necessarily extrapolate that onto other banks. The bad news is that California is still WAY overpriced in the $500K to $1 million market, which frankly, is still the majority of the homes in the metro and coastal areas. ]]> http://seekingalpha.com/article/166334-bond-etfs-suffer-from-pricing-discrepancies?source=feed#comment-714784 714784 Wed, 14 Oct 2009 08:48:37 -0400 http://seekingalpha.com/article/164955-proshares-130-30-etf-is-already-successful?source=feed#comment-704802 704802 Tue, 06 Oct 2009 08:47:03 -0400 http://seekingalpha.com/article/164159-mortgage-delinquencies-rising?source=feed#comment-698244 698244
Are you sure there's not alot of Option-ARM loans that would also share in this positive predicament? Certainly, anyone who put no money down and just paid the minimum payments is going to be in trouble even with a positive reset, but do we know what % of Option-ARM's are in that situation?]]> Thu, 01 Oct 2009 08:48:03 -0400
Are you sure there's not alot of Option-ARM loans that would also share in this positive predicament? Certainly, anyone who put no money down and just paid the minimum payments is going to be in trouble even with a positive reset, but do we know what % of Option-ARM's are in that situation?]]> http://seekingalpha.com/article/163694-cef-weekly-review-death-of-a-friend?source=feed#comment-696970 696970

On Sep 29 03:01 PM rod9301 wrote:

> Is there any way to short a CEF?]]> Wed, 30 Sep 2009 12:24:29 -0400

On Sep 29 03:01 PM rod9301 wrote:

> Is there any way to short a CEF?]]> http://seekingalpha.com/article/161698-ing-delivers-a-big-alt-a-surprise?source=feed#comment-678829 678829
If they leave in droves because their bonuses will be limited to 100% of their salary (which still seems pretty generous), then it just proves that the system needed a major overhaul. Besides, the banks could just up their salaries. Right?]]> Wed, 16 Sep 2009 08:51:37 -0400
If they leave in droves because their bonuses will be limited to 100% of their salary (which still seems pretty generous), then it just proves that the system needed a major overhaul. Besides, the banks could just up their salaries. Right?]]> http://seekingalpha.com/article/160851-pimco-high-income-fund-cannot-support-its-share-price?source=feed#comment-671736 671736
That said, I would not be short a monthly pay CEF, particularly one with PIMCO's name behind it. You're basically waiting for a dividend cut, which could be a long wait in a rising market.]]> Fri, 11 Sep 2009 08:42:03 -0400
That said, I would not be short a monthly pay CEF, particularly one with PIMCO's name behind it. You're basically waiting for a dividend cut, which could be a long wait in a rising market.]]> http://seekingalpha.com/article/160243-cef-weekly-review-municipal-funds-rule?source=feed#comment-665046 665046 Mon, 07 Sep 2009 10:30:05 -0400 http://seekingalpha.com/article/156512-major-market-selloff-coming?source=feed#comment-634549 634549
Several months ago, everyone said you had to have gold (pundits, advertisements, etc.) and I commented that if everyone was saying that...gold ain't going nowhere. Gold has gone nowhere.]]> Tue, 18 Aug 2009 09:12:00 -0400
Several months ago, everyone said you had to have gold (pundits, advertisements, etc.) and I commented that if everyone was saying that...gold ain't going nowhere. Gold has gone nowhere.]]> http://seekingalpha.com/article/155863-has-the-fed-s-exit-strategy-already-begun?source=feed#comment-628594 628594
I suggest all of you become followers too.]]> Thu, 13 Aug 2009 14:28:15 -0400
I suggest all of you become followers too.]]> http://seekingalpha.com/article/155627-phk-in-search-of-the-premium?source=feed#comment-626324 626324
There are some equity CEF's that are at insane premiums too where there is no doubt what the NAV value is. Still, small retail investors looking for yield in this difficult economic environment have pushed pushed many of the buy/write funds and dividend harvest funds to ridiculous premiums. I have a feeling this will not end well.]]> Wed, 12 Aug 2009 08:51:48 -0400
There are some equity CEF's that are at insane premiums too where there is no doubt what the NAV value is. Still, small retail investors looking for yield in this difficult economic environment have pushed pushed many of the buy/write funds and dividend harvest funds to ridiculous premiums. I have a feeling this will not end well.]]> http://seekingalpha.com/article/153919-dow-target-6-617-october-25-2009-here-is-why?source=feed#comment-616012 616012 Wed, 05 Aug 2009 09:17:56 -0400 http://seekingalpha.com/article/153037-recession-is-over-long-live-depression?source=feed#comment-611477 611477
Hilarious! The most radical leftist couldn't come up with better solutions!!


On Aug 02 10:45 AM Glen L. wrote:

> @studiophoto: you need to read some Hazlitt, at the very least.
> The problem with "cash for clunkers", in addition to the ones Peter
> and others here have pointed out, is that the money given to the
> recipients is money stolen from productive Americans, who would otherwise
> save it or use it for business and job creation. Dealers and others
> who see their bottom lines boosted by theft should be ashamed of
> themselves, and look for honest work.
>
> @Chris Cook: you need to read some more Schiff, if you think he
> doesn't have ideas on a sustainable economy. First would be the
> abolition of the Federal Reserve and the breaking up of the banking
> cartel puppet masters that are ruining our nation; followed by a
> free market in money and a true gold standard, which would level
> the playing field and take away the ability of the government to
> wage incessant wars and create trillion dollar boondoggle programs
> that are idiotic in conception and disastrous to freedom.
>
> Let's hear some real solutions other than the same old kindergarten
> class warfare from the Left.]]> Sun, 02 Aug 2009 11:05:26 -0400
Hilarious! The most radical leftist couldn't come up with better solutions!!


On Aug 02 10:45 AM Glen L. wrote:

> @studiophoto: you need to read some Hazlitt, at the very least.
> The problem with "cash for clunkers", in addition to the ones Peter
> and others here have pointed out, is that the money given to the
> recipients is money stolen from productive Americans, who would otherwise
> save it or use it for business and job creation. Dealers and others
> who see their bottom lines boosted by theft should be ashamed of
> themselves, and look for honest work.
>
> @Chris Cook: you need to read some more Schiff, if you think he
> doesn't have ideas on a sustainable economy. First would be the
> abolition of the Federal Reserve and the breaking up of the banking
> cartel puppet masters that are ruining our nation; followed by a
> free market in money and a true gold standard, which would level
> the playing field and take away the ability of the government to
> wage incessant wars and create trillion dollar boondoggle programs
> that are idiotic in conception and disastrous to freedom.
>
> Let's hear some real solutions other than the same old kindergarten
> class warfare from the Left.]]> http://seekingalpha.com/article/152387-the-rich-aren-t-paying-their-fair-share-of-taxes?source=feed#comment-607777 607777 Thu, 30 Jul 2009 09:31:26 -0400 http://seekingalpha.com/article/148355-obama-catastrophic-errors-in-judgement?source=feed#comment-585559 585559
I seriously doubt Obama believes the vast majority of people are stupid. His whole campaign was designed to appeal to the moderate and rational in our Country and indeed, that is where most of his support lies. On the other hand, 'Joe the Plumber'... now there was a campaign designed to reach out to the smart members of our great Nation! Yeah, right!!

The fact of the matter is Obama probably has no more insight as to what he is doing than Bush was in his first term. The big difference in my opinion, besides their policies, is that Obama at least is trying to surround himself with smart people and to take advice from them. I never got that feeling with Bush. In either event, we'll find out in another 12-18 months if he's on the right track.


On Jul 13 08:59 AM Old Trader wrote:

> "He believes the vast majority of people are stupid, and can be helped
> by smart people like him. "
>
> That attitude is the cornerstone of liberal elitism, so it comes
> as no surprise to me. They'll "save" us poor dolts from ourselves.]]> Mon, 13 Jul 2009 09:29:39 -0400
I seriously doubt Obama believes the vast majority of people are stupid. His whole campaign was designed to appeal to the moderate and rational in our Country and indeed, that is where most of his support lies. On the other hand, 'Joe the Plumber'... now there was a campaign designed to reach out to the smart members of our great Nation! Yeah, right!!

The fact of the matter is Obama probably has no more insight as to what he is doing than Bush was in his first term. The big difference in my opinion, besides their policies, is that Obama at least is trying to surround himself with smart people and to take advice from them. I never got that feeling with Bush. In either event, we'll find out in another 12-18 months if he's on the right track.


On Jul 13 08:59 AM Old Trader wrote:

> "He believes the vast majority of people are stupid, and can be helped
> by smart people like him. "
>
> That attitude is the cornerstone of liberal elitism, so it comes
> as no surprise to me. They'll "save" us poor dolts from ourselves.]]> http://seekingalpha.com/article/145568-cef-volume-trends-may-portend-their-appreciation?source=feed#comment-564990 564990

On Jun 27 01:26 PM esanto2 wrote:

> As baby boomers retire the demographics favor CEF's. The NAV's are
> generally still at hefty discounts to their share prices and as more
> investors seek income and underlying asset values continue to increase
> as the market recovers, CEF's will trade at premiums....Not discounts.]]> Sat, 27 Jun 2009 13:58:20 -0400

On Jun 27 01:26 PM esanto2 wrote:

> As baby boomers retire the demographics favor CEF's. The NAV's are
> generally still at hefty discounts to their share prices and as more
> investors seek income and underlying asset values continue to increase
> as the market recovers, CEF's will trade at premiums....Not discounts.]]> http://seekingalpha.com/article/145568-cef-volume-trends-may-portend-their-appreciation?source=feed#comment-564802 564802 Sat, 27 Jun 2009 10:49:51 -0400 http://seekingalpha.com/article/140363-spx-vix-and-late-day-rallies?source=feed#comment-524172 524172
I follow alot of closed-end funds (CEF's), particularly the covered call CEF's. I have never seen so many funds at premiums to their NAV's as I am seeing now. Most typically trade at discounts, sometimes heavy discounts in the 15-25% range during difficult market periods. Rarely do you see them go to premiums but they sure are now. I would say 3/4 of the funds I follow are either close to par or at a premium. Some are even at 10%-25% premiums, unheard of even during bull market periods. I don't know what it means other than alot of small investors are willing to chase yield while completely ignoring the premiums to the NAV they are paying. Another complacency indicator that may mean we're close to an interim top.]]> Sat, 30 May 2009 12:21:28 -0400
I follow alot of closed-end funds (CEF's), particularly the covered call CEF's. I have never seen so many funds at premiums to their NAV's as I am seeing now. Most typically trade at discounts, sometimes heavy discounts in the 15-25% range during difficult market periods. Rarely do you see them go to premiums but they sure are now. I would say 3/4 of the funds I follow are either close to par or at a premium. Some are even at 10%-25% premiums, unheard of even during bull market periods. I don't know what it means other than alot of small investors are willing to chase yield while completely ignoring the premiums to the NAV they are paying. Another complacency indicator that may mean we're close to an interim top.]]> http://seekingalpha.com/article/139337-weekly-cef-review-highs-and-lows?source=feed#comment-516083 516083 Sun, 24 May 2009 11:19:11 -0400 http://seekingalpha.com/article/134816-cef-april-monthly-review-real-estate-funds-rock?source=feed#comment-487493 487493 Sun, 03 May 2009 12:05:56 -0400 http://seekingalpha.com/article/133711-case-shiller-housing-numbers-the-rate-of-decline-is-decreasing?source=feed#comment-482388 482388

On Apr 28 07:16 PM D. McHattie wrote:

> Do people understand what a bubble is?
>
> When a bubble bursts, it does not immediately reflate. You can't
> pump air into a burst balloon.
>
> There are still billions of dollars worth of 'liars loan' alt-a mortgages
> that have yet to reset and will perform even worse than subprime.
> You cannot even begin to think of a bottom when we have yet to pass
> the bulk of these alt-a resets.
>
> Not to mention the hundreds of thousands of units of shadow inventory
> owned by banks but yet to be put up for sale.
>
> Not to mention declining incomes and employment levels.
>
> Anyone who points to the latest Case-Shiller data as an indication
> of a housing turnaround is really grasping at straws.]]> Wed, 29 Apr 2009 09:21:41 -0400

On Apr 28 07:16 PM D. McHattie wrote:

> Do people understand what a bubble is?
>
> When a bubble bursts, it does not immediately reflate. You can't
> pump air into a burst balloon.
>
> There are still billions of dollars worth of 'liars loan' alt-a mortgages
> that have yet to reset and will perform even worse than subprime.
> You cannot even begin to think of a bottom when we have yet to pass
> the bulk of these alt-a resets.
>
> Not to mention the hundreds of thousands of units of shadow inventory
> owned by banks but yet to be put up for sale.
>
> Not to mention declining incomes and employment levels.
>
> Anyone who points to the latest Case-Shiller data as an indication
> of a housing turnaround is really grasping at straws.]]> http://seekingalpha.com/article/132877-interview-with-peter-schiff-reflating-the-bubble?source=feed#comment-476003 476003
Gee, thanks Peter...I thought stocks were going to fall off a cliff! What happened to that theory? Frankly, I put alot more faith in Bill Gross over at PIMCO. He said...and I think he's exactly right...as long as the Govt. doesn't pump in more capital than was lost by the private sector...inflation will not be a problem. Makes sense that the Govt. is just trying to fill in what was lost...and hopefully at a profit since they are now one of the largest holders of financial securities.

Peter Schiff will end up being wrong.
]]> Fri, 24 Apr 2009 12:55:57 -0400
Gee, thanks Peter...I thought stocks were going to fall off a cliff! What happened to that theory? Frankly, I put alot more faith in Bill Gross over at PIMCO. He said...and I think he's exactly right...as long as the Govt. doesn't pump in more capital than was lost by the private sector...inflation will not be a problem. Makes sense that the Govt. is just trying to fill in what was lost...and hopefully at a profit since they are now one of the largest holders of financial securities.

Peter Schiff will end up being wrong.
]]>