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billknowsall

billknowsall
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  • America's Median Wealth Is Surprisingly Low [View article]
    David- You nailed it. Very well said. I wish the average Joe would realize this, but, the average Joe does not even know that this site exists- much less reads it.
    Jul 8 11:35 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    So now it is wrong to enjoy boating? Please... I think that YOU should turn off your computer and save energy as it takes energy to run the net and this surfing is CLEARLY recreational. Priorities?
    Meanwhile, I'll enjoy my boat even at $5.
    Jun 6 09:30 AM | 7 Likes Like |Link to Comment
  • Alan Abelson Died: Lives On Through A Generation He Defined [View article]
    Alan Abelson was a class act all the way- a true gentleman in his words and I'm sure in his daily life. I had missed him these last few months and was afraid this was coming. God have mercy on his soul and give his family peace. One by one lately, we are losing the great ones of the roundtable.
    May 13 03:51 PM | 4 Likes Like |Link to Comment
  • Solid News From Arch Coal [View article]
    Anecdotally, having just traveled 100+ miles across the marcellus region of West Virginia and eastern Ohio, I am more convinced that it is a matter of time for a coal turnaround. I only saw one operating drill rig (west of Clarksburg, WVA). I did see a fair amount of wells and transmission/storage equipment as well as lots of services trucks/equipment and fairly new looking gravel roads leading into the woods, but only 1 drill rig. These things are tall enough that I should have been able to see many more if they were in use within miles. From what I've read lately, explorers are less enamored with the prospects here as far as oil and gas go. I saw lots of new, non-moving oil wells. Granted that gas wells don't function the same, but it makes me wonder... It is said that new wells tail off quickly in production, so, why did I not see more active drilling rigs? This part of the world has had a mini boom as seen in new homes and vehicles, but it may be starting to fade. Interestingly, I did see multiple anti-Obama billboards in various counties.
    Apr 24 05:34 PM | 2 Likes Like |Link to Comment
  • These 4 Cheap Commodity Stocks Could Be Poised For A Strong Rebound [View article]
    Regarding MEA, I read S&P est book value of aprox $1.78 vs your stated BV of $3.79. Where do your figures come from? I do agree with you re: CLF and probably AA.
    Apr 11 11:04 PM | Likes Like |Link to Comment
  • An Uncomfortable Bull [View article]
    Scooter, I am seeing the same at my institution. Not being in a border state, our illegals numbers are less, but they still hurt. Also, the .gov now is trying to scam out of paying by pushing unrealistic goals that most providers cannot meet. If they do not hit the target, they do not get paid. This will lead to eventual rationing one way or the other.
    Mar 25 08:22 PM | 2 Likes Like |Link to Comment
  • Monday: Cyprus 'Fixed' By Confiscating 40% Of The Wealth - Markets Celebrate [View article]
    Dennis- I am not a socialist or communist either, and I think we should take 20% of YOUR WEALTH also to pay off the debt. You wouldn't miss it and it would be good for the rest of us, so THANKS in advance!
    Mar 25 08:03 PM | 4 Likes Like |Link to Comment
  • Monday: Cyprus 'Fixed' By Confiscating 40% Of The Wealth - Markets Celebrate [View article]
    Do YOU provide insurance to your employees? Did you reduce headcount or hours to avoid obamacare mandates? Do you realize that much of the excessive cost is driven by .gov mandates and policies? That healthcare providers have to do a lot of these stupid things because private insurers adopt the .gov standards? That the current .gov mandate of EMRs is a huge waste of money? That providers had a sh*tload of money thrown at them that they had to spend on crappy, bugfilled software in a short time period before the software could at least be made more useful and less of a pain in the *ss? That this counts as dollars spent even though it added NOTHING to patient care outcomes?
    This $$$$$ was funneled through hospitals to vendors (lobbyist funders/campaign contributors) to waste on headquarters with lavish theme filled specially done rooms and even elevators decked out as "Star Wars? One software package that I have experience with is named "EPIC", I have another name for it...
    How much dinero bounced back from vendors to the politicos who pushed for this stuff in the form of campaign cash? As Phil likes to say, "and that's how the game is played". Hard to blame Bush for this one, it happened under the current occupant. I agree with you about the private insurers re; everything falls in their favor and the little guy gets screwed. But, both sides are guilty.
    Also, much $$$$ is spent on medical research that we pay for and the rest of the world benefits from. Look into how many new drugs/procedures are developed outside of our borders. Most of the socialist systems set payments for drugs/supplies at what they choose to pay and our country foots the bill for the research. Just look to our neighbors to the north or east. It is also clear that we provide a huge amount of uncompensated care to natives of our southern neighbor. Guess who picks up the tab for that? This all distorts your "4x the oecd" figure.
    The "20% of GDP" figure is a red herring. If you cut that 20%, you also cut a lot of jobs. Not everybody can work in a machine shop. It is all in priorities. What % of GDP does the education system represent? What is the result? Is it worth the money spent? How about consumer electronics? Who should decide where our resources go? Some central planners or us as individuals? I vote for the individual and personal responsibility.
    Mar 25 07:58 PM | 4 Likes Like |Link to Comment
  • Fannie Mae And Freddie Mac, Short-Term Trade Or Deep Value Investment? [View article]
    Good comment, but remember what happened to bondholders with the auto bailouts...transfer of private property from them to the .gov and union buddies. We are in interesting times.
    Mar 25 12:11 PM | Likes Like |Link to Comment
  • Thursday Thoughts For Falling Markets [View article]
    VP98 provides a perfect example of why it is important to take SA comments with a grain of salt. I have noticed a general decline in the quality of comments here and VD98 is a perfect example of the slide from investment grade to junk status. I wish that the huffpo crowd would just stay over there and not waste our time here. As for Phil's usual rants, they are kind of like the price of admission to his investment insights...
    Mar 21 10:11 PM | 3 Likes Like |Link to Comment
  • Testy Tuesday: You Call This A Pullback? [View article]
    I notice that lefties ALWAYS argue by name calling even as they pop off about "facts". Oh, by the way, "the fauxnews" thing is pretty old. Think of a new little ditty.
    Mar 21 09:43 PM | Likes Like |Link to Comment
  • Timing The Next Move In Coal [View article]
    I agree with you. I've been buying ACI on dips as well as poking at CLF which is also currently unloved. I do think both will be cheaper in the next few weeks due to China, Europe, Obama's hot air re: EPA threats, etc. But, for the long term, may as well get in cheap.
    Mar 21 02:44 PM | Likes Like |Link to Comment
  • Thrilling Thursday: Tweeting Our Way To Oil Profits [View article]
    @seeking- elizabeth warren WON"T do it- fixed that for you. Look at eric holders (non)justice dep't record of not going after anyone. Now, tom harkin wants to have obammy develop a national industrial plan???? Good Lord, obama never had a real job prior to the current one that he was placed in by soros etal... And you expect real justice by this bunch that now wants to pry into YOUR finances???
    Mar 14 11:40 PM | 1 Like Like |Link to Comment
  • Wednesday Ramblings: Things That Make You Go Hmm [View article]
    Nice update Phil. Oil could really go either way as retail sales weren't near as good as the propaganda numbers (ie-oil to 70's). Or, ME tensions could bubble up so that Iran and the Saudis can stay in the bubbly. Funny how the ME boils up every time CL/ drops into the 80's or less...
    Mar 13 11:11 AM | 1 Like Like |Link to Comment
  • Which Way Wednesday: Topping Or Popping? [View article]
    For the first time in 100 years the US debt rating can be upgraded- HUH?? Don't you think it would be better if it hadn't been DOWNGRADED? For the first time in 100 years it's in danger of being further DOWNGRADED. Not a minor danger considering the size of our debt/gdp...
    Also, as stated above, why is it not a bad thing that our standard of living is sliding? And those 20 million added to foodstamps is a good thing? Is that you Alice (in wonderland)?
    Mar 6 06:29 PM | 1 Like Like |Link to Comment
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