Obama's Public Spending Program: A Very Expensive Farce [View article]
Is Obama mentally-challenged or just cynical? Magical thinking does not make for a strong economy.
Who does he think will be the source of this "free money" that will be handed out to those that pay no taxes, and to Chicago-style "pay to play" contractors? Which is more productive, people spending their own money, or the government?
Obama's plan takes money from the most productive members of society, and gives it to the least productive element--government. Individual initiative, property rights, and freedom take it in the neck!
Is Obama mentally challenged, or just cynical? What about the people that voted for him? What about the media?
So after the market goes up, the author will be bullish? But if it goes down further, he will be bearish? Wow! We should re-name this blog "Seeking Lemmings"!
Interesting, but these kind of black box decision rules rarely have any relevancy to what actually happens. Either past patterns repeat, or this time is different. The key is to figure out which, and act accordingly.
The Last Days of the Long Investor? [View article]
If you can lose 30% of your capital in 5 trading days, you are a speculator, not an investor.
Maybe you should take less concentrated positions or not use leverage.
For an investor, who sizes positions properly, the short term volatility provides opportunity to make money. When a well-thought-out position goes against you, you are not wiped out, you just put more money in. Eventually, when the position rebounds, you are handsomely rewarded.
Market Analysis: Merrill Lynch and the Economy In Focus [View article]
Thain argues that everything he previously said was true "at the time." So...if you do in fact need capital a few days or weeks later, it was not a falsehood?
Thain is either not truthful or not competent. His defense shows that he prefers to be viewed as incompetent rather than dishonest. (Actually, he appears to be both!)
Are Subsistence Wages Killing the US? [View article]
Why must we have higher taxes to fund the war? Can't we just keep taxes the same or cut them, and then spend less in other areas? Surely you don't think that the war on terror is the MOST wasteful spending that goes on in our government?
Mish, How about this? The Fed is creating (money-based) inflation. Meanwhile,too much consumer debt, plus the inability or unwillingness of banks to lend is creating (lack of credit-induced) economic contraction. Both commodity inflation and the credit crunch inhibit the ability of consumers to spend on discretionary items. Stagflation.
Obama's Public Spending Program: A Very Expensive Farce [View article]
Obama--cynical.
Voters--mentally challenged.
Media--mentally challenged AND cynical!
Obama's Public Spending Program: A Very Expensive Farce [View article]
Who does he think will be the source of this "free money" that will be handed out to those that pay no taxes, and to Chicago-style "pay to play" contractors? Which is more productive, people spending their own money, or the government?
Obama's plan takes money from the most productive members of society, and gives it to the least productive element--government. Individual initiative, property rights, and freedom take it in the neck!
Is Obama mentally challenged, or just cynical? What about the people that voted for him? What about the media?
3 Reasons This Rally Has No Legs [View article]
Investing in Stocks: Emotional vs. Financial Costs [View article]
Why Buyers Might Take October Off [View article]
The Last Days of the Long Investor? [View article]
Maybe you should take less concentrated positions or not use leverage.
For an investor, who sizes positions properly, the short term volatility provides opportunity to make money. When a well-thought-out position goes against you, you are not wiped out, you just put more money in. Eventually, when the position rebounds, you are handsomely rewarded.
Market Analysis: Merrill Lynch and the Economy In Focus [View article]
Thain is either not truthful or not competent. His defense shows that he prefers to be viewed as incompetent rather than dishonest. (Actually, he appears to be both!)
Are Subsistence Wages Killing the US? [View article]
Barry Ritholtz Sees More Upside in Commodities [View article]
Unstoppable Credit Contraction [View article]