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Rickthegeek

Rickthegeek
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  • Time Fading For A Christmas Rally [View article]
    Also, the reason Gold is pulling back is because the Europe countries need liquidity now. They are so far in over their heads financially, that the massive shares of GLD and gold stocks they bought are now being sold any time GLD or gold stocks rally. This will go on well into next year until Europe can get their fiscal houses in order. This will take some time, it could be another 2 years.

    Even one of the talking heads on CNBC talking with Rick Santelli this morning confirmed that Gold is heading lower. His reason was a technical patterned graph which showed that there has been no true fair price established for Gold this year (2011). There has been 3 spikes of heavy volume this year, with a pullback. He said Gold may be headed to 1300. He also said that what he is seeing now is the same scenario setup that was seen in late 2008 when the market crashed.

    I think there will be a pullback, but not sure how severe. America seems to be in better shape than the European countries. The problem is we are in this together. This is a world issue, not an American one and no one really has a firm grasp on how to solve it.
    Dec 19 03:29 PM | Likes Like |Link to Comment
  • On the hour: Dow +2.78%. 10-yr -0.38%. Euro +0.73% vs. dollar. Crude +1.68% to $98.39. Gold +1.77% to $1718.35.  [View news story]
    Can you say DEAD CAT BOUNCE?
    Nov 28 12:03 PM | Likes Like |Link to Comment
  • Pimco's El-Erian finds it "terrifying" there is a discussion about recession with unemployment already high, 25% of homeowners underwater, government deficits of 9% of GDP, and interest rates at zero. "The big concern is ... being tipped over by Europe ... things are getting worse, not better."  [View news story]
    Fear of recession? I think in 10 years when we look back, we are already in one now. And, next year, we are heading for a depression. Europe is already in a recession and their depression is right around the corner, now.

    Depressions are marked by things like civil unrest, protests, unemployment (there is nothing worse than a person wanting to work, yet can't find anything). Currency devaluation and a broke Government. The next thing to hit is riots (we have seen that in Europe already), martial law and crime sprees of the likes we have never seen.

    In case you missed it, these things are happening right here in America. It is happening in towns, cities all across America, right now. Don't dismiss it, like it is not happening, it is.

    The real change that is going to take place is when we realize our government can not possibly pay and take care of its own citizens. Why? Because our government is Bankrupt!

    The next step will be to throw the bums out! Example: We are finding out our leaders, yes the ones we have elected to office with our vote have participated in insider trading. They were shorting stocks well before the public knew the information. Let's think about this, this is illegal. The people involved in this (Ben Bernake) for one, should be immediately terminated. There absolutely must be an investigation on this and a hearing. He is guilty as sin.

    If this is what our leaders are up to, how can they be trusted to make the right decisions for Americans? They can't. Therefore, they must be thrown out.
    Nov 22 03:26 PM | Likes Like |Link to Comment
  • 4 Stocks That Buffett Could Buy Now [View article]
    Cash out now. The market is getting ready to crash.
    Feb 9 12:30 PM | Likes Like |Link to Comment
  • What Should Youku Really Be Worth? [View article]
    Blame Bob Pizanni and CNBC. They like to over hype stocks and not tell you the true story. This is how people lose money. Just turn off the TV and do your own research. Pizanni paints a nice picture, but he is guilty of like most of the reporters on CNBC of not reporting the facts. He is big on over hyping stocks. I watched the IPO developing and Pizanni was orchestrating the hype. His words were, "This company is like the YOUTUBE of America." What American can't relate to YOUTUBE and this new IPO, YOKU. It is like you would be missing out if you didn't get in. The fact is also true that people bought stock with no knowledge of their filings. It was a classic day trading rampage for sure. It was amazing to watch the stampede and the herd being led to slaughter. This stock will fall as you say, once people figure out the true picture. Of course if the stupid retail investor (who only gets their news from CNBC), does not hear anything negative from CNBC and the truth, they (the poor souls) will continue to pile into this over frenzied stock. So, hopefully the truth will come out. Once it does as you say, there will be a major correction in YOKU.
    Dec 11 06:34 PM | Likes Like |Link to Comment
  • The number and growth rate of U.S. households receiving food stamps has increased dramatically in the past year: 19.4M families, up 19.5% Y/Y. Some big states have suffered huge increases: Florida +31%, Texas +25%, California +21%.  [View news story]
    This is because these are the 3 states with the most illegal aliens in this country and they are using the system to get food stamps. The mother comes to America illegally and has a child and just because that child was born in America, she gets to have food stamps. Not only food stamps, but a quality education and all the health care they want. The 3 states illegals migrate to are California, Texas and Florida because of their easy hand outs. Who pays? We all do. Anyone living in the United States pays. And, they want to raise taxes to cover these costs which adds and adds to our deficit. These problems are not going away and they won't go away for decades. Now that I am on a rant, is anyone tired of news programs like CNBC manipulating the market? Everything is so bad this summer and then all of a sudden September comes and wow!! Everything is great! The truth is money managers are so far behind this year, that they have to try to get some returns on their funds. And don't ever listen to Cramer on CNBC. Do your own research. He was a former money manager, so he knows the tricks of the trade and he is one of the biggest market manipulators of all. Things to consider with stocks, are they over valued? What are their P/E ratios? Cramers saying, "there's always a bull market somewhere" should scare the bejeezes out of you. He will never tell you to get out of the market, even when he knows you should.
    Oct 7 07:03 PM | Likes Like |Link to Comment
  • Investor's Business Daily-100 China Edition? [View article]
    Dow 15,000 by March 2011
    Oct 2 09:31 PM | Likes Like |Link to Comment
  • Investors bullish on Ford (F) have a strong case to make, writes Barron's Jay Palmer, as the company has "become an earnings powerhouse, and any uptick in auto sales will only reinforce its gains." The stock, which closed at $12.77 on Friday, could hit $20 in the next twelve months.  [View news story]
    Ford is overdone as well as Apple. The problem is you have television personalities like Jim Cramer on Mad Money, almost on a daily basis promoting these two companies. Kind of makes you wonder what they are paying him to continually promote them. Both F and AAPL are overbought.
    Aug 1 07:26 PM | Likes Like |Link to Comment
  • The domino effect begins: Saudi Arabia indicates it will follow the United Arab Emirates in blocking key BlackBerry (RIMM) services. (previously)  [View news story]
    Look out below for RIMM.
    Aug 1 07:19 PM | Likes Like |Link to Comment
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