Ulysses Benjamin Dover's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/70107/comments http://seekingalpha.com/article/171477-buffett-s-bni-purchase-bearish-bet-on-the-economy?source=feed#comment-746744 746744
As for permabears, they've been right for a decade, it's unlikely they will not be right awhile longer despite bear market rallies. JMHO.

Ben Dover
RealWisconsinNews.com]]> Thu, 05 Nov 2009 14:48:53 -0500
As for permabears, they've been right for a decade, it's unlikely they will not be right awhile longer despite bear market rallies. JMHO.

Ben Dover
RealWisconsinNews.com]]> http://seekingalpha.com/instablog/183929-sober-realist/21385-the-great-depression-ii?source=feed#comment-645172 645172 Tue, 25 Aug 2009 10:28:54 -0400 http://seekingalpha.com/article/33963-4-dairy-stocks-to-watch?source=feed#comment-604972 604972 Tue, 28 Jul 2009 10:53:26 -0400 http://seekingalpha.com/article/147442-bankslaughter?source=feed#comment-581311 581311

On Jul 09 05:21 PM klarsolo wrote:

> I know all you guys want somebody to hang for what happened. However,
> a nationwide house price decline of such epic proportions in such
> a short time period was unprecedented. Many of these toxic products
> were build on a data history of several decades. Had the history
> been reasonably stable going forward, we wouldn't have had any of
> these issues. So does this make every banker criminally liable just
> because he dared to rely on a 50 year return statistic?
>
> No, I'm not saying all bankers are off the hook. Some were criminals
> and they should be punished accordingly. But would you also want
> the death penalty for doctors who prescribe you medicine that worked
> reasonably well for the last 50 years, but then all of a sudden started
> killing people off left and right?]]> Thu, 09 Jul 2009 17:48:37 -0400

On Jul 09 05:21 PM klarsolo wrote:

> I know all you guys want somebody to hang for what happened. However,
> a nationwide house price decline of such epic proportions in such
> a short time period was unprecedented. Many of these toxic products
> were build on a data history of several decades. Had the history
> been reasonably stable going forward, we wouldn't have had any of
> these issues. So does this make every banker criminally liable just
> because he dared to rely on a 50 year return statistic?
>
> No, I'm not saying all bankers are off the hook. Some were criminals
> and they should be punished accordingly. But would you also want
> the death penalty for doctors who prescribe you medicine that worked
> reasonably well for the last 50 years, but then all of a sudden started
> killing people off left and right?]]> http://seekingalpha.com/article/147442-bankslaughter?source=feed#comment-581304 581304

On Jul 07 02:19 PM Poor Texan wrote:

> Just what we need. More opportunities for lawyers to shake down companies.]]> Thu, 09 Jul 2009 17:44:27 -0400

On Jul 07 02:19 PM Poor Texan wrote:

> Just what we need. More opportunities for lawyers to shake down companies.]]> http://seekingalpha.com/article/147442-bankslaughter?source=feed#comment-581301 581301

On Jul 09 03:33 PM Jason Rines (iThinkBig) wrote:

> How about this:
>
> 1) Return to Glass-Steagall (separation of commercial from investment
> banks)
> 2) Constitutional Amendment on a balanced budget (can't spend what
> the US government doesn't have)
> 3) End Central Banking model (yank political cover to spend money
> we don't have)
> 4) No investing in stock market while running for office, while in
> office and four years afterward including family members (ends legislating
> into thy own pocket)
> 5) No lobbying of any kind (do I need to explain?)
> 6) Two term limits for House of Reps (this worked for the Roman Empire
> when they became totally corrupted, besides Founders lived at a time
> when people lived to 60 on average, not 85 like today).
> 7) Issue greenbacks that are anchored to silver, nickel, steel or
> whatever metal is in abundance and is traded globally as a commodity.
>
> 8) Private citizens watchdog groups to review financial innovation
> and the power to warn the public, the watchdogs are nominated by
> the people by State.
> 9) General elections and max donations to politicians by company
> or individual $100 and only if US citizen (fixes broken electoral
> process and pay to play system)
> 10) No executive exemptions from the law for politicians, no exceptions.
>
>
> There is ample evidence of direct fraud by politicians and banksters.
> These should be prosecuted. New regulation not required outside of
> the above 1-10 list. The list seems like 'wish' list but I will say
> that the US will do such when we are 5 feet from the bottom of the
> cliff (we have fallen 10 feet and the bottom is still 40 more feet
> down).]]> Thu, 09 Jul 2009 17:42:33 -0400

On Jul 09 03:33 PM Jason Rines (iThinkBig) wrote:

> How about this:
>
> 1) Return to Glass-Steagall (separation of commercial from investment
> banks)
> 2) Constitutional Amendment on a balanced budget (can't spend what
> the US government doesn't have)
> 3) End Central Banking model (yank political cover to spend money
> we don't have)
> 4) No investing in stock market while running for office, while in
> office and four years afterward including family members (ends legislating
> into thy own pocket)
> 5) No lobbying of any kind (do I need to explain?)
> 6) Two term limits for House of Reps (this worked for the Roman Empire
> when they became totally corrupted, besides Founders lived at a time
> when people lived to 60 on average, not 85 like today).
> 7) Issue greenbacks that are anchored to silver, nickel, steel or
> whatever metal is in abundance and is traded globally as a commodity.
>
> 8) Private citizens watchdog groups to review financial innovation
> and the power to warn the public, the watchdogs are nominated by
> the people by State.
> 9) General elections and max donations to politicians by company
> or individual $100 and only if US citizen (fixes broken electoral
> process and pay to play system)
> 10) No executive exemptions from the law for politicians, no exceptions.
>
>
> There is ample evidence of direct fraud by politicians and banksters.
> These should be prosecuted. New regulation not required outside of
> the above 1-10 list. The list seems like 'wish' list but I will say
> that the US will do such when we are 5 feet from the bottom of the
> cliff (we have fallen 10 feet and the bottom is still 40 more feet
> down).]]> http://seekingalpha.com/article/147852-natural-gas-etf-nowhere-to-go-but-up-yet-it-keeps-going-down?source=feed#comment-581289 581289

On Jul 09 04:51 PM pintelho wrote:

> Elephant in the room here.
>
> So...forget the fundies of nat gas....isn't it crazy that someone
> can keep printing futures contracts for an entity to buy that has
> an open intention NOT to take delivery of those contracts?
>
> Isn't this bad? Kind of like sub-prime bad?
>
> It's exactly the same thing. Securitization of commodities, then
> selling those securities to an insatiable entity that is open about
> it NOT TAKING DELIVERY...
>
> This is dilutive to both the futures contracts themselves...and of
> course if you are holding UNG shares...and they have to keep making
> more shares...your shares are being diluted too.
>
> Isn't this illegal? If not why not?
>
> UNG holders are nothing but rubes...you aren't holding an asset that
> will appreciate any time soon even if fundies improve.]]> Thu, 09 Jul 2009 17:37:43 -0400

On Jul 09 04:51 PM pintelho wrote:

> Elephant in the room here.
>
> So...forget the fundies of nat gas....isn't it crazy that someone
> can keep printing futures contracts for an entity to buy that has
> an open intention NOT to take delivery of those contracts?
>
> Isn't this bad? Kind of like sub-prime bad?
>
> It's exactly the same thing. Securitization of commodities, then
> selling those securities to an insatiable entity that is open about
> it NOT TAKING DELIVERY...
>
> This is dilutive to both the futures contracts themselves...and of
> course if you are holding UNG shares...and they have to keep making
> more shares...your shares are being diluted too.
>
> Isn't this illegal? If not why not?
>
> UNG holders are nothing but rubes...you aren't holding an asset that
> will appreciate any time soon even if fundies improve.]]> http://seekingalpha.com/article/130117-prometheus-institute-renewables-likely-to-represent-90-of-new-capacity-by-2012?source=feed#comment-457614 457614 Thu, 09 Apr 2009 12:07:06 -0400 http://seekingalpha.com/article/114755-exact-sciences-plays-hard-to-get-with-sequenom?source=feed#comment-358504 358504
Lazard Small-Mid -34%
Oppenheimer wow, a lot of funds that got crushed, down 30-40%.

Hmmm, to listen to mutual fund analysts or not. That's not really a tough one is it?

Havrilla seems to sort of have it here imo.

One other thing to consider is that SQNM is very heavily shorted. There might just be a good reason. ]]> Sat, 17 Jan 2009 12:59:20 -0500
Lazard Small-Mid -34%
Oppenheimer wow, a lot of funds that got crushed, down 30-40%.

Hmmm, to listen to mutual fund analysts or not. That's not really a tough one is it?

Havrilla seems to sort of have it here imo.

One other thing to consider is that SQNM is very heavily shorted. There might just be a good reason. ]]> http://seekingalpha.com/article/112399-updated-fda-decision-calendar-five-decisions-before-year-end?source=feed#comment-346385 346385
The important data is NOT a direct comparison of how Polyheme compares to blood as a substitute for blood, but how close to being like blood for when there is a need for blood but no blood is available. In the prior study it was found that people who were going to die from bleeding out, had about a 70% survival rate with minimal adverse events v. getting saline. It really is simple deductive reasoning that if I am going to die from bleeding out because we can't get me a transfusion in short order and am offered a 70% chance at survival using Polyheme, I'm using the Polyheme.

This product will receive a limited approval, the stock will rise and the company will be bought by a large well funded company that can develop and market the product further. Of course, part of that deal will be Dr. Gould to get a great paying job, but that's fine, we'll see a price north of $6 (extrapolate near term profit potential just on U.S. remote location trauma usage) in 2009.]]> Mon, 05 Jan 2009 11:14:12 -0500
The important data is NOT a direct comparison of how Polyheme compares to blood as a substitute for blood, but how close to being like blood for when there is a need for blood but no blood is available. In the prior study it was found that people who were going to die from bleeding out, had about a 70% survival rate with minimal adverse events v. getting saline. It really is simple deductive reasoning that if I am going to die from bleeding out because we can't get me a transfusion in short order and am offered a 70% chance at survival using Polyheme, I'm using the Polyheme.

This product will receive a limited approval, the stock will rise and the company will be bought by a large well funded company that can develop and market the product further. Of course, part of that deal will be Dr. Gould to get a great paying job, but that's fine, we'll see a price north of $6 (extrapolate near term profit potential just on U.S. remote location trauma usage) in 2009.]]> http://seekingalpha.com/article/87634-shopping-for-profits-try-the-retail-aisle?source=feed#comment-303139 303139 Tue, 11 Nov 2008 13:16:03 -0500 http://seekingalpha.com/article/105385-obama-s-green-obsession-more-harm-than-good?source=feed#comment-303133 303133 Tue, 11 Nov 2008 13:08:34 -0500 http://seekingalpha.com/article/31671-american-equity-investment-sound-financial-standing-tremendous-growth?source=feed#comment-203944 203944 AEL 7-13-08: $7.90

Great pick!!!]]> Sat, 12 Jul 2008 20:30:54 -0400 AEL 7-13-08: $7.90

Great pick!!!]]> http://seekingalpha.com/article/71873-the-euro-under-attack?source=feed#comment-148344 148344 Thu, 10 Apr 2008 12:33:31 -0400 http://seekingalpha.com/article/31671-american-equity-investment-sound-financial-standing-tremendous-growth?source=feed#comment-99276 99276
Backlash Hits
Annuities Tied
To Stock Market
Wave of Lawsuits Take Aim
At Sales Practices, Suitability
Of Equity-Indexed Products
By KELLY GREENE
August 8, 2007; Page D1

Equity-indexed annuities are among the hottest products sold through seminars, infomercials and free-dinner events that target older adults with investment pitches. Now, insurers that sell them are facing growing legal claims from investors and state regulators who allege that the companies or their agents are using deceptive marketing or targeting consumers who are too old to benefit from the products.

FAIR WARNING
Equity-indexed annuities can be complex. Here's what to consider:
• Make sure you understand how gains will be calculated.
• Check for hidden penalties for early withdrawals.
• These annuities may not be suitable for older adults because funds may be locked up for several years.In the biggest such case, the Eighth U.S. Circuit Court of Appeals in St. Louis last month upheld the class-action status of a lawsuit that covers more than 400,000 investors who bought equity-indexed annuities from Allianz Life Insurance Co. of North America, a unit of Munich-based Allianz SE and the top seller of this type of annuity in the U.S. More than a dozen federal lawsuits against a number of insurers also are seeking class-action status in courts across the country. Meanwhile, attorneys general and regulators in Illinois, Minnesota and California are pursuing claims against insurers selling the products.

"Equity-indexed annuities have emerged as the vehicle of choice for unscrupulous insurance agents," says Roxanne Rehm, assistant general counsel for the Florida Department of Financial Services. Older investors, she contends, "don't realize they're long-term investments, and once they realize they can't access the funds, it's usually too late."

For more go to WSJ...

Also, see here in Seattle:
seattletimes.nwsource....

Also, a little history re AEL:

www.consumeraffairs.co...

www.sbd-law.com/CM/Pub...

clearly there's a lot more for anybody who knows how to use Google searches well. Mr. Corn, please do your research next time.

U. Ben Dover]]> Sun, 21 Oct 2007 10:55:40 -0400
Backlash Hits
Annuities Tied
To Stock Market
Wave of Lawsuits Take Aim
At Sales Practices, Suitability
Of Equity-Indexed Products
By KELLY GREENE
August 8, 2007; Page D1

Equity-indexed annuities are among the hottest products sold through seminars, infomercials and free-dinner events that target older adults with investment pitches. Now, insurers that sell them are facing growing legal claims from investors and state regulators who allege that the companies or their agents are using deceptive marketing or targeting consumers who are too old to benefit from the products.

FAIR WARNING
Equity-indexed annuities can be complex. Here's what to consider:
• Make sure you understand how gains will be calculated.
• Check for hidden penalties for early withdrawals.
• These annuities may not be suitable for older adults because funds may be locked up for several years.In the biggest such case, the Eighth U.S. Circuit Court of Appeals in St. Louis last month upheld the class-action status of a lawsuit that covers more than 400,000 investors who bought equity-indexed annuities from Allianz Life Insurance Co. of North America, a unit of Munich-based Allianz SE and the top seller of this type of annuity in the U.S. More than a dozen federal lawsuits against a number of insurers also are seeking class-action status in courts across the country. Meanwhile, attorneys general and regulators in Illinois, Minnesota and California are pursuing claims against insurers selling the products.

"Equity-indexed annuities have emerged as the vehicle of choice for unscrupulous insurance agents," says Roxanne Rehm, assistant general counsel for the Florida Department of Financial Services. Older investors, she contends, "don't realize they're long-term investments, and once they realize they can't access the funds, it's usually too late."

For more go to WSJ...

Also, see here in Seattle:
seattletimes.nwsource....

Also, a little history re AEL:

www.consumeraffairs.co...

www.sbd-law.com/CM/Pub...

clearly there's a lot more for anybody who knows how to use Google searches well. Mr. Corn, please do your research next time.

U. Ben Dover]]> http://seekingalpha.com/article/45334-there-s-just-no-need-for-a-fed-cut?source=feed#comment-94339 94339
Sorry my deleted responses weren't kept. Satire is often misunderstood and unappreciated.

Beav

RealWisconsinNews.com]]> Wed, 22 Aug 2007 15:46:52 -0400
Sorry my deleted responses weren't kept. Satire is often misunderstood and unappreciated.

Beav

RealWisconsinNews.com]]> http://seekingalpha.com/article/45334-there-s-just-no-need-for-a-fed-cut?source=feed#comment-94332 94332 Wed, 22 Aug 2007 14:57:01 -0400 http://seekingalpha.com/article/31671-american-equity-investment-sound-financial-standing-tremendous-growth?source=feed#comment-83710 83710
Under new NASD rules, particularly notice 05-50, and an alert:

www.nasd.com/InvestorI...

AELs core products are likely to see a slow down in sales. Further, if the products do in fact need to become SEC/NASD registered products, which is increasingly likely, these products lose much of their profitability due to the fact that they would have to become at least as competitive as variable annuities with living benefits, which currently, equity indexed annuities don't come close to as of yet for performance potential or guarantee return features.

Further, the likelihood of lawsuits against the company grows everyday as consumers realize that they are not making returns exceeding the 10 year treasury with most AEL products, and in many cases are tied into the product via surrender penalties exceeding a decade and annuitization provisions that prohibit movement to a better product in a timely fashion.

Sorry, AEL is a high risk, low return proposition going forward.

Ulysses Benjamin Dover
RealWisconsinNews.com]]> Thu, 05 Apr 2007 15:49:05 -0400
Under new NASD rules, particularly notice 05-50, and an alert:

www.nasd.com/InvestorI...

AELs core products are likely to see a slow down in sales. Further, if the products do in fact need to become SEC/NASD registered products, which is increasingly likely, these products lose much of their profitability due to the fact that they would have to become at least as competitive as variable annuities with living benefits, which currently, equity indexed annuities don't come close to as of yet for performance potential or guarantee return features.

Further, the likelihood of lawsuits against the company grows everyday as consumers realize that they are not making returns exceeding the 10 year treasury with most AEL products, and in many cases are tied into the product via surrender penalties exceeding a decade and annuitization provisions that prohibit movement to a better product in a timely fashion.

Sorry, AEL is a high risk, low return proposition going forward.

Ulysses Benjamin Dover
RealWisconsinNews.com]]>