Seeking Alpha


Send Message
View as an RSS Feed
View Firehawk734's Comments BY TICKER:
Latest  |  Highest rated
  • The Rising Risk Of Investing In Bond Funds And ETFs [View article]
    I own GGN which is a gold miner closed end fund, has a lot of exposure to gold, and it has gotten walloped the past year to the tune of 40+ percent on the share price, because the miners have been beaten up.

    I have not sold because I think it's a pullback on gold and nothing more. So I'm still holding and collecting those divys, but it's been painfu!
    Feb 24 01:44 PM | Likes Like |Link to Comment
  • Darden Restaurants' Falling Revenues Mean It Is Time To Take Profits [View article]
    For the record, I am 34 now and an engineer but when I was 20 I used to work at the Olive Garden as a line cook. One thing that annoyed the heck out of me about the place was the kitchen did a really good job of trying to cut waste. As a cook trying to make orders on tickets, that was annoying to run out of stuff, but as an investor that's a good thing, the cost cutting thing. Just putting it out there. That was 14 yrs ago, so a little dated, but back then they were trying to keep costs down.
    That's just what I saw from working there, thought I'd pass it along. Everybody raves about the soups. The soups are wonderful.
    Feb 24 01:35 PM | 1 Like Like |Link to Comment
  • The Rising Risk Of Investing In Bond Funds And ETFs [View article]
    Can this country really afford for interest rates to rise anytime soon on the massive amount of debt that we have? I'm not being sarcastic, it's a valid question.

    Also, with the aging population, do retirees and those getting ever so close to retirement really wanna be in stocks, especially at all time highs when the economy seems to be doing nothing but be stubbornly underperforming? I don't know, but I wouldn't think so. Many older folks remember the times of high interest rates and therefore bigger yields in safe investments. I think they've been thrown under the bus by this government, and I don't think older folks (all due respect) would want to take on too much risk, going into stocks. It's kind of the same stubborn mentality you get between generations (the older generation always ragging on the younger one for being lazier, etc.
    There's truth to all of it ;).

    I'm 34 myself and work with a friend who is 63, and we discuss the markets every day before work. It is interesting his viewpoints. He cannot stand all this 'trading' going on, one second his shares are up, the next second they're down, etc. He wants stability, and he wants safe investment. He repeatedly tells me "If I could get 3-4% in a savings account I'd be long gone from this stock market.". I think he echos many retirees and those ready to retire. With the aging population in this country, I would think that's becoming more and more the sentiment.

    I'm sure at some point interest rates will rise, but that might be 20 years away. I think short term interest rates rising would be bad, but long term it is the right thing to do. But society doesn't like to deal with pain. And, I wonder if the government can really make the decisions to have them raise in an environment like this. After all, they are elected officials, always trying to retain power. Don't wanna rock that boat too much. So, if and when rates rise, I think it will be the market making it happen, and the government doing what it can to make it gradual.

    I own many closed end funds that have a lot of exposure to bonds, and I worry about this regularly. But I may just ride it out regardless, and keep reinvesting dividends. It's hard to predict what will happen and when.
    Feb 24 10:20 AM | 4 Likes Like |Link to Comment
  • Darden Restaurants' Falling Revenues Mean It Is Time To Take Profits [View article]
    Because it's a trader's mentality now ;).

    Stick to your guns Pen...if you believe in Darden then sit tight. Collect those dividends, and keep that long term cap gain in tact!
    Feb 24 08:47 AM | 4 Likes Like |Link to Comment
  • Linn Energy Sticks A Dagger In The Vocal Short Seller Crowd [View article]
    I wonder if somebody could answer this question for me.

    On the conf call yesterday they said that they are now thinking that the 2013 distributions will be tax free 100% instead of just the majority of it in 2012 being tax free.

    By Tax Free, does anybody know if that means the distributions will be considered return of capital, or are the distributions ACTUALLY TAX FREE? I'd appreciate any comments if somebody knows the answer to this. Myself and another investor friend of mine were wondering this and we both own LNCO.

    Thanks guys.
    Feb 22 12:23 PM | Likes Like |Link to Comment
  • Bernanke's Kryptonite [View article]
    I'll keep my Xanax handy.

    Isn't what I said so true though? You look at your parents, if they pay any attention to politics, just how cranky they get. Especially your grandpa! I mean my goodness...they make movies about these guys. But it's so funny how true it is.

    Just as funny and true as "Office Space" the movie is to corporate life ;).
    Feb 18 11:56 AM | 3 Likes Like |Link to Comment
  • Bernanke's Kryptonite [View article]
    Obama never once addressed the social security tax increase (or restoration, depending on what side of the fence you sit on) once it was passed through Congress. Why would any politician directly answer or respond about any negative press when they don't need to?

    Coincidence I guess..
    Feb 18 09:54 AM | 1 Like Like |Link to Comment
  • Bernanke's Kryptonite [View article]
    Who else hates knowing things? It is cause for stress and worry. Ignorance is bliss.

    Yeah, I think any american who pays attention to what money they have in their wallet can see there's inflation occurring. While Gas prices swing they swing with higher highs and higher lows. It's pretty obvious to me, when it costs me 40-50 bucks to fill a 12gallon tank.

    I also wonder a lot about how the government deliberately manipulates industries to get their mandate through. For example, high voltage vehicles. The government has been subsidizing battery companies so much that if nobody buys them, how would that be explained? So what do we do? Let's make gas cost more and blame it on oil companies, it's the perfect situation.

    I'm sorry, I'm just ranting. I'm only 34 yrs old, but I find the older I get the more irritable I'm getting with government and politics. Now I understand why every old man is crotchety when they start talking about the government ;).
    Feb 18 09:52 AM | 14 Likes Like |Link to Comment
  • The Currency War Is Not New, It's Merely Escalating [View article]
    Do you think corporate profits are so high due to low interest costs and also due to the significant reduction in overhead costs (i.e. much leaner business)? And not really because of demand?

    Thanks for your views.
    Feb 15 07:10 AM | Likes Like |Link to Comment
  • The Currency War Is Not New, It's Merely Escalating [View article]
    I have a question, looking for all opinions:

    Does anybody think that we are in an equity bubble here, with the constant money printing? And part 2, does anybody think another market crash will result like in 2009 when either the market forces a stop in printing, or the Fed stops?

    For the record I don't think the FED will stop until the market forces it to. I'm just wondering what those smarter than me around here think will happen with stock prices and to what degree.
    Feb 14 10:19 PM | Likes Like |Link to Comment
  • Increasingly Wary [View article]
    I'm not an insider or anything, just a small investor, but I tend to think sometimes the market sells off a little bit just because of a great run, and it really has nothing to do with any set of data, no matter how much somebody tries to put a storyline to it. This is just my opinion.
    Feb 7 07:12 AM | Likes Like |Link to Comment
  • Home Price Increases: Not An Illusion [View article]
    Thanks to those posting about their zillow experiences. Seems like similar results from what I've seen...stagnation using their estimates.

    I'm not saying they are accurate or anything, and I figured they used homes in the area to determine their 'zestfully clean zestimate'...but when I read the home prices are up substantially nationwide, I guess I'm just feeling left out (tear).
    Jan 31 05:10 AM | Likes Like |Link to Comment
  • Home Price Increases: Not An Illusion [View article]
    I guess it’s just my area but prices have not moved at all in 2 years. I am in Michigan, in suburbs in metro Detroit area (no this is not Detroit city, in fact I hate saying I’m from Detroit since it’s really a false statement).

    But, in the past 2 years, using Zillow estimating, my primary residence (a home in a sub that is not more than 8 years old, has not moved in value. My rental property (a home built in 1972 in a good neighborhood also) value is also still not budging.

    It sure seems that maybe the upper class homes are the ones going up in value?
    Jan 30 09:54 AM | Likes Like |Link to Comment
  • Worried About The Stalled Housing Market Index? [View article]
    I read somewhere that housing starts are generally not single family homes, but rather apartments and condos. So, are we still lightyears away from any 'normalcy' returning?

    Also, I don't know where housing prices are increasing but I thought I heard they were up 10-12% nationwide in 2012. I live in a sub that is 10 years old, so newer homes, and according to zillow (which i know is ball park at best) has not really moved anywhere. And it's a newer sub. I believe there is only 1 house for sale in the sub, which I guess is good in the sense values won't fall, but I don't see them going up.

    I also own a rental where the house was built in 1972, and that value hasn't moved either. Both in the same school district, and a good district.
    Jan 20 07:54 AM | Likes Like |Link to Comment
  • Fed Policy Supports Stocks Today - Future, Not So Much [View article]

    The unemployment rate will get to 6.5%, but it won't be real. It depends on how they will look at it. Do any of us really believe the 'real unemployment rate' is at 7.7 right now? When the participation rate continues to plummet and social security disability apps are going through the roof?

    So, if they just go by that shallow %, it will likely eventually creep down there, but it's very misleading. It seems to me that politicians are singing a very different tune than the FED. To me the FED sounds way more bearish on the state of the country than politicians do. I don't know if anybody else notices that.

    Thanks for the article.
    Dec 13 10:42 AM | 5 Likes Like |Link to Comment