I don't know if you've ever got a bad piece of sushi before but once you do get that bad taste you don't go back to that same place.
The high price of oil has left that bad taste and people are going to remember that even when the price of oil reaches 110 a barrel. Demand destruction has already happened. People are installing more fuel efficient boilers that will pay for themselves in a year or two. SUV sales have plummeted. The Saudi's have sold August oil a few dollars lower than what the market was willing to bear. It's not like the 70's here where oil rationing was going on, but that's happening elsewhere in the world (nothing's in our backyard anymore not even protest). 200 dollar oil.... my ars... and i'll take that to the bank.
--> SWRichmond. We are at the end of the bubble for sure. Crude was $10 a barrel back in Jul-1998. So this is a bubble running for ten years now. It's ripe to pop. Once everyone starts talking about a bubble it usually pops around 3 to 6 months later. Smart money will be selling into strength.
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This is retarded, I see continued debasing of US currency due to money supply expansion and now the upcoming rate cut. I see continued trouble in the US housing and mortgage markets and don't feel we seen of of the surprises yet. I see continued strength in commodities and oil even though we may see a pull back from current levels. We have more paper chasing comparatively fewer resources. I see China consuming more energy than the US 25 years from now. As a contrarian I am bullish the canadian dollar despite the recent pull back.
The four factors you mentioned are largely moderations of a completely bullish stance, where in the US we are going from worst to worser, dumb and dumber.
It is clear that the wireless market will be much bigger than these assumptions. And exactly how does the 15% cannibalization figure come about? Google's presence is virtually non existent in this market right now. If nothing pans out they could minimally lease spectrum. I would like to see google build a relationship with Sprint which reinvents that company as a wireless data provider. It seems like sprint has been sort of going in this direction with WiMax clouds and G4 networks anyway. I would like to be able to purchase a phone with a separate voice channel and data channels so I could choose the best data network versus the best voice network as separate plans and not the all in one bundle. Personally, that's where I think things will be going.
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They need to build relationships with foreign sources of liquidity in case they need more cash. And who is more liquid right now that entities like AIDA? What makes you think Citi will not cut the dividend too or scale it back at some point? If they have to they will and will continue to pay 11% to AIDA. These are all possible end game scenarios. The most optimistic would be that they won't need any additional capital injections but I seriously doubt that.
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and thus the rise in oil prices. the author has it backwards... it's the falling dollar which is causing higher oil prices. not the other way around. reserves simply don't justify the cost right now.
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What lack of foresight. I bought an iphone and i've been resistent to the new apple revolution for a while. But this device is truly genius. Good bye hardware phones and wwlcpmw to the dawn of the softphone. The revenue streams are endless. How many new itunes subscribers are there now? Furthermore considering the ui is all software one can upgrade their skin to some extent and feel like they have a new phone. Being a software developer I have a much deeper apreciatipn for want they've pulled off and know the competition is lightyears behind. Now I know the culture of 'think different' is alive and well at apple. (written from the iphone)
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The high price of oil has left that bad taste and people are going to remember that even when the price of oil reaches 110 a barrel. Demand destruction has already happened. People are installing more fuel efficient boilers that will pay for themselves in a year or two. SUV sales have plummeted. The Saudi's have sold August oil a few dollars lower than what the market was willing to bear. It's not like the 70's here where oil rationing was going on, but that's happening elsewhere in the world (nothing's in our backyard anymore not even protest). 200 dollar oil.... my ars... and i'll take that to the bank.
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The four factors you mentioned are largely moderations of a completely bullish stance, where in the US we are going from worst to worser, dumb and dumber.
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