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Ray Lopez

Ray Lopez
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  • Los Angeles sues JPMorgan for predatory lending [View news story]
    "The real cause of the financial crisis was..." -- if you say so, LOL.

    BTW the Federal government is immune from lawsuits from the states.
    Jun 1 09:45 PM | Likes Like |Link to Comment
  • More on the Barclays gold-fixing fine [View news story]
    The issue is how much manipulation affects the true market price of gold. I would say it's small, meaning manipulation pushes gold say 1-3% from the 'true' market price if there was no manipulation. It's hard to 'corner' a market long term, as any 19th century robber baron would tell you. So I doubt gold manipulation is keeping gold from 2x or 10x of its true price; more like 1-3%. Still, that's a nice margin to have, as any high-frequency trader knows.
    May 24 02:04 PM | Likes Like |Link to Comment
  • At the close [View news story]
    Or, if you bought in March 2009 like I did, at the very bottom of the market, you would have made a lot of money. I sold however last year--I don't believe holding out for the last 10%. Let the bagholder (permabull) get that; I'll be back when the market crashes.
    May 13 02:23 AM | Likes Like |Link to Comment
  • Revenue Growth: What Has Happened To IBM's Sales Culture? [View article]
    Good article about what ails IBM. Since a lot of corporations have fat, during lean economic times the corporation gets revenue by feeding off its own fat (by shedding fat), hence "Simplifying and streamlining" is mentioned in the annual report for the last 7 years. But will we soon see seven years of fat in the economy? I doubt it. Hence "Big Data" is doomed, and so are IBM's grandiose claims. Their best hope might be that third world countries like the one I'm in now (the Philippines) adopt Big Iron, but unless IBM cuts prices, I don't see that happening either.
    May 13 02:21 AM | 1 Like Like |Link to Comment
  • This Week's SPDR Gold Trust Catalysts [View article]
    Sounds like a sound analysis by the analyst MK. I myself have been long on gold since it was $400 an ounce, though I sold some by chance at the top of the market (pure lucky timing). I still see gold going to $2000 an ounce in the next few years.
    May 13 02:14 AM | 1 Like Like |Link to Comment
  • Big Oil Under Serious Threat [View article]
    Good article by the author. The only problem is that long term he is right, but markets rarely look more than 1 to 3 years down the road (look at Philip Morris).
    May 11 01:59 PM | Likes Like |Link to Comment
  • IBM's Culture Is Its Best Long-Term Investment Metric [View article]
    Not to dismiss the IBM insiders comments too much, but it seems like what is known as "mood affiliation", and their negative views of IBM are shaped by their own experiences. It's a fact that *every* corporation has too many employees. Some management theorists speculate it's because the corporation wants everybody to work hard because they know they can be replaced by somebody else who also does the same job within the corporation.

    As for IBM as an investment, I sold too early in the early 1990s, thinking the PC would kill the mainframe, but I would not buy them now. Too much competition.
    May 1 11:01 PM | Likes Like |Link to Comment
  • No Longer Posting At Seeking Alpha [View instapost]
    But wait--I've not noticed any pump and dump schemes at Seeking Alpha (maybe I'm not paying attention) and further a blurb from the Wall Street Journal says Seeking Alpha predicts somewhat the stock market, more so than by chance (I don't know details, just a headline I saw on this site). So maybe Tom was overreacting? Time will tell.
    Mar 29 04:17 AM | 1 Like Like |Link to Comment
  • The Cold Economic War [View article]
    GDP of Ukraine: about $180B.

    GDP of Greece: about $275B

    Would you, Average American, go to war, maybe even nuclear war, over Greece? No.

    So why worry about Ukraine, which is even more marginal?

    I think sanctions and threats of expulsion are enough to deter Russia from Ukraine, and I think Russia should have Crimea. Let sleeping dogs lie. If Putin wants to be the next Hitler he will go down like Hitler. He's a bully but no fool like Hilter.
    Mar 24 01:20 AM | 1 Like Like |Link to Comment
  • Bloomberg: F-35 faces yet more delays due to software issues [View news story]
    @kussey--you are right, and that's why in a perverse way the F-35 might be a other nations attempt to show their meddle by buying it, when and if it gets cleared for export sales.
    Mar 24 01:14 AM | Likes Like |Link to Comment
  • IBM: An Island Of Value In A Sea Of Overpriced Stocks [View article]
    Great post from an insider. The IBM patent folk should have gone after the hedge funds for royalties if they used anything Mandelbrot patented. As for Big Blue, they are a survivor but tech changes so fast I would not be surprised if they sink. "The firm has operations in more than 170 countries and generates about 65% of revenue from abroad." -this to me shows that IBM is making money outside the USA where it is not the 'bleeding edge' that is making money but rather the adopters of US technology. Very common, since outside the USA, Japan, UK and Germany, the other countries are following last year's technology so to speak. So IBM is making money off of unsophisticated customers--how long will this last? Probably a decade more?
    Mar 12 02:50 AM | Likes Like |Link to Comment
  • Boeing to inspect some 787 Dreamliners for wing cracks [View news story]
    @TAS - using the best and latest tech "breakthroughs" when discussing wing cracks is probably not a good idea, lol. As for the 737, it may be venerable but also vulnerable to old age...
    Mar 8 01:44 PM | Likes Like |Link to Comment
  • Noah's Snark? [View article]
    Sumners is a moron, as are all the Keynesians, Neo-Keynesians, Monetarists (including Freidman on this issue), and anybody who believes there's a 'multiplier' (see Arnold Kling on this issue of the fraud of multipliers).

    Truth is: 'multipliers' even given as David de Los Angeles says depend on the industry, and given they work in a laboratory setting, and given the poor are affected more by multipliers than the rich, since they save less proportionate to income, don't work more than a few months and don't work in extreme zero marginal interest rate environments as we are now. Increasing the money supply will not work either, and only increase the debt-to-GDP ratio to above 200% (it's at 140% now, net, in Japan).

    This is self-evident to any student of economics history, but will become painfully obvious once Abenomics is found to be a bust. So I'm hoping Abenomics continues, and even is accelerated, so the world will soon know what a bust Keynesianism is.

    To paraphrase Lenin: 'the worse, the better'.
    Mar 3 01:35 AM | 1 Like Like |Link to Comment
  • Russia escalates tensions over Ukraine [View news story]
    Actually, the Allies let the Soviets do the heavy lifting, and then helped defeat the Germans on the Western Front. In terms of kill ratios of German solders, if memory serves after D-day it was roughly equal on both the eastern and western fronts. But I agree the Soviets did most of the hard work in WWII. However, I think Hitler would have died early had the Germans won, and arguably, if Rommel had succeeded in becoming Hitler's successor, Europe would have been better off under the "Nazis" than Red Russia. It's all ancient history now though.
    Mar 2 04:56 PM | Likes Like |Link to Comment
  • U.S. takes key step toward Atlantic drilling, sparking debate over sea life [View news story]
    You do realize that fracked reserves fall at a much faster rate of production, and even Bakken will be dry in a decade or two? And 20B bbls is only about 3 year supply, or six years of imports. We need to raise CAFE limits, develop nuclear and solar, and tax energy more.
    Mar 2 04:39 PM | Likes Like |Link to Comment