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Snoopy1

Snoopy1
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  • If Obama Wins, Sell Your Winners [View article]
    Like most red states, Nebraska is a "welfare state" as it received $1.10 of federal spending per $1 of federal taxes paid.

    On the other hand, CA and NY receive just $0.78 and $0.79, respectively, of federal spending per $1 of federal taxes paid. NJ receives just $0.61 per $1 paid.

    Republicans are hypocritical for bashing the federal government and federal spending, when Republican-leaning states are reaping the lion’s share of federal dollars. You should be thanking NY, CA and NJ for subsidizing Nebraska.
    Nov 2, 2012. 12:45 PM | 28 Likes Like |Link to Comment
  • The chances for a fiscal cliff deal in the next 48 hours are "exceedingly good," says Senator Lindsey Graham, appearing on Fox News. "Hats off to the President, he won," Graham adds. "The President campaigned on raising rates and he's going to get a rate increase." [View news story]
    @sctauffer - you are 100% correct. These balance sheet recessions take much longer to work off (e.g. 1929) and need government spending to offset the shoring up of private balance sheets. Of course the TGOP tries to pawn off the Bush near-depression as a standard recession so they can blame Obama for not fixing it fast enough despite constant obstruction from congressional teabaglicans (block job bills etc.).

    Sadly, it looks like Bret doesn't understand the difference.
    Dec 30, 2012. 11:11 AM | 23 Likes Like |Link to Comment
  • If Obama Wins, Sell Your Winners [View article]
    "To me, if Obama wins, I cannot imagine that there will not be very many (if any) spending cuts anytime soon."

    Have you followed politics at all? Obama offered huge spending cuts despite his party's objections when he pushed for the "Grand Bargain" with Boehner, but Boehner couldn't get the tea party to sign on given there would some tax increases. Obama is still offering a 2.5:1 spending cut/tax increase ratio.
    Nov 2, 2012. 12:26 PM | 17 Likes Like |Link to Comment
  • Is Obama Trying To Kill Dividend Investing? [View article]
    I agree Rhianni.

    One of the reasons these tax cuts were temporary was they weren't "paid for" and led to an increase the deficit. Even Ayn Rand disciple Alan Greenspan said the Bush tax cuts must be allowed to expire.

    Now the same people who are against deficits are also against allowing these tax cuts expire.

    It must be great living in an alternative universe where one can lower deficits and give big tax cuts at the same time. The U.S. had higher tax rates across the board at the end of Reagan's 2nd term but somehow he is the conservative's hero.

    I own lots of dividend stocks, and while I would prefer favorable tax rates, I also accept reality.
    Mar 6, 2012. 12:18 PM | 17 Likes Like |Link to Comment
  • If Stimulus Works, How Come We Need More Of It? [View article]
    Wyatt, you really need to be quiet until you get a clue.

    Obamacare is not adding $3T to the deficit - please present an objective source (CBO) for your number. Objective fact-checker Politifact says that number is blatantly wrong:

    http://bit.ly/N3QWSQ

    Obama has actually had the slowest growth in government spending of the last several presidents:

    http://onforb.es/N3QELN

    By contrast, the current deficit is primarily due to Bush policies and the Bush recession:

    http://bit.ly/t24ESB

    Furthermore, Democratic presidents have had the best record of job growth, GDP growth and stock market performance:

    http://bloom.bg/OSYyKG

    These are FACTS, something you obviously don't concern yourself with. After all, facts have a well-known liberal bias.
    Aug 11, 2012. 12:47 PM | 13 Likes Like |Link to Comment
  • If Stimulus Works, How Come We Need More Of It? [View article]
    Wyatt, regarding your claim that Obama removed the work requirement for welfare last month - Politifact rated it a complete lie.

    http://bit.ly/N3TFMh

    Your comments on SA lack credibility as you merely parrot right wing propaganda. Turn off Fox News and college dropout Rush Limbaugh.
    Aug 11, 2012. 01:05 PM | 11 Likes Like |Link to Comment
  • If Stimulus Works, How Come We Need More Of It? [View article]
    Stop using facts and history - it only confuses teabaggers like Wyatt! :-)
    Aug 11, 2012. 12:55 PM | 11 Likes Like |Link to Comment
  • Is Obama Trying To Kill Dividend Investing? [View article]
    Please up your medication and stop listening to right wing propaganda.
    Mar 6, 2012. 12:23 PM | 11 Likes Like |Link to Comment
  • QE3: Reluctantly Long The Market [View article]
    "Despite the fundamental picture of the United States, I am long the S&P 500 through Direxion's SPXL ... I would rather be upset at the monetary situation of the nation and earning a return on my investments than upset and losing capital. As the chart below shows, the market is heading upwards and short positions are getting hit hard."

    Sorry, but it seems like you're being driven by emotion. You say you know the fundamentals don't justify a move but are afraid of missing it. Not only that, but you're throwing caution to the wind by buying a 3x leveraged ETF - effectively you're a momentum chaser. Nothing wrong with that, just an observation.

    "Be fearful when others are greedy and greedy when others are fearful"
    -- Buffett
    Sep 13, 2012. 07:23 PM | 10 Likes Like |Link to Comment
  • If Stimulus Works, How Come We Need More Of It? [View article]
    So you can't refute the facts I posted? Thought not.

    Keep spinning your right wing propaganda - I choose to base my views on facts.

    Goodbye.
    Aug 11, 2012. 01:16 PM | 10 Likes Like |Link to Comment
  • Microsoft And Apple Did Build 'That' [View article]
    Given the vast majority of SELF-MADE top billionaires are democrats (Gates, Ballmer, Buffett, Jobs etc.) and the billionaires who inherited (Koch, Waltons etc.) are republicans, I think Obama's policies are not bad for the nation and the economy.

    The billionaires who inherited only want to keep their money while the builders know the Dem policies expand the economy.

    Don't believe me? Bloomberg had a great article showing job growth, stock market returns and GDP growth was higher under Dems vs. Repubs over the past 50 years.

    http://bloom.bg/OSYyKG

    We all saw how job growth and stock market has gone up under Obama and the Bloomberg data showed this is no fluke. But some just hate reality.

    Furthermore, those who claim the market will drop if Obama is re-elected are also ignorant as Bloomberg's survey of global investors say they favor Obama over Romney (49% to 38%), probably because Romney's policies are the same as those that got us into this mess.

    http://bloom.bg/MtzqLj

    I hate to talk politics on an investment site, but the facts must be expressed.
    Aug 5, 2012. 07:56 PM | 10 Likes Like |Link to Comment
  • Microsoft And Apple Did Build 'That' [View article]
    My guess is that Mitt bought equity shares (private investment) in the IRA and marked them as some absurdly low value and then sold them later at true value.

    Sounds like potential fraud to me.
    Aug 5, 2012. 09:17 PM | 9 Likes Like |Link to Comment
  • Dividend Growth Stocks May Be Overrated Investments [View article]
    Nice article, but I prefer dividend growth stocks for 2 reasons.

    1) As long as you don't overpay, you should get the same or better return as a static 7% yield stock. If you bought PEP recently at $63 (14x P/E), you should get 3% yield plus 8-9% capital growth assuming PEP stays at that low 14x as mgmt expects high single-digit EPS growth. An 11-12% multi-year IRR is darn good for a safe stock.

    2) Paying dividend taxes every year is leakage that hurts returns. If you hold PEP forever, you pay tax on just that 3% yield. Even if you sell in 3-5 years, you still (probably) get favorable long-term tax rates.

    The key is not overpaying for dividend growth stocks.
    Apr 11, 2011. 12:47 PM | 9 Likes Like |Link to Comment
  • Putting The Gold Selloff Into Perspective [View article]
    @Ninja,

    Yeah, lots of gold bugs were saying that same thing a year ago, and a year before that...

    I remember gold bugs were saying in 2011 that people should have at least 10-20% of their net worth in gold. The stock market has crushed gold since then, but the gold bugs keep on claiming that gold will come back. I'm sure gold bugs were saying that in the mid-80s too.

    How do you value gold? Be specific. I have never heard a reasonable metric except for the cost of mining it, although jewelry does create some demand.

    "[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
    -- Warren Buffett
    Nov 1, 2014. 01:56 AM | 8 Likes Like |Link to Comment
  • GM Rated Rotten, $31 Price Target, As It Puts The 'Brakes' On Russia [View article]
    "I would guess that B has about twice his own personal money betting against GM or expecting it to remain flat for some time to come."

    Wow, is that just something you say to ignore the reality that Berkshire increased it's GM position?
    Aug 25, 2014. 12:03 PM | 8 Likes Like |Link to Comment
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