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jusdoit

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  • The Latest Crisis Now Unfolding On Wall Street [View article]
    couldashoulda, yup

    Eric, fantastic review and presentation of what‘s behind door #3. As for the comments it sure gives me a sense of hope to realize there is intelligent life on this planet.

    basehitz + Smartey Pants + steve atma + Physical Receipt + gap wedge + coindog + apberusdisvet + untrusting invester + Default to reality + sarkmott + asclepius8 + Capt. Spauldimg +

    “our corrupt legislators give their favorite campaign donors a pass. “
    Of course, only reasonable since no one committed any crimes.

    Your Eddie Van Halen, Billy Joel, and Friedrich Nietzsche selections are perfect. I can no longer allow myself to be outraged, only set back in amazement as the barrage of crushing events unfold. I will recommend “basehitz Lessons learnt:” list as a very wise approach to these matters.

    The political will to represent the peasants will not happen. Just too far down the rabbit hole and past the horizon for action of any consequence or substance. Remember GW’s statement “this sucker’s going down” Remember a couple trillion ago Paulson’s 1 page plan and “tanks in the streets” comment? Remember the 30 or so Tea Party reps.? Last check I believe shows 26 now report substantial political funding from the TBTF banks. Oh yeah, Romney pledging anything, yeah, that will get everything fixed. Even with a lame duck session, does anyone have confidence our law makers will do the right thing. One of our reps sent me an email last year explaining why and the advantage of voting for raising the debt ceiling. My reply was “THANKS ??” Now we have the FED implicated in the LIBOR mess. The big fish are starting to eat on each other so we could see some fireworks as the next quarter plays. I’m good with setting this one out, 1st time since 1987.
    I’m out until I can operate with some degree of confidence in this Just-Us system.
    Jul 8, 2012. 10:05 PM | 2 Likes Like |Link to Comment
  • Friday's Labor Report Could Have An Unexpected Impact On Risk Assets [View article]
    green shoots ?
    Jul 5, 2012. 11:09 AM | Likes Like |Link to Comment
  • Could A Poor ISM Reading Actually Be A Positive Indicator For Stocks? [View article]
    Nice collection of data and chart, looks like our hot air balloon is low on fuel.
    Jul 3, 2012. 10:58 AM | Likes Like |Link to Comment
  • Second Quarter 2012: The Beginning Of An Earnings Collapse [View article]
    James, you are on a roll the past few days. Thanks for sharing the insight and providing the food fight that always accompanies your articles. Always a joy to read.

    So we now have mfg sector contraction for the first time in 36 months even though the overall economy grew. A combination of backlog, new orders, and export weakness does not paint a rosy picture for the immediate future. I suppose the Holiday week coupled with peak vacation season should provide some cover for a poor upcoming jobs report.

    Lower fuel costs will not, in my opinion, be sufficient to offset the pressure families are experiencing on every cost front. Local, State, and Fed regulation and taxation (new healthcare) will continue to plague 50% of the peasants who are making an effort.

    Do you guys have an opinion of how the markets will react to the JPM report for Q2, or does the 2 – 9 Billion whale of a blunder get swept under the rug, or is it priced in already? IIRC, did they combine some assets into general FDIC protected accounts back in Feb. or March?

    We sure live in interesting times, best to all.
    Jul 2, 2012. 11:10 PM | Likes Like |Link to Comment
  • The Start Of The 2012 End Game Is Upon Us [View article]
    James,

    Thanks again for planting that nagging question in my subconscious that prompted my 3rd week of April move to cash. Looking back at the pros/cons for me and my rose colored glasses, I could not justify my mental arguments to continue in the face of your well researched and factually based articles.

    Some comments here seem to launch attacks and cheap shots regarding your calls, sucks for them I guess.

    For me, that final decision prevented riding out a 35% loss in some cases and secured thousands of dollars of hard won gains.

    As for the 10% metals, all physical for better or worse and very comfortable with long term or pass it on.
    Jun 26, 2012. 11:56 AM | 1 Like Like |Link to Comment
  • With QE3 Delayed, Will Silver Fall Below $20? [View article]
    Simit,

    Thanks for your insight and opinion of the larger picture.

    "I would encourage silver investors to be psychologically and financially prepared for such an event. Silver at $18 would represent an especially worthwhile buying opportunity" would be a very attractive back the truck-up moment.

    best to all
    Jun 22, 2012. 10:38 AM | Likes Like |Link to Comment
  • Is Joe Sixpack's Economy Deep Into A Recession? [View article]
    Great article and charts Steve, Thanks

    Valueplay, I think that 42m number has grown to 46+ million. That would be aprox 900+ k per state. Most of us would be astonished to see these fellow citizens in soup and bread lines every day for the past few years, even if the media declined to cover such an event. A sampling, if you've the stomach for it, I would challenge one to prove it for themselves.

    Set aside a late evening the last day of any month near the entrance of most Super WM or similar 24 hour food distributor. As the new month day AM clock strikes the checkout begins and the refreshed balances are cascading like the New Year's ball. The shelves are fully stocked with the well known and advertised best priced profit makers for the busy first few days of the month.

    The buyers are streaming out by 12:30 - 1:00 am, carts fully loaded and a couple of small children in tow, ah, the promise of providing for the family and mentally vowing to themselves, we have to save a few dollars on the card for the fourth week of the month this time.

    The suggestion of increasing the minimum wage by $1 (per/hr I assume) every year, why not $5 or say $10 ?? Do you think the price for what the dollar buys will not change. Do a bit of research into the history and roots of the Minimum Wage, Food Stamp, Medicare, and Social Security programs.

    It does appear to be controled and according to plan, we have been robbed. Nothing new here, and will play out the same as it has many times for centuries.
    Jun 17, 2012. 01:43 AM | 6 Likes Like |Link to Comment
  • Warren Buffett Sure Knows How To Plant A Tree [View article]
    Great article Tim and comments.

    "But what separates Buffett from the rest of us is that he has the patience to watch them grow into trees."

    also nice to be on the Fed, Treasury, and wh speed dial when problems / er, opportunities arise.
    Jun 10, 2012. 11:18 PM | 4 Likes Like |Link to Comment
  • Gold: Give Me Stimulus, Or Give Me Death [View article]
    Eric,
    I do appreciate your vision for the longer term. however, for the short term I have to side with Taojaxx and Youngone here. As for Metals I prefer physical, never could get the miners to work for me and no confidence in 50:1 levered paper gold/slv.

    QE 1 & 2, followed by OT, appear to have lost their punch. Each providing less strength and longevity than the previous. Could be the Fedpump lets it ride till after the Nov election to prevent appearance of political maneuvering. Expect Treasury, as last year, to use creative Public Pension borrowing to squeak past another debt ceiling impasse. Should we get serious deflation ( Black Swan / China / Eurozone / Iran ) I would expect equities and commodities to get hit.
    The "multifaceted characteristics appeal" of gold may have to play second fiddle to the dollar with some of those possibilities.

    Hollande is pushing euro area bonds plan from last year and will no doubt receive support from Italy and Spain. Greece is done and will probably be paid off to just go away.

    Do you perceive a positive or negative effect on the dollar, equites, or PMs with this round of EU noise?


    Best to all
    May 24, 2012. 05:43 AM | 3 Likes Like |Link to Comment
  • The U.S. Economy In Q1: Slow, Steady And Vulnerable [View article]
    Steve 7,

    Looking back a few days, I am still very comfortable with my move to cash 3rd week of April. Let the dust settle a bit and back to it when things level out. Did get bit by one day waiting on a stupid dividend with one but, hey, as long as I pick up 40 to 50% again this year I can work with it.

    Allowing my comment to confuse your interpretation suggesting "Bears who refused to be flexible and change their beliefs or their outlooks missed out on massive gains on their money during the past six months." Hello?? Do you honestly think people are hanging on every word James A K is breathing and setting in cash for 6 months??
    He has articulated some fantastic arguments and provides some balance to my crystal ball purchased at a damaged discount sale. At the end of the day, my decision Buy/Sell costs you nothing so relax.

    I see you hedged your comment with the follow up comment, so please do enlighten all on SA how the "the incredible "Turnaround Tuesday" on massive volume on October 4, 2011" worked out for you.

    Steve? Are you still there??

    I have to copy this thread, the folks I work with will get a nut when they see someone calling me a "Bear". What a Hoot!

    Best to all, you too Steve 7, where ever you are
    May 21, 2012. 02:23 AM | 1 Like Like |Link to Comment
  • Last Chance To Get Out [View article]
    Paging James A. Kostohryz
    May 18, 2012. 12:36 AM | 1 Like Like |Link to Comment
  • JPMorgan's Hedging Losses Invite A Political Response [View article]
    Hmmm, looks like the MFG folks just got repositioned to the back of the line again.

    Pftt. Jon C. and Jamie D. are just pikers, Bernie Made-Off with better than this with a Commador 64 and HP printer.
    May 12, 2012. 03:15 AM | Likes Like |Link to Comment
  • Gold/Silver Ratio In An Uptrend [View article]
    Simit,

    Good review for some of the possibilities.

    Do you have an opinion of the effect of Shanghai Exchange trading silver futures mentioned by The Recusant ?
    May 8, 2012. 01:17 AM | 3 Likes Like |Link to Comment
  • Will The Consumer Return? [View article]
    Old Trader, Kevin, and Tenof have together nailed it to the wall.

    The revolving Credit, misdirected mortgage payments, and 46 million food stamp recipients are putting on a petty good show. The Labor participation rate chart not so much. Guess we will see how the Eurozone elections play for everyone this week.

    Best to all
    May 6, 2012. 11:55 PM | Likes Like |Link to Comment
  • The U.S. Economy In Q1: Slow, Steady And Vulnerable [View article]
    James,

    Good call ....... 10:55 p EST with Asia down hard, Europe and US futures ugly.

    Looks like we are in for another tough week, with the election results and the Euro. This one could leave a mark.

    Close enough to the end of April for me.

    Thanks
    May 6, 2012. 11:04 PM | 2 Likes Like |Link to Comment
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