Send Message
View as an RSS Feed
  • The Market Will Resume Its Bull Run Soon  [View article]
    Huh? The market just went "almost" straight up 7% in the last few weeks. You missed this overpricing apparently?

    Prepare for a big slide, coming soon to a theater near you. There is virtually nothing out there that can keep this up, except cash looking for a bad place to go and we have seen where that usually ends up. Better to be in the proverbial mattress when the chix come home to roost.
    Aug 30, 2011. 09:32 PM | 1 Like Like |Link to Comment
  • Gold's drop could chip at its safe-haven image 
    I have heard also about the deterioration as well, just did not think it was that bad. Thanks for heads up.

    I have friends in Tasmania - amazing place (preferred vacation spot for Aussies I am told, even over NZ) but likely getting pricey and selective about who can live there.
    Aug 28, 2011. 02:16 PM | Likes Like
  • Gold's drop could chip at its safe-haven image 
    Nice - I don't live O/S the US, but may someday. Tasmania is on my list, but I have heard good things about Costa Rica as well.

    Wall Street Journal. If there is any doubt as to the new compassionate Libcon politics of the WSJ, just open this Saturday's WSJ magazine. In just this weekends edition: (1) Love affair article about Christine Amanpour, the darling of Liberals worldwide, (2) Greenpeace expose, nothing wrong here with an organization that really just wants to do good (forget that they have used well known terrorist tactics to do "good"), (3) Lovey-dovey article about two gay male business "partners", how they met, fell in love, etc etc yeech. WTF - did I subscribe to Newsweek?

    Combine the social liberalism the WSJ now espouses with their new found Keynesian philosophy (massive spending and zero interest rates cant be too bad if it makes my stocks and commissions go up) and you have the seeds of doom if they represent our financial geniuses.

    I can' t imagine any reasonable person with a brain wanting to invest in stocks at this point. It saddens me to say this, but a better day and President will soon come. But in the meantime, I am on defense.
    Aug 28, 2011. 10:22 AM | Likes Like
  • Gold's drop could chip at its safe-haven image 
    You know that Gold is the place to be if you have been reading the WSJ over the last few months. When these guys do everything they can to kill Gold and get you into Stocks, something is wrong and at the least they are simply not credible. These guys are almost foaming at the mouth at the mere thought that some of us might want to be in Gold rather than buy stocks just because there is nothing else. Investing in stocks because interest rates are low - especially artificially induced - cannot be a good reason.

    The WS guys were wining for months when Oil was high yet the very economic model they wanted (low dollar/low rates/go stocks) was the reason why Oil went up. Go figure.
    Aug 27, 2011. 11:10 PM | Likes Like
  • Gold's drop could chip at its safe-haven image 
    You can't argue with a trend line dating back almost 20 years and nothing out there indicates either a solid, non inflationary world economy or political stability.

    If you don't buy now, you will regret it later.
    Aug 25, 2011. 11:45 AM | 2 Likes Like
  • The Gold Trade: Prepare for the Plunge  [View article]
    "I don’t accept that gold can continue to outperform in a clearly deflationary environment or that it's really a new currency and here’s why."

    You base this on what exactly - our provably phoney economic data? How many times do you have to see the GDP number backtracked to a more accurate but unahappy number. Economic data from CBO/BLS/Fed and other "govt" sources is produced by folks that want to support Bernake and our affirmative action President. Bernake himself proved the value of controlling the data re inflation - its only in your head, so don't worry.

    No, I think Gold will continue up, it should be $2400 if corrected for inflation (even phoney inflation) just to get back to the 80's peak. We have stagflation just like the 80's and you know what happened then - and I believe Gold has a way to go just to get back to these levels. I am not alone, JP Morgan says $2500 by year end.

    We have not even discussed the macro political/economic malaise and near financial collapse in the Western world. Given all this, I really think logic tells you that the US $$ is overvalued and Gold is undervalued.
    Aug 21, 2011. 09:48 AM | 8 Likes Like |Link to Comment
  • Is Wall Street Trying to Force Us Out of the Markets? Here's How to Protect Yourself  [View article]
    The problem with the small guys like us who look to insights from other folks like us (and a few big guys that fish here at Seeking A) is that we are absolutely awash in information, we panic: Hedge, buy puts, go long, go short, go cash, go to Australia.

    I do know that Wall St wants you to jump all over the place and they win when you do, no love lost here, and they don't care who is in the WH as we have seen. WS has almost turned fascist, just read the kinder and gentler WSJ these days and you know what I mean. Follow the money, this is dog eat dog and it will never change.

    How to make money and protect yourself? Nobody knows for certain but I do know that in the midst of all the instant info madness, we need to FORCE ourselves to stick with our common sense and not forget what history has already shown. We know that QE3 will force people into the markets and this will make stocks go up by default. So, when QE3 is announced again, you need to be in - but put in stop losses on everything you try because when the next downwinds hit, it will be worse than you can imagine. I am talking interest rates of 10% or even 20% to get inflation back in control. You think the real estate market is bad now, you ain't seen nothing yet.

    Be prepared, thats all - but use the next push higher to create some reserves because I think you will need it. Its all politics now and I just don't have faith that we have the steely backbones that our parents had to dig out of a crisis.
    Aug 12, 2011. 11:50 PM | 5 Likes Like |Link to Comment
  • U.S. Downgraded: What to Do Now  [View article]
    Yes - interest rates up, bonds down, bad for stocks (until QE3).
    Aug 6, 2011. 12:56 PM | Likes Like |Link to Comment
  • Heading for the Cliff  [View article]
    I read Mr. Reich-a's comments. Beyond scary. Being fiscally responsible is a "fetish"??? What planet is this guy on. All of his favorite Socialist/Marxist states have failed and our wanting to go another way is a "fetish"? Hard to believe that our intelligentsia is so dumb.
    Jul 29, 2011. 05:26 PM | Likes Like |Link to Comment
  • Sector Breadth Readings  [View article]
    And the point is?
    Jul 7, 2011. 09:30 AM | Likes Like |Link to Comment
  • June same-store sales (actual vs. Thomson Reuters estimate), update #1:
    COST +14% vs. +12.7%.
    HOTT +0.4% vs. -2.4%.
    LTD +12% vs. +3.8%.
    SSI +1.8% vs. +1.5%.
    ZUMZ +9.6% vs. +5.8%.
    0 misses, 5 beats.   [View news story]
    Agree - forecasts always too conservative, everything coming up roses in the good ol USA. HITH can you go from -2.4% to a gainer in one month? Or, the LTD off by a factor of 4X?

    The Repubs are now starting the pre-ordained caving on tax increases. This will be done to stave off blame for shutdown which the media will happily promote in order to make the Boris Badanov in the WH look good.
    Jul 7, 2011. 08:10 AM | Likes Like |Link to Comment
  • Cheap Houses vs. Pricey Stocks: Real Estate Currently Has Better Relative Value  [View article]
    Actually, residential RE will likely remain a poor bet for the near term. The fact that homes have not hit bottom yet, even with all the Feds juicing with impossibly low mortgage rates, is a scary thing to ponder if rates move up before home prices stabilize. What could change the equation is if home prices start moving up before rates do - this is dependent on higher employment and real wages. I don't see this on the immediate horizon - but if you plan to stay in a home for 5-7 years, it just might be a good investment.
    Jun 12, 2011. 06:05 PM | Likes Like |Link to Comment
  • Bernanke Surprises Markets With the Truth  [View article]
    "The cell phone mania proved to be the winner and the mania of the USA = the loser."

    Not if you don't like brain cancer.
    Jun 12, 2011. 12:21 AM | Likes Like |Link to Comment
  • Bernanke Surprises Markets With the Truth  [View article]
    Twice inflation pricing for a service (tuition) only happens when there is a monopoly and 3rd party payments to support the consumer (loans and lotteries, etal). This can't and shouldn't be sustainable. Eventually the education house of cards will fall like all the rest. Has anything paid for largely by a 3rd party ever been in control? Think health care.
    Jun 11, 2011. 05:24 PM | Likes Like |Link to Comment
  • Bernanke Surprises Markets With the Truth  [View article]
    Yes - good point - confidence is not required for a good economy but is almost always a result. Sometimes we have it all backwards, like poverty causes crime - its exactly the other way around. The folks that take and redistribute will never see this truth.
    Jun 11, 2011. 05:19 PM | Likes Like |Link to Comment