Edward, Lord Clarendon

GE to Close Its Only U.S. Solar Panel Factory

"Say it ain't so, Joe," Biden!

Wassamattah? You fools in DC already run out of stimulus money? Can't save jobs in your own state.

Fool some of the people all of the time.

The DJIA's Dangerous Indexing Philosophy

no suggestion as to which is the cause and which the effect.

A Dow Double in 10 years? Easy

You may double your dollars, but they'll only buy half as much. t-bills are a mug's game. The government is the dealer and you are the sucker.

Is Microsoft's Bing Losing Its Bling?

XP Pro does just fine. It's not broken (unlike 98) and I won't try to fix it. In fairness I don't play video games and spend my life on facebook or U-tube. We're a law office.

6 Bellwether Dividend Stocks

I agree with the comments, Rick. We have always gone for a nice tight dividend. (My heart broke a little yesterday when our OXY 10.125 20-year non-callable bonds expired.)

I'd stay put if I were you (and almost am you) but keep an eye on the bond market. We'll see a big spike in bond rates again, back into double digits. Then think about it. You're in the sweet spot. Ride on.

E, LC.

Rail Transport CDS Levels and the Dow Theory

'Tis true! An excellent point. Without volume prices are almost meaningless. Jamming of the market during the last year has done that to a lot of things (real estate, cars..).


On Aug 16 03:46 PM BigGuy wrote:

> CDS Levels?
>
> I think you mean the pricing of credit default swaps for railroad
> stocks. How about the volume? Most of us don't have access to see
> volume figures for privately traded securities like CDS.

Rail Transport CDS Levels and the Dow Theory

D'accord.
elc


On Aug 15 07:23 PM macro -N- ietzsches wrote:

> ROFL whole series from aug 14 9:19 am on needs to go straight to
> educatedcomedycentral....

Rail Transport CDS Levels and the Dow Theory

Pick up a style book and read it when you get to college.


On Aug 14 01:48 PM MacroEconomist wrote:

> Edward, sometimes its better to keep your ignorance a secret.
>
> Learn how to use Google and pick up the business section of the paper
> in the last 2 years.

Rail Transport CDS Levels and the Dow Theory

The AP stylebook is the Associated Press Stylebook. It was the unifying style guide for newspapers during the 20th century. College journalism majors lived with it under the pillow. It was filled with minutiae "rules," concerning the structure of news reporting. Think in terms of those horrible style books we had in freshman English. One of these AP rules was the "define your abbreviations on first reference so the dunces will understand you" rule.

Law school had the same thing, the "Blue Book." Grad school had "Turabian."

Herein, I am the dunce freely admitted. Yet willing to ask questions and listen.

ELC

On Aug 15 03:09 AM cam addis wrote:

> What does AP stand for?

Rail Transport CDS Levels and the Dow Theory

Thank you, Jim. I took the abbreviation in the context of rail industry specifically. Didn't realize from the article that CDS was relating to credit default swaps. The classic problem of alphabet soup. Now I get it. Thanks.


On Aug 14 11:24 AM James Cullen wrote:

> Edward,
> CDS are credit default swaps - the cost to insure the debt of a company
> against default. Not being snide, they've made headlines the last
> nine months or so, thus the straight-to-abbreviation usage.

Rail Transport CDS Levels and the Dow Theory

JIM:

It would be helpful if bloggers defined their abbreviations on first usage, as in the AP stylebook (if there still is such a thing). This is a common problem in jargon. It is the same as saying, " I'm a knowledgeable inside person and you're NOT." I know I'm not, that's why I read anything and everything. And have been for 400 years.

What is CDS? Not being snide: I want to learn things and this doesn't help.

Left to guessing I suppose CDS is a measure of non-utilization of rolling stock. It might relate to fuel consumption, though, or track utilzation..

Buffett's Betrayal

Simple: if your money is to be taxed at the 50% rate on your death, you can get around that tax by taking the same money and purchasing a life insurance policy payable to your beneficiaries (not your estate, rather to them as individuals). The beneficiaries receive such funds outside the estate and the proceeds are not taxed.

The insurance company gets a premium, of course, but less than that big tax bite.

And the owners of the insurance companies profit at the expense of the public purse. (Of course those profits are taxed, but for the original policy owner's family it's a great deal.)

Clever, these lawyers, aren't we?



On Aug 05 05:38 PM stev53e wrote:

> I'm curious - how did his insurance business benefit?

Cramer's Lightning Round - The Best Performing Natural Gas Stock (7/29/09)

It means he's not sure. Just like the rest of us.

Bing Attracts New Searchers, But So Far Only For a Trial

I am, as the old often are, very skeptical of the new. New and Improved Computer technology, often as badly oversold and as useless as idyllic South Seas plantations in garden spots like Borneo, has earned my skepticism. Yet I am very impressed with Bing so far. I think it is superior to Google in many respects (at least as to the search engine component). In fairness, Google is superior to Bing in some respects (add ons like Books).

This is going to be very interesting. Professional arm-wrestling.

Somebody is going to get hurt.

But not you and I.

Wall Street Breakfast: Must-Know News

Obama reminds me of Henry IV with a dentist and teleprompters (and seemed a little at sea today without them - less ability to give you that high-chin quarter pose.)

A bit toungue in cheek: the point is that human nature never changes. To rule is to tell other people what to do. To rule successfully is to make those other people think what you are doing was THEIR idea all along. Thus: never waste a crisis.

The sound of democracy dying is a thunderous applause.