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Retired Colonel

Retired Colonel
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  • This Is Not A Game The Federal Reserve Wants [View article]
    "Federal Reserve officials are giving forward guidance these days and this makes the Fed look like it doesn't know what it is doing, OR, looks like it is 'spineless'."(Emphasis added.)

    I disagree. Up to this point, the Fed has convincingly looked like it doesn't know what it's doing AND looked spineless while just talking about it.
    Aug 30, 2015. 10:00 AM | 4 Likes Like |Link to Comment
  • Are You Selling The Drama Or Buying The Rally? [View article]
    Can someone please explain why these very important officials at the Fed just can't keep their mouths shut?

    Throughout my career, I worked for a lot of talented individuals who had a very great amount of authority and responsibility, and I can't remember even one who had this particular behavior disorder. Speculating every few weeks about what the Fed might or might not do regarding raising rates is not productive for the market nor particularly helpful for the average investor.

    I suspect it has something to do with an ego which is reinforced when the entire market is moved by the power of a loose tongue and a few words. It reminds me of watching a three year-old tormenting a bug. Except you expect it of a three year-old.
    Aug 27, 2015. 07:49 PM | 9 Likes Like |Link to Comment
  • Avoiding Portfolio Panic During A Sell-Off [View article]
    On the other hand, I suppose "Enjoy your flight," might be the last thing you hear your flight attendant say as the pilot runs past you down the aisle trying to buckle his chute. Enjoy the flight.
    Aug 24, 2015. 09:08 AM | 3 Likes Like |Link to Comment
  • If You're Gonna Spew, Spew Into This! [View article]
    Thanks Adam, for an outstanding perspective from a very smart guy.

    I once heard a story about an event when Christopher Columbus returned to the Spanish court after discovering America (probably a fable). The Spanish Queen made a remark that Columbus' voyage of discovery was easy. Columbus asked the queen's page to balance an egg on its end without holding it. After several tries, the page gave up in utter defeat. Columbus then took the egg and gently crushed an end of the egg into the table top; and there it stood. Columbus then addressed the page and the court and said, "See, it's easy when someone shows you how to do it." Adam, you and Columbus have a lot in common.
    Aug 23, 2015. 09:34 AM | 4 Likes Like |Link to Comment
  • A Bear Market Has 2 Phases [View article]
    This has been a good lesson on why we should all teach our children that the use of personal attacks against anyone with whom we disagree, rather than focusing on the merits, is not particularly productive.
    Aug 22, 2015. 05:48 PM | 8 Likes Like |Link to Comment
  • The Fed Needs To Stop Talking [View article]
    In my opinion, for whatever that's worth, Janet and her crew lack the courage to increase rates even if somebody on the team knew it was the best thing for the economy in the longer run. And I've been saying that for a long time.
    Aug 21, 2015. 09:47 AM | 2 Likes Like |Link to Comment
  • Carsten Ringler Makes The Basket Case For Gold Equities [View article]
    Thanks for your opinion on silver. I would be interested in your read on Silver Wheaton (SLW), a different kind of silver company.
    Aug 21, 2015. 09:19 AM | 1 Like Like |Link to Comment
  • A Bear Market Has 2 Phases [View article]
    Reel, it's okay, you're still entitled to you opinion.
    Aug 21, 2015. 08:57 AM | 1 Like Like |Link to Comment
  • A Bear Market Has 2 Phases [View article]
    That should have been "reversion." Thank you spell check.
    Aug 20, 2015. 11:49 PM | 1 Like Like |Link to Comment
  • A Bear Market Has 2 Phases [View article]
    Hi Reel,

    You’re correct that a common definition of “mean” is “average;” if that's what you meant; putting it very simply - the total divided by the sum of the parts. But that word has at least eight different definitions.

    In any case, the oldest and original was not what we would call an “average.” It also means “equally far from two extremes.” That definition is derived from the old French "meien," a variant of moiien “mid,” from the Late Latin medianus, meaning "of the middle.”

    So as the market, index, or stock varies either well above where it should be, as it appears to be now, or well below that point, as it apparently was in 2009 for example, it will experience pressures to return to its "rightful position" based upon all of the technical forces, world events, conditions and investor bias of the day. This morning's action may be just one example of this pressure and movement.

    And "revision," can, of course, mean: "to return to its previous state or position."

    So please excuse my being so academic in a forum such as this, but I hope this helps you.
    Aug 20, 2015. 09:42 PM | 1 Like Like |Link to Comment
  • A Bear Market Has 2 Phases [View article]
    Mellon and Run, you both probably define what the mean should be every time you make, or don't make, a move in the market. It's simply where a stock, index or mutual fund should be based on judgement, including fundamentals among all other considerations. If the price is too high, most people either sell or don't buy; if the price is too low, they buy or hold.

    Oh, by the way, this AM the S&P is reverting to where it should be at the moment in the minds of the the majority of investors. Hang on and fasten your seat belts.

    You folks are over-thinking this. Think about it, or, on second thought, maybe you shouldn't.
    Aug 20, 2015. 01:35 PM | 11 Likes Like |Link to Comment
  • A Bear Market Has 2 Phases [View article]
    Reel, on the other hand, and until further notice, everyone is entitled to their opinion. And that includes each of us, even in the 21st century.
    Aug 20, 2015. 10:46 AM | 19 Likes Like |Link to Comment
  • A Bear Market Has 2 Phases [View article]
    Good article, Eric, and very timely. There are only three certainties in life: death, taxes and reversion to the mean. We're about to see the third, and it will, for some, feel very much like the first two.
    Aug 20, 2015. 08:49 AM | 22 Likes Like |Link to Comment
  • Yet Another Bearish Sign For Gold: Venezuela [View article]
    Let's put this into prospective, assuming, for purposes of argument, that the author is perfectly correct. How much bullion does Venezuela own versus the world total, and what China and India seem to regularly trade?
    Aug 17, 2015. 09:12 AM | 2 Likes Like |Link to Comment
  • Canaccord Genuity's Joe Mazumdar Tells Gold Investors To Go Underground To Survive [View article]
    Thank you.
    Aug 14, 2015. 08:37 AM | 1 Like Like |Link to Comment