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Joe2922

Joe2922
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  • Larry Summers: Fed destroyer or just another slave to the system? [View news story]
    I think they've all been fools since Volcker. This is a sham laughing stock the way they continually bail out the big banks using rates and policies, QE, and trying to manipulate asset prices which of course they cannot do forever. Either this current market decline will turn into a strong year-end rally or it will morph into the next secular bear market. We should know for sure by October, here are the two plausible scenarios:
    http://bit.ly/WpVqYk
    Aug 31 08:49 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    wow, Mo, you're a real conspiracy theorist! Tell the dead and their families there were no chemical weapons. Saddam had 6+ months warning from Bush, so he took all the WMD out of the country. Many went to his pals in Syria. U.S. does not need nor want any new war.
    Sadly many believe nonsense because they read it on the net, so it must be true, right?
    Aug 30 12:57 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I think rates are going to kill the market and the economy, the coiled spring effect should be strong. This analyst agrees, and shows how HYG is the canary:
    http://bit.ly/WpVqYk
    Aug 30 12:11 PM | 1 Like Like |Link to Comment
  • CNBC ratings slump gets worse [View news story]
    CNBC is waning because of the idiots like Cramer, mostly. He is a spastic buffoon who screams and rants but has nothing of any value to say. I've written to them many times to get that clown off the air. Ratings are usually good in a bull market, so they have a strong bias toward a rising market, and when they do let a Bear on, they shout him or her down with sarcastic insults.

    One minute snippets with little facts is not helpful to viewers. Anything in the news they beat to death ad nauseum. I wonder if they'll read these comments under this piece? There is a lot of value they can provide with a large audience, yet they insist on fluff and permabulls talking their books.
    Aug 29 08:17 AM | 1 Like Like |Link to Comment
  • S&P 500 Has Reached A Near-Term Top [View article]
    I'm working on my 3rd million, I gave up on the first 2!!
    Aug 17 02:37 PM | 4 Likes Like |Link to Comment
  • Q4 estimate cuts still to come [View news story]
    Looks to me like market has much farther to fall either fast or in an up/down fashion. All the bearish elements have lined up including a cluster of hindenburg omens with an 85% hit rate:
    http://bit.ly/WpVqYk
    Aug 17 12:38 PM | Likes Like |Link to Comment
  • Why Stock Prices Are More Stretched Than You Think: A Tale Of 3 P/E Multiples [View article]
    Good points, A in P, what will earnings be and what will market pay for them?
    The fuzziest part is what earnings? Cash earnings? The earnings before bad stuff or the ones reported to IRS to minimze taxes?
    That's why I add technicals and sentiment to help timing of trades.
    I love a great bargain!
    Aug 17 11:52 AM | Likes Like |Link to Comment
  • S&P 500 Has Reached A Near-Term Top [View article]
    Bulkowski has a great website that shows his testing of chart patterns. Acompora, who has been very bullish all year and prior, now says bearish for the next 2 months with an end of year strong rally that may reach new highs. I prefer this SA technician who says we can't know that now, won't know until we see the tape during this correction which may lead to a new bear market. Barrons has a piece about estimates coming down for 2H. Where is that 2H recovery all the analysts forecasted last January? Here is the TA:
    http://bit.ly/WpVqYk
    Aug 17 07:55 AM | 1 Like Like |Link to Comment
  • Why Stock Prices Are More Stretched Than You Think: A Tale Of 3 P/E Multiples [View article]
    Thanks for the thorough article, it jives with what I've read elsewhere.
    Analysts were overly bullish last Jan., and now it's obvious that the second half recovery in revenues and earnings won't materialize. Share buybacks have really propped up the per share numbers, yet many cos. are buying their own stock at very high prices! Switching to technical analysis for a minute, the very bullish Acompora is now bearish for the next 2 months. He said expect a rally into year end which may reach new highs, but it's too soon to know that! I prefer this SA one, who says the end of year rally may not materialize, depending on the tape we see:
    http://bit.ly/WpVqYk
    Aug 17 07:48 AM | 2 Likes Like |Link to Comment
  • Seeking Alpha moves stocks [View news story]
    Report about the losers from SA Pro as well in order to gain credibility!
    Aug 13 01:49 PM | Likes Like |Link to Comment
  • NY Times examines Summers' bid for Fed chairmanship [View news story]
    They're all crooks.
    King Solomon said it thousands of years ago:

    "There is nothing new under the sun, moon, and stars"

    And it's still true.
    Aug 11 12:40 PM | 2 Likes Like |Link to Comment
  • NY Times examines Summers' bid for Fed chairmanship [View news story]
    I don't care if Tarzan gets the Fed Chair, I just want the punishment of savers to end. Stop QE, Stop manipulating interest rates, and follow the market the way the Fed has always done until Helicopter Ben took over. I don't think deflation is evil. What's wrong with lower prices?
    Ben is the evil one who punished the prudent, wise investors and savers as he rewarded the profligate who lived far beyond their means. Failure is part of capitalism. Stop changing the rules in the 7th inning. Ben bailed out the politicians as well. His happy money makes them think the economy and debts are in fine shape. The rich got richer, the middle class got poorer, and the poor get handouts while cheating - working under the table, profiting from illegal activities.

    FREE market capitalism. I miss it!!
    Aug 11 11:22 AM | 8 Likes Like |Link to Comment
  • Seeking Alpha fires a shot at Bloomberg, StreetAccount [View news story]
    I wish you'd stop forcing sign-in to read page two or 2nd half of articles. SA makes it impossible to cancel a membership. I prefer to read anonymously as possible, I know it can see my IP address. Keep the ability to search MC by symbol, and when searching SA by symbol, include MC in results.
    Jul 29 07:39 AM | 6 Likes Like |Link to Comment
  • 5 Reasons Why I Am Shorting The Market [View article]
    I'm shorting the market right now via TWM as of Thursday close, July 25; I feel good about this trade, looking for 10% gain, minimum, for a swing trade of a few weeks if it goes my way. I use fundamentals, technicals, and sentiment -- all 3 work, it's the artist, not the art, that matters. Why limit myself to one or two? Some may think only fundamentals matter, but what the market pays for earnings and cash flows varies greatly, and because stocks and markets are forecasting mechanisms, one needs to forecast what they'll be and what they'll pay for them. More art than science, imo.
    Jul 28 05:40 PM | Likes Like |Link to Comment
  • Goldman throws in the towel on its bearish case for TD Ameritrade (AMTD -1.5%) after a big run for the stock (+60% YTD), upgrading to Hold with price target raised to $27 from $19. The benefit of higher rates is likely baked into the stock at this point, says analyst Alexander Blostein, but the company should see accelerating EPS growth in coming years as rate-sensitive revenues have hopefully bottomed, asset gathering remains robust, and expenses are well-controlled. [View news story]
    Managers at Fidelity and Scottrade told me they are getting a lot of calls from amtd customers who want to switch because TDA is getting rid of Streamer in August. They don't want to support the "old" technology....pretty dumb since think or swim and trade architect lack what Streamer has, as well as its simplicity, ease of use. If TDA won't listen to its customers, let them find out the hard way when many leave.
    Jul 24 01:40 PM | 1 Like Like |Link to Comment
COMMENTS STATS
409 Comments
351 Likes