ari5000

If This Is a Recovery...

Priced in gold, David Rosenberg's prediction of 600 by Oct. 2009 is not that far off...

Understanding the Dollar Debate

If the dollar crumbles, it's not so bad for wealthy people with actual savings -- they can invest in gold / stocks and become wealthier.

For the majority however, they can't take advantage of the destruction of purchasing power. In fact, the bottom 80% of our country or so will be severely punished by a diminished quality of life as oil, health care, food prices slowly rise. I doubt anyone's getting a big pay raise. Social Security recipients are receiving no COLA this year.

How come after every crisis, the guys who work for Goldman and all the bank CEOs make out like bandits and the national debt (paid by the plebians) just grows and grows?

Rome tried this whole thing out a long time ago. It didn't work then, it won't work now. Why should it? It's the same road to collapse. It'll take a long time of course. They'll drag it out. But the result will be the same. I think people keep expecting gold to spike to 10,000/oz and stocks to collapse but I see just a slow and steady decline. Right now stocks are heading up with the global money printing. It's the ABD trade (anything but dollars). But there will be violent plunges because even AMZN at some price in the 200s is probably riskier than holding a dollar.

It's all been tried before. Politicians work for one class of people. The rich will be fine. Just make sure you're rich. Otherwise this country is not going to be a fun place to live anymore.

Are You Prepared for an 800-Point “Blowoff” Day?

i figure the guys loaded up on inverse ETFs should start squawking right about now... pain is getting intolerable.

UUP up huge today and still no significant selloff... being short just no fun anymore.

Barnes & Noble: A Sale on BKS

Interesting idea -- hope it tanks on a market selloff. I might just buy some.

Travel Centers of America: Rare Value Investing Opportunity

and it's back to the 3s....


awful pick for anyone except fast traders. Just didn't do careful analysis at all... markets at new highs... this thing tanks.

Bofi Holding Inc. Sidesteps Global Financial Crisis

great work as usual. Not a fan of banks either...

While Goldman CEO Lloyd Blankfein understands that "people are pissed off" with bankers, he says everybody should be happy: "Companies are looking to grow again and raise money. That's where we come in. The financial system may have led us into the crisis but it will lead us out."

Lead us out?

How do these finanicial companies lead? Lead in what? Creating jobs? Adding value to our society. They lead in enriching a few upper management employees to millions and leaving the rest of the country saddled with enormous debt.

Today's late morning selloff coincided with the House Oversight hearing on commercial real estate. Fed's John Greenlee sent a chill through markets when he said (.pdf) banks remain at risk of "sizable additional credit losses" given the outlook for production and employment, adding, "Poor loan quality, subpar earnings, and uncertainty about future conditions raise questions about capital adequacy for some institutions."

guy has no business saying truthful things. Just ruins everything.

Grantham. Greenblatt See Value in 'Quality': 10 Guru Strategy Stocks

not much growth on the list.

probably will get a whole lot cheaper during the correction phase.


Magic Formula screen is one of those systems like Dogs of the Dow which has had its day. Now it's just a broken system that will deliver good but not beatable results going forward.

China in a Bubble?

CIT a failure:

U.S. stocks, especially financials -- are 100x more overvalued than most Chinese stocks.

But a little less so after Bloody Monday... coming your way in tomorrow.

ChiNext Launch Should Boost China Small Cap Index

job losses? Why do job losses in America mean the markets have to go down?

There's a lot more to the global economy than America. The world can probably grow quite rapidly with 20% of the U.S. population unemployed. GS employees and the top 10% are getting richer every day -- there will be no big drop in U.S. consumption as everyone thinks. People keep focusing on the trees and miss the forest.

Ken Lewis, outgoing BofA (BAC) CEO, will receive no salary or bonus for 2009 - and will have to repay more than $1M already earned - due to demands by pay czar Kenneth Feinberg. Lewis will keep a retirement package worth between $69.3M and $120M, though.

69 million retirement package....

They really stuck it to the man this time.

Suck on that, Mr. Lewis.

Richard Bernstein, former chief investment strategist for Bank of America, now says he "underestimated the rebound" after his March 23 advice to sell bank stocks. Indeed: Seventy-nine banks, insurers and investment firms have gained 155% since March 6. S&P Financials were up 3.4% yesterday to lead the stock rally.

BAC employees -- at least they're consistent. consistently screwing over clients

COMMERCIAL REAL ESTATE COLLAPSE

if the dollar loses 50% more -- REITs can double.

Cramer's Stop Trading! HMOs Are Terminally Ill (9/30/09)

I think history shows doing the exact opposite of Cramer's ideas outperforms following them.

Anyone still long BSC?