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  • James Kostohryz Positions For 2012: 100% Cash The Only Way To Play This Market  [View article]
    Web....that's why he sold his ~170 million ounces of silver ( I think it was) a couple years befor it nearly hit $50, costing him billions.
    Dec 22, 2011. 03:04 PM | 2 Likes Like |Link to Comment
  • "Real" interest rates, which are negative after dropping from over 3% in 2008, should theoretically "help encourage companies and consumers to borrow," writes MarketBeat's Matt Phillips. In practice, "companies have tons of cash, thanks," while many consumers aren't interested in, or able to, take advantage.   [View news story]
    "more debt will only exacerbate the cancer we are slowly dying from and Bernanke and his poison QE will only speed the death "

    Isn't this actually what the banksters want? When the whole world owes everything to the banksters, then the banksters own the whole world....that's their objective - lakes, rivers, streams, mountains, people things, buildings, etc, etc, etc.

    The only way to win this game (shades of War Games) is NOT to play. Chck out of the bankster system.
    Dec 22, 2011. 02:59 PM | 1 Like Like |Link to Comment
  • James Kostohryz Positions For 2012: 100% Cash The Only Way To Play This Market  [View article]
    If you stand there with your bat on your shoulder you will strike out EVERYTIME......

    EXCEPT.... when the pitcher throws 4 balls out of 6 pitches.

    If the investment climate is throwing more balls than strikes, perhaps a little reluctance is in order.
    Dec 22, 2011. 10:41 AM | 3 Likes Like |Link to Comment
  • James Kostohryz Positions For 2012: 100% Cash The Only Way To Play This Market  [View article]

    And if you know what to do all the time, you should be making money hand over fist and have no reason to waste your time here. There is no such thing as 100% certainty in either direction or with any single transaction. You are betting every time your know more about what's going to happen than the guy on the other side of the trade.

    In an environment of uncertainty, where there are huge downside potentials, I have no problem "betting" that the expected value of the outcomes will be lower prices. Then I will happily take my cash and buy at some point when I perceive that the expected value of the outcome will be higher prices. Meanwhile, my cash has been earning risk free 3% +.
    Dec 22, 2011. 10:37 AM | 2 Likes Like |Link to Comment
  • The Plight Of The 1%  [View article]
    hasapiko....if you and the government toadies could actually "save" anything you might find some followers. However, the government, with it's taxing ability is nothing more than a force for wealth destruction. The act of taxing is the destruction of previously created money.

    If there were an "enlightened" few in the government who could actually use tax revenues to "create" something of value, then perhaps the "rich" wouldn't mind paying more taxes. However, the toadies have demonstrated over and over again that they are clueless to the idea of "Return on Investment" and they are much more willing to pay 99 weeks of unemployment, than to pay for someone to go to school for 2 years and learn a skill that will get them a job.
    Dec 22, 2011. 10:27 AM | 1 Like Like |Link to Comment
  • James Kostohryz Positions For 2012: 100% Cash The Only Way To Play This Market  [View article]
    I thought the "Central Banks" have been fighting for the past 3+ years? I guess we'll have to wait a little longer, despite the fact that Bernanke tossed the gauntlet to the federal government in Jackson Hole saying that he had run out of ammo and it was time for fiscal stimulus.
    Dec 21, 2011. 11:14 PM | 1 Like Like |Link to Comment
  • The latest word from DC is that a payroll tax cut deal isn't far off. House Majority Leader Eric Cantor tells CNBC that "big differences" have been whittled down as a harsh jump to a 6.2% rate from 4.2% sits only 12 days away.  [View news story]
    7footMoose.....or "save" 600,000 jobs.

    So the payroll tax cut is an automatic reduction in SS payments, which are "borrowed" by the US to fund general ops. That simply means "revenue" is down by 2% of payroll, adding to the deficit....what was it $150 billion or so.
    Dec 21, 2011. 07:12 PM | Likes Like |Link to Comment
  • It's official (at least according to Zero Hedge): The U.S. debt-to-GDP ratio now exceeds 100%. U.S. debt net of all settlements for already completed bond auctions today surpassed the latest annualized GDP figures, based on ZH's numbers.   [View news story]
    Jeremy....regardless of the stardard, the Debt number is ginormous. Now I happen to hold the opinion that it doesn't really matter in the case of the US. I would just as soon see the US Treasury print up about $15 Trillion in $10,000 bills and redeem all UST's. Then maybe we'd get some money moving towards a more productive investment. Not like we're going to really grow an economy investing $1.5 T a year in new Treasuries.
    Dec 21, 2011. 06:38 PM | Likes Like |Link to Comment
  • Where Have All The Gold Bulls Gone?  [View article]
    One gold bull (me) is about to convert gold to silver at G/S ratio of 55 or 56 to one. Of course not all....just some.
    Dec 21, 2011. 06:36 PM | 3 Likes Like |Link to Comment
  • U.S. Treasuries To Be Avoided At All Costs  [View article]
    But there will be NO pickup of consequence in general economic activity. There are too many anchors dragging behind the boat. We'll be lucky to have 1.5% GDP growth over the next 5 years, unless you can tell me some reasonable explanation of what will change. Employement won't change until business see increased demand. Demand won't change until wages increase or employment increases....guess what, it's called the spiral of death. Negative reinforcing feedback.

    With 1.5% GDP growth, you can bet we'll easily add another $6T to $7T in deficits to the $15T debt. So without an increase in interest rates, carrying cost wil increase 40 - 50%.
    Dec 21, 2011. 05:11 PM | 1 Like Like |Link to Comment
  • The Plight Of The 1%  [View article]
    153972: Both you and Mary and many others have your finger on the pulse of the patient, but you are only providing me and everyone else with vital stats. You say the patient's temperature needs to drop or something bad will happen. So your diagnosis may be correct but you don't provide a remedy.

    Others on other SA articles suggest wealth tax, inheritance tax, etc. What they are saying is that the wealthy need to be punished and have their wealth taken away from. Somehow that will make the 99ers feel better, though you and I know it will clearly do NOTHING to change the lifestyles of the 99ers. The 1%ers don't have sufficient wealth to do that. So their remedy is like a kid without a cupcake taking one away from a kid that has one and smashing it. Equal deprivation.

    The Russian revolution led to communism and the failed state of the USSR. Despite enormous natural resources, the concept of equal deprivation was felt by all but the high level party members who were the only ones to have a car and a dacha on the lake. They were the equivalent of 1%ers.

    If the people who vote can't make the politicians who are supposed to represent them respond, then nothing will change. The politicians have this concept you have seen in disaster movies called "continuity of government". They own the police, the armed forces and all the resources necessary to ensure their survival. The wealthy own Gulfstreams and Yacht's and residences all over the world. Before the sick patient gets up off his bed in one last rage of hysteria, the wealty will have evacuated, and I suspect you find few members of the armed forces who will renounce their "sworn" duty to defend the establishment from enemies foreign and within.
    Dec 21, 2011. 05:05 PM | Likes Like |Link to Comment
  • Tim Tebow, Social Mood And The Future Of U.S. Stocks  [View article]
    Yea...but what would they do with it, just buy their shares back?? That may not be bad, if get's into hands of shareholders....maybe they'll spend it.
    Dec 21, 2011. 02:20 PM | Likes Like |Link to Comment
  • The Plight Of The 1%  [View article]
    Mary....and your disgusting ignorance is showing. I don't care if the legislators do the bidding of whoever. If you don't like them vote them out. The 99ers voted in Obama, they can vote out the "legislators that do the bidding of the lobbyists". If the 99ers aren't capable of imposing their will at the voting booth, then their inability and ignorance will get them nothing but what they already have.

    As for the troops, I support them. My dad was 28 years in the USAF. But I also believe we have no business being the world cop. So bring all the troops home. That's right ALL of them.

    And you still didn't even begin to offer your definition of "fair", because you don't have one. You only feel one.
    Dec 21, 2011. 12:30 PM | Likes Like |Link to Comment
  • Jamie Dimon joins billionaires to defend themselves and the 1% against "acting like everyone who’s been successful is bad and because you’re rich you’re bad." Josh Brown's retort: "No, we don't hate the rich. What we hate are the predators... America hates unjustified privilege, it hates an unfair playing field and crony capitalism... it hates rule changes that benefit the few at the expense of the many."   [View news story]
    "The issue is those who use the power of money to make more money by gaming the system, looting and plundering, causing losses to others in order to create profits for themselves, without creating anything of value. "

    The statement of the problem according to you.

    "The missing piece of the puzzle is a wealth tax. Middle class Americans are subject to a property tax on their largest asset, the home, about 1.7% annually where I live."

    The statement of the solution according to you.

    So why not enforce and create the laws that prevent the gaming and looting of the system, instead of stealing what doesn't belong to you or the government.
    Dec 21, 2011. 09:01 AM | 2 Likes Like |Link to Comment
  • Tim Tebow, Social Mood And The Future Of U.S. Stocks  [View article]
    And that's what we are missing. Where are the leaders standing up and saying, "This is what we need to do!" Where are the brains suggesting approaches that will change the paradigm? Where are the business roundtable guys saying here is a formula for change?

    I would totally support a fiscal stimulus program of $5 Trillion. The only problem is I would totally NOT support the dunces in DC being the ones who determined the investments to be made that would produce a "return" to the taxpayers in the form of jobs, productivity, reduced dependence on foreign oil, lower cost energy, sensible transportation initiatives, etc.

    Give me a President who can gather the best minds in the country to come up with the Economic Plan for 2020. Pick the winning technology initiatives. Support (subsidize extensively) those educations that will be required to make it happen. Kennedy said we want to put a man on the moon. Who will say we want to create the greatest economy in the history of the world?
    Dec 20, 2011. 11:13 PM | 1 Like Like |Link to Comment