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mjc99

mjc99
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  • Fiscal Cliff: Let's Call Their Bluff [View article]
    Excellent article Ellen, especially about the bloated US defense budget. In 2011 the US spent more for defense than the next 13 countries combined! Yet, neither Democrats nor Republicans seem to issue a peep about reducing defense spending, which could have a significant impact on our budget problems.

    And, if we were to go over the "austerity slope", sequestration would only reduce planned future increases in defense spending, not actually reduce defense spending.

    It appears Dwight Eisenhower's farewell speech in 1961 warning about the military-industrial complex has gone unheeded.
    Dec 19 08:20 PM | 15 Likes Like |Link to Comment
  • Cramer's Mad Money - Great Companies Don't Make Excuses (10/17/13) [View article]
    Whew! I was wondering whether to sell AGNC. But now that Cramer says it is a sell, I definitely know I will continue to hold the stock.
    Oct 18 08:30 AM | 10 Likes Like |Link to Comment
  • June ISM Manufacturing Index: 49.7 vs. 52.0 consensus and 53.5 prior. Prices index 37.0 vs. 47.5 prior. Employment 56.6 vs. 56.9. Inventories 44.0 vs. 46.0. New orders 47.8 vs. 60.1.  [View news story]
    "ECRI is about 2-3 months early in their forecast".

    How is this early in their forecast. Back in Sept 2011 ECRI stated that the U.S. has already or is about to tip into recession. If ECRI keeps extending their forecast range, eventually they will be correct.
    Jul 2 11:06 AM | 10 Likes Like |Link to Comment
  • Spain And Italy's Faustian Bargain With Germany [View article]
    The author is obviously knowledgeable and writes passionately. He has been calling for an S&P target of 950-1020, however, since at least his Nov 14, 2011 article. The S&P is up approximately 8% since that post. If one had heeded his advice then and gone to cash, one would have given up significant potential gains.

    The author presents a compelling, rational case. But, as others have pointed out, the market is not always rational. Another SA author that I follow, Jeff Miller, advocates "taking what the market gives you". His advice has seemed to play out fairly well recently. Jeff believes the Eurozone will muddle through making necessary incremental changes to avert disaster. Time will tell which author is correct.
    Jul 1 10:38 AM | 7 Likes Like |Link to Comment
  • Taxes Don't Lie [View article]
    Scott,

    You argue for less government spending but this type of austerity has not seemed to help the EU. If the government hadn't stepped in to the extent it did, it seems to me that the result could have been much worse in the U.S..

    Also, you seem like an intelligent person but your continuous rantings against liberal government policies don't serve you well. In my opinion neither the Democrats nor the Republicans are worth my vote. I would suggest following the advice of fellow SA contributors like Jeff Miller: separate politics from investing and be politically agnostic.
    Aug 13 09:52 AM | 6 Likes Like |Link to Comment
  • These Charts Speak Louder Than Words [View article]
    Based on research conducted by Shigeru Fujita of the Federal Reserve Bank of Philadelphia:

    http://bit.ly/1f0c7XE

    Per Mr. Fujita: "Almost all of the decline (80 percent) in the participation rate since the first quarter of 2012 is accounted for by the increase in nonparticipation due to retirement. This implies that the decline in the unemployment rate since 2012 is not due to more discouraged workers dropping out of the labor force."
    Feb 15 09:22 AM | 5 Likes Like |Link to Comment
  • These Charts Speak Louder Than Words [View article]
    The Pew Research Center estimates that between 2011 and 2030, roughly 10,000 people will reach the age of 65 every day in this country. One of the graphs in The Financial Lexicon's article above indicates that almost 24% of people aged 65 and over are still working. This means about 76% of that age group is retired. So even if the participation rate for that age group were to continue increasing slightly, the absolute number of people retiring is growing ever larger.

    http://bit.ly/XwDWuf
    Feb 15 09:35 AM | 4 Likes Like |Link to Comment
  • Edwards hails "excellent" aortic valve trial [View news story]
    Wow! If "immortality was a very low 2.1%", I might be willing to take a chance with having the valve installed even if I don't need it.
    May 20 09:27 AM | 3 Likes Like |Link to Comment
  • Face-Off On Greece: An Interim Update [View article]
    Jeff,

    I think John Mauldin has some editing friends at SA. The text on your bulleted items is so large that they are difficult to read. And the last sentence of your article ends suddenly without being completed.
    Apr 9 08:44 AM | 3 Likes Like |Link to Comment
  • The Ticking Time Bomb Under The World Economy [View article]
    The info provided by Shareholders Unite indicates they are retired professors from Amsterdam. Last I checked, Amsterdam was still in Europe.
    Jan 2 05:25 PM | 3 Likes Like |Link to Comment
  • A Reply To Barry Ritholtz's Secular Bear Question [View article]
    You forgot to include that we survived eight years of George W. Bush whose policies certainly didn't help the US economy.

    I'm afraid there won't be a republican in the White House any time soon unless republicans finally realize it is a new era and that appealing mainly to old, white men is no longer enough.
    Feb 18 10:27 AM | 3 Likes Like |Link to Comment
  • Just What The Doctor Ordered: A Medical Office REIT Paying A Healthy 6.3% Dividend [View article]
    Thanks Brad,

    I wonder if you have any thoughts about why HTA's stock price has dropped since its NYSE listing? Because of the lower stock price, the dividend yield is higher than it otherwise would be.

    Do you think potential investors are turned off by the plan to unlock 25% of shares every 6 months?
    Aug 28 08:45 AM | 3 Likes Like |Link to Comment
  • 'Ending In Tears' Doesn't Mean The Market Goes Down Right Away (Part 2) [View article]
    "For now, the Fed and the ECB are throwing parties and there is no reason to enjoy them."

    Cam,

    I believe you may have meant to say ..."there is no reason not to enjoy them."
    Jul 1 09:29 AM | 2 Likes Like |Link to Comment
  • Weighing The Week Ahead: Expect Volatility, Not Clarity [View article]
    Jeff,

    Your fellow Seeking Alpha contributor Joseph Stuber posted a compelling argument today for a "dramatic" market sell off and wonders if maybe the time for such a sell off is now upon us.

    I was wondering if you might have read his article and, if so, what your thoughts were?
    Sep 1 06:46 PM | 2 Likes Like |Link to Comment
  • Strong Flip Bullish [View article]
    I wonder how well, if at all, the weekly survey results match the following month's S&P 500 performance?
    Jun 10 01:58 PM | 2 Likes Like |Link to Comment
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