Zeon

23 Comments

    • Revised Upside Targets for Fannie and Lehman [view article]
      What are you advising your clients to do now, with FNM around $4. Back up the truck? Aug 20 06:37 PM
    • 10 Notes on the Current Market Fracas [view article]
      I bot BAC at $27 and it closed today at $32.35. I also hold FNM at $13.80 and I expect it to move into the black soon. Buy when others are selling and sell when they're buying. It still works. Jul 22 08:56 PM
    • Wholesale Threats to the Economy [view article]
      There is no short-term solution to the economic catastrophe that is starting. There are no financial mechanisms available to the Fed or Treasury that will cause home values to increase and oil prices to decline. As a result, we are at the beginning of a major revaluation of dollar-denominated assets and currencies. Forget gold. Oil is the new global currency. Because of increasing demand that is outstripping supply, you can assume it will hold its value over time, despite the daily ups and downs, at least for the next year while the economic chaos unfolds. Sooner or later we'll start seeing increasing unemployment and American consumers will lose what confidence they still have and go into hibernation. Globally, though, as long as they can obtain enough oil, other economies not infected with a credit crisis as has been the United States will gain ground as we lose it. They have only one major problem to deal with while we sink slowly under the weight of two. May 22 07:45 PM
    • Saving the Economy with IRA Funds [view article]
      It's not absurd to hold lenders responsible for lying, fudging numbers, etc. to get people they knew to be unqualified into mortage loans. You can hold the snake salesman responsible for his misdeeds. In fact, selling something using false pretenses can be construed as fraud and thus a crime. Certainly there was complicity among those who took on the loans, but they were the suckers. The lenders were the suckees.




      On May 14 05:36 PM Your Own Two Feet wrote:

      > Can we please stop throwing the lenders under the bus? It's patently
      > absurd. People make their own decisions. If they want to buy snake
      > oil thinking it's a miracle cure for cancer, so be it! If you can't
      > understand a loan document, title document, or any other document,
      > then don't sign it. The lack of responsibility and the rampant finger-pointing
      > in our country has gotten out of hand. Take care of yourself and
      > quit whining about your bad decisions.
      > The government shouldn't play big brother. We need to quit looking
      > at it to come and take care of the mistakes we make in our lives.
      > Grow up.
      > I think using pent-up savings to get debt free is a great idea, especially
      > with a built-in plan to repay yourself. It's self-sustaining and
      > a defined contribution to your own wealth.
      > For those who think that this idea bails out banks, try thinking
      > before you speak. Banks make money on loans. If you pay them off,
      > they make no money. This bad scenario is made even worse by that
      > fact that folks who probably haven't socked away enough money in
      > their retirement accounts to pay off the mortgage, and lack the discipline
      > to save in general, are the ones left owing the bank. So now credit
      > quality deteriorates due to strong borrowers being absent and balance
      > sheets shifting to those who are higher credit risks.
      > I think transfering retirement assets into your home is a great idea.
      > Now if only we can get rid of the property taxes that steal property
      > from the rightful owners, we might be able to make some progress.
      > I think it's kind of silly to work your whole life to have a home
      > that you own and is your shelter only to have it stolen from you
      > because your fixed income in retirement isn't sufficient to pay off
      > the extortion--but I digress.
      >
      > Neat idea, Stan!!!       May 14 08:10 PM
    • Sell in May and Go Away? [view article]
      They do it because Seeking Alpha publishes virtually anything. Apr 30 05:18 PM
    • Yield Curve Looks Like May 2003 Again [view article]
      The yield curve may point to an expansion, or it may not. Just another one of a million pieces of trivia which may or may not prove of value to investors. Apr 30 05:11 PM
    • Bandwagon Effects in the Stock Market [view article]
      Good work, thanks. Apr 18 08:37 PM
    • Customer Omega for the Airlines [view article]
      What's the incentive again for the airlines to change? People who fly expect great service and cheap tickets. More or less mutually exclusive concepts. You want cheap tickets, you get less service. It's a trade-off. You don't want to put up with the shoddy service take a bus. The Frontier bankruptcy puts a little blood in the water. Valuations are starting to look attractive. Apr 11 09:12 PM
    • Getting Ready for Apple's Q2 Earnings [view article]
      iPods are ubiquitous. Plus, you don't need $500 to buy one. Have to Wonderm goinbroke if you know anything about AAPL. Apr 11 08:56 PM
    • Fannie and Freddie: Massive Dilution On the Horizon [view article]
      FNM dropped 5 points this week. Don't see the "trading up" theme. Apr 11 08:53 PM
    • Wall Street Breakfast: Must-Know News [view article]
      Hummers account for a sliver of total vehicle sales.


      On Apr 08 11:21 AM bjlchem wrote:

      > As long as hummers and SUV's outnumber small cars on our roads gas
      > prices will go higher. Car pooling just needs to increase. Gas is
      > still way too cheap and wasted - look at those long lines at the
      > drive through.       Apr 09 08:17 AM
    • Play Defense With iShares US Aerospace & Defense ETF [view article]
      The next president will inherit a $3 trillion debt. He/she will inherit a costly war and the prospect of several years of financial uncertainty. The problem with empires is that eventually they become too costly to support. The U.S. has reached this point. Feb 25 10:42 PM
    • Friday's Turnaround: Raid on the Shorts [view article]
      Rumors have always played a part in the market. Nowadays they just get around much faster. I do agree there's a lot of manipulation going on, starting with the Fed on down, stopping just before it gets to the individual investor who becomes aware of it just after his chance to profit from it has left the room. Feb 23 04:32 PM
    • What Happened the Last Time Fed Funds Rate was 3%? [view article]
      Unemployment isn't very low. It's 4.9%. Consumer prices increased in 2007 the most in the past 17 years and wages declined 0.9% in 2007, the fourth decline in the past 5 years. Prices going up and wages down is not a good sign in a consumer society. Feb 03 08:26 PM
    • What Happened the Last Time Fed Funds Rate was 3%? [view article]
      Wages aren't rising in real terms. Don't know where you got that. Unemployment isn't very low. It's 4.9%. Consumer prices increased in 2007 the most in the past 17 years and wages declined 0.9% in 2007, the fourth decline in the past 5 years. Feb 03 08:25 PM
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