Send Message
View as an RSS Feed
  • Sequestration Thursday: Oh The Horror!  [View article]
    I tend to agree Jcarti, as far as long-term outlook. You cannot make gold from water (okay, let's assume pure water and not the oceans which contain tens of $trillions in dissolved gold), just like you cannot magically print money and say it has value.... corporate profits are up, but relative to the value of money, it is down, and that's one reason you may be seeing companies hoard cash, because they see the inevitable deflation coming--cash is king in deflationary environments!
    Feb 28, 2013. 11:59 AM | Likes Like |Link to Comment
  • The AAII Investor Sentiment Survey for the week ended yesterday shows the bulls melted away last week, falling 13.4 points to 28.4%. Bears gained 4.1 points to 36.6%. The survey clearly reflects the knee-jerk response to the perceived-as-hawkish Fed minutes (as captured with Dennis Gartman's classic "Sell" call).  [View news story]
    I doubt this is right or has any value. Everywhere I look people are still gidddy about this market.
    Feb 28, 2013. 11:04 AM | Likes Like |Link to Comment
  • Individual Investors! Get Your Share Of Profits From The Fed  [View article]
    Can I ask what happens after "many, many months?" Is it just a "profit-taking" correction, and then back up we go forever, or is it something much worse?
    Feb 28, 2013. 01:17 AM | 1 Like Like |Link to Comment
  • National gasoline prices - up $0.50 just in the last month - have hit the $3.75-$4.00 zone known in the past for being "problematic" for stocks, says BTIG's Dan Greenhaus. The most worrisome part, he says, is the increase has come before the demand of spring driving season arrives. Instead of worrying, why not go with the flow and buy the refiners?  [View news story]
    Yes, GO LONG ENERGY! Because we all know input energy costs have noooottthing to do with the cost of production, right? I think Goldman Sachs and the rest of the "investment" Cartel can't go a day without laughing at everybody.... they love the fact that the more they push up stock prices the more you guys buy!

    At least I'm hoping you will be smart enough to realize that when the NEXT stock market collapse happens, to stay away from stocks for at least a decade, maybe two.
    Feb 28, 2013. 12:57 AM | Likes Like |Link to Comment
  • Market recap: Stocks staged a broad rebound a day after the year's biggest drop, as Bernanke signaled Fed stimulus would continue. Home Depot led the Dow after its better than expected quarter, and home builders rallied on improved housing data (I, II, III). Gold staged its largest one-day percentage gain since November, rising 1.8% to $1,615.20, but oil futures marked their lowest settlement so far this year.  [View news story]
    That giant sell-off the other day attributed to another BS excuse out of Europe --when all else fails resort to rumors or even better, Europe--was actually an algo test by the guys who run the show (rules of supply and demand determining stock price don't apply since the guys behind your computer screen have access to an unlimited supply of stock, "purchased" with non-existent money)... a MUCH bigger selloff is in the works, but they really need you muppets to keep buying with your hard-earned REAL money first.
    Feb 26, 2013. 05:33 PM | 2 Likes Like |Link to Comment
  • Goldman Sachs (GS) plans to begin a fresh round of job cuts commencing as early as this week, reports Reuters. Thinning of the herd by about 5% is typical at this time of the year for Goldman, and it's likely the equities side will face larger cuts than fixed income (the opposite of last year).  [View news story]
    They are preparing for a renewed backlash against stocks. In about a year, the unemployment rate for stock brokers will be about 90%
    Feb 25, 2013. 03:53 PM | Likes Like |Link to Comment
  • U.S. stocks turn decidedly lower in the day's 2nd half thanks to the big turn in Europe on the Italian election results, or the maybe it's the President's borderline apocalyptic warnings should $85B be trimmed from the $4T federal budget. The S&P 500 -0.7%[View news story]
    Don't fool yourselves. None of this has anything to do with Europe. All of the news is after-the-fact (i.e., after the market has made its move for the day) spin jobs... for once, I'd like to see someone give me news I can use to make a trade. Then again, the Market Cartel wouldn't like that very much.
    Feb 25, 2013. 03:47 PM | Likes Like |Link to Comment
  • Sorry Bears, We're In A Secular Bull Market  [View article]
    Yes the economy is improving but only because free un-backed fiat is pouring in at record speeds. This is a last hoorah of the US stock market F-O-R-E-V-E-R. This will be the final top until we invent something along the lines of time travel.

    Get in while the gettin's good, but beware they will pull the rug out before YOU can jump off!
    Feb 23, 2013. 10:50 PM | Likes Like |Link to Comment
  • Amid worries that rising gasoline prices are on the verge of pushing the U.S. into a recession, an MIT study makes the case for even higher taxes at the pump. If the goal is to get Americans to drive less and use more fuel-efficient vehicles, and to reduce air pollution and greenhouse gases, the study says higher gas taxes are at least six times as effective as stricter fuel-economy standards.  [View news story]
    Academia = narrow-mindedness

    Top academic institute like MIT = maximum narrow-mindedness
    Feb 23, 2013. 10:43 PM | 4 Likes Like |Link to Comment
  • If You Think Microsoft Is Dying, You Need A Reality Check  [View article]
    The ONLY great product Microsoft EVER came up with is NOTEPAD. It's the one thing that DOESN'T crash!
    Feb 23, 2013. 02:27 AM | Likes Like |Link to Comment
  • Which Way Wednesday: Over Or Under S&P 1,520 Tells The Tale  [View article]
    Gas prices are about to surge past $4 avg nationally. People have already STOPPED shopping (my wife and I have, at least, as well as many we know) because of even a minor cut in our paychecks. The problem is we, as middle class consumers, have seen this movie before, and this time, we're not sitting around for the closing credits.

    Without us spending, the bigwigs make NO money. Corporate insiders have been selling stock like there is no tomorrow. They know the deal as well. I don't think this market lives a day past March, but of course, I suck at predicting, so please ignore this post entirely.
    Feb 13, 2013. 11:54 AM | 4 Likes Like |Link to Comment
  • Thursday Thrust: Can $85 Billion A Month From The Fed Top 14,000?  [View article]
    Great stuff, Phil. I will have to disagree on the point about this new Tablet economy tho--I think instead we are heading into a Data Economy. Tablets have been around a long time, I was selling them as a 20-something unambitious college grad back around 2001-02. Problem was, the marketing by Microsoft was pisspoor then and it never caught in. Tablets are more hype than anything else, as they are caught in no-man's land--not nearly the kind of power of a workstation PC and much less portable than a smartphone. They are mostly for entertainment and BS salespeople.

    The bigger deal is that we now have more information moving thru the Internet in a single day than we had total, all-time just a few years back. There will be much demand for sifting thru all of that data and extracting valuable information, on everything and everybody. Every time your pet bird farts, somebody will be trying to get data from that event and figure out how to use it to sell you something.

    And now, everyone is freely giving up access to pieces of their personal information in exchange for the ability to download a "free" app.... and people wonder how companies can afford to give away these apps for free. It's all about the DATA, folks.... that two week hiatus you took from Facebook will get reported to some insurance company somewhere and your premiums will go up because you may now be slightly more of a "suicide" risk.

    But even this new era is more of an evolutionary step from the Internet Era rather than a revolutionary one, and we need revolutionary breakthrough technologies for our national productive output rate to increase in nominal terms.
    Feb 7, 2013. 05:02 PM | Likes Like |Link to Comment
  • 2012 Review: Why Stocks Rose, Where I Was Wrong And What I Would Do Different  [View article]
    I'm really not interested in any of this feel good talk. All I want to know, just straight to the point is, how much money did you lose from 2011-2012, James?

    Personally, I lost much more than I care to admit, mostly because I, too, had all the economic stuff figured out and followed smart guys like James selectively only because their opinions coincided with my own (and hence, I must be smart too, right?). On the bright side, my tragic experience the past year FORCED me to learn what the stock market is all about. It certainly is not based on any economic reality. The ACTUAL reality, the one that nobody cares to think about, much less admit to--much like facing the fact that there very likely is no such thing as "God"--is that "the market" is just one big show, designed by its Creators with a singular purpose: to funnel money away from the masses and into the hands of an elite few.

    Nothing else matters. You buy when most hate stocks and you sell when buying is at a fever pitch. It is so simple and so foolproof--and you never have to know a thing about the actual economy or ever have to read a single financial statement. So when it comes to trading, use the K.I.S.S. method.
    Feb 7, 2013. 03:01 AM | 3 Likes Like |Link to Comment
  • The Next Secular Bull Market Is Still A Few Years Away  [View article]
    I LOVE Misho's comment. All of his supporting premises are EXACTLY what Wall Street has spent the past few years trying to manufacture and convince the masses of, and I am now seeing some of the best traders ever really buy into this feed, hook, line and sinker.

    The author is absolutely correct about bull & bear markets, and this ugly bear has one last vicious bite left in him--one that will tear your hearts out. Most bearish folks are now in hibernation and bullishness is seemingly starting its final ascent, the question is, where is the top? I think I have a good idea, and the only place I disagree with the author is that the violent correction will start in March, not May.
    Feb 7, 2013. 02:29 AM | 4 Likes Like |Link to Comment
  • Wednesday Wheeee! Oil $95.50 And Falling  [View article]
    I sure don't know much about trading, but I do know you sell when everyone is greedy. IMO, the smell of greed is really thick right now, but I have nothing substantive to base that on, other than anecdotal survey-type information and Wall Street issued data concerning bull:bear sentiment (yeah, I trust that). The bottom line is this economy is based on NOTHING and has been that way since even before the BernanK turned into a madman printing machine...

    I still believe you can't just print your way to prosperity--if so, we should all quit working, doctors, scientists, engineers, teachers, cops, everyone and demand the government just issue more bonds to be bought by Mr. B and Co., and use the revenue generated to cut us all nice fat checks at the end of the month. The question now is, will there be another big run before reality comes calling?

    If it were almost anyone else other than Phil making such a call, I'd call BS, but you have to be crazy to doubt Phil's judgement... I'm playing long here, but stops are tight and all positions get sold by the end of each trading day (I'm not going to be the one caught when when Dow futures are suddenly down 500points one morning).
    Feb 6, 2013. 01:33 PM | 1 Like Like |Link to Comment