Seeking Alpha

sean.parmelee

sean.parmelee
Send Message
View as an RSS Feed
View sean.parmelee's Comments BY TICKER:
Latest  |  Highest rated
  • Consider Disney And Dover Before The Market Recovers [View article]
    "It's the lesser known GE"

    Do they pay taxes?
    Sep 20, 2011. 11:57 PM | Likes Like |Link to Comment
  • Timing Greece's Imminent Default [View article]
    Rebounds to where? 11000? If stocks plunge another 10%, they're not going to be back at their July levels for a long time.
    Sep 20, 2011. 10:00 PM | 1 Like Like |Link to Comment
  • What elephant in the room? Pres. Obama's new deficit reduction proposal reportedly will leave out changes to Social Security, and may exclude any increase in the Medicare eligibility age. Obama "does not believe that Social Security is a driver of our near- and medium-term deficits," the White House says.  [View news story]
    Other countries do not do "perfectly well" and anyone who says so is willfully ignorant. America's healthcare system only fares poorly against socialized systems abroad if you rig your study so that it says what you want it to say. This is exactly the approach taken by the famous 2000 WHO study that is quoted so often, to this day, by the left.

    In ranking worldwide healthcare systems, the study placed the most weight on universal access to care. Since America does not offer universal care, it received a low score. This low score was then used to justify claims that universal healthcare systems are superior. This is blatant circular reasoning. Nowhere is the connection established that socialized systems produce better patient outcomes than free market systems--"better" is simply defined as "having universal access," so America loses by default.

    Another major flaw in the study is its failure to correct for violent crime, which is dramatically more prevalent in America than in virtually any other industrialized nation. It is absurd to suggest that victims of violent crime who do not survive somehow constitute a blemish on the quality of the health care system in this country.

    But really, the biggest problem with these sorts of comparison is that you're comparing health care systems in countries with vastly different demographics and cultural sensibilities. It makes about as much sense as comparing the "quality" of American cuisine with that of other nations. Our food reflects our values, which are different than those of other cultures. It's borderline solipsistic to say one sensibility is "correct."

    Finally, if you want to know why Americans spend so much more on health care, beyond cultural differences, look no further than the way health care costs are paid for. Most Americans with employer-based coverage have absolutely no idea what medical products and procedures cost because they're not responsible for paying. Everyone in America wants a Ferrari for a $20 co-pay, because this is the level of benefits they are accustomed to receiving. If you want to bring costs down and expand coverage, insurance needs to be de-linked from employment and made more like auto insurance. Instead of corporate HR officers negotiating coverage, discounts, and eligibility, individual people need to be making these decisions. People can see which plans offer what types of coverage, how high the deductible is for each, and so on, and make a decision based on that information. Under the current system, everyone gets a minimum-deductible, maximum-coverage plan for free, whether it's appropriate or affordable or not.
    Sep 20, 2011. 09:56 PM | 2 Likes Like |Link to Comment
  • The Number One Reason To Buy Stocks Right Now [View article]
    You're free to call the rep and ask to move your holdings to guaranteed vehicles. Many plans even allow you to do it yourself, online. This is what the "terrible investors" do near market bottoms. It has nothing to do with "terrible advice-givers"--most people have no actual experience investing, so they have no ability to keep their emotional reactions in check.
    Sep 20, 2011. 08:48 PM | Likes Like |Link to Comment
  • Gold's Drop Below $1,800 Tests Investors' Mettle [View article]
    And as of yesterday, gold was down more than 6% from its August peak. That was over a period of days. Don't tell me this doesn't get to weak-kneed retail investors.
    Sep 20, 2011. 08:43 PM | Likes Like |Link to Comment
  • Likely Greek Default Worries Markets [View article]
    "Stock prices will tank as wealthy investors, sell to capture capital gains at the current lower cap gains rate. As stocks dive, panic will set in and the whole market will crash."

    Calm down, Ned.
    Sep 20, 2011. 08:39 PM | 1 Like Like |Link to Comment
  • The Justice Department accuses former online poker site Full Tilt Poker of running a Ponzi scheme that allowed insiders to take out $444M in funds that were supposed to be held in player accounts. Court filings amending an earlier complaint accuse board members - including well-known poker players - of bank fraud, money laundering and illegal gambling.  [View news story]
    David, that's the best laugh I've had in a while. Thank you.
    Sep 20, 2011. 02:22 PM | 3 Likes Like |Link to Comment
  • Hope springs eternal, at least for the 20% of Americans who expect to become millionaires in the next decade despite the weak economy, according to a new poll. But 62% still believe it’s "very unlikely" they’ll reach the threshold by 2020. Two in 10 believe $1M is the minimum needed for a comfortable retirement, while three in 10 think $100K-$500K will suffice.  [View news story]
    People also think they'll live forever, despite 100% of the population having eventually died.
    Sep 20, 2011. 02:19 PM | 1 Like Like |Link to Comment
  • The Number One Reason To Buy Stocks Right Now [View article]
    I'm curious, DtR, would anything less than a new high cause you to close your short positions? I have a short position myself as well at the moment. The 1220 resistance appears to be holding for the nth time today, but I am concerned that a sustained break above the August 1230 peak would constitute resumption of the bullish trend. Your thoughts?
    Sep 20, 2011. 02:18 PM | Likes Like |Link to Comment
  • Could Gold Rise by 220%? [View article]
    I think it's fine for people to trade commodities and make money as speculation pushes prices up, but they need to be aware that that is what they're doing. This whole business of gold being the world's safest investment--never mind that it's not an investment at all--is going to burn a lot of people, real bad. Maybe not this year, or next, or even this decade, but it will eventually.
    Sep 20, 2011. 02:14 PM | 1 Like Like |Link to Comment
  • Hope springs eternal, at least for the 20% of Americans who expect to become millionaires in the next decade despite the weak economy, according to a new poll. But 62% still believe it’s "very unlikely" they’ll reach the threshold by 2020. Two in 10 believe $1M is the minimum needed for a comfortable retirement, while three in 10 think $100K-$500K will suffice.  [View news story]
    Why stop at millionaires? Gold will be worth $1,000,000,000,000,000 an ounce by the end of the decade.
    Sep 20, 2011. 02:07 PM | Likes Like |Link to Comment
  • Consider Disney And Dover Before The Market Recovers [View article]
    DIS's annual dividend is a definite minus in my book, but DOV looks like a good buy. Agreed that a holding conglomerate should not be down this much unless a recession is in the works. Thanks for the tip.
    Sep 20, 2011. 12:48 PM | Likes Like |Link to Comment
  • The "Buffett tax": the "least we should expect" from the wealthiest Americans, or "just another jobs-killer?" Millionaires would "not be discouraged from investing - on the contrary, they will be encouraged to invest" - or a step toward making the tax code "less efficient while raising little additional revenue?"  [View news story]
    Likewise.
    Sep 20, 2011. 11:55 AM | 1 Like Like |Link to Comment
  • Carbonite (CARB +4.1%) continues trading higher after the 6 companies responsible for handling its IPO coincidentally start coverage on the cloud storage firm with bullish ratings. Canaccord and Pacific Crest expect Carbonite to profit from the need to share and secure data spread out over multiple devices ... though the same could be said for larger rival Dropbox.  [View news story]
    Ha, thanks for the laugh, editors.
    Sep 20, 2011. 11:55 AM | Likes Like |Link to Comment
  • The Number One Reason To Buy Stocks Right Now [View article]
    A good contrarian indicator. Thanks for this piece.
    Sep 20, 2011. 10:50 AM | 3 Likes Like |Link to Comment
COMMENTS STATS
790 Comments
986 Likes