Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Ya think people devoting their lives to the pursuit of their next quarterly bonus check will do to AAPL what they've done to WMT?
Naturally. I only thought about making a last buy at 1.65 yesterday. If I'd done it, we'd be bouncing off 1.50 again.
Now I understand that the Governement had to step into the system a few years ago to restore confidence,
If they wanted to restore confidence, they could have had the FDIC take over the failed banks, nationalize them until they got back on their feet, and then IPO'd them. Then we would see that the punishment for running a 'too big to fail' company into the ground was that you lose your job and the shareholders who hired you lose their company.
Instead, we learned that if you are big enough, you can make system threatening trades and the taxpayers will reward you by paying for your losses. That made me lose what little confidence I had previously held in my so-called 'government'.
I'm watching.
Good thing I'm not trading, that dip the last couple of minutes caught me by surprise.
..because releasing information about your 3 year old trades gives your competitors an unfair advantage over you?
On what topic, do you have one in mind?
S&P's primary worry is that the U.S. may not summon up the political will to pay its debts.
Interesting way of looking at it.
I don't want to pay them. Do you want to pay them (with your own money)? If a lot of people don't want to be the ones paying, then you end up with political resistance to paying.
How about this:
Hop in your time machine, and buy TQQQ here, ready to sell at NDX 2100:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66345974
Then by SQQQ here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66346655
No, I do not approve of them accelerating trashing the dollar for the past three years, nor the trashing for the 8-10 years previous to that.
Nor do I think it's my government's job to borrow my grandchildren's earnings, hand them over to the too big to fail banks, and hope that props up the DOW.
It magnified the inevitable downside.
Well, spending our way to prosperity for the last three years didn't help things any...
Does that mean it's time to by Chinese RTOs?
NQ's finally looking higher to me.
Would a billion marks be 1,000,000,000, or 1,000,000,000,000?
http://www.cointalk.com/t25945/
What's kicking NDX in the teeth?
GOOG and AAPL aren't doing that poorly (but it does look like Mr. Market isn't thrilled with the Motorola purchase).
Think we'll have billion dollar coins by 2023?
Revenge of the RTOs (or, how to get your ass handed to you investing in Chinese reverse mergers).
http://wallstreetbean.com/revenge-of-the-rtos/
No way around it, this was a crappy report. Sure, revenues were up a bit, but the huge drop in net income worries us. Having your success hinge on the unreliable concentration of bromine in brine water and government-managed power supply seems kinda sketchy. We currently hold GURE at a cost basis of $7.10 per share, but may cut it loose soon.
Should have flipped the extra GURE at 2.49 when I had the chance.
2.33 now.
I don't think tinner's pockets are lined by naked short sellers.
He just seems to take joy in watching high risk stocks go down. Therefore his motives are more pure than Herb's.
I did.
$2.29
EDIT: Wow, that bounce was fast, I should have bought more.
Thanks for the update, tinner.
So they might only make a buck a share or so a year?
EDIT: they say that production is down, because their brine source has less bromine in it than before. Is this like depleting an oil well?
Right now, GURE is the only red in my portfolio for the day.
Just look at Japan's decades long stagnation while they kept interest rates at a minimum.
I believe that ultra-low interest rates are among the biggest impediments currently preventing genuine economic growth in the US economy. By committing to keep them near zero for the next two years, the Fed has actually lengthened the time Americans will now have to wait before a real recovery begins. Low rates are the root cause of the misallocation of resources that define the modern American economy. As a direct result, Americans borrow, consume, and speculate too much, while we save, produce, and invest too little.
See Shasta:
I just found your PM from last week.
All I know is that these people had $280 posted at their Hastings, MI yard on August 1 for whole vehicles. Their 'ton' is closer to 2200lb than 2000lb, I don't know if it's 1000kg or what. Two other area yards I called that week were at $210 and $240 per 2000lb.
http://www.padnos.com/
Previously the highest I'd seen was $265 / 2200lb at Padnos in the winter of 2010. Around here the prices are often higher in crappy weather when nobody wants to dig scrap out of the snow and haul it to the yard.
Give him 12 trillion bucks at 0% and he'll loan it back to you for 1/4%.
Don't you just love the irony?
Markets crash because US Debt is rated less safe. So the money flees to the safety of US Debt, and the downgraded debt goes up in price while everything that wasn't downgraded gets dumped.
Our political system is destroying capitalism
Yes, exactly.
What ticks me off is when the closet Marxists claim that we're watching 'the failure that is unfettered capitalism'.
Nope, we're watching some people (not you) call a politically rigged economy a capitalist economy.
Might be a good idea to stay out of UCO during rollover week, but you'll still get some slippage due to leverage. (they buy as the price goes up, sell as the price goes down)
IIRC, he said 9700 or 9750 this year. That one is looking better every day.
Then, first thing in August, right before the big swoon, he said something like 13k this year.
Then, last week, he said it could keep dropping for up to three weeks before it goes up.
If it drops to 9700 or less, and the bottom is in before Labor Day, I'd say he's doing better than most of the rest of us. If it then hits 13k by New Year's Day, I'd think some of us owe him a major apology.
BRK-A hit a 52 week low, UVE down 11%, I guess the insurance companies are expected to have some investment losses this week?
Well, we did come within 1300 of his 2011 low prediction today.
I'd give him until January on his 2011 high prediction.
I finally decided to go long NQ at 2114. It dropped below 2113 before I could finish my order, and I chickened out. Was at 2120 within a minute or two.
I think you'll find the Verizon cuts are in the landline business and the raises are in wireless.
Thanks, Jim.
Impeccable timing on that reversal of opinion, eh?
Father Fred Share Thursday, July 21, 2011 5:21:39 PM
Re: None Tweet Post # of 680966
WARNING!
Last post for this year; 2011;
DOW Around 9,750 in 2011; maybe even lower;
eom
What did Father Fred say? It was in four digits is all I remember.
A friend tells me the local yard was paying $280 a ton for whole cars this week, which is the highest he's ever seen.
I'm not doing anything today either.
Thought about going long NQ at 2340 after it first hit 2336. It would have worked for a while, but not if I'd bought it and held it for long.
Yep. 900B planned reduction in the rate of increase in spending over ten years doesn't mean anything when the annual deficit is a trillion or two. And in exchange, the taxpayers give them a credit line increase of what, 2.4T, just to tide them over until the 2012 election?
The 'emergency' was entirely intentional.
Imagine you're driving along and there's this wall ahead. You can steer so that you don't hit it, or you can aim right at it with the gas pedal to the floor, and yell 'tear down this wall' right before impact.
The Tea plan might be undesirable for one reason, the Obama plan might be undesirable for another reason, and the Boehner plan might have yet another drawback.
If you work together, and compromise, and come up with a total plan that brings together the drawbacks of all three plans, then you've got government as usual.
Hey Lee, you called the bottom.
2335.75, not 2336.00 though.