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In the past many people posing as "Christians" wanted to kill Americans. Hitler's legions had "Gott Mit Uns" or "God with us" inscribed on their belt buckles. They believed God was on their side and sanctioned what they were doing. Should all Christians be blamed for what some Christians have done? Should all Muslims be blamed for what some have done?
Hating and killing others in the name of God is always a sin, although hate has been practiced by many people purporting to be religious. This site is full of so called "Christians" and followers of Jesus spouting hate. I doubt if Jesus would recognize any of the haters.
Hey mike0... you're in the running to rival foot as this site's right wing radical screwball.
Denmo, you're absolutely correct that Sarah Palin is woefully unqualified to be VP. U.S. would be laughing stock of the world if this dip was placed a heartbeat away from the Presidency.
However, arguing with the right wing dunderheads on this site is a waste of time. You can't fix stupid and these guys are well beyond that category.
It's a beautiful Indian summer evening. Don't waste your time with these guys.
gtc, Bob, smartone, and other decent people, this board has a couple of good traders, but for the most part the "conservative"-aka right wing- idiots here should be ignored. They criticize anyone who shows up to express a concern about the environment or the disadvantaged or any other so called "liberal" cause.
They claim to be good Christians, but would be the first to crucify Jesus if he reappeared spreading the message that we should show concern about the poor and disadvantaged, and castigating the moneychangers.
Total arrogant hypocrites. Check two timer, fox and be and ignore the rest.
Farooq you are far too wise and decent to associate with the misguided hypocrites on this website. Your posts evidence more understanding of Christian concepts than your critics.
The Iraq war is a travesty for America. The war has weakened America economically, while angering many and serving as a great recruiting tool for disaffected wackos worldwide, reducing U.S.security, and severely hurting U.S. prestige internationally. It is the height of hypocrisy to have those who support this war, complain about government spending and Federal taxes. We waste more tax money in Iraq, while weakening this country economically and militarily, killing and maiming some of our finest young soldiers, as well as the "collateral damage" to innocent Iraq citizens you mention, than all other wasteful government programs combined. I think I heard we spend $10 billion a week of tax money continuing our involvement in Iraq! History will condemn those who got us involved in this idiotic war, and who support our continuation in it.
Why insert Americans into a place where Shite zealots, Sunni zealots, political zealots and who knows what other kind of zealots, are willing to wear bomb vests and blow themselves up just so they can also kill a few of those on the other side of this conflict? It is sheer idiocy! Let Iraq deal with their own religous conflicts and civil war.
It is the main reason I will vote Democratic this year regardless of who the Dems nominate, even though I may not support all their policies. We cannot continue our involvement in this idiocy in Iraq. Bush/Cheney have been terrible for America.
S2 do you still follow DIVX? Looks like it may be recovering some from its dismal drop over last 6 months.
Thanks for your perspective.
I just think that someone who starts a board to tout a stock, should have some responsibility to occasionally return to that board and identify his current views. Even if it is to admit that he was totally wrong and ask for an apology. I don't expect perfection, just accountability.
We should take responsibility for our own trades. I own only a small amount of DIVX and accept responsibility for my poor decision to buy it. (Stupid me) If I had started a board about DIVX touting it, I would return and try to explain what happened.
It sure seems to me that S2 realizes that he promoted another turkey in DIVX, and hasn't returned to the board he started. Now I wonder what the reason could be?
Just an observation, but you stated:
"War has always been good for the economy and markets over time. Lot of jobs, etc are created because of this spending."
I see you also stated in another message below:
"I want to continue enjoying my life."
Are you suggesting that a good economy and jobs are a good reason for war? Do you recognize that others that want to continue to enjoy life, may lose their lives in these wars?
Given MRVL's history on earnings report I am buying some puts. I am surprised that it appears that there is more call volume than put volume. Probably MRVL owners hedging their bets by selling calls.
S2 recommends a stock and disappears when it tanks?
Bearmove is this drop a good opportunity to enter MCZ?
OT: Farooq you are absolutely correct about the idiocy of the Irag war. The shattered lives and billions of dollars lost (this war will ultimately cost trillions of dollars), damaged US reputation and prestige as a result of this war should cause grief to all Amerians. The Iraq war will be determined by historians to be one of the monumental blunders of history.
GW Bush has done incredible damage to our country by entering into this unnecessary war with huge cost that has little relevance to US security. The war was sold on lies, faulty intelligence, and sheer Presidential stupidity. Saddam even admitted in interrogations after his capture that he wanted to maintain an appearance of WMD to bluff and keep Iran at bay.
Bush #1 and Clinton both had the sense to bottle up Saddam Hussein, and avoid entering Americans into a costly sectarian civil war, and maintain an Iraqi block to Iran's imperialistic desire to spread Moslem extremism throughout the Middle East.
An intelligent President would have used diplomacy, economic pressure, CIA/undercover operations and precision military strikes to contain Saddam at much lower cost. If Clinton had been as stupid as GW Bush the right wing would be clamoring for his impeachment.
Our poor soldiers and American taxpayers are and will be paying for this incredible blunder for many years. All the complaints about gov't waste and spending pall in comparison to the cost of this collosal blunder.
If the US had invested the trillions eventually wasted on this war in alternative energy development, research, education and a host of other productive activities the country and American people would be so much better off.
Thanks for your understanding and support NM.
I thought I was doing Foot a favor, by letting him know that some readers thought his repeated partisan political posts were not becoming to him, the board, or particularly helpful to investors or traders, and I was shocked, I tell you shocked to find out that he didn't see it that way. In any case I will move on and use the ignore feature.
I want to tell you that when I was a young investor I made many costly mistakes because I thought I knew what the market should be doing, and when the market moved against me did not make rapid adjustments. I am now in my 50's and learned this costly lesson repeatedly.
One of the most important lessons to learn is that the market is always right, and you must adjust your positions when the market goes against you.
This aspect of your trading is what I like the most. You undersand this aspect as good as anybody I have seen. Your helter-skelter trading that takes positions in both directions and then adjusts in response to market action is too much for me, but it emphasizes the need to follow the market more than predict the market, and adjust as the market moves. There is a great lesson in that for young traders.
Keep up the good work.
I thought this was a stock market board, and not a political board, but you're right. I will put Foot on ignore.
I am an independent, and don't like political labels. I vote for better candidates regardless of political party. I have voted for republicans, democrats and independents. I think it is idiotic to vote party lines, and believe that those that do that contribute to the partisanship, poor government, and political quagmire we now have.
I believe in strong national defense, gun rights, against deficit sepending, strong work ethic, etc., but also believe we need to show compassion to elderly/disadvanged, care for our planet, support education, etc., so I don't fit within simplistic labels.
I think the Iraq war was an incredible blunder that has weakened our country in every way possible, and will not be voting for any candidates that support continued involvement in this terrible blunder. If you hate deficit spending, like low taxes and care about America's security you can't support this war.
You probably don't care about hearing my political views on a stock board, which is exactly how I feel.
Hey Foot, Why don't you stick to stocks, and quit posting right wing wacko stuff. It only demeans you and the board.
I visit this board to check out NM, Two Timer and some other good traders you have here, not to hear your right wing wacko views.
OT: Hey Metal,
In response to your message, I believe Clinton, Obama or Paul would at least try to get us out of Iraq more than the other candidates. They at least recognize the idiocy of the invasion of Iraq. The other candidates would have Iraq bleed US soldiers and taxpayers for decades.
And I don't focus much on Bush, in fact I try to forget the moron, but unfortunately we are all left with dealing with his mistakes (Iraq being the biggest one).
I too support a strong military. This is a dangerous world and we must have a strong military, but as you note the military should be used for defense, and not for poorly thought out, preemptive missions based on a mixture of faulty intelligence, cowboy mentality and stupidity. Iraq has little to do with our defense. In fact, Iraq and its Sunni gov't had been a strong counter balance to Iran in the Middle East. We have strengthened our primary antagonist in the area, Iran, by toppling the prior Sunni Iraq gov't, and thus, increased instability in the area and made much of the world hate us.
And don't tell me we had to bring Democracy to Iraq. Why bring democracy to Iraq and not a myriad of other dictatorships? Bush doesn't care about the American people, why would he care about bringing Democracy to the Iraqi people?
This War has cost countless lives and will cost Trillions of dollars before it is over, and it is actually making the U.S. less safe by being a huge recruiting tool for Islamic extremists. There were much smarter, more effective and less costly ways to address Saddam Hussein.
You mention the deficit and taxes. The cost of the Iraq war is a major contributor to the deficit and will promote higher taxes, more than anything else. It is absolute idiocy. We have no rational mission in Iraq. We should declare victory and leave. Any candidate that wants to continue this idiocy has lost my vote. I don't care about political parties. I care about issues.
I am an independent, but won't vote for anybody who wants to continue U.S. involvement in the idiotic civil war in Iraq. U.S. invasion of Iraq was a huge mistake, killing and making invalids of our young men and women, increasing anti-US hatred, making more enemies, promoting our worst enemy in the region (Iran), draining our treasury, worsening the deficit, and thus, increasing pressure for future tax increases.
I would vote for Obama, Clinton or Ron Paul, whoever is available just to end this war.
Neutral I want to congratulate you on your ability to turn on a dime and adapt to a changing market. I saw your post suggesting a steep decline today with a "brutal last hour" at 11:15 AM and wondered about it because I wasn't sure.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26430866
When the market reversed you quickly saw the error of your ways and went long. I think that is the key to your trading success. I think your references to "Da Boyz" are just your way of entertaining yourself and others. FWIW
You're absolutely right!
People need to work harder and save, do more for themselves, and expect less from the goverment; and our government needs to cut spending, raise taxes, and get our financial house in order, cut deficits.
How many people would vote for a politician espousing such things?
Very few I think, hence our problems. As Charlie Brown said, "We have met the enemy and it is us."
You are not looking at consequences or cause and effects of what you are proposing. Life is not that simple.
I could just as easily say to you, if you don't like our Federal system don't live here.
Yeah, but can a country survive if it lets States deny rights to certain citizens? .... or what if some States don't want to properly maintain interstate highways or airports through their States (impacts on interstate travel); or what if some States allow pollution of rivers in their State or air quality and downstream or downwind States be damned; or allow violators of a crime in one State to seek refuge in a State that disagrees with other States laws: or what if a State has lax food and drug and health or medical quality standards; or what if some States decide to make Spanish the official State language....
One can go on and on with such scenarios and that is why a Federal presence is needed. A Federal presence is needed for more than a National defense. Fed gov't needs to promote a certain quality of life, basic standards, and overall peace and prosperity, etc. Certainly our Federal government has screwed up, but it should be improved, not scrapped. I don't think 50 totally independent States would provide a peaceful and prosperoos society. IMHO
Thats what the Confederate States of America said. (My great Grandaddy fought in Army of Northern Virginia).
Hey Neutral I like your sense of humor?
I see some folks I respect are looking for a good intermediate term low late this week or next week? That seems to fit with your thoughts of a low near Op Ex?
I personally see a low at end of February?
By the way are der any Girlz among da Boyz????
Unfortunately I own a few shares of MRVL, and it has been by far the worst stock to own of all my holdings. What a terrible stock!
You are probably right about good earnings report on INTC and others, and in a normal world that should make for a good bounce. In this goofy market world (bizarro world) who knows what it may do? A down response to good news may tell us something about the future.
I think we all wish Dr. Gray is right, but I respectfully submit that Dr. Gray is misinformed or perhaps senile, and that the Nobel Prize committee and great majority of scientists (i.e., those not paid by oil or coal companies) got it right. Global warming is a no brainer to those who have looked at the science.
Climate change is undoubtedly a result of greenhouse gas emissions and global industrialization and the world will pay attention sooner or later. There is no doubt.
Yeah right. Are you the same guy who said GSHF was going over $1? It is now 0.03. Looks like it is time to short GNTA.
I hope your right.
I saw this message from a poster on another board, and since I want to post something positive about MRVL on such a depressing day (i.e., MRVL price wise) I am pasting it here.
"No one knows when the stock will go up and down, but I do know when I see a good company, and if its price is going down, I should snap it up!
I learnt from MCDonnald (MCD), MACR (Macromedia), NOK (Nokia), HPQ (HP), NVDA (Nvidia) Those companies above had problems at that time but not the fundamentals. They do have great products and markets just like MRVL. You're easily double that stock prices in less than 2 years
MRVL's Managements and products are still solid.
The futures are in storage, comms and handhelds, Marvell knows this. Blackberry, Apple, Seagate and almost all WinMobiles are just some of MRVL's clients but not many people know it.
I have no worries at all with this company. And I dont really care with the short terms.
Anyhow... George Soros buy a bunch of MRVL, if you see his picks recently, he is quite successful.... the last position that make me a bunch is FDRY."
No Worries
I have no idea about the validity of the rumor and hope it is not true, since I am a small holder of MRVL, but I saw this (Reuters news pasted below) about AAPL, and noted the comment, "Such wholesale supplier swaps are not unusual for Apple, which frequently switches its component partners. With Apple, it seems, no supplier is safe, and no slot is a given"
Despite this rumor, I am hoping MRVL's drop this week is end of quarter window dressing, and that it will rebound next week. Lets hope so at least.
SAN FRANCISCO (Reuters) - Apple Inc's (AAPL.O: Quote, Profile, Research) new iPod Nano portable music and video player boasts lower component costs than the previous version, market research firm iSuppli said on Wednesday.
The bill of materials for the iPod Nano was $58.85 for the version with 4 gigabytes of flash memory and $82.85 for the model with 8 gigabytes of memory, iSuppli said.
The two models retail for $149 and $199, but the report only measured the cost of the Nano's parts and did not include other costs such as manufacturing, packaging or research and development, iSuppli said.
Total component costs for the 4-gigabyte Nano were nearly 19 percent lower than the previous version released in late 2006, iSuppli said.
The new devices, which went on sale earlier this month as part of a pre-holiday overhaul of the iPod line, also featured parts from several new suppliers, most notably U.S. memory chip maker Micron Technology Inc (MU.N: Quote, Profile, Research).
Other new suppliers included Intersil Corp (ISIL.O: Quote, Profile, Research) and Synaptics Inc (SYNA.O: Quote, Profile, Research), while components from NXP Semiconductors and Cypress Semiconductor Corp (CY.N: Quote, Profile, Research) were dropped, iSuppli said.
"Such wholesale supplier swaps are not unusual for Apple, which frequently switches its component partners. With Apple, it seems, no supplier is safe, and no slot is a given," iSuppli said.
Apple continued to use an audio and video processor from South Korea's Samsung Electronics Co Ltd (005930.KS: Quote, Profile, Research), iSuppli said.
ISuppli said it expected Apple to sell 23 million Nanos this year and nearly 28 million in 2008.
wick, what are your current thoughts on SYNL? Do you think it has bottomed?
The market has a ways of never making things easy or convenient. It wouldn't surprise me in the least to see a stiff correction (I don't want to call it a crash) before the end of the year, just to screw those wanting to wait until after the new year to register capital gains.
It would be just like this darn market to do that to us!
Aren't you the guy who said GSHF was going to $1?
Are you kidding? Bush is the best recruiter the terrorists ever had! Bush and his ilk are terrist recruiting dreams. Bush did not know or care that Irag had noting to do with 9/11; Bush lied to the American people about WMD; Bush did not know there was a Sunni - Shite schism withinin Islam that might make make it difficult to create a stable post-Saddam Irag; Bush had not a clue that his efforts in Iraq would strengthen Iran and weaken US strategically and politically. Bush is totally clueless!!
The American people and the world are going to pay for his idiocy for many years. I have little doubt that history will look at Bush as one of the worst Presidents ever!
Market looks poised to rally folks.
Lightened up longs on the rally late last week. The low I thought had arrived on June 8-9 looks like it may occur around FOMC June 28-29.
I want Bliss to come back as BlissBULL{b]
Going fully long last Thursday and Friday seems to have been an early attempt at bottom picking that was not perfectly timed. Oh well, I know am unlikely to pick the exact bottom (even though I try).
I have not used margin or options here, (although I sometimes do when trends are clearer), but I still believe long positions taken late last week in good funds and stocks will become profitable. I can wait, no hurry.
Schloss, very interesting post, thank you. Elements of your post are intriguing, and could be intrepreted in various ways:
"...I don’t see how Bernanke can raise rates at the end of June...how much would the market rise the day that Bernanke announces that he’s done raising rates for now? Two hundred points? Two fifty? More? Hmmmm."
[b}I intrepret this as bullish for the stock market at the end of June, and perhaps sooner in anticipation.
"This weekend I checked his coupon activity. I was shocked.
Thursday, May 11……….$10 Billion
Friday, May 19…………..$9.5 Billion
Tuesday, May 23………...$8.4 Billion
Wednesday, May 31……..$7.6 Billion
Tuesday, June 6………….$8.3 Billion
…Also on Thursday, June 8, Fed Open Market Ops soared to 81.65 billion (from a daily average between 20B and 30B)."
"Bernanke is scared as hell! He’s throwing money at this market like a mad monk and it is still dropping like a stone! The most recent coupon pass was last Tuesday at 11:00AM, followed by a surge in Temp Open Market Activity to 81.65 billion on Thursday and the market still went down another 158 points the last four days of the week."
This FED pumping up liquidity is bullish? or is it bearish? Could be intrepreted either way.
"Between the PPT, the circuit breakers and the Fed’s proactive roll in the new Dow, crashes will be slow motion affairs from now on."
This latest drop since May 8 is not a slow motion affair.
"From May 10, 2006 until June 9, 2006 (the bottom???), the Dow has fallen—from the very high to the very low intraday— 913 points. .... the fact that we had such a big drop with Bernanke fighting it all the way points to some serious problems with the underpinnings of this market. Namely, that we all know this funny money game cannot go on forever and we also know that no one is going to ring a bell just before the shit hits the fan. So…. I intend to watch the Fed’s money moves more closely going forward. If we had seen Mr. Market’s lack of interest in Helicopter Benny’s effort to interject big liquidity into the game, I think we might have been better off. Once burned; twice cautious."
I can intrepret this as bullish or bearish depending upon my bent. Bearish since market is dropping despite large infusions of liquidity from the FED, or Bullish since these FED infusions are bound to turn market around at some point.
Am now fully long, so I hope this latest drop was the last, but who knows?