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  • Would Defeat of Obama's Stimulus Plan Be a Good Thing?
    Letting the economy "crash" is not an option if we want to maintain an elected government. If we want a military/police/nation... guard takeover then let her rip.
    Jan 07 10:30 am |Rating: +3 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    National chain store sales fell 1.3% from a year ago. Where is the recession/depression? Or is this number just as bogus as the data put out by the real estate trade association on home sales and price changes?
    Jan 07 10:12 am |Rating: +2 -2 |Link to Comment |View article
  • Bear Market Rally or New Cyclical Bull Market? Too Soon to Tell
    Is the bear market over? To ask the question is to answer it. What caused the recession that caused the bear market? A cut back in spending by consumers first, then business. What will make consumers increase spending? Higher wages and a larger number of people being employed. In the foreseeable future can we reasonably predict higher wages and smaller unemployment? No and No.
    That is it in a nutshell. The bear market is not over at least not on this planet.
    Jan 06 19:34 pm |Rating: 0 0 |Link to Comment |View article
  • High Cash Stockpile Available for Buying Stocks to Fuel a Rally
    The folks sitting on that huge pile of cash used to enjoy at least 3% interest income per annum. Now that the rate of return is closer to 1% than their historic return, cash holders are certain to be looking to redeploy at least some of their assets. Buying a dividend paying stock with a secure market share like MO would seem to be a no-brainer for some of this cash hoard. Of course a nice bank stock with a good dividend may look attractive too, say BAC, but the likelihood of one's investment in bank equities going to money heaven after what we have seen in 2008 will impede broad scale decisions to move out of cash into this sector.
    Jan 06 19:26 pm |Rating: 0 0 |Link to Comment |View article
  • Stimulus Plan Includes Tax Breaks: Stocks That Will Benefit
    The Obama stimulation law should be called PORK ie. "Positive, Optimistic, Renewed Kleptomania" in honor of all of the wheedling, begging constituents who will get their special interest palms greased by this law.
    Jan 06 19:07 pm |Rating: 0 0 |Link to Comment |View article
  • Will 2009 Bring Ring Three of the Financial Circus?
    Japan monetized a large portion of its federal government debt for years at a zero interest rate and the Yen is now the strongest currency in the world. Is there a lesson here for the US? Perhaps Obamanomics based on this model will not move the dollar off of its pedestal as the reserve currency of the world. When the 20 met last fall there was not even a peep of objection to our status as money printer of last resort.
    Jan 05 11:51 am |Rating: +1 0 |Link to Comment |View article
  • If Manufacturing Is So Bad, Why Did the Market Go Up?
    Prudent investor makes excellent points but I fear the financialization has cracked the productive eggs of our economy beyond repair. Much of our manufacturing base has been shipped overseas to be operated by low wage but equal skill foreign workers. Whatever stimulus policies the government adopts will not cause this capital to return to our shores or to be replicated here without destructive trade barriers.
    Jan 05 11:35 am |Rating: +1 0 |Link to Comment |View article
  • The Chinese Effect on the World's Currency Markets
    The dollars China has in hand were derived from prior trade deficits with the US and are already invested in US Treasury obligations. The statement that the 675 Billion in government spending Obama plans will have to be borrowed overlooks the fact that the 2009 trade deficit with China will be much reduced due to the US recession. No way will China have anything like 675 billion to lend. Much of the Obama deficit will have to be monetized by the Fed and negligible interest rates. When China observes this slight of hand its interest in retaining US obligations will be reduced rather than increased and the astute money managers in that government will be looking for ways to decrease their exposure to our debt. These managers have already started to unload GSE paper to the Fed. Next it will be 10 2% bonds.
    Jan 05 11:12 am |Rating: +4 0 |Link to Comment |View article
  • How Congress Can Solve the Recession, Outsourcing and Social Security
    Requiring ALL employers to provide 401K matching plans would put the screws to the main job creating sector of the economy, small business. If the match came from the US Treasury as part of a "bottom up" stimulus package savings might increase. But small business would either cut jobs or simply operate even more under the table if required to increase wages through a 401K match.

    Eliminating the corporate income tax would dramatically reduce the need for accounting and legal services. These are two high paying, job creating, domestic service industries with maximum representation in the US Congress and would pull out all the stops to block this proposal.
    Jan 05 11:01 am |Rating: +1 0 |Link to Comment |View article
  • Manufacturing Collapse Reminiscent of Great Depression's Beginning
    But the all seeing and all wise Market had already "discounted" worse news than this so that on the very day these facts were revealed a 258 DJI point increase was the result. The talking heads said "Investors" were returning to the crap tables. Let the Market be our guide and our God.
    Jan 05 10:49 am |Rating: +1 -7 |Link to Comment |View article
  • It's 10 PM, Do You Know Where Your Leverage Is?
    Zero down payment loans to home buyers make the leverage of the Wall Street barons who packaged and sold these loans look tame. Back in the day this practice was called, "Leveraging the the leverage."
    Jan 04 21:50 pm |Rating: 0 0 |Link to Comment |View article
  • As Goes GM, So Goes U.S. Government Credit
    The peanuts given so far to GM and Chrysler will not even be enough for the YE increased contributions required to fund pension and medical plans designed to provide to the grave financial security for retired UAW workers. The peanuts were given to kick this can down the road to the Obama team whose leader has made impossible to fulfill campaign pledges to American Labor. W included the auto industry on his pardon list as a little gift to the next administration.
    Jan 04 21:45 pm |Rating: +1 0 |Link to Comment |View article
  • Stick with Covered Calls
    A covered call strategy requires a decision on the call expiration date as well as whether to sell in the money or out of the money. A buy and hold for the dividend investor would want to go short term out of the money. The strategy also requires using a discount broker. If the stock is called away in a "full service" house the commissions can take all of the expected return.
    Jan 04 21:29 pm |Rating: +1 0 |Link to Comment |View article
  • 2009: The War on Capital(ism) Must Be Stopped
    With the hundreds of thousands of legal beagles on the job all over this country it is unlikely that our system of laws will resemble those of a banana republic anytime soon. Their job security is dependent upon keeping the system wound up as tight as possible.
    Jan 04 21:07 pm |Rating: 0 0 |Link to Comment |View article
  • Riskier Sector ETFs Improve; Investors Now Betting on Economic Recovery
    Investors bet on economic recovery? What investors? Short covering investors? Momentum investors? That is an oxymoron. An investor is somebody who buys a stock for a long term gain, ie. holding period one year or more. No investor in his right mind would touch any of these ETF's or any other equity for that matter with a 50 foot pole at this point in the current bear market.
    Jan 04 20:08 pm |Rating: +2 0 |Link to Comment |View article

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