richjoy

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126 Comments

    • Sun Apr 27th 09:33 AM
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      Commented on:
      There Is Plenty to Fear in This Market
      I do get so tired of posts with nothing more substantial than generalities.

      I've invested in the troughs of the 70s, the 80s, the 90s, early 2000s, and now the present trough (but look at the long term S&P500 chart!...between the troughs is a mountain of gains (which is why it is sometimes called a "mountain chart" -- and each of those troughs are only blips!). Over the last 40 years, we were told the "manipulators were the investment banks, the mutual funds, the insurance companies, the pension funds, the hedge funds, and the soverign funds.

      Bill Cara, and those who came before him, point a finger at the boogyman of the day and shout "manipulator"... they NEVER provide specifics to prove their charges of market minipulation (names, dates, stocks, number of shares/% of volume, etc.).

      Markets go up, and down...we all look for facts. It seems to me that people like Cara onlypretend to fill the vacuum.
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    • Sun Apr 27th 00:19 AM
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      Stock Market Overvaluation and the Passive Investor
      Having looked at 100s of charts over the years, I am left with the impression one can make a chart to show just about anything one would like.

      I have found that Total Return Investing works fine for me (and lets me sleep better). I'm sure you know how it's done, so I won't bore you with the particulars.
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    • Fri Apr 25th 09:23 AM
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      Commented on:
      Alternative Energy ETFs’ Wild Solar Powered Ride
      I am looking for all I can learn on solar stocks/ETFs. What I found here, seems to have come from Morningstar.
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    • Fri Apr 25th 09:08 AM
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      As Home Sales Plunge, Some Say the Crisis Is Almost Over
      Trader Mark -- My rant follows, but please understand that it is not only directed at yourself, as the average article writer/talking head seems to enjoy making the worst possible case with current housing statistics. Let me take home prices for example:

      OK, home prices have fallen when compared to last year's prices...we get it! OTOH, you also stated (correctly) that home prices benefited from a 5-year boom. So, how about we expand our scary statistics to recognize that home prices rose to wild and speculative bubble levels over the last 5 years; let's compare last month's home prices to pre-bubble (2002?) prices, plus 2% or 2.5% annully for inflation...what does that say about last month's home prices?...wouldn't that be a more reasonable and fair comparison?

      Oh, I get it...that wouldn't be as scary, thus not worthy of writing about. Who would pay attention?
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    • Fri Apr 25th 08:56 AM
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      Why Did the Euro Fall Sharply Today?
      Hopefully, the Fed will stop lowering the short term rate on Tuesday. The Euro is 'correcting' lower, partly on the assumption our rate cutting is over, or within 25bp of over. It has always been less a question of a strong Euro, and more a question of a weak Dollar.
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    • Fri Apr 25th 08:48 AM
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      Economic Downturn: How Long, How Deep?
      Frankly, this article left me wondering why it was written. If one doesn't have more to say, one should just wait until one does.
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    • Fri Apr 25th 08:41 AM
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      Commented on:
      Another Market Friday: Risk or Opportunity?
      I appreciate those who can change their views.

      As for shorting oil, it may well be profitable for VERY short period, as there clearly has been some speculation in the price for some time; and oil's price seems to be moderating just a touch off its $120 high. However, the key, it seems to me, is that the market is anticipating an economic recovery later this year, and when one considers oil and a growing global economy at the same time, all of oil's supply/demand concerns re-surface; thus, I suspect the price of oil will not go so low as to squeeze out the speculation, and will soon start to rise again. So, if you are convinced supply is equal to or greater than demand -- you can safely short oil.
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    • Thu Apr 24th 09:34 AM
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      Commented on:
      Shining Light on Solar ETFs
      Thank you, very impressive!
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    • Thu Apr 24th 08:53 AM
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      Commented on:
      What Does the President Know, and When Did He Know It: "We're not in a recession..."
      We have always looked to our president to calmly guide us through the rough patches. I'm no supporter of Bush, but he is no different in that respect than any other -- no president is going to say we are in a recession until a recession has been officially declared. They always look at the bright side, it's in their job description, unless it can be blamed on the other party.

      And Green of Briefing.Com may be right, this is painful, but is not a recession as defined by 2 qtrs of negative GDP. By the time the NBER gets around to declaring this an official recession, it won't matter anyway, as it will have passed. (And I hope they do declare it a recession, so we can start the clock again, and hopefully, it will be 4 years until the next recession.)
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    • Sun Apr 20th 11:28 AM
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      Commented on:
      Insider Trends in the Financial Sector
      I want to thank user, locke, egan, and others for researching this article and providing the facts regarding insider purchases of financial shares...Internet at it's best!...well done!
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    • Sun Apr 20th 11:07 AM
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      Exercise Your Capitalism
      I never vote the proxies! Why should I?

      I feel strongly that those who vote need to do so on an INFORMED basis; and frankly, I have no interest in devoting the hundreds of hours necessary to study the directors, issues, etc. so as to make an informed vote...and I am sure you don't study them either! (I also suspect you mark proxies on an emotional basis; are you proud of that?)

      Furthermore, I see my stock ownership as similar to getting on a train...I travel from point A to point B...I have no particular interest in where it was before getting to point A, nor in where it goes from point B.
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    • Sun Apr 20th 11:00 AM
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      Many Investors Seem To Think the Worst Is Over
      Well Paul, me thinks you will be waiting forever if you need for "food and energy inflation to stop" (as you said)...if that is your gauge, you can't be serious!

      Seriously, when have stock prices NOT risen BEFORE unemployment/job losses improved? (BTW, it shouln't be so, but where I live in the south, restaurants are still full; though I agree the consumer is pulling back with respect to purchases of clothing, appliances, cars, etc.). Possibly you live in Michigan?...where the dumping ed of the elephant resides?

      Inverse ETF's were a great idea a couple months ago, but you may get burned badly if you wait for those 50 and 200 SMAs to cross before you get out of those; you might at least consider going neutral on the market at this point.

      I'm not saying the recession is almost over (if we are in fact going to have 2 qtrs of negative growth in GDP, which is questionable, though it certainly feels like a recession to many); only that our overall economy is not so bad as you suggest.
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    • Thu Apr 17th 08:26 AM
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      Commented on:
      Catch a TAN with Claymore's New Solar ETF
      I am long of solar, and find it almost impossible to pick long-term winners in this new industry. I welcome TAN as an easier way to participate in the space (though I suspect TAN may trade at a premium for awhile). I have no problem with another entrant -- hopefully, the fee will be lower.
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    • Wed Apr 16th 07:49 AM
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      Solar Symbiosis: Making a Clean Break
      You have made a (seemingly) convincing case for solar...I too have investments in solar, as I see it as one of my "mega-trend" ideas.

      However, I do have a few questions: (a) What about solar efficiency in our northern states?; (b) It seems you have glided over future solar efficiency with a weak case (I reference: "The efficiencies of solar panels increase about 6%/yr. Solar panel makers now use less polysilicon and yet achieve greater conversion rates. This constant innovation - which creates a competitive edge between companies - will continue in the future.")...how can we know this will continue into the future?...doesn't expanded use of solar absolutely depend upon such continued innovation?; (c) your case seems to also depend upon continued government subsidies and tax credits--what happens if those are ended?; and (d) a "clean break" with foreign oil?...what you are smoking is surely illegal.

      Nonetheless, I think you would be an excellent spokesman for the solar industry.
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    • Sun Apr 13th 20:47 PM
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      The Credit Crisis and the U.S. Dollar
      Frankly, I stopped reading when I got the to reference to our "government controlled media"...

      Sorry Mr. Sun, but if you have something of interest to me, you have to start with credibility.
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