Redwood_12

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    • Mon Sep 22nd 12:16 PM
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      The Global War Against Shorts: Canada Bans Short-Selling
      The answer to your question, which is based on a false premise, seems obvious to me.

      The problem never was short selling or those who engage in it. The problem is NAKED short selling and those who not only engage in it but use it aggressively to manipulate markets, further compounded by the fact that even though it has been illegal all along, it has been allowed to happen completely unfettered for so long that the agencies who should be enforcing rules prohibiting it are now powerless to reign it in.

      Consequently, the only way to get a handle on it quickly, which was absolutely necessary in order to defuse a situation that would have inevitably led to market meltdown, was to temporarily halt all short selling altogether.

      It's far from a perfect solution, but one that has had the desired affect, at least temporarily. It is now encumbent upon the SEC to get ahead of the problem of NAKED short selling, get all the outstanding Failures To Deliver satisfied, and then move forward with a market where orderly short selling is reintroduced in such a fashion that powerful hedge funds can no longer get away with selling what they don't possess nor have any intention of possessing.

      The free marketeers who bitch about this action now should have been speaking up over the last several years while the NAKED short problem spun out of control. Since they didn't, they can all STFU now as far as I'm concerned.
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    • Tue Aug 12th 09:19 AM
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      Commented on:
      Five Retailers for Falling Gas Prices
      "This should provide huge relief to consumers and allow for more spending at stores and restaurants. "

      I want to have way more faith in our population than that. Runaway debt is what's gotten us into the mess we're in, but people are starting to realize that and consequently the savings rate, which has over the last decade gone negative for the first time ever, more recently has risen from 0.3% to 2.6%.

      If Americans respond to a 30 cent drop in the price of gas by immediately running to the mall, we're in even worse shape than I thought.
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    • Tue Jun 24th 12:46 PM
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      Too Late to the Oil Party? Consider the Alternative
      That was my comment about oil linked to transportation but not electric power. The following comment about heating oil is well taken, but still, that's heating, not electric power. Very little heating in the US is from electric power. Fan energy is not insignificant, but electric resisitance heating has been phased out to the point where it is negligible. The analysis in this article doesn't really go into solar thermal, which would compete with heating oil. What's needed is to simplify the analysis and make sure we're comparing apples to apples, and make sure we understand when oranges appear in the bushel.
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    • Mon Jun 23rd 15:25 PM
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      Too Late to the Oil Party? Consider the Alternative
      I'm an alternative energy bull, but I believe it is an incorrect assumption that oil and alternative energy are necessarily linked in any substantive way.

      The vast majority of alternative energy stocks have more to do with electric power than transportation. Oil is and always has been about transportation. Our standard power sources are coal, natural gas, and nuclear, with gas taking up a greater and greater share. Less than 3% of power production is from oil, most of that is peaking or backup generation, and even that is in decline.

      This doesn't discount your analysis as a component of a trading strategy, but as a long term investment strategy it's important to understand that oil is not in fact directly linked in any way to solar, wind, or other distributed generation that make up what we think of as alternative energy.

      (The obvious exception of course is any AE that deals with, influences, or is influenced by transportation, such as batteries or electric vehicles, and of course companies like Energy Conversion Devices do have a dog in that race, but still, it's a small factor relative to the electric power part of the equation).
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