User 86999

Total Rating:
+7 / -2

95 Comments

    • Sun Nov 16th 10:49 AM | Rating: 0 0
      Commented on:
      UltraShort ETFs: At a Tipping Point?
      You, sir, are the reason why TA gets a bad rap. Many have already pointed out the inadequacy of charting a derivative, and then not to mention, a leveraged one! Wow, double the mistake! You really do like leveraging.

      Now, as to the salvaging the effort, RSI is still heading up. the SHS may actually be a triple top (I haven't checked the underlying index - I don't like nasdaq index), +DI is still above the DI, even though it's just about to cross, all averages, you show, are in their normal form. The only clever sign picked up by Mllambo is the developing negative divergence. I would keep an eye on this baby if I was trading QQQQ/QID.
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    • Sun Nov 9th 10:09 AM | Rating: +7 -2
      Commented on:
      The Reagan Counterrevolution
      Peter, I have read your book and have been reading your articles and watching your comments on tv. What you say makes sense most of the times, but then suddenly, you say something that is either too simplistic or just doesn't make sense. Buffett Jr has pointed out one above.

      Can you write a focused and concise analysis of why we're in such a historic financial turmoil and what exactly was the role of regulation in this turmoil. I think that effort will make your case more believable. The general statements like regulation is bad is not strong enough evidence. As economists we should be able to back up with empirical data.

      I would argue that the lack of regulation is exactly why the bankers' greed got out of control and now we're all paying for it. The gov has to step into the situation after all, because the final tab of that greed is running into trillions (yes, with a T), and no private enterprise has that kind of money; besides when you start selling those junk CDO and CDS vehicles to foreign enterprises, the gov will be forced to step into resolving any conflicts. So, how do you propose the private enterprise to be able to self-regulate. I think the current situation already self-evident of what self-regulation can cause.
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    • Sun Oct 26th 12:50 PM | Rating: 0 0
      Commented on:
      Obscure Indicator Points to Possible Market Bounce
      The week of 10/10 implies end of that week because 10th was a friday, so the data is a bit too old in today's fast moving circus, as 2 more weeks closed after that data. And we already know how brutal those two weeks were. Since the 'specialists' number was also on the rise that probably indicated what we saw in the two following weeks after that number was published.
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    • Mon Sep 29th 17:34 PM | Rating: 0 0
      Commented on:
      Don’t Blame Wall Street - At Least Not Completely
      Stop the propaganda. The Level 3 assets with opaque books unable to explain the true value of assets and a whole lot of junk used to bloat the books to make the hefty incomes and bonuses does not fall in line with legitimate reasonable business practices. You cannot convince anyone who understands the accounting books, but good luck with some simpletons who may buy illogical random thoughts. Ron Paul has it right, once you are able to grasp the knowledge!
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    • Thu Sep 18th 16:37 PM | Rating: 0 0
      Commented on:
      Being the Change: Baidu Report Raises Important Ethical Questions
      Good timing on the article - BIDU went up 20% today!
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    • Wed Sep 10th 18:53 PM | Rating: 0 0
      Commented on:
      Roubini Attacks Bailout, But Misses Boat on Regulation
      While I agree with the MS thesis that Fed itself and all FNM/FRE style entities were a problem to begin with, I will interpret Dr. Roubini's complaint about lack of regulation when applied to cooked books at those institutions. When the top forensic accountants are still struggling to correctly figure out what exactly is where in assets/liabilities, we have a problem. And of course FNM/FRE are just the tip of the iceberg; wait till an army of others start getting exposed with all their Level III assets. When the regulation allows you to hide your deeds with creative financial engineering and rewards the fat cats at the top of the institutions with millions of dollars in compensation and severance packages, you need to bring the regulation in line!
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    • Sun Sep 7th 15:24 PM | Rating: 0 0
      Commented on:
      The Two-Ton Wall Street Conflict of Interest Few Dare To Talk About
      Matt, your article on sformag is well written, but your thesis starts breaking down once you start using the numbers, such as $362B, $600B, $510B, which do not fit well together. Regardless, the profits sitting overseas waiting for a money-laundry opportunity like the 5.25% tax is a taxation loophole anyway. The Code needs be tightened, so that a corporation cannot keep the profits stashed away waiting for such an opportunity and instead pays the dues every year.

      The following is a quote from your conclusion:

      ''Punish corporations for engaging in business overseas while raising the taxes they pay to the highest in the industrialized world, and they will do one of two things: either do less global business (which then will go to non-U.S. competitors) and become less profitable in the process (which means they will be able to hire fewer Americans); or these companies will simply move away, with a similar impact on U.S. workers.''

      Well ... in the first case, the higher domestic hiring is a distorted myth, so it is very unlikely to happen because the corporate greed will prevail, and in the second case, we can live without those patriots and they are free to move out of this country - just make sure to surrender the passport when deciding to move elsewhere. Bon Voyage!

      I was going to comment on the article on its relevant site, but I didn't find a place where I could comment, so sorry about ranting on this forum, but I just wanted to provide my feedback from a different perspective. I'm sure you mean well, but I think we need to weigh our priorities a little more closely. The economy is way out of control because of the corporate/bourgeois greed already - a few more mistakes and we're doomed. We need to spread the wealth not concentrate it in the upper echelons.
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    • Sun Sep 7th 12:09 PM | Rating: 0 0
      Commented on:
      The Two-Ton Wall Street Conflict of Interest Few Dare To Talk About
      This is so strange that our wages have not moved up since 2000, incidentally matching the dubya years, and prices have sky rocketed in this period; life has been sucked out of the middle and aspiring middle class, but we still fail to see that the republican policies are not in the interest of the common citizen - unless of course you are one of those making more than a million bucks a year, which is not quite rich but not exactly middle class either. I cannot see how a middle class person will consider more taxes on the corporate to be anti-corporate, if those taxes can be used to pay for your health and education, which in fact returns those benefits back to the corporate, while making sure that the employees get paid enough instead of that big fat cat sitting at the top.
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    • Wed Sep 3rd 17:59 PM | Rating: 0 0
      Commented on:
      Google: Chrome, Android and The Cloud
      Any browser that is not based on open source and cannot be compiled from open source cannot be trusted for its shenanigans. There is no way to control the privileges of an autonomous application (such as a browser) on Windows (the platform used by most). Now, of course, one could dream about forcing everyone to start using other platforms, but one will be better off living reality. Hence, Firefox will remain a healthy choice for the masses.
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    • Wed Sep 3rd 09:39 AM | Rating: 0 0
      Commented on:
      More on 'Buffett Pie' and Paying For Tax Cuts
      The baby boomer generation has been paying enough in social security and medicare to the war hero generation while expecting no such cushion in return when our time arrives to give our tired bones a little rest.
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    • Tue Sep 2nd 11:04 AM | Rating: 0 0
      Commented on:
      Google: Chrome, Android and The Cloud
      The biggest threat is loss of privacy. Gmail never deletes any piece of email you've ever received or sent out - it just obscures it from your sight. By using their browser now you're handing off your browsing history to the endless data collection centers. Microsoft and Firefox provide the checks necessary to preserve our civil rights.
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    • Wed Aug 27th 09:41 AM | Rating: 0 0
      Commented on:
      Yes, Virginia, There are High Dividend ETNs
      Unfortunately, there are tedious taxation issues (think K-1) involved in owning currencies or commodities with "partnership"... and "grantor trust" types, that these vehicles are not suitable for individual investors. Various fund issuers sometimes don't even have the prospectus available on their site (I remember having trouble with Barclays), and if you find one, you cannot clearly gain proper taxation information. You are advised to consult some tax advisers to "explain" the prospectus to you. If the fund issuers themselves are unable to clearly explain the basic taxation (no individual special cases), implying that the taxation is too complicated under all the novel "schemes", you can imagine the nightmare for a back street individual. Even your tax adviser may not be a specialist in such cases, you need to find someone who is actually familiar with these issues. Yahoo boards have more information on K-1 issues.
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    • Fri Aug 15th 10:24 AM | Rating: 0 0
      Commented on:
      Opportunities to Profit from the New Cold War
      I wonder if there is an ETF that contains BAESY.PK and EADSY.PK, instead of using the pinks directly.
      View article »
    • Thu Aug 14th 11:25 AM | Rating: 0 0
      Commented on:
      Obama's Tax Plan - And Basic Honesty
      I like the graphical comparison. How about someone tried to fix the graphic by removing the ''distortion''. It will be a great service to really make the point. These tons of words are a good effort to challenge the honesty of the original, but kind of falls short in driving the point home.
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    • Thu Aug 14th 11:15 AM | Rating: 0 0
      Commented on:
      Just How Correlated Are Oil and Equities?
      The stats can be deceptive because of the market inefficiencies. When the oil goes up, your local gas stations are raising the prices immediately, but are they reducing it as fast and proportionately when oil goes down? No. So, the net effect is that the future holder speculators are making the money, but the broader economy is not highly correlated to the benefits. So, the stats will be skewed in one direction.
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