Cknolls

QUOTE (Balta1701 @ Aug 6, 2010 -> 02:13 PM) An interesting note...Kagan, although centrist enough that a number of dems/libs were quite annoyed at her nomination, only managed 63 votes. And that's for replacing a liberal justice with a less liberal justice. If the Republicans take 4 more seats this November, it's entirely possible that there would be no way for President Obama to nominate anyone who would survive the confirmation process as the next justice, and the long-dreamed-of Supreme Court filibuster process will begin. Especially if Kennedy or one of the Scalia/Thomas pair were to be the next to go. Kennedy already said he will wait for an R to get elected before he retires. Ginsgurg is next, so no shift there. The big battle comes if/when Obama is re-elected.

QUOTE (StrangeSox @ Aug 3, 2010 -> 12:15 PM) LOL xenophobia in this thread Yeah that's it. A known illegal with a history of dui kills someone and I'm xenophobic. GMAFB. Would you think the same if it were your relative.God forbid we offend anyone..or enforce the law...we may lose a vote or two.

Enforce the law assholes. 1 dead , 2 critical. Blood on your hands. f*** these people. Throw their asses out of the country. Of course the douche survives the crash. http://www.washingtontimes.com/news/2010/a...lear_cache_true

QUOTE (kapkomet @ Jul 26, 2010 -> 08:40 PM) You know what's f***ed up? The exact same data ran in the WSJ a month ago and it said the opposite. I read this cover to cover every day... and that one stuck, so which is it? And Balta, that's not against you, but something is messed up here somewhere. QUOTE (kapkomet @ Jul 27, 2010 -> 10:43 PM) Booo. I'll look it up - because the data is wildly inconsistent from what I just read... but I'm a week behind on my papers, so I'll get there in a day or two... Here is a link that could help: http://mytaxburden.org/

GM this morning announces it is acquiring AMERICREDIT for its "subprime " borrowing capability. The more things change ...the more things stay the same...That GM needs a subprime borrower to sell cars says it all.

QUOTE (Gregory Pratt @ Jul 22, 2010 -> 08:44 AM) I'm not sure how anyone can ever take Andrew Breitbart seriously again. I'm not sure why anyone would take him seriously in the first place. How do you justify the audience affirming very audibly her comments about first refraining from helping the farmer? Are they racist? Just asking...

Rumors out there that the Fed will stop paying interest on reserves in an attempt to spur bank lending. They are currently paying .25%. Good Luck with that. You cannot force people to borrow money. Ammo is running low, and the last bullet of the FED will point inward on itself.....Also rumors that there will be gold backed bonds in the future.

QUOTE (Balta1701 @ Jul 16, 2010 -> 02:01 PM) Disappointing results from about 3 major firms and plummeting numbers for consumer confidence and inflation as well. Inflation?

QUOTE (Y2HH @ Jul 8, 2010 -> 08:38 AM) This would only be true if you bought high and now have to average it down. A good buyer/investor of stocks (buy and hold) doesn't buy high, they buy bargins. For example, I bought 500 shares of Casey's at 11 years back when nobody wanted it. Why would I dollar cost average that? It's currently trading at 36 and has been paying a dividend (albeit it a small div, its #1 in it's class), for years. I did the same for Bank of Hawaii, bought at 14...currently at 49. Coke...bought at 39, currently at 51. So I'm way ahead and have been for years, despite the great recession. All that really was, was another opportunity to buy. More examples -- bought Bank of America during the crash at 4. It's way above that now, needless to say. While everyone else was selling it during the "great recession" and the doom and gloom on financials, I was buying. An example of what someone would want to buy, right now? Nobody wants Pfizer -- it's trading at 14. Now is when you buy Pfizer for a buy and hold -- not 5 years from now when its back up at 30. Another buy right now is FE. At a 10 P/E ratio paying a 6% dividend. An energy company with solid fundamentals and ratings, and everyones bearish about it...fine...that means I'll be bullish about it BEFORE the bears disappear. No matter where a market is, high or low, there ARE bargin stocks out there to buy and hold...you just have to know how to find them. I have no doubt trading can yield money, but it's like gambling in many regards...but all that said, I maintain the following. If a person knows when a market will rise and fall -- and isn't a billionaire after a decade of knowing these things -- they need to reassess their station in life, because it means they're bad. If a person knows these things, but still cant turn hundreds into thousands and thousands into millions and millions into billions...they're too stupid to be involved in the market in the first place. If I knew when the market was going to rise and fall -- I'd be making millions per year, EASY. Why am I not? Because I don't pretend to know when the market will rise and fall with spot on precision, I just know good companies when I see them, and I invest in those good companies...long. Keep up the good work.

QUOTE (NorthSideSox72 @ Jul 8, 2010 -> 09:25 AM) And we're up yet again today. Are you serious with this post? Pre market. Come on....

QUOTE (Y2HH @ Jul 7, 2010 -> 02:44 PM) That'd be because it's all guessing, only the people who guess don't like to call it guessing...they like to call it skill. But that only applies if they're right, despite them taking no action to very little action to back their bold claims. Now, if they're right, they'll brag to you about that one time they called it, however, if they're not, they never mention it again. Here is why I say this: IF these people making these bold and certain market calls weren't guessing, they wouldn't be 1) here, 2) talking to you/us about it, 3) typing themselves Why? And please, Y2HH, explain reasons 1, 2 and 3 for us! Well, most certainly! 1) Because they'd be vacationing on one of their 5 yachts, complete with a helipad. 2) See 1. 3) Because they'd be so unbelievably rich, they could hire someone to type for them on diamond encrusted computers from the South of France on their Yacht named "Market Timer". Simple fact is, if you know what a market is going to do, you'd be a billionaire many times over. That includes knowing when markets are going to 'dip' or 'jump' or 'correct'. Furthermore, if you know these things but are NOT a billionaire, that means you are a f***ing moron many times over and should consider drowning yourself in the tears of a clown. Just keep dollar cost averaging and you will be back to 2007 levels by 2025. Guessing has worked for the last 15 years, so there is probably a little more to it.

QUOTE (NorthSideSox72 @ Jul 7, 2010 -> 02:16 PM) Its called that if you think that's what's going to happen. It might. But explain this to me... if you really think the market knows globally that its going there... what purpose does "time on the side" serve? Why wait for the rest of the crowd to jump out, why not jump out now? There's a logical flaw in this assumption. Because you assume it is all about price. It is not. Time is MORE important than price, but price is the final arbiter.

QUOTE (NorthSideSox72 @ Jul 7, 2010 -> 12:22 PM) So, just after the big drops and some people seeming to be sure a 2nd dip is coming... the market was up a little yesterday, and is up a lot today, despite having basically no news flow. Teh markets are a fickle thing. It is called putting in time on the side before next leg down to 940-950.

The press is doing a wonderful job covering the whistle blower in the DOJ Black Panther case aren't they? I cannot imagine why no one reads the rags they print. Pathetic. Something tells me things would be different if the other party was in power.

QUOTE (mr_genius @ Jul 3, 2010 -> 03:04 PM) Illinois is so f***ed up. the dem party, which rules the state, is just total s***. spend spend spend and totally corrupt http://www.nytimes.com/2010/07/03/business...WhxG3NtKLTImCLg Let's float some more bonds. Feel good politics. Illinois, a microcosm of the country as a whole. I have already cut back my estimated payments for this tax year. No way will they get one more f***ing cent from me that they are entitled to receive. Default is the only thing that will change the pension system in this state.

QUOTE (Balta1701 @ Jun 29, 2010 -> 08:58 AM) And what channel do you turn to when you want a left leaning opinion? You watch Olbermann and Maddow, and the Daily Show and the Colbert Report. You don't watch anything else on MSNBC, and you don't watch anything else on TV. You might go to PBS if there's a good frontline on. But if you want the left-side equivalent of Fox, you go to the internet, because none of those channels you want to call liberal come anywhere close to being liberal. Scarborough's co-host just read WHITE house talking points on the air last week and ADMITTED she was in contact with the White House. It waaction was good too.s pretty funny, and Jack Welch's re

QUOTE (NorthSideSox72 @ Jun 28, 2010 -> 07:45 AM) How many years now have you been projecting this kind of thing to be coming soon? And its never happened, or even nearly happened. You technical guys are great at finding edge in the short run, but you seem to think that means you can project numbers like that 18 months out. Its ridiculous. I am just predicting. Once again I missed the the 2009 low by 6 spx points, not bad. But us technical guys don't know anything. Buy and hold....and lose.....How did that work out last decade.....I have been out of mkt since OCT 2007. Sleep like a baby....That number comes from the same amplitude move from the 2007 high........

QUOTE (mr_genius @ Jun 26, 2010 -> 06:18 PM) got any predictions? S&P low below 500. 437.88 to be exact within 18 months..

How about those racist tea-partiers in South Carolina electing an African American in the primary for the 1st District. Good Luck to you Tim Scott.

QUOTE (Balta1701 @ Jun 25, 2010 -> 03:03 PM) I have no problem with that and think it's a good idea. Shocking!

QE2 will entail the gov't. buying massive amounts of muni debt. What's another trillion+ on the Fed's balance sheet.

QUOTE (lostfan @ Jun 24, 2010 -> 09:39 PM) There are no more dominoes to fall after prime mortgages, it just takes years for everything to work itself out. Commercial real estate?

At least Illinois is ranked #1 in something. http://www.cmavision.com/market-data Hopefully we defaullt and reset these pensions to affordable levels.

QUOTE (bmags @ Jun 22, 2010 -> 12:07 PM) Sure, nobody gets paid for medicare. I don't know how our poor doctors eat, with nobody ever getting paid! All they have to do is join a union. BO loves the union man ;)

QUOTE (KipWellsFan @ Jun 18, 2010 -> 12:31 AM) Is Toyota's screw-ups actually credited with their recovery? I hadn't heard that. Interesting. Ask the bondholders how they are doing after being f***ed by BO? I cannot wait to see the unions negitiate contracts next year with the car cos. Conflict of interest? No, just another b job from BO.