Recent content by mkmps

  1. M

    $73,000 for a 1 night stay in hospital because of a snake bite

    my buddy was camping somewhere in the woods and got a bug in his ear, that he could not take out himself. Went to some local ER, they looked at it, put some vegetable oil to kill it and told him to go to an ear doctor in the morning. Sure enough the local doctor charged him like $300 to...
  2. M

    Berkshire Profit on Goldman Sachs Passes $2 Billion

    are we still talking about the 37 billion put exposure? just got this thread, but when he did it, i did the math "outside" the options blah blah, assuming he was loose 100% of 37 billion (unlikely given the index) the "interest rate" come out reasonable, and less than his l/t rate of return...
  3. M

    Another (True) Anectdote - Two New Car Dealers Will Not Lease Cars

    valuable opinion, but i would disagree.. i agree with the poster before this one. even though it is not the american way, but i feel one bit bad that some "real estate" entrepreneur got a few deals of and all of sudden he dons Trumps hairdo and feels he has to date a brazilian model :) true...
  4. M

    Another (True) Anectdote - Two New Car Dealers Will Not Lease Cars

    have not posted here in a while.. but have to chime in on whole crisis thing.. in my opinion, this crisis is mostly wealthy people crisis, or upper middle class crisis. from my experience in NYC "buy side" and my current situation, i can confidently state that outside some obvious...
  5. M

    SPY has broken all support - market crash imminent

    I am not a technical guru, nor i follow it much, but i always thought that higher lows on decreasing volume in a down move is bullish, no?
  6. M

    Argentina Defaults On Sovereign Debt

    100 for 5? that is some silly thing to say.. i believe in 2002 we bought brazil bonds at something like 27.5 yield only to clip 2 coupons, and sell then at 13% yield with 100% cap gains... bonds can provide great opportunity at times... i would not touch argentina though ANY TIME.. no...
  7. M

    question for wheat traders and farmers

    EU suspended the mandatory 10% rule. means that every farmer in EU states was forces to keep at least 10% of land to keep dormant (not sure of hte term in english).. anyway, that alone should make some impact.. i would doubt that ukraine could have one more year like 2007 was... at the same...
  8. M

    Peak Oil Doom and Gloom, or maybe not...

    my thread did nto give to omuch info on the peak oil thread. basically the guy dud an excel spreadsheet on how many nuclear power plants, wind turbines it would take to replace oil. he forecasted oil demand growth and supply growth yada yada... it was a big thread.. anyway, if someone has the...
  9. M

    Peak Oil Doom and Gloom, or maybe not...

    I've read a wonderful thread probably about 3-4 years ago here on elite, when oil was like 30 ish.. the guy did a really good job convincing me that oil is good l/t hold :) anybody that has a theory about doom and gloom should take the time to find the thread (sorry tried to look but got...
  10. M

    Amount of cash at fed's disposal

    i think USD could realistically be back to 1.20 ish range due to flight to quality in this latest shake out. i do think that so long people believe in USD, fed invincible, but at some number it should be theoretically possible to quantify people should turn.. i guess if Soros was younger...
  11. M

    What's wrong with this picture

    all those things you listed above come from good oldfarmland :) best investment in the next 10 years.
  12. M

    Amount of cash at fed's disposal

    i was trying to figure out the other day how much cash does fed "have" for market intervention? i mean can it ever run out? i was trying to come out at some number, but could not get to it in any reasonable logical manner. i guess given that USD is reserve currency for 3/4 of worlds oil it...
  13. M

    Worst call by cramer ever?

    I never trade on cramer but i do think this guy presents us with some valuable wall street insight. i think for an average joe, on average, he made money. I don;t believe in momentum trading as i think the possible losses outweigh the potential gains, but i do think that an intelligent person...
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    Greenwich is an expensive place to live..

    this guy did not include PV of increase in future earnings. I lived in Fairfield county for almost 10 years, and one of the biggest mistakes i made that i commuted from southport to stamford first 2 years.. anyway, to start, i was living way beoyond my means and accumulated debt to fund my out...
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