Recent content by richrf

Hi everyone, Just wanted to let everyone know, who is watching this thread, that my buy on large dips strategy, is doing very well. Currently investing in UWM (leveraged Russells), as I let my QLDs (leveraged Nasdaq 100) and SSOs (leveraged SP500) ride. I will be holding until UWMs double...

Yep, and currencies all around the world lose value. So who really gets ripped off? Savers, fix income folk, ... despicable. And meanwhile the rich folks, make off with the loot. I say, tax the heck out of them and get the money back.

Agreed. We are giving more money to the thieves.

Leverage, credit default swaps (insurance any any diddly stuff that the institutions felt like insuring in order to make a quick buck), credit card defaults, auto defaults, corporate defaults, you know it all adds up.

What happened over the last 10 years was that the American people borrowed hundreds of billions of dollars from "savers" all over the world, and then decided that they wouldn't pay back the loans. What the heck. So, the American government has one of two choices: 1) Go, what the heck, let...

In truth, all kinds of wealth are market determined. Now, most people would say that the most static wealth is cash. You have that dollar bill, and it is yours. However, behind the scenes, that dollar is always depreciating or appreciating in value, which makes it easier or more difficult to...

Market is poised to decisively break through important resistance levels. Shorts will capitulate. Longs will get more aggressive. I am letting my positions run, and will purchase more on any significant dip. Looking for a minimum 50% retracement from confirmed nov. 21st market bottom. From here...

He'll go to jail. He stole from the rich. That is a no-no. Stealing from the poor, middle class, the worker is O.K, since all the rich do that. That is how they get rich. :-)

The saving grace is that the whole world is going to have to implement very aggressive fiscal stimulus to save their own hide. I think that there is a constant back and forth flow between the currencies based upon lots of developments. Lack of confidence and trust in U.S. corporate governance...

It's a good analysis, however, I think that Shilling spent a lot of time underscoring the current issues (which have already been well spelled out and known, and not enough time, on the potential effects of fiscal and monetary polices. 1) One major difference between this recession and the...

The issue is not the American worker, but management, that entrenches itself into a position, enriches itself by using short-term strategies that are bound to kill of the company, and the leaves the company in shambles only to enjoy its own riches on the beaches of Europe. We need a pro-USA...

Totally agree. I would never bet against the American people, once they decide to put their shoulders to it. This country is turning around. People are coming together, and we are ready to rebuild. I'm Bullish on America.

I think the consequences of a failed manufacturing base in the U.S., e.g., where we are no longer producing our own autos, have a more longer term impact than the Madoff catastrophe. I have also heard that they are revising the figure down to $20 billion. But of course CNBC, which reported this...

While I was very pessimistic about our economy over the last 10 years, primarily because of the rising debt/GDP ratio, the ever widening wealth gap between the rich and middle class, and the lack of any government oversight over the swindlers of Wall Street. However, I have become very...

Dollar down increases costs of imports (.e.g. oil), but also makes it easier to export. It adds dollar risks to foreign investments in the U.S. I think net, it is usually better to have a stronger currency that attracts foreign investments. Given that every currency is unattractive at this...