Search results

What a shame, but I can't say too much because I have my share of debt. I had a conversation with my aged mother yesterday and she was reminiscing about the "good old days" where they had to save for and purchase every appliance and piece of furniture one item at a time. Layaway plans were...

I need to go into the anti-venom biz. Sheesh! There is an area in far SW Texas, southern Presidio county, that has the extra dangerous Mojave Rattlesnakes. The wife and I spent a week down there at a resort ranch, and they gave some stern warnings about watching your step. That place is...

If Washington really wanted to issue a new bailout that would help the people and not their buddies, they would refi all mortgages of those families earning 250K or less to today's market price of the home, and at a small interest rate.. say 1 or 2%.

I know I may sound like a kook (won't be the first time :D ), but I truly believe this crisis was engineered and it is just beginning. Things will stay inflated for the next 3 or 4 years as the government keeps printing money, but the world economy falls off the cliff sometime after that. The...

Wealth causes many to worship money and themselves, and abandon God. They become their own god.

This style leaves no room for analysis. It's playing the odds that one breakout will run. No art form.. no mental exercise... no sharpening of the skills. If it is all about the money for the guy who trades like this, then more power to him. I trade because I love to trade.

Pull up a chart of the Dow for the last 50 years.. MONTHLY chart. What appears to be forming is the right shoulder of a massive head and shoulders formation. While I agree a crash is imminent, it might not be for 4 or more years until the shoulder is fully formed. We'll probably see the Dow...

Yeah, buddy, you hit the nail on the head.

This is NOT trading. It's Vegas-style gambling.

I've seen it happen on my report. Maybe it's not lawful (this was a number of years ago), but it was on my report 9 years.

Take it from a guy with experience. My first marriage 23 years ago to a disaster left me in 50K hock in only 13 months. I was making peanuts and was hounded by collection agencies all day long. I did learn a few things. If you settle, BE SURE YOU GET IT IN WRITING. The letter should...

I have to agree with this statement for technical reasons. Chart the Dow monthly for the last 50 or so years and you can see we are forming what could be the right shoulders of a large head and shoulders pattern. 10000 and even higher is certainly possible and it can take years to form (maybe...

For those who have Briefing.com subscriptions, there is a very good Page One piece today that deals with this topic, using CAT as an example, and the reaction this morning to a better than expected earnings report. Here is an excerpt: Shares of CAT are indicated approximately 12.0% higher...

Check out the daily chart for IBM. It has recovered almost 80% of its loss from the crash and is in a good position to challenge last year's high. I know this is just one stock, but it is a blue chip stock and can't be ignored. Either the suckers are those of us who are missing these big...

I understand the the stock market is forward looking and can precede the actual recovery by 6-9 months, but there are no economic policies being put in place today that can spur a recovery in the future that is justified by the current 4 month rally. On the contrary, we have record out of...

Any self-respecting black would say "No!" to what would be the biggest handout in history. Is the loss of your dignity worth a big screen TV?

I think there are more that are bullish on the economy than bearish. Not extreme bullishness, but there seems to be a consensus that the worst is over and things will be flat for a while, but the economy will generally trend up. You saw the shock last Thursday when the employment report came...

Let me get this straight.... Instead of a broad based tax cut to ALL Americans, thus stimulating the economy, they would rather raise taxes on the worker and instead spend trillions on a stimulus program that would reward the largest campaign donors?

Eventually things break down and have to be replaced, but I wouldn't get too excited about one month's worth of data.

Too many barriers for the little guy to enter into most endeavors.