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  1. J

    Who in their right mind would vote for McCain?

    Clearly the American economy is on the wrong track, we've got a war we can't afford and the standard of living in America is in decline for everyone except the ultrawealthy. Bush, through his idiotic budget policy of unbalanced budgets, has caused the dollar to lose 40% of its value since...
  2. J

    Last change to get in for under a buck -- Long Oil!

    CL, Colgate Palmolive? What does Colgate have to do with the price of oil? Is toothpaste a petroleum product? Maybe that's why my breakfast slides down so easily...
  3. J

    Stocks that shoudn't be where they are

    RIMM. At $115 a share and P/E ratio of 51, analysts are forecasting revenues to increase from $2 bil to $13 bil by 2010. That's a rosy scenario. If the economy stays soft and layoffs increase, those laid-off middle managers are going to be turning in their Dingleberrys and canceling their data...
  4. J

    Gold Miners: A Few Selected Charts

    Told ya. Allow me to brag about my chart reading skills :-D See my original post at the top of this thread from Sept 2007. I said buy GLD, NEM, MNG and KRY. GLD $70 -> $98, +40% gain NEM $44 -> $55, +25% gain MNG $4.8 -> $7, +45% gain KRY $3 -> $2.1, -30% loss Three out of four's...
  5. J

    Is Bush really the worst President ever - Economically the answer is YES

    Yes, Bush's policies are indeed the worst but there's a 50% chance they will be surpassed. If John McCain is elected he will extend those policies and make the deficits and weak dollar even worse.
  6. J

    McCain Will Bankrupt the United States

    LOL ... hmm, the nation will be bankrupt but the wealthy, who get most of the tax relief, won't be. Middle class smaller, government defaulted, rich are richer ... ah, I see the Grand Plan now :-)
  7. J

    McCain Will Bankrupt the United States

    John McCain was quoted by the Boston Globe as saying that economics is not his strong point. His economic proposals echo his self-admitted shortcomings. McCain says he will - extend Bush's tax cuts forever (a huge flip-flop, given McCain's strong opposition to the cuts in 2001). -...
  8. J

    Is this rally the real deal & start of a new uptrend?

    Yes, Dow to 50,000 because the Fed has now removed all risk of holding common stock from the market :) Seriously, I think there will be a little rally to 12,800 or 12,900. Maybe even to 13,000 to touch the 200-day average.
  9. J

    Housing going down another 40%

    Bush is the new Hoover. <img src="http://www.picturehistory.com/images/products/0/0/8/prod_879.jpg"> Coolidge and Hoover: easy credit, too much debt -> bank failures, Depression, foreclosures, tent cities just like the picture Bush and Greenspan: easy credit, too much debt -> banks...
  10. J

    Fed couldn't wait 40 hours to cut discount rate?

    Why replace Bernanke -- he's doing the best he can give the pile of excrement he inherited. 99% of the negative comments directed at Bernanke actually belong to Greenspan. There is no excuse for this credit crisis to exist... Lax loan standards -- blame Bush administration, failure to...
  11. J

    Bernanke's Play = Monetizing the Debt

    Is it? Hoover tightened the money supply in the early 1930's and most economists today say that deepened the Depression. Dollars became more scarce but debts remained unchanged, making it harder to make payments. Defaults increased and bank failures ballooned. Inflation is the debtor's...
  12. J

    Concerns about today's rally

    Bunch of newbies in here! :D If you've been trading a long time and you've been a student of the markets, you would know that explosive 400-point one day rallies are normal in a bear market. Leading movers in the Dow were AXP, C and BAC -- if you want to buy those names and buy dead men...
  13. J

    Who would make a better first lady for America?

    There's something creepy about the McCains as a couple. They don't look right together. He's 18 years older than she. You won't be hearing McCain criticizing Obama's teenage drug use -- Cindy McCain was a serious drug addict as an adult.
  14. J

    Mexican Military Incursions Over Southern Border to Assist Drug Runners: MSNBC

    I'll tell you why Bush looks the other way when the Mexican military crosses over our border. To stop it we need our military to help the border patrol. Can't do that, our military is totally committed in Iraq and Afghanistan. If Bush acknowledges there's a southern border problem with Mexico...
  15. J

    President Hillary Clinton - Best for the Economy !!

    " Quote from c0unterph0bia: It's too bad she's the worst for civil liberties. ===================== Exactly Counter." Sorry, there's no doubt history will show that it was Bush and Cheney who unzipped and took a huge piss all over the Constitution. Sure, Hillary is a tax-and-spend...
  16. J

    President Hillary Clinton - Best for the Economy !!

    Unbiased Canadian outsider? I'm sure you are but your government isn't. I can't believe the Canadian government inserted itself into U.S. politics in an obvious ploy to make Barack Obama look bad on NAFTA. I get it. Your conservative government likes NATFA (and why not? with NAFTA you win, we...
  17. J

    The Greatest Economics Book Ever Written!

    How can the book be "forecasts" when many of these things predated the book? * Drug Usage. -- opium, absinthe, hashish all existed and in wide use for centuries prior * The propagation of ideas, such as Darwinism, Marxism... -- the Age of Enlightenment, the Renaissance, etc. all predated...
  18. J

    Building My Trading Rig (A Documentary)

    Tums - your project will be loads of fun but I have to agree with gnome. A gaming-style rig is overkill for trading. Trading is not taxing on a modern CPU at all. It's like buying a new Ford Shelby Mustang with a 450-hp 32-valve V8 and never going over 35mph. My guess for trading is that the...
  19. J

    A question for conservatives

    You're right. I don't get why Republicans are choosing McCain. The Iraq War is a huge albatross and is very unpopular with Independent and swing voters. And so what do Republicans do? They pick the most pro-Iraq War candidate. McCain's quote on Iraq as the "100 year war" will be hammered home...
  20. J

    Brutal MSNBC Moment: Chris Matthews Crucifies Flustered Obama Backer

    This isn't true. Obama has populist protectionist leanings and has criticized NAFTA for displacing American workers from their jobs and factories. Obama wants tax penalties on companies that export US jobs and tax credits for companies that create domestic jobs. This is contrary to the Council...
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