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This guy posts every bearish report he can find every day and screams about how terribly low the market will go. And yet it keeps charging ahead without him...

I also think that long term is sketchy. I as well see cuts coming in the near future, but how deep they will actually be remains to be seen. Opposition will surely come due to the loss of jobs that cuts will bring, but I agree that it is inevitable as they will have no choice but to cut. They...

Casino's may take off but I think that would be quite a long term play. Can anyone think of any shorter term benefits that could rise out of this if it happens?

Beat EPS estimates and raised forecast - very nice. Missed revenue estimates - not desirable but did reiterate full year revenue guidance. Analyst full year EPS estimates @ high side of LMT's full year EPS estimates which is risky but still a ways down the road until that comes into...

Cutten, I appreciate your viewpoint and explanation. It has gave me some great new insight on this subject, especially the part of why government doesn't employ 100% of people 100% of the time. But going back to the thread subject, how would you compare Keynesian economics to that of a...

Surprised? This will hardly be the last of the GM cuts.

Why buy the Dow?

I've been thinking the two aliases are the same person because it seems Roman Candle always posts after turder, backing him up completely. But if you say they are not the same then I will believe you almighty moderator!

Future expectations are based on current information though. Once new information comes out people revise their expectations for the future based on that information so efficient market theory isn't completely out to lunch. And expectations are quantifiable to a certain degree by the way...

Are you saying anybody who posts about going long oil in the 30's is lieing? Or are you just jealous?

Funny how a year ago everybody was touting stocks as being the best asset class in the long term. Then the crash of 2008 and all of a sudden stocks are terrible and gaurenteed to lose you money. After the depression I bet people came up with the same analysis saying "stocks are terrible and...

I agree the GS earnings were sketchy at best, but the random price target predictions without reason don't hold much weight.

What is different? Everything I read a month or two ago wanted relaxation on the strictness of market valuation of assets in effectively illiquid markets. Is that not what we have now?? Are you trying to say WFC would be predicting a profit this high even without the FASB's changes? If...

Something to ponder.

It was probably even easier for him to post the question here than search for the answer. After all, that is the point of these message boards.

1. People underestimated the effect of the FASB changes 2. WFC higher than predicted profit. That's my theory as of right now.

Let's be clear, I have been against changing the Mark to Market rules from the very beginning. Assets should be valued at market value. But I hate the fact that so many people were calling for changes to the Mark to Market rules, then FASB relaxed the valuations, now the banks are posting...

I happen to believe that the reason for the WFC profit and the reason for the banks passing the stress test is due to the relaxation of Mark to Market accounting rules, not because "the markets are rigged". Shorts should have got the fuck out as soon as the FASB announced the changes. Bank...

Rigged? What do you mean rigged? Rigged as in "everything they tell us is bullshit"? How does it being rigged help me make money?

Mark to Fantasy has allowed them all to pass. It's not some kind of government conspiracy...It was a change in accounting rules, which the public is well aware of. The assets that used to be worth jack shit are suddenly worth something again, therefore the banks are solvent. This...