Search results

Being a value investor doesn't mean you have to hold forever. You CAN just hold until its reasonably valued. Admittedly you might leave between 40% and 150% on the table, typically, but if you exit you aren't taking the risk it wil sink back down, either. To use the example above, I...

15% of home sales in California are foreclosures now. The only people in trouble are the sub-prime, Alt-A, and ones with the creative loans. That totals 50% of 2006 loans, but I'm sure its a much lower percentage overall. Still, for those people, its ugly.

Yup, it might fall. Then again, you could wake up and find the dollar 1/2% lower on any given morning, too.

If you know someone that has a certain set of components with the same OS you plan to run, and runs the same specialized software you plan to run, then physical assembly is an hour or two, and another couple hours to get software loaded. If you are just choosing parts and expecting them to...

Buffet knows you can't "offshore" or "outsource" transportation, and with EVERYTHING being imported, plus coal being our only home grown fuel, the rails should do well. You can't easily build new tracks to increase competition and trucks are much less efficient for longer hauls. That puts...

It also happens that the Chinese, Indians and Middle Easterners like to own gold as savings. One last little bounce for the dollar before the waves of debt and deficit swamp the decks and drag it under...

Maybe they top out when we get our deficits reigned in? Even with the silly supersized debt, if we didn't have a trade or budget deficit, I'd have a lot more confidence holding dollars over weekends. I'll be honest. I don't think our politicians will ever have the guts and honesty it...

It has nothing to do with Iraq that I know of. There are 3 different groups included as "commercial" 1. Miners - they are never long, and sell gold forward if that's what they have to do in order to get lenders to be willing to lend them money, typically to finance new mines. 2. Gold...

jayford, you may be right, but if you are, it will be a dooozy of a recession, because of all the outstanding debt that the government, people, and corporations would need to pay that higher interest rate on. Every 1% will add $90 billion per year to the Federal deficit just from interest...

jerry, Do you see how the blue line is rising? That's the commercials reducing their short position. Note that the price of gold is rising as they reduce the short position. What does that tell you?

Those were just the numbers, Pabst. If I were "thrifty" or "not thrifty", they'd still be the numbers. I'll have to remember to whine at the wife because she didn't get 4% (an extra $200 after tax, I'd guess) like the national average. Every time I mention that she is underpaid I have to...

Uniting? Do you really think they would want to hook their wagons to the fiscal lunacy going on here?

Gross Wage grew by $1200 last year. Payroll taxes took over $450 of that, including Fed W/H, FICA, Medicare and State W/H. The company took back $400 for increased healthcare premium, leaving $350 increase in the net pay deposit per year. Just gas alone from $2.15 to $2.85 = $.70/gal...

BTW, I'm in metals because I expect currency devaluations this year. Stocks, bonds and cash do poorly in a devaluation scenario, because even if the price stays the same, the real value declines.

There is almost no wage inflation in the US. For the salaried 10-12 hr days are the norm, and sure, they give you a 2 or 3% increase *IF* you are lucky enough that the company you are working for is doing well, that year, but then they take 1/2 of it away in health insurance cost increases, not...

Trees will always keep growing to the sky....

It wasn't a joke. when i was a "newbie" I was getting killed, and that's how I fixed it.

I agree with trader above. A hike would be asking for a recession. A cut would cause a wholesale slaughter of the dollar. Therefore the Fed does nothing and hopes the recession clouds blow over. The blame for the mess doesn't belong at the Fed. Its our stupid, arrogant, squandering...

I could swear I'd read somewhere that consumer confidence numbers rising or falling predicted durable goods sales rising or falling.

I say go back to doing EXACTLY what you did in Jan/Feb, with just 1 minor exception. Sell when you think you should buy, and buy it back when you normally would have stopped out or gone into panic and dumped. Think about it. The impression I get is that you had an almost flawless record...