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Valero and the refiners are not a buy right now. Check out the crack spread. Refining capacity is only 73%. Refining margins are literally 8% of what they were in August 07. People buying refiners now are buying at the wrong time.

So glad the ratings agencies are on top of things... ...they're really on the ball.

The very worst thing about Crox is that they're being lampooned now everywhere as a fashion faux pas. I don't care how many nurses find them 'comfy.' Crox are doomed. The world of fashion is fickle to the extreme. Crox can't reinvent itself, because it was so rigid from the start.

Mr. Market could not be more reasonable here. He's literally screaming at you to book whatever profits you have, take whatever minimal losses you may have recorded, and unless you're in a highly specialized position that is completely independent from the U.S. economy, GET THE HELL OUT. Mr...

April 2, 2008, 12:37 pm The Stock Market Surged Yesterday Because … Why? http://freakonomics.blogs.nytimes.com/2008/04/02/the-stock-market-surged-yesterday-because-why/?hp By Stephen J. Dubner I may be wrong, but it strikes me that the articles that appear in nearly every newspaper...

The stock, or a pair of the shoes?

He made a mistake in judgment. He was well-intentioned. He admitted his mistake. Story over for those of us who aren't drama freaks. (His lecture was a good one, by the way)

Agreed. At least I can listen to Bloomberg and have it on during the day. It's mature, subdued, and often has some very (truly) knowledgeable guest interviews. Plus, Bloomberg gives a lot more 'raw' data. That's constructive. CNBC is an absolute joke and disgrace...flashy graphics, loud...

Highly inflationary pressures are not conducive to equity market performance. Did you hear the story of the industry (airlines) that lost 1 billion dollars because of fuel prices? Okay, it's not a story. It's true. And ATA just filed for liquidation BK today, ceasing all operations...

I love this thread title. Just wish it, and make it so. S&P, 1900! Make it so!

I'm starting a line of competing footware to Crocs. I will call them Crocks, or, if that gets their attorneys in a huff, Gators. They shall be made of melted plastic, just like Crocs, poured into a mold, and cooled in forms shaped like Michael Vick's face.

http://www.bloomberg.com/apps/news?pid=20601087&sid=ajkPSW_domB4&refer=home

Soros Sees Additional Market Declines After Temporary Reprieve By Katherine Burton Enlarge Image/Details http://www.bloomberg.com/apps/news?pid=20601087&sid=ajkPSW_domB4&refer=home April 3 (Bloomberg) -- Billionaire George Soros called the current financial crisis the worst since the...

This restaurant is so bad, the cockroaches get food poisoning.

It would be 15% of any form of gross income. So, if one made 100k in any given year, no matter the source (wages, capital gains, interest income), they'd pay a maximum of 15,000 in taxes. Real property taxes on homes and businesses is something I did not address, but hopefully someone...

I agree that there can be a time where there is a disconnect between earnings and market performance, but Mr. Market will ensure that this arbitrage opportunity will close eventually. I don't think it's likely that the market marches higher while earnings march lower. If you buy now...

15% flat tax. Done. No CPA expense, no tax lawyers, and it would only take 5 minutes for individuals and businesses to do their taxes. School vouchers. Parents could take whatever they're paying in taxes, and use it to pay tuition to send their kids to a school of their choice...

Can you imagine buying 6 month puts on this 6 months ago? maybe a $60 strike price? Bonanza.

Oh, I agree it won't be straight down. I actually think gifted traders (true traders) can have a feast on the volatility here, too. We'll see sharp up and down days. But I'm convinced earnings (a few companies like RIM excepted) are going to absolutely tank. Some sectors will perform...