You know they should change that word. Blogging. What a strange word. My suggestion would be to use the word 'record' in place of 'blog'. We could be recorders instead of bloggers. I know it ain't gonna happen but keep it in mind the next time they try to get you to accept some dumbass name.
Anyway I'm surfing around as usual and guess what? Blam! I notice that every other blog on the internet has ads and links and gadgets and feeds and all this other shit. Naturally, I feel compelled to add things like this to my blog to make it more interesting, interactive, and apparently you can bank some coin with ads. I don't think I will become that fortunate for a long time, if ever. It's not really my concern.
I'll add the other stuff in time. I'm not exactly an HTML wizz either. I mean I inserted a link into my last post and that was cause enough for a couple fist pumps. YEAH!
I like to entertain. I figure if I can do it in RL why can't I do it online? It's not my concern if I'm being laughed at or with. Either works. And was more entertaining than ranting about the stock market. Nadda. That's what.
Saturday, November 29, 2008
Friday, November 28, 2008
I like pictures
The human mind naturally works better with pictures. This might help you remember the crisis one day.
Thursday, November 27, 2008
Bells are ringing
By that I mean one bell really, and its not really ringing. I'm talking about Bell Canada (BCE).
As you may know the second largest leveraged buyout of all time stands to fall apart because the people over at TD and Citi managed to bribe KPMG into finding some fault in the deal (well that may not be true but I like to think they did anyway).
The good news is the shares are trading in a range that, if you think Bell has any economic moat at all, you might find yourself in for a deal. I know I did.
Disclaimer: If you buy BCE shares because of this post you are probably not mentally stable, and you may lose money.
As you may know the second largest leveraged buyout of all time stands to fall apart because the people over at TD and Citi managed to bribe KPMG into finding some fault in the deal (well that may not be true but I like to think they did anyway).
The good news is the shares are trading in a range that, if you think Bell has any economic moat at all, you might find yourself in for a deal. I know I did.
Disclaimer: If you buy BCE shares because of this post you are probably not mentally stable, and you may lose money.
Wednesday, November 26, 2008
Don't Hate
I listen to a lot of commentary from all over this world wide web and I heard something about a financial bailout and talks of an auto bailout or something.
It seems as though a lot of faithful citizens of the US are outraged that they have to pay for the mistakes of others. I haven't seen anyone mention that perhaps their inaction to educate themselves with the financial world is partly to blame. If everyone knew how much risky debt was being thrown around beforehand.. well too late now.
And that's the point: It's Too Late. However, the bailout of financial institutions is imperative for investor confidence. By that I mean credit. They let Bear and Lehman go under, you saw what happened. Now, Jim Rogers, who likes to use analogies a tad too often, thinks for America to maximize what it has left of global economic dominance, should take the bankruptcy hits like a man. He prescribes failure as the best and only medicine for the current economic blues. Jim, I don't care who you are most of the time, today you're an idiot. This isn't Egyptian times or whenever you were born, without credit, today's world will grind to a halt. Us, the passengers in this well-oiled machine that, of course, are not wearing seat belts will be thrown free from the wreckage into a lower quality of life.
As for bailing out the automakers I think there should be a compromise involving the automakers to actually show a business plan that has a slim chance of working. The financials have business plans that work as long as they keep their hands out of the metaphorical cookie jar. Ford and GM just found out last week that quality vechiles for fair prices exist. They might actually fit Mr. Rogers diagnosis of terminally ill.
Oh and don't confuse this Jim with Jim Cramer. Cramer has been a bigger idiot for a longer time. I dub him the idiot king for his calls lately.
Check the video:
It seems as though a lot of faithful citizens of the US are outraged that they have to pay for the mistakes of others. I haven't seen anyone mention that perhaps their inaction to educate themselves with the financial world is partly to blame. If everyone knew how much risky debt was being thrown around beforehand.. well too late now.
And that's the point: It's Too Late. However, the bailout of financial institutions is imperative for investor confidence. By that I mean credit. They let Bear and Lehman go under, you saw what happened. Now, Jim Rogers, who likes to use analogies a tad too often, thinks for America to maximize what it has left of global economic dominance, should take the bankruptcy hits like a man. He prescribes failure as the best and only medicine for the current economic blues. Jim, I don't care who you are most of the time, today you're an idiot. This isn't Egyptian times or whenever you were born, without credit, today's world will grind to a halt. Us, the passengers in this well-oiled machine that, of course, are not wearing seat belts will be thrown free from the wreckage into a lower quality of life.
As for bailing out the automakers I think there should be a compromise involving the automakers to actually show a business plan that has a slim chance of working. The financials have business plans that work as long as they keep their hands out of the metaphorical cookie jar. Ford and GM just found out last week that quality vechiles for fair prices exist. They might actually fit Mr. Rogers diagnosis of terminally ill.
Oh and don't confuse this Jim with Jim Cramer. Cramer has been a bigger idiot for a longer time. I dub him the idiot king for his calls lately.
Check the video:
Tuesday, November 25, 2008
Suck on THAT Bears!
My boots are tired from spurring bears aside the past couple days. Especially financial bears. I would like it to be known I like the financials, and my little money is where my mouth is. Oh and screw grammar as well, I end my sentences with propositions when I want to. So there!
But in all honestly folks, you might want to look at AMEX:UYG, NYSE:C, NYSE:MS, NYSE:BAC.
If you have big nuts, well you have to have big nuts to buy anything right now, but if your nuts are bigger than big, then I suggest you go for UYG or C. I would venture a guess that BAC is the safest of them and possibley the best VALUE (price/risk/reward combination). I like MS for the dramatic increase I suspect it will see when the world decides they aren't going to best the US gov'n and that the remaining financials will indeed survive and prosper in the coming years.
Random saying:
My stock advisor told me I shouldn't invest unless I was prepared to lose.
I told him he shouldn't live unless he was prepared to die.
It's war out here folks. Have a good one.
But in all honestly folks, you might want to look at AMEX:UYG, NYSE:C, NYSE:MS, NYSE:BAC.
If you have big nuts, well you have to have big nuts to buy anything right now, but if your nuts are bigger than big, then I suggest you go for UYG or C. I would venture a guess that BAC is the safest of them and possibley the best VALUE (price/risk/reward combination). I like MS for the dramatic increase I suspect it will see when the world decides they aren't going to best the US gov'n and that the remaining financials will indeed survive and prosper in the coming years.
Random saying:
My stock advisor told me I shouldn't invest unless I was prepared to lose.
I told him he shouldn't live unless he was prepared to die.
It's war out here folks. Have a good one.
Monday, November 10, 2008
Predictions
What's a blog without a little speculation? Pretty boring, I'd say.
I figure I'll share some insights now and later they might be worth some credibility. There is no doubt in my mind that I am credible enough as it is but unless you know me well I have to prove it to you.
So, 2009 stock market predictions:
- We have seen the bottom (or damn well near it) of the market in Oct 08 with the record breaking VIX numbers
- Equity markets will recover more slowly than typical recessions
- The typical 3 month period of the equity markets leading the end of the recession will be longer as this is certainly not a typical recession. I would say 6 months -1 year or recession. And perhaps slower growth for a year after that.
If I think of some more predictions I'll throw em up.
I figure I'll share some insights now and later they might be worth some credibility. There is no doubt in my mind that I am credible enough as it is but unless you know me well I have to prove it to you.
So, 2009 stock market predictions:
- We have seen the bottom (or damn well near it) of the market in Oct 08 with the record breaking VIX numbers
- Equity markets will recover more slowly than typical recessions
- The typical 3 month period of the equity markets leading the end of the recession will be longer as this is certainly not a typical recession. I would say 6 months -1 year or recession. And perhaps slower growth for a year after that.
If I think of some more predictions I'll throw em up.
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