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September 2009

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Investing? It's Really Fun, Almost Like Black Jack or Craps! - SIRI

September 29, 2009 – Comments (1)

I just bought SIRI for my real portfolio. I got 500 shares for like three hundred bucks. 500!! How cool is that? Oh wait: if I had been really clever, I would have bought at 10¢, so I could'a had 1K share for like a Ben Franklin. I really look forward to watching the price go all over the place, sort of like watching 49ers or Raiders or Cal Bears on Sunday/Saturday: boo, yay, what the heck? Oh no!!, etc. Sometimes you just gotta have fun. A 10¢ move is enough to buy a whole stack of delivery pizzas!  [more]

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Operational Cash Flow (OCF) Ratio

September 23, 2009 – Comments (0)

I was thinking if there was some type of single rating we can calculate to determine the financial health of an entire company, and compare like Moody’s bond rating. I came across this interesting ratio:  [more]

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Diamonds (no, not those diamonds) An Investors Worst Friend ?

September 21, 2009 – Comments (7)

Last week, Bloomberg had an article about diamonds. I clicked the link thinking it was the ETF. It turned out to be an article about diamond polishers. The more I read, the more interesting it became, and the more worried I became. The article is here:  [more]

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Banks: We Promise To Behave, Really We Do

September 17, 2009 – Comments (1)

On Tuesday, NBR had a brilliant editorial by Alan Sloane of Fortune. The complete text is here:
http://www.pbs.org/nbr/site/onair/transcripts/lehman_brothers_before_and_after_090915/  [more]

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Bernanke Speaks - We Should Listen

September 16, 2009 – Comments (0)

Tuesday, the HedFed gave a speech "A Year In Turmoil: An Address by Fed Chairman Ben Bernanke". You can read the entire speech in a PDF file at:
www.brookings.edu  [more]

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Obamacare "You Lie" guy was right

September 15, 2009 – Comments (3)

The new healthcare plan will not cover illegal aliens? Beg to differ, Mr. President. I was leafing through this:
http://docs.house.gov/edlabor/AAHCA-BillText-071409.pdf  [more]

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Obamacare a Doozy - I Can Prove It

September 14, 2009 – Comments (4)

This is the link to the official healthcare bill:http://docs.house.gov/edlabor/AAHCA-BillText-071409.pdfit is a 2 meg PDF file. Yeah, it is 1,018 pages, but each page has only 25 lines of really big type.on page 25:
Subtitle C-Standards Guaranteeing Access to Essential Benefits
SEC. 121. COVERAGE OF ESSENTIAL BENEFITS PACKAGE.
(a) IN GENERAL.-A qualified health benefits plan shall provide coverage that at least meets the benefit standards adopted under section 124 for the essential benefits package described in section 122 for the plan year involved.OK, this means that there will be one size fits all, from sea to shining sea. If the commission determines that it will include breast implants and hair transplants, then everyone’s insurance will have it. Want a low-ball, budget version that is not so comprehensive? Too bad. On p. 167
SEC. 59B. TAX ON INDIVIDUALS WITHOUT ACCEPTABLE HEALTH CARE COVERAGE.
(a) TAX IMPOSED.-In the case of any individual who does not meet the requirements of subsection (d) at any time during the taxable year, there is hereby imposed a tax equal to 2.5 percent of the excess of -
(1) the taxpayer's modified adjusted gross income for the taxable year, over
(2) the amount of gross income specified in section 6012(a)(1) with respect to the taxpayer.OK, there are things about poverty line, credits and such, but have not read it that closely yet. OK: you are too poor to buy the insurance, but there is an exception for you anyway since you are one of the 40% who do not pay income tax, so...hmmm.  [more]

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Tid Bits – bucket shops, China, Lehman

September 11, 2009 – Comments (0)

Several interesting things I learned this week from the media. None is that interesting on their own, so I lumped ‘em all together.  [more]

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Gold? It Is Deja-Vu All Over Again

September 03, 2009 – Comments (11) | RELATED TICKERS: GLD , IAU

Look carefully at the 35 year chart at the bottom of this page:
http://www.goldprice.org/gold-price-history.html
Notice the peak at 1980. The president was “Jimmy” Carter. Gold was just above $900 an oz, and sure to go to $2000 because:  [more]

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