Ah well now I can't comment. I hit enter and it just poofs. If you don't hear from me that is why.
You hear the argument all the time: when the retail investors start buying hard we are at a market top. Well I have argued in the past that you won't be seeing this anytime soon. After the baby boomers getting nailed with the tech bubble, then the housing crash and finally the 2008/9 crash, they aren't going to come back anytime soon if at all. They will buy their bonds and be content. [more]
I never have a problem with anyone disagreeing with me. But I do detest hypocricy. After last night's affair at the White House I really don't want to listen to the President or First Lady talk about income inequality anymore. Was it really necessary to hold a steak/caviar/chocolate cake/ice cream affair for the French in a heated tent? So while we cut food stamps how about we cut these extravaganzas? Perhaps take a cue from the Pope. [more]
I love sector/stock attacks by shorts. It creates opportunity. Last year you were given several. [more]
Xerox took a hit today based on anylist downgrades. Ignore them. They weren't there for the rise and won't be there again. Expected eps in 2014 is $1.16. So basically the stock is currently selling for less than a 10 PE with a yield 2.5ish. This is the time to take advantage of the pullbacks. It is a slow but steady stock, something that works well as a core holding. The thesis is still in place with the major stock buyback program. Also sell those January $12 2016 puts. [more]