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EScroogeJr (< 20)

August 2007

Recs

2

Zimbabwe's inflation - 6,734%

August 24, 2007 – Comments (1)

How about nominating that president for Ignobel Prize in Economics? 

http://news.yahoo.com/s/nm/20070822/wl_nm/zimbabwe_dc_2

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2

Crisis? What crisis?

August 20, 2007 – Comments (6)

If there is a bursting bubble on the housing market, the NAR is unaware of it.    [more]

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0

Fool's rally? Probably not.

August 17, 2007 – Comments (4)

Markets always go up when the Fed announces a rate cut in response to some real or imaginary economic problem. Usually, such rallies peter out soon because people eventually realize that an economy with a problem that the Fed is trying to fix must be in a worse shape than an economy that functions without problems and without rate cuts. So is today's just such a fool's rally?  [more]

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Ficticious losses of homebuilders

August 16, 2007 – Comments (5)

This quarter, all homebuilders reported losses due to imparements. As a result, everybody panicked and some fools even began to sell their stocks below book value.  [more]

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Every day new bargains

August 16, 2007 – Comments (0)

Very dramatic developments in the market. Lists of favorites become outdated the next day after being posted. My new darlings are: CRNT (the best), FLML, BWLD, PDLI, MTN, SCSS, SDA, PRAA, TASR, NSANY, LEN, PHM, MDC, RYL.

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2

List of Berkshire holdings

August 15, 2007 – Comments (0)

Buffett has become a cult figure, but I guess very few people could name every stock currently owned by Berkshire. So I dug out the SEC report and compiled the following list of his major holdings (which omits the soon-to-be acquired DJ and several companies whose tickers I could not find on Yahoo Finance):  [more]

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favorite stocks for the moment

August 14, 2007 – Comments (0)

The market is volatile, and my list changes very quickly. As of this evening, my favorite falling knives are: WMT, STP, FLML, WLT, WM, RYL, MDC, IBOC, LEE, AFR. Plus two stocks that are not falling but just look cheap: SBUX and BRK.B. 

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Can I disagree with Buffett?

August 14, 2007 – Comments (7)

Usually I appload Buffet's decisions. Now, there is one exception. Railroads.  [more]

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Why houses are better than stocks

August 11, 2007 – Comments (0)

What happens when you buy a stock on margin and it tanks? Correct, you lose your account and take to the streets.

What happens when you buy a house on margin and it tanks? The government bails you out, then supports housing prices until you're in the black again.

Buy a house.

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Housing bear: betting against Uncle Sam

August 10, 2007 – Comments (0)

Spitting against the wind is seldom prudent.  It is surprising that so many investors are willing to bet on a certain outcome when they know that the US government is doing its best to make sure that it never happens.  [more]

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2

spare me from my friends, and I'll handle the enemies on my own

August 05, 2007 – Comments (0)

I am writing these lines from Kiev, Ukraine, having just arranged for a cash transfer via Western Union after my bank card and my two credit cards have refused to work. My parents were on the other end of the phone line in New York, and they were able to help me out when I found myself stranded in Kiev due to the courtesy of bank officials protecting my security.   [more]

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