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starbucks4ever (96.89)

March 2010

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4

Marx, Lenin and Obama

March 31, 2010 – Comments (3)

Special note to the Editor-in-Chief of the Forbes magazine Steve Forbes, an idiot.  [more]

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3

What's up with Bush's tax cuts for billionaires?

March 26, 2010 – Comments (13)

There were campaign promises to end them in 2009, then they said they'd just let them expire in 2010, and then the talk sort of subsided and I never followed it since then. What is the current situation? My opinion is that if these cuts are ever allowed to expire, this will be a huge boost for the market. And what do you think?

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9

Idiot of the day: myself

March 25, 2010 – Comments (4)

I give today's award to myself for expressing skepticism about Greece only a few hours before the bailout is announced.

http://finance.yahoo.com/news/Eurozone-agrees-on-bailout-apf-1325706734.html?x=0&sec=topStories&pos=1&asset=&ccode= 

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6

Will GS buy Greece?

March 25, 2010 – Comments (3)

The Greek debt crisis and the talk about collapse of the Eurozone looks very fishy to me. First, there was no reason to pick on this particular country whose finances were about as good (that is, as bad) as those of any other country. Second, they are now squabbling over a ridiculously small sum after spending trillions on bailouts of parasite banks. This means that the crisis is political in nature and some politicians in Europe, but perhaps not only in Europe, are trying to deepen it. Such political crises are very dangerous beasts, they defy the normal economic analysis and  have a way of getting worse just as you thought it was time to buy. I don't think it's a good idea to even consider Greek investments at the current moment. I see a high probability of a very deep debt crisis in Europe that our own GS/JPM/WFC will both instigate and promote, ending in a Marshall plan for PIGS where GS/JPM/WFC will purchase Greek bonds for 10 cents on the dollar. Buying PIGS now would be the same mistake as buying S&P at 1200 in the summer of 2008.  [more]

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13

Question from a bagholder

March 24, 2010 – Comments (3)

Hello everyone! I am a bagholder and I always trust free advice from financial professionals. Recently I came across two interviews from PIMCO executives, and it left me scratching my head. I am still puzzled and I thought maybe somebody could explain it all to me.   [more]

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4

Investment advice from GS: buy overvalued currency

March 23, 2010 – Comments (0) | RELATED TICKERS: GS

...and wait for it to become even more overvalued. I love Goldman!  [more]

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9

Two healthcare bets

March 22, 2010 – Comments (9)

I bet my entire 2000 Caps points that both of the following will happen before 2014:  [more]

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2

Buffett's bonds are safer that treasuries

March 22, 2010 – Comments (0)

The debt junkie government can no longer sell its junk to any investor except Ben Bernanke.  http://www.bloomberg.com/apps/news?pid=20601087&sid=aYUeBnitz7nU&pos=2

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Genius of the day: Pelosi

March 22, 2010 – Comments (4)

Pelosi perfects the art of demagoguery by boasting that she and her fellow parteigenossen have just turned what used to be privilege into a right of all Americans. Sure, we are all grateful for the new right that we have, but why stop half-way? I propose that we introduce individual mandate to practice our right of free speech, with heavy fines for those who refuse to speak freely. We could also do with an individual mandate to practice freedom of assembly and we must introduce fines for those social outcasts who refuse to assemble freely, to make the mandate stick. There should also be an individual mandate to pursue happiness bolstered by fines for those individuals who fail to pursue happiness. Don't stop half-way, Ms. Pelosi. Have your parteigenossen review every article of the Bill of Rights and pass legislation that will elevate all those rights to the same level as the right to mandatory healthcare.  [more]

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5

Comparison

March 20, 2010 – Comments (10)

Country A:  [more]

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Suggestion for Democratic Fools

March 19, 2010 – Comments (19)

Since it is now clear that the only legitimate reason for Republican opposition to the healthcare bill is an awkward name "obamacare" that carries unwanted references to the opposing political party, there is still time before the final vote to assure a smooth passage of the bill by giving it a better-sounding name that should placate the Republican opposition.  My suggestion is this: "The All We Ever Wanted To Get From Congress But Were Afraid To Ask Healthcare Act".  [more]

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Interesting...

March 18, 2010 – Comments (10)

How to get a job in business? Short BuffettMAR 17, 2010 16:41 EDTBERKSHIRE HATHAWAY | CORNELL UNIVERSITY STUDENT | HEDGE FUND MANAGERS | ORACLE OF OMAHA | WALL STREET ANALYST | WARREN BUFFETT

Raj Rajagopal will graduate from business school in May and he’s currently looking for a job. But don’t expect the Cornell University student to get a call anytime soon from Warren Buffett.  [more]

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19

Idiocy continues as bargains end

March 17, 2010 – Comments (4)

Quite simply, the markets are becoming a little frothy. As we are finally entering the parabolic stage that I expected last year, I find it almost impossible now to identify any compelling bargains. There are still quite a few stocks that I would like to hold at these prices, but almost no stocks that I would like to buy. 

 

 

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Khodorkovsky to Putin: you owe me answers

March 17, 2010 – Comments (3)

Since both men have failed at their current jobs (one as a seamster, the other as prime minister), I think it may be a good idea to swap them. No chance of that happening during the current trial, but maybe later...   [more]

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Idiot of the day: the stock market

March 16, 2010 – Comments (5)

Enough said!

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Idiot of the day: AP

March 15, 2010 – Comments (1)

When you can't give a rational explanation for the latest random fluctuation of the stock market, you produce some pseudo-scientific garbage like this. Yes, AP, you're right! Of course the news that the U.S. credit rating is under threat is all that's needed to convince an investor to seek safety in the dollar.   [more]

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Idiot of the day: the American people

March 14, 2010 – Comments (4)

The "yes we can" man delivers his promise that individual mandate to enrich HMOs will be good for the health of the budget, because he knows the American people is stupid enough to swallow this promise hook, line, and sinker.  [more]

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Idiot of the day: Wen Jiabao

March 14, 2010 – Comments (0)

Chinese bagholder Wen Jiabao wins the Idiot of the Day award by insisting that the yuan should remain undervalued vs. the dollar. While afraid to give up China's imaginary paper wealth that has never been anything but a fiction, he manages to overlook the fact that under the current exchange rate, Chinese are toiling essentially for free for their Western masters. You are right, Comrade Wen! Keep toiling away for 1 cent a day. If your economy runs into trouble, consider settling for 1 cent every other day. The main thing is to persevere at it. Just make sure you never digress from the chosen path!   http://online.wsj.com/article/SB10001424052748703780204575120542721836752.html?mod=WSJ_WSJ_US_World  [more]

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Time to run away from smallcaps

March 08, 2010 – Comments (1)

I just realized that the easy money in smallcaps has been made and that I have to start shorting the more vulnerable segments of the US smallcap market, possibly as soon as tomorrow, with special emphasis on perceived turnarounds and special situations. I realized it when I saw that the Fool is launching another newsletter service. 

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10

What's happening to Medicare?

March 06, 2010 – Comments (5)

All of a sudden the authors of the misnamed "healthcare reform" begin to look like an executive who purchases a fancy necktie but forgets to put on his pants. While they put up a heroic struggle to insure the uninsured at twice the ongoing market rates, they can't even figure out how to continue insurance for the already insured. While it's true that Medicare coverage is slowly evolving into a Potemkin village anyway, this particular lapse of reimbursement was entirely avoidable - if only they took a day off from discussing Napoleonic plans to get to the nitty-gritty of finding a paltry $10 Billion to avoid this March debacle. It would be very interesting to know how many patients had their planned visits rescheduled this week while the doctors were taking their sweet time waiting to get back their 20%. The incentive is clear. If you can see a patient this Monday and get $80, or you can see him a week later and get $100, what will you do?    [more]

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Bye, IBN!

March 03, 2010 – Comments (5)

CAPS and real-life portfolio rebalancing continues. Today I was happy to close my IBN pick, winning my 5 points. I have vowed to get rid of all foreign stocks with a single exception for Airstrip One (a category into which I also, politically incorrectly, include AIB and IRE), and so I happily took a small profit on IBN and said good-bye to it. I have nothing but admiration for IBN as a company, it's an excellent bank in an excellent country, but I cannot hold in this market because it's a foreign stock. I had to exit it because the only way to play this game that makes sense to me is by going long USA and shorting everything else. I still have a few foreign picks that I've been unable to close because they're underwater, but I have no doubt that sooner or later the natural market volatility will provide me with a suitable exit point for most of them.   [more]

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