Someone to remember on election day

turdburglar — Tue, 06 Nov 2012 15:27:57 GMT

Dennis Nikrasch - I wonder what he’s doing these days. I love his quote – “I have no desire to explain anything to the public. Never smarted up a chump.”

When you watch the election returns tonight, just remember that you heard it here first - 488 days ago on this very blog. Thank you. Thank you very much.

Will Tim Pawlenty please rejoin the GOP race?

turdburglar — Thu, 19 Jan 2012 14:16:41 GMT

On May 16, 2011, I predicted the GOP Primary exacta as Pawlenty over Romney. That prediction isn't looking too good as Pawlenty quit back in August.

Or is it. Think about who is left for a second.

Mitt Romney, the cult member with hundreds of millions of dollars he made buying out companies and laying people off who calls $374k he made from speaking fees &...

Ron Paul

turdburglar — Tue, 15 Nov 2011 17:00:32 GMT

I always make fun of people who think Ron Paul will win or that people who don't vote for him are fools. He won't win. And people who vote just for the heck of it are fools as far as I'm concerned.

Elections should be bet on, not voted in, for the most part. If you already know who is going to win, you don't go stand in line at the polls to vote. You stand in line at the bookie t...

Rally feels a little suspect today

turdburglar — Tue, 08 Nov 2011 15:08:47 GMT

The Italian PM is resigning and that's supposed to be good news for stocks. I don't buy it. I'd say get out and risk missing the huge rally that will follow the guy's departure. Maybe when he leaves we'll find out that Italy is actually a lot better off than he's been telling us? Well then I guess we'd better all pile into stocks because Italy is the new Germany only more generous and they'll happily bail out the other PI...

AAPL - the market didn't get Siri

turdburglar — Fri, 07 Oct 2011 11:47:17 GMT

Attention drivers: you may now read and respond to text messages while you are driving.

That's like slightly cool, but I was like hoping for a different shaped case or something that would really wow me.

This is the reason that Apple is a buy. They know what you really want and what will really sell long before you do.

The mark...

AAPL on sale

turdburglar — Tue, 04 Oct 2011 16:44:31 GMT

Apple will gain market share with the release of the new iPhone and the price drops on the older iPhones, and they are making money hand over fist selling these things, and they have a lot of room to grow in the corporate world and foreign markets. The market just flat out blew it today on Apple. I would look for upgrades coming from analysts in the coming days as the information is processed. Apple releases earnings later this...

What does an iPad do that an Amazon tablet doesn't?

turdburglar — Wed, 28 Sep 2011 12:57:52 GMT

Make profits.

There was the iPod. It made profits. There were a bunch of cheap, crummy little MP3 players. They didn't make profits, or at least not anything worth mentioning. There were some notable failures like Zune, but the iPod is still making money. The Amazon tablet is just another sorry attempt to imitate the iPad. If you want to pay 100x earnings for the company, yo...

Market will be lower a week from now

turdburglar — Wed, 21 Sep 2011 12:21:31 GMT

You don't hear anyone saying "short the Fed statement". I'm not even sure the Fed will do anything. Operation Twist will not help anything but Treasuries.

Also, Bernanke now has cover and a perfect setup for a lesson for politicians called "don't f*** with the Fed." He comes out and says "no easing" and that's it. Market tanks. Everyone blames ...

Amazon primed for PE shrinkage

turdburglar — Thu, 15 Sep 2011 14:46:05 GMT

This one is a little long in the tooth to have a PE of 100. AMZN has nowhere to go but down. The PE just isn't going to increase from here. Sell now at 100x earnings and be happy with your gains.

There's one born every minute!

turdburglar — Mon, 12 Sep 2011 15:48:32 GMT

It's time to be greedy now. Others are clearly fearful. Ron Paul is taken seriously these days. Look back at 2008...and "Ol' Hopey" was taken seriously. Suckers have traded in optimism in empty and generalized promises for interest in some libertarian "let's abolish the Fed and go back to the gold standard" drivel. But just because they're suckers doesn't mean they aren't usef...

Bank of America didn't need to raise capital

turdburglar — Thu, 25 Aug 2011 12:24:27 GMT

They told us that a few days ago. Today they raised capital. They sold preferred stock to Warren Buffett that pays 6% and includes warrants to buy common stock at approximately the price just before the deal was announced.

Let me reiterate:

1. Everything is fine.

2. Bank of American does not need to raise capit...

Rallying on "Fed hopes"?

turdburglar — Tue, 23 Aug 2011 15:29:20 GMT

Hoping for what? Super QE where the Fed is going to step in and buy stocks?

I don't think you want to buy based on "Fed hopes". That sounds like bullsh*t to me. I say steer clear of the market until Bernanke speaks and whatever hopes are associated with him are in the past.

I think there are a lot of good stocks out there to buy and own even if a ...

Hurry! Buy Treasuries!

turdburglar — Thu, 18 Aug 2011 10:20:50 GMT

A ten-year is yielding a ripe 2%. Hurry and get it before the yield goes down to 1%!

Don't buy stocks! Especially not stocks with solid earnings and dividends well in excess of 2%.

Walmart? No one shops there any more! That dividend cut is almost guaranteed.

HP? They are making $5 per share these days, ...

The key to the homebuilding turnaround

turdburglar — Thu, 11 Aug 2011 12:35:26 GMT

I live in a Centex house in a Centex neighborhood. My wife describes Centex houses as "boring and bland". We have a small garage, a small yard, and an HOA that tells us we can't put a shed in the back yard or even put solar screens on the windows without their permission. We also get the privilege for paying $420 per year to fund these guys to make sure that none of our neighbors can put solar screens on their windows...

Random Thoughts August

turdburglar — Tue, 09 Aug 2011 13:03:08 GMT

1. The drought here in Texas is going to have to eventually have some kind of effect on food prices.

2. Obama doesn't fool anyone any more after yesterday. Even liberals are sick of his "I'll give a speech and that's about it" method of dealing with issues. He has no credibility with anyone that he knows what he's doing.

3. The Republi...

Stock selloff seems knee-jerky

turdburglar — Mon, 08 Aug 2011 14:27:33 GMT

Why are we selling our stocks today? Because the US Treasury bonds got downgraded by S&P - yes, the same S&P that said a big pile of subprime mortgages was AAA just a few years ago.

So when we sell our stocks because we're afraid of that S&P downgrade, what do we all pile into? Treasuries - yes, the same treasuries that just got downgraded.

I'm not sa...

So what's new?

turdburglar — Fri, 05 Aug 2011 18:00:58 GMT

Stocks are cheaper. That's the news.

The market is panicky that the market is dropping. You can debate whether now is the time to buy stocks, but you can't deny that now is a better time to buy stock than two weeks ago. The market just got itself into one of those deals where it focuses on the problems that have been hanging around being ignored for a while.

Sell now and buy back tomorrow for cheaper.

James News Rating Agency downgrades US debt

turdburglar — Mon, 18 Jul 2011 14:34:12 GMT

When the issuer of debt starts threatening to default because of internal squabbles and power struggles within the issuer's organization, it's not AAA.

When the issuer can't produce a plan how to get it's budget balanced within a 10-year time frame even using optimistic assumptions (like 4-5% growth and 3% interest rates on its bonds), it's not AAA.

When the issuer...

Obama wins re-election

turdburglar — Thu, 07 Jul 2011 13:55:46 GMT

You heard it here first.

- The Republicans are getting a little overreaching on their mandate to cut spending.

You didn't see a lot of Tea Partiers out there with signs saying "Cut Social Security and Medicare". Now we have the Republicans trying to do just that and using the debt ceiling as leverage. I'm not saying it isn't the right thing to do...

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