sbenard

Comment Stream

Filter comments by:

Highest rated Latest comments

Or filter by symbol:

Washington Needs to Trim the Fat, Not Tax More

Great article on the subject:

www.canadafreepress.co...
Jul 22 13:14 pm |Rating: 0 0 |Link to Comment |View article
Washington Needs to Trim the Fat, Not Tax More

I and other small business owners are already looking to position more income in places to protect it from confiscation by Obama the shameless pickpocket politician. Why is it that these paid goons are heroized for stealing from others, when if they did the same thing with their hands, they'd be thrown in prison? They are just as dishonest, but end up with their names on buildings and highways instead.

This is already beginning to have reverberations through the economy. One business owner down the street has already laid off two employees. He's working 12 hours days to make up for the lost productivity.

"The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence. If `Thou shalt not covet' and `Thou shalt not steal' were not commandments of Heaven, they must be made inviolable precepts in every society before it can be civilized or made free." -- John Adams (A Defense of the American Constitutions, 1787)

We have now arrived at the tipping point where half the U.S. population sees almost no taxation, and they have no qualms about voting for the politicians to keep taking from the other half so they can have freebies. It will end disastrously. Just ask Hugo Chavez. He's been doing the same thing in Venezuela for the past five years, and his country's economy has all but collapsed. If it weren't for billions in oil revenues, he'd probably be living on the streets, too.
Jul 22 13:11 pm |Rating: 0 0 |Link to Comment |View article
Historic Financial Collapse Underway?

No shortage of opinions on this one. Must have hit a nerve.

Does anyone really read them, or are they just venting? I'm for venting!
Jul 21 08:16 am |Rating: 0 0 |Link to Comment |View article
Barclays Global ETFs: iShares Doing the Splits

Thanks for the advisement. You saved me a heart attack!
Jul 21 08:04 am |Rating: 0 0 |Link to Comment |View article
Inside the Dubai Gold & Commodities Exchange: An Interview with Malcolm Wall Morris

The volume of the Dubai Exchange is still currently very small compared to US exchanges. However, with the U.S. Congress determined to interfere with the markets, this will probably change, and it could happen very quickly. I personally would change to Dubai and China exchanges without batting an eye. It would be even easier for large funds to do so.

After the impact that one rogue trader from Societe Generale had on the markets in January, Congress should consider the impact on the Dollar -- and commodity prices -- if several hundred billion Dollars were to shift to commodity exchanges overseas.

The consequences could be catastrophic for the Dollar, commodity prices (very bullish), U.S. financial markets, and the U.S. economy.

The old saying that we'd better be careful what we wish for is true in this case, too. If we get restrictions on futures trading, we'll regret it!
Jul 21 08:00 am |Rating: 0 0 |Link to Comment |View article
ETF Pick of the Week: ProShares UltraShort Oil & Gas

Deutsche Bank has created the first short and ultra short crude oil ETFs, none of which I've seen mentioned in this article. Another poster accurately mentioned that DUG shorts oil (& GAS) COMPANIES, not oil itself. Keep in mind also that oil and gas do not always move in the same direction.

The DB ETNs, on the other hand, short OIL, and oil ONLY! They also provide a way to increase the leverage of falling oil. Personally, I am still convinced that this oil pull-back is temporary. Last summer, crude oil pulled back, but then rocked higher to $100 before Christmas, and the rest is history...

The DB tickers for shorting oil are DTO (leveraged) and SZO. They are only about a month old, but have grown explosively. DTO is already close to 1,000,000 shares a day, and sometimes 2-3 times that amount.

DB also offers two long oil ETNs -- DXO (leveraged) and OLO.
Jul 21 07:33 am |Rating: 0 0 |Link to Comment |View article
The Oil Bubble Will Meet the Same Fate as Tech, Housing

No shortage of opinions here!

Correction, yes! Bubble, no way!
Jul 18 19:05 pm |Rating: 0 0 |Link to Comment |View article
Best and Worst Performing ETFs This Week

If the bullish commodity ETFs were the biggest decliners this week, then it only makes sense that some of the biggest winners would have been the leveraged commodity shorting ETFs. Why have these been omitted? Perhaps these new short commodity ETFs/ETNs will play a critical role going forward to keep commodity prices in check. Banning commodity traders at this point would be shooting ourselves in the foot!
Jul 18 13:29 pm |Rating: 0 0 |Link to Comment |View article
Wind, Natural Gas ETFs: Oil Man Pickens Thinks You'll Make Money

You forgot to mention UNG, the largest nat gas ETF. It has 35 times the volume of FCG.
Jul 15 14:47 pm |Rating: 0 0 |Link to Comment |View article
Treasury Bailout of GSEs: Laissez-Faire In Serious Jeopardy

Ames, I enjoyed your website. Especially the politics pics. LOL!
Jul 14 19:14 pm |Rating: 0 0 |Link to Comment |View article
Bond Expert: Monday Wrap

John, I confess that I have little understanding of what makes the bond markets tick. It would have seemed to me that with all the inflation, interest rates should have been rising like smoke in a forest fire.
I appreciate your insights here, and on your website. Good stuff!
Jul 14 18:54 pm |Rating: 0 0 |Link to Comment |View article
Dollar on the Defensive Pending Bernanke Testimony, Retail Sales Data

Few people have more credibility than Jim Rogers. He's dead on! Since when should the Fed or Federal government be buying the stock of ANY company? This is just more signaling of the grave seriousness of the situation. It adds fuel to the fire!
Jul 14 18:52 pm |Rating: 0 0 |Link to Comment |View article
The Dollar's Decline: Taking Responsibility for the Future

jlounsbury59--

Calling lower taxes cut "snake oil" is hardly "NON-political&qu... Suggesting at least two policy initiatives in a single article -- BOTH of which are that the answer to all are problems are HIGHER taxes -- is hardly NON-political.

What planet are you living on?
Jul 12 15:15 pm |Rating: 0 0 |Link to Comment |View article
The Dollar's Decline: Taking Responsibility for the Future

As if no one else has already said what needs to be said, I'll parrot what has been adequately covered by others, just to weigh in. I'm glad other readers "got it".

"Here comes the orator, with his flood of words, and his drop of reason" -- Benjamin Franklin (I would change the word "orator" in this case, to "professor", except when I'm referring to Obama).

Here we go again. More ivory tower liberal university professors who are members of the elitist Council on Foreign Relations who promote one world government, the compulsory religious fraud of global warming, monstrous taxes, and socialism. The government is always the ultimate answer to everything!

Unfortunately for you, professor, in this forum, we don't have to regurgitate -- or believe -- your intellectual garbage to get a good grade. We can think for ourselves, and unlike young students just out of puberty, we aren't all foolish enough to buy your "higher taxes are better" baloney. Most of us have real businesses or real jobs, so we know how the REAL world works. That's why your malarkey falls on few receptive ears.

You are more proof, prof, of the old adage that "those who CAN, DO; those who CAN'T, TEACH!"
Jul 12 15:09 pm |Rating: 0 0 |Link to Comment |View article
Key Earnings Reports This Week

Can anyone tell me why Thursdays have the overwhelming majority of earnings reports?
Jul 12 14:53 pm |Rating: 0 0 |Link to Comment |View article

sbenard's Comments Stream Stats

237 Comments, 25 , 6
Total Comment Stream rating - = 19

Free E-Newsletters
Wall Street Breakfast - Sample Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought. Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only. Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week. Oil demand withers. The International Energy Agency warned Friday worldwide oil demand... Email continues...
The Macro View - Sample Seeking Alpha - The Macro View Market Outlook An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy Long Term, Financials Look Good by Michael Filloon Round 3 of the Recession: Main Street by Paul Fekula Oil Price Oil Below $75: Increased Chance of OPEC Production Cuts by Money Morning Oil Down 48% from Highs by Bespoke Investment Group Oil & Gas Headed Lower as Economy Strikes Consumers by Michael Filloon Economy Long Term, Financials Look Good by Michael Filloon Round 3 of the Recession: Main Street by Paul Fekula Reality Bites As Stocks Continue To Collapse by The Mole Email continues...
Investing Ideas - Sample Seeking Alpha - Investing Ideas Cramer's Picks Farewell Financial Bear Raids - Cramer's Mad Money (10/14/08) by SA Editor Joan Wickham Better Picks - Cramer's Lightning Round (10/14/08) by SA Editor Joan Wickham Perhaps Industrials... Cramer's Stop Trading! (10/14/08) by SA Editor Joan Wickham Long Ideas Utilities Beginning to Generate Interest for Longs by Joe Kunkle The Long Case for Encore Capital by Value Investor Insight 2009: The Year of the Channel for SaaS Vendors? by Jeff Kaplan Two Global Infrastructure Investment Opportunities in ETFs by Investment U Market Behaves Sanely - Fast Money Recap (10/14/08) by SA Editor Joan Wickham Short Ideas Why Short Sellers Are the Heroes of Wall Street by Investment U Salesforce.com: Pricey and Coming Down Fast by Charlie Bottle Google: 3Q Results Reveal Chinks in the Armor by Mark Krieger Email continues...
Jim Cramer's Picks -
Sample

Better Choices - Cramer's Lightning Round (10/15/08)

by SA Editor Rachael Granby

Stocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.

Bullish Calls:

Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.

Bearish Calls:

Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend.
Email continues...
Stocks & Sectors - Sample Seeking Alpha - Stocks & Sectors Internet eBay: Q3 Looks Good but Q4 Guidance Disappoints by Greg Feirman Is Google Feeling Lucky? by Sam Gustin Why Today Could Suck for Tech by Kevin Maney Media A Triple Financial Whammy Afflicts Newspapers by Ken Doctor Three Years On, Buying MySpace Looks Like One of Murdoch's Smartest Bets by Erick Schonfeld How Will Arbitron Fare in This Market? by Sreeni Meka Telecom Ten Ways to Invest in Louisiana by Stockerblog Earnings Preview: Electro-Optical Engineering by theflyonthewall.com Shared Docks Via WiFi All the Rage by Dean Bubley Financial Switzerland Strengthens Its Banks; Short Interest Remains Low by Jessica Johnson Reality Bites As Stocks Continue To Collapse by The Mole LIBOR Shows Worst Is Yet to Come for Credit Markets by Keith Fitz-Gerald Email continues...
Global Markets - Sample Seeking Alpha - Global Markets China An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy USANA Health Sciences Inc. Q3 2008 Earnings Call Transcript Perfect World Announces Share Repurchase Program by Trader Mark China: Hot Money Inflows Down, Nervousness Up by Michael Pettis India Indian Economy Has Much to Cheer About by Equitymaster India: RBI Cuts Cash Reserve Ratio by Equitymaster India: Markets Continue Downward by Equitymaster Japan Sanyo Enters Thin-Film Market, Goes Up Against Sharp by Greentech Media Asia Four International Dividend Stocks to Watch by David Hunkar Eastern Europe Reality Bites As Stocks Continue To Collapse by The Mole Email continues...
Alternative Energy Investing - Sample Seeking Alpha - Alternative Energy Alternative Energy Seven Stocks for an Impending Apocalypse by H.J. Huneycutt Solar Shares Under Pressure From Credit Crunch and Pricing by Eric Savitz Trina Solar Looks Good, Though Market Yawns by Trader Mark The Electric Car Market: Wise Energy Use Stocks by Tom Konrad Investing in the Power of the Sea
ETF Daily - Sample Seeking Alpha - ETF Daily Sector ETFs Too Early To Buy Homebuilders ETF by Larry MacDonald Utilities Beginning to Generate Interest for Longs by Joe Kunkle Two Global Infrastructure Investment Opportunities in ETFs by Investment U New ETFs First Trust Launches Infrastructure ETF with Global Reach by Index Universe Overview and Analysis of the Global Generic Drug Industry by Mike Havrilla Emerging Market ETFs Brazil Is the Best of BRIC by Carl T. Delfeld Playing the Market in Difficult Times by Jason Hamlin
The Daily Dispatch - Sample Seeking Alpha - Daily Dispatch Wall Street Breakfast Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby US Market An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby Housing & Real Estate Too Early To Buy Homebuilders ETF by Larry MacDonald Another 'Root Cause' That Isn't: Tumbling Home Prices by Tim Iacono Transcripts TrueBlue, Inc. Q3 2008 Earnings Call Transcript Polycom, Inc. Q3 2008 Earnings Call Transcript ETF Too Early To Buy Homebuilders ETF by Larry MacDonald
We don't spam