OldLimey

Total Rating:
0 / -1

140 Comments

    • Mon Nov 10th 15:23 PM | Rating: 0 0
      Commented on:
      Bear Markets: Look Forward, Not Back When Investing
      I look back and see a market that in October 07 apparently had no idea what lay ahead of it and therefore doesn´t rate any respect at all as a discounting mechanism. I look forward and see no compelling reason to believe all the salesmen now trying to part me from my money with calls of "the bottom´s in" .
      View article »
    • Mon Nov 10th 15:02 PM | Rating: 0 -1
      Commented on:
      Global Stock Markets: Valuations Improving
      The shallowest post I´ve read from a contributor who usually does very much better. BTW, can´t see the interest in trailing PEs and historic dividend yields in an environment where both earnings and dividends are seriously open to doubt going forward.
      View article »
    • Wed Nov 5th 11:04 AM | Rating: 0 0
      Commented on:
      Citigroup Strategist: Market Has Already Bottomed
      rber: The planet Mr. Levkovich hails from is called "Wall Street". Nothing - absolutely nothing - leaving that planet does so without a boost from self-interest. Seriously, though, does the guy have clients who actually pay for 'analysis' that shallow?
      View article »
    • Wed Nov 5th 10:44 AM | Rating: 0 0
      Commented on:
      A Framework for Valuing Today’s Market
      Looks like a double-top to me.
      View article »
    • Wed Nov 5th 10:36 AM | Rating: 0 0
      Commented on:
      Hedge Funds: What Happens When the Chickens Come Home to Roost?
      Good analysis. Thanks.
      View article »
    • Sat Nov 1st 10:56 AM | Rating: 0 0
      Commented on:
      Personal Income and Spending: Saving is the New Trend (Again)
      Don't know about the US, but in the UK nobody under 35 knows what 'saving' is - they just don't have the gene. As soon as conditions are right, they'll be back to borrowing and spending. As in the US, the government and the banks can't have it any other way because the economy is so biased towards household consumption.

      As for stimulus packages, there are two problems.

      1. A direct handout to consumers will either get banked or, to the extent it is spent, end up in the pockets of overseas producers (admittedly via some stimulation of domestic retailers, transportation companies, warehouses etc.)

      2. Infrastructure expenditure makes more economic sense, particularly in countries such as the US and UK which have some 'deficiencies' in this area. However, whilst I'm no engineer I would have thought the time it would take to plan and mobilise for any meaningful effort would shift the stimulus from resulting cash flows well into the next upturn. In fact, if meaningful infrastructure investments emerge in the next few weeks and months packaged as a stimulus to get us out of our current woes I would have to see this as a tacit government admission that the downturn is going to be deeper and/or longer than many observers currently foresee. (Rubini, Soros, et al excepted, of course.)
      View article »
    • Sat Nov 1st 10:33 AM | Rating: 0 0
      Commented on:
      Chicago PMI: The Word Is 'Scary'
      Horrible.

      investor88: I agree. I'm wondering whether the financial establishment and its media cronies were'nt out painting the tape for the mutual fund year end - with the added bonus that if they can get through to next week there might well be another kick higher on electoral certainty (whatever it turns out to be). No way of knowing, but the action looked pretty staged last week, even by 'normal' 2008 standards.
      View article »
    • Sat Nov 1st 10:27 AM | Rating: 0 0
      Commented on:
      Things Could Be Worse...
      tony Palermo: "Global trade is well and alive. " Have you checked out the Baltic Dry Index lately?......

      rsinvestor: "Global trade is very temporarily frozen because of the credit contraction. Once the credit starts flowing, businesses in all countries will march forth in true capitalist form to buy and sell based on their own best interest." Probably right, but when money does start circulating properly again you'd better prey hard that the central banks can rein in the monetary base they've been busy exploding. If they can't (or won't), monetary inflation is inevitable.
      View article »
    • Fri Oct 31st 14:55 PM | Rating: 0 0
      Commented on:
      What Will Get the Economy Growing Again?
      Economics: "This recapitalization package is supposed to pump money into the banking system to stimulate the economy."

      Afraid I don't have a link, but I'm pretty sure that I've seen an official document (FDIC???) which specifically suggests cheap Treasury funding could be used to purchase competitors. Don't think it got much air-time in the mass media!
      View article »
    • Sat Oct 25th 10:53 AM | Rating: 0 0
      Commented on:
      Deflationary Depression: Where Do We Go from Here?
      User 52095: dead right.
      View article »
    • Sat Oct 25th 10:43 AM | Rating: 0 0
      Commented on:
      U.K.'s First Economic Contraction Since 1992 Pounds the Pound
      "The Brits will have a very hard time now, trying to deal with falling values of their properties and their currency."

      Naaah. The economy's 'fundamentally sound'. Brown and Darling said so. Must be true.
      View article »
    • Fri Oct 24th 14:06 PM | Rating: 0 0
      Commented on:
      U.S. Recessions: 1900 - 2008
      I agree with bearfund.

      As an aside, anyone else notice how after denying a recession is on the cards right up to the bitter end, as soon as the admission is finally made the bulls start looking for data points evidencing the earliest onset possible so they can get the 'markets will soon be discounting recovery' story up and running?
      View article »
    • Fri Oct 24th 14:00 PM | Rating: 0 0
      Commented on:
      Too Early to Call a Bottom - Buying Anyway
      Pauly B: "How these people on CNBC can claim a bottom without evidence is beyond me."

      Remind me. Who owns CNBC?
      View article »
    • Fri Oct 24th 13:27 PM | Rating: 0 0
      Commented on:
      Another Bloodbath?
      Mr. Borenstein: A couple of thousand points ago you were saying the Dow was in the final stages of shaping up for a rally through 14,000. Did your model not see the intervening 'dip', or did it just not seem important enough to mention?
      View article »
    • Fri Oct 24th 13:10 PM | Rating: 0 0
      Commented on:
      The Fed and the Banking System
      Thanks to the author, and to jloundsbury59 and Kevin Lamson for helpful comments.
      View article »
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»