junkyarddog

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  • Goldman Cuts Sun Rating as Revenues Expected to Dim
    This is just to show how stupid and useless David Bailey is.

    Downgrade a stock after it had already lost 80% of its value?

    Nice job, great timing.
    Jan 08 11:17 am |Rating: +1 0 |Link to Comment |View article
  • iTunes Breaks 6 Billion, DRM is Dead
    $37 dollars in the past 3 years...

    I mostly imported my physical CD's into iTunes (not a whole lot) and I keep buying a few songs here and there. Like you, I'm also past my music buying prime.
    Jan 06 15:47 pm |Rating: 0 0 |Link to Comment |View article
  • Citigroup Sees Gold Reaching $2000
    I don't know what it's going to happen to gold. What I know is that FUD (Fear Uncertainty Doubt) is the best seller. It worked well for oil for a while (i.e. peak oil theory, wars over oil, you name it). We see the same thing now being played on gold.

    It's possible gold will rise, but it's also possible gold will drop as many people -- believe it or not -- still see safety in the US dollar. I just question the "author's" motive for this doomsday scenario, predicting even nuclear wars. A bit of desperate sales pitch, don't you think?



    Dec 03 15:23 pm |Rating: +1 0 |Link to Comment |View article
  • Oil Won't Drop Forever
    You can't go wrong with comments like that, it's just like saying "buy low, sell high". What we need to know is one minor detail: timing.

    I'm sure most people will agree oil will eventually go up, the question is by how much, how fast, how long. Without some guidelines on this information simply speculating that "oil will go up" is a bit useless for investors.
    Dec 03 10:26 am |Rating: +2 0 |Link to Comment |View article
  • Options Trader: Outlook for Turnaround Tuesday
    Helicopter Ben looks now like a child's game, as the world managed to throw money around more than Ben could have ever dreamed. What will be the price to pay? Hyperinflation or deflation?

    I think deflation, as if the US starts printing money, all our foreign investors will pull out. They're not stupid. Zimbawe is a case apart, as foreign investments in that country is near nil, so they can print all the money they want and... they did it.

    In times like this is difficult to predict anything.
    Oct 15 11:01 am |Rating: 0 0 |Link to Comment |View article
  • Options Trader: Thursday Outlook - How Much More Disappointment Can We Stand?
    It's interesting that the market's psychology was similar when oil was >$140 and people were cock sure it'd hit $200 soon. When the dust settled (albeit perhaps temporatily), more realistic values return to market.

    This time around I don't know what the DOW's "real" value is or should be. However, one thing is for sure: there's a lot of panic out there and as such it's hard to assess value on anything.

    If it goes below 9K I imagine a lot of people will take their 401K's out of stocks and move it to money markets, perhaps compounding the sell-off.
    Oct 09 12:21 pm |Rating: 0 0 |Link to Comment |View article
  • Dollar Soars
    One can't disagree with Smarty_Pants. A few things to add, though. The dollar is measured against other currencies WHICH right now they must be "perceived" as doing worst against the dollar (they go down, we go up). Why? I don't know, as the US fundamentals aren't there.

    Europe's banking system is not as transparent as the US and who knows, the hole in their balance sheets must be big too. At least key US figures are known to the world and -- right or wrong -- we're dealing with the crisis (we'll, at least there's a lot of talking about it).

    So, to sum up, don't put too much faith in other currencies either; they're just like ours: paper money with no intrinsic value, just perception. Scary but true.

    Sep 30 15:09 pm |Rating: 0 0 |Link to Comment |View article
  • Don’t Blame Wall Street - At Least Not Completely
    It's hard to follow this article, the author is all over the place trying to look for a culprit. HAVE YOU EVER HEARD of D-E-R-I-V-A-T-I-V-E-S?

    "These are your banks and they fund your life". I love them too: when they made billions with the housing boom I don't remember having a share of their profits. Now that they collapsed (google "derivatives"... they want the taxpayers to jump in. No one needs that kind if funding.

    I can't stand when amateurs write articles to Seeking Alpha.

    Sep 29 17:16 pm |Rating: 0 0 |Link to Comment |View article
  • Options Trader: Monday Outlook
    I see Phil's articles at Seeking Alpha as an incredible help to the average American, which is provided free of charge. I don't use Phil's options recommendations (they aren't posted hare anyway), so why don't you write your complains where they belong, i.e. Phil's stock world?
    Sep 29 13:32 pm |Rating: 0 0 |Link to Comment |View article
  • Options Trader: Thursday Outlook
    I found it interesting that you haven't commented on Bush's speech last night. Some said it was his best speech ever, although in terms of leadership he's probably so irrelevant at this point you didn't even pay attention.

    When the dust settles, I hope Paulson, Barnanke and Cox are brought to trial. Talk about crooks, they put Nixon to shame.

    "Democrats and Republicans coming together". It makes me sick, as it was under their watch all of this $ trillion plus robbery happened.

    Sep 25 11:23 am |Rating: 0 0 |Link to Comment |View article
  • Options Trader: Monday Outlook
    What a tough day, oil reaching $130 for October on pure supply and demand fundamentals..., stocks tanking, panicking showing its ugly head, ald gold gaining a lot. The doomsayers had their day (week).

    I can't wait for the next article tomorrow to see what Phil makes out of this insanity.
    Sep 22 17:21 pm |Rating: 0 0 |Link to Comment |View article
  • Crude Oil Back Above $110; Trading Halted (Briefly)
    It's all fundamentals based on supply and demand...
    Sep 22 16:08 pm |Rating: 0 0 |Link to Comment |View article
  • Options Trader: Monday Outlook
    Your last words "be very afraid"... I already am. Afraid that the $700 billion mega bailout is not going to be enough. Afraid that my kids and their grand kids will still be paying to bailout the Wall Street casino playes, who should be in jail.

    I'm really afraid that all we'll do is buy time (another few years) instead of fixing the problem: let the unscrupulous private banks fail and work on protecting the credibility of the governement itself and the dollar (what's left of it). Of course it's painful, but at least future generations will be (should be) freed from this deadly derivative virus.


    Sep 22 10:00 am |Rating: 0 0 |Link to Comment |View article
  • Throw Bailout Money at the Causes, Not the Symptoms
    I don't want to insult anyone, but I don't know how else to tell you this: do you realize how dumb of you to even THINK there's a significant difference between Republicans and Democrats?

    This "game" of parties pointing fingers at each other has been going on for decades and people still believe in this corrupt 2 party system, where in essence there's no choice at all between the two.

    Sure, throw gay rights, abortion, or other hot potato issues to divert attention from the real issues, such as the economy, energy policy, education, and war to name a few. In all of the above both parties are identical: spenders, war mongers (yes, even the democrats), influenced by oil companies, and both insist on the same ideas for a failed education system.

    Obama, McCain, what a joke. Both will do what the next president will do (read above).

    I could go on but you get the point (I hope).
    Sep 19 16:15 pm |Rating: 0 0 |Link to Comment |View article
  • Options Trader: Friday Outlook
    These are crazy times, even worse than those of South America in the 80's. Remember their inflation of over 2,000% a year? Back there their goverment exausted all intervention options; all possible interventionists ideas ever written in all economic encyclopedias of the world. Of course, nothing worked for them, even changing their currency name several times AND declaring martial laws to freeze prices! What worked for them, starting in the 90’s (specifically Brazil)? It’s simple: their government stopped spending and printing money.

    These are indeed scary and desperate times. All because of greed, out of control spending, and addiction to gambling (derivatives anyone?).

    Thanks again for writing your articles free of charge to us, and shedding some light amidst such insane times.
    Sep 19 10:05 am |Rating: 0 0 |Link to Comment |View article

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