November Stock Talk III

Vermeer,

Now you are not only fighting the envronmentalists, you are fighting the automakers and as for who to fear more, it is the automakers.

One thing we are not discussing..OPEC is an ologopoly..so unless we become completely independent of foreign oil, we are still susceptible to their pricing..and forbid the pricing to be weighted to a currency measure, holy crap.

If OPEC were to ever attempt those measures, you would see the FED scramble..and I mean seriously scramble.

I dont get it (different topic) how people do NOT understand the severe damage that the Fed is doing to our economy with this dollar devaluation. It is SEVERE...and it will take 10 yrs to unwind..what does the FED think will happen when they stop selling the greenbacks at the market and slow supply? You want to see economic damage, just start slowing and reversing policy. Want to see the market sub 10k start slowing this monster.

I dont see how it will not completely destroy our economy..I just do not see how. It will make this mortgage mess seem like a appetizer..     

 Back to stocks, wish I had bought a bunch of MT when I first thought I should...and it looks like SKF may hit $100 before oil does...

  I agree on OPEC but really it is their oil, not ours, and they are smart to get whatever they can gouge for it.It is a non renewable asset...we, on the other hand, have had a long time to develop alternatives, and have not lifted a finger (again, a bipartisan "accomplishment") If Detroit does not come up with a vehicle of the future soon, it will die, pure and simple.

 Is Saudi ever falls, you will see that nightmare oil/currency scenario unfold, and rapidly...

 I agree with you regarding the FED...totally.

Vermeer,

This administration has presented zippo towards initiatives or ideas.

What if Bush were to sever ties with his Saudi buddies and his fathers employers and make a stand towards stopping our dependance? The only good thing we have is if a dem gets in next term, then we have a shot at some incentives towards alt energy. Another repub in and oil keeps chugging.

The problem with drilling and pipeline is it will take YEARS for any of this to impact supply.

Tried to buy some CRDC at 8.90 but she moved off the lows..will keep a day order in on the stock.

Also I am considering some SPWR or FSLR options (FSLR has earnings..yikes!)

keep shorting those banks and lenders and credit card companies

wall street, "show us your fucking skeletons"
banks, "we're not obligated to price the SIVs and report"
wall street, " FU, we're selling"

please read this blog to understand what sort of shitstorm we're in for

every dem running as already mentioned tax hikes, closing corporate loopholes, universal healthcare. find some quotes from Obama-nomics. real scary

so if we have Dems everywhere in washington and no gridlock... well, we're in deep shit

  WSC I just think the "Bush made Americans all rush out and buy gas guzzler"theory an offloading of collective guilt.

 We have not had a responsible energy policy in my adulthood. Neither political party has offered up one.

 As a population we have chosen to waste precious resources. And we did so on credit.

  I saw a cartoon the other day, a guy standing amidst people yammering on their cell pones, explaining why Americans don't like people listening to their private conversations!! The public's oil policy is filled with a similar hypocrisy.

Koaj,

Well to me they can give every single citizen healthcare, close the loopholes etc..that is nothing compared to what I feel is going on with the Fed right now.

Obama isnt going to win..so he is a non-factor in my mind.

Tax hikes are scary, but how we are selling our country at bargain basement prices is even MORE scary.

Speaking purely of alt-energy initiatives, we need a GREEN in office, not this oil whipping boy who is in office now.

You are right about financials..to me the market is pricing in OTHER issues than mortgage destruction..

Vermeer,

The "worst president in our lifetime" was the only president who tried..and everyone thought he was wacko.

Carter was one of the smartest presidents we have elected..not the most political savvy guy, but smart most definately.

I also think you drastically underestimate the power of the automakers. If ANYONE should be going forward with these ideas it is them, yet only the foreign makers have put out any products which ammt to jack sh!t. The lobbyists for the automakers are doing a great job at pushing the issue to the backburner and it will probably take a public uprising to bring this to our politicians..if they can take their minds off the freebie cash to see what the issues are.  

 Umm, kindly do not mention Mr. Carter...I really am just now getting over the fun of 14 per cent prime rates and that awful Georgia accent (and I am from Atlanta originally)..and his utterly fatuous foreign policy.And the fact that I actually voted for the twit.I can't stand to even see him on TV any more.

 As for Obama, I would vote for him any day before the tiresome shrew...I know whatever she says is simply tactical, and hypocritical..at least he might have a different appeal to the entrenched misery and factionalism that would prevail should



 

oops..ms clinton be elected.Read Andrew Sullivan's interesting article in the Atlantic on him (as opposed to anyone else)...

What is your basis on the stock? How many shares?

Vermeer,

I will debate you till the cows come home on Carter.

To blame him for what the FED did makes ZERO sense to me.

You have to realize that a ONE term president has very little effect on economic policy. The FED drives rates, not the president of the country, especially a one term bandit.

I am a LITTLE younger than you..not like 15 yrs or anything, so I remember Carter pretty well.

My point was in regards to ALT-ENERGY he was the best we have ever had and as for intelligence, who is smarter, Reagan, Bush????

Nope..  

  He was a one term president for a very, very good reason. He was a twit. Same reason George Bush Sr was a one term prez. He was a twit also, just in a different way.

Having a solar panel on the WH does not get you a free ride regarding foreign policy fatuities. But OK he had a peanut farm and a solar panel.Should have stayed on the farm.

He is a smarmy, smug twit who condescends to every president...wears his religiosity on his sleeve and thinks it means he is speaking for God...even Clinton had to get rid of him when he mistakenly sent him to NKorea (now there is a place that could use him hehehe).

 Like I say, I have a visceral dislike for his brand of holier than thou style. He is one guy I would not mind pimp slapping back to Buckhead!!!!



 

 
 

 Back to down  the present...market lose another 100 or so in the next 50 minutes, or more?

 Closes at 12,800 by week's end?

Vermeer,

Nah..I see them closing the bond market and moving the stocks up as usual.

I tried on some SPWR options, damn these spreads are a buck and I try to get on the bid, then the stock runs 2 bucks..no joke.

SPWR up 5 bucks in 15 min.

im so pissed im not long this thing

my company highlighted it on oct 25th at $10

+30% since and the strongest stock in the world

So much for my guessing..

Wow they pounded it late.     

Wall,
 You will be interested in this article ..science/solar, not political...

https://www.i-sis.org.uk/QDAUESC.php

Vermeer,

Thanks.

Oh and I dont mind political rumblings..I can dish it and take it.

 Lotta red ink out there. I am glad I re-read my Benjamin Graham last night, particularly the page that said something  like:

"Imagine instead of gloomy reports, a newsman came on and said investors celebrated as their favorite stocks went on sale yesterday. Some were on sale for as much as 20 per cent off. Investors rushed to buy as price cuts of this order will not last long."

 Does kinda allow one to keep a cooler head...I still like the same stocks I liked yesterday. Some are more expensive (BRKB, SKF) some are on sale today (MSFT)

FSLR looks good in after hours, up 20 bucks!!

I bot some SPWR 140s, a day order got triggered on the selloff..

Lets hope I can catch a few bucks on the run up and make somthing tomorrow.