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| IT'S A BEAR BRAWL! |
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| DKnightSr |
 Posted: Mon Oct 01, 2007 10:34 am Post subject: |
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Member of the Month
May
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Ah, once again it is time to get the DOG in, and let the SPY out. Don't know why everyone went to fantasy land today....but this "Chicken Little" loves it. Physics tells us "That which goes up, must come down", and my DOG is on point. Nose....straight to the ground 
Now for all those that believe a company can announce a 60% reduction in profits for the quarter....and still score a 3% increase (C), please....send me some of what you're smokin'....it must be GOOD stuff!
Meantime....zip your billfold tight.....things could get Western here soon. The O.K. Corral just ain't big enough for this many contradictions. The shoot out should be great! 
E-dollars....100% DOG. Real dollars.....100% T-Bills.
Boy I love a free trade society! |
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| DKnightSr |
| Posted: Tue Oct 02, 2007 4:56 am Post subject: |
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Member of the Month
May
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Tuesday morning, 10:35 EST, and the housing report is in. Anyone surprised? So...why is my DOG's nose still pointing at the ground?
Let's review. The financial markets are ATFU. The dollar has slipped to the point of "one for one" with our Canadian neighbors. GM is the star topic, and BMW/Toyota/Nissan are chuckling....all the way to the bank. Our only claim to fame is that Bernake and his boys will sell the pillars of the Lincoln Memorial to keep this economy afloat, and all those oil/Chinese/German bucks have got to go somewhere. So...why not to the place where a major government will guarentee a return?
Let's see...10 Trillion dollars in the hole, housing market sliding, dollar sliding, and interest rates down just to keep the momentum of the slide in place. Gotta love it.
I'm reminded though of the story of the Pied Piper. The story didn't tell us the piper's name was Jim Cramer. As the piper played, the people danced. Mmmmm....sound familiar? I don't remember that story having a good ending though.
Perhaps a bit less "Sick Sigma" and a little more "Prudent Living" is in order here. But then, that wouldn't make headlines.
The bill is coming due, as the law of supply and demand has never been broken. Only occaisionally delayed. Right now the biggest commodity we have to offer is a Military....and they say that's stretched a bit thin right now. I can believe it with the huge enlistment/re-enlistment bonuses that are being paid. That on top of free college money. So our number one export....our children....is capping out. Mmmm....I find that sickening.
I wonder what "magic pill" Ben and his boys will come up with next? There's no magic folks....just hard work and decent living. I see less and less of both daily. We were once the greatest country in the world. Are we still? This Montana boy is plenty worried.
Let's get back to basics....and let the "High Flyers" find another net.
DOG and SDS for now folks. Wake me when reality returns. |
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| Im Not Warren Buffett |
| Posted: Thu Oct 04, 2007 4:10 am Post subject: |
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CFO
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| Im Not Warren Buffett wrote: | | Im Not Warren Buffett wrote: | | Right now I am looking at Korean companies - SKM (Telecom) and PKX (Steel). I just wish they would put the numbers in US dollars... |
I've recently been saying that South Korea and Taiwan are my favorite foreign markets, considering how cheap many excellent businesses are trading for there. Today Buffett and Berkshire announced that they have a significant stake in Posco (PKX), the South Korean steel maker.
Also, Buffett is looking for a successor to manage Berkshire's investments in the future... can you say destiny? |
PKX is now up 150% YTD and trades for a ripe 15.5x last year's earnings... time to find another one. 
A general rule of thumb: businesses with double-digit growth prospects trading at single-digit multiples should be bought. |
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| DKnightSr |
| Posted: Thu Oct 11, 2007 9:05 am Post subject: |
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Member of the Month
May
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Ah yes, once more my DOG's nose is pointed at the ground, and my finger is on the SDS trigger. I always hate it as the market wanders up and down...I prefer a more distinct course. We should have that in the next few days. I think the party is over for this month....and Ben and the Boys will name the next tune at the end of the month. I'm laying the SPY button aside, and looking at the covered options market to relieve some of the losses I expect between now and 1st week of November.
It ain't bloody yet....but it could get there quickly. Be careful, have fun, and don't nod off. Anything can happen in the wonderful month of October  Will it be tricks....or treats? I'm betting on the former.
SPIL is interesting...for those into Tech |
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