Kramer vs Cramer.

I'd trust Kramer of Kramerica and "the Bro" for financial advice before Cramer.

I kneel before the truth of Dennis "Goebbels" Kneale!

broward (homepage, profile) wrote on Thu, 7/16/2009 - 9:57 pm

A: The WOW players can distinguish between fantasy and reality!

All social programs need to be mortal. Most of the problems of socialism stem from lack of a useful period of service followed by termination.

funny how the people who cannot compete in an ayn rand world end up playing WORLD OF WARCRAFT----Ho!

This is what happens when you don't "purge the rottenness".

that reminds me...is Ben Stein still giving out financial advice?

Heard a lot of the dykstra tapes on stern and personally dealt with chet lemon and lou whitaker of detroit tiger fame. They don't teach personal finance in the dugout

OMFG. They would have seen him coming a mile off. Never had a hope. Let the rich stupid mark win a couple of hands and then it's gut and fillet time.

And Cramer is complicit.

C

"I don't read books, because it makes you think." best quote ever ...

broward (homepage, profile) wrote on Thu, 7/16/2009 - 10:09 pm

A: Five.

What about the virtuous businessman who develops and markets a lightbulb specifically designed to last only two years, then burn out who eliminates the competitive threats that would otherwise better serve the public interest? That wasn't caused by a government. It always amuses me that there is no good Randian defense for deliberately-noncompetitive behavior among firms.

the people who cannot compete in an ayn rand world

Ayn Randers don't compete, they bitch about the government so as to avoid work and moral judgements.

I hear trannys are much better stock pickers than dykstras

"Heard a lot of the dykstra tapes on stern and personally dealt with chet lemon and lou whitaker of detroit tiger fame. They don't teach personal finance in the dugout"

And where do the teach this exactly? Surely not on "Mad Money."

CIT said in the statement it’s continuing to serve customers. CIT spokesman Curt Ritter didn’t respond to a message.

"At least for the next 12 hours. "

Basel I know.
Calpers is in stay away.

'Ayn Randers don't compete, they bitch about the government"

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Thanks, now I know why I was charged in Idaho with a felony for (bitching) blogging about a "public official."

by the way. I'm playing devils advocate--- ayn rand makes me retch.

Britain prepares for 65,000 deaths from swine flu

Britain prepares for 65,000 deaths from swine flu - Times Online

ayn rand: sounds like a region you never want to visit

Here's his ghost writer describing his strategy. You can imagine how well this worked last autumn.

* My deep-in-the-money calls are normally at least four to six months away from the strike price. If the stock moves in the direction I expect it to, my in-the-money call will be in prime position for a win. If the stock moves against me, with the DITM call, I have more time to recover. (I will explain more about averaging down, an important part of my strategy to manage a pick that goes down, in a future column)

Remember: Life is a journey, enjoy the ride!

Dykstra: Deep-in-the-Money Calls 101 | Page 2 of 2 | Financial Advisor Update | Financial Articles & Investing News | TheStreet.com

Geez...you'd think the entire financial crisis was staged to separate Dykstra from his money. He goes on television, describes exactly how he's going to gamble with his millions, and the market behaves exactly as required to maximize his losses...and then, to twist the knife, turns around just after he's forced to file bk.

Cramer: CIT is a generational BUY, BUY,BUY!!!!!! BOOYAH!!!

and there were going to be 3M people living in the Stone Age with the DTV conversion...

i've noticed a lot more stone chips and arrowheads around lately on the mall

OMG Yalt, that was the funniest thing Ive read in months. Bravo!

Q: What's the defnition of insanity?

A: Bitching about the government over and over again and expecting anything to change.

Billy Beck usually makes me chuckle when he goes off on a RandRant.
I'm surprised he has any time left to earn a living and pay some taxes.

He's always good for a laugh if I'm feeling down.

Do the ayn rand people really think things would not devolve into an adult version of lord of the flies?---even worse than the sad spectacle we have now ---which of course has come about because of canceled regulations and no enforcement of the weak laws still on the books not to mention the lack of new regulations to match the new financial "engineering"

I laughed and then I recognized why...for "lighten up Francis" moments it is a great site.

xkcd - A webcomic of romance, sarcasm, math, and language - By Randall Munroe

July 14, 2009

The Department of State alerts U.S. citizens traveling to or residing in Argentina of the health risks associated with the World Health Organization (WHO)-declared 2009-H1N1 influenza pandemic, which has resulted in illness in numerous countries.
404 Not Found

Q: How many AynRanders does it take to change a lightbulb?

And one to blame the government for preventing the creation of a lightbulb that never burns out.

If the dog shits on the floor I blame the dog.
If the cat shits on the floor I blame the cat.

Whoever bought CROX at 72 should walk shoeless through the world forever.

Crocs, Inc. Share Price Chart | CROX - Yahoo! Finance

Whoever bought CROX at 72 should walk shoeless through the world forever.

I covered my CFC shorts at 38. =/

Billionaire's massive yacht docked in Sausalito causes a stir - San Jose Mercury News

better than you, mate

"If a Rander practiced personal responsibility, they'd blame themselves for getting a defective dog or cat! "

It's not their fault they were born into a system where the idiot next door who lives off government assistance gets a vote. In fact, they're trying very hard to escape from the system.

Bond Buyer, California Property Taxes Are On a Very Bad Roll
California Property Taxes Are On a Very Bad Roll - Bond Buyer Article

Timmy wants to hire a comedian

The Contractor shall conduct two, 3-hour, Humor in the Workplace programs that will discuss the power of humor in the workplace, the close relationship between humor and stress, and why humor is one of the most important ways that we communicate in business and office life. Participants shall experience demonstrations of cartoons being created on the spot. The contractor shall have the ability to create cartoons on the spot about BPD jobs. The presenter shall refrain from using any foul language during the presentation. This is a business environment and we need the presenter to address a business audience.

Paging Ben Dover To Provide Taxpayer Funded Workplace Humor | zero hedge

How many software engineers does it take to plug in a lightbulb?

Answer: can't be done, it's a hardware problem

A bit of geek humor for you.

bond girl, i see jefferson county runs out of cash next month...

And I left out the best part, which was where he* advised using options instead of buying stock directly because it minimizes the risk:

I love in-the-money calls because of the leverage they provide. It allows you to have exposure to a stock with significantly less money at risk versus a cash or (certainly) margin purchase for that same stock. Your risk is limited to the cost of the in-the-money call, compared with buying the stock with cash or on margin, which is a very dangerous game that I strongly suggest you avoid playing.

*Obviously I don't mean that Dykstra himself made this recommendation--it can't be his own writing because (a) it uses big words like "leverage" and "significantly", and uses them correctly, and (b) there aren't any obscenities.

Really, I have to wonder if he came up with this strategy on his own, or if somebody set him up with it so he could be efficiently reamed.

CBO - Health care bills would raise costs

"The sobering assessment from Congressional Budget Office Director Douglas Elmendorf came as House Democrats pushed to pass a partisan bill through committees, while in the Senate a small group of lawmakers continued to seek a deal that could win support from both political parties."

@dryfly

Fair enough There are alot of useless startups out there that are being funded millions, so you got me there. I will tell you that I worked 80+ hours/week (and it wasn't my first startup), took on many hats (sometimes a janitor!), and when I saw where my labor was going, I didn't feel like playing the tax game with uncle sam anymore.

Re: the last post on sticky house prices:

I know that supply/demand curve is meant to be a simple illustration, but it really fails to show some important factors. For one, the demand curve needs to move downward due to falling wages and job losses. And it moves downward further due to the fact that a competing good (rental housing) is falling in price too.

When the housing-bubble alarmists pointed at price-to-rent and price-to-income ratios back in '05, we talked about how far the prices had to drop to get back in line with those fundamental supports. Now it's a moving target.

I went Galt a month ago. Quit my high paying California job in a startup, took all my money out of US accounts, left the dollar mostly, and plan to travel in Asia for a year or two. Now you know one

Another Galter here.

must be all these damned temple structures here at Angkor Wat because my
throughput really blows....
lot of catching up to do... by that time you'll all be asleep...
... found out last night that a girl can do a highly effective karate leg kick off a high heel...

Hysterical clip. The 2008 Espn portion touts how Dykstra lived an extravagant lifestyle...well duh, he was a high profile major league baseball player for ten years, he probably grossed 30Mil during that 10 years. He's three years younger than me, but looks 10 years older than me, as rick james would say...Steroids are power drug!

Short courage

Google probably doesn't deserve that 30 P/E either. Both get 30-40% haircuts IMO by the fall.

Yeah TJ, but I think that people trying desparately to save money will simply fly a lot less.

Again, maybe Priceline gets a bigger piece of the overall pie (maybe), but those market share gains will be overwhelmed by the shrinking market size, increasingly cut-throat pricing by competitors, etc...

Tim waiting for 2012,

What's scary is that Google is one of our poster-child high-growth companies, and they just reported revenue growth of 3%... But I guess that's better than IBM's -13% or Harley Davidson's or Nokia's -25%....

I'm very curious to see how Apple and Amazon do next Thursday.

I'm not saying those cases were ironclad, but the multiples don't surprise me when we're still in the high ground of a vicious bear market rally. Nothing justifies where equities are these days -- nothing.

"All social programs need to be mortal."

That is an interesting idea. Kind of like limited time specials. Very Roman. I like it.

And for the rest of the story:

"One of the angry souls is Dr. Festus Dada, a Nigerian-born gastric bypass specialist, who filed a fraud/breach of contract suit and alleges Dykstra kept a $500,000 deposit after a deal fell apart to purchase a Southern California car wash and retail center then owned by Dykstra. Dada walked away from the transaction, claiming in the suit that Dykstra had made significant changes to the final escrow agreement, including the insertion of a five-year contract for Dykstra's old Phillies teammate, Pete Incaviglia, to serve as general manager under the new ownership.

"We had a closing date, but the good doctor thought there were no rules in this country," says Dykstra, pointing out that Dada himself has been a defendant in dozens of civil suits since 2000. "You'll see a laundry list [of suits], dude. OK, so much for Dr. Dada's credibility, huh?"

Dada's side of the story, not surprisingly, is different. He suggests the ex-ballplayer set out to rip him off, saying he believes Dykstra was desperate for cash and rushed to close on the $27.5 million deal within 30 days. Dada's attorneys say the property was so encumbered by liens that it was impossible to close so quickly.

"He thought he could keep my $500,000 and nobody would have the resources to go after him," Dada says. "But in this case, I am going after him. General surgeons are not intimidated by professional athletes.

"Like I told him, if I can cut somebody from the neck all the way down to the pubis with a scalpel, then I cannot be intimidated."

Much more in the article. A good time in the credit casino.

Mike Fish: Lenny Dykstra's dream of high life and finance takes faith tough as 'Nails' - ESPN

Previous advice from Lenny:

Dykstra: The Pinnacle and the Dream | Nails on the Numbers | Financial Articles & Investing News | TheStreet.com

"Wachovia reported blowout results Monday, including a 32% year-over-year gain in earnings and a 19% increase in revenue to $6.7 billion.

As reported by TheStreet.com, Wachovia revenue growth was fueled by strong performance in its consumer and corporate banking businesses: Service charges rose 11% to $555 million, while banking fees rose 23% to $385 million. In addition, investment banking fees rose 24% to $294 million.

In addition, its CEO said there are no signs of credit deterioration on the horizon, and the company reported an incredibly low level of chargeoffs in its loan portfolio of one-tenth of 1 percent. That's how good these people are.

Despite all that, the stock initially fell in reaction, trading as low as $47.28 intraday before recovering to close up 0.6% at $48.12. As did other traders, I saw that selloff as a gift to buy this great American banking franchise. The opportunity was all the more enticing given Wachovia's stock is trading near its 52-week low, sports a forward price-to-earnings ratio of 10.2, and offers a dividend yield of 4.3%.

As the stock was selling off Monday I bought the January 40 calls for $7.90. Once again, you must use all of your weapons when playing for big dollars, and options give you the opportunity to leverage your bet. I am now in control of 1,000 shares of Wachovia until the third Friday in January for $7,900 -- as opposed to spending over $47,000 to buy the common stock. "