Sirius Weekly Thread Week April 12

Rally is going to teeter. APPLE is down. GS was up a few now its down a percent. Going red by days end no doubt.

Is it a coincidence that CNBC is running specials on marijuana on 4-20? Happy 420 to all the non twits. My vaporizer also say stocks going down by dazed end! LOL. Seriously laughing. Legalize it already, its more available then some micro brews. Hell we could not get Yuengling in SC until a few years ago. Its everywhere now, good beer, unfortunately it comes with a monster hangover every once in a while. Not the normal hangover either...the splitter...I call it. Feels like someone hit you in the head with a sledge hammer..not a fun few hours..pray you sleep it off. Yes its that bad. I have not had a sip of Yueng in years, last one was bad enough to change behavior. Good luck today.

Did anyone hear the analyst fry the guy from GS on the CC. Funny stuff....ah how could you not know, ah you brokered the deal..ah you brought the parties together..ah. Long pause...good stuff. GS is going to go the way of Bear and Lehman...thank god...let the free market and Obama's henchman work. These goons/twits thought they got away with this bs, disclosure.

Got to run have twenty or so foreclosures that need the grass cut...new Deere mower 31 horse power, 60 inch deck, hydraulic seat, mulch on demand...nasty machine..way better than both of the last 7 series Z tracks, I have the 950 version and it cuts 5 feet across, 3 feet high, at 11+ mph. Worth the up charge.

I heard this the other day other day out in the country, I thought it was kind of funny. A gentleman said they are trying to fry Tiger Woods but Bill Clinton is the ambassador for the country..interesting. I did not explain the looseness in the term ambassador but it kind of works. Wild Bill does travel around on behalf of the country. I wonder if he gets to pick his handlers/interns...you the man Bill.

Ben i think you should stay away from guessing who has cornered whom.
You've cornered yourself so many times with your own predicitons that I've lost count. :) Enjoy.

"Apple is down". lol. For how long?

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Originally Posted by Havakasha

Ben i think you should stay away from quessing who has cornered who.
You've cornered yourself so many times with your own predicitons that I've lost count. :) Enjoy.

"Apple is down". lol. For how long?

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Good point. The Dow, Nasdaq and SP500 all ended up Green yesterday. I believe BB predicted they would be red. He may very well have a chance to buy FAZ at 11.

Personally, I agree with him that there are underlying issues with our economy that should temper this massive bull market, but "it is what it is" and I'm glad to have made some money on it.

Actually, i agree there are some serious underlying problems (brought about by at least 8 years of neglect and mismanagement) with our economy, but things were so dire about a year ago that in comparison with today things are now looking up. I quess everything depends on your perspective on the improving economy and whether or not you think there is a possiblility of a double dip. It seems less and less likely in my opiinion.

Mr. Ben has cried wolf way too many times and was quite wrong about Sirius.
This is a Sirius stock thread afterall. :D

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Originally Posted by Havakasha

Actually, i agree there are some serious underlying problems (brought about by at least 8 years of neglect and mismanagement) with our economy, but things were so dire about a year ago that in comparison with today things are now looking up. I quess everything depends on your perspective on the improving economy and whether or not you think there is a possiblility of a double dip. It seems less and less likely in my opiinion.

Mr. Ben has cried wolf way too many times and was quite wrong about Sirius.
This is a Sirius stock thread afterall. :D

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True - this time last year was pure dread, and conditions have improved greatly. Last month was a huge volume month; we haven't seen numbers like that since early 2008. And even with rising raw material costs, we posted solid profits. We've hired people as well.

In talking with a financial planner the other day his opinion was that the market will trade sideways for the next six months. Still lots of money on the sidelines, and those companies that survived are right sized. A steady return of economic activity will yield good corporate profits.

It's going to take an "assignable cause" to throw us back into the conditions of this time last year.

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Originally Posted by SiriuslyLong

True - this time last year was pure dread, and conditions have improved greatly. Last month was a huge volume month; we haven't seen numbers like that since early 2008. And even with rising raw material costs, we posted solid profits. We've hired people as well.

In talking with a financial planner the other day his opinion was that the market will trade sideways for the next six months. Still lots of money on the sidelines, and those companies that survived are right sized. A steady return of economic activity will yield good corporate profits.

It's going to take an "assignable cause" to throw us back into the conditions of this time last year.

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And for every 10 people your company hired 9 were lost. Here I will tell you the very samething the MSM was telling you when Bush was in office and coming out of his recession: Only 200,000 jobs created (yes actually "created" not some new term like "saved") this month, that is terrible we need to create at least 250,000 a month just to keep up with new people coming into the job market and keep unemployment at its present 5.6%.


Here let me give you another example: When was the last time you ever heard of Moodys, warning that the USA is very close to losing its triple "A" (AAA) credit rating. Here is a clue it was not until Obamas spending (yes he is on track to spend more in his first 20 MONTHS yes that is "MONTHS". then Bush spent during his entire 8 years in office) that they have given such dire warnings of having to do something that may create social unrest.


What do you think is going to happen when CA. runs through all the stimulas it was given to keep it afloat????? Opps they already have.

John Stewart says it all.

http://www.huffingtonpost.com/2010/0..._n_545746.html

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Originally Posted by john

And for every 10 people your company hired 9 were lost. Here I will tell you the very samething the MSM was telling you when Bush was in office and coming out of his recession: Only 200,000 jobs created (yes actually "created" not some new term like "saved") this month, that is terrible we need to create at least 250,000 a month just to keep up with new people coming into the job market and keep unemployment at its present 5.6%.


Here let me give you another example: When was the last time you ever heard of Moodys, warning that the USA is very close to losing its triple "A" (AAA) credit rating. Here is a clue it was not until Obamas spending (yes he is on track to spend more in his first 20 MONTHS yes that is "MONTHS". then Bush spent during his entire 8 years in office) that they have given such dire warnings of having to do something that may create social unrest.


What do you think is going to happen when CA. runs through all the stimulas it was given to keep it afloat????? Opps they already have.

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Well you're wrong about my company. Headcount is actually up. I question some of the hires, but hey, who am I?

I hear what you are saying John. I'm no fan of what Obama is doing. In retrospect, McCain would likely have been the better choice. It's simply a matter of revenues and expenses. The gov't can stimulate by increasing expenses (Obama) or decreasing revenue through tax cuts. Tax cuts would have been better IMO. I could spend that money in my community for things that need to be done, and pay sales tax. Or what I don't spend, I can save. Savings is liquidity. All good, right? Not to mention how efficient our government is at spending.

We know of Chapter 7 and 11, it has been said that the next wave of bankruptcies will be municipalities (Ch 9 I think). Harrisburg, PA is high on that list - defaulting on bond maturities. Might be the next "assignable cause".

This frothy market is a joke. The rug is going to get yanked and when it does you twits will be doubling down on any dip. All of your profits not banked, as in cash, will shrink extremely fast and you will then have bought your way into a corner. You will be telling yourself things are getting better this is a great time to dollar cost average. When in fact you should be booking gains, your greed will enter and you will leverage your self to this market for the 3-5 years its going to take to get yourself back to even. Good luck with that.

I am standing by my top prediction 11125ish and my bottom prediction has moved up from 6500 to 7800 on the dow. We continue to hit resistance around this level.

A few facts I think investors are missing.....unemployment will be high for years...this problem is not going away anytime soon....the governments around the world pumped trillions into system to keep it afloat. Greece, Portugal, England, hell most of the EU are struggling. Mortgage foreclosures are still rising, which is causing any and all of your real estate to devalue. I know BofA is holding tons of bad debt as well as C. I am currently working to get my home loan modified with BofA and have not made my 2550$ mortgage payment for Mar and April and guess what not a single call from them, not even the collection companies. I tried this over a year ago, my payment went up, lol, and the day after my grace period ended the calls started from BofA collections. Now that Obama stepped up the pressure two months ago to start reducing principal, I reapplied and guess what I qualify now, they have put my loan on hold and stated they would call in the next 10 days, still have not called. I am officially a squatter! I love it.

Johns point about CA was in the front page of the Sun News yesterday, I read about all of the cuts coming from our local municipalities.

My question for all of the true longs is when do you get out? The market zigged lower then it zagged higher, can it possibly go back to dow 14000 with out a going lower first, I don't think so. If you made money in the past 12 months good for you, so did everyone else. The question is will I protect on the way down, I think most will not and get trapped in the double dip recession thats coming. I also read hotel occupancy rates hit a 20 year low. If oil soars up to 100 a barrel before hurricane season, look out, it will only take one early storm to push the price to crazy levels again, this will choke off some of the travel for the season, fo sho.

Good luck today
Little Ben, by the way the sky is not falling our children's money is propping it up at least for the time being. Obama is a spending machine, there is no doubt about that.

Going red by days end and below 11000 by weeks end.

Oh and by the way. Remember the Republicans line GM="Government Motors"? It looks like they are going to have to eventually drop that line. We are getting paid back and with interest.

http://www.dailykos.com/storyonly/20...nt-Motors-meme

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Originally Posted by SiriuslyLong

Well you're wrong about my company. Headcount is actually up. I question some of the hires, but hey, who am I?

I hear what you are saying John. I'm no fan of what Obama is doing. In retrospect, McCain would likely have been the better choice. It's simply a matter of revenues and expenses. The gov't can stimulate by increasing expenses (Obama) or decreasing revenue through tax cuts. Tax cuts would have been better IMO. I could spend that money in my community for things that need to be done, and pay sales tax. Or what I don't spend, I can save. Savings is liquidity. All good, right? Not to mention how efficient our government is at spending.

We know of Chapter 7 and 11, it has been said that the next wave of bankruptcies will be municipalities (Ch 9 I think). Harrisburg, PA is high on that list - defaulting on bond maturities. Might be the next "assignable cause".

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Just one correction to your post. You got what was said confused. When I said for every 10 people your company is hiring 9 were lost, is refering to the economy in general. What I am saying is that for every 10 jobs created ANYWHERE 9 are lost. I dont even have to get into the fact that that does not even count the new people entering the job market each month. The numbers are the numbers. That is why even the Obama administration is telling us, dont expect the unemployment rate to go down anytime to soon because WE are expecting it to be close to this high well into next year (2011). Boy if I did not know any better, I would think he is telling us to be ready for Europian style unemployment rates.

Things are looking up. Financial reform bill will be passed. Then hopefully we can move onto energy and immigration bills. Steady progress on many fronts.
Obviously we have to work on bringing unemployment down from the Bush recession and that one will take a long time. We had to spend our way out this recession. Almost ALL economists (conservative and progressive) agreed. They may not have agreed on the amounts and the particular programs but they were in agreement that spending as opposed to tax cuts for the rich were the way to go. And by the way 95% of the middle class got tax cuts this year. i'm sorry to be a bearer of the facts.
First you spend then you cut deficit not the other way around. All those Republicans who let the deficit rise and who supported dishonest accounting to boot under Bush have know discovered a new religion on deficits. Hypocrisy at best. Under McCain/Palin we would probably be at closer to 11% to 12% unemployment.

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Originally Posted by Havakasha

Oh and by the way. Remember the Republicans line GM="Government Motors"? It looks like they are going to have to eventually drop that line. We are getting paid back and with interest.

http://www.dailykos.com/storyonly/20...nt-Motors-meme

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Wait a minute are you saying GM only borrowed 8.3 billion. Hummmm I seem to recall it was more like 64 billion borrowed from the U.S. and Canada.

P.S. Much of that amount came at the cost of firing 63,000 people. I wonder if it was not now owned by the unions and the government if that would have been tolerated by them before they owned it. I should not have to get into how the Obama administration ran rough shot over normal bankruptcy law to get what THEY wanted.


Here is a clue about many bankruptcies why the company may go bankrupt the assets are still there and would be put back to use UNDER NEW OWNERSHIP. The government did not have to step in to save GM the bond holders would have done that themselves. The end result may not have been GM but the end result of most of the jobs would have still been there and most likely without all the terrible union contracts that were the reason for them going bankrupt in the first place.


Here is an example for you: Take SIRIXM the fact is if SIRIXM would have gone bankrupt there would still be satellite radio just not SIRIXM satellite radio.

You have to read. "Looks like they are going to eventually have to drop the line".

Are you saying we wont get most of our money back and that the Govt will continue to be in the car owning business? You did read the article now didnt you?

BB you've been saying the same $hit forever. I doubt the market will see 6500 again, but if it does, I'm prepared. You like FAZ; I like SPXU. I plan on making money whichever way the market goes. That's one thing I've learned through this mess. The difference between you and I is that I'm not waiting for an axe to fall, or rooting for it either.

The only long position I have is SIRI, and that's because I'm holding a bag. Glad I did dollar average down LOL. Those nickel share's really helped out.

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Originally Posted by john

Just one correction to your post. You got what was said confused. When I said for every 10 people your company is hiring 9 were lost, is refering to the economy in general. What I am saying is that for every 10 jobs created ANYWHERE 9 are lost. I dont even have to get into the fact that that does not even count the new people entering the job market each month. The numbers are the numbers. That is why even the Obama administration is telling us, dont expect the unemployment rate to go down anytime to soon because WE are expecting it to be close to this high well into next year (2011). Boy if I did not know any better, I would think he is telling us to be ready for Europian style unemployment rates.

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Correct, I was citing my company, and completely agree with your point. Job losses > new jobs.

Just in case you dont want to read it.

The head of GM Ed Whitacre says "we're paying back--in full, with interest, YEARS ahead of schedule..."

Wolkonowitz say taxpayers coud recoup virutally all their investment if the govt waits until 2013 r 2014 to sell its stock.

"BUT THE OBAMA ADMINISTRATION SAYS IT WANTS TO DIVEST THE STOCK AS SOON AS POSSIBLE."

translation: The Obama administration doesnt want to be in the car owning business despite what the Republicans have said. Watch and see.

Quote:

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Originally Posted by Havakasha

You have to read. "Looks like they are going to eventually have to drop the line".

Are you saying we wont get most of our money back and that the Govt will continue to be in the car owning business? You did read the article now didnt you?

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You dumb twit, I dont have to read a bias article from one of the most liberial outlets there is (besides MSNBC and the New York Times) I KNOW WHAT WAS BARROWED and I know 8.3 billion is only 13% of it. I'll tell you what, call me when they at least get to the 50% mark of the total, OK.

Those are called quotes. Not bias.
Do you disagree with the chairman of GM or not?
Do you disagree that we are going to get most of our money back or not?
Do you disagree that the Obama administration wants to get out of the car owning business or not?

More jobs would have been lost if we had followed your path. Just the facts.:D


P.S. This one is from CNBC. you now that Cramer loving, Obama hating, Big bank and Goldman Sachs supporting institution.

http://www.cnbc.com/id/36689823

Quote:

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Originally Posted by Havakasha

Things are looking up. Financial reform bill will be passed. Then hopefully we can move onto energy and immigration bills. Steady progress on many fronts.
Obviously we have to work on bringing unemployment down from the Bush recession and that one will take a long time. We had to spend our way out this recession. Almost ALL economists (conservative and progressive) agreed. They may not have agreed on the amounts and the particular programs but they were in agreement that spending as opposed to tax cuts for the rich were the way to go. And by the way 95% of the middle class got tax cuts this year. i'm sorry to be a bearer of the facts.
First you spend then you cut deficit not the other way around. All those Republicans who let the deficit rise and who supported dishonest accounting to boot under Bush have know discovered a new religion on deficits. Hypocrisy at best. Under McCain/Palin we would probably be at closer to 11% to 12% unemployment.

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No tax cut here. Cut uncle sam an $800 check last week. That's what you get for making middle class money and being responsible and keeping your mortgage up to date, taking care of your kids.....

I'm sick of this "rich" stuff. My house pulls in ~$170,000 a year and we can't afford new siding, a shed or internal doors without borrowing. And I have to write Obama a check. Screw him.