Comments on: West Coast Open Thread http://www.ritholtz.com/blog/2009/04/west-coast-open-thread/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 17:38:10 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: karen http://www.ritholtz.com/blog/2009/04/west-coast-open-thread/comment-page-2/#comment-159079 karen Thu, 02 Apr 2009 14:52:59 +0000 http://www.ritholtz.com/blog/?p=22982#comment-159079 Too good not to post: What's the Difference between Maddoff and U.S. Social Security? by Paul Kasriel March 31, 2009 Coercion. Both depend, or in the case of Maddoff, depended, on being able to get new contributors into the scheme in order to pay off the previous contributors. The Social Security Administration has the power of the law to force new contributors into its scheme. Maddoff did not have the power of the law to force new contributors into his scheme, therefore, he has been accused of breaking the law. Just another example of it's good to be the king. http://www.safehaven.com/article-12973.htm Too good not to post:

What’s the Difference between Maddoff and U.S. Social Security?
by Paul Kasriel March 31, 2009

Coercion. Both depend, or in the case of Maddoff, depended, on being able to get new contributors into the scheme in order to pay off the previous contributors. The Social Security Administration has the power of the law to force new contributors into its scheme. Maddoff did not have the power of the law to force new contributors into his scheme, therefore, he has been accused of breaking the law. Just another example of it’s good to be the king.

http://www.safehaven.com/article-12973.htm

]]> By: batmando http://www.ritholtz.com/blog/2009/04/west-coast-open-thread/comment-page-2/#comment-159067 batmando Thu, 02 Apr 2009 14:16:22 +0000 http://www.ritholtz.com/blog/?p=22982#comment-159067 @ MRegan at 12:00 am Question: can you all see a comment I made at 10.54? I see it @ 10:54 and the re-post @ 12:05 @ MRegan at 12:00 am

Question: can you all see a comment I made at 10.54?

I see it @ 10:54 and the re-post @ 12:05

]]> By: leftback http://www.ritholtz.com/blog/2009/04/west-coast-open-thread/comment-page-2/#comment-159065 leftback Thu, 02 Apr 2009 14:12:03 +0000 http://www.ritholtz.com/blog/?p=22982#comment-159065 An extraordinarily profitable morning for Schadenfreude Asset Management. Factory orders and crude seem to have gotten the recovery/reflation memo. :-) Watch out for the NFP/earnings banana skin. I am already looking at entry points on the Dark Side. An extraordinarily profitable morning for Schadenfreude Asset Management.
Factory orders and crude seem to have gotten the recovery/reflation memo. :-)

Watch out for the NFP/earnings banana skin. I am already looking at entry points on the Dark Side.

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2009/04/west-coast-open-thread/comment-page-2/#comment-159051 Mark E Hoffer Thu, 02 Apr 2009 13:31:22 +0000 http://www.ritholtz.com/blog/?p=22982#comment-159051 reflation is just nice way of saying :theft of purchasing power, but, yes, ya got to bet on it occuring, there are 'Politicians' about, afterall.. reflation is just nice way of saying :theft of purchasing power, but, yes, ya got to bet on it occuring, there are ‘Politicians’ about, afterall..

]]> By: karen http://www.ritholtz.com/blog/2009/04/west-coast-open-thread/comment-page-2/#comment-159048 karen Thu, 02 Apr 2009 13:20:25 +0000 http://www.ritholtz.com/blog/?p=22982#comment-159048 airtrader, you left out the $usd in your considerations... ben22, thank goodness you are in the reflation camp. airtrader, you left out the $usd in your considerations…

ben22, thank goodness you are in the reflation camp.

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2009/04/west-coast-open-thread/comment-page-2/#comment-159047 Mark E Hoffer Thu, 02 Apr 2009 13:17:47 +0000 http://www.ritholtz.com/blog/?p=22982#comment-159047 ben22, this: "Why do so many seem to ask what the news was to cause markets, or futures to be up." is a good Q, I'd just say that peep are a curious folk. and, seeming answers, soothe. and, this: "All bear markets have rallies like this. I thought everyone was aware by now of the 50% rally during the GD, there has been countless mention of this and other rallies during bear markets on this site for the last year." - is certainly true, much fat has been chewed over the topic of "Bear Market rallies".. and, re: simons, just shows he's smart enough not to get into it in .mixed company. the ridicule he would face by broaching the topic, isn't worth it.. going fwd: one really needs to pay attention to the G-20..Wall Street, as we knew it, is totally Dead, and it ain't ever coming back..Braces and Czech Strippers, notwithstanding.. ben22,

this: “Why do so many seem to ask what the news was to cause markets, or futures to be up.”
is a good Q,

I’d just say that peep are a curious folk. and, seeming answers, soothe.

and, this: “All bear markets have rallies like this. I thought everyone was aware by now of the 50% rally during the GD, there has been countless mention of this and other rallies during bear markets on this site for the last year.” – is certainly true, much fat has been chewed over the topic of “Bear Market rallies”..

and, re: simons, just shows he’s smart enough not to get into it in .mixed company. the ridicule he would face by broaching the topic, isn’t worth it..

going fwd: one really needs to pay attention to the G-20..Wall Street, as we knew it, is totally Dead, and it ain’t ever coming back..Braces and Czech Strippers, notwithstanding..

]]> By: ben22 http://www.ritholtz.com/blog/2009/04/west-coast-open-thread/comment-page-1/#comment-159034 ben22 Thu, 02 Apr 2009 11:58:26 +0000 http://www.ritholtz.com/blog/?p=22982#comment-159034 Mike in Nola, Did you read Faber's latest? I did last night. I'm trying to be careful reading him because I'm in the reflation camp and clearly so is he. That said, he made some compelling points in the most recent letter. Mike in Nola,

Did you read Faber’s latest? I did last night. I’m trying to be careful reading him because I’m in the reflation camp and clearly so is he. That said, he made some compelling points in the most recent letter.

]]> By: ben22 http://www.ritholtz.com/blog/2009/04/west-coast-open-thread/comment-page-1/#comment-159032 ben22 Thu, 02 Apr 2009 11:56:48 +0000 http://www.ritholtz.com/blog/?p=22982#comment-159032 Maybe I'm being overly critical here, or maybe it's because I can't get the "is it fun being a billionaire" question out of my head but carl (karl?) on CNBC asks the most worthless questions out of any of them. Does he prepare for these interviews? Maybe I’m being overly critical here, or maybe it’s because I can’t get the “is it fun being a billionaire” question out of my head but carl (karl?) on CNBC asks the most worthless questions out of any of them. Does he prepare for these interviews?

]]> By: Mike in Nola http://www.ritholtz.com/blog/2009/04/west-coast-open-thread/comment-page-1/#comment-159031 Mike in Nola Thu, 02 Apr 2009 11:56:09 +0000 http://www.ritholtz.com/blog/?p=22982#comment-159031 aitrader: I'm sure they're anticipating all the deman gengerated from the coming boom :) Marc Faber has repeatedly said that the amount of money being thrown at the economy has to have some effect on the markets. Since no one is actually going to use it for business purposes because they are too scared, it will probably just cause some bubblets as the banks use their tarp to speculate. aitrader: I’m sure they’re anticipating all the deman gengerated from the coming boom :) Marc Faber has repeatedly said that the amount of money being thrown at the economy has to have some effect on the markets. Since no one is actually going to use it for business purposes because they are too scared, it will probably just cause some bubblets as the banks use their tarp to speculate.

]]> By: ben22 http://www.ritholtz.com/blog/2009/04/west-coast-open-thread/comment-page-1/#comment-159030 ben22 Thu, 02 Apr 2009 11:45:15 +0000 http://www.ritholtz.com/blog/?p=22982#comment-159030 @ MarkH Mark, a couple weeks ago I posted on here that J. simons was asked in Bloomberg markets mag about a year and half ago about a study he conducted regarding sun spots and the impact they had on markets. He refused to comment on it, which I thought was interesting. Why do so many seem to ask what the news was to cause markets, or futures to be up. All bear markets have rallies like this. I thought everyone was aware by now of the 50% rally during the GD, there has been countless mention of this and other rallies during bear markets on this site for the last year. @ MarkH

Mark, a couple weeks ago I posted on here that J. simons was asked in Bloomberg markets mag about a year and half ago about a study he conducted regarding sun spots and the impact they had on markets. He refused to comment on it, which I thought was interesting.

Why do so many seem to ask what the news was to cause markets, or futures to be up. All bear markets have rallies like this. I thought everyone was aware by now of the 50% rally during the GD, there has been countless mention of this and other rallies during bear markets on this site for the last year.

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