Comments on: Readings http://www.ritholtz.com/blog/2009/10/readings/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Thu, 18 Mar 2010 02:48:18 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: rockitz http://www.ritholtz.com/blog/2009/10/readings/comment-page-2/#comment-226429 rockitz Fri, 16 Oct 2009 05:04:26 +0000 http://www.ritholtz.com/blog/?p=41209#comment-226429 Just for you BR. ;o) "Yes, the CRA Is Toxic" http://www.city-journal.org/2009/19_4_snd-cra.html Just for you BR. ;o)

“Yes, the CRA Is Toxic”

http://www.city-journal.org/2009/19_4_snd-cra.html

]]> By: flipspiceland http://www.ritholtz.com/blog/2009/10/readings/comment-page-2/#comment-226013 flipspiceland Thu, 15 Oct 2009 10:10:02 +0000 http://www.ritholtz.com/blog/?p=41209#comment-226013 Would someone, anyone, audit Wanger's perspicacious moves in this market? I'm finding his relentless profitable trades a bit like a Bernie Madoff scheme. Would someone, anyone, audit Wanger’s perspicacious moves in this market?

I’m finding his relentless profitable trades a bit like a Bernie Madoff scheme.

]]> By: HarryWanger http://www.ritholtz.com/blog/2009/10/readings/comment-page-2/#comment-226001 HarryWanger Thu, 15 Oct 2009 05:51:10 +0000 http://www.ritholtz.com/blog/?p=41209#comment-226001 Diggidy: I've done extremely well during this rally adding on 2-4% pullbacks and stopping out on anything more. What I fail to understand is how so many, in the face of strong corporate earnings and economic reports, still maintain it's a false economic recovery. I just don't get it. It's like the sun is shining yet many posters here say, "no it's not, it's cloudy". It's unreal. Everything is telling us, and if you don't get it by now when will you, that the sun is shining brightly without a cloud in sight. I fell good about that and about our nation's resiliency to bounce back from despair to prosperity once again. Diggidy: I’ve done extremely well during this rally adding on 2-4% pullbacks and stopping out on anything more. What I fail to understand is how so many, in the face of strong corporate earnings and economic reports, still maintain it’s a false economic recovery. I just don’t get it. It’s like the sun is shining yet many posters here say, “no it’s not, it’s cloudy”. It’s unreal. Everything is telling us, and if you don’t get it by now when will you, that the sun is shining brightly without a cloud in sight. I fell good about that and about our nation’s resiliency to bounce back from despair to prosperity once again.

]]> By: DiggidyDan http://www.ritholtz.com/blog/2009/10/readings/comment-page-2/#comment-226000 DiggidyDan Thu, 15 Oct 2009 05:43:48 +0000 http://www.ritholtz.com/blog/?p=41209#comment-226000 Your trading strategy is sound with stops on long positions; the prediction on RIMM and the implications of recovering discretionary U.S. earnings is to what i was referring. The momentum buying has been a good play, see referenced Livermore quotes above. I am sure you will be fine (and in fact better than most) as long as you have your stops in place and don't chase lows if a crash occurs. However, the reasoning i disagree with. I am willing to admit a wrong call on Oct 1, however, do not mistake a call on the economy for a trading strategy. Nimble is the key and you obviously understand that, similar to what you pointed out before about BR's stance. Wisdom is knowing that you don't know it all, and as i said before, hubris comes before the fall; and in this environment sticking to a sound strategy of limiting risk through stops is very prudent and i give you credit for that. That said, I still think the U.S. economy is not recovering, and we could see more carnage in domestic corporate earnings and equity valuations. Your trading strategy is sound with stops on long positions; the prediction on RIMM and the implications of recovering discretionary U.S. earnings is to what i was referring. The momentum buying has been a good play, see referenced Livermore quotes above. I am sure you will be fine (and in fact better than most) as long as you have your stops in place and don’t chase lows if a crash occurs. However, the reasoning i disagree with. I am willing to admit a wrong call on Oct 1, however, do not mistake a call on the economy for a trading strategy. Nimble is the key and you obviously understand that, similar to what you pointed out before about BR’s stance.

Wisdom is knowing that you don’t know it all, and as i said before, hubris comes before the fall; and in this environment sticking to a sound strategy of limiting risk through stops is very prudent and i give you credit for that. That said, I still think the U.S. economy is not recovering, and we could see more carnage in domestic corporate earnings and equity valuations.

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2009/10/readings/comment-page-2/#comment-225998 Mark E Hoffer Thu, 15 Oct 2009 05:31:26 +0000 http://www.ritholtz.com/blog/?p=41209#comment-225998 DiggidyDan, you may care to check out http://www.optionseducation.org/ + http://www.optionseducation.org/related/default.jsp you may find that, in this levered World, it helps to employ some for your own account.. DiggidyDan,

you may care to check out http://www.optionseducation.org/ + http://www.optionseducation.org/related/default.jsp
you may find that, in this levered World, it helps to employ some for your own account..

]]> By: HarryWanger http://www.ritholtz.com/blog/2009/10/readings/comment-page-2/#comment-225996 HarryWanger Thu, 15 Oct 2009 05:20:22 +0000 http://www.ritholtz.com/blog/?p=41209#comment-225996 DiggidyDan: What whole RIMM debacle? I bought it on a tight stop and stopped out quickly. Not a debacle for me. Maybe baggies but I don't play that way. DiggidyDan: What whole RIMM debacle? I bought it on a tight stop and stopped out quickly. Not a debacle for me. Maybe baggies but I don’t play that way.

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2009/10/readings/comment-page-2/#comment-225995 Mark E Hoffer Thu, 15 Oct 2009 05:13:06 +0000 http://www.ritholtz.com/blog/?p=41209#comment-225995 speaking of RIMM.. "...I liked the iPhone but the lack of keyboard made Blackberry look inviting. In the end, what sealed the deal for me was the apparently anti-competitive behavior of Apple (AAPL) and AT&T (T) in declining to accept Google Voice as an App for the iPhone. Apple Is Growing Rotten To The Core: Official Google Voice App Blocked From App Store FCC Takes On Apple And AT&T Over Google Voice Rejection Why The FCC Wants To Smash Open The iPhone Andy Kessler: WSJ: Why AT&T Killed Google Voice Apple Isn’t Even Bothering To Lie Anymore Why should I reward companies which are engaging in this type of behavior with my business? Apple is already acting anti-competitively by tying iTunes to the iPhone and iPod. So I went elsewhere. Android is an open-source software system, which means that the code is available for everyone to see, which gives developers maximum flexibility. It also means that Google can’t win the OS war by making your life more difficult and tying you into their system like Microsoft (MSFT) and Apple do. Instead, they must compete to be the best at what they do. And they are doing that well. The video below from Bloomberg features Nicholas Thompson of Wired Magazine telling us why Android is gaining ground on Apple..." http://seekingalpha.com/article/166470-why-android-is-gaining-ground-on-apple?source=yahoo at least GOOG can take advantage of, both, open-source, and their competitors *-UPs.. ~~ past that, C. Whalen, and Josh Rosner, don't get, nearly, enough credit for their abilities.. speaking of RIMM..
“…I liked the iPhone but the lack of keyboard made Blackberry look inviting. In the end, what sealed the deal for me was the apparently anti-competitive behavior of Apple (AAPL) and AT&T (T) in declining to accept Google Voice as an App for the iPhone.

Apple Is Growing Rotten To The Core: Official Google Voice App Blocked From App Store
FCC Takes On Apple And AT&T Over Google Voice Rejection
Why The FCC Wants To Smash Open The iPhone
Andy Kessler: WSJ: Why AT&T Killed Google Voice
Apple Isn’t Even Bothering To Lie Anymore
Why should I reward companies which are engaging in this type of behavior with my business? Apple is already acting anti-competitively by tying iTunes to the iPhone and iPod. So I went elsewhere.

Android is an open-source software system, which means that the code is available for everyone to see, which gives developers maximum flexibility. It also means that Google can’t win the OS war by making your life more difficult and tying you into their system like Microsoft (MSFT) and Apple do. Instead, they must compete to be the best at what they do.
And they are doing that well. The video below from Bloomberg features Nicholas Thompson of Wired Magazine telling us why Android is gaining ground on Apple…”
http://seekingalpha.com/article/166470-why-android-is-gaining-ground-on-apple?source=yahoo
at least GOOG can take advantage of, both, open-source, and their competitors *-UPs..
~~
past that, C. Whalen, and Josh Rosner, don’t get, nearly, enough credit for their abilities..

]]> By: DiggidyDan http://www.ritholtz.com/blog/2009/10/readings/comment-page-2/#comment-225990 DiggidyDan Thu, 15 Oct 2009 04:57:58 +0000 http://www.ritholtz.com/blog/?p=41209#comment-225990 Hey, I gave you some cred man. . . we're just saying it's not based upon the factors you cite. Markets are Markets and the U.S. Economy is different. If you truly follow what you have espoused, you have done well in the last months, excepting the whole RIMM debacle. Hey, I gave you some cred man. . . we’re just saying it’s not based upon the factors you cite. Markets are Markets and the U.S. Economy is different. If you truly follow what you have espoused, you have done well in the last months, excepting the whole RIMM debacle.

]]> By: HarryWanger http://www.ritholtz.com/blog/2009/10/readings/comment-page-2/#comment-225988 HarryWanger Thu, 15 Oct 2009 04:53:38 +0000 http://www.ritholtz.com/blog/?p=41209#comment-225988 Now with 10k in the rear view mirror and having heard all of the same bull shit from most posters here when the Dow crossed 9k (crash tomorrow, after opex, Sept 1, Oct 1, etc, etc., the next target is 11k. Pretty much a given now with money chasing the rally on strong earnings (much stronger than anyone expected) and strong economic news. The mini economic boom is upon us, yet I'll still get bashed for predicting this weeks ago. C'est la vie! Now with 10k in the rear view mirror and having heard all of the same bull shit from most posters here when the Dow crossed 9k (crash tomorrow, after opex, Sept 1, Oct 1, etc, etc., the next target is 11k. Pretty much a given now with money chasing the rally on strong earnings (much stronger than anyone expected) and strong economic news. The mini economic boom is upon us, yet I’ll still get bashed for predicting this weeks ago. C’est la vie!

]]> By: VennData http://www.ritholtz.com/blog/2009/10/readings/comment-page-2/#comment-225986 VennData Thu, 15 Oct 2009 04:46:55 +0000 http://www.ritholtz.com/blog/?p=41209#comment-225986 Liz Claman's a Fox News sellout. They are a sick, anti-American Rupert Murdock racist collective. She's dead to me. Liz Claman’s a Fox News sellout. They are a sick, anti-American Rupert Murdock racist collective.

She’s dead to me.

]]>