| Author |
Message |
Topic: $2 Trillion Lost in Pension Funds |
BigTex
Replies: 31
Views: 955
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Forum: Economics & Finance Posted: Tue Oct 07, 2008 10:13 pm Subject: Re: $2 Trillion Lost in Pension Funds |
People have been saying RIG is undervalued for the last 40 points down.
The P/E was 8 when the stock was 120 last month.
Today the P/E was 5 and the stock was 80.
It was a great buy at 120, ... |
Topic: $2 Trillion Lost in Pension Funds |
BigTex
Replies: 31
Views: 955
|
Forum: Economics & Finance Posted: Tue Oct 07, 2008 8:17 pm Subject: Re: $1 Trillion Lost in Pension Funds |
As some of you know, I am a retirement plan attorney. I work with 401(k) plans and traditional defined benefit pension plans for companies and governmental entities.
This market crash is going to ... |
Topic: Trader's Corner 2008 |
BigTex
Replies: 892
Views: 60660
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Forum: Economics & Finance Posted: Tue Oct 07, 2008 4:59 pm Subject: Re: Trader's Corner 2008 |
My beloved PRPFX is down over 10%, and it hold 25% PMs and 35% treasuries.
I saw that. That's pretty wild. PRPFX has been amazingly solid in it's return for years and suddenly, plop. PM's haven' ... |
Topic: Trader's Corner 2008 |
BigTex
Replies: 892
Views: 60660
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Forum: Economics & Finance Posted: Tue Oct 07, 2008 4:00 pm Subject: Re: Trader's Corner 2008 |
I'm down 20% on my oil services ETF I bought last FRIDAY!
My beloved PRPFX is down over 10%, and it hold 25% PMs and 35% treasuries.
It's pretty wild out there.
I'm not selling anything, thou ... |
Topic: Buying Stocks |
BigTex
Replies: 31
Views: 786
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Forum: Economics & Finance Posted: Mon Oct 06, 2008 3:28 pm Subject: Re: Buying Stocks |
Many people do not believe that gold has a place in an investment portfolio.
Good point.
I consider gold a prep/peace of mind security blanket.
I will never consider it an investment.
jo ... |
Topic: Buying Stocks |
BigTex
Replies: 31
Views: 786
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Forum: Economics & Finance Posted: Mon Oct 06, 2008 3:07 pm Subject: Re: Buying Stocks |
Many people do not believe that gold has a place in an investment portfolio.
Others do.
If you start the timeline in 1971 when Nixon closed the gold window, however, gold has spent about as much ... |
Topic: Just an observation |
BigTex
Replies: 68
Views: 1606
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Forum: Population & Carrying Capacity Posted: Mon Oct 06, 2008 1:25 pm Subject: Re: Just an observation |
I don't offer the overshoot thesis based upon any proof. It's just an explanation that makes a lot of sense to me.
I'm certainly not moving with the crowd on that one, though.
In my neighborhoo ... |
Topic: Trader's Corner 2008 |
BigTex
Replies: 892
Views: 60660
|
Forum: Economics & Finance Posted: Mon Oct 06, 2008 11:19 am Subject: Re: Trader's Corner 2008 |
I've been looking at some 2 and 5 year charts and some of the declines we are seeing are just breathtaking.
Oil services
Agriculture
Infrastructure
It is beyond perverse that the stocks that s ... |
Topic: Just an observation |
BigTex
Replies: 68
Views: 1606
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Forum: Population & Carrying Capacity Posted: Mon Oct 06, 2008 6:30 am Subject: Re: Just an observation |
| Phantom carrying capacity is a neat thing. How long will it last?Phantom carrying capacity is...BigTex, thanks for the good explanation. I'm feeling guilty I didn't say I was being sarcastic and rheto ... |
Topic: This American Life (MP3) 10.3.08 on the Economy |
BigTex
Replies: 14
Views: 595
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Forum: Economics & Finance Posted: Sun Oct 05, 2008 5:16 pm Subject: Re: This American Life (MP3) 10.3.08 on the Economy |
Great program. I hope everyone listens. The best I've heard by far.
I thought it was humorous that the program ended with Ira Glass telling the listeners about the new Saab 93 and all of its bene ... |
Topic: Inflation, Loan Indexing, Gold |
BigTex
Replies: 32
Views: 986
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Forum: Economics & Finance Posted: Sun Oct 05, 2008 5:10 pm Subject: Re: Inflation, Loan Indexing, Gold |
...
But look what happened to gold after he wrote that:
http://goldprice.org/images/monthly_dollar.gif
I like Ron Paul, and his logic was as sound then as it is today.
But sometimes things d ... |
Topic: Inflation, Loan Indexing, Gold |
BigTex
Replies: 32
Views: 986
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Forum: Economics & Finance Posted: Sun Oct 05, 2008 3:33 pm Subject: Re: Inflation, Loan Indexing, Gold |
Here is something to think about.
Check out the following Ron Paul quote:
The People Are Demanding
an End to Inflation
The recent chaos in the money markets is telling us that
the world is ... |
Topic: Peter Schiff 10-1-08 |
BigTex
Replies: 47
Views: 2084
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Forum: Economics & Finance Posted: Sun Oct 05, 2008 2:19 pm Subject: Re: Peter Schiff 10-1-08 |
Oh man, I saw this one with Schiff and Laffer from 2006.
Incredible. Laffer is such a fool.
He wanted to bet Petter a penny that there wouldn't be a recession.
It was almost like a parod ... |
Topic: HRE deal failing! We are at critical mass! |
BigTex
Replies: 16
Views: 1251
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Forum: Economics & Finance Posted: Sun Oct 05, 2008 2:11 pm Subject: Re: HRE deal failing! We are at critical mass! |
| Falling stock market, falling gold and stable long term treasury rates have not been sustainable for more than a few months historically. When none of these asset classes are doing well, typically on ... |
Topic: Trader's Corner 2008 |
BigTex
Replies: 892
Views: 60660
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Forum: Economics & Finance Posted: Sun Oct 05, 2008 2:04 pm Subject: Re: Trader's Corner 2008 |
I like HAL more than RIG right now, due to its increased diversification and lower debt level.
They're both great.
The ETF XES hold 23 oil and gas services companies in equal parts (about 4.3% ... |
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