Petr Message Board
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Good Read: Barrons Roundtable
These are always worthwhile.
Everyone in this illustrious group is pessimistic and *risk-off*. Marc Faber seems to have a very clear view of what is really going on: The rich have been getting richer, while everybody else gets scrood.
http://online.barrons.com/article/SB50001424053111903425204576373910676523034.html?mod=BOL_hps_highlight_top#articleTabs_panel_article%3D1-
I always love the roundtable.
http://www.businessinsider.com/marc-faber-qe-is-how-the-elites-are-getting-their-revenge-on-illiterate-kids-born-out-wedlock-2011-4 Interesting and ironic in many ways.- 1 Reply to jaquecroissant
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Marc can call a spade, a spade.
Class Warfare is a term usually reserved for revolutionary efforts on behalf of the lower classes against a ruling class, so it is interesting to see a prominent capitalist use it. The rich wage war against everybody else to preserve and extend their privilege. Like, DUH!!!
I guess some folks would like $1=1 vote. LOL
In any case, there you have it...a spade, is a spade.
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Later!
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BTW -- your watch list is really interesting, good, diverse.
What happened to DLB? I got out last fall and its been straight down since?! If there is a company that should pay a divvy, that is it. How expensive can maintaining your patents and licensing agreements be?
IPGP looks hot... FNSR and other optical/photonics stocks are getting killed, maybe IPGP will take a tumble and we can get on board cheap.
Consider adding SOLR to your list.. they are on a roll. -
Thanks, Winny, for your profoundly insightful post.
Since, apparently, I did not make my point clearly the first time around, maybe this will be simple enough for even you to understand:
1 - There IS class warfare and the rich are doing their very best to protect and extend their privilege. I think we both agree with Marc Faber on that.
2 - Apparently, you believe in some kind of transnational uber-class pursuing the same objectives on a global scale. Maybe. IMO, the managers of governments, multinational corporations and organizations like the UN, IMF, World Economic Forum, Tri-lateral Commission, etc. do not have that much common interest -- apart from improving the rubber chicken. There is as much competition as cooperation. Todays uber-ally or alliance partner is tommorrows take-over or bombing target. -
Yep, good points. Buffett has said that some people are just luckier in life.
Well, we are on the same page when it comes to investing from what I can tell. Trying to buy growth stories at a reasonable price. I try to get my cost basis as low as possible so I can hold for years. I can't ignore the seasonal opportunities but sometimes some stocks go on sale earlier than others. In general, I'm still looking at Sept or so depending on technical factors. I've got a big wish list:
BIDU, AIXG, ASYS, IPGP, TQNT, CTSH, VECO, FFIV, DLB, IRBT, THI, RDY, BMRN.
Later, gonna spend some time with my wife! -
Yes, I forgot SOLR. That would be high on my list.
DLB......if it gets cheap enough, I agree they should pay a divvy at this point. They are probably a bit too big and old at this point. Could be a value trap also. Look what happened to RIMM not that they are in the same exact camp.
IPGP......I watched it all the way up and missed out, but if it gets cheap enough... -
The stock market is NOT a casino. We have the odds WITH us... as you say. That is a beautiful thing.
I think your *optimist* has it right. More importantly, what goes down must go up... it is the cyclical nature of things.
I read that Atlantic article when it came out. But the rich are not different, not smarter, not better looking, not anything... except richer. The guys who founded Google are really smart, but in another day and age they would have been digging for potatoes... That*s life.
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