Fri, Oct 24, 2014, 7:19 AM EDT - U.S. Markets open in 2 hrs 11 mins


% | $
Quotes you view appear here for quick access.

MasterCard Incorporated Message Board

funnimone67 89 posts  |  Last Activity: 13 hours ago Member since: Mar 13, 2012
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • I'm hoping it wouldn't, but I wouldn't be surprised if TPTB use it as another excuse to sell-off the sector tomorrow since it's Friday as well as OE.

  • funnimone67 funnimone67 Oct 22, 2014 12:48 PM Flag

    I hear you Jeff and pretty much what you and Joe said are spot on.

    Right now IMHO the Fed is really faced with two equally serious & pressing problems: (1) either stops QE4ever and risk blowing up the stock market, or (2) risk blowing up the bond market if they don’t. Both problems I might add are of their own making and that of lazy, shortsighted politicians whose only interest the past few decades was getting re-elected at any cost… In fact, I would name names but I suspect both you and Joe already know who these parasites are.

    But more than that, there’s another problem which few of us are willing to see or even admit exists and that’s the growing problem of wealth inequality due to crony-capitalism/crony socialism in this country.

    Just look at the vast array of insider deals, collusion, winners being picked by the central state, too big to fail banks bailed out with taxpayer money, etc. People are increasingly aware the Status Quo is rigged, and that the playing field is tilted to favor the few inside the crony-capitalist castle—what most now refer to as the New Nobility in this Neofeudal economy.

    And if this is situation is allowed to continue—fester even further because some individuals like ourselves profit from it in the short-term, what sort of legacy will we be leaving our children & grandchildren in the end? Because as I look out into the world presently all I see is a world increasing chaotic, violent and growing more resentful & hateful with each passing day.

    And not only does that concern & scare me, but it also greatly disappoints me since I know that irrespective of present wealth—the only true legacy I will be leaving my children & grandchildren will be a world far less able to cope and increasingly more hostile, a world poisoned by ever growing inequalities and greater hatred for its elites, which if left to fester will do more than merely come back to bite us.

  • funnimone67 funnimone67 Oct 22, 2014 12:38 PM Flag

    So true Joe, most today—and I include myself within that category believed & felt that way in the past, but that’s no longer the case because this poison and social corrosive force we call ‘wealth inequality’, which for better or worse has gotten worse within America recently thanks to excessive money printing and the reflating of another financial bubble, while at the same time doing little if anything to alleviate the true underlying problems of this economy…other than greatly increase the resentment, distrust as well as foster an ever increasing hatred among the majority of people around the world. So why does it happen, and why do we let it–you might ask? I guess the only true answer to that question is because in this world the inequality that matters most is not wealth, but power. And we’ve been made to believe that we still have that power, but we don’t. Right now most people feel powerful none elective institutions like the Fed & ECB have that type of power, as well as control over their lives. And the longer that version of reality is left to fester & spread the more non-cohesive, distrusting, chaotic and downright hostile our society and this world will become.

  • funnimone67 funnimone67 Oct 21, 2014 8:47 PM Flag

    “The real question becomes though, why does he continue to hold such dogs.”

    That’s a question I’ve been asking myself for some time now as well… The truth is I couldn’t think of a reason why either and then it dawned on me, something must have changed this time around because in ‘normal’ times—a term I use sparingly these days, the economy, markets and investors just don’t behave this way—irresponsible that is. But when the markets started to fall out of bed a few weeks ago everything was finally made abundantly clear to me… It’s the Fed stupid I told myself and in particular their policy of QE4infintely that concerns these markets and nothing else…period. Not earnings reports, stock buybacks, mergers, unemployment rates, wars, oil prices, worldwide pandemics, global warming/cooling, famine, or even a massive earthquake taking out the entire west coast—God forbid that were to actually happen. Because like every junkie these markets are only fixated on getting their next fix and nothing else will ever interfere with that until they eventually OD—these markets included. And God help us when that day dawns.

  • funnimone67 funnimone67 Oct 21, 2014 5:26 PM Flag

    Joe, all I know is Warren has been riding the government's (correction: the Fed's) money printing bubble reflating coattails for so long that he probably started believing his own PR--believing himself to be infallible that is. Poor guy. Anyhow, we now have IBM, KO and MCD all of which bombed. I guess he also forgot about the fact that McDonalds is a government subsidized cafeteria for the poor. Maybe it's finally time he retires before he ends up flushing a few more billion down the toilet.

  • Reply to

    I need a HUGE rally in SHTPOTLE

    by ahhhaa63 Oct 21, 2014 11:02 AM
    funnimone67 funnimone67 Oct 21, 2014 11:08 AM Flag

    Not going to least not today. I bought in yesterday in AHs. Also added some more today just under 315. Still I'm betting more on BWLD these days. CMG is just a trade.

  • ...that other Buffett favorite and consumer-spending bellwether that disappointed today and is now pushing the stock lower in the pre-market. Not only did KO miss on the top line, reporting $11.98 billion in sales, below the Estimate $12.12 billion, but they also uttered some unpleasant words about the future, guiding "below its long-term EPS growth target for 2014." And because nothing says strong consumer like one of the biggest consumer staples blowing, I guess we'll now have to also wait for MCDs to report and complete the "recovery" picture. Just don't hold your breath or bet on that to happen.

  • Reply to

    Down $18 now.

    by dstategovernor Oct 20, 2014 4:51 PM
    funnimone67 funnimone67 Oct 20, 2014 5:05 PM Flag

    Doubt it but if that happens, I'll be a buyer at that level as well.
    Look what happened today was that CMG beat estimates (thx to their recent price increases) but 2015 guidance was very weak.
    I think they're overstating it a bit, but then again I could be wrong...wouldn't the 1st time if I was but we'll just have to wait and see.

  • Reply to

    Down $18 now.

    by dstategovernor Oct 20, 2014 4:51 PM
    funnimone67 funnimone67 Oct 20, 2014 4:52 PM Flag

    I know, I just picked up some shares @ 634.

  • Reply to

    How bad of a sell-off post Q3 earnings???

    by funnimone67 Oct 20, 2014 11:45 AM
    funnimone67 funnimone67 Oct 20, 2014 3:19 PM Flag

    THX again, and best of luck to you as well.

  • Reply to

    How bad of a sell-off post Q3 earnings???

    by funnimone67 Oct 20, 2014 11:45 AM
    funnimone67 funnimone67 Oct 20, 2014 3:09 PM Flag

    I've already done that using options... So if she tanks I should be OK.
    Besides my present position in CMG is quite small--only a fraction of what I held in this stock the previous year at this time. Right now I have more riding on BWLD.

  • Reply to

    Poor Warren lost over a BILLION on IBM today...

    by funnimone67 Oct 20, 2014 2:46 PM
    funnimone67 funnimone67 Oct 20, 2014 3:02 PM Flag

    So true Ponz. It seems after topping off in late '12 early '13 it has gone nowhere but down. So sad.

  • Buffett held about 70.2 million shares as of June 30, according to the most recent SEC filings, which means today's decline cost him $1.06 billion.

  • funnimone67 funnimone67 Oct 20, 2014 2:36 PM Flag

    Glad to hear that you're finally making some $$$... Remember the trend is your friend, so keep buying & scratching those tickets since panhandling proved to be less than rewarding for you.

  • Reply to

    How bad of a sell-off post Q3 earnings???

    by funnimone67 Oct 20, 2014 11:45 AM
    funnimone67 funnimone67 Oct 20, 2014 2:28 PM Flag

    THX. When I heard the 20% figure earlier today I almost choked... Still I gave it credence after seeing what happened to NFLX last week.

  • ...@ 368.39 earlier today.

    Now watching to see what AAPL & CMG will do after reporting later today.

    Experience says, not much as far as AAPL is concerned yet CMG is a wild card...

    If it tanks like NFLX did, watch for other high beta stocks like NFLX to feel the pain as well tomorrow, but we'll see. Hopefully that will not be the case.

  • Heard that options are predicting a 20% move if earnings disappoint.

    Disclosure: I own both CMG & BWLD.

  • Hopefully it won't be a repeat of last week's NFLX disaster.

  • Reply to

    It's official: I hate Mark Cuban

    by earneststeve2003 Oct 17, 2014 1:18 PM
    funnimone67 funnimone67 Oct 17, 2014 3:54 PM Flag

    Now who's insinuating? I never said I was short anything... In fact, the opposite was true. I’ve been long NFLX since the Icahn announcement…even bought a few more shares just prior to the earning announcement this week... Thankfully, I also hedged with options which more than covered my loses to date. But options are something I know and I've also been around long enough to know how the game is played. So, I find it a bit odd that he would wait to make such an announcement today—weekly options expiration, unless it was intended to take advantage of the increased volatility it would create for personal gain.

    Maybe I’m wrong … Maybe it was just a coincidence after all. I suppose in some weird alternative universe thinks like that might even be possible, but not in this one… Then again, I also don’t believe in Santa Claus or the Tooth Fairy either, do you?

  • Reply to

    It's official: I hate Mark Cuban

    by earneststeve2003 Oct 17, 2014 1:18 PM
    funnimone67 funnimone67 Oct 17, 2014 3:45 PM Flag

    I guess anything is possible at this point... Just find it odd as well as question the timing—especially in light of options expiration today. That’s all.

74.09+0.87(+1.19%)Oct 23 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.