ubuy2wron

Did anyone but me notice the edit in this video it appears that he made some unflattering comments about some participants and it appears that this was deleted.

During the Hunt Bros run up the line to sell physical silver was three times longer than the line to buy. I would suggest selling it on EBAY if it is sterling or some other physical form. It appears to me that some group is trying to orchestrate a squeeze in silver the web is full of silver conspiracy stories.

This is the national pre election year, and next year is the election year. 90% of the time these years are very accommodative for credit. If anyone thinks Bernanke will suddenly turn off the fountain at the end of June, I have a bridge in NYC that would make a nice addition to one's portfolio. However, perception of what he might do still could lead to a little correction. Given that "helicopter Ben" and pretty much every other fed govenor has made public pronouncements about seeing little need for further stimulus I find it interesting that the commodity bulls are certain that QE3-4 ... are just around the corner.The fastest growing demand for commodoities of all types is by "Investors" I recently read a piece by the Japanese fed which had tracked the differential in price movement of the new "financial Commodities" one that had an etf of some sort and the more traditionaly traded commodities. It became apparent to me that the tin producers of the world should start a tin etf immediately as we would almost certainly create a world wide tin shortage as the investors piled into the newest "hard asset". Wall street is doing right now to commodities what they did to housing. I have survived even thrived for 30 years ignoring the allure of the pied pipers tune aint gonna start dancing and following him now.

i will cover and go long if QE3 is announced I do not believe Bernanke nor any of the other Fed govenors are idiots. I DO belive some of the more rabid silver bugs are.

The amount of currency in circulation has jumped but the amount of bank loans have increased at a very low rate hence the meagre growth in M2. The velocity as measured in the traditional sense has dropped like a stone. I believe however the banks are taking those dollars and basically gambling in the stock mkts and the commodity mkts those paper dollars are finding their way into financial assets hence the huge run up in both the stock mkt and the commodities mkt since QE2 was announced. That program has about 7 weeks left to run and then the taps are turned off. It is for this simple reason I am raising cash and starting to go short some of the commodities here and now. I hate pondering the macro picture cause it makes my head hurt but bargains other than the usual large cap suspects are not as plentiful. The silver market looks particularly crazy right here.

Companies that divide shares into different classes with different voting rights almost always end up with the voting shares abusing the economic interests of the non-voting shares. The bonus paid to Frank Stronach for giving up his voting control of Magna is the most recent and egregious example THEY SHOULD NOT BE ALLOWED.

Steinhardt has appeared as a member of "trading Legends" that CNBC has been running I have refused to have anything to do with "Wisdom Tree" since I learned of his involvement. Steinhardt seemed to be seething with envy.

Your kidding.... right!!!!

The greatest exposure would be either Genworth Financial a Cdn mortgage insurer or Home Capital Group (HCG) Canadas only public sub-prime RE lender. The big 5 banks have been extremely prudent in their lending regarding mortgages as a whole. Their prolly is a ton of risk in the BC credit union inustry as well but I can not see any way to play that at all.

The book the Dhando investor which i highly recommend deals with this issue. Basicaly most great investment opportunities come along to the value investor because of some mishap. He suggests that it takes about 3 years for many problems to be fixed and recognized in the stock price. Si if you buy JNJ and its still a dog 3 years later time to move on is his advice.

Sharper Do you really think the Loonie will trade at 1.15 1.30 US. If so I would not want to be a Ontario or Quebec politician seeking to get re-elected in 2 years time. Pretty much EVERYTHING is going Canadas way right now ,is that fact at least a little bit, in the price already. We have resources that people want right now but it seems to me at least a good portion of the demand for resources is because investors are piling into them. The creation of commodity ETF's has created a new source of demand ,organized structured hoarding that the avg man can play.

The comment on the GS orchestrating a short squeeze so that they could take the trade themselves makes my skin crawl ... why would you want to deal with a firm which allows and encourages this corruption.

Sharper in Canada you can leave it all to your spouse tax free it is the surviving spouse who has to pay the tax. I am not sure what happens if your grieving spouse remarries, does it get deferred yet again. Taxes are too low south of the border given the demands that its citizens put on their government. I watched Bill Gross on CNBC this AM stating that corporate taxes as a precentage of corp. revenue were the lowest in 30-40 years. I read on this site an economic report that stated 25% of US households have a negative net worth and 40% of black households have a net worth less than zero and that the median house hold net worth of a Blackfamily in 2009 was $2200.00.... and the house republicans want to cut entitlements because the country can not afford it. Just who is going to suffer the brunt of any entitlement cut backs. The tea partiers are largely dominated by over 50 affluent white males. They are the angriest segment of the population right now if these trends continue I think they will be confronted with mob anger not voter anger. Sorry used up my rant quota today I know.

The scope of the fraud that has transpired at every step of the process is simply mind boggling.... and many think regulation is a bad thing. the bankers who farmed out processing are like Sgt Schultz on Hogans Heros "I know nothing"

If you were to do this, what would your approach to property management be? I agree that the fundamentals / financials are extremely attractive, but residential property management in particular is extremely annoying, and I'm not aware of any residential property management firms on a regional or national scale that take care of all the tenant and property management issues, unlike in commercial real estate, where this is possible. I'd be interested in doing this, but I want to spend my time thinking about the investment merits, not dealing with contractors to fix a place up. There are thousands and thousands of small property managers across the U.S. many who wear two hats they also operate as real estate agents. It would be difficult but not impossible to find local property managers who could manage a local portfolio of res RE.

Florida is in the top 3 states for "strategic" defaulters -- aka: jingle mail. Florida does not have non-recourse loans -- they are full-recourse in Florida. I do not quite understand I understood Florida to be a state were your personal residence was creditor proof, ie you could be bancrupt but they could not take ur house away if u had clear title. I plead ignorance on what states are non- recourse however given the size of Florida 2nd or 3 largest state by population I suspect it would have its share of foreclosures. What possible strategy could there be in a "strategic default" if your creditor are going to ask you to make good. Is it because you could throw some equity into another home and then some how protect it from your 1st creditor?

Smazz I will argue with you over the Canadas interest rates predominately lower than the US. The negative spread has been a relatively recent phenomen. The US bubble was certainly caused by the abandonment of any credit standards in the US. It was perfectly rational for all of the players to play under the US rules. Everyone was part of the problem . Canadas bubble which I believe is more modest is because we have been slighly more prudent. Credit standards were not completely done away with.. Doing away with non recourse loans is the surest cure for ensuring these problems do not occur in the future.

Eric, I have seen a ton of anectodal evidence of this in Vancouver sell the old family home and down size to a new build condo. I have started to do some due dilligence on a Canadian reverse mortg. co which I believe will have a pretty large tail wind for the next decade and should be relatively immune to a real estate crash in Canada are there any US co's operating in this space?

Ericopoly wrote about jobs and the housing industry. Every recovery since WW2 in the US has had a jump in new home construction but this one ... yet. Cars and homes eat the largest portion of the avg. persons pay cheque, with every recession since WW2 has been proceeded by a slow down in new home construction. It has been posited by some that the building cycle is THE source of the economic cycle. Regarding res. re and its investment merits . If a property can produce a positive return after P.I.T ie it cash flows out of the box where the heck is the risk given you can get a decent tennant.

I am of the opinion that residential real estate in the US is the closest thing to a Dhando type investment value out there. A middle class home with a decent tennant in a good neighbourhood and a 30 year fixed mortgage is likely to produce fanatasic returns over the next decade. 1.5 million households are formed each year in the US and unless the birth rate declines NOTHING is going to change that and living with the in-laws gets stale really fast. New home construction is currently at the lowest pace since the US govt. has been keeping records. Affordability ie how much of ones income goes to PIT is at the best levels in 30 to 40 years in many mkts. The residential real estate mkt is GE @ 8.00 per share and some of you are dithering because you think it might go to 6. If any of the posters here would like to own a share in a vacation home in the US drop me a line.

7 not counting cash and corporate bonds.

I can't see why this guy gets so much hype either. Yeah, he's a good investor (for himself) but if clients get virtually none of the difference, how can this guy justify working? Hopefully I'm just talking out of line, but long term results tend to speak for themselves. I'm assuming after taxes his returns would be less than the index since inception. He's had a few great years when the market was way overvalued. With that being said, he seems like a pretty nice guy from the interviews I've read/watched. Packer, that makes some sense. However, you could also make the argument that past returns might be greater future returns based on the amount of capital. A million is a lot easier to manage than a billion (from what I've been told!). If you take your list of your so called great Cdn. managers today and then measure their performance 10 years later I am willing to bet a large amount of capital at decent odds that you would get a normal distribution of performance. Is this because these managers will have transformed from great to not so great managers as the Tim detractors are suggesting or because LUCK which is a large component of investment performance is a random variable. Mr Buffett has often credited LUCK for a large portion of his fortune, this is not just humility on his part.

The smart ones know they sound like idiots but they do it any way cuz it means their job. If they do not show pictures of the containment building blowing up every 5 minutes the average viewer will switch to watch American Idol or the hockey game in Parsads case.

Was I the only person on the planet who saw the brief Maria Bartaroma CNBC interview of Stevie Cohen @ the recent Swiss conference. A coles notes version of the interview Maria There is Steve Cohen head of wall streets most respected hedge fund SAC. Do you have any words of advice for our viewers Stevie Why would you want to interview me Maria I am on my way down arent I. End of interview

This makes the assumption that the criminals are unsuccessful in their endeavours. It appears that they were attempting to kill FFH , put it out of business . It smacks slightly of hubris not to understand that the good guys do not always win.