mankap

I agree, if they get it wrong now they lose all the credibility.

ECRI has said that timeline they had given for their recession call is this summer. I was of the opinion that ECRI is the best out there in terms of forecasting the economy. If they get it wrong this time , they will lose all the credibility.

I did it almost 3 years ago. Good luck.

DO you know what is strike price for HIG warrants.

Probably it is redemptions that are forcing him to sell.

I will recommend 'Competition demystified.'

I think he meant that after deep recessions , economy normally grows 6%.

Atlanta ,GA Manish Kapoor

I think Benmoche has acted much faster than BAC so far in selling the assets,improving the balance sheet.He is working sense of urgency which is amazing.

Hi Prasad When do you expect BAC to increase dividend .Is it 2013 or 2014

Thanks for regularly posting this.I see 14% jump in lumber in 2012 YTD yoy. May be it is pointing towards increase housing activity.

I have never used Valueline.Many people on the board have used valueline. Which one would you recommend Investment survey or small and midcap value

Hi Moore The volume on pink sheet is very thin.Yesterday only 200 shares had traded. Where are you buying OPAP shares.Is it in Greek market ?

I live in Georgia and I am seeing new houses being constructed now after 3 years and people buying them.Some of the lots which were abandoned by builders 3 years ago are being constructed by the builders who bought them in bankruptcy.The prices are still very low compared to what they were being sold at their peak. I think housing will stop being a drag on GDP in 2012. If job market keeps on improving housing market will also bottom out.

ECRI may have had a good success rate , but I am not going to base any of my stock purchasing decision on their forecast. I saw Lakshman's interview on CNBC in which he made the recession call.He said that they see a overall drop in demand, sales and other things.He did not elaborate what those things are.I think the call was made on Oct 11 when the employment report were showing horrible nos. ECRI has lot at stake and will be interesting to watch in coming months.

Hi Liberty I have read this book I will definitely recommend the book.

I am a shareholder of TTT now MIL for around one year now. I do not see much downside risk from here. I am waiting to see how Michael Smith will deploy the cash he has.

I am waiting to see this kind of squeeze for Ebix.

When I look at the weekly jobless claims , it does not looks like recession is near.Jobless claims this week dipped below 400k after a very long time. Achuthan is probably looking at lot of indicators.

I think we will have to see if Achuthan made the right call in coming weeks. He was right atleast in 2010, when economy was tanking and he said that economy is not going to recession. Acuthan has better track record than most of the forecaster who you see on TV. ECRI weekly leading indicator last year were worse than what they are today. You can see history of ECRI leading indicator on their web site www.businesscycle.com You can see ECRI weekly indicators in the excel sheet in the link below. http://businesscycle.com/reports_indexes/allindexes

ECRI claims that they have accurately predicted recessions for last 20 years and have not made any false calls. I regularly keep an eye on leading indicators which they post on every Friday. http://businesscycle.com/reports_indexes/reportsummarydetails/1091

Is there a dollar amount limit to what they will buy back. Will they keep on buying till it reaches 1.1 BV and start buying back again if it drops less than 1.1 BV

I bought BAC-I series preferred when BAC dropped to 6. I bought it at 18 which yield around 9%.Face value is 25. Even today it is trading at 21.6 at 7.3% yield. I like the preferred , you have 30% upside and 9% yield. It is not going to get impacted by dilution and drop in earnings. I think the floating preferred will become more valuable when rates start going up.

Can you trade stocks listed in stock exchanges in India with Interactive brokers

Looks like he is liking HNR again. I think HNR looks very attractive at current prices.I have been adding to my HNR position too.