Anchor ads are not supported on this page.
Archives
Classifieds
Stories
Events
Contests
Music
Movies
Theater
Food
Legal Guide
February 12, 2025
February 5, 2025
January 29, 2025
January 22, 2025
January 15, 2025
January 8, 2025
January 1, 2025
December 25, 2024
December 18, 2024
December 11, 2024
December 4, 2024
Close
February 12, 2025
February 5, 2025
January 29, 2025
January 22, 2025
January 15, 2025
January 8, 2025
January 1, 2025
December 25, 2024
December 18, 2024
December 11, 2024
December 4, 2024
February 12, 2025
February 5, 2025
January 29, 2025
January 22, 2025
January 15, 2025
January 8, 2025
January 1, 2025
December 25, 2024
December 18, 2024
December 11, 2024
December 4, 2024
Close
Anchor ads are not supported on this page.
U.S. facing bear market till 2017?
The bad news has been compressed into a short time period. “This is a head fake,” says Stolper. “We will have a short, sharp recession,” says Stolper. There will be a V-shaped recovery in both the economy and stocks. “A year from now, we will have difficulty remembering whether the swoon took place before or after the election.” ______________________________________________________________ This guy is probably one of the remaining Bush supporters who think everything is great with the economy. We have lost major financial institutions, people have lost their house or house value, their retirement accounts are shattered, jobs are plunging with no hope for re-hire, bankruptcies are flying but this guy says we are in a head fake....talk about being out of touch?— November 10, 2008 8:49 a.m.
Qualcomm Reports Profit Drop, Gives Disappointing Forecast. Stock Hit
Looks like local firm Brandes is about to get hit again...this time with auto stocks. They are huge holders of GM and F. Wow, talk about bad picks. QCOM is a great short sale here.— November 9, 2008 3:23 p.m.
San Diego tourism weakens
Reply to #16 - Read this Don, While the middle class collapses, the richest people in this country have made out like bandits and have not had it so good since the 1920s. The top 0.1 percent now earn more money than the bottom 50 percent of Americans, and the top 1 percent own more wealth than the bottom 90 percent. The wealthiest 400 people in our country saw their wealth increase by $670 billion while Bush has been president. In the midst of all of this, Bush lowered taxes on the very rich so that they are paying lower income tax rates than teachers, police officers or nurses.— October 26, 2008 3:04 p.m.
If Common Shareholders Are Wiped Out in Fannie/Freddie Bailout, Brandes Could Take Another Hit
Reply to 16 - Are you suggesting Wall Street is one big racetrack/casino? I agree! Why pay some money manager to lose your a^^ in the market. There is more money made off the market than in it. It is all a scam. Lesson learned. I got burned by greedy execs who left middle class guys like me holding the bag. Just criminal. Even my stocks that have had decent earnings and book values have tanked. Finance means nothing in the stock market. It is all such a royal scam.— October 24, 2008 10:01 p.m.
If Common Shareholders Are Wiped Out in Fannie/Freddie Bailout, Brandes Could Take Another Hit
My Uncle lost a fortune with Brandes and now is in trouble. Meanwhile, they are basking in $60 million homes and bragging about fancy weddings and ferraris. What about the poor guy that trusted their money with these guys? Does he get a bailout? He gets to drive an 8 year old car and is stressed about massive losses.— October 23, 2008 3:16 p.m.
San Diego tourism weakens
San Diego is really in trouble. Tourism is going to be awful for the next 3-5 years. The biowreck industry is reeling with no funding available. There are job losses in everything, even teachers. People aren't moving to San Diego anymore. The city is really in bad shape. California is going to sink into a Depression. It is so sad what has happened to the U.S. This is not a great Country anymore. It is full of coruption and we have an organized slavery economy (mega corps) that benefit the few. When 1% owns over 92% of everything, something is wrong.— October 23, 2008 3:06 p.m.
Buffett's Bullishness Moves Today's Market. But As His San Diego Experience Shows, Buffett Is Not Always Right
The nuclear bomb still to hit are the option rate ARMS. These are going to devastate the RE market and will begin to hit in 2009. Housing is going to get murdered. More banks will fail and unemployment will soar. This $700 billion bailout is like fighting a San Diego wildfire with a garden hose.— October 17, 2008 10:28 p.m.
Brandes Takes Another Bath; This One Is in Royal Bank of Scotland
Reply to #12 - If you look at Performance numbers ending 9/30, it says assets under mgmt are $52 billion. This was prior to the rout! I admire that they are sticking to their guns though. They have a podcast and remain convinced their strategy works.— October 16, 2008 7:17 a.m.
Brandes Takes Another Bath; This One Is in Royal Bank of Scotland
Reply to #9 Brandes and his analysts must have thought that housing would stabilize quickly and begin a move back up. Why else would they load up on the mortgage companies, banks, homebuilders, autos etc etc....I wonder sometime if being super wealthy was something that made them miss what was happening in the Real World of bills and struggles! When you hobnob with the elite at symphonies and art shows, I don't think you get a good feel for what is happening with average Joes. Kind of reminds me of Henry Ford's road show in the 1930s. He couldn't understand why his autos weren't selling well plus he gave his son a million bucks for his 21st birthday right in the middle of the Depression. When you lose touch with the masses, it has to be hard to make investment decisions. This is just my thought. What do you think? Peace COLTON— October 15, 2008 7:59 p.m.
Brandes Takes Another Bath; This One Is in Royal Bank of Scotland
As of 9/30, it appears they are down to about $50 billion and this was BEFORE the October rout. This DEPRESSION is killing value managers. Even Benjamin Graham himself would lose his butt in this market. I don;t see how some of these managers were so duped into buying overleveraged banks and homebuilders. Well, atleast Brandes has a nice looking wife to come home to. This is brutal!— October 15, 2008 5:18 p.m.