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Brandes Extremely Bullish. But Is That Comforting?
Firm down to $33 Billion now. Staggering loss of wealth. Goes to show that nobody truly understands this casino called the stock market and the best way to make money is OFF the market (fees, commissions etc) instead of IN the market. While money managers cruise around in million dollar sports cars, investors are wondering how to pay for their next oil change on their Hyundai.— April 14, 2009 9:37 p.m.
Brandes Extremely Bullish. But Is That Comforting?
You have to be willing to change with the times. Just because it is cheaply priced (i.e. Ford, GM, Fannie Mae, Washington Mutual, Gannett, etc) doesn't mean it is a good value. Houses are cheap in Detroit and from a value perspective, seem like a great buy but are they? Better to own something a little more expensive in a growing industry than a so-called bargain in a dying industry (autos, papers, mortgage companies etc). They preach this margin of safety stuff but how can you defend it when the stocks go down 90% or more in some cases? That is hardly what I call a margin of safety. The performance needed just to get back to even is staggering.— April 13, 2009 8:28 a.m.
Recent Good News Really Isn't So Great, Say Two Pros
I personally know 3 people with Masters and 2 with PhDs that are out of work. Amazing.— April 8, 2009 12:12 p.m.
Newspapers Should Go Totally Online, Says Writer for Business Week Magazine
This would be devastating. There is nothing better than reading the paper. Let's hope this doesn't happen.— April 2, 2009 7:03 a.m.
San Diego Unemployment Rises to 8.8% in February, but Narrowly Trails National Rate
Reply to #8 What is going to fuel San Diego's Job Growth? Biotech? Sorry, going to India where they can hire Scientists can be had for $12-15,000 a year. Defense? Sorry, Obama is slashing the budget..layoffs galore here. Real Estate? Are you kidding? It will be in a Depression for years. Finance? Not likely. Nicholas Applegate left town, Scudder closed operations and TD Ameritrade has been slashing staff. Brandes is left but with their 75% losses, job openings seem doubtful. Qualcomm? Hiring Freeze. Once again, most new employees eat Curry, not McDonald's. Tourism? Companies are cutting back on conventions. See Las Vegas. Ask your local RE owner how his vacation rental is doing here? It is empty. Relocating companies? Doubtful given the horrible tax and regulation culture in CA. Cruise Ships? San Diego just lost a big contract here. Sad, but San Diego is in trouble. Houses could come down another 30-50% based on incomes. Even with the declines of late, only about 17-18% of people can afford homes.— March 31, 2009 1:32 p.m.
Lead Indicators of San Diego Economy as Gloomy as Ever
Reply to #15 Miami has a great climate and it hasn't prevented it from completely collapsing in price. That argument doesn't work anymore. There is some truth but if you cannot find a job, any job, then people won't move there unless rich.— March 30, 2009 1:19 p.m.
Lead Indicators of San Diego Economy as Gloomy as Ever
San Diego has no jobs thus real estate will continue to plunge. The most shocking thing is how much traffic has dropped during rush hour. The city stands the chance of dying. I know people with rentals that cannot be rented for vacations or weekends. There are zero job openings at anything that pays a decent wage. City is in a heap of trouble. Don't forget that it is the hotbed of option rate ARMS. Another plunge of 30% in the Carlsbad-Encinitas area is likely. Oceanside has already seen the plunge.— March 29, 2009 8:09 p.m.
No Plea Deal for Madoff; Could Spend Remaining Days in Prison
Wow, I wonder what job his wife Ruth had to accumulate a $7 million condo, $50 million in bonds and $20 million in cash? Can;t be tied to the Ponzi. She must have been one heck of a hard worker. Does anyone with a brain believe this non-sense? They both should be hung in Times Square.— March 10, 2009 6:31 p.m.
USD 29th in Undergrad Business Education, Says Business Week
Reply to #10 - Good source at Merrill says they are down to $38 Billion and falling.......Timberrrrrrrrrrrrrrrrrr— March 9, 2009 10:36 a.m.
Most Newspaper Chains' Stocks Down At Least 90% in Last Year
WORSE THAN 1929 NOW...UNREAL!!! http://www.businessinsider.com/henry-blodget-grea…— March 6, 2009 2:23 p.m.