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  • Cramer's Mad Money - Tricks of the Trades (11/28/08)
    Has anyone seen Tropic Thunder yet? I swear Tom Cruise's character was based on Jim Cramer. He was freakin hilarious.
    Dec 01 11:50 am |Rating: +1 0 |Link to Comment |View article
  • S&P 500 Trading Action
    CNBC is simply a bunch of fools saying foolish things.
    Sep 26 16:17 pm |Rating: 0 0 |Link to Comment |View article
  • T. Boone Pickens on Yahoo and the Price of Oil
    Something else for you to ponder FreeEnterprise:

    If you go to Boone’s website, and see his goal of displacing that amount of foreign oil with “alternatives” (which his biggest one is clearly stated as natural gas) , we’d already be there. What’s even more absurd in the energy debate is the fact that Boone also correctly states on his website that every one of his giant wind turbines produces energy equivalent to just 12,000 barrels per YEAR; yea per YEAR, not per day. That equals the equivalent of 32 barrels per day per windmill, nearly equal to a stripper well in America today. That means you’d need 31,250 giant wind turbines 24/7 year round in constant wind, to equal 1 million barrels per day. What a farce! Where would we put 31,250 wind turbines???? The greenie freaks would scream “Not in my backyard” across America.
    Sep 23 13:29 pm |Rating: 0 0 |Link to Comment |View article
  • Buffett Warned Us in 2003
    Apppro, give me a break, and Warren too. Whats he supposed to do? Buy these terrible companies that have shot themselves in the foot just so he can write the purchase off when the dust settles. Thats the most ridiculous thing I've ever heard.

    He has a responsibility to Berkshire's shareholders and if he "helped" out like you're saying he would have done nothing but harm them.
    Sep 18 15:24 pm |Rating: 0 0 |Link to Comment |View article
  • T. Boone Pickens on Yahoo and the Price of Oil
    LOL FreeEnterprise, I'm not an idiot, I'm a realist. Those claims made by Pickens are economically not realistic in the near term. There is way way too much invested interest in oil and the current infrastructure to change things immediately. I'm all for weaning ourselves off oil and moving to more enviro friendly alternatives, but I don't think it would happen in the next 20-30 years.

    Besides, your precious T. Boone went long oil in the $140-145 range. Hows that working out for him?
    Sep 05 18:35 pm |Rating: 0 0 |Link to Comment |View article
  • Why Core Inflation?
    The US CPI is produced by the US Bureau of Labor Statistics, which uses the CPI to base increases to government wages and pensions. Its in their invested interest to fudge the numbers and keep the CPI as low as possible.

    Even the "seasonally adjustments" they use have increased in the last year to make inflation seem a lot lower than reality. Real inflation is probably 8-10% now. Welcome back to the late 70's people.
    Aug 28 13:11 pm |Rating: 0 0 |Link to Comment |View article
  • T. Boone Pickens on Yahoo and the Price of Oil
    Energy Independance is election rhetoric aimed at getting votes. Its totally improbable in the near term (ie, 20-30 years).
    Aug 12 16:09 pm |Rating: 0 0 |Link to Comment |View article
  • T. Boone Pickens on Yahoo and the Price of Oil
    You guys have some wild ideas.

    Do you really think drilling in the ANWR is going to produce energy independance? You import 10 million barrels a day. Thats all of the imports from Canada, Saudi Arabia, Venesuela etc. Sorry but the ANWR will never produce 10 million barrels a DAY. You guys are dreaming.

    Real energy independance would take 50 years, 100 nuclear plants and a conversion of all cars from gasoline to another energy source. Sorry fellas, but ethanol isn't the answer either.
    Aug 12 16:06 pm |Rating: 0 0 |Link to Comment |View article
  • Is it Different This Time?
    The best quote on the "This Time its Different" idea is:

    "The investment desert is littered with the bones of those who bet on new paradigms" - Jeremy Grantham
    Aug 07 11:51 am |Rating: 0 0 |Link to Comment |View article
  • The Top 5 Looming Financial Issues
    User 233663,

    US Energy independence is an election rhetoric. Do you really think you can rid the US of $10 million barrels of oil a day? It would take many decades for that to happen. You would need about 1000 nuclear plants built and every car to switch to electric or some other renewable type of fuel. Completely improbable.
    Jul 28 14:28 pm |Rating: 0 0 |Link to Comment |View article
  • Why the Fed Should Leave Interest Rates Unchanged
    The DOW is a joke of an index. Whenever a company is in poor shape they remove it from the index and add a good one. Its totally rigged.

    Only the S&P 500 or 1000 are legitimate indexes IMO.
    Apr 29 17:28 pm |Rating: 0 0 |Link to Comment |View article

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