Comments on Fund My Mutual Fund: News of the Day - Inflation

thank youI did a mental cheer yesterday when it wa...

2008-05-14T12:19:00.000-04:00

thank you

I did a mental cheer yesterday when it was down 9%. The numbers were not that bad really but the market didn't like it, and I think things will degrade over time. They still cater to an audience in the top 10% or so, so that group will be the last to suffer.

One day I hope to have a long-short hedge fund and then I can take advantage on both sides of the ledger. I had a lot of retail and restaurant calls in the fall that would of generated 40-60% gains that I could only type about and not have add to my performance.

But thanks for noticing.

Mark,EXCELLENT call on WFMI. Down over 10% on a v...

2008-05-14T12:02:00.000-04:00

Mark,

EXCELLENT call on WFMI. Down over 10% on a very weak report and poor guidance. I know you can't short individual names, but consider it a nice moral victory.

TM, you hit the nail on the head. What's the firs...

2008-05-14T11:49:00.000-04:00

TM, you hit the nail on the head. What's the first thing somoeone does when they gain power? Enact measures to make sure they do not lose it.

The gov. doesn't want the people to be educated, because educated people wouldn't stand for how the gov. operates. Additionally, keeping people financially dependent on the gov. keeps them under control. Just look at what they've done with the income tax. Imagine if once/month each person was forced to write a check for the income tax instead of it magically never showing up in their paycheck. There would be near instant revolt.

So yeah, the accepted lack of education is the sinister thing.

Luisa, I don't think any conspiracy in the press -...

2008-05-14T11:31:00.000-04:00

Luisa, I don't think any conspiracy in the press - journalists are journalists. Financially illiterate in most cases, just as the general population

guy, see previous answer - we don't teach how to balance a checkbook, what a 401k is, or what credit card debt is and how to manage it, or what APR is in our schools - then set these people into society and expect them to figure things out on their own. There is a reason most people either own a money market or their company stock as the majority of whatever they do have in their miniscule 401ks.

That will be the eventual catastrophe in this country - as pensions have been replaced by 401ks, a whole generation is now being told to think out 20-30-40 years in our instant gratification society. On top of that, they dont even save as it is, so even if they had the will and education they can't keep up with the cost of life. Pensions are savings many people in their 50s and 60s and 70s today. They wont be there (except in government of course!) for those in their 20s, 30s, and 40s. That's going to be a crushing blow as this generation moves into retirement in 20-30 years. The median 401k balance (including people in their 50s, 60s) is something like $37,000. That pays for 1 year of post retirement life?

The old days, you used to enter retirement with NO mortgage debt... so you could live on far less income. Now our 40 and 50 somethings have pulled out equity from their homes to consume. So they will be entering retirement with a full home payment.

This is why many people will not be retiring and I truly believe will be Walmart greeters until they keep over.

But lack of education is a sinister thing here - more important to teach CPR to people rather than economics or finance. I haven't saved anyone's life through CPR in my 35 years but I balance a checkbook, invest, got a mortgage, have credit cards on a daily, weekly, monthly, yearly basis.

Priorities.

TraderMark: I was having a conversation last nite...

2008-05-14T11:15:00.000-04:00

TraderMark: I was having a conversation last nite with a friend regarding this very issue: why do so many people believe in such flawed data and just follow the crowd. The answer is that it is just easier. Why buck the system when the system is meant to protect you and your interests?

I loved your comment about mainstream media "final...

2008-05-14T10:58:00.000-04:00

I loved your comment about mainstream media "finally clueing in" to the lie that is manipulated statistics. It is amazing to me how few professional journalists are standing up and screaming about these lies. Is it just journalistic laziness, or something more sinister?

2 percent decline in gasoline costs.Yea, that ...

2008-05-14T09:46:00.000-04:00

**2 percent decline in gasoline costs.**

Yea, that gasoline sure is getting cheap, aye? I am undecided, should I buy a Hummer H3 or a Mercedes SL600 to celebrate this wonderful development?

Yes, people believe the stats - this is why future...

2008-05-14T09:33:00.000-04:00

Yes, people believe the stats - this is why futures went from negative to a positive in the span of 30 seconds and we are opening up.

In a related note, Kool Aid was up 13% premarket

My favorite statistic from today's work of fiction was the unchanged energy, led my a 2% decline in gasoline prices.

"The unchanged reading for energy reflected a big 4.8 percent jump in natural gas prices, offset by a 2 percent decline in gasoline costs."

Consumer prices only went up .2% last month. Does...

2008-05-14T09:13:00.000-04:00

Consumer prices only went up .2% last month. Does anyone actually believe the stats coming out of the fed anymore?

"You can't afford to eat, yet inflation is near 0%." WTF?

best cartoon ever.oh no, oh no, oh no, oh yeah!

2008-05-13T22:27:00.000-04:00

best cartoon ever.

oh no, oh no, oh no, oh yeah!