Disqus - Latest Comments for 1modelcitizen

Re: Black Cop Kills Unarmed White Youth — Media and Feds Silent

1modelcitizen — Tue, 25 Nov 2014 06:22:32 -0000

I agree with the over-all sentiment, but it merits mentioning that only "lawful orders" need to be obeyed.

Re: Black Cop Kills Unarmed White Youth — Media and Feds Silent

1modelcitizen — Tue, 25 Nov 2014 06:19:42 -0000

-911 caller: "man is waving a gun in the air."
--Operator: "Sounds rather patriotic, like waving the American Flag on the 4th of July in celebration of the second amendment. Is anyone or anything (other than the air) being threatened?"
-911 caller: "umm, no."
--Operator: "Very well. Good-bye."

This may not be a matter of race, law enforcement, or any crime. It could simply be a public stupidity issue. Stupid is as stupid does and we may be killing each other with the deadliest weapon of all - ignorance.

Re: Option Credit Spread Strategy: An Opportunity For Success

1modelcitizen — Fri, 24 Feb 2012 17:07:14 -0000

Solid review of a solid strategy: Bull Put Spread. Well written!

Re: Harvard’s Benjamin Edelman Is A Hatemonger

1modelcitizen — Wed, 09 Mar 2011 05:13:49 -0000

Bryce: Giving you the benefit of the doubt (controlling for factors like your income, age and education - as you suggested), here is the link that should have been reviewed prior to making a comment. http://www.quantcast.com/ho...
It nullifies every doubt posed. Please bring better manners and a rudimentary understanding of accredited, compliant and modern statistical measurement models to any future comments.

Re: 5 Reasons to Ignore Warren Buffet ($brk.a) ($brk.b)

1modelcitizen — Wed, 09 Mar 2011 03:44:59 -0000

Great article? U R a 'tardBOT! All of my readers (me) know that brk.a is priced at the opposite end of the CENTILE from penny stocks ($129,538.01 as of the close today). If anyone else is reading this, please click the profile of the commentBOT to see an ordinary scamBOT. p.s. I just made up all of the words in CAPS (except for that one).

Re: Friday is Bear Day

1modelcitizen — Sun, 02 Aug 2009 05:10:52 -0000

Hi Iver! It goes something like this:

http://www.youtube.com/watch?v=BY9aW1gPRIc

Well, I`ve been looking real hard
And I`m trying to find a job
But it just keeps getting
Tougher every day

But I got to do my part
Cause I know in my heart
I got to please my
Sweet baby, yeah

Well, I ain`t superstitious
And I don`t get suspicious
But my woman is
A friend of mine

And I know that it`s true
That all the things that I do
Will come back to me
In my sweet time

So keep on rocking me, baby
Keep on a rocking me, baby
Keep on a rocking me, baby
Keep on a rocking me, baby

Re: Everybody Wants to Rule the World $USD $CNY $CEW BRIC

1modelcitizen — Thu, 18 Jun 2009 01:32:14 -0000

Mr. Palmer,
Thank you for stopping by and sharing your insights.

For those who don't know this gentleman, please take a moment to get acquainted with him. By his fruits I have been honored to know him and you can too:
http://www.causeofliberty.com/
http://www.kgaps.com/
http://www.killingsacredcow...
http://www.thesocialleader....

He holds these titles: father, founder, author, consultant, leader, patriot, and friend of freedom. Only the greatest stuff of which great men are made.

Re: Everybody Wants to Rule the World $USD $CNY $CEW BRIC

1modelcitizen — Wed, 17 Jun 2009 14:20:15 -0000

Hi Patrick! Good to hear from you and thank you for the questions. In both questions, you are absolutely correct. The weak Yen in Japan compares to the weak dollar in the USA. One advantage of a weak dollar is attractive exports, but the inverse relationship is reduced buying power. For a nation that consumes more than it produces, there is no question as to which is better fiscal policy. The spin is called "the broken window" fallacy. If a man breaks a window and says "see, now I have more glass" he's a fool. The Fed just broke the dollar and said, "see, now we'll have more money." This fallacy is akin to the "war stimulates growth" fallacy. It is like setting your own house on fire in the name of economic stimulus. Americans will wear out their lives building and rebuilding broken assets for those who glut themselves on the taxation (municipal, county, state, nation, lender) of the massess. The debauchment of the dollar is a societal/political maneuver for more government power over American citizens. Also, what is interesting about the BRIC summit is that it signals global change. The countries upon whom we depend for our consumptives just rejected our currency. Could BRIC be the new Axis of evil? :-) It may take them a while to untangle themselves from us, but the decision is certain. This is bad news for Americans. I'm seeking peaceful solutions to this turn of events.

Re: New Trading System

1modelcitizen — Wed, 10 Jun 2009 05:14:11 -0000

Andy, it's my understanding that Goldman Sachs hedge funds (the ones that are based on absolute returns, not relative returns) drove a $12.5 Billion fund down to $2.5 Billion in 2009. Oh, and their quants wizards quit when their compensations were changed to become contingent upon results.

There are dozens of automatic trading systems that outperformed the GS discretionary trading megalomaniacs (the ilk that fell into the same trap as Long Term Capital Management - all brains and no common sense).

Re: Band of the Hand

1modelcitizen — Mon, 08 Jun 2009 15:40:33 -0000

Band of the Hand saved my life when I was a kid and living on the streets. Oh, and Scared Straight - that made a big impact as well. Okay, that is not my life story, but I got a serious chuckle out of the blast from the past reference. Great lead for the article! All the best, B

Re: Reinstate the Homestead Act

1modelcitizen — Tue, 19 May 2009 04:04:58 -0000

DD - one word: RESPECT! You brought it home splendidly.

The best design was delivered in the beginning (like, Genesis).
There is a fully developed garden. A man and a woman fall (in love).
They get moved out. They toil together with their kids. They make bread. They have flocks. They have fruit trees and vegetables. It's a simple existence but they are happy.

I like the above approach. No taxes, rents, mortgages, indentured servants, slaves, serfs, or such. The land is free and the people are free.

What we need right now is a HaNadiv HaYadua (well-know benefactor) like Baron Edmond De Rothschild - the "Father of the yishuv." Where are great men who are like unto him today?

Re: God and the Devil in Trading Systems

1modelcitizen — Tue, 19 May 2009 02:52:26 -0000

Gotta give the devil his due and all, but I'm sticking with the blindfolded monkey throwing darts at the Wall Street Journal tickers page as my indicator. :-)

Re: Fed Exit Strategy Revealed ($AIG)

1modelcitizen — Fri, 08 May 2009 02:39:17 -0000

Thanks Penny! That reminds me of Baron Rothschild. He risked his life making a market between warring nations. He was rewarded by making extraordinary profits thereby. Others got killed. But to be sporting, I'm fond of $WSTM today.

Re: Suze Orman Betrays Investors on Oprah

1modelcitizen — Tue, 05 May 2009 21:30:16 -0000

GOT IT! Seems that two hundred years ago this nation had the same problem and here is what they did:

Invented the HOMESTEAD ACT.

Leader: George Henry Evans

Publication: The Radical (fancy huh?) :-)

Grass Roots Group: Working Man's Advocate (WMA)

Title: The Free-Soil Movement

Motto: "Vote yourself a farm."

History: Evans immediately began a public inquiry into the cause of the misery of the working man. A report published in the WMA (July 1844) rendered his conclusions. He wrote,

We are the inhabitants of a country which, for boundless extent of territory, fertility of soil, and exhaustless resources of mineral wealth, stands unequalled by any nation, either of ancient or modern times.... And, yet, we allow those elements to lie dormant, that labor which ought to be employed in calling forth the fruitfulness of Nature is to be found seeking employment in the barren lanes of a city, of course, seeking it in vain.
The report denied the authority of Congress either to withhold land from citizens or to grant it to well-connected speculators. Such privileged speculators, he claimed, “lay our children under tribute to their children.” They practice “a cruel and cowardly fraud upon posterity.” His solution? To “establish the right of the people to the soil; to be used by them in their own day, and transmitted ... to their posterity.”

Re: Seven Ways to Beat the Market – Guaranteed

1modelcitizen — Tue, 05 May 2009 14:12:45 -0000

DD's comment is true. To view the market as opponent or confederate is anthropohathy, which is first absurd and second an emotion trap.

In the context of the above article, it is suggested that to beat the game (market) one must become a facilitator or overseer of it.

Re: Suze Orman Betrays Investors on Oprah

1modelcitizen — Mon, 20 Apr 2009 02:08:51 -0000

Feb. 3, 2009; Beanieville said: "I want to make a confession to you. At times you see me quite worried about stock market declines or crashes. The truth is, it's just an emotional worry about friends and family's welfare (as they are mostly corporate people) and really has nothing to do with worrying about losing money in the stock market."

I point this out to my readers because I want them to know that he's not always a jerk. If we filter the unsympathetic and mean-spirited from his comments, there are some truths to respect. I agree that many in the U.S.A. have been too trusting or too lazy or both in regard to portfolio management. Risk control requires education and discipline. It's like weight loss. Lots of people want it, but few have the discipline to do it.

Beanieville also failed to mention that he has a method for balancing risk and reward in the markets. I encourage everyone to check out his program and when he publishes the notarized brokerage statements and can prove his game works, apply a value to those merits. Meanwhile, his notion of applying more capital as the market moves down could be powerful if you follow a Martingale format.

Thanks for chiming in beanieville. We hope to hear kinder and more solutions oriented comments in the future.

Re: http://slopeofhope.com/2009/04/13/banking_on_america.htm

1modelcitizen — Mon, 13 Apr 2009 14:33:18 -0000

Former support acting as imminent resistance? Yep, I see that. Also closes the window / gap from earlier in the year. Possibilities on short theta too...

Re: Jon Stewart Gets It, Boycott CNBC

1modelcitizen — Fri, 27 Mar 2009 22:46:17 -0000

3 / 27 / 2009 UPDATE:

Diane Garnick suggested that I link to this tasty little morsel:

http://www.nypost.com/seven...

Here are two guesses as to her motive:

1) She wants Dylan Ratikan's job. (Look her up - not too hard on the eyes and has enough experience to ask intelligent questions.)

2. She's a really big fan and ready my blog religiously.

Re: Parenting advice needed

1modelcitizen — Sat, 21 Mar 2009 01:16:27 -0000

Andy, it is a sure sign of a perfect article when my wife reads your blog before I do. To top it off, the comments had us both rotfl.

My take: The parents failed, so for the sake of the children, Uncle Hitler should move in, strip the parents of their rights, force his adoption through the courts and raise the kiddies in a proper program named The Hitler Youth.

Re: http://slopeofhope.com/2009/03/15/morgan_stanley_forecast.htm

1modelcitizen — Mon, 16 Mar 2009 17:05:51 -0000

Tim, where are the charts, independent thinking and witty observations? Honestly, what's with this wordy, worthless, big-bank propaganda? I nearly threw up in my mouth when I read it.

Re: Harvard’s Benjamin Edelman Is A Hatemonger

1modelcitizen — Thu, 05 Mar 2009 01:06:07 -0000

DD is, as always, SPOT ON. Thanks brah!

Re: http://slopeofhope.com/2009/02/26/how_many_others_are_out_there.htm

1modelcitizen — Fri, 27 Feb 2009 15:05:08 -0000

$2M? How ridiculous. That's like stealing a chocolate bar from a 7-11. But addressing the question: Yes, the market is still dirty. So what? It is also possible that the entire market is contrived.

Re: justin caldwell dot org

1modelcitizen — Tue, 24 Feb 2009 12:52:07 -0000

Kym mentioned it a few days ago but I hadn't seen it until just now (thanks for the link!). The fellas in the options pits have a keen sense of justice. They facilitate the fortunes lost and won on a daily basis where third party intervention on behalf of the loser is unheard -of. The rubber meets the road on the floors of exchanges and they are eye-witnesses to mean-reverting behavior - in short, they know that the market will recover from ANYTHING when a free market exists. On the other hand, interference with the forces of the free market is known to ruin it. Stenelli - or anyone who calls for a vote (like I did on Sept. 27, 08 http://tinyurl.com/bma8fq ) is a patriot. It is an injury and insult for any entity to force the non-liable (aka innocent) to cure the debt of another. Financial problems are between debtor and creditor - and sometimes Federal Bankruptcy Judges. Why these issues are being resolved outside of that jurisdiction is a clear sign of conspiracy. Stenelli knows it, the floor traders know it, you know it, and I know it. That is why a popular vote is in order. By colluding with the banks, corruption in the Senate and Presidency is plainly manifest. The mistrust created by politcal misconduct and improper policies strains the seams of the fabric of the constitution and does more damage to this nation than any economic depression. The upcoming vote of no confidence may not be registered at the polls, but it is registering in the hearts of freedom loving Americans.

Re: justin caldwell dot org

1modelcitizen — Tue, 24 Feb 2009 01:50:10 -0000

Enjoyed the vid. Great stuff, as always. What puzzles me is that they didn't mention Uncle Sam's implicit (and later explicit) guarantee of Freddie and Fannie's loans? If anything made this menagerie truly "risk free" that was it. From that perspective it really isn't a game of "hot potato(e)" if Uncle Sam is stuck with the bill at the end of the day... who in turn heaps it on the backs of the citizenry. For the innocent Americans (non-debt or non-defaulting) They pay for the devaluation of the currency, the crash of equities, the paltry pay of bonds, etc. The duped, stuped and inastute little guy gets the pleasure of a Brady Bond extension (aka, pay longer/mrtg. indebtured servitude). Where is the revolution, or where is Fleedom? The roof, the roof, the roof is on fire...

Re: Boycott CNBC Day on Tuesday February 3

1modelcitizen — Wed, 04 Feb 2009 12:13:57 -0000

skoskie. agreed, agreed, agreed. You understand how it works. I understand how it works. But as a markets educator and in my experience (and this is unanimous among my colleagues who comment at my site), hardly anyone else gets it. The awareness you take for granted is actually quite rare. It shouldn't be. But it is. In my mind, helping others see things as you do is the goal.

Is the boycott effective? Nope. But it isn't going away. Next year will be bigger.

Is stocktwits the "pot calling the kettle black?" Yep. Only when stocktwits publishes 3rd party verified returns for their loud-mouths will they have ANY credibility. Maybe cnbc will beat them to it. :-) There are a few small operations with the ability to publish actual returns, but they go through a nasty start-up cycle. That cycle - the one where market participants risk too much to get attention of others isn't any different from the newbie ... sorry. gotta run. will type more later. maybe.