Trials and hardships are the best education life offers...
I have been trading/investing for ~7 years... and I am just now starting to get it... more confident in my setups, my technical and fundamental analysis skills, and execution. Investing/trading takes no prisoners.
I only now realize the 30K I gave to The Ohio State University (I had a great time, wonderful campus, etc) as an investment in myself might have been better invested if I put it to work in the market... even if I blew up.
I rarely buy new... always brew coffee at home, have used (paid for) cars, buy new clothes in second hand stores with original tags, and get DVDs from the library. I currently rent but recently started looking to buy since the new RE appraisals are now finished with the majority of homes bought in the last decade underwater in my area.
Anyway... priorities shift to create new paradigms. Real skills are what matter, not the perception of skills... or skill sets. What can you do well enough for someone to pay you... that is what counts. The resume with a degree is losing its oomph imo.
I have drastically reduced my trading since this summer.
FSLR drops from $170 to $34 in 9-10 months. How many companies recover from a severe decline that fast. Someone tell mgmt to let HGSI, NFLX, & RIMM fight for the title. Curious if Bill kicks FSLR to the curb?
The whole story about ghost towns, ghost malls, and now the unfinished amusement park hasn't made it much into the MSM lineup...
The ghost town story has been reported elsewhere for well over a year now. When it does get heavily reported... that's when I will start looking to buy Chinese companies and the ETF...
Mr. Hastings botched the pricing strategy and then horribly managed the ensuing PR of the new DVD company... I haven't seen people that mad since Mike Vick...
Not sure they will ever recover... Dish with its Blockbuster library trying to seize the day, cannot discount Redbox, or even Youtube...
From 800lb gorilla to weakling at the speed of light... WOW!
I would agree with "not anytime soon"... the timeline for the shift is 3-4 years away. China reminds me of an article 3-4 years ago about the attempt of undocumented workers with limited skills to unionize and establish a $15/hr minimum wage. The quickly found work isn't available at those prices...
With Chinese wages rising at about 17 percent per year and the value of the yuan continuing to increase, the gap between U.S. and Chinese wages is narrowing rapidly. Meanwhile, flexible work rules and a host of government incentives are making many states—including Mississippi, South Carolina, and Alabama—increasingly competitive as low-cost bases for supplying the U.S. market.
"All over China, wages are climbing at 15 to 20 percent a year because of the supply-and-demand imbalance for skilled labor,” said Harold L. Sirkin, a BCG senior partner. “We expect net labor costs for manufacturing in China and the U.S. to converge by around 2015. As a result of the changing economics, you’re going to see a lot more products ‘Made in the USA’ in the next five years.”
After adjustments are made to account for American workers’ relatively higher productivity, wage rates in Chinese cities such as Shanghai and Tianjin are expected to be about only 30 percent cheaper than rates in low-cost U.S. states. And since wage rates account for 20 to 30 percent of a product’s total cost, manufacturing in China will be only 10 to 15 percent cheaper than in the U.S.—even before inventory and shipping costs are considered. After those costs are factored in, the total cost advantage will drop to single digits or be erased entirely, Sirkin said.
I am convinced the goal of (fill in the blank) is to have us believe it's a red-blue or liberal-conservative problem. The reality is it's a corruption issue... the left-right argument is an effective distraction of the populous. Clutter and noise, clutter and noise... MMS is very good creating clutter and noise.
This is well over due... the degree is not near as valuable as it once was or as advertised today. The paradigm shift... this generation doesn't necessarily believe the degree is the be-all-end-all solution to life.
One should not under estimate libraries damping the adoption of streaming content. I sense a general trend the consumer is exhausted of getting nickled and dimed... or that could just be me.
His thesis of investors transitioning out of public debt and into private markets in mass occurs when... WMT commercial paper was cheaper than treasuries this summer. I know timing is more art than science but his June call has not panned out yet. I do enjoy what he writes... interesting, relevant, and thought provoking imo.
I was just commenting on the Street Sweeper site and seems to be their operating procedure... initiate short position and publish information supporting their position... a reverse pump and dump so to speak...
I was not indicating you or anyone didn't perform thorough dd...
Trials and hardships are the best education life offers...
I have been trading/investing for ~7 years... and I am just now starting to get it... more confident in my setups, my technical and fundamental analysis skills, and execution. Investing/trading takes no prisoners.
I only now realize the 30K I gave to The Ohio State University (I had a great time, wonderful campus, etc) as an investment in myself might have been better invested if I put it to work in the market... even if I blew up.
I rarely buy new... always brew coffee at home, have used (paid for) cars, buy new clothes in second hand stores with original tags, and get DVDs from the library. I currently rent but recently started looking to buy since the new RE appraisals are now finished with the majority of homes bought in the last decade underwater in my area.
Anyway... priorities shift to create new paradigms. Real skills are what matter, not the perception of skills... or skill sets. What can you do well enough for someone to pay you... that is what counts. The resume with a degree is losing its oomph imo.
I have drastically reduced my trading since this summer.
FSLR drops from $170 to $34 in 9-10 months. How many companies recover from a severe decline that fast. Someone tell mgmt to let HGSI, NFLX, & RIMM fight for the title. Curious if Bill kicks FSLR to the curb?
TEF eventually forced to cut dividend?
GOLD... head and shoulder?
When do you wade in SVM?
Hopping aboard the SWHC train.
Have a good day fellas and fell-ettes:)
The whole story about ghost towns, ghost malls, and now the unfinished amusement park hasn't made it much into the MSM lineup...
The ghost town story has been reported elsewhere for well over a year now. When it does get heavily reported... that's when I will start looking to buy Chinese companies and the ETF...
Mish commented on the Economist's global housing market...
"What happens if home prices plunge (and they will) in Australia, Belgium, Canada, France, New Zealand, Britain, the Netherlands, Spain and Sweden?"
He concludes that various quantitative easing programs and lower interest rates will follow and both should be bullish for the dollar.
The Economist states "the bursting of the housing bubble is half way through."
Here's the article: http://www.economist.com/node/21540231
Mr. Hastings botched the pricing strategy and then horribly managed the ensuing PR of the new DVD company... I haven't seen people that mad since Mike Vick...
Not sure they will ever recover... Dish with its Blockbuster library trying to seize the day, cannot discount Redbox, or even Youtube...
From 800lb gorilla to weakling at the speed of light... WOW!
New case study for MBAs on what not to do.
Top of hrly channel resistance holding for now...
nt
To the good Dr.,
I would agree with "not anytime soon"... the timeline for the shift is 3-4 years away. China reminds me of an article 3-4 years ago about the attempt of undocumented workers with limited skills to unionize and establish a $15/hr minimum wage. The quickly found work isn't available at those prices...
Thanks for the reply. And cheers to you too.
I have read speculation regarding the following industries most likely to return manufacturing to the US:
Transportation
Appliances
Furniture
Plastics/Rubber
Machinery
Fabricated metal
Thoughts? Or is the perceived China slowdown just a hiccup in their growth curve?
With Chinese wages rising at about 17 percent per year and the value of the yuan continuing to increase, the gap between U.S. and Chinese wages is narrowing rapidly. Meanwhile, flexible work rules and a host of government incentives are making many states—including Mississippi, South Carolina, and Alabama—increasingly competitive as low-cost bases for supplying the U.S. market.
"All over China, wages are climbing at 15 to 20 percent a year because of the supply-and-demand imbalance for skilled labor,” said Harold L. Sirkin, a BCG senior partner. “We expect net labor costs for manufacturing in China and the U.S. to converge by around 2015. As a result of the changing economics, you’re going to see a lot more products ‘Made in the USA’ in the next five years.”
After adjustments are made to account for American workers’ relatively higher productivity, wage rates in Chinese cities such as Shanghai and Tianjin are expected to be about only 30 percent cheaper than rates in low-cost U.S. states. And since wage rates account for 20 to 30 percent of a product’s total cost, manufacturing in China will be only 10 to 15 percent cheaper than in the U.S.—even before inventory and shipping costs are considered. After those costs are factored in, the total cost advantage will drop to single digits or be erased entirely, Sirkin said.
http://tinyurl.com/3fapc7z
Jeff,
I am convinced the goal of (fill in the blank) is to have us believe it's a red-blue or liberal-conservative problem. The reality is it's a corruption issue... the left-right argument is an effective distraction of the populous. Clutter and noise, clutter and noise... MMS is very good creating clutter and noise.
Have a good weekend.
SPX ~4% move in 40 minutes. Ridiculous. I have never experienced a move that strong to end the session when the indices were weak all day.
Seems like the $COMPQ is now a leading indicator.
The internals were also ridiculous.
Good trading today fellas and fellettes...
This is well over due... the degree is not near as valuable as it once was or as advertised today. The paradigm shift... this generation doesn't necessarily believe the degree is the be-all-end-all solution to life.
http://tinyurl.com/3w37lhk
Big Armstrong reader albeit his mid June pivot point hasn't panned out thus far...
One should not under estimate libraries damping the adoption of streaming content. I sense a general trend the consumer is exhausted of getting nickled and dimed... or that could just be me.
Johnny,
His thesis of investors transitioning out of public debt and into private markets in mass occurs when... WMT commercial paper was cheaper than treasuries this summer. I know timing is more art than science but his June call has not panned out yet. I do enjoy what he writes... interesting, relevant, and thought provoking imo.
per the Aelph blog:
"The Fed is out of good policy tools, so it will use bad policy tools instead."
Barry,
I was just commenting on the Street Sweeper site and seems to be their operating procedure... initiate short position and publish information supporting their position... a reverse pump and dump so to speak...
I was not indicating you or anyone didn't perform thorough dd...
The Street Sweeper... stunned how they can continue to operate?
6/24... began to initiate a short position in MILL and were short 129,400 shares @ $7.07 average on July 28
7/15... MILL closed at $8.02
7/28... published/posted article on website saturated with links to support their short thesis/position... MILL closed 5.40
7/29... MILL closed 4.41
http://tinyurl.com/3rswfe4
NT