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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
@DanHardy It's been pointed out already that your arguments that illegal immigrants "bring down wages and take jobs" Americans want as opposed to jobs Americans don't want don't hold water. It is precisely those irrational fears used to stoke the ha…
@DanHardy, Fine, I'll admit I can't find any remark from you about Muslims if you admit that you have made comments about illegal immigrants and that while you are busy telling Crash "to stop living in fear" because of Glassner's work you need to st…
@DanHardy At this point I'm going to have to assume you're either lying, can't read or just willfully trying to irritate me. I'm going with the latter:
LewisBraham
January 31 Flag
@Dan You're right-Author Barry Glassner of the book you cite has ex…
@Danhardy
Can you show me the quotes where you included the word 'illegal' when refering to my quotes? I don't see any. Thanks They are all above this discussion. I'm not going to quote you every one if you are too lazy to actually read what people…
@Dan, You miss the point I used the word 'illegal aliens' not the word 'immigrants'. The word 'illegal' is a key word. Again, I did not miss the point. The word "illegal" was in every one of my posts regarding you and this thread. You yourself sudd…
No Dan, you got my quote wrong. I said: "He acknowledges that fear of illegal immigrants and Muslims is irrational here and yet in other threads claims they are a threat." Illegal immigrants is a less offensive term for the "aliens" you use. And it …
@Danhardy
Where did I claim immigrants and Muslims were a threat? Link please.
You stated the following:
The Ds are worse because they favor the illegal aliens who bring down wages and take jobs. You may want to reply that IAs do jobs that citizen…
Post-materialism is a euphemism for another euphemism--identity politics. The elite right-wing strategy has always been divide and conquer over race since Bacon's Rebellion in 1676 made the elites worry about a class uprising. Click here:https://en.…
@Dan You're right-Author Barry Glassner of the book you cite has exposed a lot of America's irrational fears. Among them, the fear of illegal immigrants and Muslims:
https://lclark.edu/live/news/34757-our-commitment-to-support-students-regardless-o…
Who is this Chaz de Vaulx? Is he Charles' evil twin? His doppelganger? An international man of mystery? I imagine Charles with his fists and face raised to the heavens like Kirk screaming "Chazzzz!" as his arch-nemesis steals the limelight.
The other interesting outlier here is State Street and its SPDR ETFs. They vote differently on these environmental issues: mobile.reuters.com/article/idUSKCN11C2HK
So it is possible for ordinary index fund managers, not just socially responsible one…
@MSF For the most part you're right. They both should be ashamed at this point, although in my piece I stated that BlackRock has long voted against such proposals. What's moved the needle is BlackRock's messaging about anthropogenic climate change h…
@MJG "Narcissism is never a good thing." Look in the mirror and you'll see one, Polonius. You like to hear yourself talk. I set up no straw man. And this "loser's policy" comment has an all too familiar ring to it. Your posts aren't "unabashedly acr…
For someone with an engineering degree who is a master of the longueur to say to a writer "You unwisely established a false straw man. For a professional writer that is an absolute no-no" is the embodiment of being a busybody. Further compounding t…
I have always contended that the reason so many active managers underperform is not because markets are efficient, but because of structural problems within the money management industry and behavioral problems within managers themselves. To put it …
"You may be thinking that, if passive is the way to go, you might as well make things even simpler. Why not just put your retirement money in the bank and forget it? While you can certainly do that, the results may be disastrous. If you want more t…
The thing about valuation, it's rarely the trigger for a selloff. It does however measure how severe a selloff will be when one occurs. For valuations to revert to their historical mean there needs to be some catalyst that shakes investors' confiden…
"Snowball’s “publisher’s letter” shares a hard truth: despite everything you’ve heard in the past year, things are getting better."
I found David's post a necessary tonic and I applaud that, but I think if we are talking big picture as he does, we …
@John, There are many ways of addressing the problem of irrational human behavior with varying degrees of success for investors: a quantitative smart beta approach that takes humanity largely out of the equation employing various factors; a pure ind…
@Edmond Now you're starting to sound like a socialist: feelthebern.org/bernie-sanders-on-trade/
From the link:
"Bernie spoke against NAFTA, saying that this fast track agreement with Mexico “will be a disaster for our working people, for our farmer…
@Edmond "Venezuala is the kind of socialistic state Obama would have loved to turn the US into -- with himself as the titular ruler." Sorry, but that is a purely delusional statement:
https://youtube.com/watch?v=HFLuOBsNMZA
@Edmond Mostly the "no we can't line" seems to come from people in the incoming administration who want to assure that fossil fuels are the only acceptable solution to our energy problems. Trump has promised to cancel the Clean Power Plan and to "c…
This part is hilarious:
"One possibility is that investors simply make mistakes when projecting future asset returns. If stocks have had an outstanding run for the past five years, or if earnings growth seems to have shifted to a faster trend, peop…
@Edmond How much oil exactly do you think the U.S. has?
news.nationalgeographic.com/news/2014/12/141219-fracking-oil-supply-price-reserves-profits-environment/
From the article:
" The IEA report projects that U.S. domestic oil supplies, dominated …
This would destroy Vanguard and Blackrock as index funds must by default own every stock in an industry, not just a single one. This kind of antitrust action also has less than zero chance of becoming reality under the new regime. A better reform wo…
A better investment might be to learn Russian:
mobile.nytimes.com/2016/12/10/us/politics/trump-mocking-claim-that-russia-hacked-election-at-odds-with-gop.html
https://theguardian.com/us-news/2016/dec/11/rex-tillerson-secretary-of-state-trump-russia…
@Edmond That would eliminate trade with countries like China and Mexico completely. Bear in mind, that China owns $1.2 trillion dollars worth of U.S. debt. What do you think they might do if you started a trade war as your reforms most certainly wou…
@Edmond 1. There is a significant portion of democrats who support fair trade via restrictions on trade with slave labor countries like China. Ask Bernie Sanders about this. It is the rest of the free-market loving Republican party that will likely …
The other factor that makes utterly no sense to Hennessy's argument is that in the 1980s interest rates were very high and falling, which causes stocks to rise each time there's a rate cut. Today rates are very low and if not rising certainly have n…
At the beginning of the 1982 bull market, the Shiller P/E was 7.7. Today it is 25.8:
multpl.com/table
That gets us to 1998 at best. A similar result occurs even if you use the ordinary trailing twelve-month p/e ratio:
macrotrends.net/2577/sp-500-pe-…
