OBAMA MATRIX

Administrator — Fri, 24 May 2013 01:20:10 +0000

VAMPIRE WEEKEND

Administrator — Fri, 24 May 2013 00:58:50 +0000

I AM A MAN OF CONSTANT SORROW

Administrator — Fri, 24 May 2013 00:39:39 +0000

THE BRILLIANCE OF WALL STREET SHILL BOB DOLL

Administrator — Thu, 23 May 2013 17:51:23 +0000

Wall Street shill Bob Doll is trotted out on a regular basis on CNBC as an expert to assure the ignorant masses the stock market will go up and stocks are undervalued. Like clockwork he was trotted out today after the Japanese crash. Below are his comments on January 9, 2008 when the S&P 500 was at 1,420. He predicted a new all-time high in the stock market during 2008. Over the next 15 months the stock market FELL by 53%. He missed by that much. He also predicted we would avoid a recession. This idiot didn’t realize the recession had already begun as he was writing those words. What amazes me is that shills like this douchebag still get paid millions to lie and bloviate on CNBC. You can certainly take his advice to the bank.

http://www.reuters.com/article/2008/01/09/idUS145128+09-Jan-2008+BW20080109

As credit markets regain their footing and investor confidence rebounds, equity valuations should improve in 2008, allowing the bull market to continue, according to Robert C. Doll, Vice Chairman and Chief Investment Officer of Global Equities at BlackRock, Inc. (NYSE: BLK). In fact, Doll is predicting that while equities are likely to remain volatile in 2008 due to above-normal uncertainty and below-normal liquidity, stocks will reach new record highs at some point during the upcoming year.
“While we believe investors will face significant risks this year, we remain cautiously optimistic overall,” Doll said.
“The economy is weak, but it is still growing, and consumers continue to spend, albeit at a reduced pace. The labor market has been under pressure, but remains resilient,” he said. “The decline in the dollar presents risks, but also has served as a catalyst for a boom in exports.”
Despite the significant drag from the housing recession and related credit problems, we believe that strong corporate balance sheets and cash flows, a resilient labor market, still-strong exports and an accommodative Fed are important counterbalances that should help the U.S. avoid a recession.
Stocks achieve a new all-time high in 2008 as price/earnings ratios improve. Equity valuations (i.e., P/E ratios) have improved only modestly since mid-2006 after experiencing several years of declines. We believe there is room for further improvement, particularly given our view that earnings are likely to be weak.

Bob Doll: ‘Sloppy period,’ not the end of the bull market

May 23, 2013, 1:02 PM

: Bloomberg; Robert Doll of Nuveen

The lesson from Thursday’s rocky start to the U.S. trading day? Stocks will have a “sloppy period” as investors make the transition to the reality that central banks won’t be providing that boost forever, said Robert Doll, chief equity strategist at Nuveen Asset Management LLC, which has $120 billion in assets under management.

But investors need to remember that if the economy is strong enough for the Federal Reserve to cut back on asset purchases, it means earnings are improving and can carry the market, Doll told MarketWatch. If the economy isn’t strong enough, the Fed will stick around.

And when the Fed does start to cut back on those $85 billion-a-month in bond purchases, its policy is hardly shifting to neutral, he said. At least for a while, the Fed will still be buying some big amount a month. Also read: Bernanke for dummies.

For now, there are plenty of people with lots of cash that are taking advantage of market “sloppiness” to jump in, Doll said. Indeed, he saw Thursday’s early drop – the Dow industrials were down 127 points on the heels of a huge selloff in Japan before turning positive just before noon — as an opportunity to continue the slow buying of cyclical stocks for his portfolios. Doll has a reputation as one of Wall Street’s most consistently bullish strategists. These days, he has plenty of company.

“The transition will cause bumpiness,” Doll said. But, he added, “This is not the end of the bull market.”

THE BITCH OF BELSEN

Calamity — Thu, 23 May 2013 17:29:09 +0000

I became interested in the Holocaust a few years ago. I had learn about it in school, but not much of a detailed picture of the horrors of the camps. Most history teachers just talk about the persecution of the Jewish people. Certain parts are left out of the conversation. Largely how to camps started and evolved to become mass slaughter factories. There had been many genocides before the Holocaust, but none of them compare. The Nazis were the first and only to take the practices of factory efficentcy to mass kill.

It has been debated how many German people knew about the kill factories. I suspect most knew about them from seeing Jews disappear from their communities. They knew they were removed from society, but I doubt they knew that they were being exterminated on such a large scale. For the most part, ordinary citizens were shielded from the actual camps. Some who lived nearby the camps saw the ash clouds from the crematoriums, but very few had been inside the camps. The Nazis were very selective of those who would be allowed to work in the camps.

One of the most notorious female guards in Aucshwitz was Irma Grese. She was one of the many guards who selected upon arrival which people were to be sent to the gas chambers. Her selections meant death more then any of the other guards. She had worked her way up in the camp in only one year. Her power gained in that one year held the same sway as Dr. Mengele. She was one of the very few female guards who had reached that status.