Ernie Montague

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174 Comments

    • Wed Nov 26th 12:47 PM
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      Reasons to Give Thanks for Capitalism
      Well, actually it is a bit more complicated. The number of birds that are thrown out after Thanksgiving is staggering.
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    • Wed Nov 5th 10:23 AM
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      Global Markets, Meet President Obama. Now What?
      While I voted for Obama, to avoid a McCain who has become a werewolf and his zombie barbie doll vice president, I do hope that folks realize nothing substantive is going to change in the next four years. We are still dealing with the execrable policies and decisions of the Bush administration, and will be paying for them for decades.

      Neo cons have destroyed the Republican Party, hopefully this will be a wake up call.
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    • Mon Sep 22nd 10:39 AM
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      Wall Street, R.I.P. Now What?
      I guess all those Phds at Goldman must have skipped a few classes.
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    • Fri Sep 19th 16:28 PM
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      High Dividend Stocks and Preferreds Soar
      I wish I had bought NRO at 5.50 two days ago LOL
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    • Fri Sep 12th 10:40 AM
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      The Next Bubble
      Wow, some of you are living in a dream world. Hedge funds made 20% returns for years because mutuals generally did not hedge, by law.

      Currently hedge funds are doing VERY poorly. The problem with any type of fund is that when a few are doing it, it works, When everyone is, nobody makes any money, hedge fund or not. Why? Because the once everyone targets the same stocks, they are quickly played out. The black box boys are hurting bad this year.

      Here you go:

      news.moneycentral.msn....
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    • Sun Aug 31st 11:49 AM
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      Exxon Shareholders Suffer a Windfall Loss of 13.7%
      I agree. We should also windfall tax Ford, GM, all the insurance companies and every hedge fund, in fact every stock out there, as they all benefit in some way from gubmint interference. In fact let's take them over and nationalize everything and appoint a committe to run them.
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    • Sun Aug 31st 11:25 AM
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      Energy Firms Should Look to U.S. Shale - Barron's
      Shale oil is truly the energy of last resort. The difficulty of extraction is sky high, and the environmental degradation is mindless and huge. At some point will people stop, look at the planet, and ask: "How much of the skin of the planet can we destroy before it no longer supports life?"
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    • Sat Aug 30th 11:12 AM
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      False Data Clobbers the Markets
      Let's see.. Rumors about Apple have cut $30 from the share value. That translates to: I bought this perennial loser at the highest it has ever been and am waiting for a miracle.

      Plenty of oil: Sure is. Getting it out of the ground is the problem. Ever try to suck oil out of sandstone closed pockets?

      China is not a risk. China is building freeways for 200 million cars. If one third that number fills them......... That will add another SIX MILLION barrels a day of consumption, which everyone admits is not currently possible.

      O, Inflation. The dollar is in tatters. The current free money policies have destroyed it.
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    • Sat Aug 30th 10:28 AM
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      Spreading Oil and Natural Gas: A Post-Labor Day Plan
      In ten years NG will be the primary energy source in the US. Probably. Or not. Today there is a huge oversupply. You want to be on energy, go ahead. Just remember that is what it is. A bet. Nothing more, nothing less.
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    • Sat Aug 30th 10:12 AM
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      Ominous for the Globe but Good News for Oil Bulls
      cjwirth wrote a good bit. The guy who thinks Hitler replaced oil needs to read some history about why Rommel lost in North Africa. Germany did not have enough oil to run their tanks or planes.

      Shale oil? Hello. Do some research on what is involved. It's not shale oil, it's soft rock with some petroleum in it. It's NOT OIL. Oil sands? Any idea how much water and energy THAT takes?

      Coal? Wake up to one fact. The US and world economy is completely dependent on OIL. A shortage slows the economy. Coal is not oil. The infrastructure to liquify it does not exist. You can not run cars on coal.

      15-20 years and we are energy independent? "Dreaming, I am always dreaming." Try 40-60. The infrastructure of alternatives that will replace the current oil based infrastructure is HUGE HUGE HUGE.

      Don't look for oil usage to disappear. It won't. Look for a gradual transition if we are lucky and worldwide depression if we are not. Sell that SUV.
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    • Wed Aug 27th 10:34 AM
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      Speculation and the Price of Oil: An Unfriendly Note
      Cliff Notes: " I am very smart. Why doesn't anyone listen to me? You'll be sorry, I promise."
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    • Wed Aug 27th 09:56 AM
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      Ethanol: Our Answer to Reducing U.S. Dependence on Foreign Oil
      The answer to the energy crisis is not to produce more energy. It is to drastically alter our lifestyles and stop being the 10% of the world population that uses most of the energy. Stop driving three blocks to pick up a DVD. Stop living in 3000 square foot mansions for two people that need huge amounts of power to heat, cool, and run the appliances, including that energy inefficient sub zero. Stop using up the remaining oil that our children's children will need. Stop depending on God "technology" to come up with a miracle when we need it. Wake up and look around.
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    • Sun Aug 24th 12:15 PM
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      Why $200 Oil Is Good for US Markets
      I agree with many of your conclusions. The US government has been taken over by spendthrift politicians, who have allowed and encouraged incompetent and corrupt administrators to perpetuate the status quo. Every large US agency, rather than trying to cut costs, lobbies for more money and more employees.
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    • Sat Aug 23rd 12:00 PM
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      Cheap Silver: Whither the Ratio?
      Silver analysis by Chart! LMAO. Speculative precious metals don't succumb to short term analysis. I have all the silver I bought in the seventies and eighties. Most at $4 an ounce, a bit at $10. It went a lot higher IIRC and back down again. I still own it. I will hold onto it. If you are buying silver or gold for short term speculation, there is one word for you: Speculator. It sounds so much better than "Idiot who lost his shorts."
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    • Sat Aug 23rd 11:42 AM
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      Natural Gas Fund Is Flaming Out
      A. The energy costs today are not the reason for foreclosure. Foreclosures are due to ARMs resetting and people buying houses they could hardly afford with zero down and cash back.... And the predators who willingly sold them the loan.

      If our average energy costs double, it is still a small part of our budget.

      UNG is a fund for speculators. If you want to buy NG, buy CHK, DVN, WLL or other companies. If you want to SPECULATE buy UNG and complain when your speculation was wrong.
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