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OBGibby's Account Talk
- Thread starter OBGibby
- Start date
Five Biggest Investor Mistakes of 2013 - Mark Hulbert, MarketWatch
Buy Low, Sell High? Well, You Missed Step One - Joe Calhoun, Alhambra
Optimism Is Winning - Brian Wesbury & Robert Stein, First Trust Advisors
Three Things The Bears Need To See - Todd Harrison, Minyanville
".....I also stumbled across the email below, from Minyan Gian Marco from Italia: "Ciao Todd, Dr. Marc Faber is long stocks (and a lot of gold). Nassim Taleb is long stocks (and out-of-the-money puts). Nouriel Roubini is long stocks (and is looking for 15% annual gain). Really? Doesn't this feel a little bit like capitulation?"....."
For my friends in California. Victor Davis Hanson is usually spot-on, and I think this piece pretty much sums it up...
California at Twilight
by Victor Davis Hanson
".....One of the questions I always hear from strangers: “Why doesn’t everyone leave?”
The answer is simple: for the coastal overdogs there is nowhere else where the
money is as good and the weather and scenery are as enjoyable. How much would
you pay to walk in cut-offs in February and not in three jackets in Montana? And
for the interior underclass, California’s entitlements and poor-paying service
jobs are paradise compared to Honduras, Jalisco, or Southeast Asia. And, yes,
the middle-class small farmers, hardware-store owners, company retirees, and
electricians are leaving in droves......"
Why Do People Hate Rising Stock Prices? - Pragmatic Capitalism
coolhand
Well-known member
Excellent, albeit sobering, read. I was fortunate to live in San Diego (perhaps the most conservative city in the state), but left almost 12 years ago for many of the reasons cited in this article. The schools were horrific. That was the hardest part for me, but the cost of living was difficult too. And politics just got more bizzare as time passed. The author of that article articulated this in exruciating detail.
Do I miss it?
No.
Do I miss it?
No.
Predicting Markets Or Marketing Predictions? - Butler & Philbrick, DShort
".....Expert forecasts were less well calibrated than one would expect from random guessesAggregated forecasts were better than any individual forecasts, but were still worse than random guesses
Experts who appeared in the media most regularly were the least accurate
Experts with the most extreme views were also the least accurate
Experts exhibited higher forecast calibration outside of their field of expertise
Among all 284 experts, not one demonstrated forecast accuracy beyond random guesses....."
Frixxxx
Moderator
Great Read OB!
Excellent, albeit sobering, read. I was fortunate to live in San Diego (perhaps the most conservative city in the state), but left almost 12 years ago for many of the reasons cited in this article. The schools were horrific. That was the hardest part for me, but the cost of living was difficult too. And politics just got more bizzare as time passed. The author of that article articulated this in exruciating detail.
Do I miss it?
No.
I've been gone three months, after 12 years, I saw things that would make my stomach turn and called it enough. I knew which off-ramps were not even an option on my commute to work. I knew the areas I would never see because of the crime. I was in Compton on assignment for a few months in my private sector days that made me cringe. And the straw was when they voted Brown back into office. Even after the debacle of "The Govinator", I still say Davis got the raw end of the deal. But it wasn't until Californians voted themselves 2% tax increase this year but no road map on how to get/stay out of the fiscal mess ensuing, did I actively, VERY actively, campaigned to get out.
I don't miss it, probably never will. But then again, I'm back this month and in May. First to outprocess my unit in So. Cal, second, to see my daughter receive her Masters, in Sacramento.
I'll handle my "temporary" status well. Knowing I have a great new life in Virginia.
coolhand
Well-known member
I don't know how I survived 20 years in SOCAL without getting into an accident. It wasn't for lack of potential opportunities, because I had many near misses. The author mentioned getting hit in his vehicle while sitting still in traffic. That happened to my daughter about 10 years ago. She got off a highway in San Diego and had to wait for a red light at the end of the ramp (there were many vehicles sitting at that light) and this middle eastern fellow came down in his pick up and rear ended here at highway speed. He then got out of his truck (my daughter was hurt and dazed) and began yelling at her as though it were her fault!!! Other motorists intervened and that jack ass ran off and left scene. Her car was totaled, but fortunately she wasn't hurt too seriously.
NiteFlyer
Member
...I'll handle my "temporary" status well. Knowing I have a great new life in Virginia.
Welcome to my state. The scenery is beautiful but the traffic in Northern VA sucks. What part did you move to? Coast, mountains, central, or northern? I'm up near DC, where I work.
Frixxxx
Moderator
Hey NiteFlyer...Check out my Location in top right of my posts....I'm in the deep south :toung: SUFFOLK! But I am perturbed about the tunnel/bridge system on my commute! Check my thread for interesting VA updates!
RealMoneyIssues
Well-known member
Having lived and commuted in both the DC/NORVA and Hampton Roads area, HR has it worse... the bridges and tunnels are horrible... but then I-95 southbound near Lorton is horrible too... hmmmm
Got rear-ended some years ago while sitting at a dead stop in the far left lane of I-95 in Northern Virginia. The car behind me was at a dead stop and the car behind it blowed into it, sending the middle car into mine. Third car decided it wasn't in his best interest to stick around and bolted. Middle car didn't have any insurance, so myself, my insurer, and the uninsured motorist fund in Virginia paid to fix my car.
