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August 7th, 2013 at 12:34 pm
Capitalism/ZZ – I agree with you but I wasn't looking to cover such a global topic. Of course, to some extent, the jobs that are being taken away from Americans are being given to 3rd Worlders so they get richer while the bottom 80% of the US get poorer as well. Unfortunately, that's only temporary until the glories of Capitalism (not a social policy!) enables people in those countries to rise up to the level where they can, in turn, influence actual social policy to enrich themselves at the expense of their fellow countrymen. In the end, all workers will be replaced by machines and there will be no jobs and just the people who own the machines and the "others". But it's not a social policy, so it's okay…
TSLA/StJ – Optimisitically, maybe they will do so well that they will earn DOUBLE next year's projected $1 per share this year – then their p/e would only be 65 instead of 650!!!
Redskins/Albo – Hey, it wasn't my cartoon, it was Diamond's (and he didn't draw it either) – I just thought it was funny! Is Redskin offensive? I don't get offended when someone calls me "white" and I'm pretty sure "black" is an OK term these days. I know Maddie was doing verbal somersaults the other day, trying to talk about her black friend getting sunburned at the beach without using the words black or dark – very silly…
GGS/Albo – Well, they're not exactly a blue chip, are they? I'm just worried that they had a flurry of business in the recent shale boom that isn't lasting and their normal levels of business aren't enough to make a profit, not to mention they've scaled up SG&A and costs (assume equipment on lease) in a big way and they simply can't afford to get slower as they have no cash and huge debt. Be careful with them.