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March 20, 2008 at 6:58 PM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174335March 20, 2008 at 6:58 PM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174344
CoronitaParticipantWell I am not quite J6P nor a moron. I am a master of self-deprecation.
I didn't try to imply you were. You said you were average joe. Assuming that statement is accurate (I don't know) and that average joe and the rest of average j6p hears/reads/sees (ok maybe j6p doesn't read) on paper/internet/tv touting "BUY COMMODITIES NOW, GET RICH QUICK", to me that means that mainstream has caught up to this "next big thing", and that sooner or later prices are going to be driven up to insane levels and then fall.
Come on folks, don't you think that mass media has gotten hold of this next "big thing" and is now touting it? I can't count how many spam emails, junk snail mail, advertisements I'm seeing,hearing, watching touting "buy gold, buy silver, buy energy, get rich, beat inflation, beat blah blah blah.." It seems it's ominous of the next hype. There was even an cnn article about how folks/one should dig up old gold jewelry and try to sell them to capitalize on the recent run-up in gold prices (forgetting the fact that most accessory jewelry is like 14k and pretty useless).
As far as high oil prices. I think long term that might be a good thing. One thing that I think is that Americans are very creative, and if oil/gas is going to be insane, markets will bring the need for alternative energy.
echo, I think your analysis for buying gold/precious metals (in 20/20 hindsight :)) would have yielded you incredible gains 3 years ago. I'm not so sure if the runup will continue. But what do I know, I'm a lazy union worker j6p š Plus as someone once pointed out, opinions are like ….
So here's an idea (albeit terrible). Why not starting to move a (small) amount into REITS :)….Seriously, what do you have to lose? Things are so low across the board, not everything can be terrible. And no one is looking there these days…And if it is, it's just a small amount, who cares if it gets halved? (no I'm not doing this myself. Are you insane? š ) Or why not buy some low priced banks. Not every bank is going to default and end up like BSC.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 20, 2008 at 6:58 PM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174353CoronitaParticipantWell I am not quite J6P nor a moron. I am a master of self-deprecation.
I didn't try to imply you were. You said you were average joe. Assuming that statement is accurate (I don't know) and that average joe and the rest of average j6p hears/reads/sees (ok maybe j6p doesn't read) on paper/internet/tv touting "BUY COMMODITIES NOW, GET RICH QUICK", to me that means that mainstream has caught up to this "next big thing", and that sooner or later prices are going to be driven up to insane levels and then fall.
Come on folks, don't you think that mass media has gotten hold of this next "big thing" and is now touting it? I can't count how many spam emails, junk snail mail, advertisements I'm seeing,hearing, watching touting "buy gold, buy silver, buy energy, get rich, beat inflation, beat blah blah blah.." It seems it's ominous of the next hype. There was even an cnn article about how folks/one should dig up old gold jewelry and try to sell them to capitalize on the recent run-up in gold prices (forgetting the fact that most accessory jewelry is like 14k and pretty useless).
As far as high oil prices. I think long term that might be a good thing. One thing that I think is that Americans are very creative, and if oil/gas is going to be insane, markets will bring the need for alternative energy.
echo, I think your analysis for buying gold/precious metals (in 20/20 hindsight :)) would have yielded you incredible gains 3 years ago. I'm not so sure if the runup will continue. But what do I know, I'm a lazy union worker j6p š Plus as someone once pointed out, opinions are like ….
So here's an idea (albeit terrible). Why not starting to move a (small) amount into REITS :)….Seriously, what do you have to lose? Things are so low across the board, not everything can be terrible. And no one is looking there these days…And if it is, it's just a small amount, who cares if it gets halved? (no I'm not doing this myself. Are you insane? š ) Or why not buy some low priced banks. Not every bank is going to default and end up like BSC.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 20, 2008 at 6:58 PM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174439CoronitaParticipantWell I am not quite J6P nor a moron. I am a master of self-deprecation.
I didn't try to imply you were. You said you were average joe. Assuming that statement is accurate (I don't know) and that average joe and the rest of average j6p hears/reads/sees (ok maybe j6p doesn't read) on paper/internet/tv touting "BUY COMMODITIES NOW, GET RICH QUICK", to me that means that mainstream has caught up to this "next big thing", and that sooner or later prices are going to be driven up to insane levels and then fall.
Come on folks, don't you think that mass media has gotten hold of this next "big thing" and is now touting it? I can't count how many spam emails, junk snail mail, advertisements I'm seeing,hearing, watching touting "buy gold, buy silver, buy energy, get rich, beat inflation, beat blah blah blah.." It seems it's ominous of the next hype. There was even an cnn article about how folks/one should dig up old gold jewelry and try to sell them to capitalize on the recent run-up in gold prices (forgetting the fact that most accessory jewelry is like 14k and pretty useless).
As far as high oil prices. I think long term that might be a good thing. One thing that I think is that Americans are very creative, and if oil/gas is going to be insane, markets will bring the need for alternative energy.
echo, I think your analysis for buying gold/precious metals (in 20/20 hindsight :)) would have yielded you incredible gains 3 years ago. I'm not so sure if the runup will continue. But what do I know, I'm a lazy union worker j6p š Plus as someone once pointed out, opinions are like ….
So here's an idea (albeit terrible). Why not starting to move a (small) amount into REITS :)….Seriously, what do you have to lose? Things are so low across the board, not everything can be terrible. And no one is looking there these days…And if it is, it's just a small amount, who cares if it gets halved? (no I'm not doing this myself. Are you insane? š ) Or why not buy some low priced banks. Not every bank is going to default and end up like BSC.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
CoronitaParticipantNot bad pricing.Ā Still needs to goĀ lower though. Not sure if being on Xmas Card lane is a good thing or bad. I would hate to be a renter that has to put up with all that decorationĀ andĀ visitor traffic every year.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
CoronitaParticipantNot bad pricing.Ā Still needs to goĀ lower though. Not sure if being on Xmas Card lane is a good thing or bad. I would hate to be a renter that has to put up with all that decorationĀ andĀ visitor traffic every year.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
CoronitaParticipantNot bad pricing.Ā Still needs to goĀ lower though. Not sure if being on Xmas Card lane is a good thing or bad. I would hate to be a renter that has to put up with all that decorationĀ andĀ visitor traffic every year.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
CoronitaParticipantNot bad pricing.Ā Still needs to goĀ lower though. Not sure if being on Xmas Card lane is a good thing or bad. I would hate to be a renter that has to put up with all that decorationĀ andĀ visitor traffic every year.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
CoronitaParticipantNot bad pricing.Ā Still needs to goĀ lower though. Not sure if being on Xmas Card lane is a good thing or bad. I would hate to be a renter that has to put up with all that decorationĀ andĀ visitor traffic every year.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 20, 2008 at 3:53 PM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #173916CoronitaParticipantBecause if you believe you are average joe, and if other average joes and j6p's are talking about moving money into commodities and foreign investments, and when the investment houses start to massively advertise moving things into commodities and foreign investments, perhaps this is like herd mentality which doesn't really know what they're getting themselves into? Herds always seems to drives up prices, and it seems like mainstream media has caught commodity, precious metals, etc. It probably is too late to move into precious metals/energy/foreign assets.
Seriously though, when did you start to think about metals/commodities? Is it something you read on CNN or the like? If so, don't you think others are thinking the same thing?
Anyone else catch on NPR yesterday night that some european companies are starting to complain that with the weak dollar, it's hurting them competitively? I'm just wondering how a strong Euro in the long term is going to help EU companies.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 20, 2008 at 3:53 PM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174260CoronitaParticipantBecause if you believe you are average joe, and if other average joes and j6p's are talking about moving money into commodities and foreign investments, and when the investment houses start to massively advertise moving things into commodities and foreign investments, perhaps this is like herd mentality which doesn't really know what they're getting themselves into? Herds always seems to drives up prices, and it seems like mainstream media has caught commodity, precious metals, etc. It probably is too late to move into precious metals/energy/foreign assets.
Seriously though, when did you start to think about metals/commodities? Is it something you read on CNN or the like? If so, don't you think others are thinking the same thing?
Anyone else catch on NPR yesterday night that some european companies are starting to complain that with the weak dollar, it's hurting them competitively? I'm just wondering how a strong Euro in the long term is going to help EU companies.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 20, 2008 at 3:53 PM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174268CoronitaParticipantBecause if you believe you are average joe, and if other average joes and j6p's are talking about moving money into commodities and foreign investments, and when the investment houses start to massively advertise moving things into commodities and foreign investments, perhaps this is like herd mentality which doesn't really know what they're getting themselves into? Herds always seems to drives up prices, and it seems like mainstream media has caught commodity, precious metals, etc. It probably is too late to move into precious metals/energy/foreign assets.
Seriously though, when did you start to think about metals/commodities? Is it something you read on CNN or the like? If so, don't you think others are thinking the same thing?
Anyone else catch on NPR yesterday night that some european companies are starting to complain that with the weak dollar, it's hurting them competitively? I'm just wondering how a strong Euro in the long term is going to help EU companies.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 20, 2008 at 3:53 PM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174277CoronitaParticipantBecause if you believe you are average joe, and if other average joes and j6p's are talking about moving money into commodities and foreign investments, and when the investment houses start to massively advertise moving things into commodities and foreign investments, perhaps this is like herd mentality which doesn't really know what they're getting themselves into? Herds always seems to drives up prices, and it seems like mainstream media has caught commodity, precious metals, etc. It probably is too late to move into precious metals/energy/foreign assets.
Seriously though, when did you start to think about metals/commodities? Is it something you read on CNN or the like? If so, don't you think others are thinking the same thing?
Anyone else catch on NPR yesterday night that some european companies are starting to complain that with the weak dollar, it's hurting them competitively? I'm just wondering how a strong Euro in the long term is going to help EU companies.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 20, 2008 at 3:53 PM in reply to: What am I missing? Is that a train coming at me or am I Chicken Little? #174363CoronitaParticipantBecause if you believe you are average joe, and if other average joes and j6p's are talking about moving money into commodities and foreign investments, and when the investment houses start to massively advertise moving things into commodities and foreign investments, perhaps this is like herd mentality which doesn't really know what they're getting themselves into? Herds always seems to drives up prices, and it seems like mainstream media has caught commodity, precious metals, etc. It probably is too late to move into precious metals/energy/foreign assets.
Seriously though, when did you start to think about metals/commodities? Is it something you read on CNN or the like? If so, don't you think others are thinking the same thing?
Anyone else catch on NPR yesterday night that some european companies are starting to complain that with the weak dollar, it's hurting them competitively? I'm just wondering how a strong Euro in the long term is going to help EU companies.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
CoronitaParticipantDoesn't help that ChinaĀ keeps pegging theĀ yuan to the dollar and that companies like Dell keep shifting to components made there.
Editorial notes: As if Dell's desktops/laptops weren't already POS's….Dell can now go fromĀ crappy desktops and laptops to even CRAPIER desktop and laptops. Sounds like a winning proposition to me. What now, "Walmart inside" stickers on the laptops?
Ā Dell to buy $52 bln components from China
Thursday March 20, 10:10 am ET
By Kirby ChienBEIJING (Reuters) – Dell Inc (NasdaqGS:DELL – News) plans to buy $23 billion of components from China this year and $29 billion in 2009, helping it reduce costs while the company's main market, the United States, is facing recession.
The commoditization of computer hardware means competition is more a function of price and efficiency than quality and branding, making China a favorite place to source a broad range of goods, including electronic components.
"China is critical to Dell's global supply chain," founder and Chief Executive Michael Dell told reporters on Thursday.
"Dell will purchase $70 billion of computer-related supplies and equipment from China," he said, referring to total purchases over the 2007-2009 period.
The world's second-largest personal computer maker, Dell is far from alone in looking to China to reduce manufacturing costs and remain competitive.
Last November, Cisco Systems Inc (NasdaqGS:CSCO – News) said it would almost double its purchasing from Chinese suppliers over five years to $16 billion.
Cisco is the biggest maker of routers, switches and other equipment that make up the Internet.
Hardware makers such as Dell, Cisco and Hewlett-Packard (NYSE:HPQ – News; HP) could be hit hard by a U.S. economic downturn, Dell even more so because it relies on the U.S. for about half of its revenue, a much higher proportion than larger rival HP.
That makes China's role as a customer equally important to Dell, which saw a 54 percent rise in unit sales on the mainland during its last financial quarter.
"China is one of the most dynamic and fastest-growing economies in the world, and we've made significant business and social investments here in the past 10 years," said Michael Dell.
Dell's presence in China includes two manufacturing operations in the south, a product design centre in Shanghai — one of the company's largest — and a sales support centre in the north east for customers in Japan and Korea.
The company lost top market-share spot to HP in 2006 as consumers favored buying notebook PCs in stores, leading it to abandon last year a long-standing direct-only sales model.
It now sells PCs in retailers such as Wal-Mart Stores Inc (NYSE:WMT – News), Carrefour SA (Paris:CARR.PA – News) in Europe and China's GOME Electrical Appliances Holding Ltd (HKSE:0493.HK – News).
Dell was speaking at an event to celebrate 10 years of operations in China.
($=7.06 yuan)
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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