IntenseDebate - Damien Hoffman

15 years ago @ Wall St. Cheat Sheet - Dan Gilbert is a Total... · 0 replies · +1 points

I am a tremendous sports fan. As a fan, I know the athletes owe me nothing more than performing their best while they are on the team. They are employees who have a contract. When the contract ends, they are free to move on. It's exactly the same as your employment contract.

Talented people leave businesses and jobs ALL THE TIME. It's their right. When it comes to sports, fans think they have a claim of ownership on another human being. Well, we don't. They are doing their job like anyone else. People need to keep things in perspective. Sports is entertainment.

LeBron gave a TON to Ohio. I'd be grateful rather than spiteful. I think there are a lot of great people there who know one person is not the entire key to their destiny. I have faith the state will move on in a positive direction.

With that said, I know it sucks LeBron left.

15 years ago @ Wall St. Cheat Sheet - Say 'Hell No' to a Bla... · 0 replies · +1 points

Very nice twist. Black Swan hunting has been all negatively focused ... until now.

15 years ago @ Wall St. Cheat Sheet - 3 Critical Restriction... · 0 replies · +1 points

Yeah. It would suck.

15 years ago @ Wall St. Cheat Sheet - Is Elliott Wave Theory... · 0 replies · +1 points

ANF exploded yesterday on excellent sales growth. That's another teen barometer.

15 years ago @ Wall St. Cheat Sheet - Is Elliott Wave Theory... · 0 replies · +1 points

Thanks, geneva. I hear you. I actually read the entire bloomberg article and am discussing some of it in our Premium content ;)

Some weeks are harder than others to blog. This week is my daughter's first birthday and I took off the most time I have in a year. To regain my sanity for the second half, my posts were shorter. Thanks for hanging in there. I appreciate you reading!! Feel free to email me anytime.

15 years ago @ Wall St. Cheat Sheet - Was the Branding of Le... · 0 replies · +1 points

The bulls won with Jordan, Pippen, and Grant. The Celts won with Allen, Pierce, and Garnett. The Heat will win with Wade, James, and Bosh.

15 years ago @ Wall St. Cheat Sheet - Is Elliott Wave Theory... · 0 replies · +1 points

John,

You make some good points. However, the entire country is not unemployed or behind on their mortgage. There are plenty of people still taking home a paycheck and consuming.

15 years ago @ Wall St. Cheat Sheet - Is Elliott Wave Theory... · 0 replies · +1 points

I think the US will be refinancing their debt at record low rates. There has been no decrease in appetites for Treasuries because Europe is screwed. At the end of the day, the old paradigm is still in effect: US Treasuries are a safe haven.

I agree this status is in jeopardy. But if there was a viable alternative, sovereigns would flock to it. As of yet, there is none.

Call me crazy, but the US has been the most entrepreneurial social experiment in world history, and I don't see that coming to an abrupt end. Our days as a manufacturing powerhouse are probably over, but we are absolutely leaders in the new internet economy -- and I don't think most people yet understand how ginormous that economy will be.

Transitions are confusing and chaotic. We are undergoing one now. But there are a TON of Americans figuring out how they can profit. When the dust settles, I think the doomers will be surprised.

15 years ago @ Wall St. Cheat Sheet - Is Elliott Wave Theory... · 0 replies · +1 points

Great points. A few things:

What is pent up demand? Since college I have found this to be an elusive academic theory.

Of course post WWII was an economic driver. But we have new ones now such as the internet, telecom, healthcare, etc. Moreover, talk with anyone who lived through the 30's and they have a radically different DNA for consuming than any other living generation. They don't buy little gadgets at BBBY or replace their TV every time a new one is 2 inches bigger or another square inch has more pixels.

I think we agree on the basics, but we disagree that history requires an identical setup in order for us to get through our current problems.

15 years ago @ Wall St. Cheat Sheet - Is Elliott Wave Theory... · 3 replies · +1 points

Bloomberg is the de facto standard for accurate business and finance information. Again, if you have a better source, please cite it. The retail report on bloomberg is 100% factual and was cited in every media outlet. I do not run a research operation, and I don't have the time or money to poll the country's retail outlets. If you can provide an accurate reason why their study is flawed, let me know. If you are just picking to pick, that's fine too.

Youth consumerism: there are a bunch of posts on our site about retail. The obvious example is Apple, Amazon, Activision, etc. These companies are thriving.

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