Moon Kil Woong - Comments
Executive Officer at SME
Moon Kil Woong is currently a VP at a SME. Previously he was a tech stock consultant, VP of Research at ING, and sell side Director at Crédit Agricole Indosuez. Moon Kil Woong has a Masters in Public Administration from SJSU. He contributes to both TalkMarkets and Seeking Alpha. You ...more
Latest Comments
The Big Four Economic Indicators: February 2018 Real Retail Sales
7 years ago

I don't see that much change in the near term. Rates have increased but there is now fiscal stimulus. Retail sales is not indicating a big economic boom and unemployment is not showing a economic dip. It seems like more of the same. The status quo pull of a zombie economy is a vice-like grip, just ask Japan. Maybe we will get a couple more years before we feel a strong downdraft. Sadly, I doubt if by them the Federal Reserve will have raised rates enough to do much to help by lowering them again. They will probably zirp them out before we hit the downdraft.

Four Days To Trade Wars: Can Stupidity Be Avoided?
7 years ago

This is the biggest concern in the market today. Indeed no one wins, especially since Asia will continue to pick up gains in Europe and Europe will get more competitive with Asia much like the US has benefitted from Asia ties the last few decades.

The Lonely Island
7 years ago

It is unfortunate QQQ is so heavily represented by a few names, however Facebook is a company specific issue and tech can overcome it if tech remains resilient. The bigger issue is a looming trade war and potential inflation, although that may help many tech companies selling internationally or holding lots of overseas assets.

In this article: QQQ, META
Facebook Data Breach Plunges Tech Stocks
7 years ago

Not good. I wonder how many other apps and things asking for users approvals have been misused. Facebook is a veritable feast for data mining and advertisers already even without this. We will see what repercussions this has. We may never be able to see how this data was used and what purposes. I suspect it was more for making money off people than political in nature.

In this article: META
The Wealth Machine That Rising Interest Rates Create & The Conflict With The National Debt
7 years ago

Sadly the Federal Reserve's actions have been geared towards punishing savers and encouraging debt accumulations. It will be hard to pull away from that mindset and it will inevitably cause further short term economic morass and decline. Continuing onwards will be worse because it only encourages worse long term problems and inevitable collapse. Sadly in economics nothing comes without a cost. It would be wise for the central banks and governments to realize this and fix it gradually if not in short order.

This issue isn't coming to a head anytime soon, however, that is why it never gets resolved.

Recession: When You See It, It Will Be Too Late
7 years ago

I agree that data is corrected too late to see the recession until after it is upon us like the last recession. Sadly most people don't realize this because people don't keep post and focus on the initial historical data which is what matters, especially when it leads people wrong. Thus we don't learn from our mistakes because the revisions cover it over.

That said, I don't see the crash happening immediately. The government stimulus which is what the tax cuts were will keep the economy floating for a while as long as trade wars are limited and the dollar and bonds don't drop substantially from here. No a weak dollar isn't good for America in all cases. As for retail sales, they have looked terrible for years now. The service, medical, and technology sector is more important now than it ever has been.

Bitcoin Tumbles After Mt.Gox Trustee Denies Massive Sales Affected Prices
7 years ago

Admitting that any single big players can crash the market is bad for cryptos as well as denying that big players selling aren't the cause of the crypto market crash. The point is, the market has crashed and the market is still too shaky and thinly traded to stabilize pricing up or downwards. The major concern is who is willing to hold cryptos if they drop off an even steeper ledge. It is looking like whoever dumps first will be the winner which is both obvious as well as dangerous given the mass holdings of some of the players.

These cryptos do not trade like a currency. One should be aware of that fact before getting in them, especially for the long term.

In this article: BITCOMP
Are U.S. Banks On The Verge Of A New Golden Era?
7 years ago

hopefully mid sized and small banks will recover and rebound from the past decade of stacking the deck in favor of TBTF banks. This also should help the economy. The smaller TBTF banks the healthier the US will be in the long term unless they crash and cause yet another catastrophe.

In this article: BBT, C, FFBC, HTBK
Stock Of The Week: The Charles Schwab Corporation
7 years ago

The company has performed well but seems a bit pricey here. I also worry about the sustainability of its growth longer term. It certainly has done well recently, but that seems to me to be a reason not to buy it more than a reason to buy it.

In this video: SCHW
Peter Navarro's Trade Math Says The US Lost 55 Million Jobs
7 years ago

I appreciate those who try seemingly in vain to teach people the most obvious and basic economic facts. It is a thankless job.

In this article: GLD
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