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
Cannabis Central: These "Pot" Stocks Are The Least Volatile In A High Beta Sector
6 years ago

The main issue for cannabis is that it is being promoted as a fix all wonder drug and there is overproduction and low barriers to entry. Worse yet it isn't commercialized into the farming states where if they legalize it, then mass farming of marijuana can sink the price further. The final issue is this sector is well capitalized so losing money for now isn't even a barrier to entry. I'd avoid it until there is a decent barrier to entry like size and brand names.

The fun in this sector has ended all besides medical applications and maybe consumables. As you can see, the trend lines of most of these are clearly down.

In this article: ITHUF, CRLBF, EMHTF, ACB, LHSIF, TSNDF, FLWPF
US Leads World In Natural Gas Production And CO2 Reduction
6 years ago

Agreed as I said, the biggest global problem is the emerging counties and China who are compounding the problems by mirroring our development. You are correct that China and others generating power from coal is a big nightmare. It reminds me of England's problems with coal putting London under a continuous black pall.

The Table Is Set
6 years ago

Sadly Facebook is a very flawed carrier of legitimate crypto currencies. It is true cryptos are looking for legitimacy, but I think it is further down the line with better companies.

In this article: BITCOMP
Here's Another Recession Indicator To Add To Your Collection
6 years ago

The economic slowing is the economy adjusting after the last stimulus. The issue is if the economy falls further or falls faster than what is normal. So far neither has happened and the new budget seems to be running up government spending despite the higher deficit. This is not good in the long run but helps buoy the economy for now.

The main issue is the fact all these efforts have failed to raise growth much more than it has. One argument is Federal Reserve tightening. However, that is another thing that has been way too low for way too long. This is the only positive long term thing going on recently. The Federal Reserve needs to get rates back to normal to avert an eventual downturn from becoming a bad downturn. Likewise they should have reversed QE when the economy was no longer in recession years ago.

GDP Profit Revisions Really Highlight The Vulnerabilities
6 years ago

Global growth has continued to be lackluster with no real end in sight. If Trump starts a new round of wars actively devaluating the US dollar it will be more disruptive than the trade war with China. This is something a free market economy can't tolerate being its distortion is in line with a truly socialist country and undermines pricing and the free market. This is right now the only major concern with the current market and conservatives of all sorts should be against even the discussion of this.

This behavior is more socialist than Bernie Sanders.

Q2 Real GDP Per Capita: 1.51% Versus The 2.06% Headline Real GDP
6 years ago

The supposed hot economy looks incredibly standard, especially given the massive debt the US is taking on with a stimulus tax break that didn't give much to the middle class. That said, any tax break is better than none, however it must be balanced by government spending cuts. Now we are about to get a government spending increase. So no, the economy isn't so swell given this backdrop. The only good thing is the treasury has been reversing their QE slowly.

Is WTI Oil Readying For A 30% Price Drop?
6 years ago

The fear of a collapse in oil is way overdone. We will see a huge drop in a lot of things before we see a 30% drop in oil. Likewise, the over pumping and pumping at a loss is turning off for a good reason. Companies pumping oil and losing money at today's prices need to be bought out or shut down. Banks are hardly going to let them keep expanding anymore in the US because it is clear even in the Permian basin, expansion is coming at a cost, lower production and lower longevity of their existing oil infrastructure.

With Saudis Arabia already at unsustainable production and the US oil boom ending slowly, I tend to think oil is going up over time, not down.

Weakest Manufacturing PMI Of This Cycle
6 years ago

The market adjusts even to trade wars. Eventually orders and business moves to lower cost areas unaffected negating any advantages. And sadly, China was not he low cost leader even before the tariffs. Inevitably the US is the place for making and developing high margin high quality products including brand names. Unfortunately this trade war has hurt our global competitiveness which will be felt as time wears on.

That said, the US also adapts quickly and we will overcome such adversity like we have overcome many things in the past. Do not be worried, be excited for the future. Many things can clearly become better. i hope the space race is revitalized in the near future.

Europe Promises More ‘Stimulus’ Seven Years After Draghi’s Promise For ‘Stimulus’
6 years ago

If you stimulate stimulus of the same amount doesn't work. If you stimulate more stimulus in the same increase doesn't work over time. If you stimulate more the expectation of even more stimulus doesn't work even if it is unsustainable. Sadly, this is where the world is headed.

The Table Is Set
6 years ago

Facebook's desire to make a mess of crypto like it is making a mess of social media, elections, and privacy does not inspire me either. Their entry into it just magnifies the negatives and potential for abuse which is why Zuckerberg wants in it so badly.

In this article: BITCOMP
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