Abdul Kalam

Jim Rogers on the Economy - Bearish on Stocks and Government

This cookie Jim Roger is shorting America. He is one of the biggest sucker. He was recommending the whole world to go long commodities when he himself was shorting it. This bastard want to short the government bonds to cause more pain to Americans since yield on these bonds is related to the mortgage rate, funding rate in debt/financial markets. Please don't listen to this traitor.

Citigroup's Derivatives Reduce Bailout to a Non-Event

Looks like you are the same cookie who had short position in C/GS/JPM and published a similar article last week. Now, with this article it seems you have covered your short position on GS. Good job else you would have your a** blown away. You still have short position in C and JPM. Similar to my advice last time with respect to GS, cover your short positions in C and JPM before Jan 15. Else you know what I am talking about.

Why the hell on this earth people want to post such rubbish article when they don't have a clue about derivatives/swaps and how they work. Go and read a little before trying to post such BS. The derivatives may stand at trillions but the net exchange or inter party trade would be only couple of billions. Take Lehman an example.

Folks, this cookie has published similar article in the past. Don't get swayed. Now is the time to go long Citi and JPM.

Hedge Fund Redemptions May Crash Q1 Markets

What's your theory on DOW and GOLD? Do you understand economics? Your article seems to be a lame duck. Watch GOLD crash next year. If you are lucky, GOLD won't go below $550.

Morgan Stanley on Subprime (Still Hurting), Real Estate and More

What are you trying to justify with your article? Are you long or short MS?

S&P's Downgrade of Financials Is a Definitive Bear Signal

Cover up your GS shorts, else its gonna blow your a** off. Remember what happened last week.

Goldman Sachs Goes Bold! Forecasts $45 Oil

Crude and other commodities tanking low is well intended. The primary goals being:

1) Twist arm of Iran, Russia. Let them feel more economic shock so that we can more easily bring back our troops home.

2) Provide some relief to the American household.

3) Save money on imports

SA is our ally in this even though they have to suffer in the short term.

This year, crude at 145 was more of a speculation rather than supply destruction. I see crude going to $20 or below in 2009-2010. This would cause countries like Russia, Iran, Venezuala beg fo help.

JPMorgan Chase: Poisoned by Bear's 5,000 Counterparties

BTW, I don't know where the heck you came with stock price of $15 for JPM. Just because you are on short side, doesn't mean you should post whatever arbitrary number you can come up with. My personal advice is to cover up your shorts on JPM and GS.

Disclosure: No long and short position in C, GS, JPM

JPMorgan Chase: Poisoned by Bear's 5,000 Counterparties

JPM only acquired the banking operation of WaMu, i.e., mostly its deposits and not the toxic mortgages (lesson learnt from Bear's acquisation). The bargain with Bear would compensate for the toxic assets acquired. In a nutshell, I expect JPM to be more stronger in the coming years. People talk about trillons when it comes to derivatives. But the net counter party trades is only few billions. Take for instance the settlement of Lehman's derivatives. The actual CDOs of 400+ billion led to net inter party exchange of only 4-5 billion. After Lehman's failure, fed and treasury has made it clear that it won't allow any other financial institution to fail.

The only thing I am concerned about is the rising unemployment which would cause credit card and mortgage defaults. This could lead to losses.

From technical analysis perspective, I see shares of JPM reaching $40 in december.