Richard Shinnick

Nothing More Than a Short Covering Rally

Ok, now tell me what happens the next 5 days. Thanks.

Strategists Still Expecting Big Market Gains by Year's End

Funny, that list is a who's who of banks needing capital infusions. Lets see, can I get a $25 billion capital infusion if I forcast a market that goes down 25%? Hmmmmm....

BTW, I think you mixed up the calculation here since they lowered guidance:

"Overall, the average strategist is looking for a gain of 18.39% by the end of 2008 from current levels. At the start of the year, they were looking for 11.12%"

I really do appreciate the numbers you guys post. Thanks.

It's Ugly Out There. What's Washington Waiting For?

Yep,

When things are going great, get out of our way. When things are a little shaky, HELP!!!!!!!!!

Whatever you do, under no circumstances let home values fall to where the average responsible family in a given area can afford the average home. That would be terrible. HELP!!!!!!!!

Hurry up and send out those checks, my children will have to make them good, but I am a little tight on cash this month with 2 BMW payments and that time share in Aspen. I need some relief. HELP!!

When a friend bought 4 times the house he could afford with a 1% teaser I told him it was irresponsible, he told me that if things got bad the government would have a program to bail people out-that is what the mortgage broker told him. You know, he was right.

So much for moral hazard. Borrow against your children's future, great examples we are. Send out the checks, hurry, hurry, hurry.

Dissecting Mr. Market's Bad Breadth

So, a rising tide does not lift all boats. I guess it is just about what sectors are working, no more just buying the market? Throw me some conclusions here. Thanks.