Uncle Bill

In Memory of Long Term Capital

Your market knowledge is very limited. When the market as a whole falls, the riskiest issues -- techs -- will fall the most. That's why they're the riskiest. Dismissing the banks and brokers because they only represent a portion of the market is a fatal mistake. The stock market follows the banks and brokers; check the charts. Just in the last couple weeks have the analysts taken off their buy ratings. You will soon see that the entire economy has been dependent upon new construction for the past five years, and now that's come to an abrupt halt. The whole foundation of risk taking by hedge funds was built upon the knowledge that CDOs would fund their operations. That business is bust. Those stocks you bought will be much lower in six months.

The Buffett Sell Signal

Thanks for reprinting what I read on Bloomberg. No alpha here.

Miracle: Bush To Part The Bankrupt Sea

Good comment, Al Rob. How could the editors let this bit of nothing on the site? Tuesday would have been a good day to establish buy/writes on those stocks you mentioned. Where were you then? Check me at impliedrisk.blogspot.c... for timely, useful commentary. Plus, you were wrong. Countrywide (CFC) barely budged. Too late too sell any high-cost premium. Thanks.