sammyg123

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97 Comments

    • Sat Mar 15th 08:08 AM | Rating: 0 0
      Commented on:
      Bear Stearns Gets Emergency Funding From NY Fed, JP Morgan
      Well, so far, savvy market bears are making profits. So, i guess they deserve the profits. Don't get angry, get with the tape. The tape doesn't lie. Dogma does. If what you are doing isn't working, Outanames, it takes a lot of guts to short the market. If you can't anticipate market moves, then you are selling yourself short. Don't hate the players that are winning. It's best just to learn from them. Being bullish in the face of systemic risk is foolish, especially when the extent of that risk hasn't been realized in the market place. We might be in the 3rd inning of the great unwinding that has started. I suggest reading Martin Short, from the Financial Times, Enzio Von Pfeil, and yes...Doug Kass, and Barry Ritholtz. These people didn't cause the bear market, they just saw it coming. I suggest just reading them and seeing how what they say seems to match up the reality of the tape. If you can't grasp the connection, then....welll, I guess we all get what we deserve, don't we. Good luck. Please be polite, even when you are polemic. Not one market bear is a p&ssy - they are realists whose view is proven for the last 6 months. No one is right all the time, but you have to give credit where credit is due. Bravo Barry and others. Keep up the good work. I am waiting for an excuse to be bullish, and I don't see it yet. When I do, I'll be long.
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    • Fri Mar 14th 12:03 PM | Rating: 0 0
      Commented on:
      Bearish Bloggers Too Optimistic!
      Tony Soprano - put your portfolio out for all to see and let's see how you are doing? Here's mine:
      GLD 98.71 +0.37 (0.38%) 20.30B
      SLV 203.75 -0.31 (-0.15%) 3.10B
      BEARX 6.78 -0.05 (-0.74%) -
      FXA 94.05 -0.83 (-0.88%) 215.86M
      SIJ 66.86 +1.86 (2.86%) 55.16M
      SPHRY 3.00 0.00 (0.00%) 53.91M
      GSC 73.95 -0.53 (-0.71%) 163.50M
      RSX 48.76 -0.55 (-1.12%) 602.77M
      GDX 56.33 +0.28 (0.50%) 929.59M
      EESV 0.05 0.00 (0.00%) 22.12M
      QLD 65.99 -2.07 (-3.04%) 1.04B

      I have long positions, and I have short positions, because I am ambivalent. I trade my longs short term, over week periods, and I harvest my short fund, BEARX, monthly. I have done this for 6 months, and I am lucky. I have profited. The bulk of my investment is in FXA - Australian dollars. It's boring,but it is working. I hope you have profits, too, but if you are really a bull, and as illusioned as I perceive you to be, then I encourage you to study macroeconomics more. When Barry or other smart and prescient analysts, such as Doug Kass or Enzio Von Pfeil get bullish, I suppose you might want to agree with them. They obviously know better than the both of us. The tape doesn't lie, Soprano. Get with it.
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    • Fri Mar 14th 11:52 AM | Rating: 0 0
      Commented on:
      Bear Stearns Gets Emergency Funding From NY Fed, JP Morgan
      I love it when the permabulls get schwacked. It must be difficult to live with cognitive dissonance. The market goes down and down, systemic risk is everywhere, and they say this is time to buy, and hold? Dogma won't help us here - there is systemic risk and this means our financial system is in real trouble. As go the financials, so goes US businesses, with few exceptions. Of course, it always gets darker once it goes pitch black. The next shoe dropped, and the next is coming. Rate cut next week? Who cares. Short term rally? For sure. Fed versus the financials. What a show.
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    • Thu Mar 13th 23:47 PM | Rating: 0 0
      Commented on:
      CFOs: Recession Has Already Started
      Soprano may be right in the long term, but his theory will be tested, because we are in a bear market. Bottom pickers often become cotton pickers. Dogma won't help you right now, we are in a financial crisis that has never been seen before, and nobody knows how deep it is. We do know that it is deeper than what we have seen thus far. CFO's have insight into their companies and their industries. They are a lagging indicator, to a degree, because they only see what has happened, however, they do have some short term foresight, too. This is a bad market, Soprano, and I wish you luck. I have a mixture of short and long positions. I am ambivalent, and quite comfortable. When the economy turns, then I'll change my stance. In the meantime, I keep reading Ritholtz. He writes what I see as reality in the market, from Wall Street to the convenience store. If this isn't enough for you, try thestreet.com. They'll tell you what you want to hear.
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    • Thu Mar 13th 23:41 PM | Rating: 0 0
      Commented on:
      Carlyle Deserved to Collapse
      Watch the liberal camp blame this on our president. They would also blame the Bush family for hurricanes and tidal waves, if they could . Never mind that Carlyle is a european company.
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    • Thu Mar 13th 23:37 PM | Rating: 0 0
      Commented on:
      Carlyle Capital: Collateral Damage
      HERE WE GO AGAIN. HERE COME THE BUSH BASHING BABIES. THIS IS A FINANCIAL WEBSITE. GO TO MOVEON.ORG FOR YOUR POLITICS. SILLY LIBERALS, FINANCE IS FOR CAPITALISTS. TGAL0246, GET A LIFE.
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    • Thu Mar 13th 01:07 AM | Rating: 0 0
      Commented on:
      Fantasy-Based Economics
      There are reasons why the dollar was taken lower - probably because the Fed is trying to stimulate our exports and reduce our trade deficit. This is an attempt, albeit weak, to compensate for the receding mortgage and finance industries. Of course, we all pay for it, because now our dollar purchases less, and we have inflation across the board to contend with. The Fed is in a lose-lose position, and so is the American people. Point fingers all you like, or drive on and figure out how to preserve your purchasing power. Cry me a river. Sh&t happens, and the world is a nasty place sometimes. The markets are not there just to give you money. You have to take money from the market, and that is the name of the game. Get smart, trade right, or lose. If you lose, don't cry. Improvise, adapt, and overcome. Get a grip on reality, and anticipate it's developments. The global economy is hurting, so what are you going to do? Quit? Waste time trying to get what you want from politicians? Good luck.
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    • Wed Mar 12th 10:45 AM | Rating: 0 0
      Commented on:
      Fed Rally on Garbage Paper!
      Great comment Balsamo. Just wait - watch the liberal operatives come in with some anti-Bush quotes and suggesting an Iraq pullout. Wait for it....wait for it....
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    • Wed Mar 12th 02:46 AM | Rating: 0 0
      Commented on:
      Fantasy-Based Economics
      Silly liberal operatives, this is A FINANCIAL DISCUSSION WEBSITE. Finance is for capitalists. Statecraft is for politicians. Stop trying to sell a good economy in exchange for a withdrawing from Iraq. It's retarded, and false. You can't buy votes with a dreams based on fantasy economics based on socialism. NOBODY BELIEVES IT. Move your posts to Moveon.org.
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    • Wed Mar 12th 02:28 AM | Rating: 0 0
      Commented on:
      Central Banks, in Panic Mode, Announce Large Auction
      special1person, I do agree that spending must be cut, but nobody is talking about that, especially not the side that you advocate. Hillary isn't Bill, and Barak isn't JFK. Neither of those two is credible, whether considering the economy or national security.
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    • Wed Mar 12th 02:23 AM | Rating: 0 0
      Commented on:
      Central Banks, in Panic Mode, Announce Large Auction
      special1person - raising taxes isn't the answer. Taking money out of the hands of consumers isn't the answer. Politics is not the solution to economic problems, unless it means cutting taxes. This isn't an economic theory, it's a reality. Obviously there are political operators posting on Seekingalpha, and they are democrats trying to condition our minds to voting for Hillary or Barak, or whatever. Let's keep politics out of seekingalpha, or this site is going to degrade even more. Silly liberals, finance is for capitalists.
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    • Tue Mar 11th 11:09 AM | Rating: 0 0
      Commented on:
      Fantasy-Based Economics
      Good job Thomas Barta - way to sneak in a jab against the Iraq War! What about congress spending hundreds of billions more than the cumulative cost of the war for the last 5 years? Get real. At least the Iraq war might have an outcome that brings IRAQI OIL SUPPLY TO THE MARKET, thus easing all of our pocket books which are hurting because of the rising cost of gas, and therefore, all commodities. Wouldn't that help the economy? If you want to be infuriated, then have a talk with congress and get them to stop wasting tax payer money on useless pork.
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    • Tue Mar 11th 10:50 AM | Rating: 0 0
      Commented on:
      Central Banks, in Panic Mode, Announce Large Auction
      Oh my, does this move smell like desperation or what? Let's see, the Fed now accepts non-agency paper as collateral, and is stepping in as BUYER OF LAST RESORT for whatever happens to be out there. By using non-agency paper as collateral, they are arbitrarily setting a price on this stuff, which perhaps couldn't be priced before because of the credit freeze. So, financial institutions are going to start lending now? Well, they'll certainly borrow more for the Fed by putting up very questionable collateral, that is for sure. Meanwhile, the real price of this paper will be eventually realized, but who will be holding it - the bank or the US taxpayer-financed Federal Reserve? What will happen when one of these papers defaults while in the Fed's vaults? Who pays for it then? The stock market likes this move, especially because financials will be able to use the auction window to prevent further write downs - they have prices on their paper now that is established by the Fed! No need to write it down anymore! It has a price set by the auction window! A price set by the government - it's a price floor! Seems like we bottomed, for now.
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    • Tue Mar 11th 10:38 AM | Rating: 0 0
      Commented on:
      Markets Look Set Up for an Ugly Fall
      Who cares what his headline is. Look at the technical analysis he did. It's very good. He's also right. What, do you think his choice of headlines is going to change the markets? It's just an analysis, and a damn good one at that. Silly bulls, the fundamentals aren't good right now. That's why the market sold off. Fundamentals change, of course, so you'll have your day. Take your frustration out on those who caused the financial crisis, like quants and their derivatives ponzi scheme that has brought our financial system to the brink, endangering the savings of even those who have nothing to do with the investment markets. You want to get angry, you want fundamentals - then write a letter to congress and make sure they allow the free market to fix their problem, and to get the heck out of the way. Now, there's a good reason to get your blood pressure up.
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    • Tue Mar 11th 06:44 AM | Rating: 0 0
      Commented on:
      Lost Decade for Stocks?
      And as for pinning down Usama Bin Laden, have a look at the map of Afghanistan some time. I think it's obvious that he Osama wasn't pinned down - he got away.
      View article »
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