johnthebear

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256 Comments

    • Fri Sep 26th 10:52 AM | Rating: 0 0
      Commented on:
      The 15-Point Plan to End the Credit Crisis
      Good thinking.

      I do not trust Paulson with the
      USA checkbook.

      I can see him bailing out all his friends and leaving the real problems waiting for another cash dump.

      After all, Goldman Sachs was a primary force in pushing for deregulation of banks in 1999 and that led to the demise of Freddie and Fannie. He and his firm made a killing on securitizing mortgages at a 40:1 ratio. They created money! Just like the Treasury and the FED.

      How can we expect him to have the public best interest at heart?

      Democrats Dodd and Barney Frank want to appear so innocent, but they are all the reason we have the problem.

      There has to be a better way and the House Republicans have found it, and must be given a chance to be heard.

      A temporary infusion of cash could be done, but not the full $700 billion without resolving the issue.

      Too many questions and not enough detail to suit me.

      I don't trust the plan and McCain is right in slow down the train before it wrecks.

      I would like to see the debate go as planned.

      Could help move the process forward.

      View article »
    • Fri Sep 26th 09:27 AM | Rating: 0 0
      Commented on:
      Bailout Fever: China Considering Exporter Bailout
      Exporters may get bailout, to keep them around for the upturn...whenever, but their stock prices will likely continue to slide.

      Looks like it is time for Wall Street to lighten up on their recommendations for China stocks, and FXI.
      View article »
    • Thu Sep 25th 15:14 PM | Rating: 0 0
      Commented on:
      China: A Run on the Bank of East Asia
      Mr. Pettis, I have admired your courage and honesty in reporting from China for several months as the World-Wide financial crisis evolves.

      I have invested in puts in FXI and in FXP using ProShares ETF.

      I wonder if you have looked at FXP as an investment which is 2:1 bet against FXI? If you have analyzed this investment, could you share your thoughts as to how well this mechanism is working and likely to work in the future as financial strains become more obvious.

      So far, the 2:1 ratio is working as advertised, but in view of the exchanges restrictions on shorting, I am wondering what might happen to this and other ProShares funds?

      I also own shares in SRS which is the 2:1 inverse of IYR. I have looked at the prospectus which was not available on line when I first invested in both funds. It is complicated and I don't understand them. Any help you could share would be appreciated. Thanks, John
      View article »
    • Wed Sep 24th 23:05 PM | Rating: 0 0
      Commented on:
      Commercial Real Estate Loans May Be Next Shoe to Drop
      It could happen
      View article »
    • Tue Sep 23rd 14:06 PM | Rating: 0 0
      Commented on:
      Commercial Real Estate Loans May Be Next Shoe to Drop
      Agree with you totally DaveW.

      I just pray that it continues to work in the future as in the past. I am looking for SRS going to $200 in the next 6 months.

      As the article reports, many smaller banks will fail with the large volume of commercial loans. There is simply not enough money available to allow buyers to get financing when buildings come on the market, which will happen all over as vacancy increases and foreclosures also increase. Those buildings will be sold at firesale prices!

      Looks like we are heading to caves, automatic weapons and canned food for survival! God help us!

      Thanks for the article.
      View article »
    • Tue Sep 23rd 13:48 PM | Rating: 0 0
      Commented on:
      Tuesday Outlook: Commodities, Emerging Markets
      Jim Bunning got it right:

      Paulson, you were CEO of Goldman Sachs from 1999 to 2006 yet you did not know the problems that were created by the CDO and securitization of dumb subprime mortgages and the lack of oversight!

      His comany was a leader in changing the law in 1999 during Clinton's term that allowed all this crap to happen! How can he claim such ignorance? Are we dumb enough to buy that line?

      The lowest quality mortgages were still being written all through Paulson's term.

      They have not talked at all about commercial mortgages. They will be marked to market, a cut of 25% or more in lost value. Talk about a huge loss. General Growth Properties REIT fell 25% yesterday because of inability to re-finance it's debt. I hear that McDonald's was denied new financing by Bank of America because of a shortage of capital!

      There are many properties that are mortgaged for $1 billion or more! Just think,

      700 properties at $1billion each would consume all the money Paulson is seeking!

      And now he would include credit cards and student loans!

      What in the world does he mean by transparency and oversight? Wait till he spends all $700 Billion taking care of his wall street friends before he informs congress of his strategy?

      Oversight should allow review and reports on a weekly basis to Congress, and with the opportunity for congress to disagree with his assessment of what to do. So far, I see no way for Congress to ever take a look at how he is doing!

      Looks like we are heading to caves, automatic weapons and canned food for survival! God help us!
      View article »
    • Fri Sep 19th 14:45 PM | Rating: 0 0
      Commented on:
      Options Trader: Thursday Outlook

      I wish there was a way to understand the mechanics of FXP/SRS, David Fry met with ProShares about a month ago and I asked him to check it out for me, but he has not responded with an answer that I am aware of. So far, it works as advertised.

      At least exchange traded funds such as we have are not affected by the new short sell rule on financial's.
      View article »
    • Fri Sep 19th 00:05 AM | Rating: 0 0
      Commented on:
      Options Trader: Thursday Outlook
      Wednesday, FXP is up $30. Next day, (Thursday) FXP is down $35 to $108

      So how will proposed rules on short selling affect FXI/FXP and IYR/SRS?

      Should I stop using Proshares anyone?
      View article »
    • Fri Sep 19th 00:01 AM | Rating: 0 0
      Commented on:
      Wednesday Outlook: Commodities, Emerging Markets
      Next day, (Thursday) FXP is down $35 to $108

      So how will proposed rules on short selling affect FXI and IYR?

      Should I stop using Proshares anyone?

      View article »
    • Thu Sep 18th 09:43 AM | Rating: 0 0
      Commented on:
      Hedge Funds Attack Britain's Biggest Mortgage Bank
      I would like to see your analysis of commercial real estate and projections for REITs in US and UK

      IYR/SRS

      Thanks
      View article »
    • Thu Sep 18th 00:05 AM | Rating: 0 0
      Commented on:
      Wednesday Outlook: Commodities, Emerging Markets
      FXP was up $30 per share today to $144 new all time high.

      FXI is on it's way to $20/share.

      Still no word on how they make it work. I love it, and hope it never breaks.
      View article »
    • Thu Sep 11th 13:23 PM | Rating: 0 0
      Commented on:
      Could Frannie Have Prevented the Housing Bubble?
      DID YOU KNOW THAT FANNIE AND FREDDIE GAVE $174,000,000 SINCE 1998 TO CONGRESS SO THEY WILL LOOK THE OTHER WAY?

      THEY (f&f) KNEW WHAT THEY WERE BUYING,

      THEY KNEW THE APPRAISALS WERE PHONY

      THEY KNEW THE BORROWERS WERE LIARS

      THEY KNEW THE BANKS GOT HUGE FEES

      TO MAKE BAD LOANS!

      THEY ALL HAD THEIR HAND IN THE PURSE.

      CONGRESS GOT IT'S PAYOFF AND THE

      AMERICAN PEOPLE ARE THE LOSERS.

      THE BEST DAYS OF OUR COUNTRY MAY BE BEHIND US BECAUSE THE LIBERALS REFUSED TO ALLOW US TO DRILL FOR OIL, REFUSED NUKES AND INSISTED ON DECLARING THE WAR LOST (HARRY REID) AND DID EVERYTHING THEY COULD TO LOSE THE WAR BY CUTTING FUNDING FOR THE WAR (J. KERRY), JUST LIKE THEY DID IN VIETNAM.
      WE HAD THAT WAR WON, BUT REFUSED TO WIN.

      LIBERALS ARE THE DOWNFALL OF AMERICAN.

      PLEASE PRAY THAT GOD WILL HELP US, BECAUSE NOT EVERYONE IS A GODLESS SINNER. WE ARE ALL BEING PUNISHED FOR LIBERALS SIN, AND THEY REFUSE TO REPENT!
      View article »
    • Thu Sep 11th 13:06 PM | Rating: 0 0
      Commented on:
      Some Inconvenient Truths About the McCain and Obama Tax Plans
      LIBERALS THINK THEY ARE G O D !

      THEY CAN SOLVE ALL PROBLEMS!

      THEY EVEN COMPARE THEMSELVES TO JESUS!


      FORTUNATELY THEY ARE GOING TO LOSE


      AND HOPEFULLY THEY WILL LOSE BOTH THE HOUSE AND SENATE


      SO WE CAN DRILL, DRILL, DRILL INCLUDING ALASKA


      OBAMA WAS NOT DISAPPOINTED WITH $4/GAL

      HE WAS ONLY DISAPPOINTED THAT IT HAPPENED BEFORE HE WAS PRESIDENT!


      OBAMA WANTS $5/GAL GAS TO SPUR CONSERVATION, (AIR IN TIRES ETC)


      OBAMA'S ONLY ANSWER TO OPEC OTHER THAN HIGHER TAXES
      View article »
    • Wed Sep 10th 15:14 PM | Rating: 0 0
      Commented on:
      Fannie and Freddie Reorganization Adds Volatility to REITS Stocks
      Thanks, good article.
      View article »
    • Wed Sep 10th 15:09 PM | Rating: 0 0
      Commented on:
      Bankrupt Banks Wiped Out by Tulip Backed Securities
      THE ONLY ANSWER IS TO FIRE CONGRESS,

      BOTH PARTIES.

      NEED TO BRING IN FRESH NEW BLOOD

      THAT WILL WORK FOR THE AMERICAN

      PEOPLE RATHER THAN POLITICAL SPECIAL

      INTEREST THAT MAKE THE IN-CROWD RICHER.


      I DO NOT AGREE THAT THE CHINA MARKET HAS SIGNIFICANT RESISTANCE AT 2,000. I THINK IT WILL GO EVEN LOWER, PERHAPS BACK TO 2004 LEVELS.

      DID YOU KNOW THAT FANNIE AND FREDDIE GAVE CONGRESS $174 MILLION DOLLARS TO LOOK THE OTHER WAY WHEN THEY WERE BUYING ALL THE PHONY SECURITIES BASED ON PHONY APPRAISALS AND LOAN DOCUMENTATION? THEY DESERVED TO FAIL. BUT THE AMERICAN PEOPLE DID NOT DESERVE THIS CRAP. CONGRESS HAS FAILED EVEN WORSE.

      WE NEED HUGE CHANGE.

      A COMPLETELY NEW CONGRESS AND PRESIDENT BEFORE OUR COUNTRY IS FORCED TO LIVE UNDER THE BOOT OF A MUSLIM/ARAB DICTATORSHIP OR CHINA/RUSSIAN INFLUENCE. WAKE UP AMERICA!

      View article »
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