GKM

Dow Jones in Perspective

The chart needs the volume on there to gain perspective. That demonstrates the amount and size of the pain being felt yet people hold on based on clueless advice. Thanks to 401k accounts etc this time the pain will be more severe than at any other point in history.

If you didn't see the top coming and you're a financial advisor - you shouldn't be. The excuse that you can't time the market is issued by fools to keep their jobs.

Think of These as Short-Term Troubles

Good idea Jimmy. Short term troubles that lead to medium term troubles that lead to longer term troubles that are leading the government to mortgage you're grandchildren's future. But yeah you're right - you've got to start somewhere.

-777.7: Where Do We Go from Here?

We were going where we are the whole time - the bailout was just a cover for one more rally to sell into except that everyone knew it. We would have sold down to this level in any event - it was just a matter of time.

We actually aren't in uncharted waters. The market is where it has been 3 times before. The difference this time is that a bunch more stock has been distributed (as was the purpose of the previous 3 times) and people will likely think that this is a good buy once again. They will be wrong but who am I to stymie charitable contributions.

Looks like we should maybe get a 1 or 2 day pop here.

Could the Uptick Rule Save the U.S. from Financial Terrorism?

Shorts are taking out WB. Down 36%. What a joke.

Could the Uptick Rule Save the U.S. from Financial Terrorism?

Again with the misguided illusions. The uptick rule will at best (and I emphasize that) slow the descent of a stock marginally. It is those who are selling out of long positions you have to worry about. Look at WB this morning - it's down 28% and there's no short selling. So who the heck is selling?

This problem is people have been sold a bill of goods (again) about what stocks can do for their wealth and they are over owned, over priced, and distributed. No rule is going to prevent stocks from finding their appropriate level.

Rally Now, Wheels Come Off Later - Faber

TBT (hint it's an ETF).

Buffett Warned Us in 2003

mkreisel, writing 1300 puts when at 1200 makes a lot more sense than writing them at 1400. Wouldn't you agree that would be a better deal?

Thanks to the SA Editor for the link change over.

Buffett Warned Us in 2003

Trying the link again...

tinyurl.com/4cnxmk

[SA editor: sorry we can't accommodate long links, we have created a tinyurl for you.]

Buffett Warned Us in 2003

Don, I actually do. Here's my long term chart of the Dow. I think we're in about a 22 year bear and we've put in 8 so far so at the end of 14 years I expect we'll be much lower than where we are today.
http://...[see below]

Today we likely broke the long term trend line you see on that chart that was so critical to stay above.

Buffett Warned Us in 2003

All classic quotes from a couple smart guys. However, I still can't understand why Buffett wrote those puts on the S&P knowing that there was this kind of catastrophe waiting in the wings. If he is truly a genius, now would be the time to write those puts rather than having rode them down from earlier this year until now. If you have an answer, I'd appreciate it.

Fearfully Fascinating Financials: Is the U.S. Financial System Leaving the Building?

And by cash will be king you mean yen right?

6 Signs of a Range-Bound Market

Valid points but it looks like the range may be broken next week.

It's a Rally and It Feels So Good

I will be very interested to see how the T-bill auction goes Monday. The Fed is already flooding the market with t-bills throw its various TAF et al. facilities. Why would anyone buy t-bills when you can go out and buy cheap sub-prime debt and turn it into t-bills.

The rally scenario I cotton to is that the US has built up a steam of inflation and is about to release it upon the world with a strengthening dollar. It will feel good for a while but the hang over will be hell to pay.

Meredith Whitney Threatens Severe Deflation For Your Portfolio

Mr Davis, you add to your nonsensical article with a further nonsensical comment? You deride her viewpoint, in contradiction to the fact she has been correct thus far, while confirming that you are and continue to be short financials? You question the facts she cites while fabricating conspiracy theories in order to counter her conclusions?

This is a bad article and should be deleted by SA editors or held up as an example of what they don't want to see on their website. As for your paying subscribers, I hope they do receive word of this article and take it as fair warning of the type of insight they can expect to receive from you.

I think I speak for many readers on this site that we would appreciate you not posting on SA any more. If you happen to against this sincere request, then you should have the decency to provide disclosure at all times in the future (although I won't see it as this will be the last article of your's I will have read).

Meredith Whitney Threatens Severe Deflation For Your Portfolio

This is a pretty ignorant commentary. Can you truly make the conspiratorial case that Whitney, Oppenheimer/CIBC, GE, the Saudis, the Fed and whoever else are all in it to bring down the value of your stock portfolio? Don't forget your meds Mr. Davis.