Did U Think The Ponzi Scheme Would Last?

Clayton Homes Offers Payment Protection Plan: Sign of Strength or Red Flag?

Wow, 3 whole months?

They can hide this in the home price. It is a pittance. Anyone buying a home here is catching the falling knife.

The 15 Most Cash Rich Companies

Go look at TM's debt and tell me it is a healthy company in a deflationary crash. TM will trade like GM soon. They did not earn their manufacturing capacity, they borrowed it from the bank. Debt will get harder and harder to come by as auto sales settle in at a fraction of what they did over the decade 1995-2005. Toyota is one of the best shorts out there because people don't understand how much crushing debt they have - over 120 billion worth - as we enter the jaws of the greatest economic bust in the history of man.

Only companies with low debt and high cash and which downsize aggressively early on are going to be well positioned for this crash.

Buffett May Not Have Sold Johnson & Johnson

Folks, why does everyone overlook the obvious? Buffett is getting killed in many stocks and so he needs to sell the ones that haven't gotten killed yet in order to keep his capital reserves where he needs them to be. Who knows what he is doing - could be playing with margin and getting a margin call. Sound ridiculous? Well, he is the one who said derivitives were weapons of financial mass destruction and then bought a boat load of derivitives.

Something is rotten in casa Buffett and it ain't the cheese.

Buffett's New Moats: NRG Energy, Nalco

Well it's about time for Buffet to get some new moats because his a$$ is sinking fast in the old ones.

Fast Money Recap - Has Buffett Lost His Touch? (11/25/08)

Buffet never invested through a depression. He thinks prosperity is unending and without bounds. He thinks we get a little glitch here and then off to the races again. I say the credit boom is now bust and it will not be coming back soon. I guess only one of us will end up being right but look for people to start making fun of Warren soon.

Berkshire Hathaway Down Nine Days in a Row

Don't know how to tell you guys but Berkshire is a classic mania chart and it has entered mania unwind mode. If you want to know what this looks like, go look at the POT or the BA charts or many others like them. It's all one market. It all floats on the same sea of fiat currency and, worse yet, credit based on a fractional reserve system that really should be called a fictional reserve system. The whole thing is getting a massive margin call just like Dow 1929-1933 or maybe the panic of 1873.

Yes, it's that bad.

Does It Pay To Follow Buffet Blindly?

Buffet has become a shill for the establishment. Did you see his pollyanna attitide in the econo-documentary IOUSA? The man simply doesn't give a crap about American citizens anymore. He is talking up the book of his elitist owners.

Financials: This Is What the Start of a Bottom Looks Like

You are catching a falling knife. The leveraged credit bubble is a problem beyond anything we have ever seen. The greedy abuses can not be waved away with a panic purchase of CFC (which was only done to avoid writing down the original 2bn loan) and some foreign gov'ts that are holding WAY too much of that depreciating asset known as the USD.

This isn't a buying opportunity at the end of a big bear market. At Dow 12600, we are still in the nosebleed levels for the index. There has been no big capitulation and investors are merely annoyed that the Dow is off its 14k highs. The talking heads are just STARTING to mention "recession". This isn't over until things get really bad and really ugly and everyone is clutching their gut in pain. The ECB dumped 1/2 trillion in liquidity into their system and it didn't make a dent in the freefall. This time I think we need to brace for impact.