Housed

Natural Gas Sold Out: Stage Set for Long-Term Price Doubling

This is the biggest top in commodities I have every seen, comments like "quick double" and "we have no more supply" are ubiquitous. We are inches away from the equity markets breaking down and the consumer is running thin, yet, hey let's rip a quick double out of natural gas while reserves are a record levels and temperatures have been mild.

Bear Stearns: Why It's Safe to Bet Against Joe Lewis

I have a hard time believing Joe Lewis is just going to roll over and give up on the deal. He is worth somewhere in the neighborhood of $5b and has lost $1b. At $2 - $6 per share it will cost him and his crew another $500mm to scoop up over 51% of the company. If you have read any history on this guy, he has basically made a fortune trading currencies. To me that means that he does not sit in front of a couple monitors and get long the euro or yen for a day, he is good buddies with Soros, these guys operate on a different level. There are several outcomes he can profit from by stepping in here. Additionally, this would be one the greatest shareholder victories in our lifetime. I mean, are you kidding me, the Fed says they won't back any other deal except the JPM/BSC deal.......we still live in America don't we? If you evaluated any BS of any big bank right now, they are all basically worthless, that is more than obvious.