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Is Dubai's Default a Black Swan Event?

And as 2nd issue:

To heck with them! Did any of those Arab countries help pay for the reconstuction of Iraq or Brunai when we got rid of Sadam for them!

Is Dubai's Default a Black Swan Event?

This is a just another example of how our collective short term trader/traitor mentality has infected the entire world now. Read the news: <<Fears of a potential sovereign default by Dubai roiled financial markets Thursday, sinking stocks across Asia and Europe and pushing up government bond prices, after Dubai said late Wednesday it would restructure Dubai World and announced a six-month standstill on repayments of the conglomerate's debt. See full story on the impact on financial markets.>>

POTENTIAL - RESTRUCTURE - STANDSTILL not default.

When we shipped all our bad paper over seas we also shipped our bad short term mentality and trading.

SO WHAT if a few rediculous malls in Dubai close up or a few of those ridiculous houses built on phony islands remain empty? That entire area was a waste of Arab oil dollars and should not be allowed to affect everyone else.

A Tale of Two Markets: Overvalued Stocks and the Declining Dollar

What deplorable commentary from many.

Let's all just short everything we can >>
close the borders >>
build bomb shelters >>
and just wait around for the nukes to hit >>
then you can cover those obnoxious short positions.

We could also turn our attention to viewing things on a longer term basis then the length of time it takes for our dinners to come out from the same end that these destruction trader/traitor theories come from.

Yeah I know - not what most of you want to hear, but the truth nonetheless!

Revised Tax Rules:

1. Capital gains under <6 months - 55% tax on capital gains
2. Capital gains 6 > 12 months - 45% tax on capital gains
3. Capital gains 1 > 2 years - 35% tax on capital gains
4. Capital gains 2 > 5 years - 18% tax on capital gains
5. Capital gains 5+ years - 5% tax on capital gain
6. Most critical of all — Institute a capital gains tax of 55% on ALL short sales not directly tied to a long buy by a licensed hedge fund.

Bank Dilution Looms for 2010

Maybe a know-nothing pundit dilution for 2010 would be more appropriate.

In Defense of Meredith Whitney

It's such a joke, but as you look over the so-called 'ratings' for each article it becomes obvious that the ones that seem a little positive on ourselves and our economy get more thumbs down; while those that are by obvious short-term traders/traitors that bash our Nation and economy get the most thumbs up.

I think that says it all about our trader/traitor Nation.

In Defense of Meredith Whitney

Her horrid anal_ysis and deplorable desire to be a CNBS media hog are reasons enough to say that this woman deserves no defense.
I am of the belief that much of what happened last year was an orchestrated short-sellers event sponsored by the likes of Paulson, Chanos, etc. through the coordinated use of so-called pundits like Whitless and Dr. Dumb.

When are going to see the truth about "The Shorting of America"?

Jamie Dimon Makes Best Case for Not Breaking Up Big Banks

It's amazing how just the other day that same Jamie article had the diametrically apposed interpretation. In either case, I feel my comment made to those prior articles still applies:

<<Jamie should learn to keep his fat mouth shut, imo! JPM was just one step away from going the same way that Lehman's and even Bear did. Last March no bank was safe and if we hadn't put an end to the insanity by eliminating M2M, among other things - well the so-called suspect rally would never have occurred and we all would be lighting campfires next to our tents in Squatter City!

The shorts that took us all to the brink last year saw no qualms about driving even the mighty JPM down to $15.00 - it would have gone lower if things in macro hadn't changed.

Jamie would better serve his share holders (of which I am one) by getting our damn dividend back, keeping his mouth shut, buying back stock, and going after the shorts that still destroy this stock almost everyday at 10:40am.>>

John Paulson's Hedge Fund Position Updates

He's a bottom feeder not an investor.

Too Big to Fail: The Real Choice

<<Jamie Dimon penned an op-ed piece for The Washington Post, arguing that the "term 'too big to fail' must be excised from our vocabulary," and that the industry should pay its fair share.>>

Jamie should learn to keep his fat mouth shut, imo! JPM was just one step away from going the same way that Lehman's and even Bear did. Last March no bank was safe and if we hadn't put an end to the insanity by eliminating M2M, among other things - well the so-called suspect rally would never have occurred and we all would be lighting campfires next to our tents in Squatter City!

The shorts that took us all to the brink last year saw no qualms about driving even the mighty JPM down to $15.00 - it would have gone lower if things in macro hadn't changed.

Jamie would better serve his share holders (of which I am one) by getting our damn dividend back, keeping his mouth shut, buying back stock, and going after the shorts that still destroy this stock almost everyday at 10:40am.

What's the Fair Value for the Dow Jones Industrial Average?

Unfortunately there are many who feel that the gambling we have allowed to prosper in our markets is a legitimate way of adding liquidity into the market. BULL--IT!!!! The ones that think that all that trading and market manipulation is good for companies and our Nation as a whole, can only be the ones that fight tooth and nail every time someone wants to limit their insanity. Some even claim it's 'trickle down' economics. Really should rename that to 'pissing away' economics!

Just go 2 comments above and you'll see the real insanity. TAX these short-term option traders/traitors up the ying-yang and maybe they'll stop.


On Nov 02 12:54 PM logicalman wrote:

> jim bob jones.....a lot have done exactly what you are saying, and
> most of them have lost their shirts....decide for yourself whether
> you are an INVESTOR or GAMBLER..if the former, do your homework and
> with an average iq. you will do well, if the latter, go to VEGAS,
> your chances will be much better there!!!

What's the Fair Value for the Dow Jones Industrial Average?

Thank you for proving my point!


On Nov 01 09:59 PM Jim Bob Jones wrote:

> So, let's all hold long term and give Wall street another chance
> to drain our piggy? I do'nt think so! Trade short term , follow the
> trend and protect your wealth unlike the so called knowledgeable
> banks and brokers.

CIT Group: Taxpayers' Investment Is Virtually Worthless

Thank you Goldman, Pimco, & Ichann.

What's the Fair Value for the Dow Jones Industrial Average?

<<So why would any reasonable investor want the government to have further sway in their financial well being?>>

Our government screws everything up, that is for sure. However, we must deter or even stop all this short term trading and the mentality behind it. It produces NOTHING and saps the financial strength out of our economy. Without regulating anything, except hopefully our behavior, decreasing tax rates to promote long term investing and vice versa - we can only think that it would help reduce the insanity. The IRS got Capone, let them go after the other traders/traitors.

On Nov 01 09:44 AM Walt17 wrote:

> I do not agree with that!
>
> Your suggestion implies that you want the government to control how
> we invest. Our government has not given me any reason to believe
> that letting them dictate my trading strategies would be to my best
> interest.
>
> Whether you’re a Republican or Democratic - What must end is the
> notion that government can make everything better. They have repeatedly
> demonstrated an inability to do that. So why would any reasonable
> investor want the government to have further sway in their financial
> well being?
>

Q4 Outlook: Real Life Stress Tests Begin

Those somewhat 'pre-arranged' bankruptcies appear more to be the process by which we now allow vultures to swoop in and devour the carcasses of what used to be viable companies. The fact that Carl Ichann is trying to pick the bones of CIT at the end is just proof of our collective ignorance and their collective greed. Where was he 10 months ago when Pimco and GS were placing the nails in CIT's coffin?
Has anyone given any thought to how all this REALLY started? Oh yeah, I forgot > some bad housing and loans - BS!

What's the Fair Value for the Dow Jones Industrial Average?

What happened this week is just another and perhaps best/final case into why we must stop this short-term option trader/traitor mentality & trading. I’ll be the first to admit that maybe the DOW and S&P have as some have complained, “Gone too far in too short a period of time!” Without going back to my original argument that they’re basing that moronic statement on a level we should have NEVER been at in the 1st place, let’s just say that maybe the markets have gone a little higher then maybe their actual worth is based on. As to whether the DOW or other indices are fairly valued, I give your opinion above worth noting.

For me I take a far longer view. We’ve taken out all the added fluff that they say was added with all that leverage since 2004, and actually we’re even back to 1999 levels. Fair? Doesn’t sound fair to me, but that’s what we allowed to be done.

Just look at this past week’s chart of JPM Chase.

finance.yahoo.com/echa...;range=5d;indicator=vo...

Monday and Tuesday were ok and non-events on no news. On Wednesday the entire market sold off at the open and never recovered. The news again was really a non-event, but some media pundits & traders/traitors brought back that ‘double deep’ crappola and fear spread throughout. Thursday reality set back in when GREAT GDP and just ok employment #’s came out.. the markets recovered, but those traders/traitors couldn’t let it go. CNBS had a parade of naysayer pundits on the show Friday morning and when basically so-so spending and income numbers came out at 8:30 am (These numbers were exactly as expected and should have been a non-event.) the short-term option traders/traitors had worked everybody up into a sell-off mode and things never looked back. 250 points down on the DOW and major levels breached. It was a pure disgrace. They tried to blame it on the dollar, on the consumer, on anything they could grab a hold of; but when it comes down to it, the sell-off was a well orchestrated, end-of-the-month options traders/traitors manipulated disaster.

You may ask, “Why should I care? I’m not in the market or I own mutual funds, why should this matter to me?” It matters because you may be one of those lucky people who still has a job, or one of those still trying to find one... all these swings and angst are not healthy. They make everyone so full of fear and uncertainty that no one can muster up the desire to spend, invest, invent, inspire, etc. And don’t make the mistake of thinking that CEO’s of big companies are any different. I told you before, you keep bashing someone over the head over and over; sooner or later they will break! This is especially true of small businesses, the major driver of employment in the U.S. Would YOU spend thousands or go into debt to start a new business if every 5-minutes someone else is telling you that everything will crash in the next 10-minutes? I don’t think so!

Whether you’re a Republican or Democratic, whether you’re a capitalist or socialist, whether you’re a ying or a yang; we MUST ALL start to agree upon ONE THING and that is this short-term mentality and trading MUST END!

STOP THE INSANITY NOW!

Revised Tax Rules:

1. Capital gains under <6 months - 55% tax on capital gains
2. Capital gains 6 > 12 months - 45% tax on capital gains
3. Capital gains 1 > 2 years - 35% tax on capital gains
4. Capital gains 2 > 5 years - 18% tax on capital gains
5. Capital gains 5+ years - 5% tax on capital gains
6. Most critical of all — Institute a capital gains tax of 55% on ALL short sales not directly tied to a long buy by a licensed hedge fund. I'm tired of paying for the pure shorts 3rd vacation home.