dougnhi

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    • Thu Jul 3rd 08:49 AM | Rating: 0 0
      Commented on:
      Cleveland Cliffs Should Have Rallied, Not Plunged 17%
      CLF has been on an unsustainable speculative bubble ride for a long time. A major correction is well past due. In a global recession, where construction loans are failing at high rates, and cars/planes and everything else steel is no longer needed, how long before the bulls realize that the price is vaporware? Watch out below!
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    • Wed Jul 2nd 09:58 AM | Rating: 0 0
      Commented on:
      U.S. Markets: Just How Oversold Are We?
      more buy the dip mentality. At some point in the bear market, this mentality will fail completely, and folks who subscribe to it will be burned beyond recognition. Best advice for folks who can't afford to lose more money is to expect downside surprises and avoid this article's advice strategy completely. The reward potential is dwarfed by the risk and downside potential. Note that today's future's market rise vanished in an instant on a bad employment report. This is the expected behavior in bears....all rally attempts will fail and the downside trend will remain intact. Wait for capitulation before jumping in on the long side. Buyer's beware!
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    • Tue Jul 1st 10:29 AM | Rating: 0 0
      Commented on:
      Bill Gross To 'President' Obama: Double The Deficit
      This kind of article is irresponsible. Bill Gross, shame on you. Encouraging government debt to overcome excess credit expansion is just plain arrogant. We need fiscal responsibility and a dose of medicine in the form of a severe recession to reset people's bad habits. Americans are at their core hard working, good people. We've had a wild party for the last few years, and now it's time for the hangover. Suggesting that we fix the hangover by tying another one on is ludicrous. We'll get over the hangover and retrain/retrench for a new bull market, but first, we need to learn a few lessons about risk management. The sooner we get rid of "supposed" leaders such as yourself, exposing really aweful advice such as you suggest in this article, the sooner we can get back on the right track. This article should be disgusting to all readers who have a sense of integrity and responsibility. Don't you have a golf game to go to or party to attend? Haven't you wreaked enough havoc already?
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    • Tue Jul 1st 10:16 AM | Rating: 0 0
      Commented on:
      Dancing with the Bear Market
      This article is synonomous with "buy the dip" mentality. During bear markets, buy the dip mentality will fail, and lots of folks will go bust. The wisest folks will stay on the sidelines until the selling is clearly over and a new trend arises. For the truely adventurous, shorting the market could prove profitable. The question at this stage shouldn't be "when to buy", but rather when to stop shorting. It's much too early for the "when to buy" question. The credit crunch has much farther to go. As the old saying goes....if folks are asking if it's over, it's not nearly over. When folks give up on it entirely and are in despair, it's time to be backing up the truck. We have steep grades ahead..... buyers beware!
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    • Wed Jun 25th 08:15 AM | Rating: 0 0
      Commented on:
      Steel: The Top Is In
      steel's outrageous speculative climb will burst with amazing speed once it becomes clear that a global recession is in effect. Folks who have run up stocks like CLF will experience great pain on the way back down. Best advice is to take profits and exit.....you've been warned!
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    • Thu Jun 12th 00:07 AM | Rating: 0 0
      Commented on:
      US Dollar: 5 Reasons It Will Not Hit a New Low
      Ben's idiot predecessor may get the credit for the mortgage mess, but Ben must take full responsibility for the commodities bubble. He's giving out treasuries for crap mortgages and other toxic debts, and allowing it to be used to drive up inflation and commodities hedge trading. When the smoke clears, it will be Ben who will be found responsible for the biggest mess. Alan bought us a badly deserved recession that Ben made sure we were never going to see by giving us a delayed depression. Ben's the biggest idiot of them all. His legacy will be the worst. Good thing he's the "expert" on the depression...cause if he keeps up with the tricks, we'll see another one.
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    • Sun Jun 8th 03:38 AM | Rating: 0 0
      Commented on:
      Investors at Risk of Losing Everything
      Bernanke's games to shore up his friends in banking while trashing the dollar can't be undone by simple grandstanding and hollow words. Only fools will listen to his mouth move, when in the background, he's taking trash mortgages as collateral for treasuries, which are then used by investment banks to go long commodities futures, causing rampant inflation. The self proclaimed expert on the Depression is recreating the conditions for a new one in real-time. Is anyone awake and paying attention? People must demand that the financial games end, losses be taken, and markets be allowed to reset prices. Let's get on with a recession to clean up the mess, and then become healthy again. If Ben keeps pulling tricks out of his hat, we'll all end up in a world of hurt. Someone in a position of power must pull the plug on this guy and act (not talk) to defend the dollar, or our way of life will change dramatically for the worse. Ben is killing us with inflation, and his jawboning hasn't done anything but accellerate the inflation! People smell blood in the water, and unless we get rid of this guy and replace him (and Paulson for that matter) with responsible leaders, we're doomed to suffer a serious meltdown. It's not if, it's when. WAKE UP PEOPLE! Start complaining and acting to force a change in direction.
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    • Sat May 24th 11:14 AM | Rating: 0 0
      Commented on:
      Just What Was in Those Fed Minutes Anyway?
      The Fed will be forced to raise interest rates soon enough. It will have no choice. The amount of inflation being seen as a result of their pouring money into banks (and then they in turn feeding the speculators in the market), is a direct mainline for inflation. This is the end game. Now every dollar he bails out with, goes right to inflation. That's only a very short time perscription to a forced reversal to avoid even greater harm. Bernanke's legacy is doomed to go the way of Greenspan's if he doesn't figure this out and unwind. His cuts to save banking friends are only making matters worse. When the Bond and dollar holders finally give up, Helicopter ben will be forced to raise rates quickly. The idea that the economy is fine will be exposed for the farce that it is. Like it or not, even in the face of bad conditions, he will have to raise rates and let some banks fail. Anything else will only make the correction worse. Do we want an all out depression? Let's take some medicine and have the recession we need to clean up some of this wild speculative fever and return the markets to an investing mentality, and a little closer to a "free" market condition. Right now, we have a casino, with Helicopter Ben as the "house". It seems on the surface that he's helping, but a look behind the curtain shows that the house is robbing us all into national poverty.
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    • Sat May 24th 10:57 AM | Rating: 0 0
      Commented on:
      Conditions Of New Bull Market: 20% Or More Drop
      Couldn't agree wth David's comment more. This article seems to make an implicit (if not explicit) suggestion that there's reason to be bullish, when in fact, we've not yet begun the meltdown that will clear the market of the speculative and leveraged players. There's a hugh weight of losses yet to be accepted. Until a significant amount of the losses come out of the level 3 reporting chain, and become realized/written off, the market won't be able to get to the next bull phase. We seem to be allowing the Japanese style (pretend it doesn't exist and it will go away) of recession to gain a foothold, when we should be forcing banks to take lumps now so we can reset prices and get it over with. Helicopter Ben isn't doing anybody any favors with his pouring money into banks (who then pour it into commodities speculation...killing pretty much everyone). The financial games need to stop, the market must reset prices lower, and the losses must be taken. Until these happen, we won't be able to generate the confidence needed to start another bull run.
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    • Mon May 19th 21:08 PM | Rating: 0 0
      Commented on:
      Stock Market Moves into Critical Testing Zone
      Good synopsis. I would counter that lately, commodities and stocks have risen in unison. This is the hallmark of speculation, which can be readily seen in the VIX fear reading, and is evidenced further by the FED's changing of the game to remove all risk from speculation in the market. However, there's a non-zero probability that when oil corrects, the market will correct (or vis-versa). As soon as the animal spirits leave the scene, investors will discover that the FED wasn't as powerful as they thought, and that they're naked and nobody is buying. The clue will be institutional selling. Look for the bear market rally to end soon enough, and the next bear leg to prove that commodities and stocks can (and do) go down together in bear markets.
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    • Sun May 18th 02:34 AM | Rating: 0 0
      Commented on:
      Heeding Market Warnings
      This article is pure crap. To compare now, when stocks are just marginally off the all time highs, and the banking system is in total disarray, to spring of 2003, when the market had already run down a huge amount over the prior two years, is a fools game. You should go work for CNBC....they'll love you! Meanwhile, for everyone else, beware wolves in sheeps clothing like this author.....they've got a lot of overpriced stock to sell you and if you buy in, you'll only have yourselves to blame.
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    • Mon May 12th 15:42 PM | Rating: 0 0
      Commented on:
      Speculation: Stocks vs. Commodities
      While I agree that there is a need for fear to chase away speculators, I think the problem is actually more related to the Fed's trashing of the dollar. This game of devaluing the currency over and over through constant market intervention and interest rate cuts has only emboldened speculators to make bigger bets on inflation. They have a valid point to make (just as bond vigilantees did during the Clinton era). The Fed can't continue to trash the dollar and not expect all commodities to hyperinflate. Paulson and Bernanke have played a very dangerous game and it appears that they're losing. The sad part of what they're doing is that real people are being hurt by the false priorities of saving bankers and the market. Well, that's not the way the commodities folks see it. By monetizing all bad debts, backstopping the entire financial system, and feeding huge sums of dollars overseas to foreign governments, it's our government (Fed+treasury) that have caused the core problem. Personally, I think speculators are only the symptom. Introducing an element of fear is good, but much more important is a change of course and leadership in the Fed and treasury. We need more responsible leaders in these institutions. Bernanke and Paulson (and for that matter, all the Goldman Sacks expats who enhabit the central banking system around the world) must be flushed out and replaced by Volker types...if not, they'll just inflate till they die (or we have a monster depression).
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    • Wed May 7th 17:38 PM | Rating: 0 0
      Commented on:
      The Dollar and Asia: Time for a Reversal?
      If the dollar bounces, it will not be because of any help from Helicopter Ben. Until the FED stops intentionally trashing the currency, the hope for the dollar is limited at best. If we want to defend the dollar, we should start by firing Bernanke. Hopefully, the bond market will start sending messages that will force this idiot to correct his ways and defend the dollar. That will put a dent in this outrageous inflation and commodities speculation we've been seeing. Personally, I can't see Helicopter Ben *ever* doing the right thing....he'll inflate until someone forceably removes him. Let's hope the next president (whoever that turns out to be) starts cleaning up the mess by throwing this bum out. Maybe then inflation and our dollar will begin to turn around.
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    • Wed May 7th 17:28 PM | Rating: 0 0
      Commented on:
      Jump in Merrill’s Level III Assets Points to Continued Risk
      These companies are insolvent. Everyone knows this, and Bernanke isn't really fooling anyone by all the games and tricks to allow hiding this information. In any other corporate setting, this would be criminal and people would go to jail. Funny, when you're a banker with friends in high places, the rules that apply to everyone else don't apply to you. The last laugh will be on those who have been buying into this sucker rally in financials....Wave 3 is just around the corner. My hope is that the speculators will get the lesson they desperately need so that moral hazard can be put back in the bottle and we can get back to something resembling a "fair" market; not one that's dominated by manipulation and outright fraud. If Bernanke thinks he's a "depression" genius, I retort that look at how the world now views Greenspan (contempt). Bernanke will fare even worse after this whole alphabet soup mess he's created to monetize the bad bank debts and debauch the dollar. Is he kidding? Oil's at $122, and all commodities smell INFLATION! This guy's got to go.
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    • Tue Apr 1st 19:51 PM | Rating: 0 0
      Commented on:
      The (Abandoned) Uptick Rule and Blaming the Shorts
      Short sellers have *no* advantage as compared to the manipulation of the Fed. Nobody ever complains about 400pt days up, but the system is deemed to be at "systemic risk" if we have a 200pt day down! I agree that naked shorting should be outlawed, but along with that should be limits on margin trading, and requirements for mark-to-market for everyone. No special rules for big players. Nobody should be leveraged 30+ to 1, and no investment bank should perceive a tax payer backstop for wild speculation. Put a little fear of risk back, and allow failure. That, and limits on leverage would go a huge distance towards calming volitility.
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