green_cheeks

A First Look Inside the Fannie / Freddie Bailout Plan

The stock market is a zero sum game. Ethics and morality don't exist. The only emotion involved is greed. The only instinct is survival.
I will probably take a big hit tomorrow on my financial short position. But that is the price for playing this game.
Does anyone know why, despite the pre-trading hours starting at 8am EST, there are people that can put trades in earlier?

A First Look Inside the Fannie / Freddie Bailout Plan

I am confused on how America can keep propping itself. What exactly do we do for other countries? We borrow money from China so we can consume their goods and buy our houses... We use others money to buy vast amounts of oil... What do we offer in return? Why do companies keep borrowing money to us? We can't take every one on in a global fight. So what does the world fear in saying no?

A First Look Inside the Fannie / Freddie Bailout Plan

Would SKF (ultra-short financial) be a good play considering the diluted shares? Any views out there?

Fannie and Freddie: We All Support You!

What is a good short term bet on the Fannie Freddie news? UYG of SKF?

Rescuing Frannie

Well, Fannie and Freddie are worth around $30+ billion. If the shares are diluted by government intervention, then a ultrashort fund like SKF would be a great option. I personally am long in it right now. With rising unemployment and the need for government help, the financial sector still has some stormy water to tread before there can be a sane entry point. A lot of my acquaintances are suffering right now due to feeble employment opportunities. Who cares if our government gets involved? They can't wave a magic wand over a pile of dog sh*t and take the smell away with out losing even more face. Sort of like a gambler who has already lost most of their nest egg, what do they have to lose. I feel our "leaders" know more than us (which I imagine is obvious to most people) and are quite stressed about the direction. I think Bernanke is a good guy in shaky spot, Paulson strike me as a little creepy with his abundance of smiles in photo ops. Sort of like the smile of someone who doesn't care about the greater good as long as he gets his.
Fannie and Freddie will both be diluted to basically Zero and forgotten. Someone has to lose at some point. If they are theoretically bankrupt, why would they be worth anything to anyone? They are basically stocks with negative equity. Maybe we could just default on all the debts that we have accrued throughout the years. Then we could tear our homes down to the studs and ship the materials back to the source of origin. Or we maybe someone could invent a magical machine that creates oil from air, so we could replenish the foreign oil fields we deleted using other people's money.