venividivici

Not Your Grandfather's Great Depression

No one has been more prescient nor as eloquent as Peter Schiff which means we should all be rather conerned about what the future holds. Whidbey you put it perfectly. Nasty medicine is simply not acceptable, just quick fixes and bandaids.

Wall Street Bankers: Rewarding Failure

These disgusting people will never take their snouts out of the pig trough because they are never punished in any sort of meaningful fashion for their misdeeds, just continuously rewarded.Why would they change?
Bush's latest pronouncement on the enduring advantages of American capitalism was breathtaking. How can there be a solution when you have this sort of mind boggling denial.

Why Are Investors Returning to the Dollar?

My answer to your heading, totally deranged.America is a totally insolvent nation that now relies on the money of Japan, China and Russia (?) to keep it afloat.
As for the rest of your article, I only want to say one thing, your first recommendation, Alcoa. When Stan O'Neal departed from Merrill Lynch with a $160 million golden parachute, he was snapped up to join the board of Alcoa. That's what I love about the great American plutocracy. They look after their own, no matter what.

Global Stock Markets: A Crazy Week

long long artice filled with facts and graphs aplenty. The simple fact is this, in America people who are supposed to be the creme de la creme do outrageous things, they get obscenely rewarded and when it all blows up in their faces, they get bailed out by the government ,for the common good of course. That's what is happening right now in the great American plutocracy. Sooner or later this Sodom and Gomorrah financial system is going to be flushed downs the toilet where it belongs.
The cartoon is about the only thing worth looking at. Imagine thinking that George W. Bush has the answer. If you believe that, you truly are doomed.

Have Investors Reached the Point of Maximum Pessimism?

How can you possibly know and why would you trust anything that Merrill Lynch has to say on any subject? They were just a day or two away from bankruptcy before being rescued. Clearly they didn't see any of this coming before it was way too late.

Buffett and the Limits to 'Awaiting Better Times'

I'd be more impressed if Buffet has told everyone to take profits when the market was around 14,000. He now admits that it was clearly overpriced then, a bit late.
Now I did very well in the market by taking big risks. In August last year I thought hell I don't need to push the envelope any more, I'll invest a bit in some safe shares that I can just forget about. Two week later the subprime disaster surfaced and my shares which had nothing to do with subprime rocketed down $50,000. I could see this coming and I thought I'm out of here. Now I looked at the value of those shares today and if I'd stayed the course I'd be $325,000 down on the deal. If you want to be a successful trader, you have to take profits when times are good because the good times never last. And you have to know when to fold up your tent and head for the hills. And you can't necessarily trust what a genius ( no sarcasm intended ) like Buffet says. He is simply talking up his book because no one in the world has more to gain by share prices rising than Buffet does.

Reality Bites As Stocks Continue To Collapse

oooo mole it is time to get with the program and stop talking about realities. Don't you understand, things are so bad it is time for all and sundry to take to the bilge pumps on the USS Titanic.

Switzerland Strengthens Its Banks; Short Interest Remains Low

Jessica you look slightly embarrassed and maybe I can understand why. Please explain to me why UBS deserves to survive? If there was any justice in the world they should be flushed down the toilet where they belong. I know Cramer is very conerned about them. WHY???? Is it because they have put so much effort into ensuring that rich people avoid as much tax as possible?????

Is Citigroup Laying Off Analysts?

Look I haven't even bothered to read this article, i have just read the heading. Anal ysts should be taken out and then be hung, drawn and quartered. And that will be be not the slightest loss to the financial world.They are just a bunch of pathetic cheerleaders, end of story. A lot of things have to change for this market to restore any credibility with the real world. The complete removal of anal ysts would be a start.

With Great Values Now In the Markets, the Glass Is Half Full

Bill my advice to you is stop talking about it and get in there and start drinking your home brew. Gee I hope it is not poisonous mate because I can not see the slightest reason to be positive mate and I have this sneaky suspiscion that neither do you.

1929 All Over Again?

Sad to say, but I think you may turn out to be dead right Avery. The greater the excess the greater the punishment. There's been outrageous excess and there's severe punishment acoming. But whether many of those principally responsible for this situation get to experience much punishment is another question entirely.

Should We Be Wary of the Dow's Big Gains?

Mmm a dead cat bounce of Great Depression proportions. Very impressive indeed.

Is JPMorgan Hiding Losses?

You know I see a lot of posts on this site claiming that this and that bank are great investments but how would anyone really know. They can manipulate the figures to come up with just about any result they want to with the active connivance of the regulatory authorities. Let's face it, their atitude is somehow we have to ensure that some these hopelessly insolvent organisations survive this disaster.
THis is a joke, "ask an accountant, what is two plus two. And their answer is this. It will vary between minus two and plus eight, depending on whether we are talking to the IRS, the client or his bank". The other answer is "what do you want it to be?"
This system does not have a shred of creditbility. End of story.

$250 Billion for Banks: Up in Smoke?

Great spotting Paul. Who knows, the L.A. Times may have got it prophetically correct albeit inadvertently.

Moody's Makes a Bad Situation Worse

Actually Tom Brown you are definitely one of my favourite villains in all of this. You have incessantly pumped financial stocks for the past year, claiming that things were not as bad as they seemed and any hapless souls who were silly enough to follow your hopelss advice would have gone broke many times over. And you are still at it. Don't you have any shame mate?
You remind me of a forest ranger carefully analysing the effect of various tree bugs on the health of the forest whilst failing to see that a raging inferno has burnt down most of the forest.