Voice of Reason

How to Handle a Snap-Back Rally (If We Get One)

You know the saying when the Fat Lady sings? Well somebody threw her under the bus. Didn't hurt her, but the bus will never be the same. Its Christmas in October. I'm going shopping for bargains and sent my Etrade account 50K this afternoon. Hint: When there's blood in the street the smart money almost always makes a killing.

Foreclosures Prove Loan Modification Isn't Working

Another chicken little the sky in falling fairytale. The author is also fast and lose with his "facts" Saying "recession deepens" when we're not even officially in a recession at all yet is proof this guy is just another fear monger. I wonder what his motative is. Actaully I can make an educated guess.

Assessing the Odds of Another Rate Cut

The operative word is "yet" I agree probably can't expect the Feds to lower rates more than once more if at all, but you got to give time to all the rate cuts they've made have time to take effect.

The mortgage problem? Simple fix, The feds can buy about half a trillion of so-called "bad" paper and work it off over the next 30 years. Why not, the Bushies blew almost a trillion on a totally unnecessary Iraq war didn't they. What did doing that buy the taxpayer?

Friday Outlook: Bulls in Charge?

Chart readers are like fortune tellers. They tell you want you want to hear and only point out "trends" AFTER they have happened.

In times like this go to a larger pet store and buy yourself a chimp. Take him home and train him to pick names out of a hat. Write down 100 names, 50 you want to buy, 50 you want to sell. Each morning have your chimp give you his advice by having him pick selection. Hell, you could do worse like listening to those moronic talking heads on CNBC or Bloomberg Financial.

Wall Street Breakfast: Must-Know News

There are way too many 'the sky is falling' worrywarts in the market right now that don't have a clue how the "game" is played.

Take GE for example. Awhile ago I was watching some bubble headed blond bimbo "analyst" on CNBC having a hissy fit on air over GE calling their creditability into question.

Earth to all analysits... When a company "misses" all that really means is YOU fools got YOUR estimates wrong. I still can't figure out why so many get their shorts all bunched up over pennies quater by quater. INVESTING not moronic trading short term trading... is best judged over multiple quarters or years even.

Oh, by the way I just doubled my positoin on GE. Thanks to be dummies for the bargain basment price. GE rarely takes such a big hit. LOL!

Wall Street Breakfast: Must-Know News

I guess you have no idea what Chapter 13 means and doesn't mean.

Meredith Whitney Threatens Severe Deflation For Your Portfolio

Ben Stein should stick to doing what he's good at... hosting moronic seedy tv game shows on Comedy Central and making a horse's a** of himself. Oh wait... they canceled that show years ago so the doofus mad some really bad tv commericals when not giving useless financial advice. en.wikipedia.org/wiki/...

Meredith Whitney Threatens Severe Deflation For Your Portfolio

Simple question... WHY does or should anyone take anything any so-called analyst says about anything seriously? I have more faith in some fortune teller reading tea leaves or just rolling the dice.

The FACT is most "analyists" are all over the map and wrong just as often as they're right. Its a never ending snow job. In other words; BS. Nothing but pure BS and the rubes eat it up.

Where were all the "experts" nine months ago forcasting the serriousness of the subprime mess? What "analyst" back then foretold of Countrywide, National City, Thornburg or Bears? None of them, that's who.

Here's my free forcast for financial stocks:

We are already at or near a bottom and will bump along the bottom for a few more months, maybe to Labor Day or so. Then with little warning some event will trigger a major bull run where many of the financial stocks will gain back at least 20% in the ensuing six weeks or so, some as much as 50% by year end or no later than 1 QT of 09.

Since it is an election year the feds will "buy" a big chunk of the subprime paper or do something similar to reverse course. As usual most people will miss the early stages of the rally and get caught with their pants around their ankles. As ususal several fat cats will make a killing, Joe Average won't. Always happens. This cycle has repeated for over 200 years in every kind of market condition. Dumb people panic and sell low. Smart people know when to BUY low. The concept its so damn simple and often repeated yet few actaully follow it. How dumb is that?

Meredith Whitney Threatens Severe Deflation For Your Portfolio

At the risk of sounding a tad bid outspoken, Whitney is to financial markets what Ann Coulter is to politics... just another blond bimbo that doesn't have a clue what she talking about but LOVES... makes that CRAVES the attention she gets by running her mouth. Sorry, but I detest just blowhards.