John Pseudonym

Chasing Unicorns: The Cycle Gods Are Still Playing with Us Mere Mortals

900 point short covering rally; plain and simple.

Everyone short had a big profit on paper.

Some started to take that profit and drove up the market.

Others feared losing their profit so everyone panicked and exited their short positions; DOW shoots up 900...

Very dangerous situation here; not a time for "buy and hold".

If you're smart, nimble and quick to see the light is a train, then get in and make some money. If not, be happy with your 4% CD return.

The Next Bubble?

"The Next Bubble?"

How can you miss it; it's short term US Treasuries!

When that bubble bursts, interest rates will jump. Sending another crushing wave through the system.

What will burst that bubble?

1. Lack of confidence in the ability of the USA to pay it's debt; ouch!

or

2. All is well and we're back on our merry way to borrow/spend ourselves into prosperity.

I'm betting on #1...

The Devastating Week That Was

72% of our economy is "borrow and spend".

72% of economy has come to an end...

DOW come back to new highs...

Maybe when our children are our age...maybe...

Look What We've Had All Along: The Paulson Plan to Purchase Bank Equities

This is life support for the dead.

It's the end of the American Debt era. No longer will the world give us credit so we can go out and buy things we can't afford.

Not sure what this new world is going to look like, but I am sure that at the center will be the USA slaving away to pay back whatever it can to the nations that foolishly gave us way to much credit.

Global Coordinated Rate Cut: Nice Try, but the Party Is Over

"Michael Shedlock, in your opinion, the end of the world coming?

Get a life, you blithering idiot.."

Instead offering insults, how about some insights?

MS is surprisingly spot on and when I read his thoughts and combine them with others I trust for reasonable insight; I'm better prepared for the future.

Thanks to MS and others, I moved all of my 401K into much safer investments while the DOW was in the mid 13,000's.

The way I see it, "blithering idiots" like Michael have spared me a loss of about $165,000.

Thank you MS and others:)

Monday Outlook: Ascendant Fear

PS> Don't sell today! 10,000 is a very big psychological number. Just as we sliced through 11,000 a while back we shot back above it in short order.

The same will happen here; a big drop below 10,000 followed by a huge short profit taking rally. That rally is your last chance to get out before DOW 8000/9000.

Monday Outlook: Ascendant Fear

PS> Don't sell today! 10,000 is a very big psychological number. Just as we sliced through 11,000 a while back we shot about it in short order.

The same will happen here; a big drop below 10,000 followed by a huge short profit taking rally. That rally is your last chance to get out before DOW 8000/9000.

Monday Outlook: Ascendant Fear

This train cannot be stopped; get out of the way.

A bubble is forming is short term treasuries in the flight to safety.

That bubble will burst last sending interest rates souring just as everyone realizes they are broke; except those of us sitting on cash and hard assets as we will be the wealthy class of the future.

Monday Outlook: Ascendant Fear

GOTO CASH PEOPLE!

As the dollar gains strength in short run, use that strength to buy hard assets.

The end is coming for the dollar too, but for now use it's strength to your advantage.

36 Opportunities for the Beginning of the Bull

All better in March 2009?

You are way overly optimistic.

This will take much longer to correct itself and if the politicians keep trying to stop the decline and speed up the recovery we are all going to end up in soup lines.

Bailout 1.1 Passed. Will We Have to Go Back to the Well for v2.0?

Inflation came first this year. That whacked at the wealth of this nation and sent more of money oversees.

Now deflation is working it's magic to further decrease the wealth of this nation.

Finally, inflation will return and will be the final blow to the America sending it's once wealthy people into abject poverty.

Iceland: When Too Big to Fail Becomes Too Big to Rescue

If this "bail out" madness isn't stopped, the future of USA will be that of Iceland.

A $700 Billion Investment - Not Bailout

<B>"Furthermore, it is completely wrong to assume that the rescue plan will cost the quoted $700 billion. In fact, the government stands to make money on the deal."</B>

I have some land in Florida to sell you... It's a great investment, trust me, you'll make a killing on this deal...

If there's money to be made, then why not force who ever sells us their trash to buy it back at the same price they sold it for?

1. We buy it at a "reasonable" price.

2. We hold it for a max of 10 years.

3. The sellers must buy back 10% of what they sold (at the price we paid) for each of the next 10 years.

The banks should jump on a deal like that as they will make the money and not the taxpayer...

Interestingly, they want to sell to us and let the American people earn the profit...

What did PT Barnum say? There's a sucker...you know the rest...

Time to End Government Dickering Before It's Too Late

4. Pass a Wind-Fall Capital Gains Tax of 65% on ALL short sales retroactive to 01/01/08.

I'll vote for that IF you also institute a 65% Wind-Fall Capital Loss rebate.

If I go short and lose money, then I want 65% of my money back.

Now that's a plan I can support!

FDIC Insurance Limits: Eating My Humble Pie

If FDIC can't cover the losses at $100,000, then why not insure all losses with no limit?

Forget the FDIC, I'll cover any losses you may occur. After you lose your money, just shoot me an email and I'll cut you a check; problem solved.

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Anyone seen McCain? We need a Maverick to step and fight for us against this waste and corruption!

Oh, never mind, I found him. He's on TV telling the Congress to get it passed.

So much for reform...

Oh wait! Obama will save us!

Carp, he want to pass it too...

Welp, we're screwed!