Nassim Taleb, on a panel with IMF Deputy Managing Director Takatoshi Kato, loses his cool: "Before the discussion he gave us a PowerPoint lecture showing the IMF projections for 2010, 2011, ..., 2014. I could not control myself and got into a state of rage. I told the audience that the next time someone from the IMF shows you projections for some dates in the future, to show us what they PROJECTED for 2008 and 2009 in 2004, 2005, ..., and 2007." [View news story]
In your dreams: AIG exec to Senators: resign or commit suicide. "In all candor, I don't know why they're so exercised by some bonuses. These pathetic excuses for politicians cost the taxpayers trillions of dollars and, worst of all, they're still in power." [View news story]
AIG is going under, Bear Stearns, Lehman & Goldman Sachs will follow shortly
Santelli's Rant: A Watershed Moment? [View article]
How dare RS rant and rave, when his boy Myron Sholes and Long Term Capital started us on this path. Wake-up people, everyone is talking about everything but the 800lb Gorilla = CDS which allowed the death spiral shorting.
Until we fix the CDS problem there will be NO END.
Even Rubin Couldn't Outmaneuver Risk [View article]
I totally agree with you. Advised investors to go to cash, but the influence of CNBC that it was a great time to buy, won out. Now they ask why wasn't I more forceful in getting them out. KISS does work.
Due to the over leverage in the system, the markets where like an overinflated balloon, which was popped. This may take a long time to form a new uptrend.
maybe the reason the sheep are behind the curve is because they are watching CNBC. Their anchors are always looking for the silver lining, Erin said C would never cut their div.
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Latest | Highest ratedNassim Taleb, on a panel with IMF Deputy Managing Director Takatoshi Kato, loses his cool: "Before the discussion he gave us a PowerPoint lecture showing the IMF projections for 2010, 2011, ..., 2014. I could not control myself and got into a state of rage. I told the audience that the next time someone from the IMF shows you projections for some dates in the future, to show us what they PROJECTED for 2008 and 2009 in 2004, 2005, ..., and 2007." [View news story]
In your dreams: AIG exec to Senators: resign or commit suicide. "In all candor, I don't know why they're so exercised by some bonuses. These pathetic excuses for politicians cost the taxpayers trillions of dollars and, worst of all, they're still in power." [View news story]
CDS and the Looting of AIG [View article]
Santelli's Rant: A Watershed Moment? [View article]
Until we fix the CDS problem there will be NO END.
How the World Almost Came to an End on September 18, 2008 [View article]
Tech vs. Credit Bubble Bursts [View article]
Monday Options Update: C, TIF & EYE [View article]
Indicator Update for January 12 [View article]
Strategists' 2009 S&P 500 Price Targets [View article]
S&P 500 Breaks Out of Downtrend [View article]
Even Rubin Couldn't Outmaneuver Risk [View article]
What Would Lou Do? [View article]
Have Investors Reached the Point of Maximum Pessimism? [View article]
Dow 10,000: Does Anybody Care? [View article]
Short Sellers and Constellation Energy [View article]