twoshooters

Autozone: Lampert's Bad Investment Up 70% in 6 Months

Apparently, the credit markets disagree with your analysis regarding BRK. Its Credit Default Swap pricing hit a record price today, implying BRK debt is JUNK. The risk is not the potential destruction caused by writing the puts – rather, it’s the very real possibility that BRK loses its AAA rating thru a credit downgrade. Hero-worshiping is seldom profitable. With respect to AZO, dramatically increasing debt in the face of a credit bubble burst with rapidly accelerating deflation and depression is pure suicide, and it exactly the reason why AZO is becoming my largest short position. With interest rates bottoming and the government bailouts about to drive rates through the roof, AZO is about to seize, just like the cheap motors they sell.

The "No Amount of Bad News Can Bring This Market Down" Trades

“…In fact I can see a scenario now building where restaurants, retailers, and financials are LEADERS of the pack for 2nd quarter”

Actually, those were the leaders in the first quarter on a classic bear market bounce. The only “news” that’s you should watch for is the Fibonacci retracement to 38.2% and/or 50.0%. The rest is noise. The fact that your going long is the best signal yet that this bounce is done. And when the bounce is done, those 1Q bear market bounce leaders will be toast.

Dry Bulk Shippers: Good to Go

Yea, DryShip's future is so bright that it's investing substantial capital into an unrelated business, inwhich it has virtually no competitive advantage. Clearly, management must be really talented since it is an expert a multitude of industries. Hey, how about the new DryShip cell phone? Or their new line of Oceanwear clothes for teens. Come on, its part of the commodities bubble that is going to sink this barge of a company. biz.yahoo.com/ap/08042...