TraderGreg

27 Comments

    • ON: Sun Oct 12th 17:11 PM
      Commented on:
      The Crash of 2008
      I actually agree. I exited my shorts on Thursday. It is very likely, that we have reached an intermediate bottom, and we will see a wave up, which could be two days or two months - who knew.

      In the longer term, it is my opinion, that we are only half way through the bear market. This is what it feels to me - a rebound, half way through this adjustments.

      We baby boomers, need to deflate assets before we retire, so the next generation can live their American dream....
      View article »
    • ON: Thu Oct 2nd 10:48 AM
      Commented on:
      The U.S. Economy After the Bailout
      For these toxic assets - 10 cents on the dollar - MAX !!!! They should have it in this ousy legislation. Look at the Merill lynch deal - they figured it out right.
      View article »
    • ON: Thu Oct 2nd 00:10 AM
      Commented on:
      Talk Me Down From the Wells Fargo Ledge
      WFC is a very good bank. It is also very good short from here - if you only could do it. Very little room to the upside, a lot of room to the downside. Yeah - their HELOC situation is scary.
      View article »
    • ON: Wed Oct 1st 22:41 PM
      Commented on:
      Don't Get Sanguine About This Bill
      Today, you f___d us, We will f--k you on Nov 4th. Sorry for the French here.
      View article »
    • ON: Tue Sep 30th 00:41 AM
      Commented on:
      Moving the Deck Chairs on the Economic Titanic
      The motto of our 'geniuses' in Washington is: 'If you don't like the problem we created, wait until you see our solution'.

      Don't trash Paul K. He obviously is affiliated with the Democrats, but he writes nice articles. Even if you disagree with him, it is a good and intelligent opposing point of view.
      I am not fan of Dems, but we need civility in discussion, and Paul has it.

      Cheers
      View article »
    • ON: Sun Sep 28th 18:16 PM
      Commented on:
      The Deal's Getting Done, But Will It Work?
      Yes it is. Maybe I missed the point here. Gabe rocks!
      View article »
    • ON: Sun Sep 28th 18:09 PM
      Commented on:
      The Deal's Getting Done, But Will It Work?
      This guy Gabe, is probably paid apparatchik, paid to propagate the goverment propaganda in this forum. Gabe - go fishing, or birdwatching. Enjoy your weekend. Your boss still likes you.
      View article »
    • ON: Sun Sep 28th 15:37 PM
      Commented on:
      Wells Fargo: A Growth Stock During the Great Depression?
      They will have to show the defaults for Q3. They did very good job hiding it, but the game is over. Let's see the numbers first. So far, I feel like they are cheating the investors.
      View article »
    • ON: Sun Sep 28th 15:14 PM
      Commented on:
      The Deal's Getting Done, But Will It Work?
      Peter Lynch wrote:
      Folks, we have a 5-alarm fire going on right now in our financial system. Let's try to put the fire out first before we start blaming the builder for not putting in a sprinkler system 10-15 years ago.

      Peter - as much as I respect you, you missing one very important point. This is turning point, end of very important cycle. The public is fed up with constant bailouts. NO MORE BAILOUTS. It is going to hurt a lot, but we need this fire, and these these 'risk blind' morons to burn and collapse.
      That's what the Taxpayer is saying. Let it burn, and let it collapse - as a great episode to be remembered, and taught in business schools for generations.

      Peter - there are banks in USA, that were well managed. Take for example the US Bancorp. These banks will need to survive. The idea of creating new banks, or capitalizing well managed regional banks, is a great one.

      The only people in this land, that want the bailout, are the Wall Street investment banks that screwed up, and the crack addicts (addicted to leveraged capital), like Bill Gross or Warren Buffet (he is up here in derivatives).

      The era ended. Let it burn. Let it hurt. It is time to figure it out. You are one of the greatest investors in this country, but you are missing the important point here.
      View article »
    • ON: Sat Sep 27th 20:46 PM
      Commented on:
      It Could Happen - Cramer's Mad Money (9/26/08)
      Take Cramer off the air. He's embarrassment to the investing community.
      View article »
    • ON: Sat Sep 27th 20:44 PM
      Commented on:
      It Could Happen - Cramer's Mad Money (9/26/08)
      The problem is much, much bigger than the $700B bailout. This is throwing good money after bad money - and totally useless. Recessions are good - they kill moronic businesses, and make room for the new generation of smarter people. The innovation process will continue, but only after the Wall Street morons are R.I.P.
      View article »
    • ON: Sat Sep 27th 14:21 PM
      Commented on:
      McCain's Economics
      We need to have competent politicos in DC. What we need is the certification of politicians, just make sure they meet certain criteria to handle our money.

      Level 1 Politician: SAT score 1800. IQ 130. University
      degree. Can be certified to do municipal politics only.
      Level 2 Politician: Level 1 Politician, plus: SAT score 2,000. IQ 140. Master Degree. Can work in the State Assembly.
      Level 3 Politician: Level 2, plus: SAT score 2,100 or Ph.D
      IQ 150+. can work in Congress or Senate. Hey -
      can even be our President.

      How many current Politicos would certify? I do not see many....
      View article »
    • ON: Sat Sep 27th 04:36 AM
      Commented on:
      Entering the Endgame for Monetary Policy
      Gabe - who's paying you for your efforts here: Hank or Ben?
      View article »
    • ON: Thu Sep 25th 23:45 PM
      Commented on:
      Another Day Without Precedent
      I wish it were that as simple as cutting the rate. At first blush, it reads like a probable course of action for Fed. However, they lowered it from 5.25% to 2%, while the credit froze. So it didn't help much.

      Banks are like the Titanic survivor floating on the ice cold water. They are freezing, and some will go underwater soon, while the Leaders keep talking that the economy is sound....
      View article »
    • ON: Wed Sep 24th 00:21 AM
      Commented on:
      Making and Protecting Money in a Bear Market
      I heard that ProShares use futures. They do not short.
      View article »
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