Fish Gone Bad's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/192252/comments http://seekingalpha.com/article/130597-the-imminent-equity-implosion?source=feed#comment-461846 461846 Mon, 13 Apr 2009 15:05:31 -0400 http://seekingalpha.com/article/127775-putting-the-stock-rally-in-context?source=feed#comment-441852 441852
This is from: www.marketoracle.co.uk... -
In his speech Geithner admitted that, "In our financial system, 40 percent of consumer lending has historically been available because people buy loans, put them together and sell them. Because this vital source of lending has frozen up, no plan will be successful unless it helps restart securitization markets for sound loans made to consumers and businesses -- large and small.”

40 percent! Think about that. Nearly half the credit pumped into the economy comes from securitization.

In other words, the banks ARE lending; it's just that Wall Street's credit-generating mechanism is kaput. That's why the fall-off in auto sales, consumer spending and foreign trade has been so dramatic, unlike anything anyone has ever seen before. Wall Street's credit model is broken.

Most of the bad paper and non-performing loans appear to be concentrated in the very largest banks. By some estimates Citigroup, Bank of America, JP Morgan-Chase and Wells Fargo are holding two-thirds of all the toxic mortgage-backed paper.
]]> Fri, 27 Mar 2009 00:40:46 -0400
This is from: www.marketoracle.co.uk... -
In his speech Geithner admitted that, "In our financial system, 40 percent of consumer lending has historically been available because people buy loans, put them together and sell them. Because this vital source of lending has frozen up, no plan will be successful unless it helps restart securitization markets for sound loans made to consumers and businesses -- large and small.”

40 percent! Think about that. Nearly half the credit pumped into the economy comes from securitization.

In other words, the banks ARE lending; it's just that Wall Street's credit-generating mechanism is kaput. That's why the fall-off in auto sales, consumer spending and foreign trade has been so dramatic, unlike anything anyone has ever seen before. Wall Street's credit model is broken.

Most of the bad paper and non-performing loans appear to be concentrated in the very largest banks. By some estimates Citigroup, Bank of America, JP Morgan-Chase and Wells Fargo are holding two-thirds of all the toxic mortgage-backed paper.
]]> http://seekingalpha.com/article/126765-leveraged-etfs-is-tracking-error-really-so-troublesome?source=feed#comment-434201 434201 3X Bull:
ERX - DIREXION SHS ETF TR ENERGY BULL 3X
FAS - DIREXION SHS ETF TR FINL BULL 3X
BGU - DIREXION SHS ETF TR LARGE CAP BULL
TNA - DIREXION SHS ETF TR SM CAP BULL 3X
...
3x Bear:
ERY - DIREXION SHS ETF TR ENERGY BEAR 3X
FAZ - DIREXION SHS ETF TR FINL BEAR 3X
BGZ - DIREXION SHS ETF TR LARGE CAP BEAR
TZA - DIREXION SHS ETF TR SM CAP BEAR 3X
...
You got the bull/bear turned around. You can find descriptions here: www.direxionfunds.com
]]> Fri, 20 Mar 2009 21:51:35 -0400 3X Bull:
ERX - DIREXION SHS ETF TR ENERGY BULL 3X
FAS - DIREXION SHS ETF TR FINL BULL 3X
BGU - DIREXION SHS ETF TR LARGE CAP BULL
TNA - DIREXION SHS ETF TR SM CAP BULL 3X
...
3x Bear:
ERY - DIREXION SHS ETF TR ENERGY BEAR 3X
FAZ - DIREXION SHS ETF TR FINL BEAR 3X
BGZ - DIREXION SHS ETF TR LARGE CAP BEAR
TZA - DIREXION SHS ETF TR SM CAP BEAR 3X
...
You got the bull/bear turned around. You can find descriptions here: www.direxionfunds.com
]]> http://seekingalpha.com/article/125203-list-of-troubled-companies-keeps-growing?source=feed#comment-423069 423069 Thu, 12 Mar 2009 10:16:33 -0400 http://seekingalpha.com/article/123551-five-reasons-citi-s-worth-the-long-risk?source=feed#comment-409282 409282 Mon, 02 Mar 2009 10:12:52 -0500 http://seekingalpha.com/article/123425-citigroup-the-death-of-buy-and-hold-investing?source=feed#comment-408693 408693
I absolutely detest Citi, BofA, and AIG. Time and time again we see BofA get hammered to a new low and then rally back almost to where it was. Perhaps that might happen with Citi as well and it will rally back close to $3.00.

]]> Sun, 01 Mar 2009 22:55:47 -0500
I absolutely detest Citi, BofA, and AIG. Time and time again we see BofA get hammered to a new low and then rally back almost to where it was. Perhaps that might happen with Citi as well and it will rally back close to $3.00.

]]> http://seekingalpha.com/article/123133-fdic-troubled-bank-list-up-to-252?source=feed#comment-406490 406490 www.thestreet.com/scre...

Clark Jenkins
FishGoneBad.com]]> Fri, 27 Feb 2009 17:35:57 -0500 www.thestreet.com/scre...

Clark Jenkins
FishGoneBad.com]]> http://seekingalpha.com/article/121904-bill-ackman-s-bright-ideas?source=feed#comment-400866 400866 Mon, 23 Feb 2009 23:19:26 -0500 http://seekingalpha.com/article/121680-your-oil-stocks-aren-t-coming-back?source=feed#comment-398990 398990
Clark Jenkins
FishGoneBad.com]]> Sun, 22 Feb 2009 15:27:53 -0500
Clark Jenkins
FishGoneBad.com]]> http://seekingalpha.com/article/121959-are-we-still-in-a-new-bull-market?source=feed#comment-398960 398960
The banking sector got electrocuted on September 15, 2008 and it is just waiting to die. Don't believe me? Here is what Rep. Paul Kanjorski of Pennsylvania had to say: www.marketoracle.co.uk...

To put this date into context, this is when Lehman Brothers went bankrupt.

Clark Jenkins
FishGoneBad.com

]]> Sun, 22 Feb 2009 15:07:44 -0500
The banking sector got electrocuted on September 15, 2008 and it is just waiting to die. Don't believe me? Here is what Rep. Paul Kanjorski of Pennsylvania had to say: www.marketoracle.co.uk...

To put this date into context, this is when Lehman Brothers went bankrupt.

Clark Jenkins
FishGoneBad.com

]]> http://seekingalpha.com/article/121946-what-now?source=feed#comment-398947 398947 www.marketoracle.co.uk...

To put this date into context, this is when Lehman Brothers went bankrupt.

Clark Jenkins
FishGoneBad.com

]]> Sun, 22 Feb 2009 14:55:06 -0500 www.marketoracle.co.uk...

To put this date into context, this is when Lehman Brothers went bankrupt.

Clark Jenkins
FishGoneBad.com

]]> http://seekingalpha.com/article/121694-eight-reasons-bank-of-america-is-going-to-20?source=feed#comment-397442 397442
BAC is insolvent. It ate 2 really big tape worms, Merrill Lynch and Countrywide. Does anyone remember a tool named Richard Bove? He was praising BAC a week or two ago. That is the exact same Richard Bove who hyped Lehman Brothers every single day before they imploded. He is personally responsible for luring people into an unsafe investment.

For those who want a better idea of zombie banks, check out this article:
www.marketoracle.co.uk...

]]> Sat, 21 Feb 2009 02:52:08 -0500
BAC is insolvent. It ate 2 really big tape worms, Merrill Lynch and Countrywide. Does anyone remember a tool named Richard Bove? He was praising BAC a week or two ago. That is the exact same Richard Bove who hyped Lehman Brothers every single day before they imploded. He is personally responsible for luring people into an unsafe investment.

For those who want a better idea of zombie banks, check out this article:
www.marketoracle.co.uk...

]]> http://seekingalpha.com/article/113660-the-doo-doo-32-receipt-of-the-tarp?source=feed#comment-349624 349624 Thu, 08 Jan 2009 10:29:48 -0500 http://seekingalpha.com/article/112902-the-lending-lunacy-continues-as-gmac-gives-out-more-bad-loans?source=feed#comment-343579 343579
Eternitus' comment is great -"Lots of people with credit scores in the 600s want loans. Most of that group (unfortunately) is not exceptionally good at paying the loans back."

]]> Thu, 01 Jan 2009 14:52:46 -0500
Eternitus' comment is great -"Lots of people with credit scores in the 600s want loans. Most of that group (unfortunately) is not exceptionally good at paying the loans back."

]]> http://seekingalpha.com/article/112658-another-big-bank-failure-more-likely-than-not-to-occur?source=feed#comment-343473 343473 Thank you once again for the time and effort you put in, trying to actually help people become better investors.

The sad truth is that things are going into the toilet (seekingalpha.com/artic...). As more and more people lose their homes, they sell whatever they can. People cut back where ever they can. They sell cars, homes, liquidate their IRA's and 401K's, and even pile on credit card debt. Perhaps it is because these impending defaults are so horrific that people refuse to believe them. An environment of "stuff blowing up" is not healthy for banks, brokerages, or people's livelihoods.

Right now there is a great deal of volatility and plenty of money to be made on either side of being long or short.

Clark Jenkins
FishGoneBad.com

]]> Thu, 01 Jan 2009 13:01:14 -0500 Thank you once again for the time and effort you put in, trying to actually help people become better investors.

The sad truth is that things are going into the toilet (seekingalpha.com/artic...). As more and more people lose their homes, they sell whatever they can. People cut back where ever they can. They sell cars, homes, liquidate their IRA's and 401K's, and even pile on credit card debt. Perhaps it is because these impending defaults are so horrific that people refuse to believe them. An environment of "stuff blowing up" is not healthy for banks, brokerages, or people's livelihoods.

Right now there is a great deal of volatility and plenty of money to be made on either side of being long or short.

Clark Jenkins
FishGoneBad.com

]]> http://seekingalpha.com/article/112362-market-calls-i-got-right-and-wrong-in-2008?source=feed#comment-339963 339963
There is a time to own, and a time to not own most things. It is very important to have a plan BEFORE you make a stock purchase. This takes a lot of the emotion out of the transaction.

Clark Jenkins
FishGoneBad.com]]> Sun, 28 Dec 2008 17:36:41 -0500
There is a time to own, and a time to not own most things. It is very important to have a plan BEFORE you make a stock purchase. This takes a lot of the emotion out of the transaction.

Clark Jenkins
FishGoneBad.com]]> http://seekingalpha.com/article/110913-how-we-can-avoid-another-tragic-ponzi-scheme?source=feed#comment-339936 339936
This is simply not true for the individual investor. Investors can now own either side of the market using long or short ETF's.

I really hate to say this, but this is really pretty obvious.


Clark Jenkins
FishGoneBad.com]]> Sun, 28 Dec 2008 16:24:47 -0500
This is simply not true for the individual investor. Investors can now own either side of the market using long or short ETF's.

I really hate to say this, but this is really pretty obvious.


Clark Jenkins
FishGoneBad.com]]> http://seekingalpha.com/article/112209-cramer-s-lightning-round-the-most-dangerous-stock-for-2009-12-23-08?source=feed#comment-339117 339117
The next 6-8 weeks should be very bad for the stock market. The Santa Claus rally did not happen, banks are just as bankrupt as they were in September, and more and more people are losing their jobs (and homes).

The stock market is a blood sport. There are winners and losers. The best way to be a winner is to do your homework, watch the market, and learn from your mistakes.

Clark Jenkins
FishGoneBad.com]]> Sat, 27 Dec 2008 02:34:53 -0500
The next 6-8 weeks should be very bad for the stock market. The Santa Claus rally did not happen, banks are just as bankrupt as they were in September, and more and more people are losing their jobs (and homes).

The stock market is a blood sport. There are winners and losers. The best way to be a winner is to do your homework, watch the market, and learn from your mistakes.

Clark Jenkins
FishGoneBad.com]]> http://seekingalpha.com/article/111339-beware-quantitative-easing-is-hallucinogenic?source=feed#comment-334730 334730
Clark Jenkins
FishGoneBad.com]]> Sat, 20 Dec 2008 16:54:06 -0500
Clark Jenkins
FishGoneBad.com]]> http://seekingalpha.com/article/109176-managing-a-portfolio-in-a-bear-market?source=feed#comment-322704 322704
That said, look around you. What is out of place and why is it out of place? If you can not figure this out, I am not your 7th grade teacher (Isn't this the time everyone became aware of why they were different? (in America)?)]]> Sun, 07 Dec 2008 02:23:09 -0500
That said, look around you. What is out of place and why is it out of place? If you can not figure this out, I am not your 7th grade teacher (Isn't this the time everyone became aware of why they were different? (in America)?)]]> http://seekingalpha.com/article/109244-a-smaller-world?source=feed#comment-322701 322701
Have you ever been to China? Everything is on the table, including household pets.

Clark Jenkins
FishGoneBad.com]]> Sun, 07 Dec 2008 01:57:55 -0500
Have you ever been to China? Everything is on the table, including household pets.

Clark Jenkins
FishGoneBad.com]]> http://seekingalpha.com/article/109294-peter-schiff-on-gold-the-dollar-and-asian-markets?source=feed#comment-322658 322658
This is an interesting, yet wrong, observation by Norman. Money can be anything. Shells, feathers, even paper. The correct way to have said this was, "The total amount of gold ever mined since the beginning of time is xxx tons. The global economy is $60 trillion. Are you suggesting that we should equate these two values?"

There, that makes a lot more sense.

Always trying to be helpful,
Clark Jenkins
FishGoneBad.com]]> Sat, 06 Dec 2008 22:34:41 -0500
This is an interesting, yet wrong, observation by Norman. Money can be anything. Shells, feathers, even paper. The correct way to have said this was, "The total amount of gold ever mined since the beginning of time is xxx tons. The global economy is $60 trillion. Are you suggesting that we should equate these two values?"

There, that makes a lot more sense.

Always trying to be helpful,
Clark Jenkins
FishGoneBad.com]]> http://seekingalpha.com/article/108917-understanding-the-recession?source=feed#comment-322434 322434
There are three (maybe four), powerful things central banks want:
1) Consolidation of banking power.
2) Buying up important distressed assets at fire-sale prices.
3) Gold.
4) (maybe) Oil and oil companies.

In the Great Depression of the 1930's the central bank shrank the money supply and made life very difficult to conduct business. That is happening now. Take a look at the Baltic dry ship index. Commerce moves on letters of credit. No credit, no commerce.


Clark Jenkins
FishGoneBad.com ]]> Sat, 06 Dec 2008 12:50:56 -0500
There are three (maybe four), powerful things central banks want:
1) Consolidation of banking power.
2) Buying up important distressed assets at fire-sale prices.
3) Gold.
4) (maybe) Oil and oil companies.

In the Great Depression of the 1930's the central bank shrank the money supply and made life very difficult to conduct business. That is happening now. Take a look at the Baltic dry ship index. Commerce moves on letters of credit. No credit, no commerce.


Clark Jenkins
FishGoneBad.com ]]> http://seekingalpha.com/article/106770-can-central-bankers-prevent-a-great-depression?source=feed#comment-312662 312662
For those people who are having a problem seeing an answer, take a look at some of the comments. Our monetary system is debt based. As long as countries are willing to accept our debt as payment there is no problem. Now take a look at the very first picture Gary posted, The Baltic Dry Index. Saying that it fell has plunged 11-fold sounds like more like a statistic than a frightening fact. What this means is that commerce is not moving.

As there is no commerce going on, there is a depression.


Clark Jenkins
FishGoneBad.com
]]> Sat, 22 Nov 2008 18:47:57 -0500
For those people who are having a problem seeing an answer, take a look at some of the comments. Our monetary system is debt based. As long as countries are willing to accept our debt as payment there is no problem. Now take a look at the very first picture Gary posted, The Baltic Dry Index. Saying that it fell has plunged 11-fold sounds like more like a statistic than a frightening fact. What this means is that commerce is not moving.

As there is no commerce going on, there is a depression.


Clark Jenkins
FishGoneBad.com
]]> http://seekingalpha.com/article/106125-ultrashort-etfs-at-a-tipping-point?source=feed#comment-307634 307634
Thank you grandfather Nido, thank you mom. I wish the two of you could be here now.

Clark Jenkins
FishGoneBad.com]]> Mon, 17 Nov 2008 01:13:57 -0500
Thank you grandfather Nido, thank you mom. I wish the two of you could be here now.

Clark Jenkins
FishGoneBad.com]]> http://seekingalpha.com/article/99680-bullion-shortage-and-spot-prices-tell-two-different-gold-stories?source=feed#comment-307208 307208
A woman walks into a butcher shop and sees that pork chops are $4/lb. She goes off on a tirade. "$4/lb?, $4/lb?, $4/lb? The butcher down the street has them for $3/lb!"

The butcher, obviously miffed, responds: "Then go buy them down the street."

The lady: "He is out of $3/lb pork chops!"

The butcher: "When I am out of pork chops, they are only $2/lb."

The lesson here is that if you can not buy something, it can be any price the seller wants. You still can not buy it, and the seller still can not sell it.

So what does this really mean? It means "someone" is lying. Gold is either available, or its price is really much higher. Since some people can not apparently buy gold, it must mean that its value is much higher.

It would not surprise me in the least to see gold prices plunge by 30% as governments try to manipulate the weaker hands to sell their gold positions.

Clark Jenkins
FishGoneBad.com]]> Sun, 16 Nov 2008 12:02:15 -0500
A woman walks into a butcher shop and sees that pork chops are $4/lb. She goes off on a tirade. "$4/lb?, $4/lb?, $4/lb? The butcher down the street has them for $3/lb!"

The butcher, obviously miffed, responds: "Then go buy them down the street."

The lady: "He is out of $3/lb pork chops!"

The butcher: "When I am out of pork chops, they are only $2/lb."

The lesson here is that if you can not buy something, it can be any price the seller wants. You still can not buy it, and the seller still can not sell it.

So what does this really mean? It means "someone" is lying. Gold is either available, or its price is really much higher. Since some people can not apparently buy gold, it must mean that its value is much higher.

It would not surprise me in the least to see gold prices plunge by 30% as governments try to manipulate the weaker hands to sell their gold positions.

Clark Jenkins
FishGoneBad.com]]> http://seekingalpha.com/article/99460-is-gold-a-sucker-s-bet?source=feed#comment-304772 304772
Inflation is caused by an increasing money supply. The major nations around the world have all pumped trillions of dollars into their economies in an effort to stop the depression from happening. If you go to the grocery store, things are more expensive now. Even salt costs more.

I can only guess at why people think we are in a deflationary period. Perhaps it is because desperate people are selling their belongings for whatever they can get. Perhaps it is falling prices for houses.

If you can not buy gold, then go to your local discount store and buy some canned goods (of food you like to eat). If there is something you have been planning to buy and have been putting it off, please go and buy it. Everything will soon be more expensive.

While I am on my soapbox, this will be the last decent Christmas for a very very long time. I say this because China fills up container ships with inexpensive goods and we give them paper IOU's we have no intention of honoring. China will eventually want to paid in something of real value. With a new administration starting in January, I am thinking we have another 2 months before China cuts off the American consumer.

Clark Jenkins
FishGoneBad.com]]> Thu, 13 Nov 2008 01:59:18 -0500
Inflation is caused by an increasing money supply. The major nations around the world have all pumped trillions of dollars into their economies in an effort to stop the depression from happening. If you go to the grocery store, things are more expensive now. Even salt costs more.

I can only guess at why people think we are in a deflationary period. Perhaps it is because desperate people are selling their belongings for whatever they can get. Perhaps it is falling prices for houses.

If you can not buy gold, then go to your local discount store and buy some canned goods (of food you like to eat). If there is something you have been planning to buy and have been putting it off, please go and buy it. Everything will soon be more expensive.

While I am on my soapbox, this will be the last decent Christmas for a very very long time. I say this because China fills up container ships with inexpensive goods and we give them paper IOU's we have no intention of honoring. China will eventually want to paid in something of real value. With a new administration starting in January, I am thinking we have another 2 months before China cuts off the American consumer.

Clark Jenkins
FishGoneBad.com]]> http://seekingalpha.com/article/100159-program-trading-dark-pools-and-gold?source=feed#comment-304762 304762
Clark Jenkins
FishGoneBad.com]]> Thu, 13 Nov 2008 01:01:03 -0500
Clark Jenkins
FishGoneBad.com]]> http://seekingalpha.com/article/100596-why-are-investors-returning-to-the-dollar?source=feed#comment-301226 301226
The problem with Seeking Alpha is that it is like Myspace. Everyone thinks that their opinion matters and should speak out when they really need to shut up and stop looking retarded.

I appreciate your advice and plan to put it to good use.

Thank you once again,
Clark Jenkins
FishGoneBad.com]]> Sun, 09 Nov 2008 12:31:08 -0500
The problem with Seeking Alpha is that it is like Myspace. Everyone thinks that their opinion matters and should speak out when they really need to shut up and stop looking retarded.

I appreciate your advice and plan to put it to good use.

Thank you once again,
Clark Jenkins
FishGoneBad.com]]> http://seekingalpha.com/article/102977-really-diggin-dig?source=feed#comment-297061 297061
I hope this helps everyone reading this.

Clark Jenkins
FishGoneBad.com]]> Mon, 03 Nov 2008 09:21:08 -0500
I hope this helps everyone reading this.

Clark Jenkins
FishGoneBad.com]]>