Fish Gone Bad

Bill Ackman's Bright Ideas

GGP is in a world of hurt and has missed several payments. Even buying it for a dollar is waste of money.

The 'Doo Doo 32': Receipt of the TARP

good job Reggie. I am wondering how many of the TARP'ers are out buying their own stock.

Insurance Sector Actionable Intelligence

The markets are a bloodsport. Reggie, you are a gladiator. I am impressed.

Clark Jenkins
FishGoneBad.com

Combating Cascading Short Spirals

The only reason to be in the stock market is to make money.

Markets move as tidal forces, money moves in, and money moves out. It is as simple as that. The trick is to be on the right side at EVERY given point in time. That said, the US Government can buy up every single bad loan and buy up every single share of every F'd up company on the stock market. This will destroy the dollar. Everything everyone has in the bank and retirement account will literally just vaporize as the dollar is inflated beyond recognition

AIG is on the hook to pay $225 Billion on Friday, 10/24/2008, in defaulted Lehman guarantees. My guess is that any company throwing lavish parties after getting an $85 Billion dollar loan, is not going to pay their obligation. This is what people who are about to "go under" do. The guy down the street from me has a drinking problem and went broke. Before he went belly up, he bought a new Chevy 2500 truck and ran up all his bills.

I am on both sides of this long/short argument. I have no idea how things will play out. That said, my best guess is that "crap happens". Plan ahead.

To anyone reading this. This is not about paper money, it is about toilet paper. In these uncertain times, please just go out and buy what you will need in the near future. Do you use toilet paper? Go out and buy a years worth tomorrow. If you "Threw your money away", it will just be for toilet paper.

I am your best friend ever (for free).
Clark Jenkins
FishGoneBad.com

Not All Preferreds Created Equal

Do you know of anyone going bankrupt? They go out and buy lots and lots of stuff. They know they will not have to pay it back and live it up.

Who do we know that just did that? AIG. They had a half million dollar party in California after getting an $85 billion dollar bailout. It is my understanding that they are on the hook for $225 billion of Lehman loans, and it comes due on 10/24/08. I am thinking that if they need to get bailed out, they are not going to pony up $225 billion.

But what do I know. I just draw bad cartoons.

Clark Jenkins
FishGoneBad.com

AIG: An Attractive Buy, If...

Do you know of anyone going bankrupt? They go out and buy lots and lots of stuff. They know they will not have to pay it back and live it up.

Who do we know that just did that? AIG. They had a half million dollar party in California after getting an $85 billion dollar bailout. It is my understanding that they are on the hook for $225 billion of Lehman loans, and it comes due on 10/24/08. I am thinking that if they need to get bailed out, they are not going to pony up $225 billion.

But what do I know. I just draw bad cartoons.

Clark Jenkins
FishGoneBad.com

Paulson in a State of Panic

Take a look at Paulson's face. See the fork mark scars on his forehead? When he was a little kid, he did not know how to eat. That is a sure sign of a retard.

Okay, that was mean.

There is no way that anyone this important can be doing something this stupid unless he is doing it on purpose. ** God that sounds like conspiracy theory **.

Give this some thought: If you wanted to destroy all the money in the world, how would you do it? Seriously. This is a good way to do it.

If you take a look at YouTube's "Money is Debt", you will understand why money blows up.

Clark Jenkins
FishGoneBad.com

AIG: The Cramer Conspiracy Theory

Cramer is entertaining. He apparently makes decisions instantaneously on TV. Unless he knows everything about everything all the time, his advice should always be considered dubious at best.

For some reason, people like to have other people think for them. Perhaps I should start my own newsletter as well.

Clark Jenkins
FishGoneBad.com

BofA, Lehman, AIG: The New Financial Realities

If anyone watched McCain's acceptance speech, you will find this funny.

McCain said that newly unemployed Americans will get training and get better jobs. Jobs that will stay. So I am thinking, aren't those the jobs that everyone at Lehman, just had?

Clark Jenkins
FishGoneBad.com

Serendipitous Sundays for Financials

I was just thinking about Paulson. Will this guy get a day off before his term ends?

I can just see his secretary penciling in Merrill Lynch for this coming Saturday and Washington Mutual for Sunday.

Then there are the unseen financial icebergs out there as well.

Clark Jenkins
FishGoneBad.com

Don’t Buy What Wall Street Is Selling

The only comfortable position I have is in SKF (Proshares Ultrashort Financials). As the financial stocks lose value, SKF goes up.