junkyarddog

Options Trader: Thursday Outlook - How Much More Disappointment Can We Stand?

It's interesting that the market's psychology was similar when oil was >$140 and people were cock sure it'd hit $200 soon. When the dust settled (albeit perhaps temporatily), more realistic values return to market.

This time around I don't know what the DOW's "real" value is or should be. However, one thing is for sure: there's a lot of panic out there and as such it's hard to assess value on anything.

If it goes below 9K I imagine a lot of people will take their 401K's out of stocks and move it to money markets, perhaps compounding the sell-off.

Options Trader: Monday Outlook

I see Phil's articles at Seeking Alpha as an incredible help to the average American, which is provided free of charge. I don't use Phil's options recommendations (they aren't posted hare anyway), so why don't you write your complains where they belong, i.e. Phil's stock world?

Options Trader: Monday Outlook

What a tough day, oil reaching $130 for October on pure supply and demand fundamentals..., stocks tanking, panicking showing its ugly head, ald gold gaining a lot. The doomsayers had their day (week).

I can't wait for the next article tomorrow to see what Phil makes out of this insanity.

Options Trader: Monday Outlook

Your last words "be very afraid"... I already am. Afraid that the $700 billion mega bailout is not going to be enough. Afraid that my kids and their grand kids will still be paying to bailout the Wall Street casino playes, who should be in jail.

I'm really afraid that all we'll do is buy time (another few years) instead of fixing the problem: let the unscrupulous private banks fail and work on protecting the credibility of the governement itself and the dollar (what's left of it). Of course it's painful, but at least future generations will be (should be) freed from this deadly derivative virus.

Options Trader: Friday Outlook

These are crazy times, even worse than those of South America in the 80's. Remember their inflation of over 2,000% a year? Back there their goverment exausted all intervention options; all possible interventionists ideas ever written in all economic encyclopedias of the world. Of course, nothing worked for them, even changing their currency name several times AND declaring martial laws to freeze prices! What worked for them, starting in the 90’s (specifically Brazil)? It’s simple: their government stopped spending and printing money.

These are indeed scary and desperate times. All because of greed, out of control spending, and addiction to gambling (derivatives anyone?).

Thanks again for writing your articles free of charge to us, and shedding some light amidst such insane times.

Options Trader: 9/11 Redux

This is anyone's guess, but how long do you think this recession will last?

I'm living in a personal recession, even if the economists don't see that in their charts. The figures shown in the article above make my point.

I agree our problem is lack of leadship and over-spending. We're more concerned about war than prosperity. We spend like there is no tomorrow. Our government is really Keynesian, as they think and live as "In the Long Run, We Are All Dead". Thanks to Lord Keynes and his followers who simply didn't care about the future. They wouldn't live to see any economic ruin.

Our Congress is so corrupt it lacks the will and discipline to address our fiscal problems. All they think about is the next election. The idiotic democrats (and republicans) now talk about a second stimulus check, making ours a truly socialistic economy.

So, how long will this recession last? I just hope we simply can come out of it. I need more coffee...:-)