investor88

We're Not Buying This Rally

Agree be cautious but can trade some with stop loss.

Last Week the Markets Partied, This Week Sobriety

Agree some correction in order but the market should zig zag higher in the next few months.

The Escalator of Life Is Going Down (Part 2)

James Quinn message is problems not solved. Let humankind evolve its own solution for better or worse. Right now no reason to be bullish on equities except perhaps for good traders able to read the swings of market mood.

The Three Kings of Wall Street: Gifts of the Magi Lifted Last Week's Market

Market technicals are quite promising for a 2 month rally but by all means have a stop loss/sell stop.

Mark-to-Market Marches Towards Extinction

Tom is to be commended for this informative article on MTM. I didn't realize MTM was killed by FDR since 1937 and was reinstated only in 2007. Now that banks are collapsing people say kill MTM again, it does not seem a great move.

Scary Numbers, Part II

Not a time to be fooling around for sure. For the good traders, fair game.

The Market Is Improving, Cancel the Coffin

The Sage's logic is quite good but many do not agree with his optimistic conclusion. If things fall apart economically, all bets are off. Dow 5k or lower cannot be ruled out.

Sage may have a point, let's see.

Turning Japanese: The Audacity of Reality (Part 3 of 3)

We have to agree that the future is bleak, indeed turning Japanese is the best case scencarion for the US.

John Thain's PR Expenditures

No harm atoning a little for one's "sins"? Don't forget people like Thain are truly rich [compared to the average Joe] and usd1.2m is really small change.

Government Risk Rises: Credit Markets Face Structural Collapse

I am afraid Rakesh is again right to be sitting on shorts on GE, GS. Salute Rakesh for walking the talk, taking shorts on two of the bluest [supposedly] blue chips which even Warren Buffet believes could do no wrong.

I have not done anything but on balance I go with Rakesh [the "David"] rather than the Goliath of investment Warren Buffet.

Thain's Undoing: Thinking He's Worth It

Thain actions may be justified depending on how you argue but with the dire economic backdrop he was probably insensitive and lost basic "common sense".

John Thain Called Out by the President

Thain was initially seen as a symbol of restraint and common sense but it takes trying times to show a man's true colour. Fair to say you now see his true color?

Would You Buy Bank of America Common?

Super logic on potential of BAC but the risk is still there. Now do you want to take this risk? Not for me under present economic conditions.

S&P's Downgrade of Financials Is a Definitive Bear Signal

I think Rakesh has made a good case for shorting financials like GS, C.

I must salute Rakesh for taking short positions with good reasons in GS, C. This is going against the giants ie sovereign wealth funds and Warren Buffet who said cash is trash, and invested in GS, C. Although Rakesh is up against the giants, he has a good chance of being right.

More Financial Pitfalls Ahead - S&P

Ah substantial long term rewards investing in financials for short term risky, rocky ride. Sounds good and familiar but maybe not for the average Joe who has to keep some money for survival under current financial turmoil.