Dame Daxx

30 Comments

    • ON: Sat Oct 11th 17:06 PM
      Commented on:
      Is Gold A Sucker's Bet?
      China said last month that it intends to diversify its foreign exchange holding, adding to Gold. Among the areas forecast for the greatest growth in are the Middle East and India, both areas that have an historic affinity for Gold.

      Gold is whack and it's never going back.
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    • ON: Sat Oct 11th 12:15 PM
      Commented on:
      Quitting the Hedge Fund Game - Mark Sellers
      His largest remaining position is Contango Oil & Gas (MCF).
      View article »
    • ON: Thu Oct 9th 10:03 AM
      Commented on:
      Nouriel Roubini Predicts (Surprise!) a Long Recession
      In 1999 when the markets were going Parabolic Up, Abby Cohen and Henry Blodgett were the "most accurate" forecasters. Now they're going Parabolic Down, Marc Faber and Rubini are the "most accurate".
      View article »
    • ON: Sun Oct 5th 14:00 PM
      Commented on:
      America Needs a Turnaround Plan
      The USA needs to look at the Spending side of its account.

      Like, Medicare is the Largest Purchaser of Prescription Drugs in the World. But it is not allowed to Negotiate Prices with the Drug Companies. What the Heck is up with That?
      View article »
    • ON: Sat Oct 4th 22:41 PM
      Commented on:
      Cannibalism: The Latest Hedge Fund Strategy?
      I agree copperbaron. Doesn't that mean the the Private Equity groups will be the next shoe to drop ,from this many shoed naughty centipede of financial over-indulgence? Who knows what they're marking to.

      I'm short BX (via puts).
      View article »
    • ON: Sat Oct 4th 19:13 PM
      Commented on:
      Cannibalism: The Latest Hedge Fund Strategy?
      Back in March when Bear Stearns collapsed, the story was how well the hedge funds were doing compared to the investment banks.

      Now the IB's are gone. The Hedge Funds are crumbling. The strongest traders are falling just as the strongest stocks are falling.
      View article »
    • ON: Fri Oct 3rd 11:31 AM
      Commented on:
      Calling an Intermediate Bottom
      I agree with you that we're at an intermediate bottom.

      What I'm struggling with is trying to identify which sectors will lead this rally. Apart from Healthcare, which is becoming a little crowded.
      View article »
    • ON: Sat Sep 27th 21:26 PM
      Commented on:
      Could America Echo Japan's Mistakes?
      I like the Swedish example, where the Govt took an equity stake in banks so that the Taxpayer got some upside when the housing market rebounded.

      If we're going to Socialize the Losses, then let's Socialize the Gains.
      View article »
    • ON: Sat Sep 20th 14:46 PM
      Commented on:
      Performance for Harvard, Yale Endowments in 2008
      Very impressive. But through what period is this? DBC is only up 9% YTD (it's down 25% since the end of June).
      View article »
    • ON: Fri Sep 19th 21:05 PM
      Commented on:
      Have We Reached a Near-Term Bottom?
      Two months ago we also had a big Short Covering Rally in Financials. But that was accompanied by a Massive Sell Off in Commodity Stocks

      This time it's quite different. Financials have rallied, but Commodity Stocks were also up a lot today. This suggests that we're seeing not just some Sector Rotation, but New Money coming into the Market today.

      I have much greater conviction in this Bottom than in the other 4 we're so far seen this year.
      View article »
    • ON: Fri Sep 19th 08:28 AM
      Commented on:
      SEC Bans Shorting Financials
      American Express (AXP) isn't there either. But Blackstone (BX) and Och Ziff (OZM) are there. Protecting the Hedge Funds but not the Credit Card Companies?
      View article »
    • ON: Fri Sep 19th 08:11 AM
      Commented on:
      SEC Bans Shorting Financials
      Capital One (COF) seems to be missing from the list.
      View article »
    • ON: Thu Sep 18th 20:04 PM
      Commented on:
      Ireland Imposes Some Discipline, Reaches Pay Freeze Deal
      Your description of Brian Cowen as the newly "selected" prime minister is very apt.

      Unfortunately, Ireland in the past 21 years has degenerated into a One Party State. Elections are irrelevant, and the same faces are in power year in and year out. Inevitably that leads to Sloth and Corruption.

      It looks like the Celtic Tiger was a peculiar aberration, and now we're seeing Ireland revert to the mean.
      View article »
    • ON: Fri Sep 12th 12:52 PM
      Commented on:
      Recognizing an Abnormal Market
      Commodity stocks were Abnormal on the way Up, and are now Abnormal on the way Down. I wish I knew what Normal was.
      View article »
    • ON: Sun Sep 7th 10:21 AM
      Commented on:
      8 Quick Comments on the Freddie/Fannie Bailout Plan
      Not just Bill Gross. Bill Ackman (massively short the common stock) has been making the rounds of the Treasury and the Federal Reserve, with his plan to wipe out the common shareholders. They respond "Got it, Mr. Ackman. We'll take care of that for you ASAP."

      So once again we will have a massive transfer of wealth, for the US taxpayer to billionaires like Mr. Ackman and Mr. Gross.
      View article »
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