Dame Daxx

Oil Bear Markets

Not just the amount of the decline, but the speed in which it has happened.

A $40 Bottom in Oil?

I read that Oil bear markets erase 75% of the gain, which would get us to $37, or close to $40.

FOMC Statement: What It Really Says

Timothy Geithner is in the running to be Obama's Treasury Sec.

Boone Pickens' Holdings

CHK has doubled since Friday.

Boone has stumbled on oil all year. When it first hit $100 (going up) he shorted, losing a lot. Then he switched to being long, only to get hit again when it came down.

The markets, all markets, this year have just been a Casino. I like this quote from the FT yesterday:

"So many trading models have failed catastrophically over the past months that the survivors can wonder if anything other than randomly distributed luck can be relied 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.

Quitting the Hedge Fund Game - Mark Sellers

His largest remaining position is Contango Oil & Gas (MCF).

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".

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?

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).

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.

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.

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.

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).

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.

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?