Perry B

Cramer's Mad Money - Obama's Enemy Number One (9/29/09)

Who paid Cramer? Cramer who says he is educating the investor to make money. This may be true as the mentioned stocks are rising. The question is how and why? The AIG he says to buy is trading at $40.00. When in reality it is only worth $2.00. That is right TWO DOLLARS! So if BAC and C two other Cramer picks for profit fall overnight and they will. Because these greedy market manipulated stocks will take profit when they are ready without warning to the investors.. What profit is thier for you the investor to be holding $2.00 worth of pink paper on AIG. Having paid $40.00 ? Cramer and his pals will be laughing all the way to the bank with your mad money.

What They Say / What It Means: New Market Reality Edition

good satire; I have been watching the same thing in this bull rally. One day you get fed the bull. The next day you get the excrement.

Mortgage Fraud - The Root of America's Economic Malaise

Great article good comments. I live in mississippi and I am still dealing with my insurance claim and after talking to others who were involved we came to the same conclusion the Courts and the State are so corrupted by the insurance companies that we as citizens have no rights. we take what they offer. (which is less than half the policy claim owed) or leave it. While the attorneys peel off another forty percent of the settlement. So yes. I agree greed has outwieghed reasonable rights to believe you are secure in your home, in the event of a catastrophy. I went into Katrina with a debt of $160,000 on a $350,000 home I am now after insurance settlement and rigged court system. $ 270,000 in debt and no home on the property. With a mortgage of $1300 per month. Just to wish you all a happy New Year. Yes we are morally bankrupt in America. With protection to those who are the very crooks, who will buy these mortgages no one wants. The Hedge funders who are working with the insurance companies. It is the plan

Regions Financial: Sitting on a $22.8 Billion Sink Hole?

Rf was up for predatory lending practices by the city of Birmingham Alabama. Regions home state. Through political pandering RF was dismissed from the lawsuit. Its parent company Morgan Keegan has been involved in many investigations for investor mutual fund fraud. fraud with jury awarded fines. Same with RF. RF also was the loser in $10,000,000 lawsuit involving the aquistion of Am South bank. RF wrongfully used mutual funds to pay for percs on closing the Am south deal. Percs such as executive golf memberships and other fun trips and gifts to execs. The Alabama Bank is protected by the senators from Alabama who chair the finance committee investigations for wrong doing. Go figure that one out. RF is the teflon don of banking that is why it still operates. It should be bankrupt I agree good article

Why This Is No Time for Buy and Hold

god article

Financials: How to Bank Some Profits

I beg to differ with you on the options But in these downturns you failed to mention the downside to options which is they expire leaving you holding air. Where your money used to be. The actuarys know how to win at options far better than any trader as well as market manipulation which is heavier in options as you are locked into the trade. Whether it be up or down. So buying options at the right time is critical. One day off and you are losing the dough. So My advice to any trader is to not trade options. In this volitile market. Cash is in and out. Be cautios and use the charts for success. They have cielings and floors. YOu can count on that. buy thelows and sell the highs. If you think there is the bottom dip through analysis: Buy. and when you see the stock approaching the prior ceiling of resistance. Sell the highs if you look at the data and realize that it will not bust resistance. Sell or set a stop. Which they will pick you off, so it is as good as a sell order. Very simple, patient and the only one who knows your trade is you and your broker. And your broker doesnt know when you are pulling out. And the market doesnt know when you are going in. Happy straight trading. Skip the insanity of options trading Look at your portfolio and tell me when you had a successful options trade that did not get cancelled by the next trade option.

Wall Street Breakfast: Must-Know News

Is anyone else bothered that the SEC is giving the institutions the protection of not disclosing short positions? This smacks of more market manipulation. With erratic daily charts. Aimed at picking off retail traders stops. Bringback the uptick rule. Quit protecting failing companies and let the free market decide who wins or loses.

Certain Banks Are Still Broke

To concept wizard. Had previous administrations not manipulated the mark to market rules, To accomadate their own agenda's. America, would not be in this mess. Obama inherited a mess of financial greed that the past three administrations have rode hard. The Obama administration has played the banks hand very well in my opinion. I read an article where Obama's team was going to make the banks auction off their so called toxic mortgages to the hedge funders. Since No other Country wanted to touch anything American. So in theory using current Mark to Market accounting rules. These hedge funders could have conceivably purchased at auction $100,000 mortgages for say 60,000. This made the banks have to rethink the wheel and all at once the Federal handout money wasnt so interesting. Thus forcing them to give the money back or lose real money. Some are still truly broke. But the others were just bilking the taxpayers, buying banks that did not have enough political clout. Going on junkets and doing buisness as usual. I think we should applaud the Obama team's very shrewd and tactful efforts in the face of years of Governmnet corruption and laws written to protect crooks. Laws written by our corrupt State Legislators and Corrupt Congress. I am particularly glad Obama is beginning the lengthy process of restoring free enterprise by changing anti trust laws. This recovery will take time, I hope many heads roll. Beginning with the above mentioned corrupt legislators and Congress.

Allegations of Insider Trading Within the SEC

I agree this has been to long in the wings Everyone in the SEC should be investigated The top brass dictates policy to the telephone operators that take complaints. Start at the bottom and work your way up to who made the decision to not investigate Maddox, and other ponzi scheming hedge funders. This is just a micro look at a macro problem. Go news media you might gain some respect and earn some sales.

Suburban Housing Markets Are Unsustainable (Part 2)

Good article many good points. Great point on the Cramer talk. Reverse physch works for his advise. I would comment, or rant as well on this "reported," housing surge. I am not certain it is the refi's. Nor is it individuals buying bargains.
From what i see. It is the commercial lending to the banks pals. Buying foreclosures for cheap and using cash. (who's cash?) Mine and your tax dollar.
Marked money, that should have helped the people in trouble.
In trouble for the large part by enforced mark to market accounting used to manipulate and create this big scam on the taxpayers.
I live near one of the affected area's. Florida. and what I see happening is. Bankers depositing funds (our tax dollars) into investment accounts ran by their friends. The friends then show up at the Bank auctions and guess what; They get the low bid. The hedge taxbreaks, matching funds, all the Forida sunshine juice.
Just like the 80's when every banker lent his pals money to build condominiums. Going bust. Then repurchasing the property and converting tthem to section 8 housing. After buying them back from bank auctions at hugely dicounted prices.
So what has changed? The poor and displaced, will have plenty of shorted condo's to live in. The taxpayers get bilked, the banks and hedgies are grinning.
This is a very over simplified example. But why isnt the media jumping into the mind boggling end of this scam?
I also agree on these crooks going to jail. The unfortunate part is that crooked State banking commissions, congressmen, and state Legislators are legally covering thier backs. While the media sells soap for them.
I call MSNBC-- More Socialist News Broadcasting Core. I like your NINJA loan better

Fannie, Freddie and the Luxury of Adhering to the Constitution

Have you ever noticed how the things you fear the most never happen. It is the unseen little things you werent prepared for that get you? That is what has happened to America. Our corrupt Congress , State legislators, and the media prepared us through fear. For terrorist attacks. When in truth. The real terrorists have been sneaking up and attacking us, disguised as upstanding citizens in Congress, legislation, and media. Thank You for the Patriot act, The convienient removal of the Up Tick rule and a detrimental enforcement of the Mark to Market rule. Oh yea and thank you hedge fund mobsters for using your puppet leutenant's so effectively

Five Reasons the Market Could Crash This Fall

After the 20/1 reverse split at AIG. The stock has to trade at $20.00 to be worth a buck. Currently AIG is trading at $14.36 . Up from a low of 8.22. Or a true value of .40 cents. Today it is worth .60 cents. Does that tell you something about market manipulation and croniesm. Why are they still trading? Everyone needs someonee to hate when things go bad at the casino. If you want to see further panic in the market. Pull your sideline money out of your brokerage account.

A Close Look at GE Ahead of Earnings

Good article; I have been following GE and have not been impressed for the same reasons you mentioned. To much leveraged debt. No way to raise capital. This spells certain disaster. I agree with the cheerleading aspects of CNBC. What bafoons. One should also Look at AIG as well. The twenty to one stock split did nothing but drain them further. Buying them some undeserved time to stay in the market. Based on the to big to fail sentiment. Draining dumb money retail traders. (Such as myself) Now that AIG has succesfullly scammed this reverse split it set the foundation for other, over leveraged to big to fail companies to follow suit. (GE) This stock splitting puts all the money left in the company in the hands of the major players trying to get out. Ge will share the same market fate as AIG. as they try through market manipulation to maintain their position on wall street.

The Quest to Backstop Every Big Bank

Good article. I was wondering about this new no friction rule placed to make it easier for FNM, FRE and other fundementally (yet in favor) unsound stocks to move upward. Even though they are sucking wind. This article somewhat explained that. As well as my cynical view on this new casino manipulated stock market. We need the uptick rule reinstated and whoever ( I think it was King hedgie himself Paulson that was largely responsible for it's removal) should be hammered as he and his crowd have seriously fractured the free market system of Wall Street. Without the up tick rule. It is next to impossible to back a fundementally sound stock with lasting success, in a bear market environment. Hence we as traders become nervous gamblers rather than hopeful investors.

Is the Dollar Dead in the Long Run?

Very good article, gave me some room to think. Not that I am happpy with my thoughts on America's future. Overwhelming debt cripples a Nation. It is just a matter of time before we as a nation under the rule of a very corrupt self serving government. Realize. What the world is trying to tell us. That is; We are not special we are retarded. The politically correct drunken, drug and sex addicts we send to Washington, (because of our own apathetic anti depressent intake) will be so hung over when they figure out they can no longer fool or bribe the world with thier corrupt ways. That our fate is anyones guess. Our government in the drunken state they are in. Do not realize they are little more than unwitting pawns, to the nations who are going for the power they deserve. Unfortunately as constituants of these power drunk individuals. We as American citizens will bear the brunt of the suffering. In this rapidly changing global economy. Hopefully a nation that is truly worthy of Freedom will emerge out of this mess and whoever that is; will control the currency. It should be interesting. Even though America under it's present course will be sucking more wind than a sail full of holes.