einstein p fleet

Four Reasons We're Headed Even Higher

It appears that "Buy an Insolvent Company Day" is over and it's back to fundamentals --- which really do stink.

Four Reasons We're Headed Even Higher

The AIG move is so odd, that even the NY Times noticed it. When the government owns and is the only source of funding for the banking industry, the car industry, and who knows how many pension plans, it seems to me that driving the share price of AIG, Fannie, Freddie, and others up is another way to re- inflate government (I mean taxpayer) owned assets.

In regard to Doug Kass, I would not bet against the man begin right. He is very smart and should be taken seriously.


On Aug 28 08:08 AM enigmaman wrote:
You seem to make fun of Doug Kass a bear who correctly called the bottom, a genius but now a clown because he is calling the top.

Four Reasons We're Headed Even Higher

AIG was up 10 points because? Was yesterday, buy an insolvent company day?

Closing Update for Thursday, August 27: Late Save

Pitch or catch? Government bails out AIG with taxpayer money, taxpayer gets the shaft, Wall Street gets rich. SOS, different day.

Change you can believe in?

The Looming McMansion Attack

I sold my loft in NYC and moved to Miami. Have been renting for 4 years, waiting for the market to face reality. Prices have come down, but not nearly to levels that are in line with income and job opportunities. It's the ostrich syndrome ---- and it's going to get a lot worse before it gets better. Not even close to a bottom in residential and commercial is the next shoe to drop. Of course, that could all change when Florida succeeds and becomes part of the Seminole nation again.


On Jul 02 03:52 PM 3 degrees of seperation wrote:

> I have my eye on a just such a house in a prime area of Florida.
> Problem is that asking prices have not come down at all yet, in fact
> the sellers are still asking a premium over what they paid in 2007.
> I am ready with a cash offer when prices get discounted by 35% off
> of the peak, but don't know if we will ever get there in this area
> of Florida. It is frustrating to continually hear how much prices
> have come down, yet it is not happening where I want to buy. I should
> note that nothing is selling at the current asking prices, but that
> doesn't appear to be influencing sellers to do an discounting. Many
> of the homes in this development are unfurnished and never lived
> in, so I know speculators bought a good number of these homes.

The Andrew Jackson Portfolio - Nine Stocks for $20

GE is a good investment. The rest are pure spec plays at this point. You might at well buy two shares and GE and put the rest in Lotto tickets.

Bleak Economic News Continues

Damn. That was for real? I thought I was watching Jon Stewart today and he was just kidding around.

AIG and C are too far gone to help. Sell off the good assets and let the government mothball on the bad ones. It's cheaper. GE and DOW are just fine, provided someone reigns in the short sellers and enforces the law.