davenerven

Comparing This Past Week to the '87 Crash

So hedge funds had to cough up $400+ billion to pay for their Lehman's CDS positions. The market was very very nervous of more defaults before the settlement last Friday, but it looks like it's all been settled in a fairly orderly manner. Now one side is down $400+ billion and the other side is long $400+ billion. My guess is that the side that's now long $400+ billion is going to use their new cash to squeeze the heck out of the market shorts and make more money. What can be a better time to do this than now? So, perhaps, just perhaps, we can expect the rally of a lifetime soon as the shorts run for cover from a tsunami of buying. But, I might be completely wrong. Still, it is a scenario that makes sense. The world governments have done more than enough to unlock credit but I think credit was tight because of concerns over the Lehman CDS settlements. Now that is out of the way, anything can happen, which means that everything will probably happen all at once.

The SEC's 'Sacred Cow' List: Where Are WaMu and Wachovia?

Excellent post. Short selling is real and destructive and done by some of the same banks on the protected list. But it seems like they don't like to be on the receiving end of the same treatment.

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Banks Hit Bottom – Cramer’s Mad Money (7/21/08)

Isn't this the same Jim Cramer who told us about "toxic rivers of debt" and to sell JPM, USB, WFC and BAC just a few weeks ago? I suspect he may just be a "pump and dump". Anyway, I have a laugh looking over his past videos. He MUST be working in collusion with some hedge fund. I cannot believe anything this idiot says.

Read this please. It's worth your time, I promise.

www.deepcapture.com/

Then if you want to see more, have a look at this:

www.deepcapturethemovi...

And another site about the subject:

megamata.com/forum/vie...

Then sign this...

www.petitiononline.com...