Fear and Greed: Premise for Capitulation and Overreaction [View article]
"Einhorn at Greenlight and others at similar firms colluded in spreading rumors, lies and innuendo. This will be borne out by SEC investigations that will result in many of these liars going straight to the federal pen."
Wow, first off this guy has youtube videos making presentations to the public on why he's shorting stocks. I'm thinking the CEO's, CFO's Analysts and Assistant Analysts, Underwriting Staff at these banks should've applied more risk management in their models. These banks levered bets backed were all backed by a house of cards and illiquid insurance (swaps) backed by every other bank that was doing the same thing! It was a mess from the start, these public banks wouldn'tve done this if the owners/managers were playing with their own money don't you think.. I'm thinking hedge funds will just take over the role, and get big, merge and go public and the cycle will just happen again in 20 years. ???
Fear and Greed: Premise for Capitulation and Overreaction [View article]
Fear and Greed: Premise for Capitulation and Overreaction [View article]
Wow, first off this guy has youtube videos making presentations to the public on why he's shorting stocks. I'm thinking the CEO's, CFO's Analysts and Assistant Analysts, Underwriting Staff at these banks should've applied more risk management in their models. These banks levered bets backed were all backed by a house of cards and illiquid insurance (swaps) backed by every other bank that was doing the same thing! It was a mess from the start, these public banks wouldn'tve done this if the owners/managers were playing with their own money don't you think.. I'm thinking hedge funds will just take over the role, and get big, merge and go public and the cycle will just happen again in 20 years. ???
Prepare to Sell Monday - Cramer's Mad Money (9/19/08) [View article]
Get Ready For the S&P 500 to Break Below 1200 [View article]