a believer

Eight Reasons Bank of America Is Going to $20

"Right this way folks, make your bets! Guaranteed profits or the drinks are on us..."

Do you not know how ridiculous this article appears to financially responsible, prudent persons?

The Sound and the Fury in the Markets

Do you think everyone is realizing that the shyster banks add no value to anything - they just subtract it - and that's why they are shrinking to zero?

The Sound and the Fury in the Markets

You mean there's no such thing as a Hedgie Zombie?


On Feb 20 10:53 AM ROLEXDAYTONA wrote:

> The hedge funds are liquidating, even the biggest ones, it will go
> on and on and on till 90% of hedge funds will be gone.
> There is no place for gambling, there is no money available to a
> hedgies from investment banks, theres is no investment banks either
> left, investors requests for money back will make this industry look
> like Jurrasic Park in few years, the scam is the word of the day,
> nobody knows what a portfolio is worth, people panic, who cares about
> some graphs, there is no prove for nothing, portfolios that looked
> 20% up turned to be a black holes.
> The hedge funds as an industry are dead, this is history you are
> witnessing today.

The Ecology of Investment Strategies

It will become harder to hold onto wealth due to the coming stealth tax - inflation. This will kill bonds and money markets, but will be good for certain commodities and precious metals.

Gold: The Only Remaining Bubble?

I'm not a gold bug, but...

every article about the government spending trillions it does not currently have to bail out the insovent banks, homeowners, and automakers makes me want to get rid of the paper money and buy gold and silver.

It looks like alot of others feel the same way...

Chrysler: Held Hostage by Cerberus

I'm not a gold bug, but...

every article about the government spending trillions it does not currently have to bail out the insovent banks, homeowners, and automakers makes me want to get rid of the paper money and buy gold and silver.

It looks like alot of others feel the same way...

Wednesday Outlook: Commodities, Emerging Markets

bosun j.

1. There is no evidence in these charts that more or less government either caused or did not cause these problems.

2. Capitalism may be a "religion" to a very few persons who adore it - though I doubt even that - but to the vast majority capitalism is a broad term that generally describes an economic system they participate in, not a "religion."

3. Though unbridled greed is a vice, the real problems appear to be a broad societal moral failure based on the widespread belief that there is no absolute truth. Therefore, it's OK to lie, cheat, and steal from folks you don't know as long as you "get away with it" (i.e., someone else you don't know is always there to steal from), and everyone agrees with you to call it The Right To Choose instead of Murder. And now we can do all of these things with the full approval and participation of our new *government.*

4. Regarding my last point, why is this nation so surprised that everyone will go down (on his knees) in this Great Depression? Do we really expect to continue to be blessed?

On Feb 18 07:10 AM bosun.j wrote:

> Almost 30 years of Ronnie Ray Gun tinkle down economics coupled with
> the wrongheaded belief that government is the problem have brought
> the worlds economies to bankruptcy. Prima facie evidence that less
> government, less regulation and unbridled greed comprise a failed
> religion many refer to as capitalism.

Wednesday Outlook: Commodities, Emerging Markets

In summary, nearly everything was leg-down this week/month, with precious metals about the only thing (aside from the dollar) moving to the upside.

America's Banks: Are They Really Insolvent?

Cash will be the best investment until inflation or hyperinflation kicks in - then commodities will be the best investment.

Here is something interesting: I was on a street in Raleigh the other day and I counted 10 different banks in a 3-block stretch. 10! Most were in new buildings; some had just opened their doors.

The American people have all watched the absolutely reprehensible behavior of the banks over the past 1.5 years and the banks have shown their "true colors" to us all.

Here is a trend: Alot of the young people are starting to develop a NEW monetary system that freezes out banks because they realize so many banks are run by greedy crooks - the banks are destroying individuals and our country. They also realize the effect of "interest: (usury) on money supply growth is ruining the world's economy. Who can afford to pay back the ever-expanding interest? No-one.

Those young people are SMART.

Here is another trend I've recently noticed: More and more people are storing their money at home and are paying their bills with cash and money orders.

My prediction, therefore, is that most banks will disappear. Avoid loans, credit, banks, crooks, shills and the Wall St. thieves at every opportunity.

Minimize your business with banks; avoid them if possible. Our economy must go back to conducting business with cash and savings, NOT credit and loans, and it will.

Income in a Zero-Rate World

Re your second strategy:

"In the ‘worst’ case, the stock price rises to the point where the option holder will exercise and Joe will have to sell his $500 shares at $35/share."

No, no, NO.

"In the ‘worst’ case, the stock price falls to the point where it is worth pennies on the dollar, and, not having developed an exit strategy that allows you to consistently make money using covered calls, you lose most of your initial investment."

Thomas Sowell on slow stimulus: It's "like mailing a letter to the fire department to tell them that your house is on fire." [HT: Paul Kedrosky]

Yes. The government could instantly “stimulate the economy” using tax cuts without spending a dime, and they know it.

Instead we’ll be killed with hyperinflation.

Start buying commodities.

Dennis Gartman on Gold, Oil, Government and the Economy

Dennis has the eternal optimism of every Stock Mutual Fund Manager: "It's not different this time."

But, it's quite structurally different this time. All of the available data says so...

2008’s ETF Dogs Could Be 2009’s Opportunities

Sorry, I just read the footnotes and those index ETF P/Es were as of 12/31/08.

2008’s ETF Dogs Could Be 2009’s Opportunities

The index ETF P/Es on 1/26/09:

SPY: 10
IWM: 12
DIA: 10
QQQQ: 13

Let's see where they are in 2 weeks; if substantially higher it will indicate a reversion to the mean is likely, which could mean another leg down in stock prices is coming.

The Hidden Cost in Inverse ETFs

The short-long index ETFs are a losers game because of hidden fees, inefficiency and probably outright theft by the market-makers. The best pure plays are stock index commodities, but thet're highly leveraged. The efficiency of the index ETFs is so terrible relative to their commodity counterparts that it doesn't even make sense to trade them. For proof, just look at the decrease in the historical 'SH+SPY' price (or any other such pairing).

On the other hand, the double and triples seem to be a daytrade's dream, but I have nver gone there.