I think Roubini's fear-mongering is more of a cause than an observation of the banking crisis. The fact that he was an early prophet of doom for weakness in the industry doesn't mean people should panic out of every bank he sets his site on. Buffett is a major holder of Wells and I would note to Hedge Fund Trader that I know over at Phil's Stock World that they were selling the front month puts on Friday afternoon - aren't there 2 sides to these massive volumes?
Plan Orange: Killing the Mortgage Crisis Quickly [View article]
Phil Davis had a similar plan last year and took it from a slightly different point of view - you two should get together and get in front of Congress! www.philstockworld.com.../
moose, I do not see that quote on Tuesday, quite the opposite I see a prediction that the Dow could go as low as 7,000 and a call to take ultra-shorts and USO puts that gained 37% in 3 days. Why the effort to discredit this guy by you and CME? At least try to work with facts and not attribute false statements to the author, who was brilliant all week.
Options Trader: Thursday Outlook - How Much More Disappointment Can We Stand? [View article]
cmetrader, you are a toxin on this site! The options pointed out by this author last Wednesday would have saved anyone's portfolio (they did mine). Both the options selected and the logic of the ratios were the best advice ever published on Seeking Alpha.
The advice right above your comment to watch the 40% levels on the indexes was also dead on. It is you who come off like a fool cursing that which you clearly do not understand.
5 Reasons Why the $700B Bailout Could Translate to $250 Oil [View article]
The dollar index is still under 80, it was at 92 in January of '06, that's a 20% increase from here and would be just one single reason that oil can go to $50, rather than $250 if things go right in the US and wrong in the rest of the world.
The Chinese market, whose economy you laud as unstoppable, is off 66% from it's highs. That does not support your weak dollar theory as they certainly need them badly and if China starts pumping money into their markets and dropping export prices, the dollar gets stronger too.
$250 oil may happen on day but that would translate to $10 per gallon gas and if you don't think there will be demand destruction at $200 per tank, then go ahead and place that bet.
I find the comments by cmetrader and the person with a racial epitath for a name to be interesting in that the picks I see over the past couple of weeks have been dead on most of the time with a "performance" that I have rarely seen matched by any stock picker.
You may have an issue with this guy for whatever reason but you are doing a disservice to people by telling them not to listen to a guy who makes good market calls almost every single day.
Right on this page he picks Citigroup calls that made 20% in one day. Isn't that a massive annualized return? You say his fund blew up and that happened to many this year but what you are doing is hatred-fueled revenge, not a public service. Your statement "to protect the retards" shows where your true feelings are.
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The advice right above your comment to watch the 40% levels on the indexes was also dead on. It is you who come off like a fool cursing that which you clearly do not understand.
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5 Reasons Why the $700B Bailout Could Translate to $250 Oil [View article]
The Chinese market, whose economy you laud as unstoppable, is off 66% from it's highs. That does not support your weak dollar theory as they certainly need them badly and if China starts pumping money into their markets and dropping export prices, the dollar gets stronger too.
$250 oil may happen on day but that would translate to $10 per gallon gas and if you don't think there will be demand destruction at $200 per tank, then go ahead and place that bet.
Options Trader: Monday Outlook [View article]
You may have an issue with this guy for whatever reason but you are doing a disservice to people by telling them not to listen to a guy who makes good market calls almost every single day.
Right on this page he picks Citigroup calls that made 20% in one day. Isn't that a massive annualized return? You say his fund blew up and that happened to many this year but what you are doing is hatred-fueled revenge, not a public service. Your statement "to protect the retards" shows where your true feelings are.
Options Trader: Monday Outlook [View article]