G.Kelly

FAS and FAZ: A Short-Seller's Dream?

FAZ and FAS couple of the greatest daytrading vehicles to be found.

Long? Short? wouldn't touch either with a ten yard roll of 100's. 2hr-4hr trades on these two reap a 20% avg when daytraded. Cap the greed factor, pay attention to the associated indicators (ie SKF), watch the news, play the real or sentiment factors, set a trailing stop loss if it makes ya feel secure and whack them at +20%....let the other traders have whatever is left...or not. Bank the profit, stow away the tax burden and move on to the next. Self discipline and concentration is the rule on these two. IMO

Cramer's Stop Trading! This Is One of the Greatest Rallies in History (3/27/09)

OMG...this is so depressing.
Some 3.5 million homes sitting empty? A house building boom?
Fed steps in and has to buy 300 of its own dept.
UE up every report, even as those whose benefits have run out drop off the stat sheets?
17,000 troops just beginning in the most expensive black hole war ever "fought"?
China about to pull the plug on our cheap credit?
Trillions of dollars about to be saddled on to the public's back?

Etc. etc. etc.....My good God man, get one of those new stem cell brains. This is a SUCKER bear rally if there ever was one.


Good God man!

As History Repeats Itself, Time to Buy Gold and Silver

Real and depressing

You have any positive insights?

This Recession Is a Reset to a New Normal

Excellent analysis.
The ramifications are deep. Demographic and Social make-ups will change rather quickly as well. It is not much of a concern with those who deal with facts and figures.

Having sold our future to the rest of the world, the "new America" will also begin to look quite different as our new owners take rightful ownership of social institutions forming it to their own cultural likes and dislikes.....the melting pot is no more. The reforming of our social structures and basic human interactions is an often overlooked outcome of all of this. No comment on the "good or bad" of this...just that it is bound to occur.

Five Impossible Thoughts After Breakfast

Highly polarized opinion. Obviously some here think, stupid, ill-founded, groundless, irrational, with ulterior motives (short the market) and..downright un-american.

The arrogance of the American public is dumbfounding.
Your economy is in absolute self-caused shambles, you have infected the globe with your toxic scams, billion upon billions spent warring on people, while you sat your SUV's or Volvo's waiting for a parking spot at the mall. Gluttonous borrowing for bling and now chastising the rest of the world for doing what you exported as the "way to live". And you assume that this will all just "go away"! That your lenders will just keep sending you their savings for you to continue your unabated self-indulgence. Because you are Americans, the "leaders of the world", that you are too good to save, sacrafice, suffer and (with the exception of your brave young men and women abroad who you have convinced are fighting the "good fight"), pay the ultimate cost of your stupidity and absolute arrogance.

The reality is: that it is over.

The reactions here are emotional because that is where the facts strike: at your fear that your life style is in jeopardy. Well, it is. And you have brought it on yourselves. Your indifference to the last 8 years of lying, cheating and raping of your "middle class", the incomphrehensible redistribution of your wealth etc. etc...etc. And yet you STILL want to live in denial.

Your system is broken. You no longer have the "throne", you sold it long ago...and your reaction is to threaten to bomb or kill anyone who points out your short-comings.

The statistics quoted in this article are only a reflection/projection of what you have done to yourselves. "America, Love it or Leave it" that is your only reaction to your own citizens who critisize your past actions or try to speak of something other than going "back to the way things were".

Your arrogance is dumbfounding.
Your lessons will be long and difficult made so because you have not the sense or insight as a nation to even know where it was you fell off the cliff. You elect a "savior" and you will sacrafice him on the alter of greed when his ideals and rhetorical pablum are shown to do nothing for your markets, or "recovery". You will blame him. That is ultimately why you elected him. You do not actually want "Hope" and Change.....you want it the way it was. Comfortable and isolated from the rest of the struggling world.

Dow to 3000, S&P to 400 Unemployment to 20% and you will get your asses stuck in Afghanistan/Pakistan just like the Russians.

I totally agree with this article.

Wall Street Breakfast: Must-Know News

Just want to say thanks for showing up everymorning in my email. You do a wonderful job here.

G.Kelly

Eight Reasons Bank of America Is Going to $20

As GOOGLE is to the internet, so shall BAC be to banking.

In your lifetime with many years to spare. Too big to fail? Irrelavent. It will end up being the core upon which the sector will stabilize.. It is AMERICA's bank. With the recent history of this country (frontier mentality...as the Americans love to perceive of themselves.) imbedded in its well honed image . Lehman Bros/Bear Sterns were
perceived vaguely by the bulk of the US population as elitist Wall Streeters. Average Joe, the one who banks with BAC, only cared that the two failed because the media had to first educate the population about who these folks were......an upon that foundation ....build their continued house of fear.

The population is tired of this......it does not fit into the 60 minute reality and attention span.......this is a bad reality program. And they want to change channels
The collective WANTS BAC to do well.They NEED it to do well, in order for themselves to feel well. And so it shall. It's that simple.

BofA Following Citigroup to $5 or Lower

Kinda thought that Mr. O was on the right track. "Change" and all of that.

NOT.

This silliness has to stop before there is nothing left of this place, and a loaf of bread cost 50 bucks.
Who in their right mind would be throwing freshly printed deficit dollars at the very crooks who raped the financial system in the first place?
IT is a double insult: Keep the crooks in business and destroy the dollar.

We screw'd up. Face the music, face the pain of poverty and give the next generation a damm break. It is the least we can do.

My 8 Value Plays for '08: The Results

That's O.K... Appreciate your honesty. And, yes, you SHOULD give up on predicting. Or at least publishing them. However, in all fairness, very few "analysts" stood on the beach of hard facts while the rest of the world went up for the balloon ride. Of those that did "stay behind", the ones that I appreciate are those that, today, do not gloat or chastise. The "I told you so" group gets old very quick, and their exhaust clouds the air of possible repairs and changes required.
I like to remember that America is not JUST the economy, and that the "recovery" required is not JUST to the stock market.

An era has ended. How it is defined, were WE go from here, how WE move off the cycle, bubble-based economy that we have created....will depend, in part, on how "deep" WE choose to look at ourselves, and how fearless we are about our personal choices. WE cannot go back to what was.

Quite a challenge, imo.

My personal porfolio: Long on DIG, Gold ETFs. X, Nano/Stem cell pharmas, Alt. Energy, (solar,wind, fuel cell).






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Leaking Geithner: Good News for Currencies, Markets

I'm sorry, but I fail to see how bringing this fellow in will "change" anything.
Of all the incredibly intelligent economist in this country....Obama reaches into the same bag of tricks.
One good thing about the developements as they are unfolding......our "yes we can"..."hope"...."chan... man is proving himself to be yet another cookie-cutter b.s artist a tad faster than Clinton.

Anatomy of a Disaster: The Next Stop

The sociological ramifications are not mentioned here.....but are frightening to consider.

What a mounumental task; replacing the consumer debt driven economy .......and with what? For the better part of 50 years the rampant building of the viral machine of "MORE" has invaded every pore, every facet of "developed" nations human interactions.....from macro ecomonics and the associated foriegn and domestic "policies" to the micro economics of the household, and the resultant social interactions and value systems.

It is a very sad time, made more so by the fleeting hindsight realization of the wonderous possibilties of what "we" could have "become" as a nation, as a world.

Where We Go from Here: Best and Worst Cases

I fail to see the benefit of solving a debt ladden situation by going deeper in debt in the attempt to resolve the problem. Sounds very similar to a credit card addicted consumer having to borrow from one credit line in order to stave off defaulting on another.

It is well known that we have been largely a consumer credit based economy for at least the last 30 years. It is only within the last 8 years or so that consumer spending began to go into a fantasyland where a never ending supply of credit was supposed to exist. That was, of course based on the housing bubble, an it's ability to allow those caught in the illusion to draw down equity for those spending sprees.

So..............now what? What happens to our consumer credit based economy, now that our merry spender is busted? He is main source of equity decreased by half if not more?. Is there another source of "energy" for our financial machine? Personally I think not. And it certainly is NOT the artifical propping up by the Federal Banking System.....who is doing no more than printing more money to give the fleeting impression that they can stabilize/re-liquify the machine. In effect manufacturing new credit cards to use to pay off the investment community's gluttoneous rampage that has polluted the global economic system.

Enough is enough.