Bhakta

Five Reasons the Market Could Crash This Fall

Albeit, this article has nothing positive to say; although I am normally a "positive person"; I agree the system is rigged and the common person cannot have faith in the system at all.

I expect a big crash, either in the fall or the winter, because neither sales or earnings are going to rise to the level needed to justify the valuations.

Time to Short Financial Stocks - Starting with BofA

If you like to short the banks, then buy a XLF put. Your risk is limited and gains are substantial if you are right. I have been listening to Mish Shedlock for a while, and he recommended buy XLF puts 6 months ago, which are all profitable 50% or better. I purchased more this week, as I agree the financial s have not reached bottom, but I hesitate to select one only.

As Credit Lines Dry Up, Homeowners in Withdrawal

I always enjoy and appreciate Mr. Shedlock's insights, with which I rarely have any disagreement. Personally, I feel the real estate debacle in the USA is only starting to run. I am short builders and banks for the time being, and view the recent rally as a dead cat bounce only in the builder and finance sector. I have had Citibank recently cancel my credit cards because "I have not used them"! I don't want to be over my head in debt, so I am careful when using these cards; therefore Citibank punishes me! I wrote them and told them I am happy to use the services of more customer friendly banks.

Auction-Rate Bonds Fail to Find Buyers

"Bren", I hope also, but this is like a tidal wave now that is unstoppable. Every act has a reaction, and no one can see clearly what the ramifications are. Had the FED not drove up rates for 17 consecutive quarters, and just left them alone, people could perhaps have made their payments, and property values would have stabilized. The FED wanted to stop the "inflation", and the result is now serious deflation in property, and inflation in everything else. Is there a worse scenario economically?

Auction-Rate Bonds Fail to Find Buyers

It is about time the domino collapsed and reality sets in. The US has been living a dream for too long and the dream is now a nightmare.

I am looking at the tape this AM and it seems the only safe haven is in precious metal, commodities and energy.