Zak Klemmer

Market Update, Friday Night Edition: Commodities, Global Markets

Anyone buying at the stratosphire must have a death wish- been there before and never again.

Who Really Runs the Economy? (Hint: It's Not the Policy Makers)

This reminds me of Garet Garrett's book: "A Bubble That Broke The World" written in 1932. Amazon.com has the book in stock.

Housing Bubble and Real Estate Market Tracker

There was an article in the Arizona Republic that said that banks are allowing short sales of houses rather then taking them back as a foreclosure. They allow the sale to close and accept less than the loan amount; this is becoming more frequent and is up from last year.

Open Skies Agreement Between U.S. and China? Not Anytime Soon

We need about 50 million hard working immegrants to pay into Social Security to save generations X and Y. Open skys would be a good start. [ ;) ]

Still Short Downey Financial Despite Jump on Earnings

It would take over 11 days to cover all the short positions on DSL. I'm looking for some short candidates especially in the homebuilding and mortgage industries. Eleven days is the kind of fuel that could cause a rally and I hate buying back my puts for more than I sold them for.

My Biggest Turkey: Aurora Foods

Well my biggest turkey of the year is the Jan 17.50 Put I'm holding on BSX. I'm embarrassed that I haven't unloaded this dud; just last week there was a good opportunity to sell it back for a smaller loss than it closed at today. My rational thought was that "it's a weak stock and I'll get more for it tomorrow." But I'd have made more on RIMM since then and quite possibly more than I had bought this foul bird. OUCH!