CJ-49

Picking Goldman's Brain for Long / Short Strategies

"But, for those of you interested, the idea as referenced earlier is a long of AAA CMBS"

You are joking aren't you?

You are either writing a hugely satirical piece or you must be one of the GSVS traders.

VS - vampire squid

How Can We Regain Confidence in Financial Professionals?

Did Madoff and Allen Stanford do "in-house training programs, certifications like the CFA and MBA degrees" ?
Do you lot have any idea what you are talking about or is this an excercise in wasting space and getting inebriated by your own verbosities?

Sell in May? Not This Time

"..but it demonstrates to us that the market is currently trading on emotion and psychology rather than based on fundamental improvements. Investor sentiment and consumer confidence have both improved markedly over the past three months. The hope of better days ahead has been a powerful driver and could continue until corporate earnings truly do start to rebound.
"
Well, duh! Or why don't you all wait until there is 100% employment and profits are up +10,000% and then maybe ... just maybe ... (oh dear, should I - ... let's dip a toe in and see ...) you could put all your life savings in. Those who have been in the market since March 09 will at that time sell you their stocks at 10 times today's prices and laugh as they start plummeting from then on.
Let's face it, you either have the balls to invest or you don't .. or you are a sore loser Republican (in which case you'd rather the entire US and world economy was totally trashed rather than see Obama succeed - and you will not invest on principle!)

Will E*Trade Survive? Four Ways It Can

The author is right on the button. ETFC's greatest asset are it's future earnings and this is many times more than the comparatively tiny $2.1 bonds and $0.9bn shareholding for Citadel. The management of ETFC; Citadel included, are unlikely to be short sighted enough to let go a global platform that is so well known and potent with huge forward earnings for a mere $2bn in bonds. Wake up and smell the coffee, this is a screaming buy.

Don't Confuse a Bear Market with Stupidity

I think Mr Merkel's article made a lot of sense and was written with a lot of good intentions and good will. And I wish people would not say and think like in the article by F... above.

Welcome to the Age of Bountiful Crude Oil - It Should Last About a Month

Price per barrel of crude oil should go down to $25 per barrel within next 6 months, recession or not.

Fed's Expansion of Balance Sheet No Cause for Inflation Worries

Agree with Ceti, nicely put. But your audience is mostly brain dead.

3/5ths of Oversight Panel Favors Japanese Solution

"To argue that this is a liquidity problem, one needs to prove that asset values are temporarily depressed, that the values they reached during the bubble were in fact “correct.”
I think you need to look at this statement you made above again. To argue that it is a 'liquidity problem' does not necessarily correlate to an asset being temporarily depressed. The process of valuing an asset is itself subjective and if you are really a CFA you of all should know that. Liquidity bears little if any relation to the asset price. If the valuation of the asset is causing the liquidity problem then I suggest you leave open the possibility that the valuation process being enforced may not be correct. Badly thought out mark to market rules may be the cause and not 'proving that the situation is temporary'.

For example mark to market rules may be causing a mortgage to be written off even if the mortgagee is perfectly capable AND willing AND wishing to pay the mortgage as per contract.

I am quite certain that you have no idea of the number of mortgages that are still in good shape even if the perceived price on the property has been subjectively written down by overpuritanical auditors and their ilk. So it beats me how all and sundry holier-than-thous like you, Roubini, Schiff et al are insisting that they know more than the those in charge of actually examining the books and coming up with solutions.

But then again this is a golden opportunity for grandstanding so I guess just like all the others selling their shingles why miss an easy opportunity to look important with BS that few if any actually understand?

What the Leading Indicators Tell Us About This Rally

This article was great for housewife worrying about her husband's job stability. It provides further coffee time conversation for the Stepford girlfriends.

But if you have an etrade account like Cetin then you need to get back in there yesterday. By the time all the indicators are pointing up the market prices will have moved up 4 times or more. Most of the sweet trades are up over 60% already. and whatever Roubini and his fellow pretend to know-it-all say they are not going down.

Roubini vs. Cramer

I disagree about Jon Stewart as I thought his treatment of Cramer was seriously impressive. However I more than agree with Stockmajor on everything else.
Roubini is a self centred self obsessed geek who got lucky and is milking it for all it is worth. At least Cramer has the decency to admit he is a 'snake oil salesman. Roubini doesn't even do that. Daltorio below says some decent fellows 'spotted the problems' (?). That was not possible because of the perfect storm of what has happened. Mortgage salesmen on steroids filing lies. Banks bundling and selling on bad mortgages. Accountants enforcing mark to market without thinking through the consequences. Media hype and paranoia on steroids that was self fulfilling helped on in ample measure by Roubini and Schiff who saw the platinum coated golden opportunity to ride their luck in guessing that there was a problem and then seeing it through to breath taking bottoms helped on by a shark feedlike media frenzy.

The great thing is that it has destroyed the commodity and property bubble giving the world cheap prices for companies to build a great profit margin with and consumers to enjoy the low prices again.


On Apr 10 02:38 PM Stockmajor wrote:

> I wasn't impressed with Stewart's ranting against Cramer, and the
> whole episode merely caused me to lose respect for Stewart. Mostly
> he called Cramer on being wrong about not realizing how deep this
> crash would go. Who did know how deep it would go? Roubini? Schiff?
> Well yes, even gloom and doom permabears are right once or twice
> in a lifetime. As for here going forward, we will see who is right.
> My take is that it is Roubini who is the buffoon.

A Bear in Bull's Clothing: We're Not Buying This Rally

So I see you missed all the huge gains the rest of us just made. Hey I feel for you. And if you were shorting the market, ... then oh dear what can I say?

As for your article you haven't a clue what you are talking about do you? But it sounds all good and there are lots of 'economic' and 'financial' sounding words mixed in with your self importance and sore loser-ness.

For your sake I hope the market goes down again so that you can say 'I was right' ... and feel important again. And then go long...

Best wishes, CJ

Three Reasons the Stimulus Will Fail

Most of you up there including V.Dar appear to be jobless ex - 'masters of the universe' with nothing better to do than appear to be the former know-it-alls. Newsflash: you had it coming. Now if you have nothing better to do then go and get a job at McD.. to occupy yourselves rather than pouting off tired GOP sentiments that never worked.

As for 'the best brains never saw it coming' .. duh! there weren't any. The previous admin was run by the brain dead.

American in Paris has it on button.

Reality Hits Oil Market, Dollar Could Benefit

Crude Oil: It was massive market manipulation and extortion. Hopefully the scammers are still in the market and getting theirs royally and deep deep up theirs... Am loving every minute - all the way down to $40 per barrel. Dare I hope $25? Oh such joy in the gloating.

As for you lot up there with your 'peak oil' and 'supply and demand' BS. Get this, BS is all it is and you are either the scammers or just brainwashed.

We Have a Debt to Discharge

Mr Merkel,
You seem a clever chap. Why isn't the Govt. employing you to help them sort out the problems they are facing?

AIG Bailout Redux: The Perils of Open-Ended Liability

They were quietly 'set aside' so that W's friends could make some extra cash on the side. Unfortunately and in his own words 'they got drunk' leaving us with the painful and unnecessary hangover. For Joe the Plumber's sake put the jerk in jail.

On Nov 08 08:28 AM This4now wrote:

> You miss the whole point here. Where was the oversight and regulation
> we pay billions for? We have agencies and congressmen who spend billions
> to assure us our financial systems and process are sound and make
> sense. Where are they now and how do they justify this? The trust
> of the country wwas placed in their hands and what did they do with
> it? Now the least they can do is try to protect the many that keep
> them well paid and in office.