I agree I think this rally is a bit long in the tooth. However as a short seller the BBY earnings and RIMM earnings make you wonder if the worst is over.
Roubini: "Dear investors, do enjoy this dead cat bounce and bear market sucker’s rally..." but, "don’t wait too long until you jump ship while the financial Titanic hits the next financial iceberg; you may get squeezed and crushed in the rush to the lifeboats." [View news story]
I read the entire article Roubini posted and he makes a lot of sense. We just popped the largest global credit bubble in history. any recovery is will far out in the future if we even get one.
On Mar 16 11:32 AM Denis Ouellet wrote:
> Professor Roubini is long on words and short on facts in this very > long epistle. Look at my post today for the facts that Roubini has > conveniently ignored or minimized: > www.news-to-use.com/20... >
Is the War Against Systemic Risk Being Lost? [View article]
Systemic Risk is very much on the table right now. IE plunging equity prices. The CDS spreads regarding BRK and GE is ample evidence. A chain reaction of debt defaults is immanent. If you cant see the time bomb of Defaults coming in 2009 that will crater the financial system you are BLIND. If we make it to the summer I will surprised.
People need to understand the financial system is permanently DAMAGED! Its being allowed to slowly implode by the masters of the universe THE FEDERAL RESERVE. You still have time to sell stocks and get short and make money here. Don't be a fool! This is black and white. Depression and Deflation are better than 75% chance. While I am an eternal optimist the facts speak so loudly that I have to be a realist. were toast! For more in depth analysis go to chrismartenson.com and watch the Crash course. It will enlighten you and give you confidence to stay short the market. positions QID AMZN IYR all shorts and 1 long RJI commodities index
That problem is there is more debt in the system than the ability to pay. Remember if new credit is not being created to feed the huge appetite of the debt payments and interest in the system guess what? MASSIVE DEFAULTS EVERYWHERE Chain reactions are coming to a company/person near you. that means earnings in the stock market are going a lot lower. Collapse is immanent. Its a mathmatical certainty. Have confidence in shorting the market long term
Bearishness at 20 Year High: Big Bounce in the Waiting? [View article]
If your looking at oversold conditions to make your move your crazy! The market is going down to support levels in the LOW 600s on the S&P. your far better of shorting the market and taking advantage of the downside
Market Summary: Good Riddance to the Worst February on Record [View article]
The fact that there is more debt in the system than the ability to pay is problematic. The fact that no new money is getting to people in the system in order to pay those debts is signaling lower stock prices as well as massive defaults in 2009
Dennis Gartman Is Long on Cheap Retail, Short on Malls [View article]
Dennis Gartman said this a month ago. "yes, we have relatively large amounts of debt, but you can go back to the recession of 1974; you can go back to 1980-81; you can go back to the recession of 1907, and you will see the same arguments—that the world is too debt-laden. And the same arguments, the same language, the same verbiage was always written in exactly the same circumstances. Guess what? We moved on. This time might be different, but I’ll bet that it won’t be.
I Dont trust him! He has a fundamental misunderstanding our predicament. Systemic Risk as a result of Too Much Debt that cannot be repaid is our problem it will cause massive defaults and serious deflation. Sell
Say what you want about the man. He understands the ecomomy and his forecasts are dead on. Too many people just don't understand. The entire global economy was one big bubble and its bursting as we speak. Yet Bernake says nothing about it. who are you going to follow? Roubini is the MAN.
All this technical analysis is great in the short short term however the fundamentals look horrible going forward. I am looking to get short again on this rally somewhere. It wont hold
Wow you really are clueless! I suggest you get educated by Nouriel Roubini. Your assumptions are laughable. You really have no idea what is going on. let me help you. THIS IS THE PROBLEM
We have now reached the stage where the banker's charade of paper money and debt can no longer expand fast enough to even minimally service the debts it has created.
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Latest | Highest ratedTime for the Market Fizzle? [View article]
Simon Says - Or, Why It's Hard to Give Economy Lessons on Comedy Central [View article]
On Mar 20 10:17 PM Gardener wrote:
> Why is this on SA?
Roubini: "Dear investors, do enjoy this dead cat bounce and bear market sucker’s rally..." but, "don’t wait too long until you jump ship while the financial Titanic hits the next financial iceberg; you may get squeezed and crushed in the rush to the lifeboats." [View news story]
On Mar 16 11:32 AM Denis Ouellet wrote:
> Professor Roubini is long on words and short on facts in this very
> long epistle. Look at my post today for the facts that Roubini has
> conveniently ignored or minimized:
> www.news-to-use.com/20...
>
More on Roubini and Shiller's Dour Outlook [View article]
Is the War Against Systemic Risk Being Lost? [View article]
People need to understand the financial system is permanently DAMAGED! Its being allowed to slowly implode by the masters of the universe THE FEDERAL RESERVE. You still have time to sell stocks and get short and make money here. Don't be a fool! This is black and white. Depression and Deflation are better than 75% chance. While I am an eternal optimist the facts speak so loudly that I have to be a realist. were toast! For more in depth analysis go to chrismartenson.com and watch the Crash course. It will enlighten you and give you confidence to stay short the market. positions QID AMZN IYR all shorts and 1 long RJI commodities index
The Bear Market Takes a Breather [View article]
The Bane of Broken Balance Sheets [View article]
Top Strategists Still Expecting a 46% Gain from Here [View article]
Bearishness at 20 Year High: Big Bounce in the Waiting? [View article]
Market Summary: Good Riddance to the Worst February on Record [View article]
Dennis Gartman Is Long on Cheap Retail, Short on Malls [View article]
"yes, we have relatively large amounts of debt, but you can go back to the recession of 1974; you can go back to 1980-81; you can go back to the recession of 1907, and you will see the same arguments—that the world is too debt-laden. And the same arguments, the same language, the same verbiage was always written in exactly the same circumstances. Guess what? We moved on. This time might be different, but I’ll bet that it won’t be.
I Dont trust him! He has a fundamental misunderstanding our predicament. Systemic Risk as a result of Too Much Debt that cannot be repaid is our problem it will cause massive defaults and serious deflation. Sell
Dr. Doom Responds on Wells Fargo [View article]
S&P Lowers Insurers Ratings, What About Banks' $400B CMBS Losses? [View article]
The Market Is Not Your Friend [View article]
Four Reasons Peter Schiff Is Wrong [View article]
We have now reached the stage where the banker's charade of paper money and debt can no longer expand fast enough to even minimally service the debts it has created.