erniem

Momentum Slows as Traders Tire

Thanks Bill, I decided a couple weeks ago to trim stocks and cut back to my primary dividend stocks last week. I am now anticipating a nice end of summer sell off as the huge jump the market has taken rationalizes.

Review of 9 1/2 Weeks (of the Market)

I pulled out 1/3 of my money last week and am now carrying two short positions.

Wall Street Breakfast: Must-Know News

GM has needed to drop models for decades. Now that it is inches from bankruptcy, it finally does. Good management LOL.

Will the Fed Actually Raise Rates Next Week?

Will they raise? Yes. And many more to come.

Hardball in Vallejo, California

I live in Oakland, not far from Vallejo. That city has been poorly run for decades. Oakland may join her. There are about $750 million in police pension debt here that no one talks about, and a whopping $250 million has apparently disappeared from the city coffers in some amazing financial chicanery that no one will comment on..... I love oakland! ( City council members will say "it is a personnel matter we can not comment on."

Greenspan's Latest: Oil Boom Will Likely 'Go on Forever'

ARMS are wonderful products in a declining interest rate market. In a market where interest rates are at a very low point, they are risky indeed, other than as bridge loans. Those who bought ARMs in the nineties did fine. His suggestion speaks of a lack of knowledge or real world financial strategy.

Market Rallied 3 1/2% in Seven Trading Hours: How Did You Do?

blahblah blah blah blah. MBI and AMBAC are toilet floaters. Once the toilet has been flushed floaters swirl for a while before they go down the tube. Don't mistake swirl for jumping out of the toilet and turning into a daisy.

2 Billion? I would have been impressed at $20 billion. $2 billion is a contrary bet, nothing more.

Too Negative? Guilty As Charged

Herb: You tell it like it is.