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  • Global Markets in Review: Despite Cheer, Risky Assets Look Weary  [View article]
    Doug Kass from The said it best:

    The authorities have created a sugar high for speculation, with a Federal Reserve that has maintained interest rates so low that there is no return on savings and with an Administration that promises to provide stimulus until it manufactures economic growth. My view is that investors will shortly see through the current sugar high and the better-than-expected earnings cycle and will begin to look over the valley at the chronic and secular issues that have emerged from the past cycle and from policy decisions aimed at returning the domestic economy toward self-sustaining growth.
    Aug 30, 2009. 04:28 PM | 1 Like Like |Link to Comment
  • Sentiment Overview: Mixed Signals  [View article]
    There will be a change in sentiment once this feeling of euphoria dwindles. Continued pain in the real estate section, and in the consumer debt side of things. It is on the cusp of this market rolling. Without the consumer, and with years of de-leveraging ahead of us, it will be hard to sustain this rally. No, the correction in my view will be W-shaped, not like the current 'V'.
    Aug 30, 2009. 02:57 PM | 5 Likes Like |Link to Comment
  • A Historical Perspective on U.S. Debt Growth  [View article]
    I agree with this article whole-heartedly. The US debt is getting slightly out of control. The market is suffering from a sugar-high, and we all know what happens there. We'll retrace 8500-8200 on the Dow going into the Fall, then we'll start the steady grind higher.
    Aug 30, 2009. 02:18 PM | 3 Likes Like |Link to Comment
  • Pace of Insider Sales Continues to Escalate  [View article]
    There will definitely be a correction. I've been bearish for a couple weeks. I used to trade distressed debt at Lehman Brothers. This market is going to roll any day now.
    Aug 30, 2009. 02:13 PM | 3 Likes Like |Link to Comment
  • Where Are We in This Rally's Lifecycle?  [View article]
    This will not be a V-shaped recovery. It's a W, and right now, we're halfway, on the brink of rolling back to 8,200 on the Dow. SRS, BAC puts, short DRI. Lighten up on stocks. Sell some upside calls.
    Aug 30, 2009. 02:10 PM | 3 Likes Like |Link to Comment
  • S&P 500 Stocks with the Highest Short Interest  [View article]
    The short interest in C is dangerous. Never short a stock under $5. That was a rule of mine at Lehman Brothers. Too much downside risk.
    Aug 30, 2009. 02:06 PM | 3 Likes Like |Link to Comment