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Northern Dancer

Northern Dancer
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  • Geithner Just Doesn't Understand [View article]
    He couldn't sell his house because he didn't know how to evaluate it. He only knows what he paid for it and he's basing his judgement of its worth on that. He didn't realize that if the market is flooded with homes, the value of all of them decreases. Kind of scary when you realize that Timmy doesn't understand how markets work.
    Jan 17, 2010. 01:39 PM | 9 Likes Like |Link to Comment
  • Geithner Just Doesn't Understand [View article]
    He's the perfect fall guy. He's being made out to be the ultimate criminal when in fact it's Paulson and others, and the dark overlords these thieves bow to. And you'd better believe they'll sacrifice Timmy for the "good of the cause" when the time is right.
    Jan 17, 2010. 10:10 AM | 7 Likes Like |Link to Comment
  • Jobs Number Will Have to Be Major Disappointment to Derail Rally [View article]
    "better not to play at all"

    If the insiders aren't careful, they'll soon be playing with themselves. In fact, to a great extent that's how this phony rally has gone as far as it has. But the retail investor, those who have the luxury of time to watch their own investments, are getting so sick and tired of the games that I suspect many are already on the sidelines. And they won't be coming back to the game until GS and their ilk allow the market to at least "react", at least relax for a few days, at least show any common sense by correcting off some of this irrational exuberance and ridiculous multiples.

    The stock market isn't worth anywhere near these prices and as long as the minions of the Fed keep pushing it to more and more ridiculous levels, who are they going to sell to when they want out? Nobody, because their counterparties to those future stock sales have left the room. Screw them.

    The investors who are going to be hit the worst when the market tanks due to lack of buyers will be the innocent who have their pensions locked up in "managed accounts" and hedge funds where they're trusting their money managers to "do the right thing". The right thing would be to pull all that damned money out of the market and place it into very short term treasuries, and keep it there and keep revolving it as long as necessary... until the banksters are taken out behind the barn and dealt with, figuratively speaking. The employment numbers were terrible. The market didn't budge. Unbelievably, it's still being propped up in spite of a plethora of signs out there showing all too clearly that the road ahead is very, very nasty. So it's clear, the manipulation continues. The market should have reacted with at least a 1% correction, if not a 15% correction. But they're horrified to even allow 1%, so here we sit, game still on. Do you know what? They've gone mad.

    So you're right, the time is definitely here when it's better not to play at all.
    Jan 8, 2010. 10:54 AM | 1 Like Like |Link to Comment
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