Wednesday, September 17, 2008
Tuesday, September 16, 2008
A Man Worthy Of A Shout Out and A Cigar
Fellow readers, do yourself a favor and check out my dear pal UPSIDETRADER. A man who has been around awhile and understand the trading game.
He has been spot on with those financials and is a MAN ON FIRE!
He has been spot on with those financials and is a MAN ON FIRE!
Monday, September 15, 2008
Pulling An All Nighter With All This Breaking News
just like in my college years. Truly very fascinating times and this is just incredible. Every day i learn more and more about what i don't know. The complexity of this debacle makes me think what's around the corner??????????????? So much that we do not know, can unfold and accelerate so fast that even sleep is not an option.
Sunday, September 14, 2008
The Day the Brokers Died...
An email i got from a friend: not exactly sure where he got it:
These firms survived the Great Depression, World War II, numerous
recessions and oil shocks. They survived Black Monday, LTCM, the
Russian Ruble Crisis, the bursting of the Tech & Internet bubble,
and 911.
But in the end, they couldn't survive Alan Greenspan.
Greenspan should go down in history as literally, a historic weapon
of mass economic destruction.
He was both the chief architect, and enabler of this entire crisis,
and he should be crucified.... figuratively, if not literally. And his
name should live forever in infamy.
Bear Stearns taken under.
Fannie & Freddie bailed out.
Lehman Brothers bankrupt.
Merrill Lynch shotgun married to Bank of America.
Morgan Stanley & Goldman Sachs being told to find a partner -- now.
AIG begging the Fed for help.
The Fed's entire balance sheet now at risk.
Global markets selling off.
The US Banking system looking into the abyss.
And the global derivatives market now looking like a multi-trillion dollar game
of pick up stix - being played in the dark.
Second only to Greenspan in guilt, are the executives of these firms that
sucked billions of dollars out of the system via obscene salaries, bonuses,
and stock options...while using unprecedented, and reckless levels of
leveraged risk.
At what point does the American taxpayer say -- enough?
And where will he find justice?
Why aren't Jimmy Cayne, and Dick Fuld sitting next to Dennis Kozlowski,
and Jeff Skilling in prison?
And why shouldn't Alan Greenspan be indicted as a War Criminal for unleashing
Weapons of Mass Economic destruction upon the American people?
-- how many now homeless?
-- how many now bankrupt?
-- how many now jobless?
-- how many now pensionless?
-- how many now penniless?
Concerning Greenspan... I'd agree that he's too old for jail.
I think the people of Italy had the right idea with Mussolini ....
Let him swing from a street lamp for a day, or two outside Wall & Main,
and then give the Maestro his just dues via a ticker tape parade by, of and
for the people, while being pulled through the streets of New York at
the end of a rope.
Do that... and maybe, just maybe... these greedy bastards will get the
message for another 40 years.
These firms survived the Great Depression, World War II, numerous
recessions and oil shocks. They survived Black Monday, LTCM, the
Russian Ruble Crisis, the bursting of the Tech & Internet bubble,
and 911.
But in the end, they couldn't survive Alan Greenspan.
Greenspan should go down in history as literally, a historic weapon
of mass economic destruction.
He was both the chief architect, and enabler of this entire crisis,
and he should be crucified.... figuratively, if not literally. And his
name should live forever in infamy.
Bear Stearns taken under.
Fannie & Freddie bailed out.
Lehman Brothers bankrupt.
Merrill Lynch shotgun married to Bank of America.
Morgan Stanley & Goldman Sachs being told to find a partner -- now.
AIG begging the Fed for help.
The Fed's entire balance sheet now at risk.
Global markets selling off.
The US Banking system looking into the abyss.
And the global derivatives market now looking like a multi-trillion dollar game
of pick up stix - being played in the dark.
Second only to Greenspan in guilt, are the executives of these firms that
sucked billions of dollars out of the system via obscene salaries, bonuses,
and stock options...while using unprecedented, and reckless levels of
leveraged risk.
At what point does the American taxpayer say -- enough?
And where will he find justice?
Why aren't Jimmy Cayne, and Dick Fuld sitting next to Dennis Kozlowski,
and Jeff Skilling in prison?
And why shouldn't Alan Greenspan be indicted as a War Criminal for unleashing
Weapons of Mass Economic destruction upon the American people?
-- how many now homeless?
-- how many now bankrupt?
-- how many now jobless?
-- how many now pensionless?
-- how many now penniless?
Concerning Greenspan... I'd agree that he's too old for jail.
I think the people of Italy had the right idea with Mussolini ....
Let him swing from a street lamp for a day, or two outside Wall & Main,
and then give the Maestro his just dues via a ticker tape parade by, of and
for the people, while being pulled through the streets of New York at
the end of a rope.
Do that... and maybe, just maybe... these greedy bastards will get the
message for another 40 years.
Thursday, September 11, 2008
Mini Capitulation This Morning: Felt Like It Anyway
Covered my shorts this morning and back to cash and i believe we could head higher in the days to come.
Wednesday, September 10, 2008
Tuesday, September 9, 2008
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