Boom
Appledog
http://www.reuters.com/article/idUSSGE5BS09T20091229
When the capital requirements are removed next week... shit.. this has
been building for quite a while.. I'm honestly suprised the balloon
didn't pop yet.. How much air can it hold.. this is like in
ghostbusters when egon and peter start walking upstairs when the
containment unit gets shut down and the fool environmental guy is
still standing there.. the people that know, they're already long
gone, and you are sitting there laughing at the exit sign...
This isn't a joke.
-
Greendistantstar
It isn't?
Then why am I laughing?
GDS
"Let's roll!"
Appledog
wrote:
http://online.wsj.com/article/BT-CO-20091230-701901.html
Quite simple - because you're laughing... all the way to the bank.
Good job dude. Wish I was in your shoes.
Keep it real
-
trav...@aol.com
>
> - Show quoted text -
Credit bubbles are very good to those who exploit them.
Trav
Greendistantstar
Indeed they are. There's no perfect markets; arbitrage is a legit strategy.
The trick is the timing, and not to panic. The dumbasses who dumped their holdings a year ago lost
plenty. Those who switched out of equities and went to cash say, 18-24 months ago, then re-bought
when the market bottomed have made plenty.
Ollie pressed me hard to give him a stock market tip, so I did, (Macquarie Bank) and had he bought
and sold when I told him to, he would have doubled his money and pocketed some handy dividends to boot.
GDS
"Let's roll!"
trav...@aol.com
>
> The trick is the timing, and not to panic. The dumbasses who dumped their holdings a year ago lost
> plenty. Those who switched out of equities and went to cash say, 18-24 months ago, then re-bought
> when the market bottomed have made plenty.
Those who dumped did not lose. They stayed out and maybe didn't gain,
but they didn't lose.
> Ollie pressed me hard to give him a stock market tip, so I did, (Macquarie Bank) and had he bought
> and sold when I told him to, he would have doubled his money and pocketed some handy dividends to boot.
>
> GDS
Bad tip. You should have found a completely bankrupt issue, such as a
US CREIT. Those had the best performance by far. The more BK an
issue is, the more dilution, the better the rise. I noticed that AUD
household debt climbed again...there are some signs of stress
appearing in the credit markets. Don't be afraid to leave some chips
on the table.
Nobody knows where this rally will end, and it's quite possible that
the Fed is lending to banks so that they can buy index futures.
There's really no fundamental or moneyflow explanation for the rally
since March, as insider sales are going off now at like 82:1 and there
are some divergences showing up and clearer signs of distribution.
That said, it's still a crapshoot.
The US just gave an unlimited backstop to FNM/FRE and has taken over
GMAC. Also, concealed in the recent financial services "reform" bill,
Barney Fag inserted a $4T bailout provision.
Trav
Greendistantstar
>> Indeed they are. There's no perfect markets; arbitrage is a legit strategy.
>>
>> The trick is the timing, and not to panic. The dumbasses who dumped their holdings a year ago lost
>> plenty. Those who switched out of equities and went to cash say, 18-24 months ago, then re-bought
>> when the market bottomed have made plenty.
>
> Those who dumped did not lose. They stayed out and maybe didn't gain,
> but they didn't lose.
Buying high and selling low is losing, unless you have another definition.
>> Ollie pressed me hard to give him a stock market tip, so I did, (Macquarie Bank) and had he bought
>> and sold when I told him to, he would have doubled his money and pocketed some handy dividends to boot.
>>
>> GDS
>
> Bad tip.
Good tip. Buying low and selling high is winning, unless you have another definition.
> You should have found a completely bankrupt issue, such as a
> US CREIT. Those had the best performance by far. The more BK an
> issue is, the more dilution, the better the rise.
Sure, but *quality* stocks that got beat down for no reason other than panic, whose fundamentals
were essentially intact, were a better, low-risk buy than a bankrupt issue.
> I noticed that AUD
> household debt climbed again...there are some signs of stress
> appearing in the credit markets. Don't be afraid to leave some chips
> on the table.
True, and agreed.
> Nobody knows where this rally will end, and it's quite possible that
> the Fed is lending to banks so that they can buy index futures.
> There's really no fundamental or moneyflow explanation for the rally
> since March, as insider sales are going off now at like 82:1 and there
> are some divergences showing up and clearer signs of distribution.
> That said, it's still a crapshoot.
>
> The US just gave an unlimited backstop to FNM/FRE and has taken over
> GMAC. Also, concealed in the recent financial services "reform" bill,
> Barney Fag inserted a $4T bailout provision.
Ole Barney has a plan, eh?
The big shit-storm hasn't hit yet, and exactly when it does is problematic.
There's still a HUGE amount of crap mortgage resets ahead, plus, plus, plus.
GDS
"Let's roll!"
trav...@aol.com
Who said they bought high?
> Good tip. Buying low and selling high is winning, unless you have another definition.
Ok, not as good a tip.
> Sure, but *quality* stocks that got beat down for no reason other than panic, whose fundamentals
> were essentially intact, were a better, low-risk buy than a bankrupt issue.
No...all that matters in hindsight is the scoreboard. The most risky
bankrupt companies turned out to be the best stock market bets. I
agree, insanity, but nonetheless...
> Ole Barney has a plan, eh?
Other than cornholing interns...
> The big shit-storm hasn't hit yet, and exactly when it does is problematic.
>
> There's still a HUGE amount of crap mortgage resets ahead, plus, plus, plus.
>
> GDS
More than that, there is a need for the debtmoney system to grow and
precious little to lend against. I post on zerohedge rather
frequently about this. If you look at major economies, especially
China, there is nothing at all left that's economical. Their recent
projects are prefab'd losses.
People keep expecting interest rates to climb but if they do, forget
shit. There's very little out there that can turn a profit these days
without insane leverage. The economy cannot support the coupon needed
to lend the money into existence to do the projects. You can't lend
at 6% if the profitability of the project is only 5%.
Trav