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Agree we are in a bear market now. I have a reasonable technical target of 1315 on the S&P which would be a mild 16.5% correction from the top. Bottom line is cheap money created the bull market and the bill is due!

December 10, 2007 10:53 a.m. EST TAKING STOCK Pay No Attention To The Man Behind The Curtain By SPENCER JAKAB A Dow Jones Newswires Column NEW YORK -- No wonder some call it the Federal Open Mouth Committee. After almost two weeks of jawboning about Tuesday's rate...

On drudge today- http://www.reuters.com/article/healthNews/idUSSP21628720071207?feedType=RSS&feedName=healthNews&rpc=22&sp=true

http://www.telegraph.co.uk/opinion/main.jhtml;jsessionid=M3E3N5KM0DCMHQFIQMGSFFOAVCBQWIV0?xml=/opinion/2007/12/07/do0701.xml Larry Kudlow and the rest of you Goldilocks Economy gurus-

I was in the natgas pit, we had a guy that worked for us that was an artist as well, he could sculpt anything. One day he took some order tickets, glue, string and a rubber band and made what looked exactly like the back half of a gerbal, feet tail and all. We put some tape on it and stuck it...

what you and the article are missing is the reason why we had "growth" after 9-11, free money credit expansion and a rocket launch housing market. Now look at housing and the fallout. Read this since I read yours- http://www.investorsinsight.com/otb_va_print.aspx?EditionID=623

How's it going stock trad3r? I knew you couldn't stay away!

ARE THESE GUYS FUCKING SERIOUS??? YOU'VE GOT TO BE KIDDING ME!! These guys have not done anything, it is an empty speech. The only thing I gathered from it was the level of nervousness these guys have. There was no definative action in that speech. SOLD!!!

Which means that the inventory will stay high/get higher for some time to come.

They are not rewarding the idiots, that just happens to be a side effect. The reason this is happening is that the whole financial system is teetering on collapse, and the fed is scared shitless thus pulling out all stops.

Bot 25 Plum Creek Timber (PCL) $45 May 2008 Puts (PCLQI) $3.00

1530's is my target (ES)

Knee jerk higher for sure. However, this bailout will not create a new round of growth, and the fallout from debt will continue for several more quarters before it finds anything resembling a bottom. So ultimately, this would provide the underlying support for the santa rally. I still hold...

http://www.investorsinsight.com/otb_va_print.aspx?EditionID=623

From the vault- The Clash <object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/576x7KIKjGw&rel=1"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/576x7KIKjGw&rel=1" type="application/x-shockwave-flash"...

What it's like being on the "other side".

Bot 25 GM (General Motors) $20 Mar 2008 Puts (GMOD) $0.83 Bot 25 GM (General Motors) $20 Jan 2009 Puts (VGNMD) $2.80 It is unfortunate, but at this point GM's best option looks like restructuring under bankruptcy. I don't usually buy options out of the money, in this case I am playing...

They get famous and start a new fund. Don't you get it by now? People that are fuck-ups get rewarded by wall street. There is a long list of 10 time losers that keep getting money from people.