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The sheiks think they are clever trying to catch falling safes (Citi) and do a horrible deal with a mandatory convertible. With C in such bad shape, an 11% coupon for 2 years with a forced conversion above current market prices is a raw deal. Just like CFC was smart to sucker in BAC, C was...

Everybody was looking for $100 oil and it seems like CL has topped out at $99. The market is perverse, isn't it? I expect crude oil to go back down now and flush out weak longs down to $80 or so. Long term, I think crude oil is going much higher, but with the US market in a bear, it will...

Short the market. The downtrend is firmly entrenched, and yesterday's rally got rid of the oversold reading.

Looks like a buy program is running, but there is heavy real selling by institutions into the buy program. Totally unpredictable how the last hour will play out, but usually the programs try to have their way even if all of Wall Street is fading that program.

I would recommend using the futures market to trade currencies, rather than spot FX with a bucket shop. Currencies are the hardest market to trade in the world because they are the most liquid. In general, the greater the liquidity, the harder the market is to trade. I think equities...

Somebody has to have subprime exposure, otherwise there is no subprime market. If Lehman is hedged, that means someone else is holding the hot potato.

Oh no, I was get sad there for a moment thinking Spirit would quit and start crying.

I thought it was the New Economy excuse again for stocks like AAPL and RIMM never going down. Everyone lambasted me when I made my long term short call on these names a few weeks back. The Blackberry is a glorified overpriced oversized cellphone

The writing has been on the wall for quite some time, those who still have money at E-Trade are really asking for trouble.

Looks like a short term top due to everyone and his mom calling for $100 oil which means that it wasn't likely to happen soon. I think we see short term weakness as the hot money exits before traders refocus on the fundamentals of increasing demand in the face of stagnant supply. Oil...

Last one out the door gets egg on their face. Really horrible horrible company, that E-trade, ridiculous fees, high commissions, and they use your money to buy subprime mortgage securities to boost return on equity! LOL. They need to go under.

There will be no year end rally. Not from these levels anyway. Maybe if the market goes down 10% from here and then it rallies, 10% from those lower levels, do you call that a year end rally? It is way too gamed already bagholders are lined up with sell orders.

The rug has been pulled under the safe aggressive names, i.e. AAPL, RIMM, GOOG, BIDU. And energy stocks haven't really performed even with oil at $96. There is nothing really working right now except totally defensive names. We are the middle of equity liquidation which is only in the middle...

If you are holding dollars or have to hold dollars because of your holdings, you should think he's a jackass. He's a genius only if you think he's gonna save the economy and housing with interest rate cuts.

What does E-trade offer that other brokers don't offer for you to take any kind of extra risk with them? I would pull my money out ASAP before they go under. The stock is plummetting as I write.

Tradestation gives you 1.1% interest on your cash balance, and that's on the amount over $10,000! It's stone cold thievery, but people are stupid, and will part with all that interest (over $1000 per year on a balance over $30,000. ) compared to money market rates of 4%+ that you get at most...

Actually, with interest rates going up to 10%, the banks would be able to clear off the excesses that were produced by haphazard lending and finally respect credit risk, instead of treating it as something that adds to yield with risk that can be handed off to the "next" guy. So they would be...

Haha, everything can be solved by hedging with futures... LOL. What a solution, everyone fend for themselves, don't ever trust the nation's currency, and only hedge after its readily apparent that the dollar has been devalued and oil has shot up to $95! Craploda for Monday morning quarterback...

Fundamentals aren't changing, people don't know how to handle extremes and thus automatically assume a trend that has gone for a long time will end and reverse soon. That is the surest way to the poor house. There is a reason why the USD has been so weak, just look at who's in charge of the...

Learn from the experience, I think you must have fallen for the Chinese pump and forgot to dump. Remember, when you play hot stocks you have to have a fast trigger finger and get out when the buzz is still around. I know it takes a long time for people to get the hang of it, but just learn...