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Harvest Energy Trust (HTE). Its a trust, not a common stock, so its not exactly an apples to apples comparison. Still its yielding nearly 40%! At its current price, its discounting less than $20 oil. Buy it. Join their dividend reinvestment program. Go to sleep for 10 years. Wake up and...

WTF! Are you kidding? I'm not commenting on what Buffet is doing, but saying that 73-74 is worse than now is just ignorant. Remember key differences ... there was a lot of room between Fed Funds and zero in the mid-70s, there is very little now. The government and the populace was not...

The moves of these guys makes perfect sense. They've worth billions, why not protect yourself, your family, and your investors. You can always get back in. Reminds me of a line from Tony Saliba ... "what if you've got all the chips and they shut down the game"

Maybe, maybe not. My guess is McClendon's sales are what was driving down the price. Sell the rumor, buy the news. Look for CHK to outperform on Monday (I won't say go up, because the market might crumble around it!).

There will be currency controls in the US imposed by the next administration. Additionally, private ownership of gold will be made illegal again.

Fade any rally from the suspension of mark to mark. LOL at thinking that changing an accounting rule can alter what is going on here.

Explain this to an American ... What will you guys do when your currency goes to zero - which is where it is rapidly heading.:eek:

The Fed has done enough of the lifting. If anyone needs to cut, and cut hard, its the ECB and the BOE.

Reminds me of John Rockerfeller's quote in the midst of the stock market crash of the late 20's and early 30's ... "my sons and I are buying common stocks"

Wouldn't Citi (or anybody else) want to buy WB for cheap because they could then unload all the crappy assets on Paulson for way more than they're worth? Isn't this why JPM purchased WAMU and JPM's stock price went up 20%?

They need a new ending where they will now sell the worst of the worst paper to the Treasury for an inflated price and get to keep their Greenwich castles, NYC townhouses, and Hamptons estates.

$ with a big reversal overnight and is now up against all currencies except the yen and the swiss.

The feds are pushing hard on BAC to make this deal. However, if the BS meter rings loud enough, BAC's stock will crater and they will be unable to close the deal.

I don't think there is any doubt that Paulson and Bernanke are behind this. My hat is off to them - this will certainly neutralize the LEH bankruptcy and make it more likely that Monday is a wash or melt up instead of a certain melt-down. ... Well played sirs.

Wouldn't shock me in the slightest. There is a reason folks go broke in bear markets. How many "bottom is in" type rallies have we seen in the past year - drawing in the buyers - only to witness even more carnage days or weeks later.

I thought Bear Stearns marked the bottom?:confused:

In Sunday afternoon trading (its Sunday afternoon where I am!), the $ has fallen nicely against the Euro, Swiss, and Yen, just marginally against Cable.

That's kind of an old wive's tale. Plenty of folks were talking about a crash and a major financial crisis in 87 and 29 and plenty were short. We're already in the major financial crisis. One scenario is that the market knows the news and is fine with it. The other is that one morning...

It just feels like something needs to pop in the equity averages. The moves that we've been seeing in commodities, currencies, metals, energy, and individual stocks are mind-boggling. Look at the British Pound (to site one example, there are a dozen others). It drops 25 big numbers in a...

Pound has A LOT more to fall. The BOE stood pat last week and cable still fell. At some point, the BOE is going to wave the white flag and really start to cut rates. I expect we'll see a 1.50 handle within the next 12 months.