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from 3 to 3:30 eastern on Monday, a magical rally took it from -150 to +50, out of nowhere with the BKX on the dive. only to roll over... Asia ain't buying it.

the last chapter for fnm, fre and slm is Chapter 7. any other institution would have been auctioned long ago.

after Ford and GM go broke, her world tour will be our only export http://www.youtube.com/watch?v=tkh0oSmw1TY

oopps, I forgot, the core rate is only 2,000,000 percent but they expect inflation to moderate over time.

the Fed. release was after the close and before a 3 day holiday. amazing that the Fed. assigned a value to something that has no bid.

inflation is running at 9,000,000 percent. they better raise rates

devaluation and it's consequences.. you're being defrauded out of your future saving and standard of living death by a thousand cuts

curious that he gave the speech in London as the ECB is set to shove the dollar over the side.tomorrow

I suppose one could crawl into a bunker with 5 tons of Twinkies, 100 pounds of gold and a .45 auto and some drinking water. if one must

I chose to put some assets in GLD, with the idea that the ETF won't call me up at 2 AM to bitch about a stopped up toilet. and I can write calls against the position for more income

how hideous does it get? well fairly http://www.financialsense.com/Market/wrapup.htm dated 7/1/2008 if it gets archived

cash is being devalued at a rate far greater than posted CPI, but you knew that. the stock market is acting like the market of August '87, but took until October to crack and then retested in Nov. but inflation is far worse now Dow 8000 is here if you discount devaluation based on...

missed the low close but it had a chance

I believe so too.. Paulson and the forces within really need to put a halt to 200 dollar talk. DIG volume was swamped by DUG volume today

crude has an outside day down

operating on the theory that crude was painted to 140 due to the EOQ. 130 next stop

I visited Taleb's site and it is organized (predictably) like my professor's offices of years past.. where there was fear of physical harm by the potential avalanche of stacks of unread papers and journals piled to the ceiling. http://www.fooledbyrandomness.com/

will do

may not be a black swan to you (us), but it is a black swan to the 99.99% of the public that has no idea what a CDS is

a trillion dollars in outstanding GM CDSs on 250 billion in GM paper. and GM is down to 8 billion in market cap. there's a swan fer ya without looking too hard