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That is what they said about my prediction in march regarding the dow 10K break :)

Everyone thought I was out of my mind when I predicted dow breaking 10K a few months ago. My next prediction. Severe Euro destabilization. I would not be surprised if you see Germany etc.. secede from the Euro and go back to national currency. It will be a domino effect. EU will squabble...

Someone I know works at a well known entity is telling me that they have never seen so many redemption calls per day. This is why you are seeing this extended and long drawdown. I asked him who? And he told me the majority are people in their late 50's. At this burnrate you should see dow...

If I see Fuld I would shake his hand. He made me a lot of money but I suspect he might try to punch me :)

WOW! she sounds so much smarter than in the debates. You might be on to something.

Bush and his arabs.

http://www.cnbc.com/id/27053854 "We believe that the Federal Reserve must now act as a clearing house, guaranteeing that institutional transactions clear (and investors receive) their Big Macs at the second window," Gross wrote. "They must also take another bold step: outright purchases of...

Not a peep from the longs, I hear crickets. Chirp Chirp Chirp Chirp.

So how do you like your crow??

Time to eat crow folks. BOOOYAA HAHAHAHAH

Funny, I mentioned dow 10K months ago and everyone though I was insane.

Playbook. Monday - Bear Tuesday - Bear Wednesday - Bear Thursday - Bear Friday - Bear Sat - Beer Sun -Beer Monday - Bear Tuesday - Bear Wednesday - Bear Thursday - Bear Friday - Bear Sat - Beer Sun - Beer Monday - Bear Tuesday - Bear Wednesday - Bear Thursday -...

You obviosly trade without putting any thought in what you do. How can you be bullish with a record TED spread and a frozen CP market? With increasing costs of credit which seem to happen quicker than you can blink you cannot trust the numbers on those balance sheets.

10K With a TED over 380 I see 10K next week. Next month 9800 will not surprise me one bit. Unless we can re-ignite the CP market and spreads keep getting wider we will see a major deflation in the markets.

heheh, yeah today was a good day.

Margin call cascade :) I saw some crazy volume and block trades going on, and sell imbalances as well.

So far I am averaging 635 a day trading (up days/down days averaged) For about 6 hours of work. I am very conservative with my work. I do not gamble, hedge any positions that might be a bit riskier and I will take my haircut quickly if I need to. If I take a loss I stop trading for the day...

Well CP market still drier that a 90 year old womans snatch. Wasted money.

I always keep a large cash position as a cushion during rocky periods when I take short positions. But cash is king now as well, due to the big deflation.

Wow that worked out well. Like I said in the past. Bankers will engorge themselves with taxpayer money and refuse to lend or buy commercial paper. Wooops!!! Shorted on the sucker spike :)