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  1. M

    The most troubling article I have read in a while...

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aZlQVDJAUgoo&refer=home International demand for long-term U.S. financial assets weakened in October as foreign investors sold American stocks, corporate bonds and agency debt. Total net purchases of long-term equities, notes and bonds...
  2. M

    Passive or Supplemental Income

    It certain does take a lot of time mentoring so in that respect it isn't passive, at least not initially, but I enjoy that aspect and have had a lot of help as well. Ofcourse there have been some disappointments but they pale in comparison I forget them easily. All I can really say is that it...
  3. M

    Is everyone wrong about market response to Madoff?

    Without a doubt, and it is like a domino chain, one investigation leads to another and then another. We will be seeing fraud prosecuted in the next year that will make the Enron MCI era seem positively rife with honesty.
  4. M

    Market Crash soon

    If much of the impetus behind this rally is A performance chasing and B setting the stage for some major tax selling at the end of the year then early Jan could be a dangerous time. Don't think we roll over until at least after options expiration next week but I don't have any position in...
  5. M

    companies that will benefit from the big three going under

    The banks. If the big three go under it will trigger default thresholds in some CDS and will mean hundreds of billions of not trillions for the banks collectively. I think this is in part why there has been so much resistence to the measely $15B that they automakers are asking for and why Dodd...
  6. M

    Passive or Supplemental Income

    Thanks but really no better than the average Joe, I have found that most people given the opportunity, try and do the right thing. I like to think that there are win-win situations all around us and we just need to recognize them and act on them. In trader speak the risks are small and the...
  7. M

    My trade for the next 5 years

    Point is that if the SP doubles and you get your four bagger in the SSO, those in DXO, leveraged commodity plays (not gold) will be enjoying ten baggers. Even if earnings come back, which they won't in 5 years (you do realize that last year earnings were at a record high), the leverage that...
  8. M

    My trade for the next 5 years

    If you are looking for a set it and forget it trade DXO would do far better under your scenario of a SP Bull run, as would a basket of commodities or a leveraged commodity fund. Why do you think that the US would outperform China or a basket of Emerging markets? What would happen to rates in...
  9. M

    Ecuador 1st to default again...

    Correa just gave notice they wouldn't make the interest payment on the basis the debt is immoral. http://seekingalpha.com/article/106615-ecuador-approaches-default http://news.bbc.co.uk/1/hi/business/the_economy/435667.stm
  10. M

    Passive or Supplemental Income

    Invest in good people. For example, I had a housekeeper who despite the fact that she was much smarter than that job did it to the very best of her abilities and show an exemplary work ethic and a indomitable drive to better herself. After 1 year of being our housekeeper I set her up in a...
  11. M

    Jamie Dimon: "JPM Is Having A 'Terrible' Quarter"

    Pretty sure he is a Dem
  12. M

    Lee Iacocca Calls BULLSHIT On America's "Leaders"

    Careful what you wish for.
  13. M

    Lee Iacocca Calls BULLSHIT On America's "Leaders"

    The cult of personality around Obama is getting ridiculous, he is now being hailed as the new Lincoln and he hasn't even done anything yet! I hope he isn't caught up in his image to the point where he wants to just be Mr. Nice Guy, he is only going to be effective if he is willing to piss off a...
  14. M

    whats wrong with me?

    I wouldn't worry too much about the autoworkers, they will get their bailout by the end of Monday.
  15. M

    Madoff says losses of 50 Billion!

    Could he be the patsy? You can cover up a lot of crap with a convenient $50B loss.
  16. M

    Anyone getting short TLT here?

    If you don't want to use futures long TBT might be better
  17. M

    So much for Global Warming

    If we would just focus on the pollution that is killing thousands today and creating massive healthcare expenditure and lower quality of life Global Warming would take care of itself.
  18. M

    Now calling for $1T stimulus...

    any advance on $1T. Do I hear $1.5T, anyone? $2T? http://finance.yahoo.com/tech-ticker/article/143086/Advice-for-Obama-1T-Stimulus-Needed-to-
  19. M

    Things Aren't Bad? Buckle Up. China's Imports AND Exports Dropping Like a Stone

    The decline in imports may not turn out to be as ominous as the data suggests. Look at Irone ore for example., the price China pays is set at annual negotiations (in the past set in April of each year). The price set this past April is substantially higher than the price that Iron Ore is...
  20. M

    What has really happened and why the bailout money has been wasted...

    I thought that the put buyers were certain hedge funds that we have read about in the news (and many more I am sure that we haven't read about) that have made billions from the collapse in RBMS but after reading this piece it could be that the banks themselves stand to potentially do very well...
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