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This reminds me of Glassman's Dow 35k call a few years back. Yeah, it's that ridiculous despite the narrower spread. Of course it will happen - it is not going to happen by the end of this year.

F_ck this market (TM) Go short. It's the surest way to generate profits.

What a great article. This guy is to be commended. Also, if you have not read "The Creature From Jekyll Island," run, don't walk, and get a copy of it - if you can handle the discomfort associated with knowing the truth about the matrix you're living in from a book that they never saw coming...

Is that really his email response? Or is this a hoax?

It depends. Now that the fed reserve accomplished their goal of stabilizing the panic the ensued that weekend, if JPM dropped out, and if the politics ensnaring this thing kept the fed from offering a 30 bln lifeline to anyone else, as they did with JPM, anything is possible.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=121965&perpage=6&pagenumber=5

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Right. Headline should actually be Nomura gets rattled. Bloomberg is usually spot on, but I should have modified it anyways w/in the window. Anyways, it does look like the Lehman issues shall ensnare us tomorrow again.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOlSl6.1C6uw&refer=home Excerpt: Nomura Holdings Inc., Japan's largest brokerage, led securities companies lower after speculation about a funding shortage at Lehman Brothers Holdings Inc. drove its stock down in New York. Mitsubishi...

Agreed - wait for the bounce so longs can recapture 10 to 20%, then short at will.

Hydro, I'm really not into egos and arguing. I do know how to read a balance sheet. CC does have roughly $2.68 in cash on hand per share. I am a disciple of Graham, so I know for a fact that CC is now trading for less than book value. CC has no debt. None. And they have access to a...

Bingo. And with $2.68 of cash per share on hand, as in not only NO debt, but a cash value of $2.68 (never mind accounts receivables, real estate, tangibles, intangibles), they are a perfect takeout target. If Icahn can turn around distressed, indebted companies, CC represents a unique...

I hate having to repeat facts. They have 12 billion in revenue annually. Is that a revenue problem to you? Electronics are the only retail segment I like. Schnoover will be gone soon. Bank on it. My trade is open and obvious. Put your money where your mouth is and short CC.

That's one reason why I despise the fed. For all the talk of free markets, it's all one, big, giant sick joke. All the fed does is trick people into thinking they have real power to do something to stem the bloodshed, which delays the inevitable, and in turn, wreaks havoc with options'...

Okay, I'm in. You guys enticed me. I'm going to watch the live stream and pick an entry point (the best I think I can get intraday). I'll put my position up at entry and let you guys know size and price. That way, I'm locked in whether I win or lose. I usually don't talk about trades...

I don't think citi will fall as hard but who knows?

I meant to say "I almost" shorted, not "always shorted," on Friday, mav. If only. It would have been nice to pick those 1.85s up. I think I'll go in on this mav. Thanks for reminding me - I am just wondering if we'll see any intraday bounce here b/c it's down really hard from the open.

mak, I was going to reply, but then noticed gkishot's answer, and I can't say it any better than that. Cheers.

Broken spine. I almost shorted this mofo on Friday when I straddled BSC. Sonofabitch. I hate it when I don't listen to my instinct. edit - almost, not always.

Dennis Neal is that really annoying guy at the table next to you in a restaurant, speaking rally loudly and laughing loudly, while half standing and sitting. 'Look at me! I'm an attention whore!' I hate that guy.