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  1. M

    Barton Biggs Says . . .

    Who's guessing? His fund was down ~22% for 2008 through September. Not as bad as his horrendous calls ('melt up') could have indicated. http://www.elitetrader.com/vb/attachment.php?s=&postid=2129475
  2. M

    OIH and Drillers

    How's that SMH long doing that you were buying in September in the $25s? Averaging down? Waiting patiently? Averaging into losing positions is not a trading edge.
  3. M

    SuperGenius Jimmy Rogers on the NEW bailout.

    What about all (not just financial) companies that rely on short term financing via the commercial paper market (which came to a stand still)? Unemployment to 15% is one thing (bad enough, but we'd survive), LIBOR to 15% another (apocalypse). Without a working commercial paper market you'd...
  4. M

    SuperGenius Jimmy Rogers on the NEW bailout.

    Videolink to Bloomberg TV here http://www.elitetrader.com/vb/showthread.php?s=&threadid=143735 Enjoy :cool:
  5. M

    SuperGenius Jimmy Rogers on the NEW bailout.

    I didn't know Jimmy had a new book coming out? :cool:
  6. M

    SuperGenius Jimmy Rogers on the NEW bailout.

    Anybody notice how Rogers and his old 'pal' George Soros (who incidentally made billions in the markets after Rogers left, yet Quantum is still Rogers biggest claim to fame) has an opinion completely contrary to what Jimmy is spouting off? Rogers opposes all bailouts. "Let them all fail, it's...
  7. M

    *****Peter Schiff vs the other FOOLS*****

    I read that Schiff charges his clients between 2-3% PER TRADE. Granted, most are long term investments and they don't turn over the portfolio much. Still, for buying a bunch of foreign gold mines, shipping companies and Canadian Royalty Trusts that's a total rip off. Why pay somebody any kind...
  8. M

    SuperGenius Jimmy Rogers on the NEW bailout.

    Are you kidding me? Commodities are in one of the worst historic bear markets and Rogers is talking like this was just some minor correction before "the big surge". He's just guessing. How would he know if the "commodity super cycle" will last 2018? Is this written in stone somewhere? For all we...
  9. M

    U.S. Doesn't Need To Save Flawed Fin'l Institutions or Massive Gov't Spending

    The US needs a working banking system to further employment or no? Case closed.
  10. M

    Barton Biggs Says . . .

    Barton made some great calls in the past but he was completely overwhelmed in this one. Had it wrong since fall 2007. I think his fund though did nowhere as horrendous as his calls were indicating :cool:
  11. M

    This market will only go higher

    Problem is, even if the SPX goes back to 1500 you will still be underwater with your 'old leaders/momentum' names. GOOG, RIMM, MOS, etc. All this junk got trashed 60, 70 or 80% and likely won't see new highs for a very very very long time... if ever. Old leaders won't be new leaders. We will...
  12. M

    Hedge Funds May Sell $200 Billion More of Assets, Survey Finds

    Plus don't forget that virtually every equity hedge fund (maybe a few big unleveraged activist funds are an exception here) has long and short equity positions, yet only the long positions get reported to the SEC. This confuses the dumbass journalists that write those ridiculous articles. No...
  13. M

    Anybody else short US 30 Bond

    They could rename it to "JGB #2" then :cool:
  14. M

    cannot believe that buffet sold a complex option ...

    Of course it's OVER the counter. My bad.
  15. M

    Citigroup cuts S&P 500 targets for 2008 to 850...

    Once they drop C from the SP500 it will probably help SP500 earnings big time :cool:
  16. M

    Citigroup rescue bringing hope to global investors, HAHAHA

    S2007S is a prominent members of a certain clique of posters on ET that talk a lot but don't trade at all. Papertraders with big predictions, big opinions but no actual trading account.
  17. M

    The ultimate carry trade

    JRE: Japan REIT Investors Get Dedicated ETF On Monday, September 8, Northern Trust Global Investments, the asset management arm of Northern Trust Corp., launched the NETS Tokyo Stock Exchange REIT Index Fund (JRE). The fund is "the first dedicated ETF to be based on the Tokyo Stock Exchange...
  18. M

    cannot believe that buffet sold a complex option ...

    Where do you gather that from? From what I understand there is a explicit "off the counter" contract between the seller (BRK) and the buyer (whatever institution).
  19. M

    The Credit Crisis Financial Stocks Short Journal

    Hmmm there were multiple rallies ranging from between 20-50%, all within an overall bear market context
  20. M

    After hours spike on Gold

    After hours? It's 11 AM in Europe and yes, they're trading gold.
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