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For anyone interested in some comedy, read Hendry's cocky recollection of the Hungarian situation. Enjoy :cool:

I think Hendrys hedge fund is really small (< $250m USD). He's small fry, but then again, this gives him the chance to mouth off and present controversial opinions because he doesn't have to protect a good reputation or brown nose his institutional clients :cool:

Not sure if the US government is tethering on insolvency, but I guess it's all relative

Nationalizing would be doing them a favor. Their officers ought to be court-martialed and then shot in the necks.

Wow that's interesting. Browsing through ET I thought the only products Americans are stocking up on these days are safes, warm blankets, canned soups and shotgun shells :cool:

No need for two brokers or an fx broker. Simply get an account with Interactive Brokers, then you can either a) use EUR as your base currency, then buy US denominated stocks/etfs etc. (http://www.interactivebrokers.com/en/p.php?f=accountConfig&ib_entity=llc - click base currency) b) use USD...

No Buffet didn't see it coming, that's true. But get this: He doesn't have to. Buffet didn't see many things coming in the last 40 years, he made many mistakes (read his annual shareholder letters, he recounts many of them unlike others who only mention their calls that turned out to be...

Sometimes I have to double check I didn't end up at "eliteinvesting.com" :cool:

When the SP500 gained 50 points from 100 to 150 in the 80s you think that carries the same 'weight' as the 50 point gain from 1500 to 1550 in 2000? Not using a log chart distorts the picture on a financial time series.

What was the 'major' bank? You don't mean DSL with a market cap of $5m I hope?

Client whining to Schiff about losing him $500k. Schiff's message: "STAY THE COURSE! IT WILL REBOUND!" :cool: <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/9kW64YYcUso&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param...

This is advice for mom and pop buy-and-hold investors or for TRADERS?

WHO SAID ALL IS WELL YOU MORON?????????????????????????

It wouldn't be out of the ordinary to see 30, 40 or even 50% rallies along the way without violating the underlying bearmarket downtrend:

I hope Tim "Oh nothing is gonna happen, brokers have failed before" Geitner learned his lesson from letting LEH blow up

Seven ...Hundred... Billion... DOLLARS!!!!

Looks like a true psycho

A couple of his ideas for the next 12-18 months: - long GBL (German Bunds). He thinks yields wills go from ~4% to 2.5% within 18 months. - short EURUSD. He "wouldn't rule out parity once this is all over". - short GS/C to 0 (If I understand him right he means all big banks/financials in the...

10 year US treasuries yielding almost the same as 10y TIPs, factoring in an annualized -0.04% of CPI deflation over the next 10 years :cool: http://www.bloomberg.com/apps/quote?ticker=USGGBE10%3AIND

Didn't LEH also "consider all strategic options" like one week before they went belly up?