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  1. M

    Market bottom is in- End this doom and gloom

    Don't fight the Fed is much more meaningful in the hiking cycle at the end of a bull market when raising interest rates cuts of the low incremental spread over WACC projects than the easing cycle where lower rates alone won't stimulate banks to lend and where clearing has yet to take lace - low...
  2. M

    Market bottom is in- End this doom and gloom

    What everyone is forgetting about 99/2000 is that the non internet companies, ie the rest of the list had already near bottomed when the Nasdaq was at a peak as they were heavily sold off as "smokestack" or "bricks and mortar" dinosaurs. Remember how the breadth was in a few names? This time...
  3. M

    Billionaire Joe Lewis still long BSC @ 110?

    Apparently he "deeply unhappy" with the price and is trying to block the deal - rmifications for the Fed it seems, but how could there be as this was not a bailout right? http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/18/cnlewis118.xml
  4. M

    Stock Market Is A Scam

    The purpose of a stock market is to allow the sale of companies for more than they are worth.
  5. M

    Stock Market Is A Scam

    Please reveal more of what goes on with the big money - we are all ears (seriously).
  6. M

    How do you define “Tape Reading”

    Above is not wrong, but alternatively getting a feel for who is doing what i.e looking for things that give something away.
  7. M

    Socialism for the rich, free market darwinism for the poor & middle class

    Perhaps i was being too pernickity :)
  8. M

    Market bottom is in- End this doom and gloom

    Bill Miller and the Public are still in doubling up mode.
  9. M

    Well.. I see my pink slip coming

    Usual strategy is to freeze withdrawals.
  10. M

    Market bottom is in- End this doom and gloom

    I actually will be using any rally on Fed cuts to add shorts. FYI I am trading from my high tech HQ on my private island surrounded by white cats, goldfish and beautiful girls in beehive hairstyles, plastic mini skirts and high boots. Did you believe them when they said nobody manipulates...
  11. M

    "One of History's Greatest Financial Crises"

    You have no idea how Asia and other countries is going to rub the US's nose in it for all their previous remarks about Asian 'crony capitalism', corporate governence etc.You will never hear the last of this from Asia - they are still smarting over the US high handedness and assumed perfection of...
  12. M

    Market bottom is in- End this doom and gloom

    Come along now, back to the ward.
  13. M

    Without any doubt MF Global will file for bankruptcy, here is why:

    I agree the stated figure seems high and that as I highlighted it is a historical snapshot, but I think I am jut going to have to leave you to believe what you want to believe on this.
  14. M

    Socialism for the rich, free market darwinism for the poor & middle class

    Speculative technology should be financed by risk capital ie. equity and Venture, not bank loans. For a bank the downside risk is 100% for a fixed percent interest schedule. this is not good banking and banks getting in trouble through using loans to finance what shuld have been financed with...
  15. M

    Paulson to bailout Wall Street friends with middle class taxes

    I think he lost the use of his cerebral cortex in a college football game but remembers if you just barge enough people out of the way you get ahead - seems to have worked.
  16. M

    The distortuon of the truth and blame shifting away from Wall St has begun.

    The distortuon of the truth and blame shifting away from Wall St propaganda campaign has begun as refuted by this article. Obviously the people need to be "educated" and their perceptions "managed". This will be just another thing that "can't be discussed". Refco hearing was behind closed doors...
  17. M

    Without any doubt MF Global will file for bankruptcy, here is why:

    Yes it is but EV is still not as relevent as you think it is as explained by a poster above is. Bankruptcy (insolvency as opposed to liquidity failure) as the legal and accounting profession understands it is different to your personal understading of what bankruptcy is.
  18. M

    Socialism for the rich, free market darwinism for the poor & middle class

    Nobody is going to get voted in by teling the people what they don't want to hear, so the 'you can keep your house Harley SUV Widescreen' electoral pledges will be made. The American dream used to be something that was open to you (as opposed to closed off by birth, race etc) IF you worked...
  19. M

    Without any doubt MF Global will file for bankruptcy, here is why:

    http://finance.yahoo.com/q/ks?s=mf Second from top line item left hand side. Stock price in the market does not count for accounting solvency determination purposes. MF had USD10.8bn equity as of last reporting date. Balance Sheet Total Cash (mrq): 46.66B Total Cash Per Share (mrq)...
  20. M

    MF Global down 60% right now

    Stock price in the market does not count for accounting solvency purposes. MF has USD10.8bn equity Balance Sheet Total Cash (mrq): 46.66B Total Cash Per Share (mrq): 388.595 Total Debt (mrq): 24.34B Total Debt/Equity (mrq): 18.813 Current Ratio (mrq): 0.992 Book Value Per Share...
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