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  1. M

    Monolines and Wall St - The Worst Is Yet To Come

    Commercial roperty is the next shoe. there has not been a commercial CDO isued NEW YORK (Reuters) - The credit crunch could see the commercial mortgage-backed securities market passing an ominous milestone -- the first month in its two-decade history without a single issue priced...
  2. M

    BAILOUT? - New York Insurance Superintendent watching bond insurers, may intervene

    Buffet is interested in entering the sector but not in buying the existing palyers. A huge tell if he can be confirmed to have looked at them as potential purchases...............................................
  3. M

    Feburary could be a great month- Stay positive

    It's those evil shorts that cause markets to go down. if it wasn't for the evil, UNAmerican shorts Day would not have such huge losses. Didn't you see Kudlow on CNBC saying there was no recession (reminds me of Goebbels).
  4. M

    Hate to be the grim reaper but are looking at a possible depression

    The problem is that if you are a certain age you cannot deny that you were alive in the '70's and by inference probably wore those clothes.................................
  5. M

    Feburary could be a great month- Stay positive

    "AHH THE DAYS LIVERMORE LIVED FOR" "I had been right. I had looked ahead and followed a clear cut plan. I had learned what a man must do in order to make big money; I was permanently out of the gambler class; I had at last learned to trade intelligently in a big way" By the standards of...
  6. M

    Us Banking Crisis??????

    Full blown moral hazard banking system. If the above analysis is correct bank CEO's are continueing to draw multimillion salaries on a banking system that is not functioning if there is no Fed intervention. O'nNeal and Prince took multimillion pension benefits that corresponded with the...
  7. M

    Is it finally time to snap up a house?

    To me the housing stocks look like they have completed half of a measure move, not bottomed and most importantly, housing stocks react way ahead of housing so even if this were the bottom you would have to add the time from the start of the selloff (jan 06) to now to get an idea when housing...
  8. M

    Millionaire traders

    "spread traders seem to have more longevity" The reason for my question is that years ago a very experienced institutional trader gave me an explanation as to why he did not trade his own money in the FX market. His point was that to have the ability to trade the position size to replace his...
  9. M

    Millionaire traders

    Interesting. Were any of the big money traders outright directional futures traders (even if only intraday)?
  10. M

    Subprime Plan Undermined

    ``These things are basically public relations gimmicks,'' Says it all and applies to all the measures proposed:
  11. M

    The Key to Trading Well

    Perhaps those who know also know that it's pointless trying to teach people. Also those guru books are written for broad (sheep) apeal. What most people want is some simple system you follow that suposedly produces a result, so that is what is written and marketed because it sells. Following...
  12. M

    so banks have 0 cash on balance sheet and reinsurers need 200 bill. for AAA rating

    Basically the Fed is trying to create the fabled 'soft landing', only two reported sightings in the wild in economic history. An economy may have a remote chance of a soft landing, but stock markets NEVER do.
  13. M

    Setback for monoline rescue

    Generally what happens in market busts is that solutions are announced but they actually don't follow through. Quite often these solutions are announced at critical market junctures, just as rate cuts are. Of course saying this smakes mne a conspiracist but actually I really could't care les...
  14. M

    Free Markets?

    Privare profits, socialised losses. Protectionaism and cartels for clique members, free market competition for the peons. America looks increasing like the crony capitalist societies of S. E. Asia that it was so critical of, where the country is run for the benefit of a few families and...
  15. M

    US=>Japan

    Agree, I have failed to profit to the extent that I should have because I failed to factor in the realpolitik influence of vested interests.
  16. M

    The BIG Picture... it all rests on housing?

    Governments stimulate housing in early recovery because of the huge multiplier effect from all the other housing related urchases, unfortunately this is like operating leverage, great on the upside, a killer on the downside. Comparisons with 1998, 1999-2001 are invalid IMHO, LTCM was a...
  17. M

    US Housing...25% more Downside to go....

    The bottom of a real estate market is marked by total pessimism - people looked with disbelief at somoene opening a chain of real estate agents right at what proved later to be the bottom in UK, similarly a proprty pro who had been through the Canadian recession told me how people thought he was...
  18. M

    Mr Bush to Mr Bernanke, the night before 75 bp cut

    I don't actually believe the link and its suposed sources, but I can SEIOUSLY imagine that something like this happened, albeit relayed through a third party.
  19. M

    Mr Bush to Mr Bernanke, the night before 75 bp cut

    Bush probably got a no redemptions email from one of his sweet deal hedge funds and realised it could affet him personally. That said, it's reassuring in some ways that he was able to take his thoughts off warmongering for a few minutes though.
  20. M

    Mr Bush to Mr Bernanke, the night before 75 bp cut

    More like "You're just not getting it Mister, do I have to come round to the Fed building and stick one of mah 400 volt catte prods up your @ss until you do?"
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