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Making a great fanfare about how he is going to damm well SLAM that stable door closed just as soon as he is sure all the horses are clean away. Failed in China, trying something else.

Should read: Uncle Bennie (Ben Bernanke) PRETENDS he has a warning for Wall Street...

The primary skill of the new Ivy League ex IB HF Manager seems to be fund raising i.e. marketing not trading. If you were inventing gains and then people ask for their money back it gets kind of tricky coz the money is not really there, you know, like a Ponzi scheme. Seems that is what is...

Positive carry. Borrow as much as you can at 5% buy bonds paying 6.5%. Works until it doesn't. Finance 101 would suggest that they check if 1.5% was enough of a spread to comensate for the risk - which it wasn't.

-------------------------------------------------------------------------------- More than 60% of their net worth was tied up in exotic securities whose reported value was estimated by Cioffi's own team -------------------------------------------------------------------------------- Anybody...

Hmmm, would be interesting to follow up. Just seems to confirm that things might be worse than CNBC is letting on. Lucky it was "contained" as Bernanke and Paulson said. I think we are heading for the bust of the century but it may not happen until well after my puts expire. When CNBC can't...

America's houses of cards There are times when being proven right brings no pleasure.Published on October 12, 2007 For several years, I argued that America's economy was being supported by a housing bubble that had replaced the stock market bubble of the 1990s. But no bubble can...

Seems it is all over and was contained after all....................NOT ``The truth of the matter is that borrowers are going into default as soon as they hit their adjustments,'' said Rick Sharga, executive vice president of marketing at Irvine, California-based RealtyTrac. Bloomberg

Because the main drivers of consumer spending was property and the multiplier effect from that, with corporate profitability driven by that and one time productivity gains from outsourcing to India and China. Overextended rellative to future earnings growth rather than a bubble.

Got to post link to these cartoons again. No affiliation. http://stockmania.com/index.php?x=browse

Makes me think of the Grand Slam bomb used by the RAF in ww2. Dropped from a great height and exploded 100 ft under the ground. Nothing happened for a few minutes and then the bridge or whatever that appeared unhamed collapsed as the earth subsided into the huge cavern created underground (think...

You could be right. the Fed made it pretty clear in the last minutes that they were not considering further cuts, whch means.......................

There is a limit to how much water can be made to run uphill.

Some good cartoons on the subject here. http://stockmania.com/index.php?x=browse

Until they screwed with it you could get a list by entering *.SS in Yahoo symbol search with the seach set to 'world markets'. I suspect it is still possible but I can't be bothered to spend the time after they screwed with it. http://finance.yahoo.com/lookup?s=*.Ss&t=A&b=0&m=ALL

A bubble is when people from all flelds leave their jobs to make a living speculating in a market e.g. Daytrading 1999, housing in US. The markets are just not that easy except for a brief period near the top.

Taylor is excuciating to try and follow, but has some good observations on how stocks move in addition to the Buy Sell Selll Short sequence. I think you would become very unstuck trying to trade Angells LSS as a system. my observation is that the cycle appears and dissapears, I suspect...

90% of the Hedge Funds in this world... "A compensation structure masquarading as an asset class"

Didn't they say that '98 - 2000. "Just buy the dips" was the slogan I believe

I agree that these quant funds are really just marketing of leverage in a bull market. Walt & Irma did welll buying the dips last time until they bought the last one.