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  1. M

    Im going long on FannieMae FNM

    NYTIMES REPORTING FRE AND FNM WORTHLESS http://www.nytimes.com/2008/07/11/business/11fannie.html?_r=1&hp&oref=slogin
  2. M

    Fannie and Freddie

    Why in the World did big Value Managers like PZENA, BRANDES and LEGG MASON buy so much of this crap over the past year? They are getting murdered in these two stocks. Goes to show that Wall Street is making alot of so-called smart people dumb. OUCH
  3. M

    So Goes GM

    That Camaro is going to spark sales. Also, they are selling cars like crazy overseas with our weak dollar. GM is a screaming buy.
  4. M

    Have you come to grips with it yet???

    The United States is finished and will be a 3rd World Country in 5 years. I think housing could fall another 50 percent as people lose jobs in masses. The number of layoffs coming is going to be the worst ever in our history. 20 percent unemployment is possible. Right now, the real rate is 12%...
  5. M

    What are you guys doing with your non-trading $$$?

    VLT or HIS Open ended funds, DWS Strategic Hi Income or Global Bond.
  6. M

    Calling it quits

    This is the EXACT same post as someone awhile back. Seriously, you need help.
  7. M

    Trader Status pitfalls for taxes.

    If you have a year where you lose alot, doesn't this mess up your ability to carry forward? Say you lost $100,000 in a bad year, you can use $3,000 the normal way and carryover $97,000. Say you make $50,000 the next year, you would no pay tax, since you had the carryover....if you used Trader...
  8. M

    Food Stamp Use at Record Pace as Jobs Vanish

    Somebody tell Kudlow. He thinks it is GOLDILOCKS out there.
  9. M

    US Stocks Tarnished by the 'Lost Decade'

    To be honest, I don't think we will ever see the NASQUACK Make a new high in our lifetime. The DOW very well could be headed for 7400 over the next 3 years. I am nervous because if housing doesn't make a turnaround here soon, all the banks are going to be in major trouble. They are leveraged to...
  10. M

    Isn't Naked Shorting illegal?

    The problem is that nobody is enforcing it. Look at the failure to deliver list. It is sickening and destroying companies.
  11. M

    Isn't Naked Shorting illegal?

    If yes, then why is the SEC and NASQUACK allowing it? NTRI, CROX and VCGH are being naked shorted to death and the shorters are failing to deliver. Isn't this fraud? Comments?
  12. M

    Stock Market Is A Scam

    Anyone that thinks otherwise has no idea what goes on with the big money. The unsuspecting public get burned left and right and keep coming back for more because the media says you must invest in equities for long term growth. What a bunch of nonsense. I would bet 99% of people lose in the...
  13. M

    WARNING for anyone thinking of trading Tues.March 18th WARNING

    FED CUTS 50bps and MARKET IS DISAPPOINTED AND PLUNGES FED CUTS 100bps and MARKET IS SCARED TO DEATH AT HOW AWFUL THINGS ARE AND PLUNGES FED CUTS 75bps and MARKET TANKS BECAUSE IT WAS PRICED IN. FED CUTS LESS THAN 50bps AND WE HAVE A CRASH.
  14. M

    Housing going down another 40%

    Millions are going to lose their jobs here, banks aren't lending, etc etc...the housing market is finished. I can see places like Florida, Vegas and California plunging over 50% while the rest of the Country drops around 40%. We are going to 3rd World wages and with the high cost of living...
  15. M

    The United States is Finished!

    Seriously, what is our future? We got rid of all the higher paying jobs to China, India etc...we are in massive debt, Thanks BUSH!, and have a free falling dollar. The amount of job losses yet to come here in the next few months is going to be staggering. It literally will be in the millions...
  16. M

    Washington Mutual going under:

    Good thing you closed your BSC trade.
  17. M

    Too much Pessimism and too many shorts.

    I think the market is due for a significant turn despite all the bad news. The market is a discounting mechanism. The amount of shorters jumping up and down about how much money they are making is reminding me of the tech bubble. Also, a friend at Fidelity told me on Thurs and Friday, people...
  18. M

    Mark my word right now is 3-2-08, tomorrow dow -300

    Everyone is so brutally bearish that we are due for a rally.
  19. M

    Who is the most worthless on CNBC? I vote Bob Pisani

    Trish - All smiles as the market plunges. HATE THAT.
  20. M

    On a scale of 1-10 how bad is our current situation?

    A 100. This is beyond a disaster. Every day there is some other crazy financial product worth $500 Billion that is tanking. This could end in a depression. Everything is going to hell.
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