Who said I hate anyone? You're making assumptions. I admire and find admirable many people and their actions, most of them are philanthropic though. Is there something wrong with that?
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Who said I hate anyone? You're making assumptions. I admire and find admirable many people and their actions, most of them are philanthropic though. Is there something wrong with that?
Quote from SiSePuede!:
Who said I hate anyone? You're making assumptions. I admire and find admirable many people and their actions, most of them are philanthropic though. Is there something wrong with that?
I'm not making assumptions, there wasn't a single statement in my post. I asked you two questions without asserting my opinion once.
No, philanthropy is very important, in my mind. So is encouraging and fostering productive conversation on ET, again, in my opinion. You do not do that, or at least, I've never seen you do that, and your sole purpose (this is an assumption) seems to be to slam everyone who considers themselves successful by their own measures.
Some people do that in the guise of helping them, but at least they offer their opinion of what they are doing wrong. I've stopped reading most of your posts, but from what I did read, you don't even do that. You just wander around this site dissing everyone and everything with the occassional mention of how successful you believe you are by your measures.
Most, if not all, the people I've met in my life that I would call successful take the opposite approach from you. Once they've earned everything they need and more, and have established themselves they set about helping anyone else who needs it. You do the opposite, which leads me to believe you are either not successful at all, or a very petty person.
One other thing that really bothers me, to be honest, is that I believe I read once that you are from Canada, like me. Your behaviour is pretty much exactly opposite from what I expect to see from that country, and being kind, sincere and helpful are traits I'm very proud of from Canadians.
Oh well, the world doesn't run by my rules, obviously. I just wanted to point this out in case you found yourself off track in life...
TNG
This is fun.
You haven't read all of my posts and therefore I will tell you that you're wrong about your assumptions. You can go back and see that I told stock_turder that if he's met his goals, which he states are to beat the market, then that's great for him.
I have attempted to share what I know..mostly via private messages though. I've responded at length to individuals who asked me about microcap investing. I even tried to start a thread that ET shut down because inherently microcaps will mention stocks that are less than $5 AND trade less than 1M shares/day. I even wrote an admin at length and never received a response, not even a courteous reply. There goes your theory...good try though.
I find Canadians to be fairly ignorant as a generalization. I'm not from Canada, I'm from the USA.
And "ElCubano" has me on ignore because I asked him about his lack of humility since he encourages people to visit Cuban resorts and support the oppressive policy of the government and my questioning his care for the common Cuban was met with anger and childishness.
I think you're wrong about me but in the end it doesn't matter because you're making assumptions without knowing what you're talking about. That is actually the same reasons why I find Canadians to be naive, judging without knowing. You can say things politely, but if you're dumb and naive, you're just that.
To be constructive here, you really need to read what the risk is with this subprime and Bear Stearns. It is not a benign event in the least. If anything, it is a major threat to the credit markets.
i will post the core of this and a link to the whole story. BUT YOU REALLY NEED TO READ THIS STOCKTRAD3R. It is a big deal indeed.
By John Mauldin
Is the subprime mortgage market collapsing before our eyes, or did we avoid a
disaster as Bear Stearns stepped up to the plate with $3.2 billion to help its ailing funds?
As we will see from the data, the problems in the subprime world are not over. The Fat
Lady has not sung. But will the problems in this market contaminate the rest of the
liquidity-driven markets? Is the party over? Not according to the high-yield markets. In
this weekâs letter, we look at what could be the real problem in the next half of the year.
This week Bear Stearns felt it necessary to inject $1.6 billion in loans into two of
its hedge funds that deal in the higher-risk portion of the subprime mortgage market.
These funds are down 23% at least. Merrill Lynch moved to seize some of the assets it
had as collateral for loans and put them to the market. Prices offered on the better grades
were a shock, and there was no bid on most of the securities. Not low bids, but no bids.
Merrill decided to not press the sale.
Mark to Model or Mark to Market?
Hereâs the problem. There is not an active market in these securities, so the
various funds and banks use a âmodelâ to decide what price they should use when toting
up their assets. But if these securities are actually sold, then now you have a market price,
and you have to mark to market rather than use the price based on your model.
As an illustration, letâs say an institution had to sell a $1 million chunk of a $20
million BBB tranche. Before that sale, other funds and institutions owning that same
tranche could price it at the model price, i.e., what their accountants or bankers said they
were worth. Nothing sinister here, just people making their best guesses. Typically, a
fund will take three such guesses from outside firms and go with the average, but each
fund or bank will have its own rules.
But if that institution sells their tranche for a 20% loss, then now there is a market
price established for everyone who owns that same tranche. Losses passed all around. As
an aside, a group of hedge funds has written the SEC asking the agency to be on the
lookout for investment banks who would buy bad loans in order to keep them from
defaulting and leading to losses in the banksâ derivative portfolios. As you might
imagine, these funds are short these derivatives and want to see large losses at the banks.
The problem is that if these offerings lose their investment grades, many
institutions will be forced to sell, as they are limited by their charters to only invest in
rated paper. But who will buy until the smoke clears? It will get ugly. This will end in
tears.
âThe highest default rates on home loans in a decade have reduced prices of
some bonds backed by mortgages to people with poor or limited credit by more than 50
cents on the dollar and forced New York-based Bear Stearns Cos. to offer $3.2 billion to
bail out a money-losing hedge fund. Almost 65 percent of the bonds in indexes that track
subprime mortgage debt don't meet the ratings criteria in place when they were sold,
according to data compiled by Bloomberg.
âThat may just be the beginning. Downgrades by S&P, Moody's and Fitch would
force hundreds of investors to sell holdings, roiling the $800 billion market for securities
backed by subprime mortgages and $1 trillion of collateralized debt obligations, the
fastest growing part of the financial markets.â (Bloomberg)
http://www.frontlinethoughts.com/pdf/mwo062907.pdf
Comanche, sssshhhhhh!!!! It's nap time at day-care and no one wants stock_turder to wake up...then he'll start gloating about how his Spong Bob Square Pants wallet is filled with $5 bills and all the other kids will get jealous.
I'm glad we're having fun now!
Well, I could argue that one example out of 1159 posts doesn't exactly make me wrong, but I will take your word for it that if you say you intend to help people, that's your motive for posting here. No problem with that, and I applaud the effort.
Well, can you fault me for not knowing what you do via private messages? Microcaps are an interesting topic, and I'd love to see ET dedicate an area to it as well, but I doubt it will happen due to their perception of the legalities.
Ohh, a direct attack, I'm wounded! However, I feel that the majority of Americans mistake courtesy for ignorance. Out of curiosity, what do you find us ignorant about? In general, Canadians find most Americans ignorant about geography, world events and world politics. In fact, mostly anything that is not American. I don't happen to agree with this opinion, but I do see how it is formed.
And "ElCubano" has me on ignore because I asked him about his lack of humility since he encourages people to visit Cuban resorts and support the oppressive policy of the government and my questioning his care for the common Cuban was met with anger and childishness.
I think you're wrong about me but in the end it doesn't matter.
Well, the last thread I read with you on it was the one from the wall st warriors guy. That and following stock_trader around is the only place I've seen you in action. Is there a better spot where you post with some good, solid trading information?
TNG
no sisepuede....you didnt ask and thats not what happened and i never said a word you are saying i said...hence the ignore...too bad it doesnt ignore quotes...have a wonderful day and a great fourth of july...peace and much love to you and your familia...
p.s. please prove me wrong .. go to that thread and link us up to all the things you are saying i said..if not shut the fuck up...
p.s. please prove me wrong .. go to that thread and link us up to all the things you are saying i said..if not shut the fuck up...
You can say it's 1 out of 1159...but that's just not sensible and you're acting as though the example I gave was the only instance whereas it was just an example. You're making assumptions without having all the facts.
I find Canadians to be ignorant about a large number of things. Courtesy and ignorance have nothing to do with each other. I find Canadians naive about more than I can name. I find Canadians also ignorant about anything that isn't American actually. As a matter of fact, Canadians are seem so obsessed with the USA that perhaps that's their problem.
If you're too ignorant to know that I post in other threads and instead judge me then that's your obstacle to overcome.