The Credit Crisis Financial Stocks Short Journal

Long and short ends getting beaten with the ugly stick after a weak auction. I assume this will be spun as bullish for equities - investors are shunning gov't paper means they're ready to move into risk assets ...

Either that or its just a lesson for the Feds not to have a bond auction on the Jewish New Year.
 
All sorts of cool lines out of old Bond movies come to mind...

Villain: "Goodbye, Mr Bond"

or

Bond: "Do you expect me to talk?"
Goldfinger: "No, Mister Bond, I expect you to die!"
 
Quote from Daal:

How to tell if CEOs are lying
http://www.economist.com/node/16847818

"They also use fewer “non-extreme positive emotion words”. That is, instead of describing something as “good”, they call it “fantastic”. The aim is to “sound more persuasive” while talking horsefeathers."

I remember MBIA CFO saying in 2007 how their commercial RE team was 'the best in the business'
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A variation of this deceptive tatic might be when the person is accused of some wrong doing, they usually follow up with extreme words like 'this is outrageous' with an overly exaggerated emotional state trying to 'project' some image that they are innocent, this is usually followed by threats of legal action
 
The correction in the front end came, so now I'm on the watch to go back to a full 100% long on the fed futures(currently I'm at about 55%) but I will wait a few more days because this decline might have some legs
 
Not much of a correction. The Dec 11s are down what, maybe 10 points from their highs? At what level will you step in and buy? What does 55% vs 100% mean?

I bought a few Dec 11s today at 99.48 and 99.475.
 
Quote from ralph00:

Not much of a correction. The Dec 11s are down what, maybe 10 points from their highs? At what level will you step in and buy? What does 55% vs 100% mean?

I bought a few Dec 11s today at 99.48 and 99.475.
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55% of my old position size. I might actually go to 120% by buying additional contracts if the correction goes low enough(mid 30's)
 
Buffett doesnt see double dip, says his businesses are doing well
http://www.cnbc.com/id/39159230

I'm not sure that means much, he owns the best companies they are supposed to perform better in a relative basis. Furthermore current business performance is a hardly a leading indicator, also the GDP figures came in at 1.6% so if he doesnt think the slowdown is for real, he is kidding himself
 
I used to have a ton of respect for Buffet.

However, in his old age he has become nothing more than a promoter of his own positions, a rent seeker, and a pimp for the BO administration.

These comments need to be taken in context - they were uttered in the midst of a fierce election season in which BO's party could take a devestating loss. Buffet and our dear leaders are going to pull all of the stops to try and take the crap economy off the table as much as possible as voters enter the booths. Do not, I repeat do not short S&P futures or buy $'s prior to the election.
 
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