Sunday, December 23, 2007

Trade Update: USO OIL

Let's take a look at our USO OIL trade which for now only consists of a full short position on OIL. The topping process is well under wa...

Thursday, December 20, 2007

End Game

I am an out of work construction worker who is right about the stock market a lot. A lot more than the MBA totin smart Street punks in the f...

Wednesday, December 19, 2007

The Five White Guys Who Run Wall Street

Here we go again. As I have said on this blog Barclay's is insolvent. I've been saying it and even arranged my hedge positions base ...

Ponzi Profits and Pathological Liars

These liars are persistent and pathological willing without hesitation to commit any atrocity for the furtherance of profit. Yesterday forme...

Tuesday, December 18, 2007

Market Watch

It looks as though the Street is making one last push for the Santa rally. See in the chart of the SPX the low in March, the low in August ...

Monday, December 17, 2007

Alert CFC

Country wide is trading at it's lows. A break here could send it down to the pink sheets, but I smell a scam. The specialist may nock th...

Trade Update: USO OIL

We are out of the USO for now having bought back @ 71.74 the 50 shares sold @ 68.74 for a loss of 3 x 50= 150 dollars. The risk of short cov...

Trade Alert USO OIL:

The overall stock market seems to be firming up. The USO is 71.47 coming close to support at the 70 area. With the stochastic under 20 and r...

Sunday, December 16, 2007

The Rescue Scam

Let's say you and I do business exclusively with each other and that our respective banks are the only ones on the planet. Now we write ...

Saturday, December 15, 2007

Money From Nothing 5

PaulGrignon's 47-minute animated presentation continued.

Money From Nothing 4

PaulGrignon's 47-minute animated presentation continued.

Money From Nothing 3

PaulGrignon's 47-minute animated presentation continued.

Money From Nothing 2

Paul Grignon's 47-minute animated presentation continued.

Money From Nothing 1

Part one of Money As Debt. Where does money come from? When you borrow 1000 dollars from the bank. The bank eletronicly credits your accoun...

Friday, December 14, 2007

Trade Alert: GDX

In keeping with Cramer's Golden Rule notice that the GDX that Cramer tried to dump on you notice that the GDX is trading below it's ...

The Good News Is:We Were Both Wrong

A year or so ago a buddy and me were drinking in a bar when coughing and hacking in walked this guy with disease stamped in red raised lette...

Thursday, December 13, 2007

Trade Update USO OIL:

In yesterdays alert I wrote get out of OIL, buy to cover, but since I was long 50 shares OIL I should have said sell 50 shares OIL. Sorry I ...

Wednesday, December 12, 2007

Alert: USO OIL

I am going to have to make up my mind weather to cover the short position on USO before the close. The last half hour will tell. I'm inc...

Plunger Alert

Yea the FED which is a member of the plungers is definitely rigging this market higher. They are getting desperate. Oil rises above $91, Fed...

Trade Alert: USO OIL

The Plungers pulled an all nighter, trying to save this stock market from ruin and this country the stark realization that the depression is...

Cramers Golden Rule

If you took Jim Cramer's advice of last Thursday December 6 and bought a gold mining stock, "..., as a hedge against inflation when...

Tuesday, December 11, 2007

Trade Update: USO OIL

Here is an accounting of the USO OIL trade so far Sold USO 25 shares @ 70.23 bought 25 shares @69.50 , profit 25*(-.73)=-18.25 or 1% loss So...

Plunger Alert

I expect the bid rigging to begin right here. The plungers will not let this get too far out of hand. Recall the Cramer's Golden Rule Po...

Alert USO OIL:

Get out of OIL. I know this means removing the hedge, gut it gives us a chance to close out the long position on Barclay's ETE OIL. Bar...

Trade Update: USO OIL

It would be nice for oil complete it's profit taking process and let us be on our way to higher ground. Unfortunately it seems to be wai...

Pump It Up

OK the Wall Street manipulators are taking this thing way too high on the rate cut crap. Remember interest rate cuts can't be the arteri...

Monday, December 10, 2007

The Raw Deal

Do you know why Jimmy Carter gave away the Panama canal? Well this is what he said at the signing ceremony in September 1979. 'The Panam...

FOX NEWS: DOLLAR INFLATION GOOD!

And they call Ron Paul a loon. Listen to the Faux bimbos obsessing over Gisele Bundchen These two are trying to convince you with straight f...

Friday, December 7, 2007

Cramer's Golden Rule

Flippin through the channels last night I came across Cramer on Mad Money. When I first became interested in the market I used to be fond Of...

Alert: USO OIL

The crude oil markets are jittery after yesterdays OPEC shock. Economic data released today could spark the next major move. The market must...

Thursday, December 6, 2007

Alert: USO OIL

OPEC sent wrong message to oil market In case you wonder why I do so much hedging it's because the whole dam global market is a scam to ...

Who Keeps The Penny?

Suppose your kid told you he would get an F in Algebra, but on report card day proudly produced a D. Well you'd go out and buy him a new...

Alert: USO OIL

When a stock hovers just underneath support as USO and OIL are right now they usually move away fast and to the downside (Link 1). It looks ...

Wednesday, December 5, 2007

Short The Bond Inssures with One Eye Closed

While the stock market is all giddy over the prospect of of a rate cut another monster has come up from the slimy depths. Bond insurer MBIA ...

Ron Paul is no Serious Candidate

After the Republican debates last week Jeffery Toobin the senior legal analyst for CNN proved once and for all that anyone can get a law de...

Tuesday, December 4, 2007

Alert: USO OIL

USO is down 1.40 and OIL is 0.96 down. Just stay in both positions. I want for oil to drop to 80 per barrel. Since the longer term outlook f...

Trade Update:USO OIL

For those of you who are in the USO OIL trade we should be long 50 shares OIL @ 52.16 and short 25 shares of USO @ 70.23 and 25 shares @ 68....

Monday, December 3, 2007

Alert: USO OIL

We have been stoped out of 50 shares stil in 50. This is a hedge. I will post a follow up, but right now Buy 50 shares OIL @52.16 Remove all...

Alert: USO

Add a 3/4 poistion Sell short 75 shares USO @ 68.74 Stop: 25 shares @ 69.50 Stop: 25 shares @ 70.50

Alert: CFC USO

We will add to our short positions on CFC and USO. I will post an alert

Short it Blind

Well not just yet. Friday’s action shows that it’s a good idea to short anything in this very short deserving stock market with some respect...

Friday, November 30, 2007

Alert:USO

We take a 1/4 short position right here Sell short 25 shares USO @ 70.23 Stop @ 72.25

A Sure Thing:USO

It's a sure thing that the US dollar is going to fall below 70 on the USDX and to even much lower levels. If you look at the chart of th...

Mission Impossible

Even in a free country the government has a legitimate need for secrecy or deceit. It might be to prevent a public panic that could impede a...

Thursday, November 29, 2007

Close an Eye and Short The Bond Insurers

I was not going to short Ambac ABK and MBIC MBI tomorrow because technically they are still a bit over sold. At least they are not perfect s...

S&P500

I am waiting to see if yesterdays gap and run was the beginning of the Christmas rally or just a short covering rally. Based on the volume ...

Wednesday, November 28, 2007

Trade Alert2: S&P500

Well the upper downtrend line in the SPY was broken with force, along with the 8 day EMA. If you read the Trade Alert: S&P500 posted at ...

Close You Eyes and Short the Banks

I swear I could just short all the banking index right here right now. I don't care for fundamentals, but any bank that has exposure to ...

Alert GS

Goldman Sachs gaped up this morning. DON'T chase it. The stochastic on the 15 min. chart is nearly 100% and rolling over. Let it come ba...

Tuesday, November 27, 2007

Trade Update: GS

I wanted to give GS enough room to move today and failed. We were in @ 210.34 and stooped out at 207.80. Times 25 shares that's a loss o...

Trade Update: S&P500

I was unable to watch the market all day, but it looks like we were stooped out of our SPY short position @ 142.5 around 10:30. So we are ou...

Alert GS

The stochastic on GS are off the bottom and rising in the 15 minute chart. Buy 25 shares GS @ 210.34 stop @ 207.80

Trade Alert

The market will gap up here. Let it fade, put a stop on the spy @ 142.5 and keep an eye on Goldman Sachs GS

The Colour of Money

The true colour of money is gold. Let me say that here gold represents a variable that represents anything of intrinsic value. The reason is...

Monday, November 26, 2007

A Sure Thing

What does a collapse of the US dollar mean for the overall economy? That's easy disaster. What does it mean to the stock market ? That...