Tuesday, September 30, 2008
Burning down the house
If by now you know that the Democrats are just as corrupt as the Republicans, and that Obama is bad for the country as McCain, then please e...
Plunger Alert: DOW
Plungers are hard at work again pumping your stock market with the same high gas that got blown out yesterday. So you say you have confiden...
Gold Profits Delayed Not Denied!
The real rally in gold is yet to come, and will probably occur when the investors that sold American stocks for US dollars today, switch fro...
National City is Crashing
The victims of the bubble burst are rolling over and dropping rain, there’s a new one every day and today it’s likely National City Corp.. ...
Monday, September 29, 2008
Wachovia Just Bit The Dust
And another one bites the dust , just like that without warning FDIC swoops in and Wachovia is gone. Wachovia traded down in sympathy with ...
Gold Proving Shelter Against Bailout Bombs
Trade Alert: UNG VIX
Our UNG hit a low of $31.98, just stick with it unless it breaks a stop. Don't be fooled by the extreme negativism right now is a great...
Hedge Flight
Morgan Stanley is having trouble keeping hedge funds confidence. In the midst of market turmoil last week as J.P. Morgan and changed stripe...
Trader Alert: UNG
We are a long 25 shares of UNG from $36.36. Put a stop under support at $32.5 and give it a little room to breathe. Sell 25 shares of UNG a...
Unprecedented Shortage of Metals
The evidence of a global shortage of physical silver continues to grow, but now gold is getting in on the act too. Spot Silver closed at ar...
Sunday, September 28, 2008
Just Another Lie in Paradise
It looks like the administration is up to its same old only trick left, lying. I remember very clearly they swore up and down that taxpayer...
Saturday, September 27, 2008
Trade Analysis: GS
I have wanted to review this Goldman Sachs trade since the I closed it. There has been a lot of volatility both in and out of directly tradi...
Friday, September 26, 2008
Washington Mutual is served upto J.P. Morgan
WaMu Cut Deeper and Taken Out
WaMu has now officially been put out of its misery. The Office of Thrift Supervision seized Washington Mutual today and named the Federal D...
Thursday, September 25, 2008
Exodus?
It has begun, the exodus of massive Chinese investments in US dollar denominated assets. I said in a prior post that I had a hunch they woul...
BAILOUT: Ron Paul Educates Bernanke...yet again!
In the last minute you can hear a Bernanke actually admit that it is Congress who has the obligation to coin money and it delegated that obl...
The Great Betrayal
If the United States had lost the war against Saddam Hussain the dictator's revenge could not have more ruthless, his pillaged more pred...
Wednesday, September 24, 2008
MAMA's BOYz
I always thought I could carry a good rant but not like this one. It's hands down one of the best you'll hear in your life.
New American Order
Little White Lies
The difference between Nazi Germany of the 1930s and the United States today is simply this: in Germany the government told the corporations...
Tuesday, September 23, 2008
Alert: UNG
I am looking at a one-year chart of the UNG . You can see the fantastic run it had last spring which we caught part of. Then vastly overso...
9/21/2008 Ron Paul on the Late Edition with Wolf Blitzer
Here is Ron Paul discussing what he thinks ought to be done about the credit crisis. You will notice it does not involve government spendin...
Trade Alert: GS
Goldman Sachs gapped down this morning opening at $118.89 and blowing past hour stop, so we were not stopped out. As you can see in the 15 m...
Monday, September 22, 2008
Paul Krugman--Double Agent
Well friends have fought with me on this, but there can no longer be any serious doubt about Paul Krugman and whose side he's on. The fa...
HBOS’s Denial
Cognitive Dissonance describes the uncomfortable feeling experienced when a person begins to understand that a belief the person holds as t...
Sunday, September 21, 2008
CIBC’s Third Quarter Results
Bloomberg is heralding the earnings of Canadian Imperial Bank of Commerce. They sound like Jim Cramer in calling a bottom for the bank’s tr...
Saturday, September 20, 2008
09/18/2008 Ron Paul on the Glenn Beck Show
It's funny to see Glenn Beck scramble to suck up to Ron Paul. What's sad the rest of the country still ignores him. But now it...
Friday, September 19, 2008
WaMu Giving Up
Washington Mutual slammed the door shut on an empty barn today, effectively saying that its insiders were out and its game is up. Let’s tak...
Who Is Safe and Strong?
People are beginning to pull their money from the likes of Washington Mutual and Wells Fargo. They want to put it in a safe place, and aski...
Thursday, September 18, 2008
Morgan Stanley Marches On
Morgan Stanley and the financial media tried to play that " beat the Street by a penny " game one more time, but things are so bad...
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