Tuesday, July 22, 2008
Wells Fargo Just Smells like Crap
Wall Street put on the party hats today as Wells Fargo’s stock shot up 23 percent after the company reported second quarter 2008 earnings t...
Monday, July 21, 2008
Trade Alert: BKX
Take a look at the daily chart of the banking index BKX. You can see that this phony rally based on nationalization of 19 finical company s...
US Bancorp Gets Hit
In a most blatant example of the pot calling the kettle black, Deutsche Bank downgraded U.S. Bancorp today , issuing the death sentence of...
Friday, July 18, 2008
Citi’s Dark Profits
Off balance and running out of options, Citigroup sits alone, imploding in the shadows. It hunkers there in the dark, trying to hold on for ...
Thursday, July 17, 2008
Denial at WaMu and National City
A cold wind blows across eighty years of time, from the Great Depression to the credit crisis in this new century, where the new like the o...
Trade Alert: DUG
After DUG broke 30 it took up residence in the 30 to 34 zone forming an ill formed wedge, but any wedge is a good wedge after it breaks whic...
Wednesday, July 16, 2008
Tuesday, July 15, 2008
JP Morgan to buy Wachovia in Bailout Scam
For Wachovia, it’s SURVIVAL. The bank’s appointment of Paulson’s right hand man, Robert K. Steel, demonstrates the bank’s acute awareness t...
Alert: DB
The VIX finally broke 30, it looks like a short covering rally is going on, but the VIX may have a lot higher to go before a true rally can...
Monday, July 14, 2008
Alert: MER HBC
As the previous post said we will do a Blind Eye Short look at the charts less and go on the fundamental reasoning that it's all going ...
Saturday, July 12, 2008
Blind Eye Short
If the Plunger Protection Team intended to hold this market up going into earnings this week, why then did they let the Dow and SPX break...
Friday, July 11, 2008
Citi Scales Down and Screws Up
The analyst who made her stardom on downgrades of Citigroup is polishing that star on the beleaguered banks crusty facde. Oppenheimer &...
Thursday, July 10, 2008
Trade Update: OIL
Yesterday OIL gaped down at the open below our stop point, by holding we have seen it rally back to 84.54 so we are 35 pennies in the green....
Wednesday, July 9, 2008
Trade Update: OIL
You may be wondering why OIL has dropped below our stop price, but we are not out of the trade. It's not a bad question, the answer can ...
Finger In The Dike
The ripples of the monoline downgrades have smashed like a tsunami on the shores of Merrill Lynch and Citigroup. The brute force of that imp...
Tuesday, July 8, 2008
Loan Pains Turned Site Into a Hit
The misery in the housing market is registering on the Implode-O-Meter. Skip to next paragraph Enlarge This Image Bayne Stan...
Monday, July 7, 2008
Plunger Alert
Look at Lehman Brothers (LEH) in the daily chart , you can see it trying to triple bottom at 20. Now triple bottoms are rare so I just weigh...
Alert: DIG OIL
put stops in: Sell 50 shares DIG @ 109.10: stop market Sell 25 shares OIL @ 83.45: stop market
Mozilo Broke It, Now Bank of America Owns It
The buyout of Countrywide Financial by Bank of America has officially occurred, bringing an end to the struggle between the two lenders and...
Friday, July 4, 2008
Wachovias About Face on Option ARMS
You never believe what they say on Wall Street, but what they do and what Wachovia did says that what they said was all wrong. Wachovia eli...
Thursday, July 3, 2008
The Man Behind The Curtain
The smoke is clearing, the mirrors are breaking and the lies are spilling over the castle walls; the system might be just about to collapse ...
Plunger Alert: XLF
The plungers just held this market up. They did it with tech and Brokers. Lets get in on the fourth of July rally. Buy 100 shares XLF Stop @...
Wednesday, July 2, 2008
Merrill’s Cut Deeper than Before
Merrill Lynch received a downgrade of sorts from rival Lehman Brothers. Lehman Brothers, who knows a thing or two about how to take and hide...
Tuesday, July 1, 2008
Bears in the Hedges
Bears don’t prowl anymore, with so many badly wounded beasts about, they lurk in the hedges from where they pounce. Lehman Brothers was maul...
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