We must really all be Keynesians now. Bailout Nation has gone global, with central bankers coordinating money debasing, fully believing that what they can cover up insolvency. But we know better. Any system that needs to be subsidized is a system that shouldn’t exist in the first place. Based on that idea I’m adding a […]
12 Days of Trading
Doug: Phew! There should just be the two days of Christmas, it’s too hard for us! Bob: Um… Doug: Go, hoser. Bob: Oh. Together Eigth day of Christmas, my true love gave to me: Doug: Eight comic books, All: Seven packs of smokes, six packs of two-four, (Bob and Doug become unsynchronized with the Background […]
Rinse and repeat trades
If you’re really hungry for a trade other than investing in revolutionary tech companies and shorting welfare companies, then he’s what I’d be looking at — Given that the market is likely to be much more rangebound in the next few weeks than most every other trader out there (bulls expect a huge Santa Claus […]
Get Smart! about the EU Crisis
Good morning and welcome back to the hospital, where the ambulances rush around with their sirens at full blast whether there’s an emergency or not. Think about it. Talk about the little boy who cried crisis. Let’s take a look at some of the headlines from the last couple weeks: Dow Sheds 200 Points Amid […]
Shark Attack 3: My latest positions
How’d your gaming of the EUcrats bank welfare program newsflow go this week? What a crock. Remember I told you how it seems EVERY money manager alive is sure that the markets are either about to crack or spike depending upon whether the “Next European Bank Bailout Is Big Enough” to last for a while? […]
Morning and trade update
Good morning and welcome back to the fear farm where they cultivate your worries into full-fledge fears for sell on the market. It’s a Friday in 2011 and that means that we have to spend most of our stock market energy talking about some EU/Techno-/Bureau-(Fill-in-the-blank)-crats. Were the socialists in charge of Europe supposed to have […]
An options strategy for the very near-term
Okay then, since we’re all being forced to care about what some idiot former Goldman Sachs dude who’s now in charge of figuring out how to keep Goldman Sachs from admitting that it’s all but already completely insolvent and fraudulent, let’s talk about what’s probably the best approach for tomorrow’s action and on into the […]
An Abbott and Costello Market
COSTELLO: There were 7 officers. There’s a 7. Now I’m going to divide to prove it to you. Now, 28 doughnuts. (writes 7 and 28 and a blackboard) Now, 7 into 2. You couldn’t even push that big 7 into that little 2. Therefore we can’t use the 2. I’m gonna let Dizzi hold it. […]
Today’s Links
Here’s what I was reading and thinking about when I wasn’t training my employees this morning. Geithner Says He’s ‘Confident’ Euro Leaders Can End Crisis and Geithner ‘trusts’ Europe to resolve crisis and Geithner spoke to ECB, IMF heads – Does anybody but the corrupt or incompetent guys who keep running back and forth from regulator to million-dollar employees at […]
Markets and what I’m bidding on right now
And set up shop at the top of four seasons Kid Rock and I’m the Real Mccoy And I’m headed out west sucker ’cause I want to be a Cowboy!! Baby! – Kid Rock Whew, I’m back from a wild trip and it sure feels like it oughta be a Friday. But it’s Wednesday and […]
Today’s Links
Here’s what I was reading and thinking about when I wasn’t preparing to blow everybody’s mind by telling the audience that a lot of them are a bunch of leeches and bums living off government welfare at a big investment conference I’m at here in Phoenix, sponsored by the welfare bank, Goldman Sachs GS. The […]
Economic idiots, the markets and opening thoughts
Good morning and welcome back to the hotel, where you better remember to check out in time. I just ran into Christina Romer, former chief economist for the latest Republican/Democrat Regime puppet president, who used to come on my show. She remembered me and that made me happy if for no other reason than the […]
Nothing to help you but your hands and your own head: My latest positions
“I also know how important it is in life not necessarily to be strong, but to feel strong. To measure yourself at least once. To find yourself at least once in the most ancient of human conditions. Facing the blind death storm alone, with nothing to help you but your hands and your own head.” […]
Unemployment and stocks are not correlated at all
Well, unemployment is now only 15% higher than where Bush and Obama promised us it would go if they didn’t start the banking bailout bonanza that has taken the world by storm in 2008. Remember that? Both parties promised that unemployment would go close to 9% if they didn’t send banks trillions of dollars of […]
Today’s links: Idiots from Harvard, Idiots from JP Morgan and other stuff
Here’s what I was thinking and reading about when I wasn’t worrying about my dog’s seemingly sudden weight problem. Out of the blue the other day, my mom told me, “He’s fat”. I blame the hot dogs that some nameless friends of mine have been sneaking him. I probably need to work him out more […]
Garage mechanic market and another update on the AMR trade
Good morning and welcome back to the garage, where you better know and trust your mechanic, or he might have stolen your engine by the time you go back to get your car, a la MF Global. The markets are having a hard time extending the gains that they ended yesterday at 4pm with, but […]