tag:blogger.com,1999:blog-6492542366661862113.post3281388409574959023..comments2023-10-31T01:32:09.169-07:00Comments on The Housing Time Bomb: Goldman Sachs Lack of Remorse Says It AllJeffhttp://www.blogger.com/profile/04450070920047311928noreply@blogger.comBlogger31125tag:blogger.com,1999:blog-6492542366661862113.post-84412438604630864922009-07-20T19:53:26.054-07:002009-07-20T19:53:26.054-07:00I love silver too.
I am over 10% on by metals hed...I love silver too.<br /><br />I am over 10% on by metals hedges.<br /><br />I still think short term deflation is a serious risk. Long term, its a no brainer that inflation will become a nightmare.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-87508175219226209362009-07-20T19:16:03.210-07:002009-07-20T19:16:03.210-07:00I am very biased via precious metals, but....
Thi...I am very biased via precious metals, but....<br /><br />This whole show of fiat money is going to end, and badly. Whether this week, next month, or next year I have no idea. Any prudent investor must consider a 5% (I argue for 10%) in gold and or silver preferably in physical holdings just in case. My 2 cents.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-70060034641450459422009-07-20T18:31:36.993-07:002009-07-20T18:31:36.993-07:00Get
Yeah that call seemed very desperate to me.
...Get<br /><br />Yeah that call seemed very desperate to me.<br /><br />I think the green shoots are browning and they realize its time to get the hell outta dodge.<br /><br />Lots of bad earnings today. I will be back tomorrow with a post.<br /><br />Futes a whopping -3..lol<br /><br />Lets see if the street can muster up some more bullshit and take this market higher tomorrow.<br /><br />Its almost comical at this point.<br /><br />I find the move in Gold to be very interesting. China and the ROW are loosing confidence in the dollar IMO.<br /><br />There are so many things that could take down the market.<br /><br />Bernanke's testimony is one of them. He better have an exit strategy. I don't think he knows what the hell to do at this point. It seems like he is just winging it right now.<br /><br />Tempted to start buying some PUTS, but I may wait until this puppy breaks 1000.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-11863151408281307242009-07-20T18:05:31.752-07:002009-07-20T18:05:31.752-07:00Peter, I take it you have not been to Germany, Aus...Peter, I take it you have not been to Germany, Austria, Italy, and Switzerland. There is a difference.<br /><br />In fact, Austrian German is recognized and protected under EU law (under the sinister sounding “Protocol no. 10”).Herbhttps://www.blogger.com/profile/09778090152799165490noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-47917383344759260272009-07-20T17:28:46.660-07:002009-07-20T17:28:46.660-07:00Jeff,
my sentiments exactly and I speeld it out in...Jeff,<br />my sentiments exactly and I speeld it out in tonights post. Those guys are either very brave or unreal stupid. I vote the latter.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-21252208339316320502009-07-20T17:08:24.054-07:002009-07-20T17:08:24.054-07:00Get
Yeah
Sold to them.
Why do I have this feeli...Get<br /><br />Yeah<br /><br />Sold to them.<br /><br />Why do I have this feeling that Goldman wants the hell out of this market.<br /><br />I bet they will sell into one last pump.<br /><br />What slime.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-91267719323824848562009-07-20T17:04:58.863-07:002009-07-20T17:04:58.863-07:00How about that wild forcast by the Goldman crew to...How about that wild forcast by the Goldman crew today? S&P earnings going to double in 2010?? Ok.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-2688822729426974802009-07-20T16:17:59.346-07:002009-07-20T16:17:59.346-07:00Peter
YOu are on a tear tonight!
You sound as fr...Peter<br /><br />YOu are on a tear tonight!<br /><br />You sound as frustrated as I do when it comes to all of this crazy BS.<br /><br />I may have a post up later.<br /><br />We are having trouble with high speed internet in my area today.<br /><br />If I can get one up it will be short.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-64806266282079196702009-07-20T13:53:01.346-07:002009-07-20T13:53:01.346-07:00Snood, I speak "High" English all the ti...Snood, I speak "High" English all the time, especially around 4:20, but no one would confuse that for its own language. That's like saying Argentinians and Spanish or Scots and Brits speak different languages.<br /><br />The guy meant what he said, don't make excuses. There is no reason for him to know that Austrians speak German because he is a moron. The only people left supporting this clown after 6 months are the avowed collectivists and those who would rather kill themselves than admit they made a mistake and were conned by the king of con artists.<br /><br />Don't get me wrong, I did not vote for the Idiot McCain either. Both parties are douches. The sooner every real American comes to that conclusion the sooner we can get rid of them all and reinstate our Constitution. <br /><br />Health care is not a right, bearing arms is!Peterhttps://www.blogger.com/profile/08899893479880360468noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-83632599550647476412009-07-20T13:25:22.736-07:002009-07-20T13:25:22.736-07:00They speak Austrian German in Austria (different f...They speak Austrian German in Austria (different from High German), so that is not really a mistake.Herbhttps://www.blogger.com/profile/09778090152799165490noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-80586726190305158412009-07-20T13:12:28.961-07:002009-07-20T13:12:28.961-07:00$23 trillion is nothing that Bobama can't hand...$23 trillion is nothing that Bobama can't handle. Actually, I don't think he is smart enough to figure out how many zeros are in a trillion. This of course is the guy who thinks they speak Austrian in Austria and the stocks are a buy because their "prices and earnings ratios" are low. Is it possible that we have a President that is so stupid he has no clue what a P/E ratio is? Oh wait, he is a genius, he went to Columbia and Harvard. Yes, he is Wiley Coyote "super genius."Peterhttps://www.blogger.com/profile/08899893479880360468noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-31956304084958632162009-07-20T13:05:22.032-07:002009-07-20T13:05:22.032-07:00Unreal
The unstoppable bounce!Unreal<br /><br />The unstoppable bounce!Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-73850806358086380462009-07-20T12:01:45.638-07:002009-07-20T12:01:45.638-07:00$23tn? Ah, now we are talking real money!!! ;-)
...$23tn? Ah, now we are talking real money!!! ;-) <br /><br />What a bunch of asswipes America has become! Outrageous!!! And the market seems not to bother at all!!! The bulls love it. :-)John Maynesnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-2211219665814994262009-07-20T11:10:29.569-07:002009-07-20T11:10:29.569-07:00$23 trillion is nothing a little hyperinflation ca...$23 trillion is nothing a little hyperinflation can't cure.Herbhttps://www.blogger.com/profile/09778090152799165490noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-60950487493896211332009-07-20T10:10:40.284-07:002009-07-20T10:10:40.284-07:00oops typo above
$23 trillion in debt that must be...oops typo above<br /><br />$23 trillion in debt that must be cleared.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-69200743481868773322009-07-20T10:09:57.518-07:002009-07-20T10:09:57.518-07:00Great
TARP regulator just came out and said there...Great<br /><br />TARP regulator just came out and said there is $23 trillion in debt amongts our financial syste,<br /><br />WTF. YOu have got to be kidding me!Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-92114716919685004072009-07-20T09:48:34.731-07:002009-07-20T09:48:34.731-07:00I agree guys
I think something really bad has to ...I agree guys<br /><br />I think something really bad has to happen in order for the herd to wake up.<br /><br />A large bank failure perhaps?<br /><br />Bond market dislocation?<br /><br />I think its too late to jump in on the long side. Who knows? Maybe we run over 1000 on the S&P.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-28487932404042138982009-07-20T09:26:20.881-07:002009-07-20T09:26:20.881-07:00Jeff, I think that things are going to take longer...Jeff, I think that things are going to take longer than we think but when they happen they will happen very quickly. It's just that this is a psychology game, the economy/market is a herd mentality and right now the herd is being brainwashed into seeing and hearing no evil. It is the herd that is being manipulated that is propelling this market and it will continue until it stops.<br /><br />For example, look at 2008, if you bought the market at the end of Jan and sold in mid August you would have made a profit. Can you believe that, as horrible as it was for the year all the downside was in a short two month time frame. Throughout 2008 we were told it was fine, the herb bought it, then when the herd finally bathed in reality everything was undone in just a matter of weeks.<br /><br />The problem I see for us "realists" is that we see and understand what is happening, but it is meaningless in terms of the market until the herd sees it. How many people saw this housing crisis coming in 2005-06 but it was not until late 2007 that the market even budged downwards.<br /><br />To us it is clear what is going to happen in this country, the only real question is when the herd and manipulators will have no choice but to admit it.Peterhttps://www.blogger.com/profile/08899893479880360468noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-183426452008814932009-07-20T06:59:56.062-07:002009-07-20T06:59:56.062-07:00yet another day and nothing happened... everything...yet another day and nothing happened... everything is honkie-dorie... no blowout because of the bonds, rates, etc... just sideways market with possibility of running higher...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-50286826875206547532009-07-19T21:48:12.185-07:002009-07-19T21:48:12.185-07:00Snood
Totally agree
Futures are up again tonight...Snood<br /><br />Totally agree<br /><br />Futures are up again tonight.<br /><br />It's just unbelievable how the market continues to rise as Rome burns.<br /><br />Its pure insanity. I have seen a lot of bears get wiped out on this move.<br /><br />I wouldn't touch this market with a 10 foot pole right now.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-82610977373977533052009-07-19T21:20:24.661-07:002009-07-19T21:20:24.661-07:00Its also hard to trade a market that trades based ...<b>Its also hard to trade a market that trades based on fraud. You are forced to speculate vs trade on fundamentals .you are basically gambling in a market like this when u trade</b><br /><br />Trading is nothing more than gambling right now unless you are Goldman. Goldman knows the dealers hole cards.Herbhttps://www.blogger.com/profile/09778090152799165490noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-73844456139469241832009-07-19T19:59:23.672-07:002009-07-19T19:59:23.672-07:00Anon
I hear ya.
They don't see the brown sho...Anon<br /><br />I hear ya.<br /><br />They don't see the brown shoots because they are oblivious to it.<br /><br />Most people don't pay attention to this stuff like we do.<br /><br />Most have never even heard of green shoots. They talk to their broker once a year usually after the market tanks.<br /><br />The fact that we are so clueless around our investments is amazing to me. Its one of the most important things in our lives and yet for the most part Americans spend no time trying to stay up to date on their nest eggs.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-31961909000426468712009-07-19T17:41:08.888-07:002009-07-19T17:41:08.888-07:00I know you care. I used to. But now I feel it is j...I know you care. I used to. But now I feel it is just pointless. Unless the investors live in cave for years, they should clearly see that the economy is very sicked. Home values are still dropping. Personal credit line (CC and HELOC) are dwindling. Businesses are slowed. Employees are being laid off.<br /><br />So how can they believe on the "green" shoots? All I see are "brown" shoots.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-66330483984733668702009-07-19T15:59:11.602-07:002009-07-19T15:59:11.602-07:00Anon
I care because its wrong and many uninformed...Anon<br /><br />I care because its wrong and many uninformed innocent people will be hurt as a result.<br /><br />Its also hard to trade a market that trades based on fraud. You are forced to speculate vs trade on fundamentals .you are basically gambling in a market like this when u tradeJeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-67219420098130720152009-07-19T14:54:43.511-07:002009-07-19T14:54:43.511-07:00Guys, why bother to care anymore? The government i...Guys, why bother to care anymore? The government is corrupted and the majority of the American people are just plain gullible, ignorant and blind. Their brains are consumed by the TV. Therefore they deserve to be raped by the thieves in Wall Street and DC. <br /><br />Knowing the truth, just use the knowledge to make more money. Take advantage of the system in anyway you can.Anonymousnoreply@blogger.com