My retirement was taken care of before I was born with Social insecurity. We all know how that has turned out. Now I can go to the feds for not only retirement, but now I can get a home loan through them as well as(of today) any insurance needs.
Who needs a Free and orderly market. Just let the feds handle it. I never thought I would see my beloved home land become a socialists Paradise. But here we are.
Now the gov gets to determine who lives and who dies. Why wasn't Lehman important enough to live yet AIG, Bear, Fannie etc. When you get central planners isn't this what happens? Not my choice, but they decide who survives and who doesn't. Start the lobbying now because if I want to survive I had better get on the good side of these Central planners.
I read where I am a snotty nosed immature thinking of free markets at this time. We need the gov to step in I am told. Heaven help this mentality.
If you cannot see the inflationary pressures, then you should turn your money over to one of these institutions. 140 billion pumped into the markets this week not including the 85 billion rescue of AIG. Yet we cant even pay our bills but we spend more and more.
I will ride out this correction. As long as we have the established mentality we do, we are destined for hyperinflation. The only investments I know that can withstand this assault is commodities.
Best of luck to everyone, these are trying times of our very existence of free markets.
Tuesday, September 16, 2008
Sunday, September 14, 2008
Another Sunday
Well Lehman could not get the needed funding. It will file for BK today. Wonder if they had fessed up earlier and got the needed bail out before Bear or would it have mattered not because Bear had better lobbying. No one will know. Just another weekend from a corrupt government.
They even opened for an emergency trading session. Let me explain. You just got screwed again!!! What level playing field??
Will Merrill trade against Goldman, how about Bank of America against JP Morgan?? Not likely. They are all in this game the same. What the emergency trading is really about, is taking out stops that were placed Friday. Forcing you and I as speculators to regret our positions.
Hold on tight because this emergency trading is nothing more than a fleecing. What pensions and IRA's are going to get hit on this one? What banks that are not invited to this special trading will not be able to sell their pie of Lehman?
Glad my positions are where they are. These corrupt guys are not even hiding the stealing.
Glad we have Obama or McCain to save us....get real here folks. Wake up. The real power is showing you right now. We have allowed ourselves to be controlled by institutions we cannot even vote on.
They even opened for an emergency trading session. Let me explain. You just got screwed again!!! What level playing field??
Will Merrill trade against Goldman, how about Bank of America against JP Morgan?? Not likely. They are all in this game the same. What the emergency trading is really about, is taking out stops that were placed Friday. Forcing you and I as speculators to regret our positions.
Hold on tight because this emergency trading is nothing more than a fleecing. What pensions and IRA's are going to get hit on this one? What banks that are not invited to this special trading will not be able to sell their pie of Lehman?
Glad my positions are where they are. These corrupt guys are not even hiding the stealing.
Glad we have Obama or McCain to save us....get real here folks. Wake up. The real power is showing you right now. We have allowed ourselves to be controlled by institutions we cannot even vote on.
Tuesday, September 9, 2008
Now that the cheers are over
We begin the terrible dissection of what just happened Sunday. I am a bit surprised that 300 million taxpayers putting 5 trillion into this only saw a 300 point rally in the dow. This is an example of things to come.
So where do we go from here? There is no argument that housing loans will now get cheaper. In fact housing loans have been the cheapest in a lifetime most of this decade. So that is not new. What most are missing here is that just because loans are going to be cheap, who is going to make the loans?
It is like every time I make a trade, someone on the other side has to take the opposing view for the trade to go through. For every loan, there has to be someone buying the paper. Just because the feds are going to be there artificially buying these things does not has not will not change the fact that Real Estate is still going down. Homes are still in record foreclosures, housing inventory is still million in surplus and getting larger. So as an investor, once I come down off my cheap credit fix I will be once again looking for the next high. What part of our freedom are we going to give up to make our junkie habit feel good again. When will it stop? After the auto industry, the airline industry, etc. Once we all become shareholders who or what is left?
Once again after the dust settles and we begin to understand what we just did, the only stored wealth will be gold, silver, oil etc.
It sounds like a record, but as long as the feds keep with the same tunes the same tunes for investors hold true.
As option traders we need to focus on the trend and buy out far enough to not get trapped in the violent swing these knuckleheads in Washington cause. Then as the trend continues we are there. But we have to remember that time is eroding our value each day. To compensate for this we sell closer options to collect time decay in our favor while we wait for the trend to do its thing. Often times corrections appear to be trend changes. Most of the time the talking heads can make us feel that we are wrong. Do not listen to them after all they are for entertainment value and to make the masses feel good about the investments they have made. We all know how the masses come out in the end.
So where do we go from here? There is no argument that housing loans will now get cheaper. In fact housing loans have been the cheapest in a lifetime most of this decade. So that is not new. What most are missing here is that just because loans are going to be cheap, who is going to make the loans?
It is like every time I make a trade, someone on the other side has to take the opposing view for the trade to go through. For every loan, there has to be someone buying the paper. Just because the feds are going to be there artificially buying these things does not has not will not change the fact that Real Estate is still going down. Homes are still in record foreclosures, housing inventory is still million in surplus and getting larger. So as an investor, once I come down off my cheap credit fix I will be once again looking for the next high. What part of our freedom are we going to give up to make our junkie habit feel good again. When will it stop? After the auto industry, the airline industry, etc. Once we all become shareholders who or what is left?
Once again after the dust settles and we begin to understand what we just did, the only stored wealth will be gold, silver, oil etc.
It sounds like a record, but as long as the feds keep with the same tunes the same tunes for investors hold true.
As option traders we need to focus on the trend and buy out far enough to not get trapped in the violent swing these knuckleheads in Washington cause. Then as the trend continues we are there. But we have to remember that time is eroding our value each day. To compensate for this we sell closer options to collect time decay in our favor while we wait for the trend to do its thing. Often times corrections appear to be trend changes. Most of the time the talking heads can make us feel that we are wrong. Do not listen to them after all they are for entertainment value and to make the masses feel good about the investments they have made. We all know how the masses come out in the end.
Monday, September 8, 2008
THE bailout
Certainly everyone has heard...Is this American free enterprise or is this old school European style socialism?
This was supposed to bring confidence back yadda yadda. What it did was bring up more questions. What do you do with a bankrupt company? Yes, the only reason this is done is because these two are bankrupt. What does this say about the housing industry? What is happening to all of these banks holding these notes as assets now?
We as taxpayers now own 1/2 the U.S. real estate. We all know how good a job the gov does running things. But the big fear that only one I have seen to far reading about addresses, we have just doubled our treasury debt on one weekend. Think you taxes are high now....Forget about Obama or Mccain, concentrate one Paulson and Bernanke.
Buy treasuries? No thank you I like gold please and more quantities please. But make it on the sly, last time this happened it became illegal to own the stuff. So be careful who you tell you are buying. If you are aggressive like we try to be, buy gold companies those seem to avoid the hording un american blame game since they do employ people
This was supposed to bring confidence back yadda yadda. What it did was bring up more questions. What do you do with a bankrupt company? Yes, the only reason this is done is because these two are bankrupt. What does this say about the housing industry? What is happening to all of these banks holding these notes as assets now?
We as taxpayers now own 1/2 the U.S. real estate. We all know how good a job the gov does running things. But the big fear that only one I have seen to far reading about addresses, we have just doubled our treasury debt on one weekend. Think you taxes are high now....Forget about Obama or Mccain, concentrate one Paulson and Bernanke.
Buy treasuries? No thank you I like gold please and more quantities please. But make it on the sly, last time this happened it became illegal to own the stuff. So be careful who you tell you are buying. If you are aggressive like we try to be, buy gold companies those seem to avoid the hording un american blame game since they do employ people
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