Did U Think The Ponzi Scheme Would Last?

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    • Tue Dec 2nd 03:34 AM
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      Rating: 0 0
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      Bond Trading Trends Warn of Deflation
      I think it is important to not fall in love with a theory or a model the same way one should not fall in love with a stock or an index. Let the data do the talking and let the charts be your guide. Everything else is noise.
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    • Sun Nov 30th 14:37 PM
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      A 5-Point Plan for Getting Out of This Mess
      Your plan implies that if the gov't just "does the right thing" that we can all get out of this easily. This thinking is woefully misguided and is an artifact of the new socialism / nanny state which the USA has become. The gov't is not responsible for the economy and in fact history has always shown that gov't driven economies are inefficient because they let political imperitives drive policy. If that terminology went over your head, it really means that corrupt governments will bail out their politically powerful friends even if it is the worst possible expenditure of public funds.

      The US gov't got us in this mess by cramming a privately owed central bank - the federal reserve - and its policy of fractional reserve banking down our throats. This gave regional banks the power to create money from thin air in the form of credit which of course they did to excess and now there is no recourse but to endure a huge crash that will hurt tens of millions in the US and hundreds of millions around the globe.

      The only viable fix is to reduce consumption, to let bad debt fail, and to eliminate the federal reserve and fractional reserve banking. On top of that we need to go back to sound currency which is commodity based, gold being the number one choice. This will not be easy, but at this point nothing will be easy. But after 2-4 years of very hard times under this new regime we will again return to sustainable prosperity - not fake hyper prosperity that has been happening in our boom-bust business cycle for the past 35 years since we left the gold standard.

      All I have seen in the gov't and in the media are attempts to continue the old way of life through more financial tricks. Sorry, that game is over now and it is over on a worldwide scale. People's expectations need to be reset going forward because the party is now over. Printing more money from thin air will simply result in the debasement of the savings of honest people. Do we really want this?
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    • Sat Nov 29th 05:49 AM
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      Rating: +2 -1
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      Last Thursday Was the Bottom - It's Time to Get Back in
      Go look back at 1929-33. How many people said the same thing? The market is falling apart IMO and the earnings in 2009 and 2010 will be abysmal with some sunshine in 2011 MAYBE.

      In short, I think you are catching the falling knife.
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    • Fri Nov 28th 02:51 AM
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      Fast Money Recap - Has Buffett Lost His Touch? (11/25/08)
      Buffet never invested through a depression. He thinks prosperity is unending and without bounds. He thinks we get a little glitch here and then off to the races again. I say the credit boom is now bust and it will not be coming back soon. I guess only one of us will end up being right but look for people to start making fun of Warren soon.
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    • Wed Nov 26th 03:46 AM
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      JP Morgan Strategist: U.S. in Most Severe Downturn Since Great Depression
      If you think policy response is different than 1929 you need to do more research. If you think the gov't can save this mess you need to have your head examined.

      The market is faaaaaaaaaaaaaaaaaaaar bigger than the gov't. 100 cowboys cannot herd 1000000 bison if the bison do not want to he herded.
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    • Wed Nov 26th 03:16 AM
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      Commented on:
      How to Make Short Puts Worth Your While - Hypothetically
      WHAT!!!???? Write puts??? YOU IDIOT!! I have been buying the deep out of the money 2010 puts and making big returns.

      Buy puts, don't write them! We are in a deflationary collapse like the great depression. You need to just go to cash immediately before you lose all of your trading funds. REALLY. Writing puts is simply wreckless.
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    • Mon Nov 24th 02:13 AM
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      Rating: +1 0
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      China Continues To Consider U.S. Treasuries Its Best Option
      Just watch the price of gold if you want to know when people give up on treasuries. Breaking out to a new high past 1030/oz will be a wake up call to a lot of people.
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    • Mon Nov 24th 02:11 AM
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      Rating: 0 0
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      Geithner!
      Geit-who?

      More blind leading the blind. He's not going to save anyone.
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    • Mon Nov 24th 02:08 AM
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      Rating: +1 0
      Commented on:
      Leaking Geithner: Good News for Currencies, Markets
      This is just the latest talking head to be trotted out. This is the game they played 1929-33 as well: just keep putting one pundit after another out there telling us how we need more "confidence" which is code for "borrow more money".

      But the boom is bust and bust it will be for at lease 18-24 more months or until all stocks revert to at least their 1995 price or worse. Just remember, credit reflating requires that credit be available (they are working on this one still) and that people actually accept the credit and consume more. This is a difficult thing to do when lay offs are increasing. Forget the official 10% layoff cap they are throwing around. It will be 15% at least before this is over and across the board salary cuts of 20% or more for those who remain working because that's simply what happens in a deflationary crash.
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    • Fri Nov 21st 13:09 PM
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      Home Buyers in Southern California Ignore Bad Financial News
      I think this is called "catching the falling knife". Sorry, a $500k shoebox in socal is really no better of a deal than a $1m shoebox in socal. Many of these people buying are taking advantage of the still too loose lending practices and they will turn the keys back in next year when the homes lose another 30% of their value. They have until Dec 31 2009 to do so without incurring a tax bill on the forgiven amount and so I expect a pick up in jingle mail to occur around june-july of 2009.
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    • Fri Nov 21st 13:04 PM
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      Rating: +1 0
      Commented on:
      Calling a Depression
      My pseudonym says it all. The whole market is a Ponzi scheme based on greater fool theory. The depression is nothing more than the mass realization of this fact. The ponzi scheme is now in full unwind mode and smart people will buy and hold Jan 2010 puts on just about anything. Deep out of the money = better.
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    • Fri Nov 21st 12:59 PM
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      Berkshire Hathaway Down Nine Days in a Row
      Don't know how to tell you guys but Berkshire is a classic mania chart and it has entered mania unwind mode. If you want to know what this looks like, go look at the POT or the BA charts or many others like them. It's all one market. It all floats on the same sea of fiat currency and, worse yet, credit based on a fractional reserve system that really should be called a fictional reserve system. The whole thing is getting a massive margin call just like Dow 1929-1933 or maybe the panic of 1873.

      Yes, it's that bad.
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    • Fri Nov 21st 12:55 PM
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      Rating: 0 0
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      Jim Rogers on Today's Market
      Rogers will end up being right. Early in his calls like Prechter and Schiff, but correct nonetheless.

      These guys simply need to wait for the charts to tell them what they should be doing instead of leading with their portfolios.

      DOOP! Is gold really up $50/oz today? ....
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    • Fri Nov 21st 12:50 PM
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      'Market Timing Is Impossible'
      There is no need to time the markets right now because they are in mania unwind mode for some time to come. Just buy 2010 puts on almost anything and wait for the crash to play out. No timing needed. Buy and hold the puts. This is FAR outperforming any attempts to time the market week by week.
      View article »
    • Fri Nov 21st 12:48 PM
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      Rating: +1 0
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      FOMC: Maybe They Should Meet for an Entire Week?
      Ron Paul should get credit as the original fed basher. He has been doing this for 30 years. It is wonderful to see his old videos on youtube where he is saying the same things today as back then:
      -sound money
      -stick to the constitution
      -less gov't
      -more freedom

      I just want to know why America can't understand the simple, uncomplicated genius of that man.
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