IMHO I THINK WE ARE IN early stages OF A nasty bear market!! as above chart elaborates, today was NASTY and over 90% down volume, NONE of the rally days could muster that.
I do not post much anymore because most of my loyal readers just lurk, I honestly don't know how many ready my blog. I get busy, I own a company.
But I'll post whenI can.
Is Bernanke FEEBLE or what? You had bubble in 90's, you reinflated with REDICULOUS low rates in the bull run of 2003-2007, that is OVER. But all it created was MORE BUBBLES and INFLATION. It killed manufacturing.
The infection known as "sub prime" was shipped ALL OVER THE WORLD...where the hell was the FED? or anyone? ALLOWED to fester rampant speculation and now look at the mess!
BANKS WONT LEND, M and A dead, CDO'S DEAD......FED trying same old tired tricks (they got nothing else) lowering rates again....but this time it isnt any fun!
Where is the money going? COMMODITIES!!!!!!!!!!! loo at OIL, GOLD WHEAT etc...damnit.
But good ole Ben isnt worried about inflation? IDIOT! US DOLLAR isnt worth wiping your ass with it my friends!
LISTEN to RON PAUL!!
http://www.contraryinvestor.com/mo.htm here's another bubble there another bubble.....no STEADY EDDY GROWTH JUST STUPID BUBBLES
As rates fall (short end) Long rates WERE stubborn but FEAR send the HERD there last few days...safety in Bonds....a big 3.6% 10 year whoopieee.
You got a FED just follows market, all they do and denies inflation, not worried about $100 OIL maybe $120 but not $100 oil. $970 GOLD ( setting all time highs) they cant talk inflation away..but who is really listening anyway?
Mono line rumors each day some bad most promise buyout or something.....look EVEN Warren BUffet won't touch them! only wants the good stuff?
Bank gets nationlized in England...Northern Rock
LONDON (AP) -- U.K. treasury chief Alistair Darling said Sunday that struggling bank Northern Rock PLC will be nationalized after the government rejected two private takeover bids.
Darling told a news conference that the ailing mortgage lender would be placed under temporary public ownership because both bids had failed to meet the government's criteria for protecting taxpayers.
"The new board and the company will operate at arm's length from the government, with complete commercial autonomy for their decisions," Darling said.
Darling told a news conference that the ailing mortgage lender would be placed under temporary public ownership because both bids had failed to meet the government's criteria for protecting taxpayers.
"The new board and the company will operate at arm's length from the government, with complete commercial autonomy for their decisions," Darling said.
and this
NEW YORK (Fortune) -- Not long ago, Goldman Sachs alums Geoff Grant and Ron Beller looked like superstars. A prescient wager on the collapse of the subprime mortgage bond market generated last year a whopping 87 percent return for one of their hedge funds.
The twosome, who run London-based Peloton Partners, aren't looking so shrewd these days. They've been forced to liquidate their once high-flying ABS fund after gambling big on a mortgage bond rebound that didn't materialize. The $1.8 billion fund's collapse comes after a series of recent trades dropped sharply in value, leading to margin calls from creditors that the firm was unable to meet.
The ABS fund's implosion, coming just three years after Peloton Partners was formed, highlights the steep challenges that hedge funds face amid the credit crisis gripping Wall Street. Last week D.B. Zwirn & Co shut down its two biggest hedge funds amid investor defections. Citigroup halted earlier this month withdrawals from one of its hedge funds.
The twosome, who run London-based Peloton Partners, aren't looking so shrewd these days. They've been forced to liquidate their once high-flying ABS fund after gambling big on a mortgage bond rebound that didn't materialize. The $1.8 billion fund's collapse comes after a series of recent trades dropped sharply in value, leading to margin calls from creditors that the firm was unable to meet.
The ABS fund's implosion, coming just three years after Peloton Partners was formed, highlights the steep challenges that hedge funds face amid the credit crisis gripping Wall Street. Last week D.B. Zwirn & Co shut down its two biggest hedge funds amid investor defections. Citigroup halted earlier this month withdrawals from one of its hedge funds.
***D
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