CDS

CDS---Know what that is? I'll tell you. It is one of the major causes of the breakdown of the worlds financial system. It probably is the major cause of AIG going under...of Lehman going under...of Bear Stearns going under....of Merrill Lynch almost going under....Of Wachovia almost going under....of GE now at $6 a share....of Berkshire losing 60% of its value.

It all started 10 years ago....a "thing" made up by JP Morgan Chase...a fucking bank...with no regulation....no oversite...and now we are all paying for it.

Now there are $47 trillion worth of them out there and the people who own them make more money by wanting and forcing the companies to go bankrupt. Way to go fuckers!!!

Tomorrow we will talk about CDS's.

New Lows

Well another week is gone and the markets have hit another new multi-year low. Somewhere between 12-13 years. That my friends is a long time. In fact, for every 10 year rolling period in the stock market....in the history of the market....like in forever....the last 10 years has been the worse ever in history. The average return for the last 10 years is (-2.5%) per year.... for the last 10 years.

YIKES!!!!

OUCH!!!!

MAMA!!!!

HURT ME!!!!!

Time for a t-sunrise and some mellow music. The weekend is here and the market is closed.

See you Mary.

Obama says to buy

So Pres Obama says to buy stocks. Well you know what I think about that?

Fuck You Obama. You don't what the hell you're talking about.

On a technical basis there is no bottom set in the market. It can and probably will go lower. But what the hell do you know. You spend money we don't have. You allow 8000 earmarks in a bill when you said you wouldn't allow any. In a few years inflation will become rampant. You are socializing our country to no end. You allow tax cheaters to run our country. And I could go on and on..but I won't.

SO FUCK YOU

Maybe tomorrow we will talk about technicals...unless something else comes to my mind.

A thought

I was thinking last night and thought about how the markets have changed. How the dynamics have changed this last year. The largest investment banks are gone. Goldman Sacs is gone...now a regular bank. Lehman Bros. is gone...bankrupt. Morgan Stanley is gone....now a bank. Merrill Lynch is gone...if it hadn't been bought out at a couple dollars a share it too would have been bankrupt. Wachovia is gone..if it hadn't been bought out for a couple dollars a share it would have been bankrupt. Citibank Bank got rid of Smith Barney or it would have been bankrupt..it still may go under. AIG....forget them. And the one that started it all...Bear Stearns...gone and bankrupt and taken over.

Absolutely amazing...how the landscape has changed. How the world has changed. All this started because of the subprime loans and leveraging and derivatives. In a nutshell I guess.

And the most amazing thing? We're still in a fucking war and everyone seems to have forgotten about that.

Maybe more about the portfolio tomorrow.

Uh...Down We Go

And down we go...and go...and go...and go. What was it...12 year...13 year...14 year lows? Does it really make a difference? Big volume...big down and new lows. And what's a person to do?

Run and hide? Sure sounds good. Probably what I'd like to do.
Sell everything that's left? Probably not too good of an idea.
Start buying what could be the new market leaders? Hmmm...maybe not too bad of an idea.
Go out and get drunk and get naked? Sounds good to me. Where do you want to meet? (ladies only)

Tomorrow we will talk about how to prepare your portfolio for the eventual upturn in the market.

Yes...there will be an upturn Mary.

Holy Crap!

So here I am doing a little research and eating some Lucky Charms and one of my marshmallows looks like a rabbit and I'm thinking.....whoa....I haven't blogged here in a while. So I take a look and .......Holy Crap.......9 full months.

So what has happened? Hmmmm? In a few words? Total Catastrophe. Or as the average person would say....something really Fucked Up.

Our financial system has fallen apart...we are becoming a socialized country...there have been fraud upwards of $50 billion dollars...the auto industry is going bankrupt...most of the banks are going bankrupt...as are the insurance companies.

I could go on and on but I'm sure you have read the papers and heard the news.

But there are some good points to all this.

No more bank robberies...hell there ain't any money left there to rob.

And I can't think of any more good points.

So what's the point of all this?

It is time to prepare for the future. To get your portfolio ready for the next bull market. That's right a bull market. Because when it comes you have to be ready.. and that is what we will talk about.

So get ready and we will start to talk about how to prepare.

And one other observation. What the hell is all the BS on the highways in AZ with these speed cameras. Do you know what it's like going from 90 to 70 to 90 to 70. Damn annoying it is.