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Sorry for the rambling, just depressed. See what happens when I'm away from the Board for a couple of weeks! Sheesh! I'll try to get back to posting and trading as soon as I can.
Keep your heads low, I would say cash is king but I see it sliding down again which will raise commodity prices again. The only good thing the Fed has done lately is not lower rates.....ramble, ramble, ramble....
Thom
I hope you finally get the justice you deserve, and lose a lot of money
From a political point of view they do not want appear part of the problem should the situation deteriorate based on their inaction, thus losing the election.
First off, "Democrats" is spelled with a capital "D". (Why not just go all in and call it the "democrat party" as Rush Limbaugh, et al do?)
Secondly, to indicate the "democrats" are so small as to bring down the American financial system and enjoy a total crash of the economy in order to win an election is flatly irresponsible and tantamount to calling them unpatriotic.
Moreover, I would like to indicate to you that the recent actions of the GOP may, in fact, be indicative of a group that puts party before country (I mean, which President has been putting us in debt up to our eye balls to the communists of China for the last eight years?)
Likewise I believe that it is wholly irresponsible to somehow raise your "valid" question regarding the "democrats" without posing the same "valid" question regarding the GOP. I mean isn't the whole point of your post "The Free market Is Dead"? Wouldn't a better, cynical question be, "In a year in which the GOP brand is so damaged, here's their chance to probe themselves free market supporters (by delaying action)?"
I've never really minded that you link bait your blog by always mentioning APPL, even when it's just in passing at the end of a post. And I've not really minded that your market analysis has been spotty at best these past months (yeah, you got the current melt-down right, but hey, it's not like you predicted the events of this week. You were just talking TA at the time-- three crows and all that), but I do mind this short sighted attempt to smear the "D"emocratic Party" for no reason whatsoever.
I mean, really which party controls the White House and has had control of the congress for seven of the last eight years? But not a peep about that. If you're going to talk politics in your blog, at least be smart enough to get it right.
Your former regular reader,
Christian
PS, when congress does pass legislation before going on recess are you going to admit you were wrong or will you just call them communists
You are a vulture who with other vultures-cost a lot of us money with your greed.
Company that are making money, Not the opposite.
Haven't you all been asking for no regulation. No oversight....the problem here is systematic and phylosofical.... Conservative and libertarian Have been denouncing for year goverment is the problem...let the market take care,,,, so What now?
YOU ASSHOLES BORROW TO BET THEN DISSEMINATE LIES TO AFFECT THE STOCK'S MOVEMENT . IF YOU FEEL SO MIGHTY PUT YOUR MONEY (IN FULL) WHERE YOUR MOUTHS ARE AT. YOU DON'RT DESERVE CREDIT TO BORROW A DIME AND BET .
I HOPE YOU ALL DROWN IN A SLOW PAINFUL SINKING
Chrysler" to at least have a little laugh at how pathetically our government bails out the big guys while leaving us little ones dangling in the wind. Guess if you're gonna fail you better do it spectacularly...
By the way, Cox must definitely be fired!
GET A JOB YOU PARASITE. I BET YOU DON'T QUALIFY TO EVEN WIPE TOILETS.
OPTIONS ALWAYS EXISTED - YOUR BREED OF SHORT SELLERS JUST FUCKED IT UP FOR EVERYONE BY ABUSING IT TO DEATH BY INITIATING MALICIOUS LIES TO MOVE STOCK TO YOUR DESIRED RESULTS.
YOU SHOULD AND PROBABLY WILL BE INVESTIGATED.
TUESDAY IS RIGHT - NO ONE SHOULD BACK UP YOUR BORROWING WITH "EFFECTIVE" CREDIT SO THAT YOU CAN GAMBLE YOUR "DEBT" TO PAY BACK THE LOAN. PUT YOUR HARD EARNED ( BET YOU DON'T HAVE ANY) CASH UP TO BACK UP YOUR BORROWING OF SHARES.
SCUM.
Second, how am I supposed to feel good about putting my money in CitiBank, Wacovia, Wamu and a host of others who haven't yet been taken to the cleaners for their bum loans? What's happened now is just spot remover.
Third, what about all those highly leveraged derivatives tumbling? Does this new RTC cover this?
Finally, what about my home mortgage? I can't get one because I lost money in the stock market, or am part of the 25,000 that HP is going to layoff or because my lender just won't lend to anyone because my neighbor's house is dropping in value. Why is my house being marked to market when I am not a seller?
i am holding some freddy mac common shares and i cant wait till the class action starts
first it was the library cards then the phone records then the common stock . whose protecting me from Bush? the stacked supreme court ? the strangely silent head of the sec? this has been a coup and a rape of the treasury
the fed is a private institution NOT PART OF THE GOVERNMENT our treasury stepping in is a different animal
zach is right this is socialism at its finest
once again i will post the quote that scares me the most because it is the play book this administration is using Over and over and like the author says it is easy and it works the same in any country
“ It is the leaders of the country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy, a fascist dictatorship, a parliament or
a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked and denounce the peacemakers for lack of patriotism and exposing the country to danger. It works the same in any country.”
Hermann Goering, Nuremberg Trials
It's also insane to think that anybody on this forum has the financial ability to take down a stock, that's wishful thinking. There are only a handful of individuals in the entire world who have that capital. Even if we combine all the individual investors on ALL the boards we could only drop or add the price of a large cap like AAPL for one day. It's institutional money, Mutual Funds, Pension funds that make the moves and their clients. Wake up. We play by their rules and in their court. The intelligent individual investor is trying to ride the coat tails of the big boys and get out when they've made a healthy profit, no matter what the direction. If you truely believe companies trade solely on their fundamentals then the whole concept of forward earnings should be scrapped. Stocks and Corporate Bonds should only reflect a company's current value and earnings, period. Anything else is gambling - oh wait-that's what we ARE doing. If you "invest" in a large cap company that doesn't pay a dividend then you are a fool. You trade companies like Appl. If you got in while it was mid cap or even small cap that fine but it should be a very small part of your porfolio and you buy PUTS or shorts to protect your gains but all you whiners out there that cry against the evil shorters don't want that. Is it only ok to short bad companies? Who gets to determine that? Does the SEC have to put out a "shortable" list. Wouldn't that be a self-fulfilling prophecy?
Again, NAKED shorting is supposed to be illegal except in very rare circumstances but should be out right banned and enforced. The up-tick rule should be brought back, it worked fine, it wasn't broken so why fix it. Otherwise insurance is a positive thing.
You assholes aren't playing straight - you SHORT AND DISTORT to make your gains- Thats the problem .
Shortsellers of the new breed disseminate lies panic and innuendo to drive the stocks down. The problem is they do this with little risk and by joint effort which may be considered a conspiring effort.....
It's people like Ruby and Tunkey that will always loose. You fail to use all the available tools and choose to blame others for their loses rather than coming to terms with a situation and using it to their advantage. This goes for all aspects of life, not just the Markets. Nothing anybody here did was illegal or immoral just opportunistic. Just as it's opportunistic to see AAPL at a price that is far too low, buying calls and then hoping the Government bails out the losers who deserve to honestly to drown and riding the false wave up. But I guess that's OK in your book.
And I keep seeing this "other options existed" but no examples are given. Should a wise investor put their $ in a Money Market instead of taking advantage of a deteriorating market? Oh, wait. MM's broke the buck so that was a sucker's bet. How about Muni's? But AAA rated communities are declaring bk so that's a loss too. Hmmmm, looks like the only way to make "proper" money according to you guys is to have the Government bail you out, sad.
For the record, I've been in cash for my trading account for a couple of months now, and am 50%cash and otherwise long in my family's IRAs with solid dividend paying companies that are well diversified. I am up 63% in my trading acct and 19 and 27% in the IRA's by going both long AND short in various companies including AAPL, CHK, WFT, CLF, POT and others. I have lost plenty of money and I have made plenty of money and the one thing I know is you don't fight the tape and cry to your Congressperson. You use whatever means are legally available to you instead of using the CAPS key to make up for your lack of knowledge or ability.
What don't you understand? maybe a rumor to your lender that you have cancer and aren't good for your collateral will change the picture?.....yeah yeah, don't get literal on this - you know what I'm saying.
You still fail to address any of my questions and have provided ZERO insight into how an exchange market works and how to profit legally and ethically from it. Therefore you are a troll.
btw - when I buy puts, real money gets taken from my account.
Last chance, give me an example of how you would make $ going long in a declining market while staying in the same sector. Hell, how would you insure your gains without exposing yourself to capital gains?
I took the time and effort to give you a legitimate, ethical way of using shorts to make $ in a downtrending market and insure your gains while minimizing your exposure to the IRS. Your counter was "put your $ where your mouth is - invest" Do me and the readership the courtesy of enlightening us to your Bear Market Strategy. What do I "invest" in? Do you mean Dollar Cost Averaging? Take it from a MOTT, DCA has killed more Jews than Hitler and Stalin combined.
What it seems to me is you are pissed @ Institutions lying to the downside to make $ (seems like you are ok with it if it helps the longs though I could be wrong). That's fine, it's wrong and illegal and the SEC is criminal in their negligence for enforcing current laws and regulations. I lost $20k on the Steve Jobs cancer BS and was pissed but I didn't cry over it and lash out at my fellow civilian investor/trader. I used my head and recovered and took opportunities as I saw them, shit happens - write your congressperson.
It seems to me like you owe Zack an apology, he isn't a fundie nor does he collude with them. Your accusations have as much validity as Eric Savitz's regular bs. For me, I just want your secret formula for going long in a Bear Market and making money, otherwise your permanent silence will do.
Hedging your best in a bear market is fair - but not when manipulate the news to spread fear and panic which brings them a quick dishonest windfall. Since you bring hitler into the conversation. He also spread malicious rumors to incite and ignite ignorant masses into hysteria.
Yes, you are right about some of your views on shorting and you freely admit ( I think thats you anyway) that you just follow the big guys...it's just like a snowball. First the recycling of SEC investigation Jobs rumors, then the 3G iphone bad chip story, then the cancer story...etc...Following the big guys means - Monkey say Monkey do. Fundies will do anything too to show their stats.
Technology has provided a means and podium which is indiscriminately used to manipulate and disseminate bogus news. So called reporters and writers need to have some professional responsibility and safeguard their freedoms by exercising discretion.
I'm not crying over anything but the demise of decency , integrity , honesty and respect. I have no agenda and am open to anything. Manipulation and selfishness are bad and this last week has proved what they can lead to.
You have generalized all people who short into criminals and therefore lack credibility. You also give the generic answer of "invest" in a good company in a bear market and you will magically make money. I know, trust and love Apple but even if Steve-O walked on water, the lake is drying up. no company is an island and consumer dependent company like Apple will experience a slowdown. If the pain was only being felt by America then it has a fighting chance, better than most I might add, but this is a global disease. Apple will probably move up for a bit like every other company out there from this Socialist bailout but it's perfume on a pig. Nearly 1 Trillion dollars is being injected into the system further de-valuing the dollar and we have given sick ailing companies a stay of execution when they should've been put on an ice flow and sent out to sea.
Like I said, I gave examples, ticker symbols and actual strategies that have handily beaten the market in Bull and Bear times. Stop being lazy and give me solid moves that have made you money in these troubled times, don't be selfish now. Sounds to me like you only make money in Bull markets, but then again only an idiot loses in an up market, the truly savy and "intelligent investor" makes money in a Bear market. Being only comfortable being long is fine though limited. But if you really believe in Apple's ability to perform beyond the abilities of the economy then you should be hugging every short seller you meet because they are giving you an unprecidented chance of getting more shares at a lower price. If you don't have the $ to buy more shares and are fully invested then you know jack about portfolio management. I don't know this, I'm not stating this as a fact, it's just a casual observation.
If you feel that strait out short is market manipulation then you must feel that flat out going long is the same. After all, if you buy enough stock you reduce the available supply and create demand thereby raising the price - Scandalous! When you short a stock you are putting it back into the open market thereby increasing supply and if the demand doesn't match and/or exceed the supply, the price falls - Evil!
At this point, I say If the government steps in to attempt to stem the bleeding with taxpayer money who the hell cares. It's a better use than dumping $$$ into failing public schools. We have run up 11 trillion dollars in debt feeding welfare babies so they could grow up and have more welfare babies.
Big Earners pay 80% of the Income tax anyway. Anyone that knows anything about the tax code knows the rich are going to pay for this buyout and they will benefit from it the most. But everyone will benefit. The wage slaves pay Social Security and Medicare but those programs cost more than they take in.
As for the rest of the tin foil hat crowd, you'll make no progress teaching them. Their panties are in a twist that the FBI can trace them using public library computers to publish Anti-American propaganda and view NAMBLA material.