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alstry (36.32)

October 2008

Recs

15

Trick or Treat????

October 31, 2008 – Comments (3)

Oct. 31 (Bloomberg) -- U.S. stocks rose, capping the biggest weekly gain since 1974, after JPMorgan Chase & Co. took steps to end the housing crisis, bank lending rates declined and earnings from companies outside the financial industry expanded four times faster than the previous quarter.   [more]

Recs

12

Election Rally or Crash

October 31, 2008 – Comments (5)

Obama wins and tax rates will go through the roof and nobody has any money.  If McCain wins deficits skyrocket and money worthless.

Heads you lose and tails you lose even more.  Are our choices a pair of losers????

I think the market thinks so.....so guess what I am thinking......Dow 7500 the day after the election regardless who wins????????

On your mark, get ready............

Recs

13

Who is going to buy a new house??????

October 30, 2008 – Comments (6)

American Express to cut 10% of work forceReductions amount to about 7,000 jobsBy Greg Morcroft, MarketWatchLast update: 1:09 p.m. EDT Oct. 30, 2008  [more]

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9

Its Tough Blogging These Days

October 30, 2008 – Comments (2)

There is not much I can add to DWOT and Ares......my creativity is at a bit low.  [more]

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13

Congrats to DWOT

October 28, 2008 – Comments (7)

If you look at her score.....she has destroyed the market because she is net short.  In order for her to beat the market she must not only be right on the direction...but she must outrun a  falling knife.  In an environment where the market  has crashed over 40%....that is quite an accomplishment indeed.  [more]

Recs

8

Get Ready

October 27, 2008 – Comments (6)

I am not sure for what....but just get ready.  Fortune comes to the prepared.....luck comes to those who are lucky......if you are lucky enough to make a fortune.....you should be prepared for it.  If you are prepared and lucky.....then the liklihood of making a fortune is enhanced.  

Recs

13

Stay Calm..........................

October 24, 2008 – Comments (6)

For those of you that have been reading this blog.....you are well prepared for these times.......

We still have a long long long way to go.........................

My suggestion.........Try a Bacardi Limon Bloody.....with extra lime..............and lots of horseraddish.

Recs

13

Jobs Evaporating In America

October 23, 2008 – Comments (5)

GM to start involuntary layoffs of salaried workers: WSJ - MarketWatch   [more]

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10

A Halloween Homebuilding Update

October 22, 2008 – Comments (3)

Now that our favorite primate housing analyst is off to WalMart to look for a new costume....there is little doubt he will return as a new character before Halloween....so in the meantime here is a quick HB update.  [more]

Recs

14

Is Altstry Becoming Bullish???

October 22, 2008 – Comments (3)

I have green thumbed three companies over the last three days for my first net bullish position on CAPS since starting this game in February.  Does that mean I am bullish???  Not a chance and likely not for a while.    [more]

Recs

27

What Warren DIDN"T tell you

October 21, 2008 – Comments (7)

In his op ed piece...Mr. Buffett, in justifying buying stocks now makes the following statement:  [more]

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10

Analyzing a Buffett Analysis

October 21, 2008 – Comments (9)

The following is the ENTIRE Buffett op ed piece in the NY Times.  My comments are inserted in bold type.   [more]

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10

Trading Lesson: NEVER QUIT!!!!!!

October 20, 2008 – Comments (1)

With all the volatility we have seen over the past few weeks....it could make anyone's head spin.  But take Gunny Highway's advice from Heartbreak Ridge...Adapt, Improvise, Overcome.....but NEVER QUIT.  [more]

Recs

11

Retailer R.I.P. Train Chuggs Along

October 20, 2008 – Comments (5)

SAN FRANCISCO (MarketWatch) -- Shoe Pavilion Inc. said late Monday it will close all of its 64 stores after 29 years in business. Shoe Pavilion was once the largest independent discount footwear retailer on the West Coast.  [more]

Recs

11

When is Enough...ENOUGH!!!!!!!!!!!!!!!!!!!!!!

October 20, 2008 – Comments (12)

In the previous blog it was Mervyns and Linens n Things shuttering all of their stores now this from the WSJ:  [more]

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14

American Retail Shutting Down

October 18, 2008 – Comments (5)

Mervyns   [more]

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13

The New Alstry

October 17, 2008 – Comments (3)

The Trader

""The symbol of all relationships among such men , the moral symbol of respect for human beings, is the trader.
We, who live by values, not by loot, are traders, both in manner and spirit. A trader is a man who earns what he gets
and does not give or take the undeserved. A trader does not ask to be paid for his failure, he does not ask to be
loved for his flaws. A trader does not squander his body as fodder, or his soul as alms. Just as he does not give his work except in trade for material values, so he does not give the values of his spirit  -- his love, his friendship, his esteem --
except in payment and in trade for human virtue, in payment for his own selfish pleasure, which he receives from men he can respect. The mystic parasites who have, throughout the ages, reviled the trader and held him in contempt, while honoring the beggars and looters, have known the secret motive of their sneers: a trader is an entity they dread
-- a man of justice. ""

Ayn Rand
Atlas Shrugged  [more]

Recs

13

Success in Life and Investing

October 16, 2008 – Comments (3)

To be successful in life and investing...you must maintain your character and resolve.  Don't turtle everytime things don't go your way.  Don't change your identity and pretend to start over....it is still you and you can't runaway from yourself in life.  [more]

Recs

12

Stay Focused...never count money at the table

October 16, 2008 – Comments (1)

Since the day I started blogging on CAPs....this was my theme:  [more]

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15

Now is the time to remain calm

October 15, 2008 – Comments (8)

The world is not coming to an end....and even if it was.....staying calm would be the emotion that rules the day.  [more]

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13

Silence The Music

October 14, 2008 – Comments (8)

“With turmoil in the financial markets hitting its usual roster of deep-pocket donors, the Pasadena Symphony can’t afford to stage its November concert and has cancelled the performance, co-Executive Director Tom O’Connor said Monday.”

“‘We have been hit pretty hard by what’s been occurring. We planned a gala last fall and two major supporters, IndyMac and Countrywide pulled out,’ he said, citing the failed bank and the troubled mortgage lender.”  [more]

Recs

18

Bass Ackwards

October 13, 2008 – Comments (6)

The pundits still are missing the boat.  We don't have a credit crisis because banks don't have money to lend.....we have a borrowing crisis because there are too few qualfied borrowers to borrow.  Those that we loaned money to in the past few years were unqualified and are now defaulting and destroying banks' balance sheets.   [more]

Recs

9

Preparing for the Future.....

October 13, 2008 – Comments (0)

One of my favorite bloggers posed this question.  [more]

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15

Bears Turning Bulls.....Not Alstry......Yet

October 12, 2008 – Comments (14)

First we have to distinguish between the consistent bears....many of the top players......and the flipflop bears........those whose positive or negative position seems to change week to week and then when the market moves in either direction they remind you how right they are.......all the time.... as if to compensate for some personal insecurity......I WOULD PUT CRAMMER IN THIS CAMP AND ANYONE WHO IDENTIFIES HIMSELF AS A PRIMATE.   [more]

Recs

20

Seriously.....Don't Panic

October 09, 2008 – Comments (17)

As many of you know I have been warning about this for about this for a while now.  Posting similar blogs time and time again saying the same thing in a variety of ways.  For what its worth.....we ain't even close to the bottom yet.....in my humble opinion.  [more]

Recs

12

Thanks to the 3 Stooges

October 09, 2008 – Comments (8)

Benny, Bush, and Paulson

10 year Treasury Interest Rates UP another 7 BPS after after being up 20 bps after a rate cut.

Yippeeeee.

Get ready for intest rates to keep rising and everything else to keep falling.

Unless of course a war breaks out where there is oil.......otherwise look out below.

Recs

12

Bend Over

October 08, 2008 – Comments (3)

Read my previous blog.  [more]

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11

Soooooo Predictable

October 08, 2008 – Comments (0)

As I told you a few days ago.......a rate cut would be the next arrow shooting to nowhere:  [more]

Recs

11

Even the BUNNIES

October 07, 2008 – Comments (3)

Tycoon Hugh Hefner has been advised to cut back on staff at his multi-million dollar glamour empire as it struggles to cope during the global economic turmoil.   [more]

Recs

9

Will Anyone Retire????

October 07, 2008 – Comments (2)

WASHINGTON (MarketWatch) -- Pension assets declined by at least $1 trillion and may be down as much as $2 trillion over the past year and a half as the credit crunch tightened its grip on financial markets and the U.S. economy, the Congressional Budget Office reported Tuesday.  [more]

Recs

11

Another $8 Billiion ???

October 07, 2008 – Comments (1)

SAN FRANCISCO - A federal judge has scolded California officials for failing to provide the billions of dollars a court-appointed receiver says is needed to upgrade the state's prison health care system.   [more]

Recs

12

Bush preparing a good ole WAR????

October 06, 2008 – Comments (3)

Patriot Act allows for delay of the elections in case of conflict.  Conflict rising in the economy.  Economy front and center in everyone's mind.  Mind the gap as we approach the upcoming elections season.  Is this the season for Bush's reason??????  [more]

Recs

20

Families on the Streets

October 06, 2008 – Comments (4)

Associated Press   [more]

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13

Alstry's Deflation Perspective Catching On

October 05, 2008 – Comments (7)

Oct. 6 (Bloomberg) -- As Federal Reserve Chairman Ben S. Bernanke and his global colleagues fight the worst financial crisis since the 1930s, one danger is looming larger by the day: deflation.   [more]

Recs

14

Will An Interest Rate Cut Help?

October 05, 2008 – Comments (8)

Now that the bank welfare plan is behind us.......and nothing happened....  Expect an expected interest rate cut to be the new salvation.  [more]

Recs

12

Shoot Yourself....Get a Free House

October 04, 2008 – Comments (6)

(CNN) -- Fannie Mae said it will set aside the loan of a woman who shot herself as sheriff's deputies tried to evict her from her foreclosed home.  [more]

Recs

22

Grab Your Wallets....Your Uncle Needs $$$$

October 03, 2008 – Comments (9)

NEW YORK (MarketWatch) -- California Gov. Arnold Schwarzenegger said that California may need up to $7 billion in emergency funding from the federal government as the state is almost running out of cash to pay for daily government operations, according to a report Friday in the Los Angeles Times. In an email obtained by the newspaper, Schwarzenegger wrote: "Absent a clear resolution to this financial crisis, California and other states may be unable to obtain the necessary level of financing to maintain government operations and may be forced to turn to the federal treasury for short-term financing."  [more]

Recs

16

GE paying 10 1/2% PLUS in the money warrants

October 01, 2008 – Comments (7)

So we are probably looking at an effective rate of around 15-20%.  [more]

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14

A New Level of Lunacy from the Press

October 01, 2008 – Comments (1)

Get Ready for the Bankruptcy Parade   [more]

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15

Should Ara Hovnanian be prosecuted???

October 01, 2008 – Comments (6)

Ara gave an interview on CNBC this morning pleading for assistance for homebuilders.   [more]

Recs

10

The Whole Planet Melting Down????

October 01, 2008 – Comments (3)

US 'casino' mentality blamed for planet's meltdown

By ALAN CLENDENNING, AP Business WriterTue Sep 30, 5:21 PM ET   [more]

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