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November 2008

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10

Auto Industry Bailout... Perspectives from an insider...

November 23, 2008 – Comments (6)

No that insider is not me.  See TMFDeej if you want some insight.  But I did work for a guy who has done everything from own dealerships to lease finance car's.  Deal with rental car auctions, all for 20 plus years the whole bang.  I have a lot of respect for him and thought I would share his insight with you all.  A little background but what he does now is buy cars for people for a base fee.  Say you want a 2006 Lexus whatever model, with this color this, this color this and this many miles, you give him the specifics he has guys that go to all the used car auctions around the country and find your car (A big used car spot is florida because of all the rental agencies).  He finds the car and has it shipped here.  He does not advertise, his biz is completely word of mouth, most of his customers, my parents and a lot of their friends are all multiple buyers because he makes it so easy, not dealing with sleazy used car salesman.  He does all the due diligence (has a database that checks VIN's.  Has a guy that works for him full time that checks the car's to make sure they haven't taken the screw driver to the mileage meter or it wasn't a flood car (a lot of those in Houston).  He charges something like 1500 for a used car and 2k for a new car. He also buys new but knows all the dealerships and does all the negations.  Basically he does all the work and makes buying a car very nice.  He will sit down with you and help you get what you want and need.  Enough of my advertisement for him lol He sells a couple hundred cars a month and publishes a newsletter to people every month (you get on the list if you have bought a car from him (free), about whats going on in the auto biz.  A special November edition on the Bailout. Here:  [more]

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3

A little Spanish Love song for the weekend.

November 21, 2008 – Comments (0)

We finally got a fun project in spanish.  This is something that this kid did.  I got a laugh out of it.  Thought I might share it with ya'll  [more]

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13

Futures Fair Value

November 18, 2008 – Comments (2) | RELATED TICKERS: SPY , IWM , QQQ

If you are watching CNBC pre 9:30 AM you probably hear about the fair value of a future.  Just thought I would provide a little explanation as to what this is.  A couple things first (1)  They always refer to the front month future (as they do with most futures where the front is the most liquid), (2) there is a difference between spread and fair value.  The spread is the difference between the future and the cash index.  For example The S&P Closed at 850.75 Yesterday and as I type this the futures are trading at 837.50. So the spread is 13.25.  Remember SPY futures trade 24/7 (for the most part) even though they are not super liquid over night.  The spread can tell you where the market will open (usually) but after that forget it, it can go anywhere.    [more]

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Hedge Fund Manager Testimony

November 13, 2008 – Comments (2)

I found it very interesting and well worth while to read.  Must like what TastyLunch posted the other day.  [more]

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6

Great Blog Profile

November 11, 2008 – Comments (2)

I read a lot of blogs and this guy profile has to be my favorite for sure.  He is a day trader and his site is The clueless SUG Trader.  [more]

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5

quote of the day

November 08, 2008 – Comments (1)

A kid in my dorm

 "I just wanted to let you know you jerks started knocking on my door at 12:29, and I was wasnt supposed to get up until 12:30, whats wrong with you guys?"

The kid across the hall from me..... 

 

 

 

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LMAO Bloomberg Suing the Fed

November 07, 2008 – Comments (1)

Bloomberg is sueing the fed to disclose 1.5 Trillion that is has lent through its special lending faculitys  [more]

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What type of Dog Will Obama bring to the White House CONTEST

November 05, 2008 – Comments (6)

Obama is getting a puppy for his kids at the white house.

 What type of dog will it be? 

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