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September 2008

Recs

1

Bailout? OK - Changed My Mind (LIBOR)

September 30, 2008 – Comments (3)

Today, I saw an interview with Alan Blinder, ex-vice-Fed-chair under Greenspan. OK, now I am worried.   [more]

Recs

2

Buy Low, Sell High. Are you sure? Double sure? Triple Sure?

September 29, 2008 – Comments (2)

OK folks, relax. Do not panic. The world continues apace. Take a deep breath and count to “ten” before running, screaming, for the exit. Feel better now? Good!  [more]

Recs

0

Financial Meltdown: slowly working itself out w/o $700B bailout?

September 29, 2008 – Comments (0)

OK: this is how I see it:  [more]

Recs

2

$700B Bailout? Not Necessary!!

September 27, 2008 – Comments (0) | RELATED TICKERS: JPM

With much mirth, I point out that JPM just raised $10B in cold, hard cash in short order. This clearly shows that the credit market is NOT 'frozen'; well, it might be for lesser beasts, but clearly not for titans like JPM. In fact, people tripped over each other and got into fist fights for the priviledge of handing over their cash to JPM. They needed more cash to cover loss reserves from WM, and they got as much as they wanted, and could certainly have gotten much more if they so desired.   [more]

Recs

1

Hurrah!!! Paulson's $700B bailout Fails!!

September 25, 2008 – Comments (0)

OK to get to end first: investors will view this very badly, and I would not be surprised to see DIA take a 5% or 10% drop in early trading. Black Friday.   [more]

Recs

1

JPM buys WM for $1.9B? Yahoo!! (no, NOT the internet portal)

September 25, 2008 – Comments (1)

Well, I really wanted to be right about this one (I wonder what JPM saw that the rest of us missed? True, $130B in regular bank deposits, but who know how much in losses from the idiotic mortgage accounts?). I relished the thought of the FDIC walking in on WM and ignomaniously dismembering it on Friday night. Shame on the pea-brained CEO that brought WM to this point.   [more]

Recs

1

$700B+ Bailout? Oh, fur crying' out loud...

September 24, 2008 – Comments (6)

Paulson: "the financial markets are clogged with bad debt, and cannot function as is". 'We' have to unclog, but at great expense. What preposterous nonsense.   [more]

Recs

3

Financial Meltdown 101 for Idiots

September 23, 2008 – Comments (3)

Alright, I am genuinely trying to understand this financial mess. I really want to know how and why it evolved; yeah, I know, so does everyone else. I record this to save what I have learned so far, so the info will not evaporate from my brain. BTW, if anything is wrong or if you can fill in the voids, please do not be shy.  [more]

Recs

2

Die, WM, Die!

September 23, 2008 – Comments (0)

If there is one financial institution that genuinely deserves to die, surely WM heads the list. It certainly does NOT deserve to be saved.  [more]

Recs

5

Please Do Not Blame the Shorts

September 22, 2008 – Comments (3)

This is one of the most preposterous things I have ever heard: banning short selling of financials. I note with satisfaction that today, with these new rules, WFC JPM BAC still slid 10%, and the market did a good imitation of a sheep trying to fly off the roof.   [more]

Recs

1

Catch a Falling Knife, Put It In Your Pocket, Never Let It Fade Away...

September 22, 2008 – Comments (0)

The past couple of weeks have been a hurricane, and financials have been the eye. About half my picks are financials, and all told, not too bad. I am about even, even though WM recovered and ABK blew up. IMHO, good training for my real portfolio. If I can sort of navigate this and live to tell about it, imagine what happens in a normal market.   [more]

Recs

2

Darn - Ran Out of Money!

September 17, 2008 – Comments (5)

Everytime (like today) that stocks take a big tumble and the news warn of Gotterdammerung, I invest a huge chunk of cash. Well, I have now run out, being 100% in stocks (I am referring to my real portfolio, not the Fool one). It just kills me to see so many bargains today and be totally out of cash!!!

Well, guess the only thing left is to add mucho stocks to my Fool portfolio. What a shame.

 

 

Recs

0

FED to AIG: here's $85B - darn

September 16, 2008 – Comments (1)

dang it: there goes all my fun. I was looking forward to even more financial dominoes falling, creating even more chaos and yet more buying oppurtunities.   [more]

Recs

0

BUY, BUY, BUY!!!

September 15, 2008 – Comments (3)

OK, I know that I have said this before. But today's drop has made me happier than I have ever been since I invested in SCIOS that was bought out by JNJ. I have invested every available penny in all of my various accounts, and jumped into the stock market 100%.

YAHOO!! {no, I am NOT referring to the internet stock}.

Recs

0

FOMC MUST cut rates

September 15, 2008 – Comments (4)

At this point, it is crucial that the FOMC cut rates by at least 25 points. If Bernanke does not, expect financials to have another HUGE drop after the FOMC announcement, leaving an awful lot of blood on the floor.

Recs

1

LEH Bailout fails - Be prepared for big bargains on Monday 9/14

September 14, 2008 – Comments (1)

OK, folks, this is where we separate the men from the boys (sorry, not to be sexist: woman & girls). Monday, the market will plummet BIG TIME and will seem like the end of the world is at hand. Warm up your shopping list, and BUY, BUY, BUY everything you want that suffers big losses on Monday.

Recs

4

WM - Here We Go Again (Friday, 9/12, afterhours)

September 12, 2008 – Comments (1)

[with the song 'Funkytown' playing in the background]  [more]

Recs

2

Steel: X or NUE?

September 11, 2008 – Comments (3)

(sorry, not much of a blog; just my scratchpad for info I found before it evaporates from my head)
OK, lots of news stories recently in the media and Fool about Steel getting unnecessary haircut. Agree, and now I want some.  [more]

Recs

2

WEEEE!! WM RollerCoaster Ride

September 11, 2008 – Comments (0) | RELATED TICKERS: WAMUQ.DL

Penny stocks are such fun (at this point, the newswire stories are coming fast and furious right now; I have seen WM up by as much as $0.25, and down by the same amount). I wonder how many climbs and dips there are before the end of the ride? You know the end is near when you see an AP story "What happens if my bank fails?", explaining to panicky depositors that the ATM will still work, and your personal checks are still good.

Recs

1

Buy, Buy, Buy

September 09, 2008 – Comments (3)

OK, scary day, huh? S&P down in one day, what 4%?!? You should see my portfolio (I am referring to my real one, not the Fool one): a blizzard of red numbers, down (I think) about 15%.  [more]

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