motleyanimal (97.36)

Dollar Death Watch

January 30, 2008 – Comments (4)

FOREX last trade...$1.0127 CAD vs USD

6 months from now when gasoline is $4.00 per gallon and food costs are
killing the consumer, people will be asking: "What was Ben Bernanke
thinking?"

This latest rate cut was purely political.

When In Doubt, Blame Bush

January 21, 2008 – Comments (3)

"Investors were carrying through from last week's concern that a fiscal stimulus proposed by President George W. Bush would not be enough to stop the U.S. economy from falling into recession and that the downturn will spread." 

Monday January 21, 2:29 pm ET  By Jeremy Gaunt, Reuters  [more]

Airlines? We don't need no stinkin' airlines!

January 15, 2008 – Comments (4)

Last week I shorted a handful of airlines as they rose 15-20% based on nothing but speculation on mergers. While today is not a good day for my choices, I am consoling myself with the wisdom of the Egyptian investment god, Apis the Bull, who speaks:

"If you take the dung ball from one beetle, and combine it with the dung ball of another beetle, you only end up with a bigger piece of crap."