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April 2009

Recs

6

I'm seeing red (thumb that is)!!!

April 13, 2009 – Comments (1) | RELATED TICKERS: GS , C , AIG

Wow, that was really satisfying!!!  I've never given a red thumb before, butt today I did, right to Goldman Sachs, one of the five firms at the center of crushing the American economy.  I think this is going to be a mess now.  I'm on the loose.  My "yes man" cherry has been popped.  What am I going to red thumb next?  Let me see, could it be GE and its capital division problem of $20b to $40b of troubled assets?  Could it be a retailer soon to disappear?  Maybe an airline- naw that's too easy, could make me sick to dip into that.  Maybe a bank with some off balance sheet assets still tied to RMBS?  Ohhhh, so many choices.  I du know it won't be with one of those dirty agriculture commodities, my mom would kill me if she found out I had gone down one of those dirt roads.  I need to find a nice inflated company, those are always good for one trade (maybe two if she bumps into me when I'm drinking), just get in, get out, don't call and forget her.  Who is going to be next?    [more]

Recs

14

Short rally to fizzle soon...

April 05, 2009 – Comments (6) | RELATED TICKERS: GE , XOM , JPM

While I had hoped that the economy was in the early stages of stablization, it appears that there is another leg down to come.  In looking at my weekend edition of FT and grazing stratfor.com it is pretty evident that the equity markets don't stand a chance for a sustained rally and will chop along probably for a couple more years at least.  I had hoped the worst was behind us.  It's not.   [more]

Recs

4

Cars, Banks and Dollars Without Borders

April 01, 2009 – Comments (0) | RELATED TICKERS: GE , CSCO , DBC

Today we saw the resignation of Rick Wagoner of GM at the request of the Obama Administration.  In watching and listening to various financial press I got the full range of opinions about the matter and the one I didn't hear was mine.  Pretty simply, nobody stood up and said, "...hey, this guy has run GM for 9 years, made tens of millions of dollars and the company is now effectively bankrupt.  The guy probably should have been fired years ago."  President Obama came closest with his statement about needing to stop excusing bad decision making.  The financial press was once again mostly deficient with at least one notable exception that I found in Donnie Deutsch.  [more]

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