November 2008
November 20, 2008 –
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RELATED TICKERS: DDM
, RJA
, USO
I'm tired, I've been working hard to keep folks around even. I don't know what the bottom is. Increasing the money supply a ton seems to be the right move. Stagflation is a better option than depression, and I think Ben and Pauly are taking us there. Congress needs to realize that BK in the auto industry is a bad idea due to chain reaction that would ensue. What Congress ought to do instead of giving the car companies money though is du two things: [more]
November 13, 2008 –
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RELATED TICKERS: SDS
, USO
, DDM
Well, I got the re-test call correct. And now we are getting a dead cat bounce. I like this saying because it implies kicking a cat. That's funny if it's not your cat. [more]
November 04, 2008 –
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RELATED TICKERS: DBC
, RJA
, SDS
Every November following a 5% down October has been a down month since WWII. I wouldn't exepct this to be any different given the weak fundamentals in the economy. Friday's numbers could be brutal, that could be the going into the weekend slap that leads to a big sell-off next week. Then again, maybe not. But between today and tomorrow, I'm writing covered calls, selling a few things and where it makes sense selling a few puts of things I'd love to own 30% lower from today's prices. [more]
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