Excellent Commentary, ByLoSellHi ........................................................................................... ByLoSellHi Wrote Analysts are idiots who set arbitrary price targets on stocks - with suspicious upgrades and downgrades. It's a practice that is rife with manipulation and should be banned. It has as much credibility as the ratings of Moody's and S&P approximately a year ago. Great job on MBI and ABK Had you relied on those ratings, you'd have had your ass handed to you. ............................................................................................... Good post.... Look....if you or I ....made promissory statements about the future value of something...and caused someone to spend their money counting on what we said.....and in a short period of time....the price does just the opposite.....and we just say we are sorry....better luck next time....while keeping 3% or more of the money.....Do you think that we would win in court ? And is court not just another take on the initial money ? This is called legal largesse... Would it not be interesting to see the cumulative accounting statements that followed the numbered Merrill Lynch rating system.....when indeed by costs alone ....guarantees a sub market performance ? What is very interesting is the number of pundits that continue to blabber on the media that never have any skin in the game.....and never have ? Success in stocks...scalping or investors is a "self " game......almost everything else is bullshit in its highest legal largesse form..... Nothing wrong with it.....just know what it is......
Anyone that has taken a look at a chart of the U.S. Dollar over the past 7 years, combined with Bush's inability to use the VETO PEN on more than one single occasion, can easily see how toxic this Administration has been to the economic vitality of our country. Even super Republican Larry Kudlow has thrown in the towel on being bullish on stocks. I'd never thought that I would see the day . . .
http://research.cibcwm.com/economic_public/download/smay08.pdf Go to page 4 ... these energy prices are changing market balances.
You can say goodbye to undervaluation after earnings start falling. Consumer goods might still get a lift on Q2 from the tax rebate checks but Q3 will come. Meanwhile the peak of ARMS will only explode in Q1-Q2 2009. And that's only the peak. This is a slow motion train wreck. Seemingly slow enough that there's time for rallies when the most exuberant have forgotten that the train is still moving towards the inevitable.
Aren't we on the verge of entering a bear market leading to your self-banning? You will be missed You were one of most comical characters of all time. Maybe you can reincarnate as your Handsome persona. That guy was great!