November 2008

1. Paulson’s A HORRIBLE Trader 2. Volatile Markets Volatility 3. Fear the Financial New World Order 1. I’m just going to remind you guys that Hank Paulson, our Treasury Secretary, thought that it was a great use of his Goldman shareholders’ money to spend tens of billions buying GS stock when it was more than 3x higher than today’s price. This is the guy you all believed when he ... read more

Here’s what I was making up as I go along in my own head today: 1. Stock Market ONLY Down 20%! 2. Stock Market ONLY Down 30%! 3. We Bring Good Welfare To Life 1. The markets are now down 20% since your reps passed that bill the rich guys on Capitol Hill and Wall Street told us that if we’d give the guys who destroyed our economy twice as much money as we spend on Medicaid every ... read more

1. $600 Billion Crowd Out 2. Transparent Transparency 3. TARP Confidence Now! 1. I know that everybody’s really bullish about China’s government sending out $600 billion in projects and incentives for its people. There goes another $600 billion out of what might have funded private, profit driven markets here in the US and push it into the Socialist America’s, er, in this case ... read more

Once I had a woman I could call my own Once I had a woman now my woman is gone Once there was a river now theres a stone You know its evil when you're living alone Water of love deep in the ground No water here to be found Some day baby when the river runs free It'll carry that water of love to me -- "Water of Love", Dire Straits Remember when everybody used to come on Happy Hour and ... read more

Homegrown Rock to the rhythm and bop to the beat of the radio You ain't got the slang but you've got the face to play the roll You can play with me -- "Fans" by Kings of Leon Here's what will be eating away at my brain all weekend -- * Do I even have to comment on this one? Seeking Help to Bring an MLS Team to Portland New York Times, United States - 14 hours ... read more

1. Sideline Time Again 2. Think Independently (Or Die) 3. Guaranteed Winners and Losers 1. Remember the playbook – mine says, as you know, that we’re likely rangebound between 7k and 9500 for the foreseeable future. I told you to sell/short as we ran to 9500. Time to cover and move to the sidelines until you’ll probably want to buy the next big sell off or short the next big ... read more

Some are bound for happiness, some are bound to glory Some are bound to live with less, who can tell your story? I was down in Dixie Land, played a silver fiddle Played it loud and then the man broke it down the middle. See the sky about to rain, broken clouds and rain. -- Neil Young A few ... read more

Here’s what I was selling off in my own head today: 1. Sell ‘Em When They’re Cheap 2. Lobo Assistance Loan Program 3. Expecting More Downside 1. There’s an old saying that you should buy cyclical stocks (like commodity companies) when they’re expensive and sell them when they’re cheap. The bulls keep trying to convince me that the market’s a buy because cyclical stocks ... read more

I went out and had a pretty healthy dinner with James Altucher and then stopped by a party thrown by a corporate attorney friend of mine before I got home and drank some, yes, tap water as I watched Cavuto and Alexis' terrific coverage of the McCain concession speech... The point of this post is, as I just said to my parents on the phone with tears in my eyes -- despite all my utter despair in ... read more

In case I haven't been perfectly clear, let me state it explicitly -- I can't tell a difference between the so-called "left" and the so-called "right". The Democrats and Liberals and Left people pretend they have all these principles like being for the little guy and against the big corporation...until they decide to vote for the TARP package that's so far sending $2.25 trillion of your ... read more