Happy Hour

1. Our Government Screws Renters and Savers 2. Central Planning: Good For USA, Bad for USSR? 3. Market Crashers: More Swinging Ahead 1. Let me be clear. EVERY single policy that helps homeowners hurts those of us who have been renting and/or saving for a home. Stop screwing us over and telling us it’s good for us. 2. Real headlines of the day, both from the front page of the ... read more

Fox sent me a questionnaire to fill out about my hometown as we broadcast live from Ruidoso, NM where I lived from the age of 1 til 23 when I moved to NYC.  We'll be broadcasting live at the Win, Place and Show honkey tonk bar on main street during Happy Hour today from 5-6pm EST. It has been so much fun to come home to Ruidoso with NYC-career people...weird, but I suppose juxtaposing Win, ... read more

1. Let’s Lever Up the Bailout! 2. Let’s Buy Big 3 Call Options 3. Let’s Treasury Short S&P Puts 1. We should take the $700 billion for TARP and just lever it up 30 to 1like the guys who used to be in charge of risk control at the brokerage firms like Lehman and Bear used to do. That’d only cost $300 trillion.  And if we are gonna make all this return on our $700 billion investment, ... read more

1. Where’s My Money?! In Vikram’s Pocket 2. Where’s My Money?! In Soros’ Pocket 3. No Money In The Homeless Kid’s Pocket 1. Citigroup CEO’s own paycheck would bounce if not for the welfare it’s been receiving from you and me. Yesterday he took that welfare money he got and bought himself millions of dollars of Citigroup stock that will receive dividends with the welfare ... read more

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

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

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

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