The October 440P was available as low as 3.40, and sold to highs of 9.00, allowing our winning streak to continue. However, we'll stop loss the Oct580C, our first loss in this debacle
I lost it in my commentary yesterday, and I'd like to tell you why.
I was flying to the midwest from Florida, and sitting next to me on the plane was a woman with a McCain button. I asked her a few questions as to why, and found she was an imbecile. "I do not believe in abortion, and Sarah Palin has a good view on this" to "McCain is a hero, and I respect him," "We need to be in Iraq because they will find WMD."
Sorry, it just did me in.
And our country is being lost to imbeciles like this lady that vote. Of course, she did not know much of the financial meltdown, and said "Wall Street" was greedy and they are getting what is coming to them. My anger was over the idiocy of our people arguing over small things, and missing the big things. We could easily now elect another four years of this, and I'm just amazed. I am sick of God being discussed around politics.
Bernanke is now ready to cut interest rates.
This is what the economists are worried about. Paulson and Bernanke ran to Bush when the lies had multiplied beyond recognition, and a hasty plan of action drawn up. We had no choice but to do something, but typically were left with no time to do it, and no analysis, as the lies had perpetrated right to the bitter end.
From subscribers:
1. I think your email was perfect. I think it is time for all Americans to wake up and in so doing take the lead in correcting the injustices we ourselves have perpetrated at home and abroad. We are only here because of our won actions and unless we realize the cause of our problems it will be very difficult to solve them. You taught me that. You have been standing up for as long as I have known you. Yesterday you left no room for misunderstanding. If the democrats would stop worrying about winning the election and spoke aw frankly as you do, I think their message would be heard much clearer. Thank you. Your emails are always a breath of fresh air. I hope its fever spreads and helps others to hold true to what they know is right from wrong.
2. Ssshhh!!
Everyone with strong clear view and a sense of justice fears going too far in speaking the blindingly obvious. You have probably got this concern by having expressed yourself similarly in the past and seen that you scared the life out of someone who was wrapped in their bubble of naivity by standing there with a huge hatpin.
What should we say to these situations and ruined lives? "Oh well, never mind?" I often see an elderly lady in the supermarket near me. Almost bent double with arthritis, always in the same shabby thin coat that won't stand a cold wind, bandages round both feet, you've seen "her". I see her counting her coins before she goes to the till, only ever coins, I've never seen her with Euro notes, and only the absolute basics in her basket. I saw her once at the chocolate section, checking prices and her coins. She moved on. I called after her so that she could see me standing up after picking up something from the floor. I told her that she must have dropped the €2 coin, she was confused of course but I said I saw her drop it so she felt obliged to take it and probably wasn't sure she hadn't dropped it. I hoped she would then go to get chocolate but she came to stand behind me at the till, not even this simple, tiny "treat" in her basket.
I gave her my place because "she would be quicker than me." I went to get the chocolate she had studied and caught her at the door. I asked her if she would do me the honour of taking this small gift, telling her because my mother is about her age and as she is in England I couldn't give it to her. I worried it would attack her pride so played that dirty trick on her. ;-) she took it after some hesitation and sent my mother her greetings. Up the street young men, rather healthy looking young men are begging in the street. This lady has her pride and she somehow pays her way. Heaven forbid the old girl has to climb a 4 flights of steep stairs with her shopping in her hand to reach her appartment as a 78 year old neighbour of a friend has to.
$700 billion!!!! dollar bail out of incometence and shirking a social responsibility because the House of Representatives saw their portfolio dive by 777 points in a day, to see it dive even deeper the second they did it!!!! When this happened in 1929, grown men who had never known want were sticking their heads in gas ovens, so great was their fortitude in the face of adversity!! My God, some people responsible for this mess are going to feel embarrassed and shuffle in their shoes when they stand in front of their maker and explain their path through this life as ladies like this walk our streets of democracy after 2 devastating wars in Europe and a current war we tired hearing of quicker than Vietnam!!
And you, lovely lovely man, were concerned you went too far?? Keep shouting!! I am proud to call you friend!!
No, no, you will never lose those of us who can see!!
3. I like how blunt and angry you were, but the blame is not just with Congress and Bush, but the American people for not seeing the greed. We all knew better. I was shocked when Bush was able to talk the American people into a second term (played on our fear of terrorism), and am more shocked we could even consider another Republican administration. Hopefully you at least got people to think that abortion rights have nothing to do with our Government.
Thursday, October 9, 2008
Wednesday, October 8, 2008
Sorry, It Just Did Me In
The October 440P was available as low as 3.40, and sold to highs of 9.00, allowing our winning streak to continue. However, we'll stop loss the Oct580C, our first loss in this debacle
I lost it in my commentary yesterday, and I'd like to tell you why.
I was flying to the midwest from Florida, and sitting next to me on the plane was a woman with a McCain button. I asked her a few questions as to why, and found she was an imbecile. "I do not believe in abortion, and Sarah Palin has a good view on this" to "McCain is a hero, and I respect him," "We need to be in Iraq because they will find WMD."
Sorry, it just did me in.
And our country is being lost to imbeciles like this lady that vote. Of course, she did not know much of the financial meltdown, and said "Wall Street" was greedy and they are getting what is coming to them. My anger was over the idiocy of our people arguing over small things, and missing the big things. We could easily now elect another four years of this, and I'm just amazed. I am sick of God being discussed around politics.
Bernanke is now ready to cut interest rates.
This is what the economists are worried about. Paulson and Bernanke ran to Bush when the lies had multiplied beyond recognition, and a hasty plan of action drawn up. We had no choice but to do something, but typically were left with no time to do it, and no analysis, as the lies had perpetrated right to the bitter end.
From subscribers:
1. I think your email was perfect. I think it is time for all Americans to wake up and in so doing take the lead in correcting the injustices we ourselves have perpetrated at home and abroad. We are only here because of our won actions and unless we realize the cause of our problems it will be very difficult to solve them. You taught me that. You have been standing up for as long as I have known you. Yesterday you left no room for misunderstanding. If the democrats would stop worrying about winning the election and spoke aw frankly as you do, I think their message would be heard much clearer. Thank you. Your emails are always a breath of fresh air. I hope its fever spreads and helps others to hold true to what they know is right from wrong.
2. Ssshhh!!
Everyone with strong clear view and a sense of justice fears going too far in speaking the blindingly obvious. You have probably got this concern by having expressed yourself similarly in the past and seen that you scared the life out of someone who was wrapped in their bubble of naivity by standing there with a huge hatpin.
What should we say to these situations and ruined lives? "Oh well, never mind?" I often see an elderly lady in the supermarket near me. Almost bent double with arthritis, always in the same shabby thin coat that won't stand a cold wind, bandages round both feet, you've seen "her". I see her counting her coins before she goes to the till, only ever coins, I've never seen her with Euro notes, and only the absolute basics in her basket. I saw her once at the chocolate section, checking prices and her coins. She moved on. I called after her so that she could see me standing up after picking up something from the floor. I told her that she must have dropped the €2 coin, she was confused of course but I said I saw her drop it so she felt obliged to take it and probably wasn't sure she hadn't dropped it. I hoped she would then go to get chocolate but she came to stand behind me at the till, not even this simple, tiny "treat" in her basket.
I gave her my place because "she would be quicker than me." I went to get the chocolate she had studied and caught her at the door. I asked her if she would do me the honour of taking this small gift, telling her because my mother is about her age and as she is in England I couldn't give it to her. I worried it would attack her pride so played that dirty trick on her. ;-) she took it after some hesitation and sent my mother her greetings. Up the street young men, rather healthy looking young men are begging in the street. This lady has her pride and she somehow pays her way. Heaven forbid the old girl has to climb a 4 flights of steep stairs with her shopping in her hand to reach her appartment as a 78 year old neighbour of a friend has to.
$700 billion!!!! dollar bail out of incometence and shirking a social responsibility because the House of Representatives saw their portfolio dive by 777 points in a day, to see it dive even deeper the second they did it!!!! When this happened in 1929, grown men who had never known want were sticking their heads in gas ovens, so great was their fortitude in the face of adversity!! My God, some people responsible for this mess are going to feel embarrassed and shuffle in their shoes when they stand in front of their maker and explain their path through this life as ladies like this walk our streets of democracy after 2 devastating wars in Europe and a current war we tired hearing of quicker than Vietnam!!
And you, lovely lovely man, were concerned you went too far?? Keep shouting!! I am proud to call you friend!!
No, no, you will never lose those of us who can see!!
3. I like how blunt and angry you were, but the blame is not just with Congress and Bush, but the American people for not seeing the greed. We all knew better. I was shocked when Bush was able to talk the American people into a second term (played on our fear of terrorism), and am more shocked we could even consider another Republican administration. Hopefully you at least got people to think that abortion rights have nothing to do with our Government.
I lost it in my commentary yesterday, and I'd like to tell you why.
I was flying to the midwest from Florida, and sitting next to me on the plane was a woman with a McCain button. I asked her a few questions as to why, and found she was an imbecile. "I do not believe in abortion, and Sarah Palin has a good view on this" to "McCain is a hero, and I respect him," "We need to be in Iraq because they will find WMD."
Sorry, it just did me in.
And our country is being lost to imbeciles like this lady that vote. Of course, she did not know much of the financial meltdown, and said "Wall Street" was greedy and they are getting what is coming to them. My anger was over the idiocy of our people arguing over small things, and missing the big things. We could easily now elect another four years of this, and I'm just amazed. I am sick of God being discussed around politics.
Bernanke is now ready to cut interest rates.
This is what the economists are worried about. Paulson and Bernanke ran to Bush when the lies had multiplied beyond recognition, and a hasty plan of action drawn up. We had no choice but to do something, but typically were left with no time to do it, and no analysis, as the lies had perpetrated right to the bitter end.
From subscribers:
1. I think your email was perfect. I think it is time for all Americans to wake up and in so doing take the lead in correcting the injustices we ourselves have perpetrated at home and abroad. We are only here because of our won actions and unless we realize the cause of our problems it will be very difficult to solve them. You taught me that. You have been standing up for as long as I have known you. Yesterday you left no room for misunderstanding. If the democrats would stop worrying about winning the election and spoke aw frankly as you do, I think their message would be heard much clearer. Thank you. Your emails are always a breath of fresh air. I hope its fever spreads and helps others to hold true to what they know is right from wrong.
2. Ssshhh!!
Everyone with strong clear view and a sense of justice fears going too far in speaking the blindingly obvious. You have probably got this concern by having expressed yourself similarly in the past and seen that you scared the life out of someone who was wrapped in their bubble of naivity by standing there with a huge hatpin.
What should we say to these situations and ruined lives? "Oh well, never mind?" I often see an elderly lady in the supermarket near me. Almost bent double with arthritis, always in the same shabby thin coat that won't stand a cold wind, bandages round both feet, you've seen "her". I see her counting her coins before she goes to the till, only ever coins, I've never seen her with Euro notes, and only the absolute basics in her basket. I saw her once at the chocolate section, checking prices and her coins. She moved on. I called after her so that she could see me standing up after picking up something from the floor. I told her that she must have dropped the €2 coin, she was confused of course but I said I saw her drop it so she felt obliged to take it and probably wasn't sure she hadn't dropped it. I hoped she would then go to get chocolate but she came to stand behind me at the till, not even this simple, tiny "treat" in her basket.
I gave her my place because "she would be quicker than me." I went to get the chocolate she had studied and caught her at the door. I asked her if she would do me the honour of taking this small gift, telling her because my mother is about her age and as she is in England I couldn't give it to her. I worried it would attack her pride so played that dirty trick on her. ;-) she took it after some hesitation and sent my mother her greetings. Up the street young men, rather healthy looking young men are begging in the street. This lady has her pride and she somehow pays her way. Heaven forbid the old girl has to climb a 4 flights of steep stairs with her shopping in her hand to reach her appartment as a 78 year old neighbour of a friend has to.
$700 billion!!!! dollar bail out of incometence and shirking a social responsibility because the House of Representatives saw their portfolio dive by 777 points in a day, to see it dive even deeper the second they did it!!!! When this happened in 1929, grown men who had never known want were sticking their heads in gas ovens, so great was their fortitude in the face of adversity!! My God, some people responsible for this mess are going to feel embarrassed and shuffle in their shoes when they stand in front of their maker and explain their path through this life as ladies like this walk our streets of democracy after 2 devastating wars in Europe and a current war we tired hearing of quicker than Vietnam!!
And you, lovely lovely man, were concerned you went too far?? Keep shouting!! I am proud to call you friend!!
No, no, you will never lose those of us who can see!!
3. I like how blunt and angry you were, but the blame is not just with Congress and Bush, but the American people for not seeing the greed. We all knew better. I was shocked when Bush was able to talk the American people into a second term (played on our fear of terrorism), and am more shocked we could even consider another Republican administration. Hopefully you at least got people to think that abortion rights have nothing to do with our Government.
Tuesday, October 7, 2008
We Need More "Question Authority" Thinking
You hire me to be rude and sacrilegious, praise God. If you don't, you should, as I have been telling you endlessly....
We must put blame on this situation. 80% of the problem with this country is that we blame no one, and are NOT nasty enough. I'm sick of it. Figure it out, and place blame.
Abortion and gay marriage have NOTHING to do with the REAL issues we have. How many of us are caught up with this silly and ridiculous garbage in our thinking, or better....that we are surrendering in Iraq. Go vomit in the corner, and surrender.
1. McCain was part of the Keating 5. Dispute this. For those of you ready to vote, that do not know who Keating was, study.
2. Sarah Palin is the answer. There is a 1 in 3 chance Sarah will be the President. If you believe Sarah is up to this precarious situation, think again. Life is too short to even analyze the type of FOOL that would think Sarah could be President.
If I lose subscribers from this, good. We have now hit the beginning of the bottom.
This situation is now out of control. You caused it.
Now Europe is following us, the lead nation in the world, in the collapse of supply side economics, the printing of money to cover debt. Just a few short years ago the Euro was at all time highs, the European economy booming, and I repeat what Floyd said 8 months ago:
"The USD dollar will strengthen as the Euro begins its collapse, and we as a people will be stupid enough to believe this is our doing, not the collapse of more of the economic fraud that has prevailed for 7+++ years. None of this occurred under President Clinton.
1. A war that has led to a deficit of over 1 trillion.
2. A war in Afghanistan that was lost to terrorists, and we now begin again.
3. Iraq a continuing 10 billion a month, with no end in site. Perhaps it is time to "raise the white flag." Perhaps we should never have raised the red, white, and blue flag in a country we weren't warranted to to begin with.
4. Unemployment now down 9 straight months, with real unemployment figures close to 16%.
5. The dollar at all time lows of 7.5 years, and oil at all time highs, and no energy plan for the future.
6. Human rights and Constitutional Rights violated.
I could go on and on, but all 6 are facts. Now couple this with no regulations, and a free enterprise methodology that rewarded only those that bribed (lobbied) ((Both parties guilty here), and I repeat my next two predictions:
*Credit card debt has been fraudulently led in financials, and will be found to be false. Banks will write down more debts, and the 700 billion will be double this. The bail out will not work, is under budgeted, and will double in size.
*If McCain is elected we will increase our debt with military exposures, lead to more world interventions and cost, and continue to deregulate, all while we have been taxed already (before he was elected).
I'm not much more happy with Obama and team, don't get me wrong, but I know that Sarah Palin has a 1 in 3 chance of being our President, and it is a bad Disney movie to think of her as a world leader, doggone it.
And if you really believe she could be President, go back to school. She has a 44% positive rating.
We need more sacrilege and more "question authority" in our thinking. Shame on us for believing.
We must put blame on this situation. 80% of the problem with this country is that we blame no one, and are NOT nasty enough. I'm sick of it. Figure it out, and place blame.
Abortion and gay marriage have NOTHING to do with the REAL issues we have. How many of us are caught up with this silly and ridiculous garbage in our thinking, or better....that we are surrendering in Iraq. Go vomit in the corner, and surrender.
1. McCain was part of the Keating 5. Dispute this. For those of you ready to vote, that do not know who Keating was, study.
2. Sarah Palin is the answer. There is a 1 in 3 chance Sarah will be the President. If you believe Sarah is up to this precarious situation, think again. Life is too short to even analyze the type of FOOL that would think Sarah could be President.
If I lose subscribers from this, good. We have now hit the beginning of the bottom.
This situation is now out of control. You caused it.
Now Europe is following us, the lead nation in the world, in the collapse of supply side economics, the printing of money to cover debt. Just a few short years ago the Euro was at all time highs, the European economy booming, and I repeat what Floyd said 8 months ago:
"The USD dollar will strengthen as the Euro begins its collapse, and we as a people will be stupid enough to believe this is our doing, not the collapse of more of the economic fraud that has prevailed for 7+++ years. None of this occurred under President Clinton.
1. A war that has led to a deficit of over 1 trillion.
2. A war in Afghanistan that was lost to terrorists, and we now begin again.
3. Iraq a continuing 10 billion a month, with no end in site. Perhaps it is time to "raise the white flag." Perhaps we should never have raised the red, white, and blue flag in a country we weren't warranted to to begin with.
4. Unemployment now down 9 straight months, with real unemployment figures close to 16%.
5. The dollar at all time lows of 7.5 years, and oil at all time highs, and no energy plan for the future.
6. Human rights and Constitutional Rights violated.
I could go on and on, but all 6 are facts. Now couple this with no regulations, and a free enterprise methodology that rewarded only those that bribed (lobbied) ((Both parties guilty here), and I repeat my next two predictions:
*Credit card debt has been fraudulently led in financials, and will be found to be false. Banks will write down more debts, and the 700 billion will be double this. The bail out will not work, is under budgeted, and will double in size.
*If McCain is elected we will increase our debt with military exposures, lead to more world interventions and cost, and continue to deregulate, all while we have been taxed already (before he was elected).
I'm not much more happy with Obama and team, don't get me wrong, but I know that Sarah Palin has a 1 in 3 chance of being our President, and it is a bad Disney movie to think of her as a world leader, doggone it.
And if you really believe she could be President, go back to school. She has a 44% positive rating.
We need more sacrilege and more "question authority" in our thinking. Shame on us for believing.
Monday, October 6, 2008
My Hopes and Dreams are Coming True
My hopes and dreams are coming true:
1. OJ was finally found guilty and will go to jail
2. Bush was found guilty (I pray we realize as a nation) and will leave office as the worst President of all time. He has been caught leading a bunch of rogues to the trough of money, and the trough of money is now gone. All of his "great plans" have failed miserably. Supply side economics has been exposed (although the American people to do not yet know or understand this, still filled with soundbites and false innuendo). This is NOT Congress, folks, but "from the top". We deregulated reason, and built a nation built on debt, and fear of terrorism.
The terrorism is right here, and we voted for it.
On Friday, puts hits 2.25, and calls hit 6.10. After the signing, the market collapsed in FEAR.
We've made profits on each signal during this debacle, over the past 10 days, and now have our first losing position to the call, with profits to the straddle hedge put.
The bill passed. We have spent $700 billion. Trust me, it's not enough, and just starting. The entire game is over, and 8 years of Republican abuses are clearly coming to light. It is that simple, as the CORE principles that have led our country (the family values bull you've heard so long) are supply side economic based. Cheney said "deficits don't matter".
The market allowed calls to hit good profits before the news, but the horrific jobs report that came out prompted economists to predict the recession may be worse.
Floyd has said: the recession BEGAN in October of 2007. And Floyd has been talking "false facts" lead our government for years, with little interest. It's now all coming true. They KNEW these books were false. Their own books are false. Put the blame where it belongs. Sarah Palin will not solve this, doggone it:)
From Trader Mike:
Some interesting information I've read over the last week................
When asked why the amount had to be $700 billion, a classic answer was given:
"It's not based on any particular data point, we just wanted to choose a really large number." a Treasury spokeswoman told Forbes.com Tuesday.
I always like to look at history for what will happen in the future. It seems we keep on making the same mistakes. If history is our guide this $700 billion dollar price tag will only be the beginning. The original estimate for the Resolution Trust Corporation (RTC) bailout of the Savings and Loan (S & L) Crisis was $30 billion. It ended up costing $145 billion, a multiple of nearly 5 times.
During the S & L Crisis, L. William Seidman, Chairman of both the FDIC and RTC made this observation:
"Only three months after the cleanup started it was already evident that the problem was far worse than anyone in government had envisioned, including me, and it was getting worse everyday. We were faced with taking the most politically unacceptable action of all, having to admit we made a big mistake."
How much you want to bet that this $700 billion won't be enough?
In one of your upcoming newsletters, please explain further on your comment "Do not teach your children never to be angry; teach them HOW to be angry.".
Anger has no value with focus. To point fingers, scream, or blow up accomplishes nothing; to show anger with logic, facts, and without emotions makes the anger have value.
Smart people are angry to solve, not to complain.
1. OJ was finally found guilty and will go to jail
2. Bush was found guilty (I pray we realize as a nation) and will leave office as the worst President of all time. He has been caught leading a bunch of rogues to the trough of money, and the trough of money is now gone. All of his "great plans" have failed miserably. Supply side economics has been exposed (although the American people to do not yet know or understand this, still filled with soundbites and false innuendo). This is NOT Congress, folks, but "from the top". We deregulated reason, and built a nation built on debt, and fear of terrorism.
The terrorism is right here, and we voted for it.
On Friday, puts hits 2.25, and calls hit 6.10. After the signing, the market collapsed in FEAR.
We've made profits on each signal during this debacle, over the past 10 days, and now have our first losing position to the call, with profits to the straddle hedge put.
The bill passed. We have spent $700 billion. Trust me, it's not enough, and just starting. The entire game is over, and 8 years of Republican abuses are clearly coming to light. It is that simple, as the CORE principles that have led our country (the family values bull you've heard so long) are supply side economic based. Cheney said "deficits don't matter".
The market allowed calls to hit good profits before the news, but the horrific jobs report that came out prompted economists to predict the recession may be worse.
Floyd has said: the recession BEGAN in October of 2007. And Floyd has been talking "false facts" lead our government for years, with little interest. It's now all coming true. They KNEW these books were false. Their own books are false. Put the blame where it belongs. Sarah Palin will not solve this, doggone it:)
From Trader Mike:
Some interesting information I've read over the last week................
When asked why the amount had to be $700 billion, a classic answer was given:
"It's not based on any particular data point, we just wanted to choose a really large number." a Treasury spokeswoman told Forbes.com Tuesday.
I always like to look at history for what will happen in the future. It seems we keep on making the same mistakes. If history is our guide this $700 billion dollar price tag will only be the beginning. The original estimate for the Resolution Trust Corporation (RTC) bailout of the Savings and Loan (S & L) Crisis was $30 billion. It ended up costing $145 billion, a multiple of nearly 5 times.
During the S & L Crisis, L. William Seidman, Chairman of both the FDIC and RTC made this observation:
"Only three months after the cleanup started it was already evident that the problem was far worse than anyone in government had envisioned, including me, and it was getting worse everyday. We were faced with taking the most politically unacceptable action of all, having to admit we made a big mistake."
How much you want to bet that this $700 billion won't be enough?
In one of your upcoming newsletters, please explain further on your comment "Do not teach your children never to be angry; teach them HOW to be angry.".
Anger has no value with focus. To point fingers, scream, or blow up accomplishes nothing; to show anger with logic, facts, and without emotions makes the anger have value.
Smart people are angry to solve, not to complain.
Friday, October 3, 2008
All the Gyrations
All the gyrations of the past three days have lost 1 trillion to the markets, while Congress lies and manipulates as we bail the federal government out. That is what we are doing. We are borrowing to keep banks alive. All the gyrations, and we're back to near where we headed in the crash on Monday.
The Oct420P was profitable to 1.50 yesterday as the world studied the slimy bill that the Senate has now led to the House, and we now wait for what our representatives, afraid to even vote to lose their jobs with us, can agree to. The Oct580C was also an incredibly great day trade, with moves from 3.80 to 4.50 occurring five times, for astute day traders.
"Nice day, Floyd. .70 on the put, up to 1.20. Played the call for a total of 7 times this week around support lines, profiting a total of $7800.00 so far, and still have "inventory". I like how you explain what is really happening"-J.P.
And from a new subscriber:
"I just made my first profit: the OXBVD puts which I bought Tuesday (2 days ago),
just got filled on their GTC order at a 40% profit.
I'm so excited, that this actually worked!
Now I'm anxious to see if my calls get filled, or at least don't lose more than what
I've won in the puts.
I understand that if the calls don't get filled by the end of Friday then I should sell them
at whatever price I get just before the market's close on that day, is that true?" NC-Israel
(BE sure and note our change to stop loss below)
One out of three Vice Presidents become President during their term in office. If you believe Sarah Palin would be a good President after watching the debates last night we have a strong difference in opinion on what is necessary to save our country.
Smart thinking is not listened to by TV or newsbites. Smart thinking comes from reading history, economics, other points of view, and being open to extraordinary thinking, not limited to a single secular perspective.
The larger question is why our credit and banking situation was allowed to deteriorate to such a point that it was necessary to create the bills we now have. Who led this? Who didn't stop it? Why didn't we know?
This has nothing to do with Wall Street and the greed of CEO's. It's led first, and should be questioned, by what Government and leaders allowed it to fester and calmly for the past 6 years told us it was okay. (Check what Bush and McCain both have said about our economy until 2 weeks ago. Everything was "fine").
In a nutshell: our government has created false financials and facts with money for years. Now the world is printing money to give to the banks to keep us afloat, as the banks have no money because of the false financials. This is not a bail out, but a debt infusion to keep the world economy afloat, led by the U.S. and our dedication to unregulated bribe driven (lobbying) free enterprise.
Be careful as you take the soundbites in. History is being made.
And as we hear of Russia, and Iran, and all the "evil":
"Do not take sides; if you take sides, you are trying to eliminate half of reality, which is impossible. For many years the United States has been trying to describe the Soviet Union as the evil side...If we look at America deeply, we see the Soviet Union. And if we look deeply at the Soviet Union, we see America. If we look deeply at the rose, we see the garbage; if we look deeply at the garbage, see the rose. In this international situation, each side is pretending to be the rose and calling the other side garbage. "
Thich Nhat Hanh
The Oct420P was profitable to 1.50 yesterday as the world studied the slimy bill that the Senate has now led to the House, and we now wait for what our representatives, afraid to even vote to lose their jobs with us, can agree to. The Oct580C was also an incredibly great day trade, with moves from 3.80 to 4.50 occurring five times, for astute day traders.
"Nice day, Floyd. .70 on the put, up to 1.20. Played the call for a total of 7 times this week around support lines, profiting a total of $7800.00 so far, and still have "inventory". I like how you explain what is really happening"-J.P.
And from a new subscriber:
"I just made my first profit: the OXBVD puts which I bought Tuesday (2 days ago),
just got filled on their GTC order at a 40% profit.
I'm so excited, that this actually worked!
Now I'm anxious to see if my calls get filled, or at least don't lose more than what
I've won in the puts.
I understand that if the calls don't get filled by the end of Friday then I should sell them
at whatever price I get just before the market's close on that day, is that true?" NC-Israel
(BE sure and note our change to stop loss below)
One out of three Vice Presidents become President during their term in office. If you believe Sarah Palin would be a good President after watching the debates last night we have a strong difference in opinion on what is necessary to save our country.
Smart thinking is not listened to by TV or newsbites. Smart thinking comes from reading history, economics, other points of view, and being open to extraordinary thinking, not limited to a single secular perspective.
The larger question is why our credit and banking situation was allowed to deteriorate to such a point that it was necessary to create the bills we now have. Who led this? Who didn't stop it? Why didn't we know?
This has nothing to do with Wall Street and the greed of CEO's. It's led first, and should be questioned, by what Government and leaders allowed it to fester and calmly for the past 6 years told us it was okay. (Check what Bush and McCain both have said about our economy until 2 weeks ago. Everything was "fine").
In a nutshell: our government has created false financials and facts with money for years. Now the world is printing money to give to the banks to keep us afloat, as the banks have no money because of the false financials. This is not a bail out, but a debt infusion to keep the world economy afloat, led by the U.S. and our dedication to unregulated bribe driven (lobbying) free enterprise.
Be careful as you take the soundbites in. History is being made.
And as we hear of Russia, and Iran, and all the "evil":
"Do not take sides; if you take sides, you are trying to eliminate half of reality, which is impossible. For many years the United States has been trying to describe the Soviet Union as the evil side...If we look at America deeply, we see the Soviet Union. And if we look deeply at the Soviet Union, we see America. If we look deeply at the rose, we see the garbage; if we look deeply at the garbage, see the rose. In this international situation, each side is pretending to be the rose and calling the other side garbage. "
Thich Nhat Hanh
Thursday, October 2, 2008
Do We Never Learn From History?
The market moved from highs of 10,922 to lows of 10,591 in a day, allowing astute day traders to profit to both put and call. Calls many bought and sold three times for .80 average per contract prices, as the market moved in 100 point increments like clockwork as investors hesitated.
But astute is the word, as the volatility in the market was exhausting to all, as the market whipsawed around the idiots in the Senate, now getting ready to get a bill to the idiots in the House, and both parties posturing right and wrong.
Only after the bailout occurs will we begin to unravel the mess, and find the true damage.
If the bailout does not occur, the banks will freeze, and 7000 is highly likely. It is that simple.
It is NOT just Freddie/Fannie, and banking...it is the house of cards of supply side money falling.
When the only jobs being created during a bubble are around the bubble (housing) and unemployment data is falsified, while interest rates are lowered, scoundrels have been running to the bank as they supersize us, and feed us debt. And all of us ate.
No one stopped anything and the spending just kept going.
For years in our services Floyd used to criticize, ridicule and call names at Greenspan, specifically Bubbles Greenspan I called him, because I consider:
1. Greenspan a disaster that allowed our bubbles to be created.
2. A "world order" advocate Greenspan believed in big company only free enterprise, and promoted the Federal Reserve.
3. Two other versions of Federal Banks failed before the Reserve. If Floyd were in charge he would immediately disband the Federal Reserve, return to the Gold Standard, fire Bernanke and fire Paulson.
Obviously I'm not and we may elect Sara Palin President.
Sigh.
It won't be long before my thinking above becomes "real". For years I was laughed at on Greenspan, as I was "against the flow of the obvious", but am now being vindicated as the mortgage fraud, which Greenspan perpetrated years ago, now unravels. He perpetrated many things, leading with low interest rates. Clinton wisely used the proceeds of the last bubble, which Greenspan led, to pay down the Reagan and Bush 1 Debt. Sadly, the next bubble we used to pay oil companies and Halliburton, and the 700 billion war in Iraq, and now have debt that we have no idea how to pay off, with more being voted in this week.
Economists in think tanks that have no reality should not run our country. Bernanke is a professor who has never had a job. I'll leave you with the next rants...the Federal Reserve should be abolished.
Do not teach your children never to be angry; teach them HOW to be angry.
There is a saying in the Middle East that a foreign journalist who comes there and stays a week goes home to write a book in which he presents a pat solution to all of the Middle East's problems. If he stays a month, he writes a magazine article filled with "if's and "but's" and "on the other hands"s. If he stays a year he writes nothing at all, for the complexities and paradoxes of this explosive area have left him bewildered and confused.
From a 1962 editorial in the Saturday Evening Post.
Do we never learn from history?
But astute is the word, as the volatility in the market was exhausting to all, as the market whipsawed around the idiots in the Senate, now getting ready to get a bill to the idiots in the House, and both parties posturing right and wrong.
Only after the bailout occurs will we begin to unravel the mess, and find the true damage.
If the bailout does not occur, the banks will freeze, and 7000 is highly likely. It is that simple.
It is NOT just Freddie/Fannie, and banking...it is the house of cards of supply side money falling.
When the only jobs being created during a bubble are around the bubble (housing) and unemployment data is falsified, while interest rates are lowered, scoundrels have been running to the bank as they supersize us, and feed us debt. And all of us ate.
No one stopped anything and the spending just kept going.
For years in our services Floyd used to criticize, ridicule and call names at Greenspan, specifically Bubbles Greenspan I called him, because I consider:
1. Greenspan a disaster that allowed our bubbles to be created.
2. A "world order" advocate Greenspan believed in big company only free enterprise, and promoted the Federal Reserve.
3. Two other versions of Federal Banks failed before the Reserve. If Floyd were in charge he would immediately disband the Federal Reserve, return to the Gold Standard, fire Bernanke and fire Paulson.
Obviously I'm not and we may elect Sara Palin President.
Sigh.
It won't be long before my thinking above becomes "real". For years I was laughed at on Greenspan, as I was "against the flow of the obvious", but am now being vindicated as the mortgage fraud, which Greenspan perpetrated years ago, now unravels. He perpetrated many things, leading with low interest rates. Clinton wisely used the proceeds of the last bubble, which Greenspan led, to pay down the Reagan and Bush 1 Debt. Sadly, the next bubble we used to pay oil companies and Halliburton, and the 700 billion war in Iraq, and now have debt that we have no idea how to pay off, with more being voted in this week.
Economists in think tanks that have no reality should not run our country. Bernanke is a professor who has never had a job. I'll leave you with the next rants...the Federal Reserve should be abolished.
Do not teach your children never to be angry; teach them HOW to be angry.
There is a saying in the Middle East that a foreign journalist who comes there and stays a week goes home to write a book in which he presents a pat solution to all of the Middle East's problems. If he stays a month, he writes a magazine article filled with "if's and "but's" and "on the other hands"s. If he stays a year he writes nothing at all, for the complexities and paradoxes of this explosive area have left him bewildered and confused.
From a 1962 editorial in the Saturday Evening Post.
Do we never learn from history?
Wednesday, October 1, 2008
Do NOT believe the market will stay UP
Ahh, what a difference a day makes. The market rebound took us to tops of 10,908. Day traders on the Oct580Calls were profitable to 38% and up.
We continue to own a straddle, with an OTM put that should be a smaller position, and a call we hope to have strong upside on the signing of some diluted, connived, socialist bill that it is fully necessary to keep our banking alive....all based on supply side economics failing.
Three months ago Wachovia said they had 4 billion in bad debt on mortgages. When they bankrupt sold to Citi today they listed 40 billion.
These are the false facts that have lead us. We still have these false facts in our Federal Government, from false unemployment to deficits, and it will take several years for us to regulate ourselves out of the mess we have allowed to be created.
Calls have the upside potential of 52%, to market tops that may ease at 11,340 area. It is an anything goes market.
McCain's economic guru, Phil Gramm, rammed deregulation of financial services through Congress. They even named the bill after him.
Deregulation makes GREAT sense and is right IF GREED and structures are not in place to allow only certain people to win (Halliburton winning the bids for Iraq comes to mind). Do NOT forget this information while the false facts and partisan name calling continues.
Obama is not a perfect answer. Sarah and the Ruskies in Alaska is the perfect answer, for our own possible annihilation, if McCain were to die. We are right now doing two things:
1. Electing the best of the worst (Obama over McCain), or not.
2. Dealing with 8 years of supply side economics and debt building, the reverse of true Republicanism. These are NOT conservatives in any way.
When Bush was reelected four years ago he began work on privatizing social security.
McCain voted right with him.
Can you imagine what would be happening now if this occurred? The financial meltdown we have now is only partly "housing," and the supply side economics without regulation that have led the Republicans this past 8 years, and how McCain has voted, are the cause of our issues.
Remember the privatizing of social security as you vote next month.
"Republicans, who have won so many elections painting Democrats as socialists and pinkos, have now done so much irresponsible deregulating and deficit spending that they have to avoid fiscal Armageddon by turning America into a socialist, pinko society with nationalized financial institutions and financial czars accountable to no one and no law".
We are at a precipice, and even if it gets better, it may not last long. It depends on how we think in the next few years.
Now we have to fix what we have wrought. Any bill will only be the beginning.
Whenever two good people argue over principles, they are both right.
Most people, including McCain, that are Republicans call themselves conservative, and call Democrats Liberal. It so amuses me, as true Conservatives such as Dwight Eisenhower nor Barry Goldwater would recognize today's Republican Party. There is nothing conservative about recklessly and unjustifiably invading a sovereign nation, suspending habeas corpus, and amassing the large debt in U.S. history. This is what has occurred within the Bush administration, BEFORE the recent financial crisis that will cost us up to a trillion.
These are facts. McCain voted with this 90% of the time. Thusly it would appear evident he would continue to work in the same way that he has worked. What has occurred that would make him be different than how he has been, and how would he do this, let alone Sarah Palin if he were to die?
These are honest questions. Answer them first, before you consider Obama/Biden, as the key decisions revolve around the philosophies the Republican Party currently follow, which are by NO means conservative.
It is not understanding the above that has us in the situation we are in, which will worsen.
Do NOT believe the market will stay UP. Nothing we are doing even begins to solve the real problems, we are only solving the immediate illiquidity and inability to lend.
We continue to own a straddle, with an OTM put that should be a smaller position, and a call we hope to have strong upside on the signing of some diluted, connived, socialist bill that it is fully necessary to keep our banking alive....all based on supply side economics failing.
Three months ago Wachovia said they had 4 billion in bad debt on mortgages. When they bankrupt sold to Citi today they listed 40 billion.
These are the false facts that have lead us. We still have these false facts in our Federal Government, from false unemployment to deficits, and it will take several years for us to regulate ourselves out of the mess we have allowed to be created.
Calls have the upside potential of 52%, to market tops that may ease at 11,340 area. It is an anything goes market.
McCain's economic guru, Phil Gramm, rammed deregulation of financial services through Congress. They even named the bill after him.
Deregulation makes GREAT sense and is right IF GREED and structures are not in place to allow only certain people to win (Halliburton winning the bids for Iraq comes to mind). Do NOT forget this information while the false facts and partisan name calling continues.
Obama is not a perfect answer. Sarah and the Ruskies in Alaska is the perfect answer, for our own possible annihilation, if McCain were to die. We are right now doing two things:
1. Electing the best of the worst (Obama over McCain), or not.
2. Dealing with 8 years of supply side economics and debt building, the reverse of true Republicanism. These are NOT conservatives in any way.
When Bush was reelected four years ago he began work on privatizing social security.
McCain voted right with him.
Can you imagine what would be happening now if this occurred? The financial meltdown we have now is only partly "housing," and the supply side economics without regulation that have led the Republicans this past 8 years, and how McCain has voted, are the cause of our issues.
Remember the privatizing of social security as you vote next month.
"Republicans, who have won so many elections painting Democrats as socialists and pinkos, have now done so much irresponsible deregulating and deficit spending that they have to avoid fiscal Armageddon by turning America into a socialist, pinko society with nationalized financial institutions and financial czars accountable to no one and no law".
We are at a precipice, and even if it gets better, it may not last long. It depends on how we think in the next few years.
Now we have to fix what we have wrought. Any bill will only be the beginning.
Whenever two good people argue over principles, they are both right.
Most people, including McCain, that are Republicans call themselves conservative, and call Democrats Liberal. It so amuses me, as true Conservatives such as Dwight Eisenhower nor Barry Goldwater would recognize today's Republican Party. There is nothing conservative about recklessly and unjustifiably invading a sovereign nation, suspending habeas corpus, and amassing the large debt in U.S. history. This is what has occurred within the Bush administration, BEFORE the recent financial crisis that will cost us up to a trillion.
These are facts. McCain voted with this 90% of the time. Thusly it would appear evident he would continue to work in the same way that he has worked. What has occurred that would make him be different than how he has been, and how would he do this, let alone Sarah Palin if he were to die?
These are honest questions. Answer them first, before you consider Obama/Biden, as the key decisions revolve around the philosophies the Republican Party currently follow, which are by NO means conservative.
It is not understanding the above that has us in the situation we are in, which will worsen.
Do NOT believe the market will stay UP. Nothing we are doing even begins to solve the real problems, we are only solving the immediate illiquidity and inability to lend.
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