Archive - Sep 2011 - Blog entry

The Donald takes delivery of 3 Kilos.

The following chapter 2 is excerpted from The Little Book of Sideways Markets (Wiley, 2010).  Enjoy

The market has become dominated by rumors. The primary rumor is of China supporting Europe. We saw similar rumors in 2008 for Wall Street banks. Those purchases all resulted in massive losses for the funds in question. And yet we are seeing similar rumors inciting large rallies in stocks today, this time the rumors pertaining to China and Japan buying Europe.

Policy Madness (inconsistency) in Muniland.  Some bullets.

"Look at what I say, not at what I do! We have no liquidity problem." Listen, if you have to sell $96 billion of mismarked assets when you DON'T need liquidity, imagine what needs to be done if you have a liquidity problem!

The CEO of SocGen is selling. I'm not buying.

All you need to read.

When it sees that big plop, the Fed will react. By then, the egg will be broken, and the chicken cooked.

This post, in and of itself, should demonstrate to the entire Sell Side of Wall Street, the MSM/pop media outlets and all who may follow them that BoomBustBlog forensic research and analysis is simply superior to much of what is available and significantly overpaid for in terms of investment advice and opinion.

Data trumps rumors and QE3 or whatever stimulus we get trumps everything else...

I talk direct to George Kaiser on radio. He listened, but will he listen?

The similarities between 2008 and today are growing even more eerily similar. We’ve seen a mega-bailout similar to Hank Paulson’s “Bazooka,” we’ve also seen short-selling bans and sovereign bailout rumors (China and Middle East for Wall Street in 2008 vs. China for Europe today).

Let’s be honest here. Neither China, nor the ECB, nor the Federal Reserve can stave off the collapse that’s coming. Indeed, the Fed spent $900 billion and nearly one year to prop the markets up… and we’ve wiped out ALL of those gains in just one month.