Looks like it is a go!

[Tulpen]

http://www.reuters.com/article/newsO...48O0E620080925

Opinions on how to benefit investment wise from this?

Disclosure: Long financials

[jtabeb]

Re: Looks like it is a go!

http://www.reuters.com/article/newsO...48O0E620080925

Opinions on how to benefit investment wise from this?

Disclosure: Long financials

Fuck'em Torches and Pitchforks and Puke buckets and rotten eggs and vegtables and tar and feather time!

They got it, the shitheads actually got it through. Can you believe this.

...with Liberty and Justice for the top .01%, god bless amerika or should I say Republic of The United Socialist States of Amerika (RUSSA).

When does Putin come to take over, before or after the puppet election?

[Tulpen]

Re: Looks like it is a go!

They got it, the shitheads actually got it through. Can you believe this.

Frankly I did not expect anything else.

Now the important question for those who invest or speculate: how are we going to benefit from this? :cool:

[cakins]

Re: Looks like it is a go!

Frankly I did not expect anything else.

Now the important question for those who invest or speculate: how are we going to benefit from this? :cool:

What would you do in any other banana republic? What would you do in Argentina? What would you do in Brazil? Mexico?

Short the currency! Don't trust any U.S. paper of any kind. Don't trust any banks or intermediaries between you and your wealth. Anything paper - stocks, bonds, certificates, ETFs, FRNs, will ALL BURN. Buy stuff that cannot burn. Buy stuff you can drop on your foot!

Strap in. Here we go!

[Supercilious]

Re: Looks like it is a go!

http://www.reuters.com/article/newsO...48O0E620080925

Disclosure: Long financials

Not a good idea

[nathanhulick]

Re: Looks like it is a go!

Of course it was going to pass. Anyone who has been following the itulip thesis should have expected this, I would have thought.

As far as what to do investment wise, it seems like nothing has changed, long gold, long commodities, short dollar denominated assets.

[mikedev10]

Re: Looks like it is a go!

is it wise to exit puts on financials now? or are financials still going to take further beatings they so rightly deserve?

[Tulpen]

Re: Looks like it is a go!

Not a good idea

Financials is up 2.5% today and golds is down by the way.

I think there is also an argument for shorting gold, since I believe that most of the recent buying was panic based.

[c1ue]

Re: Looks like it is a go!

Tulpen,

I admire your conviction.

Time will tell if you can handle the roller coaster ride you have embarked on.

I rode the last wave, jumping in at the very end because I did expect the system to survive.

This time I do not.

[Tulpen]

Re: Looks like it is a go!

Financials is up 2.5% today and golds is down by the way.

I think there is also an argument for shorting gold, since I believe that most of the recent buying was panic based.

Sold my long position in financials.

Sell on the "news" ;)

[The Outback Oracle]

Re: Looks like it is a go!

Gold down
Gee Daddy Hank...look what's left in my glass!!!...700B bailout....all these bloody idiots still believe in the tooth fairy. ...free money wheeeee!!!

No reflection on you tulpen. Maybe you have a better read on idiots than me.

[we_are_toast]

Re: Looks like it is a go!

It looks like the deal is done:

done deal

It almost surely contains a cut in top exec pay.

My question: If your a ceo and go to the gov for a hand-out, you loose your golden parachute worth several million dollars. If you let your bank go under you walk away with millions. What would you do?

[Supercilious]

Re: Looks like it is a go!

Sold my long position in financials.

Sell on the "news" ;)

Good. I promised myself to stay out of financials until the scam settles, But I'm itching to go long (with 5% of my portfolio) on GS Friday at the end of the trading day.

If it's not just my defective tinfoil hat, and Bernancke, Paulson and W are indeed in collusion with hedge fund buddies, in order to commit a giant fraud, that investment strategy can't go wrong.

You would know you are going to be rich on Monday if you are laughing yous a$$ to death watching on TV the pathetic panic farse put by the congress over the weekend.

This is how fraudulent financial bunraku works:

[jimmygu3]

Re: Looks like it is a go!

It looks like the deal is done:

done deal

It almost surely contains a cut in top exec pay.

My question: If your a ceo and go to the gov for a hand-out, you loose your golden parachute worth several million dollars. If you let your bank go under you walk away with millions. What would you do?

Couldn't the board force a CEO to take the deal?

[tombat1913]

Re: Looks like it is a go!

Right, short gold before the real panic. :confused: