Time to Short them all to Hell!

[seanm123]

There are about two thousand market makers.

How many are crooked?

Former SEC Chairman Harvey Pitt, interviewed Thursday by CNBC, said the scandal would further undermine people’s confidence in the securities industry. “It’s unfathomable how this could have gone on for so long without anyone having any clue about it,” he said. He expects “the likelihood anyone will get any of their money back is slim to none.”


http://www.cnbc.com/id/28182873

[jtabeb]

Re: Time to Short them all to Hell!

There are about two thousand market makers.

How many are crooked?

Former SEC Chairman Harvey Pitt, interviewed Thursday by CNBC, said the scandal would further undermine people’s confidence in the securities industry. “It’s unfathomable how this could have gone on for so long without anyone having any clue about it,” he said. He expects “the likelihood anyone will get any of their money back is slim to none.”


http://www.cnbc.com/id/28182873

Dude, seriously, WRONG ANSWER!

If you haven't learned by now that the only way for them to win is for YOU to play the game (in the "markets"). The only way you can't LOSE, is to stop playing their fukcing games!

Long = their game, you lose.:mad:
Short = their game, you lose.:mad:
Hedged = their game, you lose.:mad:
Leveraged = their game, you lose.:mad:
Cash = Bernanke's game, you lose.:mad::mad:
Treasuries = Paulson's game, you lose.:mad::mad:

Get the picture?:mad::mad::mad::mad::mad:

There are several "win" games for us small fry, but they all involve trading paper coupons (cash) for something PRECIOUS, something that has value, something THEY can't muck with. Get it, and protect it with your life.

(Hint, shiny, silvery or yellow colored, and heavy.)

Not kidding.

[Jim Nickerson]

Re: Time to Short them all to Hell!

Dude, seriously, WRONG ANSWER!

If you haven't learned by now that the only way for them to win is for YOU to play the game (in the "markets"). The only way you can't LOSE, is to stop playing their fukcing games!

Long = their game, you lose.:mad:
Short = their game, you lose.:mad:
Hedged = their game, you lose.:mad:
Leveraged = their game, you lose.:mad:
Cash = Bernanke's game, you lose.:mad::mad:
Treasuries = Paulson's game, you lose.:mad::mad:

Get the picture?:mad::mad::mad::mad::mad:

There are several "win" games for us small fry, but they all involve trading paper coupons (cash) for something PRECIOUS, something that has value, something THEY can't muck with. Get it, and protect it with your life.

(Hint, shiny, silvery or yellow colored, and heavy.)

Not kidding.

Dude, I thought you put up yesterday that your gut had instructed your brain which instructed your finger to go 50% long. What is with this sudden revelation of how crooked everything is, if you put your money into the markets yesterday?

[jtabeb]

Re: Time to Short them all to Hell!

Dude, I thought you put up yesterday that your gut had instructed your brain which instructed your finger to go 50% long. What is with this sudden revelation of how crooked everything is, if you put your money into the markets yesterday?

Dear JIM,

That is in my GOV TSP fund which I can not access or pull out funds or what have you. They are literally CAPTIVE funds, and I have all of 4 equally bad Choices that will allow me to decide how I want to lose money. Domestic stocks? International stocks? Very short term US-T's (3 day), or domestic bonds. This represents 25% of my portfolio. So give a brother a break, if I could have taken it out, I would have done so already.

So it's presently at 50% T-bills and 25% domestic stock, 25% international stock, for a whopping total of 12.5% of my net worth committed to the stock market. (I posted this info in my follow-up to lukester)

All my PERSONAL retirement accounts have long since turned into something more shiny.

[Jim Nickerson]

Re: Time to Short them all to Hell!

Dear JIM,

That is in my GOV TSP fund which I can not access or pull out funds or what have you. They are literally CAPTIVE funds, and I have all of 4 equally bad Choices that will allow me to decide how I want to lose money. Domestic stocks? International stocks? Very short term US-T's (3 day), or domestic bonds. This represents 25% of my portfolio. So give a brother a break, if I could have taken it out, I would have done so already.

So it's presently at 50% T-bills and 25% domestic stock, 25% international stock, for a whopping total of 12.5% of my net worth committed to the stock market. (I posted this info in my follow-up to lukester)

All my PERSONAL retirement accounts have long since turned into something more shiny.

Sorry, did not see the followup post to Luke. Curiosoity: what is gov. TSP?

What is your gut telling you about tomorrow?

I have no strong conviction about what the markets are going to do, any of them, in the near or next six month future, though I am essentially 50% long spread out over stocks, comm., PM's stocks and metal.

You bought into some strength yesterday was it, which generally is not a bad way to go, but everytime I have tried it recently, I got punished, and I am tired of it.

[jtabeb]

Re: Time to Short them all to Hell!

Sorry, did not see the followup post to Luke. Curiosoity: what is gov. TSP?

What is your gut telling you about tomorrow?

I have no strong conviction about what the markets are going to do, any of them, in the near or next six month future, though I am essentially 50% long spread out over stocks, comm., PM's stocks and metal.

You bought into some strength yesterday was it, which generally is not a bad way to go, but everytime I have tried it recently, I got punished, and I am tired of it.

www.tsp.gov

it's the 401K for military and civil service members. They "civil service" get a match, we get tax free contributions when we are in a war zone. (I'd personally rather have the matching funds).


Like some here has in their signature block "Getting the trend right and the timing wrong for the last 5 years". That is how I would characterize my market timing calls.

But I fully expect that a big devaluation in the dollar is comming. And I think that that will push cash back into equities as that is the only place big enough to support that large flow of funds. I think that foreign entities would also be likely to push cash into to stock market for the same reason. Basically, Just as you are seeing a rush in to treasuries caused by fear of holding stocks, I think we will see a flight into stocks as that fear becomes the fear of holding cash. So I am less worried about getting pounded as an "early adopter", than I am about being pounded as a guy that is holding all cash when people are trying to flee cash.

IMHO.

[vinoveri]

Re: Time to Short them all to Hell!

There are several "win" games for us small fry, but they all involve trading paper coupons (cash) for something PRECIOUS, something that has value, something THEY can't muck with. Get it, and protect it with your life.

(Hint, shiny, silvery or yellow colored, and heavy.)

Except perhaps that 'they' show up with badges and take your PM. (or more likely make it illegal to trade PM or even more likely highly tax any trades or redemptions of PM).

I'm with you on having physical PM, but don't think it is without risk of "you lose"

[jtabeb]

Re: Time to Short them all to Hell!

Except perhaps that 'they' show up with badges and take your PM. (or more likely make it illegal to trade PM or even more likely highly tax any trades or redemptions of PM).

I'm with you on having physical PM, but don't think it is without risk of "you lose"

No, I understand there is risk. But to me it is worth it to actually have a winning investment, vs owning a loosing investment. Besides, they have to prove I still have it, and find it.;)

[Glenn Black]

What about Canada ?

I have repeatedly tried to crystal ball the future of the Canadian $ vs. the US$., without success. US & Canada are joined at the hip on trade. Historically, when the US goes into recession/depression, the US pushed Canada over the cliff first (to have something soft to land on when they hit bottom ???), and Canada was always last to drag themselves out of the hole. What about this time? If the US goes into recession/depression/hyper-inflation, what will happen to Canada and our CDN$ purchasing power? Will Canada have greater or less hyperinflation? Will the world-wide recession/depression be worse (or less severe) in Canada compared to the US? when compared to the rest of the world? It seems there are so many ingredients poured into the Canadian economic cocktail blender, nobody can do more than a guess as to what the drink will look like when they switch on the recession/depression economic blender, other than everybody & everything is going to get chopped up nice & fine.

[Starving Steve]

Re: What about Canada ?

I have repeatedly tried to crystal ball the future of the Canadian $ vs. the US$., without success. US & Canada are joined at the hip on trade. Historically, when the US goes into recession/depression, the US pushed Canada over the cliff first (to have something soft to land on when they hit bottom ???), and Canada was always last to drag themselves out of the hole. What about this time? If the US goes into recession/depression/hyper-inflation, what will happen to Canada and our CDN$ purchasing power? Will Canada have greater or less hyperinflation? Will the world-wide recession/depression be worse (or less severe) in Canada compared to the US? when compared to the rest of the world? It seems there are so many ingredients poured into the Canadian economic cocktail blender, nobody can do more than a guess as to what the drink will look like when they switch on the recession/depression economic blender, other than everybody & everything is going to get chopped up nice & fine.

To the extent that Canada has exported-away real items such as energy and minerals and to the extent that Canada has a currency which is backed by Euros and U.S. dollars, Canada will go down the toilet with the rest of the world. Trudeau sold the gold reserves.

Maybe the best way to survive this mess is to get real: Right now, I am converting $40,000 in my stock market account to a two-car garage at my home in East Sooke, British Columbia. They can't devalue my home and property as easily as they can devalue stocks and the paper money that stocks represent.

Don't forget that in the past few weeks the beaver buck has lost 20% of its value relative to the worthless U.S. dollar. And stocks have lost even more, especially Cdn stocks on the TSE.

I am playing both sides of the inflation-deflation fence: In case of inflation, I have my home, my core gold coin position, my silver coin, and my silverware, and my decimated oil and gas trusts which at least pay dividends.... And in case of deflation, I have U.S. dollars, U.S. bonds, beaver bucks, and Canadian provincial bonds.

[vinoveri]

Re: Time to Short them all to Hell!

No, I understand there is risk. But to me it is worth it to actually have a winning investment, vs owning a loosing investment. Besides, they have to prove I still have it, and find it.;)

you mean it's not buried in your back yard?:p

[GRG55]

Re: What about Canada ?

I have repeatedly tried to crystal ball the future of the Canadian $ vs. the US$., without success. US & Canada are joined at the hip on trade. Historically, when the US goes into recession/depression, the US pushed Canada over the cliff first (to have something soft to land on when they hit bottom ???), and Canada was always last to drag themselves out of the hole. What about this time? If the US goes into recession/depression/hyper-inflation, what will happen to Canada and our CDN$ purchasing power? Will Canada have greater or less hyperinflation? Will the world-wide recession/depression be worse (or less severe) in Canada compared to the US? when compared to the rest of the world? It seems there are so many ingredients poured into the Canadian economic cocktail blender, nobody can do more than a guess as to what the drink will look like when they switch on the recession/depression economic blender, other than everybody & everything is going to get chopped up nice & fine.

Loonie joined at the hip to rocks, trees and oil; they pretty well move in concert. Until the politicians get involved, then the Loonie falls all by itself.

That's what happened in the 1970's when the [pre-Loonie ] Cdn $ rode the commodity bull market. Until the PQ won the Quebec election, and that was it for the Canuck buck. Didn't get back to par with the US$ until the commodity bull this decade.

Meanwhile back at the clown colony known as Ottawa, the same politicians that spend their time sending each other verbal snotgrams [mostly in Question Period] accusing one another of fraternizing too closely with the dreaded Yankees, are now threatening total annihilation if the government doesn't out-American the Americans in the useless spending dept. Just watch how closely we all [involuntarily] fall in line behind our cousins State-side as we bail out the automakers. It would be hilarious, if it wasn't so tragic. ;)

And Steve...they'll devalue your East Sooke hideout by sending the BC Assessment Authority around to raise your property tax assessment. Bankrupt governments always go after whoever has capital, in whatever form they can track it. And property is deadly. When Calgary moved to a "market based assessment" in the early 1990's, years of government sponsored inflation resulted in numerous inner-city seniors who had lived in their [formerly] middle class neighbourhoods for decades to have to sell and move, as their fixed incomes could not possibly handle the step-function tax increase.

[raja]

Re: Time to Short them all to Hell!

you mean it's not buried in your back yard?:p

Beware of metal detectors . . . .
Or judges that convict you on "reasonable" suspicion of guilt.

If one can swing it, diversify.

[jtabeb]

Re: Time to Short them all to Hell!

Beware of metal detectors . . . .
Or judges that convict you on "reasonable" suspicion of guilt.

If one can swing it, diversify.

I'm more worried about "lie detectors" than metal detectors.;)