Two years for the bull market,
The government did not have the balls to jail any CEO from the Banks so impunity runs amok and we have to prepare for further wrongdoing.

Well, after being wrong about the market (it is going to the moon....) and predicting a bounce to the lows, I humbly admit that I cannot fathom the extreme power of government money.
I guess all is well, evidenced by the market going up on the day GM announced bankruptcy.....
I could have bet you a great deal of money (and of course, I would have lost the bet...) that such an event would not have taken place in that fashion, but I guess it always is about making money instead of being right.
As a result, I can conclude that the market does what it does, it defies logic, reason and any rational analysis by being "human". I guess the singularity event will happen when computers become "human" and I bet you anything that the first applicacion of AI version next is the market.... Wishful thinking for all wannabe quants

June should be an interesting month for the Market

Well, after a long hiatus, I forgot about the blog, The market made me crazy. Let us see: We had a rally from November, we tanked on March and now we are up 25 %.
After four straight weeks of gains we get a couple of down days and the talking heads are pumping the bulls.
Who is right? What is wrong? To tell you the truth I think NOBODY KNOWS! Not that I know anything, but I am sure that it would be very hard for anyone to foresee the future AND TALK ABOUT IT IN PUBLIC.

The market really is at a crossroad: My gut feeling is: we go for the lows again.

The year is about to end, as I hear on talking head tv - Are you up or down? Do you know where your money is?

This was the year of the acronyms, TARP, TAF, TALF, and terms as "Car Czar"

The only question I have is: Where is my bailout?

What we really need is a complete wash out!

We need a trading day in which trading restrictions are set off, and warnings and crying havoc all around.
Then we would see a bottoming process....

It is just my opinion, remember, everybody is hoping that greed, which led us to this crisis, is going to take us out of it by irrational buying....


Be careful out there!

Bailout Nation:

Who is next, autos, airlines or banks??

The Paulson Put

Expect a rally of a 3 $ or more for Monday Sep 8.
This is due to the "free market" play executed by Hank Paulson.
Just remember, this guy used to be one of the biggest fund managers in the world, plus now he is super rich due to his pre-meltdown sales of his company stock tax free...

It is really hard to see the consequences of all these manipulative events...

Its almost 1PM and the DOW is almost down by 320 points.
If you really think about it, it should not surprise you
Here is why:
There is no demand destruction: traders and hedge funds blew a lot of money on oil, so it should go up again
- Do you trust the market, the manipulated data or the blabbering talking heads

- Do you trust the bond market, the gold market or the stock market?

- All the bottom callers are changing their songs (cramer included)

- Yes, there are opportunities to make a lot of money (deep valued stocks), but there are also lots of opportunities to crash and burn, Live to trade another day

- It can be the beginning of the end, not the beginning of the new bull