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PerpWalkWatch - # of Hours New AG Eric Holder Has Let Angelo Mozilo Run Free
Eric Holder and Barack Obama
Failure to
Arrest
Angelo Mozilo
2862 Hours
(countdown suspended 6/21/2009)
ERIC HOLDER - YOU ARE A COWARD
DO YOUR JOB
(UPDATE 6.4.09 - SEC CHARGES MOZILO WITH INSIDER TRADING. YET ERIC HOLDER STILL SITS ON HIS ASS AND DOES NOTHING)
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27 comments:
Oh, the oh shit moment I just lost my ass bigtime.
Dont forget FAZ. 52 week high of 201.86.
How about SRS too - Ultrashort commercial real estate.
The day that General Growth Property (the largest commercial real estate company in US) filed for bankrupcy, SRS went DOWN.
Something is very much amiss , is it not?
But hey - if this is the beginning of hyperinflation, then all stocks will go to the moon regardless of earnings and all shorts will be crushed. In real terms stocks may lose value but still rise.
Only commidities are safe.
Precious Metals, Energy and Ag - period!
Yes, please explain.
ugh - I admit it, i got caught. I'm down 50%. I'm holding on as selling the short means your buying, and I'm not going to pile into this trade - not now.
If you your like me, consider swapping your SKF for a proportional amount of FAZ for the tax loss. It's good for taxes and it gets the loss off your statement.
So I'm going into the Wichita court building today to figure out how to sue Delta airlines for majorly screwing me over then making me re-purchase my return flight, and a guy approaches me.
He says he just got out of jail and needs to get $13.50 to take the bus back to his town. I could tell he was speaking the truth from his eye contact.
So I give him $20. He said he'd been asking for a long time to receive almost nothing. He thanked me a great deal.
So when is the last time you did something like that Bukko? Oh he was black by the way.
And I feel like I got more sense of good feeling for that 20 dollars than if I spent it on the usual stuff. That's just me. I'm kinda weird.
- a republican.
http://www.ft.com/cms/s/0/158f174a-3bed-11de-acbc-00144feabdc0.html
>Oh he was black by the way.
I hate to mention a detail like that and wouldn't, except that Bukko is such a racist I thought it was germane.
Yeah, I have a question: are you suggesting that we buy SKF?
Because I could go either way on this.
On the one hand, these stress tests were a joke and the banking industry is NOT in good shape.
On the other hand, how can the banks lose when they own the government?
I've been watching the markets rise and can't help but think that it's too far too fast. I'm up so much that it just can't be sustainable, it can't be real.
I'm thinking about selling it all and going all short etfs.
yes, can you explain what this low means in layman's terms? I sort of understand what SKF is (ETF investing in financials, right?) but i'm not a trader so i really have no idea what it means to the broader picture. A quick and dirty on it would be much appreciated.
thanks!
-BG
Whats not clear about it ?
Its all alchemy. Banks are the same piles of sh!t they ever were, just got a clean bill of health from an equally insolvent gov.
Whats surprising is how many people are falling for the scam. But then, someone has to be on the other side of our trades...
So here is what I do:
BUY BUY BUY !
Just dont forget you are gambling against the HelicopterBen...
Hello, I don't know if anyone is left to see this. I am writing to you from a secret bunker 50 feet below the surface of Antarctica where I locked myself a week or so ago when the Sheeple Flu Outbreak began. I am writing to ask if there are any survivors left. If so, did the flu just kill everyone or are there now flesh eating zombies to contend with? Do the zombies spread the sheeple flu, or do they just eat your brains? Thanks in advance for the info.
I am writing to you from a secret bunker 50 feet below the surface of Antarctica where I locked myself a week or so ago when the Sheeple Flu Outbreak began.Yeah, good luck with THE THING.
You did watch John Carpenter's movie with Kurt Russel, right?
Here's the problem with skf srs faz and the other ultra shorts. They are only traking the DAILY percenet gain or loss and some of them are 2X or 3x the index they are tracking. For example SRS is two times short, but even if it was one time short the killer is the DAILY change. Here's a simple example to make it simple. Say the is one stock in the index say SPG Simon Properties and say it was $100 when you bought SRS say also at $100. If SPG dropped from $100 to $50 a 50% drop you SRS (using just 1X for this example) would go from $100 to $150. Say the next day the stock went from $50 back up to $75 a 50% increase. SRS would go from 150 to 75. So you see is you were plain short you would still be up $25 but with these DAILY ultra shorts you could get your clock cleaned - SKF is the same way and the ironic thing is the ultra longs have the same problem. These stocks are for day traders only to really get leverage. On a plus side if you nail a good couple of days where the trend is going your way these stocks will go parabolic that's why they hit the highs that they did. But the same thing would happen if you hot red ten times in a row and let it ride. I lost money in both SKF and SRS because I didn't pay attention to the DAILY aspect. I hope that all these ultras go to zero soon, they are a danger to the average investor
Yes I have a question, what does the activity on the chart mean? I haven't a clue how to read what is so obvious to everyone else it seems.
One question:
When do we buy? I think it's looking like it's about time to pull the trigger, especially since I sold all my long stock positions and am now full in cash again.
The stress test worst case scenario wasn't tough enough. Unemployment is 8.9% now, will be above 10% by year end. Maybe I'm wrong. But any stumble or black swan with financials will tank the market and SKF will shoot up.
Looks like a time to buy, for me.
-Mike
will shill for coin said...
So I'm going into the Wichita court building today to figure out how to sue Delta airlines for majorly screwing me over then making me re-purchase my return flight, and a guy approaches me.
He says he just got out of jail and needs to get $13.50 to take the bus back to his town. I could tell he was speaking the truth from his eye contact.
So I give him $20. He said he'd been asking for a long time to receive almost nothing. He thanked me a great deal.
So when is the last time you did something like that Bukko? Oh he was black by the way.
And I feel like I got more sense of good feeling for that 20 dollars than if I spent it on the usual stuff. That's just me. I'm kinda weird.
- a republican.
When was the last time you did a good deed and didn't boast about it or tell anyone?
And by the way...Kansas sucks.
Blame it on the e-e-e-e-e-comony!
http://www.youtube.com/watch?v=1D8lj3dg5-o
"I am writing to ask if there are any survivors left. If so, did the flu just kill everyone or are there now flesh eating zombies to contend with? Do the zombies spread the sheeple flu, or do they just eat your brains? Thanks in advance for the info".
Unfortunately I failed to heed the warnings of the MSM and S&A and now find myself in a precarius situation. All of my party are dead. I am holed up in a shopping mall with guns and ammo, fighting off what seems to be walking dead people. The mall is completely surrounded, the entire city is infected. Fortunately I have a helicopter on the roof for my escape. This might be my final entry, I see a gang of bikers approaching.
If only I had listened!
If only I had prepared!
These short funds are extremely volatile both up and down. How else do quant funds make money?
And, IMO they are traded mostly by quant funds (computer models) which don't trade on fundamentals but on patterns and trends.
You can be sure SKF and SRS will be back.
Hedge funds don't make money investing and holding.
My prediction is 2 more weeks of the stress test kabuki dance and then reality hits.
And the problem won't be inflation it will be interest rates trending higher and higher like a water torture as investors sell out of equities and real estate.
I am an investor and I would not buy a financial stock or a reit. Financial stocks are going to get killed because of the dead loans.
Imagine investing in a reit as commercial real estate values are tanking, rents are declining, rent delinquencies are rising, leases are being renegotiated down and massive amounts of debt is coming due. And reits are giving diluted stock instead of cash. So your asset is declining and your investment is being diluted. Not my kind of investment.
Higher interest rates hurt real estate, consumers and thus profits.
The fed will continue the QE but this is just a circle jerk and the bottom line is the fed is issuing way more treasuries than they are buying. So good luck with that one Helicopter. Your just making it worse.
Good luck to all. Stay out of debt (you can't afford) and protect your cash.
SKF, SRS, FAZ, TZA, BGZ all go down together and all go up together.
Too much money is in too few hands and these people are dumb as dirt bottom fishing financials to infinity pulling up the rest of the market with them.
There's an incredibly massive bubble forming if you look at the number of 2x and 3x bull shares.
The sucker's rally could easily last until full year earnings are reported next January so there's really no way to invest besides going bullish with a 5% stop and hoping it doesn't hit during the volatility and hoping you can cash out near the peak wherever that may be.
Try not to get stuck with a $15 dollar insolvent bank stock paying out a penny dividend.
Heya will shill! Thanks for thinking of me.
If I get you correctly, what you're asking is "When was the last time you got conned out of a sawbuck by some grifter with a sob story, Bukko?"
The answer is 1996, and the amount was $1,000, to a married chick who was 10 years younger than me, who I was fucking. She swore that she was separated from her abusive cop husband, and needed the money for her sick kid. The kid really was sick, and we had to get up from where we were busy on the living room rug on our last romp together so she could take him to the hospital due to respiratory distress. (FWIW, I was not married at the time. I did not cheat on either Mrs. Bukko.)
The thing is, will shill, I knew it was a con. But I didn't care, because I had recently inherited around $250K in cash and stocks from a rich relative. I could afford it, and I didn't mind sharing, because she was a very enthusiastic lay. (Care to guess what colour she was?)
But since then, I've resisted grifters. My wife and I give to charity, I occasionally fork over $5 for a copy of "The Big Issue" (a magazine that street people sell here to get pocket money) and I even send cash to my favourite bloggers. But it pisses me off when someone feeds me a bullshit story to get my money. I don't like it when people think I'm stupid.
You do realise that YOU were conned, right? Grifters are great at looking people in the eye and appearing sincere. It's their talent. Bernie Madoff was billion-dollar believable. Your con man was a $13.50 version of Bernie.
But I applaud your willingness to hand $20 to someone with a smooth line. You want to have some fun the next time? Do what I do when people ask me for $4.50 because "my car ran out of gas and I need that to get me home."
Tell them "Let's go over to your car. You got a petrol can in your boot? I'll walk over to the filling station with you and we can pump some from the bowser." Use those English-variant words. Tell them you're from Canada. They won't know. Or offer to escort the guy to the bus station. You'll buy his ticket right there.
The fun begins when they start squirming, because they're lying their arses off. Both times I've done this -- one guy was white, one was black -- you guess what country each was in -- they got aggro and accused me of presuming they were lying. I gave them good eye contact and said "Of course I believe you. And I want to help. Let's go to your car." But I'm not a good con man. They knew I was bullshitting THEM, so they stomped off. You see, will shill, grifters aren't usually assaulters, especialy when they're know they're dealing with a strong personality.
You're macho enough to look a grifter in the eye and call his bluff, aren't you will shill? You're not the kind of person who could be played for a fool, eh? I suggest you try my way next time. You'll get a good yarn out of it, and save yourself $20.
I haven't traded SKF since it was swinging back and forth in the triple digits. I bought at just over $40/share the day of the "stress test" results, thinking people would see the truth - that the banks were in deep shit. Lol, what a fool I am. Whatever, I can afford to lose it all, if SKF goes to zero, but guess what...it won't. This bitch will turn around again. I just didn't time it right. I'll hold it and catch a double is my guess - if not, no big deal. Just casino money anyway.
Oh, yeah - Will Shill - you got conned. No hard feelings, it happens to everybody at least once.
mmm, skf looking pretty tasty right now.
Thanks keefer.
-Mike
Keefer,
Just put my money where my mouth is... purchased 2000 shares of SKF at $41.25... let's see what happens.
If the banks keep roaring and SKF goes down to $20 you all can have a big laugh on me.
If SKF roars I will update accordingly.
-Mike
So far SKF is $49 and counting. Question is when to pull the trigger.
Gotta love the false rallies followed by the pull back.
-Mike
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