Randi Rhodes radio show

Geez, I have listened her radio show almost everyday in 05, 06 and part of 07. Agreed with her wholeheartedly. Now I found her simply a party hack. Sad shit.

Come on stop bitching about Palin, Alberto. Do you fucking know they are history already? You bitched about bush every freaking day about lying and broke this law and that law. How about now?

Randi you don't know how economy works. stop pretending. I am so sorry to say that you will lose all the credibility you have built in the past many years.

Smooth transition

Does people still remember that some people worried about the transition from bush to obama might not be smooth?

To everyone's surprise, it went smoothly. As a matter of fact, too smooth to believe. Why?

Got banned from Mike Malloy's MB

http://mikemalloy.com/board/viewtopic.php?t=63814&postdays=0&postorder=asc&start=0
http://mikemalloy.com/board/viewtopic.php?t=63812&postdays=0&postorder=asc&start=20
http://mikemalloy.com/board/viewtopic.php?t=63796&postdays=0&postorder=asc&start=0

Here is the list of my post.
http://mikemalloy.com/board/search.php?mode=results

Gee, what a bunch of idiots. I am glad that I don't have to waste my time to educate them anymore.

I am surprised how many bitched about my posts. I have posted a lot of news piece and thoughts about what is really going on. They summarized my posts as: 90% of it's bitching. and Every post is the same. Yet after I ask them repeatedly to quote my post and prove it. None of them can. That does not surprise me. Cause all idiots can do are simply make accusation and never be able to prove it. That is very typical for dumbass.

I knew I could get banned. Played nice with them though. One poster called me ranting idiots, racist but she got away with it. And I did not. Before I left I told them that the health care system won't be this great forever, don't ever think they have job security because they are working in that sector. And I told them the people in their retirement or will be in their retirement better know what is really going on and do something to protect the nest egg. I told them Obama might not last 4 years. People might ran him out before he finish his term for lying. None of them liked it. That is the reason they ran me out. That is fine with me. I told those fools man times before "time is my friend". Because I know time will prove that I am right.

The reality will teach them a real hard lesson. I am pretty sure it. They had time to be prepared. And I was willing to help them if they have any questions about what is going on in the financial world. But they simply dumb and stupid enough to reject everything I said.

They hated me because I was a messenger, I gave them the message they don't want to hear. They are a bunch most selfish and ungrateful idiots.
Acebass drove me out two mbs already. Because I was telling them obama is lying. I was a hardcore Democrats, I told them that they are not democratic enough. Cause all they got nothing of what they really wanted. Yet they dare to call me a republican. Fuck the parties. They are all stupid. DavidNM is such a selfish bastard. Wife works in health care sector and want everyone to pay more tax to support his fucking life style. He will get nothing. I am telling you now. So is acebass, both will lose their living in that sector. Oh yea and david, truthie will lose their retirement money as well. Either pension or 401k and don't forget their Social security. All that will be worthless. Look it is not that I am bitter about what they said about me. It is simply the message I was trying to get to them at the very beginning. I simply trying to wake up few sheeples. As a matter of fact I enjoy to be banned. Because I tell what it is and what it might be. Time will prove if I am right or wrong.


And I will come back revisit this later. One day I will give em a a fucking big bird. and a, OH,Yea, Mliu TOLD YOU SO!

P.S. Those idiots think write to BHO will change anything. That is the most stupid thing. Have them see enough that they don't give a damn? Have them been food enough? I guess not. stupid do what stupid does. like acebass said. Only that she does not know she is one who totally has no clue. Let mother nature teach her the lesson.

BTW, last time I was banned from RRMB, it went belly up short after. hmmm... Tom you are an idiot. You probably laughed my: this time the end is really near. And you will see what I mean one day.

California pension should be paid in IOU

Since they are not working and they are the part of reason why we are at here.

Why we pay some of the retirees half a million for doing nothing. Give em IOUs and they can wait.

Unemployeement Pictures

What will the new number going to show us this summer. Will it take a huge jump? It should, unless the government want to lie about unemployment numbers. Which will not surprise me at all at this point.

They might not count those who will graduate this summer. If our government take the right and correct way to calculate the real unemployment numbers. It should have a big spike. 80% to 95% of the student out of school and joining the labor force this summer will find nothing is out there for them to take. At least 50% of Retirees should find them can not afford it after the tankage in the stock market.

Many small business owner find their income are as little as 10% of what they made last year. And small business still is a big part of the economy. The line of credit disappeared or disappearing. It means no money to hire or even keep the people they have. I already found the price of the food are going higher and higher. The shops are raising price to compensate the revenue loss. How long can this last? I don't know. But it will be good at the end.

spx 888

I call this "mliu top"

Insanity and stupidity reached absolutely high. Are people in US still thinking?
We rallied on the news that GDP shrinked the most in 50 years. Now we rallying 30 minute before Obama announce Chrysler go into chapter 11. We rallied weeks after weeks of 600k people losing jobs. And we focused on corps beat the earnings by cost cutting even though the revenue were way down.

It is not cost cutting, it is lay offs. Too much lies, too much idiocrcy. It is not going to end well.

The Chrysler Bankruptcy will be way worse than LEH bankruptcy. Why, cause this one is not just the number in the banks going down. This will bring immediate change in at least 1 million people's everyday life. GM and Chrysler shared many suppliers. This bk might bring many to their knees. Pray to God that I am wrong.

Obama can shed out trillions to save the banks with no strings attached. Even the banksters are paying them big bonus and salarys. But they simply don't want to do much for auto industry. He served well to those financed him.

Lies can never be Priced in

expected 660,000 range 525,000 to 750,000
Unemployment rate - 8.5% Expected 8.5%

January revision was significant 741,000

How can government data missed by 100k in job loss in a month?? Apparently, this government will not cease to play games on these numbers. China is doing and was doing this for many many years. They are getting better when they are lying less. There is no doubt in my mind, when government lying about the numbers can't be good for whatever reason.

The reason for lying is to cover, when people can't find the truth, it will only make matters worse.

Stock market can price in the numbers by expection, but it can never priced in the lies.

A lesson for Humanity

Never trust a currency from another country.

China, Japan and Arabs will learn this lesson a hard way.

Lies, and more Lies. It is all good when it keep going higher

http://www.marketwatch.com/news/story/US-Feb-new-home-sales/story.aspx?guid=%7B2F39408B%2D245A%2D4FBE%2D9CC2%2DEEACEA8B9116%7D


U.S. Feb new home sales up 4.7% to 337,000 pace
By Greg Robb
Last update: 10:00 a.m. EDT March 25, 2009
Comments: 9
WASHINGTON (MarketWatch) - U.S. new home sales rose 4.7% in February, the first increase since last July, the Commerce Department estimated Wednesday. The increase in new-home sales to a seasonally adjusted annual rate of 337,000 was well above the 323,000 pace expected by economists surveyed by MarketWatch. New-home sales in January were revised to a 322,000 level compared with the previous estimate of 309,000. New-home sales are still down 41.1% compared with a year ago. The months' supply of homes on the market fell slightly to 12.2 months in February from 12.9 months in January. This is still well above the 9.7 month supply in February 2008. Median sales prices have fallen 18.1% in the past year to $200,900.


Here is the chart from:

http://www.calculatedriskblog.com/2009/03/new-home-sales-just-above-record-low.html

Click on this to see larger version.
This told the true story.

Don't fight the Fed!

Oh boy we hear this again.

How are those peole who keep saying this doing in the past couple of years?

Here is how they did!

Put to Call ratio

The ratio since September:





Intraday ratio:




It has been like this for the past few days.


My take on this is that Pigs is going to get slaughtered AGAIN.


Why do I think so?


1. People are rushing to follow the trend. So market going down, they buy puts. Market gooing up they buy calls. And most of the time they are wrong.


2. PC ratio has consistenly showed that when the ratio reached certain level, it always reverse its direction. When that happens, the market will reverse its direction as well.



Just look at this:






One year chart. I have a lot of thoughts on this, I need more times to finish it. But by just look at this chart. I am pretty convinced that the next opex day, Pigs will get slaughtered.



I can't stop working on this. Here is my thought for the 3 month chart.



Disclaimer: I am a newbie playing the chart. So don't consider this is in any shape or form telling people what is going to happen.

It has 0% investment value. But it intended to has 100% entertainment value.

















Got to go, will come back on this later.

Rally time again?

Wow, Ben said the recession will be over at the end of the year. Oh really, How many times we have heard him said we will be alright 6 month later? From 07 to 09?

Citi said they are making profits in Jan and Feb. So why people still giving these idiots and liar any cred? For God's sake, Citit is at 1 buck. If Citi is so profitable, should it be at 10 now at least?

Too make money in this market, the key is not be believe bullshit.

Again, in bear market, keep looking for better entry to short. And never go long.

The market is on drug. It is all good when it is high.

But when it start to wear off, it will feel like shit real fast.


I am keep saying don't go long in bear market. Only look to unload and reload Short positions. Cause if it goes against you. you are not going to panic. But if you are wrong going long, it will kill you if you don't act fast enough. But, if do you act fast enough it will whipsaw you to death

Obama: We are not quitters!

He is actaully telling people that he will not stop keep giving banks, GM, AIG money.

Tim Made it abundantly clear that they will "keep at it" until the economy recovers.


[b]A sign of insanity is to keep doing the same thing and expect a different outcome[/b]

Yes, IMHO, they are insane. Find a cover and duck. This will not end well.

I love Buffett!

Oh, not chinese buffett.

Remember a year ago, every troubled company will rally when there is a rumore that Buffet will buy. Buffet will Lennar, Buffett will buy MBI, Buffett will buy......

Remember this:
http://www.msnbc.msn.com/id/27235731/

Buffett: Time is right to jump back into stocks'Be greedy when others are fearful,' legendary investor advises in articlemsnbc.com news servicesupdated 11:18 a.m. PT, Fri., Oct. 17, 2008NEW YORK - Warren Buffett has been moving his personal investments from safe Treasury securities into U.S. stocks, according to an opinion piece he wrote in Friday’s New York Times.
If prices continue to look attractive, the legendary investor says he expects his personal account to be 100 percent invested in U.S. equities, the legendary investor wrote in the article.
The piece, titled “Buy American. I am,” reiterated one of the legendary investor’s favorite maxims: "Be fearful when others are greedy, and be greedy when others are fearful."“Most certainly, fear is now widespread, gripping even seasoned investors,” said the so-called Oracle of Omaha.
“To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions,” Buffett said. “But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.”
Not everyone was immediately convinced that Buffett's strategy is for them.
“His position is probably the opposite of what someone close to his age should be doing: keep more of their money in Treasuries,” said Charles Geisst, a finance professor at Manhattan College and the author of “Wall Street: A History.”
“I understand the sentiment, but this situation is unlike anything we’ve seen since 1932,” he added. “In downturns such as 1987 and early this decade, we never had a real clear view of what caused markets to go down. In this case, we have much too clear a view. This is the first time we’ve seen systemic problems affect the markets since the Great Depression.”
Since stocks began to tumble in September, Buffett and his investment company, Berkshire Hathaway Inc., have made large bets on U.S. companies, exacting rich dividend payments in the process.
Berkshire Hathaway agreed on Oct. 1 to invest $3 billion in General Electric Co.’s preferred shares, which carry a hefty 10 percent dividend. In late September, Berkshire Hathaway also bought $5 billion in preferred shares of Goldman Sachs Group Inc., which also pay a 10 percent dividend. He bought warrants to purchase another $5 billion in common shares at about $115 each.
In the New York Times article, Buffett stressed he was discussing his personal investments outside of his Berkshire Hathaway holdings, which are pledged to charity. In 2006 Buffett pledged most of his fortune to the Bill and Melinda Gates Foundation and four Buffett family foundations.
Despite annual donations to the foundations in fulfillment of the pledge, Buffett is ranked as the nation's richest individual with a net worth of $58 billion, according to a recent calculation by Forbes magazine. Because of recent market turmoil he has surpassed his friend and Microsoft co-founder Bill Gates, according to the Forbes calculation.
(Msnbc.com is a joint venture of Microsoft and GE's NBC Universal unit.)
“Let me be clear on one point: I can’t predict the short-term movements of the stock market,” he wrote. “I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.”
Buffett said buying stocks now is better than trying to time markets and guess when a turnaround will happen.
Referring to arguably the greatest hockey player ever, he wrote: “In waiting for the comfort of good news, they are ignoring Wayne Gretzky’s advice: ’I skate to where the puck is going to be, not to where it has been.”’


Now we have this:

http://www.fool.com/investing/value/2009/02/18/is-buffett-selling-america.aspx[quote]

Is Buffett Selling America?By Morgan Housel February 18, 2009
Buy Now "Buy American. I am."
That was the title of Warren Buffett's Oct. 16 New York Times op-ed, which described why he and his personal loot were diving headfirst into American stocks. "If prices keep looking attractive," Buffett said, "my non-Berkshire net worth will soon be 100 percent in United States equities."
So Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) drew a few puzzled stares when it reported its quarterly 13-F filing yesterday, disclosing that its biggest common-stock moves in the past quarter revolved around selling American equities.
Berkshire slashed its positions in Procter & Gamble (NYSE: PG), Johnson & Johnson (NYSE: JNJ), ConocoPhillips (NYSE: COP), US Bancorp (NYSE: USB), UnitedHealth (NYSE: UNH), and a handful of others. There were some big purchases -- including nearly 20 million shares of Constellation Energy -- but the widespread selling during a quarter when stocks traded at their lowest levels in years left some questioning whether Buffett was writing positively with one hand while quietly selling with the other.
Not exactly At first glace, the puzzlement seems valid, but let's remember a few important details:
Just because Buffett's selling doesn't mean he's necessarily bearish. It simply means he's found better use of the capital elsewhere. Where might he have found better use of the capital? In the credit market, where he spent billions of dollars scooping up debt in iconic American companies. Those deals -- such as Berkshire's recent debt purchases in Tiffany and Harley-Davidson -- are often offered only to high-profile investors like Buffett. One deal last fall, to purchase Goldman Sachs (NYSE: GS) preferred stock yielding 10% with warrants, was money the bank probably didn't even need. It was more or less a Goldman Sachs advertisement to the market: "Hey, look at us, Berkshire thinks we're legitimate, and you should, too." Buffett has power that individual investors don't, even beyond his bank account.
Just because Berkshire's been selling the common shares that average Joes consider the backbone of the market doesn't mean that Buffett isn't putting his money where his mouth is. Most of the debt deals he's scored in recent months come with double-digit yields and significant equity upsides -- far better returns than he could hope to receive holding common stocks.

So for people like Doug Kass: Don't make an idiot of yourself. Everything you said will be hold accountable.

Whoever watched you and loss their ass will hate you forever.

IMPEACH OBAMA!

He has no right to force me to pay for my next door neighbor's marble counter top and new car.


My next door neighbor bought his house the same time I bought mine. In the same 8 years. I was working my tail off to pay off my house. While my next door neighbor refied and remodeled his kitchen with marble counter top and bought brand new Car and RV. He paid 200k+ in 1999 and now his loan is about 450k. And also I have two Classmates who bought the first house at the same time when I bought mine. two years ago, both of them bought their second house(McMansions). So if they can't pay for it. I will pitch in too? Just because I am responsible, I will be penalized?


Now, I have to pay for them???? Fuck you!!! And fuck them!!! And fuck this fucking freemarket.

We are driving on an empty tank from the get go.

http://www.startribune.com/business/38816687.html?elr=KArks:DCiU1OiP:DiiUiD3aPc:_Yyc:aUU

493 x 4 = 1,972 billion.

Can someone find out how much is our budget for 2009?
2009 United States federal budget - $3.10 trillion (submitted 2008 by President Bush)
2008 United States federal budget - $2.90 trillion (submitted 2007 by President Bush)
2007 United States federal budget - $2.77 trillion (submitted 2006 by President Bush)

before you know it we could ended up borrowing 3 or 4 trillions this year.


Remember this?

http://dow5k.blogspot.com/2009/01/will-government-gurantee-bleed-us-govt.html

I don't want to wake up

From the American dream.

Dream on, baby!

Why Deflation is impossible?

Baby Boomers

If we will have a deflation in the next 10 years. It will mean all baby boomers will be able to sit on their fat butt and enjoy the sun in Florida. Because the Social security check will be way enough with the deflation, Right? hahaha

It is not going to happen. Say whatever you want. It is not going to happen. BB will cost more on medicare and Medicaid. And there are no money for that. If we default on government debt, it will only make things worse and that will make government so much harder to get money. What will they do? Printing!!!
So either we print our way to abyss or we go to abyss through deflation first then print our way to abyss at the end. Either way, it will not end well.

The comming massive Energy surplus

Why we need more energy? We don't have shortage of energy. And we are going to use a whole lot less. Wake up Obama, stop wasting money.


If you can turn Bullshit into energy. CNBS have enough to power USA for the next 25 years.

spx 900 history?

Continuation triangle. We may not see 900 again. Kind of shocking. hehehe who knows. But I want to call it first.

OK, we are talking about 2,3 trillion dollars now

Let me tell you again even 2,3 trillions will not be enough. Mark my words.

Are we really that stupid?

Tim Geithner you sure it will work? For a J6P like me doubt it. And this j6p think it won't work.


Too much looting going on.


Ken Lewis buying BAC shares. hmm. LOL Fed pump isn't there. And no more rate cut. People tired of govt bailout. Not much option. Saddly bulls fall for it again!!!

I think Republicans won again.

http://www.youtube.com/watch?v=KOMR3PEavwo&NR=1

Clueless Big O

Obama advisers: Plan would create up to 4.1M jobs

http://news.yahoo.com/s/ap/20090110/ap_on_bi_ge/obama_economy

Come on, don't make a big fool of yourself.

Before you even take over the office. You already showed enough that you have no clue. From create 2.5 million jobs to 3 million jobs and now 4.1 million jobs in how long? Do you even know how many jobs we do need? I am sure you don't. If you have no idea what you got into, I suggest you stop talking and sit down think this through first. You want this job, and you better start to learn how to do it right. I will laugh my butt off if 3 month later you come out and tell me that we need 7 million jobs.

Even a dumbass like me know this is going to be tough. And yet all you did were talk and ask for more money to stimulate the economy. I can tell you know the "shovel ready" projects are money burning. To build roads and bridge won't help this country in the long term. Simply put, it won't work. Stop wasting the money. Spend more is the last thing this country need.

Sadly, we are losing job faster than Obama can create job orally. Stop pretending! Face the real challenge. Talk is cheap.

How much will 800 Billion dollars cover.

Lets see.

FHLB, FDIC, SIPC, PBGC. All on the brink of bankruptcy.
And don't forget the States. How much will it cost to bail them out?

We will find out soon.

So are we going to use 800 billions to build the roads or use to bail them out?
Or just run the printing press?

What does "It is already priced in" really mean?

I am pretty sure it does not mean we should go higher now. At best it should mean, let's hold at here and see what will happen.

It really does not mean go up 20% if everything already priced in. Cause there will be a whole lot more comming that the market will have to reprice.

It is so 2008!

People are still saying: It is the housing gets us here, and it will be housing to get us out?

Or really? Do they mean that many retailers shuting down does not count? and millions of those people losing jobs does not count?

BTW, how can the housing gets us out again?

How about -1% interest on mortgage loan? Yea, making money on mortgage.
Maybe we can start with 0 down and 0% interest for 15 years. Trust me, I will go out buy 10 houses, if that will happen.

Will Government "Gurantee" bleed US govt to death

Paulson said it is problematic. Oh, is it?

Wonder what will Obama see when he open that treasury chest.

I am sure it is not gold inside of it.