Stock “Promotion” Goes Mainstream
This website is advertising on The Howard Stern Show. This has to be a sign of a top, right?
A Debt Crisis Can Get Exciting
In 1840, the state of Mississippi defaulted, and there was talk of the traditional solution being applied: invasion by creditor nations. In the event that the British invaded, John Quincy Adams proposed to Congress that Mississippi be cut loose from the nation:
“In the event of such a war, the State involving herself therein will cease thereby to be a State of this Union, and will have no right to aid in her defense from the United States, or any one of them.”
This is a fascinating tidbit of American history – especially now that so many sovereign entities around the world are getting themselves into debt trouble: Japan, the UK, the USA, California, etc. Long, detailed, historical article on the Mississippi incident here.
If you feel froggy…
…then jump, but this girl will crush you like a bug – even if you’re able to concentrate on the game. Her ICC rating is 2765.
Fabulous Recovery
The middle class has turned to shoplifting.
Cut my losses on the gold short ETF (gearing was all wrong). Not trading with intellect here . . .
I WANT to buy INITIAL long near 10360 to neutralize my position
MERIDEATH coming up on CNBC…..she may help this wave down gather momentumn
Phil, did she get a makeover?
BOUGHT a small amount of DDM to partially neutralize my shorts
WE may have only seen the top of 3 not 5
Meredith Whitney: “I haven’t been this bearish in a year: Look for Double-Dip recession next year.” (Source: CNBC-RT iPhone Alert.)
I don’t have a link but will try to get one.
Meredeath hath thou killed wave 5??
1106 the new 1086?
mitch…dont know
Meredith Whitney on CNBC said biggest banks should be trading at Tangible Book Value e.g. BAC share price $15.77, TBV/share ~$9.; JPM share price $42.90, TBV/share ~$20.
Next up: Dick Bove of Rochdale Securities?
Same as Friday’s close.
http://www.youtube.com/watch?v=NHuGG_FsC20
In case some of you have lost your swagga.
Abercrombie marketing at it’s finest.
Thanks for the heads up phil. An thinking of a jan 2010 uup call. They are low volume so I might stay away
That would be fun – after a gap down…
http://lh3.ggpht.com/_APmrYvpA45s/SwHITOaFgFI/AAAAAAAAFcI/caOuaL0JGa0/s1600-h/SPX1min%5B2%5D.png
The Job Market’s So Bad, People Are Begging For Jury Duty
“People are calling up, saying, ‘Look, I lost my job; now would be a good time for me to serve,’ ” said Vincent Homenick, chief clerk of the jury division for Manhattan. “Not that $40 will pay the bills, but it’s something.”
Charles Schwab now offers free trading for its ETFs, provided investors trade them through a Schwab account.
http://www.businessinsider.com/schwab-rolls-out-day-trader-dream-etfs-2009-11
Phil, GLD puts, yeah, that could be problematic if something happens.
puts on GLD, hmm, does anyone think gold will go back under 1000 now ? if the answer is very few think so, then maybe a few (more) GLD puts have merit…
SDS, underwater here from 37.34, trying something new, if it is down 3 % or more for 5 consecutive days, i’ll bail.
today was day 1 to meet that criterion…
nas short, maybe i shoulda went for it mid morning…hmm, will be thinking on this regularly,one pt in favour is that VXX and VIX aren’t at lows…would keep on tight leash if/when i go for it…
New Flu Strain Is Worse Than Swine Flu, And Affecting Millions Across Europe
http://www.businessinsider.com/bubonic-plague-20-could-spread-across-europe-2009-11
I kicked some economic butt at the presentation today while at the same time he agreed with me that having just 4% cash isn’t good. Lastly he said our presentation was weak and unorganized (go figurre
)
Anyways good luck tomorrow make some money.
I will see if I get into the MBA course that was offered.
See George? School is still first then comes retirement
Night
K,
I see… school first and it’s good to begin thinking about retirement. Never too early.