Tuesday, April 20, 2010

HOUSTON WE HAVE PROBLEM...AGAIN update I

Some nice comments last night (see previous post) that deserve some expansion. Currently the market is still chugging along quite nicely with all systems go. At least that is what appears to be on the surface the case. But the ponzimeisters are having a major headache right now with our little Icelandic volcanoe indigestion problem.

Media reports initially were full of impending doom for the economy, air travel, health. But it looks as that has shiften now to a "more optimistic tone" even though the monster belched a few more million tons of pollutants into the air last night that would exacerbate the air travel problems for at least a few more days. But of course headlines today were .......more optimistic.

Maybe that is the case and the possibility of nature cleaning the ponzi house out is going to have to rely on another solution. However I wouldn't be too quick to dismiss this bad boy.

So that takes me to the gist of some of the comments. It does look like we could run into a similar period when we were facing the dreaded "Swine flu". Nature makes ponzis nervous. Its not as predictable. They kept the market ramped right through any bad H1N1 news that came out. So be aware that if this volcanoe continues to exert a blanket of garbage over Europe at the same level it is now then they will continue to ramp. Simplistic.....maybe....but the public's CONfidence is absolutely the entire game here, so beaware. gl gang ..... "Behold...this is not just finest engineering feat...it is art" -inventor of the edsel

http://news.goldseek.com/GoldSeek/1271709085.php

funny temo...doesn't he know that this is not PC...

http://temo1051.blogspot.com/2010/04/youtube-breaking-danny-confirms-ppt.html

15 comments:

  1. Goldman earnings today or spoils of war on the American people? Seems to me it's us against them, and we ain't a winnin'. You decide...TXB

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  2. I think the quote by walt kelly applies to this quite well in a number of respects..."we have met the enemy and he is us"

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  3. KLI: is this a good time to be shorting GS? I've got some free cash.

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  4. your nuts....hehhehe. Chanos was on Fox and asked the same question. Now maybe Joe might but my guess is he would say runnnnnnnnnn.

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  5. BTW Chanos crapped himself when gasparino asked him

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  6. OK, KLI I'm going to short GS tomorrow morning. It's my duty as an American.

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  7. Jay you are on a suicide run
    HARI KARI......gl...dont forget you shot of saki

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  8. Joe, did CNAM turn or is today just a headfake?

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  9. Joe, never mind, I just looked at the chart. That wastn't a turn, that was a fu(*&in complete ambush.

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  10. correctamundo CBS......shorts caught in killing zone

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  11. Jay I wouldnt short GS. rumor has it they have Elliott Spitzer on retainer. hehehehe

    Did you hear the GS lawyer on the conference call? see no evil, hear no evil, speak no evil all rolled into one.

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  12. If what we are seeing is all true about GS, there's actually a chance that they collapse at some point. The IBs cannot survive if their clients pull their money so if that begins to happen, as it did to LEH, and they become inundated with lawsuits, all while the current administration hammers them, they can go bye bye.

    It's not as far fetched as it may appear but if they truly have govt support, then they're not going anywhere regardless of the other factors.

    -C

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  13. I only heard stuttering and stammering......hehe. It had to be vethy uncomfortable...

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  14. http://wallstreetpit.com/23957-jim-chanos-says-lehman-committed-financial-fraud

    Chanos says "we don't short anyone we do business with"...meaning GS...I'm wondering, will the govie make an example of them? We all know Americans are pissed and the Dems have elections coming up...will they continue to hammer GS...I think so...makes for good press. Good against evil...:) TXB

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  15. CNAM 10 million private placement - thoughts anyone? bad dilution or not?
    bcbk

    http://finance.yahoo.com/news/China-Armco-Metals-Inc-iw-82276385.html?x=0&.v=1

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