Dippers see blue skies ahead

[MrHanky]

Yet another V bottom,but some resistance above for the moment.

 

How many more suckers are left?

[MrHanky]

Everything painted barely green,another pretty day.

 

SPX up.05

 

Ooops,tanked for the final print,now only .02 ,Oh the humanity!

[MrHanky]

Still seeing tons of "funny business" for the final closing print.Seeing stocks go out down at the 4pm print,but prettied up for the "final" print 30 seconds after the bell by the MM's.Seems to be happening every day lately.

 

Yes,I still think EVERYTHING is 100% manipulated,because it is.

[DrStool]

 

Free Podcast- The Mess Mortgage Bankers Made is Criminal, Not Accidental

 

 

 

Direct link to podcast file http://radiofreewallstreet.fm/rf102610.mp3

 

[phatbubble]

Bought a wodge of IT positions in PM funds today. SGOL, SIVR, PHYS, GTU, etc.

 

Not dun yet.

[Jimi]

Free Podcast- The Mess Mortgage Bankers Made is Criminal, Not Accidental

 

 

 

Direct link to podcast file http://radiofreewallstreet.fm/rf102610.mp3

 

Baby Jeebuz.

 

I'm half way through this. It's tricky complicated stuff. But very important. This is such an outstanding discussion (assuming you both aren't totally full of it :LOL ), I'm going to have to listen to it at least one more time without distraction to make sure I understand it.

 

I understand the perspective that "possession is 9/10 of the law," but I don't believe for a moment that an enormous group of borrowers are suddenly going to enjoy clear title to the property they inhabit. First, there would be an uproar of monumental proportions from the rest of Americans (who I think are increasingly impatient with the growing awareness that deadbeat-neighbor has been living in his place without paying a monthly mortgage for over a year).

 

Second, the political class is owned by the banks - there will be blanket laws passed that secure the collateral for the banks from the borrowers, even if the paperwork has been systematically - and even intentionally - screwed up along the way.

[DrStool]

 

Baby Jeebuz.

 

I'm half way through this. It's tricky complicated stuff. But very important. This is such an outstanding discussion (assuming you both aren't totally full of it :LOL ), I'm going to have to listen to it at least one more time without distraction to make sure I understand it.

 

I understand the perspective that "possession is 9/10 of the law," but I don't believe for a moment that an enormous group of borrowers are suddenly going to enjoy clear title to the property they inhabit. First, there would be an uproar of monumental proportions from the rest of Americans (who I think are increasingly impatient with the growing awareness that deadbeat-neighbor has been living in his place without paying a monthly mortgage for over a year).

 

Second, the political class is owned by the banks - there will be blanket laws passed that secure the collateral for the banks from the borrowers, even if the paperwork has been systematically - and even intentionally - screwed up along the way.

 

I don't know about Aaron, but I'm definitely full of it.

[Bungster]

Another day of 2/1 up to down volume and I switch short term to boolish....right before Hollow-weine

 

[Trader Joe]

Free Podcast- The Mess Mortgage Bankers Made is Criminal, Not Accidental

Direct link to podcast file http://radiofreewallstreet.fm/rf102610.mp3

 

Good discussion

[Jimi]

I think someone posted this here already, but if not, it's a powerful rebuttal to arguments that monetary expansion is necessarily inflationary, and that QE2 will spur inflation. It's simply a little more complicated than that.

 

http://www.hussmanfunds.com/wmc/wmc101025.htm

[rdkyote]

lmao..we have a farking burrito bubble going...

 

Look at Chit Pole. And Pissant said yesterday BAC was being over discounted? What do they do, lace their tacos with weed?

 

i ate there once. never again. if you have ever lived in the southwest, texas, etc...or known anybody that knows how to make a burrito...those things aren't a f88cking burrito. can't believe people eat that crap. put some rice in a tortilla call it a burrito. how about rice wrap? that would be more accurate.

[DrStool]

Good discussion

 

OHMAGAWD! TJ gave somebody a compliment. Holy Shit! Is the sky falling?

[Ags Nightmare]

i ate there once. never again. if you have ever lived in the southwest, texas, etc...or known anybody that knows how to make a burrito...those things aren't a f88cking burrito. can't believe people eat that crap. put some rice in a tortilla call it a burrito. how about rice wrap? that would be more accurate.

 

Now I know why they trade like Auto Zone. It's the gas connection.

 

Auto Zone sells stuff for vehicles that runs on gas. Chit Pole makes stuff that goes into your body that gives you gas.

 

Two scams.

[Drano]

Now I know why they trade like Auto Zone. It's the gas connection.

 

Auto Zone sells stuff for vehicles that runs on gas. Chit Pole makes stuff that goes into your body that gives you gas.

 

Two scams.

AZO trades at a p/e of 15. Maybe a little high but not bad.

 

CMG trades at a p/e of 41. For a restaurant chain. To put in in perspective, MCD trades at a rather high (compared to its historical average) p/e of 17. YUM, with arguably better growth prospects than either Chit Pot or MCD (because of their popularity in China) trades at a p/e of 22.

 

I will be buying puts all the way up on CMG, even if it goes up another 100 points, because when it goes it's going to do a CROX.

[DrStool]

 

Calm BeFo the Storm