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Posted 07 November 2009 - 04:35 PM
Sheesh, Mish has some stuff on Aaron Krowne. Seems he has had to defend his Mortgage Lender Implodometer all the way to the New Hampshire Supreme Court. Ouch.
I wonder if MLI is incorporated in some way?
Here by the way is how our jurisprudence works. Corporation vs individual. Corporation almost always wins one way or another. Bigger corporation usually wins against smaller corporation. State vs individual not part of a corporation, state usually wins. Corporation vs state, corporation often wins, if it gets to trial, or on appeal
For all practical purposes corporations rights are superior to individual rights because among other things since the overarching reason for the existence of corporations is to limit liability and the ephemeral nature of what a corporation is makes it very difficult to apportion guilt or blame to a corporation and/or those working for it. I've always been puzzled by the fact that the world of capital forever throws around the term moral hazard while the modern business corporation is founded upon moral hazard.
War is the last great hope of the incompetent to order the unwilling to attempt the impossible.
Posted 07 November 2009 - 05:03 PM
It didn't help the bears back in July when it was pushed into formation. I wouldn't put a horizontal line on it, but see that the formation completes in proper time. In this case, it would need to complete by the end of the month or roughly 20 days for the right shoulder.
Cycles + Wyckoff + NTM = TechnoPile
A true Master averts disaster
Posted 07 November 2009 - 08:33 PM
This lawsuit has put Aaron in a real jam. He has stuck to his principals. Aaron is of course a partner with me in Radio Free Wall Street, but he's been so busy fighting all this legal crap he has not been able to participate lately. He has principles and guts. My hat is off to him.
His business is a corporation. A big lawsuit can put a small corporation out of business.
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Posted 07 November 2009 - 11:12 PM
16.3% unemployment brought this to mind
“THE RISING TIDE LIFTS ALL SHIPS, but the galley slaves aren’t feeling it. They’re rowing harder than ever to make up for their colleagues who have been thrown overboard (getting rid of that extra weight improves the vessel’s efficiency)." Randall Forsyth sitting in for Alan Abelson http://www.ritholtz....ent-feeling-it/
Cycles + Wyckoff + NTM = TechnoPile
A true Master averts disaster
Posted 07 November 2009 - 11:37 PM
There are signs that this thing may be outta gas up here...
Here's 4 swing tick times frames, and they seem to be possibly lining up together nicely here... I especially like that the 2500 and 5000 tick 900s are in virtually the same spot right now.....it looks like potential magnet point.
If we do indeed get pulled to that magnet, here is a possible path.
Anything under 1050 ES now is likely to flip the market over...there may be quite a battle there...
The 20K slow MACD is primed to roll with the faster one show waning momo, but bears need to to take advantage of the setup.
Posted 07 November 2009 - 11:44 PM
PAY THE DIVIDEND IN TAX CREDITS
"Fannie Mae had agreed to sell roughly half of its $5.2 billion tax-credit portfolio and had received approval to proceed with the sale from its federal regulator, the Federal Housing Finance Agency.
Those credits are virtually worthless to Fannie because the company doesn't have any taxable income to offset, and it is forced to write down the value of those credits every quarter as their value declines."
Given Fanron has to pay the treasury a dividend on its loans - why not have the treasury recieve the dividend in the form of the unsold tax credits???
Posted 07 November 2009 - 11:51 PM
On the time based charts we hit the double time frame magnet point on the upside, with both the 2 hour and 4 hour 200 MAs in roughly the same location., which suggests that this may be significant resistance right here. A move back below the trend lines is likely to be met with more vigorous selling, and would open the door for a possible move towards the 4 hour 900....
Failure to hold price back, right in this area, on Monday could violate the whole bear setup.
Posted 08 November 2009 - 12:03 AM
A breach of the 750 tick, where the final stick save was made on Friday, could get the party started.....
Posted 08 November 2009 - 12:23 AM
Euro may give some clues Sunday night....lot of bearish upthrusts over 30 min line.
If they can start to pull away from the 1.4850 area downside, could get something started...may be a battle at 1.48 if she does start to slip...below 1.48 and the door to 1.45 opens....
Above 1.49, and bear bets may not turn out so well....
Posted 08 November 2009 - 01:59 AM
jickiss is back!
jickiss is back!
it seems like the Whole World is Balanced on the Edge of Something Ready to Finally Happen.
Buddha, any clues?????????
Meanwhile, if you thimk that Philly has No Passion, (especially if you though that the Phillies played like fillies in that last World Serious Game) then just click on the following Link, whist you await the Sunday Night Action in FOREX, GOLD and other items....nothing like watching the items, it seems, to add to the general state of Nervous Expectation
"Every Bubble ends in fear and panic. This one will too." --Machinehead, March 29, 2005
On September 06, 2006, TRE closed at $6.50.
On September 19, 2006, CDE closed at $46.30 (adjusted for reverse split).
On Oct. 17, '06, Goldman (GS) closed at $183.07 (jickiss Sell) whilst Newmont (NEM) closed at $43.24 (jickiss Buy).
"Politics in America has become a playground of fictions. The politicians tell the public what the public wants to hear. Whether the question is social security, education, budget deficits or national security, the public wants to believe that things aren�t so bad." --Written by J.R. Nyquist, December 8, 2006.
"Private sector employees will never retire, they will work literally to death, dying sick broke and busted with absolutely no hope whatsoever." -- Shorty, on March 15, 2009.
"Luck is the most precious commodity in the world." Brisbane Bear, October 25, 2007.
"Luck favors the prepared mind." Mr. James Dines, back in the 80s, in "The Dines Letter."
"With Luck, anything is Possible, but without Luck, virtually nothing Good ever happens." --- The jickiss Mantra, sad but True.
Posted 08 November 2009 - 02:55 AM
Yeh, really looks like somethings big is going to happen.
Posted 08 November 2009 - 04:01 AM
Rampant gaming of the system possible, and in my opinion very likely with the new system....as many of folks who cant afford health insurance now, will get little or no relief under the new system, and still wont be able to afford premiums. See page 4 of the CBO pdf link below for cost estimates...
I don't think the cash strapped folks at those income levels can afford those costs. At least not without putting a serious damper on other parts of the economy. They better hope they get a job with a behemoth corporation who will pay the freight. The rest of the folks are F**ked if they don't try to game the system. Even the penalty will sting for most of those folks. This a MASSIVE tax increase for healthy folks who choose, for whatever reason, to opt out right now. For example, for a person making $44K per year, the health premiums will be more than his income tax.
At issue are what insurance companies consider absurdly low penalties for people who choose not to buy health insurance.
Their concern: People will buy insurance only when they desperately need it, such as after they're diagnosed with cancer or heart disease.
Healthy people might choose to pay the penalty, now proposed at a few hundred dollars per year, because it is far less expensive than buying insurance.
Insurance companies, under that scenario, would end up spending more to treat patients than they would receive in premiums. Rates would rise even faster than they do now.
"People would come in, pay premiums for a few months while they were getting their cancer treatments," said John Martie, president and general manager of Anthem Blue Cross Blue Shield of Colorado. "If enough people did that, the whole system would collapse.
Posted 08 November 2009 - 04:40 AM
Buffet is gonna be killed by blogers. Good read.
Treasury DKs Goldman/Fannie/BRK Tax Credit Scam
Jail, not bail!
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