More On The Bailout; Just SAY NO TO BAILOUTS
September 30, 2008
More On The Bailout; Just SAY NO TO BAILOUTS
Obama was in Fannie’s Back Pocket
September 30, 2008
B. Hussein Obama was in the back pocket Fannie Mae and Freddie Mac. Taking bribes to keep quiet and let FNM and FRE continue with their fraud. Obama was #2 on the Fannie/Freddie “friends” list. Thank you B. Hussein Obama for causing this mess.
Veeeery nice [Borat voice]
September 30, 2008
I lost 15.26% overall in my portfolio today. That’s what you get for being overweight energy, and long on options. I’d like to thank all the Republicans today who nixed the bailout. Great job! Keep up the good work Brownie.
Am I selling now?… No.
Totally f*cked
September 30, 2008
Just got back from the dentist. How the hell did the Dow go from -300 to -700 pts?!!! WTF?!!!!!!!!! Here’s my account today. It’s like someone threw a wrecking ball into my portfolio. This sucks. F*CK!! I’m getting so despondent I feel like cashing out (probably a bad idea) or just walking away and checking back in in a month (a little bit better).
IVV
113.11
-8.25 (-6.80%)
13.77B
IWM
66.14
-4.49 (-6.36%)
10.09B
EFA
53.63
-6.12 (-10.24%)
10.72B
EEM
31.84
-3.95 (-11.04%)
17.43B
RWR
65.55
-2.97 (-4.33%)
1.38B
XTO
43.85
-5.55 (-11.23%)
24.03B
UNG
31.87
-2.15 (-6.32%)
1.11B
HTE
15.36
-2.25 (-12.78%)
2.35B
EXM
12.66
-3.73 (-22.76%)
546.92M
SCHN
38.58
-8.62 (-18.26%)
1.07B
STLD
16.18
-3.48 (-17.70%)
3.21B
BTU
41.08
-7.55 (-15.53%)
11.06B
PBR
39.59
-6.97 (-14.97%)
SCHN
September 30, 2008
I bought SCHN at $42.50. I’m not sure if you got the news, but steel is “so yesterday”.
Today’s market activity…
September 30, 2008
Developing…
Lesson
September 30, 2008
My poll showed 88% of us thought the market would open higher today. Shows you how much we know… We’re currently down -331 pts. I’m getting ass raped in EXM right now, wondering whether to hold or bail. I’m at -19%. Of course, 16% of that loss is from today. WTF. I think the lesson to be learned is to take profits, and take them early!!
Update: Fuck it! I bought EXM at $13.95 and $13.85. This probably isn’t rational.
CLF,UNG,DIA,BBY
September 30, 2008
CLF, is too low, so X is too
About 1.6 trillion left the market today. BUY UNG. UNG looks fairly safe at this pricing point 31ish
Go and gobble up some NAT gas Stocks, too!!
Will the Dow Get under 10,000?
September 30, 2008
Hawaii Votes Against the Bailout Bill
September 30, 2008
Reuters Business- Alcoa to slash jobs and sell 4 unitsNEW YORK (Reuters) - Alcoa Inc said on Tuesday it would slash more than 15,000 jobs, halve capital spending and sell four businesses as it reduces aluminum production in the face of the global economic downturn.
- Bank of America selling $2.8 billionHONG KONG (Reuters) - Top U.S. lender Bank of America , raising cash to weather a dismal market at home, is selling a $2.83 billion chunk of its holding in China Construction Bank at a 12 percent discount on Wednesday, according to a term sheet obtained by Reuters.
- U.S. budget deficit seen topping $1 trillion in 2009WASHINGTON (Reuters) - Politicians want American consumers to resume spending to pull the economy out of its tailspin, and the U.S. government is leading by example with a potential $1 trillion deficit in 2009 -- even before a massive stimulus plan.
- Alcoa to slash jobs and sell 4 units
- Market Watch
- Miners lead in Asia as metal prices jumpAsian shares were higher Wednesday after another gain on Wall Street, with mining stocks powering ahead on a recovery in prices for base metals and gold.
- Millionaires join the rest of us in feeling the economic heatAn overwhelming majority of Americans 45 years and older think the economy is in dire straits. That’s not limited to those who live paycheck to paycheck either. A record 80% of millionaires polled in another survey said this is the worst financial crisis they have ever experienced.
- Asia Markets: Mining, metal stocks rise, unmoved by Alcoa newsAsian metal and mining stocks such as Rio Tinto and Sumitomo Metal Mining Co. climbed Wednesday on an increase in nonferrous metal prices, disregarding Alcoa Inc.’s decision to slash jobs and curb output in response to the global economic downturn.
- After Hours: Alcoa shares slump in wake of cost-cutting plan; F5 surgesShares of Alcoa Inc. dropped Tuesday evening as the aluminum giant outlined aggressive cost-cutting plans that will include job losses for more than 13,000 workers, while F5 Networks Inc. shares got a lift following the company’s forecast.
- Latin American Markets: Brazilian investors eye rate cut; Wal-Mart de Mexico downgradedBrazilian stocks rose Tuesday, holding to higher ground as investors eyed the possibility of cut in interest rates following a report that the country’s industrial production dropped sharply in November.
- Miners lead in Asia as metal prices jump