I'm staying short and staying away from options. Any rally is a good opportunity to short more.
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Long: GLD
Voltron's economics blog. Started in Iraq in 2007 as the "Gamblers Anonymous Support Group" email list.
Disclaimer
This is not an offer to buy or sell securities in any jurisdiction. This blog is for informational purposes only. I do not give legal, tax or accounting advice of any kind. I am not a licensed financial advisor. I make no representations as to the suitability of any transaction at any time. In fact, you should ignore everything I say.
Voltron's Current Forecast
Wall Street and the government are about to engage in battle and recriminations in the face of a massive wave of foreclosures. Wall Street will start yanking the leash, causing stock market crashes whenever the status quo is threatened.
The economy is fake and is dominated by fraud and criminal activity. The government is running several giant ponzi schemes.
The DOW/GOLD ratio will drop to 2.
The Fed's announcement that they are going to print a Trillion dollars and use it to buy debt is the proverbial "crossing of the Rubicon" The US Dollar is toast. I think the trigger will be some of the smaller holders of Treasurys (Singapore, for example) trying to dump their holdings before China does. This will cause a panic stampede out of Treasurys which will destroy the dollar.
Wells Fargo are liars. They have over 150 Billion in worthless home equity loans and a Trillion dollars in off-balance sheet liabilities.
Do not abuse leverage. The Fed is going to spend limitless amounts of money to pound interest rates and Gold prices into appearing "normal" when in fact they are on the verge of exploding. The tremendous volatility will shake out leveraged players.
Long: GLD
Calculators and Tools
Blogs I read
- Capital Account with Lauren Lyster
- Max Keiser
- Mortgage Lender Implode-O-Meter
- Naked Capitalism
- Zero Hedge
- The Big Picture
- Euro Pacific Capital
- Safe Haven
- MISH'S Global Economic Trend Analysis
- Nathan's Economic Edge
- Dr Housing Bubble
- Karl Denninger's Market Ticker
- Calculated Risk Blog
- Jesse's Café Américain
Education Links
Smartypants Hall of Fame
- Economist, Steve Keen
- Hedge Fund Manager, Hugh Henry
- Radio/TV Host, Max Keiser
- Stock Analyst, Ivy Zelman
- Fmr Options Trader/Philospher, Nassim Taleb
- Fmr Regulator, William K. Black
- Derivatives expert, Janet Tavakoli
- Fmr Hedge Fund Manager, Andrew Lahde
- Fmr Hedge Fund Manager, Dr. Michael Burry
- Investment Advisor, Marc Faber
- Short Seller, Jim Chanos
- Hedge Fund Manager, John Paulson
- Stockbroker/Economist, Peter Schiff
- Columnist: Damon Vrabel
- Investor, Jim Rogers
- Bank Analyst, Meredth Whitney
- Fmr Regulator, Brooksley Born
- Economist, Nouriel Roubini (NYU)
- Artist/Filmmaker, Paul Grignon
- Congressman, Ron Paul (R - TX)
- European Parliamentarian, Daniel Hannan
- Hedge Fund Manager, David Einhorn
- Hedge Fund Manager, Bill Ackman
Comic Relief (videos)
- NOMINT: Greek Crisis Explained
- Brits: Congratulations! You’ve Only Lost $1 Million Dollars!
- Daily Show: The banks can't lose
- Daily Show: Fat Fingers
- Ratigan: Financial Fraud For Dummies
- NPR: Bet Against The American Dream
- Daily Show: In Dodd We Trust
- The Onion: Money is an illusion
- "Fear the Boom and Bust" a Hayek vs Keynes Rap
- Mint.com: R U Unemployed
- Yes, Minister: A Conflict of Interest
- Colbert: Honor Bound
- Colbert: The Fed
- SNL: US-China Relations
- Daily Show: Dow 10,000
- Daily Show: High Frequency Trading Cash Cow
- Daily Show: Home Crisis Investigation
- Brits: The elephant in the room
- Daily Show: The bailouts are working!
- SNL: Bailout Skit (uncensored)
- South Park: The importance of saving money
- South Park: How the Treasury Dept works
- Subprime Mortgage Crisis Blues
- Brits: Subprime crisis (part 1)
- Brits: Subprime crisis (part 2)
- SNL: Conspiracy Rock
- For Kids: The Mississippi Bubble
Ways to make money when stocks go down
Option Trading Tools
Blog Archive
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2008
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February
(51)
- Airbus wins $40 Billion contract for tankers
- Sacrificing Fannie And Freddie
- Bond Insurance Fate Murky As Week Ends
- MBIA Expects Further Write-Downs
- Peter Schiff on inflation
- CNBC's Monotone on the Monolines
- Uncertainty builds at Ambac, MBIA
- Watch out for that falling dollar!
- 50 Ways To Leave Your Mortgage
- Walkin' away
- Details on new GSE lending limits
- U.S. mortgage rates rise
- Uh Oh!
- Treasury Secretary to Wall Street: fend for yourself.
- Government criticized for bailing out countrywide.
- Government is trying to re-inflate house prices
- Moody's double standard
- MBIA and Moody's conspire to rob municipalities
- MBIA wants a tax break.
- MBIA, S&P and What AAA Really Means
- Ruthless Default
- MBIA "AAA" credit rating re-affirmed.
- Funny but true
- Lots of news this weekend
- Sure, this'll work
- Bank of America Asks Congress for a $739 Billion B...
- Countrywide . . . the band played on
- Treasury studying home refinance plan
- AA ratings for U.S. bond insurers may cut risks: r...
- A 'Simple' Bond-Insurance Plan
- Ackman's Plan for Bond Insurers Is the Best So Far
- MBIA restructuring
- Stupidity Marches On . . .
- Massive Fraud
- Hedge Fund Manager Bill Ackman on MBIA
- MBIA MIA CULPA
- Oh Puh-Leeease! Excuse me while I vomit.
- Ackman criticizes bank bailouts for bond insurers
- Median housing prices in county hit 4-year low
- MBIA blames the short sellers
- Let the finger pointing begin
- <!-- window.name = "wndMain" function onLoadActio...
- Oldie but Goodie
- Moody's admits they suck
- MBIA's marathon (negative) earnings call
- Banks to MBIA: You're on your own
- Look out below!
- MBIA: you're on your own
- Hello year 2000 prices.
- Next shoe to drop.
- Long conference call never a good sign.
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February
(51)
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