To fuck you again! Just kidding. We have no idea if that’s the master plan, but would it be so crazy to assume that John “Forclosure is Your Friend” Paulson is starting a fund to provide capital to financial firms hurt by mortgage writedowns in order to get them back on their feet just before telling people he’s been “hearing things” about liquidity issues but, more importantly, overly friendly interactions between whoever’s running the big ones at the time and petting zoo residents, and shorting the entire sector, all the while working on a passion project entitled “Convince Moz to Start a New Lender”? We submit it would not.
Paulson & Co. Plans Fund to Provide Capital to Banks [Bloomberg]
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Which Mayo is better, Kraft or Hellmann’s?
Priceless Bess Levin in the morning – alas, the world is in perfect order.
9:55:
Do you have any idea what ‘alas’ means?
@9:57 Yes, it was sarcasm, as in shucks. After all, what fun are things when everything is hunky-dory.
~9:55
the world is NOT in perfect order, retail is up today and my shorts are burning (although aforementioned 30-day holding period kinda renders that at least temporarily moot)
Paulson rocks.
And not a moment too soon has he decided to put his righteous 3.5 billion crisis gain to use…
‘It’s alright, I’m paying you with you’re own money’ – KGB
This is the biggest bullshit rally I’ve seen in my 67 years of investing.
@8
Quiet you.
Free Tibet.
67 years of investing? No wonder you don’t get it; there is no inflation and we’re not in a recession because the government has told us so. Bank failures and GSE bailouts? What do those have to do with anything? Consumer confidence, ignore that, PT Barnum was right there is an idiot born every minute and what do all of those idiots know about their own financial situations? The answer is nothing. The housing mess, its just a buying opportunity! BUY BUY BUY
Sarcasm turned off.
Seriously, did we not learn anything from Japan? I seem to recall they went through a massive housing bubble, bank failures etc. and they still haven’t recovered.
#11
how dare you compare the US with Japan!
trying to paper over the problem may not have worked for them but it will work for the US!
Hank Paulson has stated the problem is almost done. move along, nothing to see here.
Japan took 15 years to recover a little from their asset bubble driven economic crisis.
Brazil needed 50 years and a commodity bubble to shake off it’s banana republic image.
The United States of America? At least Bernanke and Paulson are doing the right thing and pump liquidity into the right away. Japan’s mistake was not pumping liquidity into the economy sooner and things went downhill for a decade before stabilising.
Guest No.8
Yes, a bullshit rally indeed. I thought for a second you might be Warren Buffett himself.
13,
1. Thanks for the insightful economic analysis. For a second I thought you might be the Maestro himself.
2. I read Tim Sykes book so I know what I’m talking about.
Numero Ocho
Numero Ocho y Catorce
An old wise man once taught me the following about investing:
1) Don’t buy what you don’t understand.
2) Don’t buy anything that is manipulated unless you are the manipulator.
3) Don’t buy into any rallies that are not backed by fundamentals.
I think the current rally we are seeing fit all of the above criteria.
I don’t understand what the markets are doing. The market is so nervous it is overreacting to every snippet of news or rumour.
The market is being manipulated by the Treasury, the Fed, and the SEC. Unless I know for sure what they’re doing (Fat Chance). I won’t hold on to any stock. Everything in my portfolio is now a trading position.
Fundamentals are shit. Period. Even if oil has come down from $147 to $126 in three days. Expectations are still at $150 or more by year’s end. A firecracker go off accidently in the middles East or somebody breaks wind in the Gulf of Mexico will see oil prices go back up to the $140′s.
The hurricane is bypassing the rigs, so oil is down. The fix is in to settle the Fannie Mae/Freddie Mac problems, so let’s forget the other financial problems and the mortgage mess for the moment. M & A is up. As I got out of the shower this morning, I thought, hmmm, time for a rally.
People aren’t really thinking that deeply.
And that rally didn’t last that long. Back to reality.
Very good 16.
(?) John “Forclosure is Your Friend” Paulson.
(Isn’t it “Hank”)?
***News Flash***
Employment Opportunities in Delaware
I heard on the radio this morning that Blackrock announced a commitment to the State of Delaware to expand their presence here by adding 300 new financial sector jobs. The positions will be in Asset Management (for the clowns) and in Data Processing (for the goons).
It didn’t say anymore about the positions, but if you’re without a job, you might consider checking with Blackrock.
Blackrock is housed in the Bellevue Corp Center, a rather small center, located right in the middle of a State Park in northern Delaware, right off I-95. Very nice place; I’ve been there.
If any of you unemployed wizards are looking for a change, you might give Blackrock a try. If you’re successful, let me know; I’ll tell you the best places to live. You probably won’t make as much money as you do/did now/recently, but the cost of living is lower, and your booze & pill-fed ulcers won’t be so bad.
The Guy from Delaware
dumb ass at #20– no. foreclosures = paulson making 3.7 bn.
Retard No.20, you think our current Secretary of Treasury would be allowed to run a Hedge Fund?
~LexSteelz
#20
Bernanke, is that you???
The market isn’t having a rally. It’s having a heart attack.