Tuesday, September 30, 2008
Monday, September 29, 2008
I hate to be Dr. Doom again, but ask this question: Who has the most to lose? Congress asked Warren Buffet for advice yesterday. His reply was essentially this, "Bail me out! Act now or all is lost!" Go read the news on your own, but if I had a 50 billion dollar net worth, I would not want it to decrease 10 or 20 billion over any period of time. The diplomacy of deceit has not come to an end. Peer through the looking glass of history and you will see that we are on the brink of something so massive that not even the great W.B. can fix it. He may try his old tricks of milking more out of the masses or redeploying group hypnosis, but those games are played out. The title of today’s post is a pun that compares Mr. Buffet to the “SS.” Both were/are economies unto themselves. The point is this: if you are not questioning every one right now you are stupid and deserve the yoke of a 20 trillion headed beast. I am all for replacing the republic with true democracy as some suggest. My best friend says it best in his article from Saturday over at www.ticktalklive.com.
Posted by Smart Bomb on Monday, September 29, 2008
Tuesday, September 23, 2008
On the lighter side. my chickens just started paying dividends. We got our first brown egg this past Sunday. I checked in with the board of directors late last night and they were all cooped up burning the midnight oil. Every producer in her own cubicle. the buzz in the office was electric. 60 watts to be exact.
Posted by Smart Bomb on Tuesday, September 23, 2008
Friday, September 19, 2008
I'm not even going to get started on a rant about elastic money supply and just how far gone the banking system in this country is... Just read the press release yourself and figure it out on your own. But hey the Indicies are going to open strong because of these snot nosed apes at the Federal Reserve Board.
Posted by Smart Bomb on Friday, September 19, 2008
Thursday, September 18, 2008
I will admit that it feels good to be on the right side of this market. Its been a rough year so far. I have been short the Dow for several days now. (DXD) I just cant stop trading those ETFs. Trust me, I'm not getting a big head here. I am still down on the year as a whole because I got into some garbage Iron Condor trading a while back. Keep you eyes open traders. The Dow Jones 30 ETF "DIA" closed at a 3 year low yesterday. we may see some temporary support at these levels, but don't count on it.
Also- I noticed after some research that Gold had its biggest single day upside move in history. Many are calling gold the only safe haven; but it may not be so simple. Right now I am feeling like there is no safe haven. The Banking system as we knew it is a fast fading memory... Not that I am complaining. I have never liked banks. (sorry bankers. Its not personal)
I had a quick conversation with an old trader buddy of mine 2 days ago. we were talking about bearish search tools when he cut me off and said "why search, just buy puts on anything and you will make money" of course he was making a bigger point, but his wise crack was not that far from the truth.
My conscience keeps telling me that "Wheat in the granary, taters in the cellar and peaches in mason jars are about the only real safe haven that makes sense. So while the market plunged today I went and cut fire-wood to be stored for possible dark times that may (almost certainly) materialize in the coming months. No living trees were harmed in the process. Just dead and down trunks and limbs. That's actually a good way to look at the market right now. "Dead and Down" We have to make room for new seeds to sprout and take root.
Good luck to all, and just stick to the plan.
Posted by Smart Bomb on Thursday, September 18, 2008
Thursday, September 11, 2008
I was an Order Entry Monkey (OEM) at fidelity investments 7 years ago. I had just been dropped off at work on sep/11/2001 when a friend of mine said; "did you hear the news?" I replied, yes M.J. is going to play basketball again! Well Jordan did come back, but the towers fell. I sat in silence and took a phone call per hour; mostly just people asking if they could get my help in tracking down a friend of theirs that worked for Fidelity. It took about 8 hours for me to realize what had really happend... Dow Jones News Wire was only giving small bits of news. I was not allowed to leave my desk unless I was on a break. I saw the first replay of the tower collapse on my afternoon or lunch break.
I felt (as most americans did) a wide range of emotions that day. Fear,anger,sympathy and hope. Since then I have wondered and asked others the same questions we all have. Why? is the biggest question for me. It is beyond my capacity to understand the reality that there are people somewhere in the world that would kill my entire family as well as themselves for an Idea.
There are a growing number of ordinary (not super freaks with mental problems) people who believe that 9-11 was an inside job... I don't need to expand on why. Go do your own research.
All I know for sure is that I feel like a man who has lost his country. From the White house down to the city council. "We" the people need to be true patriots on this new recognized memorial day. A Freeman once said that "A patriot must always be ready to defend his country against its own government"
God bless this Nation and ALL people of the world.
Posted by Smart Bomb on Thursday, September 11, 2008
Tuesday, September 09, 2008
Below you will see my response to an article from seeking Alpha written by a great pal O mine...
What a mess!!!
Keep in mind people; the end game for this up-scale street match of 3 card Monty is this: Deflation of property values and returning as much real estate to direct ownership of the largest banking cartel in the history of the world, AKA the federal reserve. They learned it from the euro banks over a century ago. Once you are living under an overpass and the land has been made property of the banks again; you will be able to get a loan for a home and the whole damn thing will start over again; but on a larger scale called "ONE WORLD GOVERNMENT"
of course this is all doom and gloom... however 2 hours on the couch with my kids and a viewing of Marry Poppins brought me down out of my sniper nest Sunday morning.
I say give your toppins (lucre, money) to the bird lady and let matters of woe and want be taken care of by your guardian angels...
If you don't take that advice, go read the rise and fall of the 3rd Reich... Just consume responsibly.
Posted by Smart Bomb on Tuesday, September 09, 2008
Tuesday, September 02, 2008
I just want to remind all my trading buddies that now is the time to focus.
- We are going to be bombarded with election garbage
- Christmas is coming
- China will continue be a major distraction
- Worry of all kinds do and will abound.
Focus on what you see and block out all the noise. Do what works for you. If nothing works for you where trading is concerned; we need to talk. send me an email.
In the mean time; stay away from the circles of confusion. (the news, the water cooler, any trader who talks but cant back up a word of what is professed) a circle of focus on the other hand is a fine point that exists in your trading mind and is influenced by what the market tells it to do...
Posted by Smart Bomb on Tuesday, September 02, 2008