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Dinallo Comes Down on Monoline Bears

Tom Brown you are perhaps the most pathetic cheerleader for these totally discredited people and the organisations they run and that is truly saying something. Congratuations old boy and keep on pumping.
But I'm sure I don't need to tell you that.
Aug 03 09:23 am |Rating: 0 0 |Link to Comment |View article
The Stock Market: Searching for Signs of Intelligent Life

I agree with you. A lot of what goes on defies logical explanation. These are the actions of the certifiably insane. How did they earn the money in the first place?
Jun 07 03:32 am |Rating: 0 0 |Link to Comment |View article
Ambac Does It Again

I am totally in agreement with you Reggie. I have spent the last five years trading shares as my only job and I have made enough money not to have to work again. But I stopped investing in August because of what I saw as the total lack of credibility in the American financial system and the effect that would have on the whole world's financial system. And things have got infinitely worse since then.
AMBAC is a classic example. The shenanigans that have gone on in that company are breathtaking. How can you explain why all of these so called super smart super rich people are pouring their money into a company like AMBAC. The only explanation that I can come up with is that keeping AMBAC afloat is part of the larger mission to keep the SS Titanic from going under.
Please keep on writing Reggie.
Apr 24 05:49 am |Rating: 0 0 |Link to Comment |View article
The Coming Crash of 2008: A Result of Overleveraging

Good post. I am no doomsdayer. I did fantastically well trading the market last year. But I agree with you. There is something very ugly coming down the track.
Mar 20 08:02 am |Rating: 0 0 |Link to Comment |View article

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Wall Street Breakfast - Sample Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought. Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only. Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week. Oil demand withers. The International Energy Agency warned Friday worldwide oil demand... Email continues...
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Jim Cramer's Picks -
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Better Choices - Cramer's Lightning Round (10/15/08)

by SA Editor Rachael Granby

Stocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.

Bullish Calls:

Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.

Bearish Calls:

Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend.
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