Comments on: Confidence Crash…Your Mommy Can't Save You!

By: Howard Lindzon » Is This a Bear Market?

Howard Lindzon » Is This a Bear Market? — Sun, 27 Jan 2008 19:19:12 +0000

[...] If you don’t think it is and you are not respecting the price action, you will be sorry. The global markets were fantastic since since 2003 for long only investors (like me), but now is shaping up as payback. I have been viciously aggressive in protecting big gains and cutting loose my dogs. The Fed just cut 75 basis points and all we got was a weaker US Dollar and Gold at another all-time high of $910. Not good for any of us. It’s really not great to see a new problem being fought with the same bullshit soltion of the last 20 years. I have already said my peace on that last week . [...]

By: BDG123

BDG123 — Wed, 23 Jan 2008 00:17:13 +0000

Mommy can’t save you but your daddy can. Who’s your daddy? The party hasn’t even begun. Most people have no idea what the implications for the global economy. This outcome was baked more than ten years ago. And, those who were uber bullish were living in an alternative reality based on the biggest Wall Street bubble in history. It will likely take four or more years for this environment to gain some type of footing.

By: maximo zeledon

maximo zeledon — Tue, 22 Jan 2008 23:19:40 +0000

Great entry Howard! You make some good points and I do agree–the solution has to come from the top, but it won’t until we get a new President. I’m not a political man, but this administration acted like a fat pig and now it’s time for the butcher. The Fed can only do so much. But I see opportunity as well, but I’m not stupid enough to guess the bottom like some people are doing right now.

By: Stephen L. McKay

Stephen L. McKay — Tue, 22 Jan 2008 23:02:46 +0000

Howard,
Just back yesterday from Canada, and don’t let Andy kid with you (Canada is not a fad), Ha!
love your post! Sounds like my take, and as I told Andy yesterday, in response to his comment on Fred’s blog (gotta start twitting), I’d rather have buying power than a discount on debt anyday!
Great post, and thanks!

Steve

By: Keith Shepard

Keith Shepard — Tue, 22 Jan 2008 13:26:31 +0000

3/4 point cut! Fed stepping in to save Bulls.

By: johnjaygebhardt

johnjaygebhardt — Tue, 22 Jan 2008 07:43:17 +0000

the sell off started with the change in the uptick rule in late july. the mortgage crisis is a direct result of limiting the ability of fnm and fre from increasing their portfolio. banks stepped in and created junk mortgages. this was another policy disaster of the buh administration. yes it was.

By: Blue Moat: Deep Moat Quote #15

Blue Moat: Deep Moat Quote #15 — Tue, 22 Jan 2008 04:29:32 +0000

[...] Futures point to an immanent 400 – 500 point drop on the Dow, at the open Tuesday morning. Bloggers, journalists and the media all over the Internet are giving up, going short, selling everything and [...]

By: howard lindzon

howard lindzon — Tue, 22 Jan 2008 04:23:46 +0000

with inverse etf’s and no uptick rules it is a great market for traders for sure.

Wish I cared about it but I dont.

I would rather the center hold than please some shortsellers.

By: mike b

mike b — Tue, 22 Jan 2008 04:15:41 +0000

Nice job on Bnn!
Was it coincidence that you were on after a 600 point Tsx drop?
Love the blog, you and the fly should rock!

By: Dboy

Dboy — Tue, 22 Jan 2008 01:56:02 +0000

All I can is that this is the best market I’ve ever seen. Fortunes are being made right now.

dboy