A Slacker's Quest For His First Million
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A Slacker's Quest For His First Million Recent Blog Posts
Another AIG Scandal?
on Mar 29, 2009Remember how in early March the banks, starting with Citi's (C) purposefully leaked memo, announced that they had operating profits? This was the beginning of a rally of over 20% on the S&P 500, which might now be over.Zero Hedge reports that the...
Sold My Calls This Morning
on Mar 18, 2009Market sentiment changed dramatically since I pondered about the latest rally (the bottom or just another bear market sucker's rally?) just as few days ago. After yesterday's (3/19/09) close, with the S&P 500 up around 18% in a week's worth of t...
Surprise Surprise
on Mar 18, 2009Everyone seems surprised and upset about the AIG bonuses, but are some government officials of our banana republic just acting?From CNBC:In a stunning development, Sen. Christopher Dodd said that Obama administration officials asked him to add langua...
Another Bear Market Rally or Have We Hit Bottom?
on Mar 13, 2009The S&P 500 is up around 10% since its low of 666.79 on Monday. (Investor's sentiment, including my own was so negative, that I decided to sell my puts and buy calls. It turned out to be a week too early, oh well (my calls are now about even).It'...
Risky Leveraged ETF Arbitrage Strategy
on Mar 5, 2009This post is yet another demonstration of why holding leveraged ETFs for a longer period is not worthwhile. It is also a brief examination of how the less risk averse among us might take advantage of this fact.I wrote a while back about the dangers o...
Obama Snubs Geitner?
on Feb 27, 2009Take a look at the last 20 seconds or so of this video. Obama shakes Dodd's hand, Frank's hand, moves past Geitner, and shakes Shelby's hand. It looks as though Geitner reaches out to shake Obama's hand and the President just moves past him.Probably...
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