Market Up, But is it for good

Sorry boyzz..This elevator is only going up....

Since it's only back to the levels it was at the end of Feb is this even a rally?  Coming in we were down 12/13 days for only the second time in History and when Doug Kass says he's a bull so am I until he changes his mind.  That said I put in tight trailing stops on all my positions and got stopped out on PNX, MGM, FWLT Aand HIG today all at 40-100% gains.

has anything fundamentally changed with the banks, with government, with level 3 assets, with our deficits

if not then just trade this mkt...this is a bear bounce. could go another 1000 on the dow but its not a real bull

this rally will get the little guy all worked up to get back in and then once he fully invests the shorts will come back and run it back down

agreed 100%, i have been telling my friends and family for months now that at some point we will have to go through hyperinflation. As for the last sentence, so true, that is why this last election was so fustrating to watch, you knew how bad he was going to screw this up but the poor outnumber the rich and as long as he was providing handouts what do they care how screwed up this country gets in the process.

but the poor outnumber the rich and as long as he was providing handouts what do they care how screwed up this country gets in the process.



at some point the handouts will stop. the unsustainable pensions will stop. social security will stop

companies and governments have promised the world but their only means to give the world is to squeeze the private sector

rink - the regs we did have in place werent enforced or overridden. what good were they?

Rat,

That just isnt accurate regarding Clinton.

Allowing banks to merge with financial firms is not what caused this.

LEVERAGE caused this fellas, nothing else.

Anyone else see the blurb today regarding where AIG spent the money?

They paid on those stupid credit swaps they sold..the leveraged insurance policies on those "assets" thats where a chunk of that cash went and goes to the real cause of the problem.

If regulators had been watching and noticed that these firms had leveraged out their ASS then we would never have seen the housing bubble and we would never be in this position. It also means GWB would have been bounced with a one-and-done though..that artificial expansion cycle got him re-elected, no doubt about it.

This had zippo to do with Clinton, that act didnt give banks the OK to leverage 40-50 to 1 versus assets, nor did it give AIG the right to issue coverage for that same and higher multiples versus assets.

If regulators had been watching and noticed that these firms had leveraged out their ASS
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the SEC okayed this with Paulson as lead petitioner for the 5 families (gs, mer, leh, bsc, morgan)

Yep..

This falls on the shoulders of the FED and the SEC, nobody else, most definitely not Clinton.

If Clinton's law signing (bad mistake and he gets blamed but all sides are guilty as congress passed it as a repub majority) had been the cause, then the EFFECT wouldnt have taken so long to happen..Clinton signed that in 99, yet the leverage and bubble didnt start showing until 2003.

C up 40% today?

absolutely he gets some of the blame. lending lots of money to people who cant pay it back and then allowing banks to borrow against it is a major clusterfuck

click

Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
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Fannie Mae, the nation's biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.



do i need the drudge sirens also?

Yep, makes me want to vomit after bailing out Friday morning at 1.85 from 1.05.

 

But like 99.9999999999999% of the time, sell and it runs, hold and it gets slaughtered.  Way this sicko game has and will always work.  Got to move on at all times and always know that "trading" is going to be aggravating 99.9999999999999999% of the time with all the second guessing and hindsight.

today's rumor:

There are rumors in the market today suggesting that the government will request delivery of stock certificates held by AIG and other institutions in which it has a major investment, thus preventing short-sellers from borrowing the shares they hold...