Get in The Game

[stockstradr]

This very much describes my cynical yet very effective method of making money in these uncertain times: identify the con game, and get in The Game early, then game the gamer.

Example: why do you think the yield curve dropped so much, so early? Big smart money was front-running the Fed’s inevitable playbook (Bernanke’s 2002 speeches) that includes buying down the yield curve when in war against a deflationary economic death spiral.

More good stuff spotted on Karl Denninger’s brilliant Market Ticker:
http://market-ticker.denninger.net/

He posted these excerpts from Bill Gross:

Still, while such a transformation is, to put it mildly, undesirable, the policies are necessary. As outlined in these pages, the U.S. and many of its G-7 counterparts over the past 25 years have become more and more dependent on asset appreciation. Under the policy-endorsed cover of technology and somewhat faux increases in financial productivity, we became a nation that specialized in the making of paper instead of things, and it fell to Wall Street to invent ever more clever ways to securitize assets, and the job of Main Street to “equitize” or, in reality, to borrow more and more money off of them. What was not well recognized was that these policies were hollowing, self-destructive, and ultimately destined to be exposed for what they always were: Ponzi schemes, whose ultimate payoffs were dependent on the inclusion of more and more players and the production of more and more paper. Bernie Madoff?

…

But Madoff’s scheme has a host of culpable look-alikes and one has only to begin with the mortgage market to understand the similarities. Option ARMs or Pick-A-Pay home loans allowed homeowners to make monthly payments that were so small they did not even cover their interest charges. Two million mortgagees either chose or were sold this Ponzi/Madoff form of skullduggery, believing that home prices never go down and that shoppers never drop. One can add to this the trillions in home equity/second mortgage loans that extracted “savings” in order to promote current instead of future consumption, and one begins to realize that Bernie Madoff and our cartoon’s Wimpy had company all these years.

….

What about the shabby performance of the rating agencies? Were they not equally at fault for perpetrating a giant charade that was bound to end in tears? Of course: Aaa subprimes structured like a house of straw; Aaa monoline insurers built like a house of sticks; Aaa credits like AIG, FNMA, and FHLMC where only a huff and a puff could expose them for what they were – levered structures dependent upon asset price appreciation for their survival. Ponzi finance.

I will go on. Municipalities with begging bowls now extended for over a trillion of Federal taxpayer dollars, based their budgets and their own handouts on the perpetual rise in home prices, the inevitable upward slope of sales taxes, and the never-ending increase in employment and personal income taxes. To add injury to insult, they conveniently “balanced” their books with a host of accounting tricks that Bernie Madoff could never have come up with in his wildest imagination. Now, with cash flow insufficient to meet current outflows, they are proving my point that we have met Mr. Ponzi and he is us – all of us: auto companies that siphoned sales dollars to make labor peace instead of research and design expenditures; hedge funds that preposterously billed investors for 2% and 20% of nothing; a President and politicians who thought they could fight a phony war for free and distract the nation’s attention from $40 trillion of future social security and health care liabilities. Ponzi, Ponzi, Ponzi.

Now the best part from Bill Gross:

Still, future policymakers must confront the reality that is, not the one that should have been. And investors must do likewise, casting aside personal philosophies for a clear-headed view of the future horizon. PIMCO’s view is simple: shake hands with the government; make them your partner by acknowledging that their checkbook represents the largest and most potent source of buying power in 2009 and beyond. Anticipate, then buy what they buy, only do it first

Get in The Game. And don’t feel guilty about it. Because if you’re not in The Game, you are the game; you are the “mark.”

[4plexowner]

So how do you suggest that we get in the game?

Shorting treasury bonds seems too obvious – when the game is that obvious I have to wonder who’s being gamed

Bill Gross at Pimco appears to be talking about moving out of treasury bonds and into municipal bonds since the cities and states are likely to be receiving bailouts in 2009 – does that mean I should be front running Pimco and the govt by buying municipal bonds?

My current strategy is to stay the hell out of Wall Street’s games and protect my assets – in 2008 that strategy kept me from losing 40-50% in equities while both of my gold coins increased in value by 5%

Please enlighten me as to how I can play the game – thanks!

[4plexowner]

So how do you suggest that we get in the game?

Shorting treasury bonds seems too obvious – when the game is that obvious I have to wonder who’s being gamed

Bill Gross at Pimco appears to be talking about moving out of treasury bonds and into municipal bonds since the cities and states are likely to be receiving bailouts in 2009 – does that mean I should be front running Pimco and the govt by buying municipal bonds?

My current strategy is to stay the hell out of Wall Street’s games and protect my assets – in 2008 that strategy kept me from losing 40-50% in equities while both of my gold coins increased in value by 5%

Please enlighten me as to how I can play the game – thanks!

[4plexowner]

So how do you suggest that we get in the game?

Shorting treasury bonds seems too obvious – when the game is that obvious I have to wonder who’s being gamed

Bill Gross at Pimco appears to be talking about moving out of treasury bonds and into municipal bonds since the cities and states are likely to be receiving bailouts in 2009 – does that mean I should be front running Pimco and the govt by buying municipal bonds?

My current strategy is to stay the hell out of Wall Street’s games and protect my assets – in 2008 that strategy kept me from losing 40-50% in equities while both of my gold coins increased in value by 5%

Please enlighten me as to how I can play the game – thanks!

[4plexowner]

So how do you suggest that we get in the game?

Shorting treasury bonds seems too obvious – when the game is that obvious I have to wonder who’s being gamed

Bill Gross at Pimco appears to be talking about moving out of treasury bonds and into municipal bonds since the cities and states are likely to be receiving bailouts in 2009 – does that mean I should be front running Pimco and the govt by buying municipal bonds?

My current strategy is to stay the hell out of Wall Street’s games and protect my assets – in 2008 that strategy kept me from losing 40-50% in equities while both of my gold coins increased in value by 5%

Please enlighten me as to how I can play the game – thanks!

[4plexowner]

So how do you suggest that we get in the game?

Shorting treasury bonds seems too obvious – when the game is that obvious I have to wonder who’s being gamed

Bill Gross at Pimco appears to be talking about moving out of treasury bonds and into municipal bonds since the cities and states are likely to be receiving bailouts in 2009 – does that mean I should be front running Pimco and the govt by buying municipal bonds?

My current strategy is to stay the hell out of Wall Street’s games and protect my assets – in 2008 that strategy kept me from losing 40-50% in equities while both of my gold coins increased in value by 5%

Please enlighten me as to how I can play the game – thanks!

[Chris Scoreboard Johnston]

Watch the COT reports for the financial markets, that is how. The commercials tipped off the bull move in bonds right on schedule for those who knew how to read it. They also tipped off the stock selloff right at the top, moves in GOLD and OIL as well.

In general I agree with this take although determining what the insiders are doing in advance requires alot of guessing and I do not guess when I put my money at risk. It is better to have tools like the cot report which gives info about 3 days after the fact, so very timely.

The best way to track the PPT is actually to watch the premium between the cash and the futures in the S&P at certain times during the day, mostly 10, 10:30, and 11 am and noonish PST, so 4 specific times. When it expands indicating a buy program at those times, you can easily get on that train for a good run. This can also be large institutions and not the PPT. It is most often the PPT on the late day saves on downward moves. Most people don’t trade intraday, but for those that do, this is one way to follow the insiders.

I wish I had ways for other things like this, and if I did I would probably hog them to myself anyway.

One area that I think is worth considering is anything that involves unions. With a heavy democratic control being in place, I think they will intervene when large unions are in peril to save them, so that might be one area to research. Where there are large unions, what industries, then buy into severe weakness in them anticipating a govt handout to save them. This will be risky as you will be buying penny stocks most likely to do it. If you could find discounted bonds in these areas in might be a better bet. Also, look at infrastructure stocks, that is an obvious place where money will flow very shortly.

[Chris Scoreboard Johnston]

Watch the COT reports for the financial markets, that is how. The commercials tipped off the bull move in bonds right on schedule for those who knew how to read it. They also tipped off the stock selloff right at the top, moves in GOLD and OIL as well.

In general I agree with this take although determining what the insiders are doing in advance requires alot of guessing and I do not guess when I put my money at risk. It is better to have tools like the cot report which gives info about 3 days after the fact, so very timely.

The best way to track the PPT is actually to watch the premium between the cash and the futures in the S&P at certain times during the day, mostly 10, 10:30, and 11 am and noonish PST, so 4 specific times. When it expands indicating a buy program at those times, you can easily get on that train for a good run. This can also be large institutions and not the PPT. It is most often the PPT on the late day saves on downward moves. Most people don’t trade intraday, but for those that do, this is one way to follow the insiders.

I wish I had ways for other things like this, and if I did I would probably hog them to myself anyway.

One area that I think is worth considering is anything that involves unions. With a heavy democratic control being in place, I think they will intervene when large unions are in peril to save them, so that might be one area to research. Where there are large unions, what industries, then buy into severe weakness in them anticipating a govt handout to save them. This will be risky as you will be buying penny stocks most likely to do it. If you could find discounted bonds in these areas in might be a better bet. Also, look at infrastructure stocks, that is an obvious place where money will flow very shortly.

[Chris Scoreboard Johnston]

Watch the COT reports for the financial markets, that is how. The commercials tipped off the bull move in bonds right on schedule for those who knew how to read it. They also tipped off the stock selloff right at the top, moves in GOLD and OIL as well.

In general I agree with this take although determining what the insiders are doing in advance requires alot of guessing and I do not guess when I put my money at risk. It is better to have tools like the cot report which gives info about 3 days after the fact, so very timely.

The best way to track the PPT is actually to watch the premium between the cash and the futures in the S&P at certain times during the day, mostly 10, 10:30, and 11 am and noonish PST, so 4 specific times. When it expands indicating a buy program at those times, you can easily get on that train for a good run. This can also be large institutions and not the PPT. It is most often the PPT on the late day saves on downward moves. Most people don’t trade intraday, but for those that do, this is one way to follow the insiders.

I wish I had ways for other things like this, and if I did I would probably hog them to myself anyway.

One area that I think is worth considering is anything that involves unions. With a heavy democratic control being in place, I think they will intervene when large unions are in peril to save them, so that might be one area to research. Where there are large unions, what industries, then buy into severe weakness in them anticipating a govt handout to save them. This will be risky as you will be buying penny stocks most likely to do it. If you could find discounted bonds in these areas in might be a better bet. Also, look at infrastructure stocks, that is an obvious place where money will flow very shortly.

[Chris Scoreboard Johnston]

Watch the COT reports for the financial markets, that is how. The commercials tipped off the bull move in bonds right on schedule for those who knew how to read it. They also tipped off the stock selloff right at the top, moves in GOLD and OIL as well.

In general I agree with this take although determining what the insiders are doing in advance requires alot of guessing and I do not guess when I put my money at risk. It is better to have tools like the cot report which gives info about 3 days after the fact, so very timely.

The best way to track the PPT is actually to watch the premium between the cash and the futures in the S&P at certain times during the day, mostly 10, 10:30, and 11 am and noonish PST, so 4 specific times. When it expands indicating a buy program at those times, you can easily get on that train for a good run. This can also be large institutions and not the PPT. It is most often the PPT on the late day saves on downward moves. Most people don’t trade intraday, but for those that do, this is one way to follow the insiders.

I wish I had ways for other things like this, and if I did I would probably hog them to myself anyway.

One area that I think is worth considering is anything that involves unions. With a heavy democratic control being in place, I think they will intervene when large unions are in peril to save them, so that might be one area to research. Where there are large unions, what industries, then buy into severe weakness in them anticipating a govt handout to save them. This will be risky as you will be buying penny stocks most likely to do it. If you could find discounted bonds in these areas in might be a better bet. Also, look at infrastructure stocks, that is an obvious place where money will flow very shortly.

[Chris Scoreboard Johnston]

Watch the COT reports for the financial markets, that is how. The commercials tipped off the bull move in bonds right on schedule for those who knew how to read it. They also tipped off the stock selloff right at the top, moves in GOLD and OIL as well.

In general I agree with this take although determining what the insiders are doing in advance requires alot of guessing and I do not guess when I put my money at risk. It is better to have tools like the cot report which gives info about 3 days after the fact, so very timely.

The best way to track the PPT is actually to watch the premium between the cash and the futures in the S&P at certain times during the day, mostly 10, 10:30, and 11 am and noonish PST, so 4 specific times. When it expands indicating a buy program at those times, you can easily get on that train for a good run. This can also be large institutions and not the PPT. It is most often the PPT on the late day saves on downward moves. Most people don’t trade intraday, but for those that do, this is one way to follow the insiders.

I wish I had ways for other things like this, and if I did I would probably hog them to myself anyway.

One area that I think is worth considering is anything that involves unions. With a heavy democratic control being in place, I think they will intervene when large unions are in peril to save them, so that might be one area to research. Where there are large unions, what industries, then buy into severe weakness in them anticipating a govt handout to save them. This will be risky as you will be buying penny stocks most likely to do it. If you could find discounted bonds in these areas in might be a better bet. Also, look at infrastructure stocks, that is an obvious place where money will flow very shortly.

[paramount]

One way to play the game: Right now investors are in US dollars because relative to other currencies it is still safe.

However, as other economies improve (Europe, Brazil, China) there will be an outflow out of US $$ into euros and other currencies – probably by the end of 2009.

This will start the hyperinflation period so many are talking about.

Here is the play: Starting in the 2nd half of 2009, start buying gold or gold stocks (GG)and foreign stocks.

Well, that’s according to Jim Jubak of MSN Money.

[paramount]

One way to play the game: Right now investors are in US dollars because relative to other currencies it is still safe.

However, as other economies improve (Europe, Brazil, China) there will be an outflow out of US $$ into euros and other currencies – probably by the end of 2009.

This will start the hyperinflation period so many are talking about.

Here is the play: Starting in the 2nd half of 2009, start buying gold or gold stocks (GG)and foreign stocks.

Well, that’s according to Jim Jubak of MSN Money.

[paramount]

One way to play the game: Right now investors are in US dollars because relative to other currencies it is still safe.

However, as other economies improve (Europe, Brazil, China) there will be an outflow out of US $$ into euros and other currencies – probably by the end of 2009.

This will start the hyperinflation period so many are talking about.

Here is the play: Starting in the 2nd half of 2009, start buying gold or gold stocks (GG)and foreign stocks.

Well, that’s according to Jim Jubak of MSN Money.

[paramount]

One way to play the game: Right now investors are in US dollars because relative to other currencies it is still safe.

However, as other economies improve (Europe, Brazil, China) there will be an outflow out of US $$ into euros and other currencies – probably by the end of 2009.

This will start the hyperinflation period so many are talking about.

Here is the play: Starting in the 2nd half of 2009, start buying gold or gold stocks (GG)and foreign stocks.

Well, that’s according to Jim Jubak of MSN Money.

[Author]

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