I think it’s pretty safe to say that Bear Streans is more or less finished.

[Deal Hunter]

This looks like a bail out, but it’s not. Bear Stearns could not open for business today. The Fed got JP Morgan to come in and put their hand on the gushing wound, but it is just a temporary measure for others to come in with buckets to collect any viable body parts.

Call it a “Term Fire Sale Facility” that only looks like a bail out. Make no mistake. Bear Stearns is done. It will be bought, absorbed or taken apart and sold for parts. Doing this for an investment bank (whose main business in 2007 was backing subprime hedge funds), is just to make the “bail outs” to come not look like a total collapse of the financial markets.

JP Morgan is next. If Citigroup doesn’t fall first. The next one to get run through the egg slicer on the investment bank side will be Merrill Lynch.

Remember LTCM? Central Banks have up to $1-2 Trillion to do this (LTCM was $1 Trillion in 1998). The CBs have plenty of “bail out” left in them.

[34f3f3f]

It’s an investment bank, and probably doesn’t have your traditional savings accounts that’s typical for average joe’s. Anyway, even if Bear Stearns is your bank, what assets?

Excuse my ignorance, but I thought Bear Stearns is also a custodian bank and clearing house. Presumably that means they hold clients assets on behalf of brokers?

[34f3f3f]

It’s an investment bank, and probably doesn’t have your traditional savings accounts that’s typical for average joe’s. Anyway, even if Bear Stearns is your bank, what assets?

Excuse my ignorance, but I thought Bear Stearns is also a custodian bank and clearing house. Presumably that means they hold clients assets on behalf of brokers?

[34f3f3f]

It’s an investment bank, and probably doesn’t have your traditional savings accounts that’s typical for average joe’s. Anyway, even if Bear Stearns is your bank, what assets?

Excuse my ignorance, but I thought Bear Stearns is also a custodian bank and clearing house. Presumably that means they hold clients assets on behalf of brokers?

[34f3f3f]

It’s an investment bank, and probably doesn’t have your traditional savings accounts that’s typical for average joe’s. Anyway, even if Bear Stearns is your bank, what assets?

Excuse my ignorance, but I thought Bear Stearns is also a custodian bank and clearing house. Presumably that means they hold clients assets on behalf of brokers?

[34f3f3f]

It’s an investment bank, and probably doesn’t have your traditional savings accounts that’s typical for average joe’s. Anyway, even if Bear Stearns is your bank, what assets?

Excuse my ignorance, but I thought Bear Stearns is also a custodian bank and clearing house. Presumably that means they hold clients assets on behalf of brokers?

[tangouniform]

Yes, they are a clearing house and bucket shop. Those parts will go on to Gypsy Morgan and her many oracles. This is an organ donor card that was played; J6P get the organ that dangled between the Bear’s legs, as usual.

[tangouniform]

Yes, they are a clearing house and bucket shop. Those parts will go on to Gypsy Morgan and her many oracles. This is an organ donor card that was played; J6P get the organ that dangled between the Bear’s legs, as usual.

[tangouniform]

Yes, they are a clearing house and bucket shop. Those parts will go on to Gypsy Morgan and her many oracles. This is an organ donor card that was played; J6P get the organ that dangled between the Bear’s legs, as usual.

[tangouniform]

Yes, they are a clearing house and bucket shop. Those parts will go on to Gypsy Morgan and her many oracles. This is an organ donor card that was played; J6P get the organ that dangled between the Bear’s legs, as usual.

[tangouniform]

Yes, they are a clearing house and bucket shop. Those parts will go on to Gypsy Morgan and her many oracles. This is an organ donor card that was played; J6P get the organ that dangled between the Bear’s legs, as usual.

[Chris Scoreboard Johnston]

JWM

My advice was very clear go to 100% cash in the last week of December and still be there until the end of March. We are not at that date yet so the book is not closed on that advice but it sure appears to be pretty good. I fail to see how that was bad advice, you would have missed a substantial drop in the DOW as all my clients who follow me have. Maybe I should cut and past some of the thank you’s I have gotten in my emails from clients. I posted several seasonal price projections in my newsletter that all showed a possible low point in March, and one in May. Time will tell if they are right, but the cash position sure looks good right now.

I am a short term trader as anyone who has read my posts here would know. Also I have a audited record of superior returns, that you would not want to compare with yours, it showed $35,000 per futures contract profit for the year of 2007.

Can you show something better than that? it was second in the world I think for last year, with Commodity Timing being first. I am dead against long term investing and always have been. However I do hold some positions for 6 months or so, which I intend to do when I go back in here in the near future on the long side.

Sorry to disappoint you with the facts. Is there one other single person in here who goes on the record several months in advance and calls turning points and what they will do when they arrive? I called for an end of July high last year that was off by two weeks yet called it before the year started. I made that call in this blog along with the post that stated in was time to be in cash at the end of last year.

I correctly called the yields in Bonds last year which Adam can attest to, literally within a week or two of the highs and lows well in advance. It is clear to me I am not a fit here so I will lurk and make an occasional comment if any going forward.

Best wishes to you all, but I hope you do not miss the opportunities that are coming by being too scared to act. Fear sells tickets but does not help you become wealthy.

[Chris Scoreboard Johnston]

JWM

My advice was very clear go to 100% cash in the last week of December and still be there until the end of March. We are not at that date yet so the book is not closed on that advice but it sure appears to be pretty good. I fail to see how that was bad advice, you would have missed a substantial drop in the DOW as all my clients who follow me have. Maybe I should cut and past some of the thank you’s I have gotten in my emails from clients. I posted several seasonal price projections in my newsletter that all showed a possible low point in March, and one in May. Time will tell if they are right, but the cash position sure looks good right now.

I am a short term trader as anyone who has read my posts here would know. Also I have a audited record of superior returns, that you would not want to compare with yours, it showed $35,000 per futures contract profit for the year of 2007.

Can you show something better than that? it was second in the world I think for last year, with Commodity Timing being first. I am dead against long term investing and always have been. However I do hold some positions for 6 months or so, which I intend to do when I go back in here in the near future on the long side.

Sorry to disappoint you with the facts. Is there one other single person in here who goes on the record several months in advance and calls turning points and what they will do when they arrive? I called for an end of July high last year that was off by two weeks yet called it before the year started. I made that call in this blog along with the post that stated in was time to be in cash at the end of last year.

I correctly called the yields in Bonds last year which Adam can attest to, literally within a week or two of the highs and lows well in advance. It is clear to me I am not a fit here so I will lurk and make an occasional comment if any going forward.

Best wishes to you all, but I hope you do not miss the opportunities that are coming by being too scared to act. Fear sells tickets but does not help you become wealthy.

[Chris Scoreboard Johnston]

JWM

My advice was very clear go to 100% cash in the last week of December and still be there until the end of March. We are not at that date yet so the book is not closed on that advice but it sure appears to be pretty good. I fail to see how that was bad advice, you would have missed a substantial drop in the DOW as all my clients who follow me have. Maybe I should cut and past some of the thank you’s I have gotten in my emails from clients. I posted several seasonal price projections in my newsletter that all showed a possible low point in March, and one in May. Time will tell if they are right, but the cash position sure looks good right now.

I am a short term trader as anyone who has read my posts here would know. Also I have a audited record of superior returns, that you would not want to compare with yours, it showed $35,000 per futures contract profit for the year of 2007.

Can you show something better than that? it was second in the world I think for last year, with Commodity Timing being first. I am dead against long term investing and always have been. However I do hold some positions for 6 months or so, which I intend to do when I go back in here in the near future on the long side.

Sorry to disappoint you with the facts. Is there one other single person in here who goes on the record several months in advance and calls turning points and what they will do when they arrive? I called for an end of July high last year that was off by two weeks yet called it before the year started. I made that call in this blog along with the post that stated in was time to be in cash at the end of last year.

I correctly called the yields in Bonds last year which Adam can attest to, literally within a week or two of the highs and lows well in advance. It is clear to me I am not a fit here so I will lurk and make an occasional comment if any going forward.

Best wishes to you all, but I hope you do not miss the opportunities that are coming by being too scared to act. Fear sells tickets but does not help you become wealthy.

[Chris Scoreboard Johnston]

JWM

My advice was very clear go to 100% cash in the last week of December and still be there until the end of March. We are not at that date yet so the book is not closed on that advice but it sure appears to be pretty good. I fail to see how that was bad advice, you would have missed a substantial drop in the DOW as all my clients who follow me have. Maybe I should cut and past some of the thank you’s I have gotten in my emails from clients. I posted several seasonal price projections in my newsletter that all showed a possible low point in March, and one in May. Time will tell if they are right, but the cash position sure looks good right now.

I am a short term trader as anyone who has read my posts here would know. Also I have a audited record of superior returns, that you would not want to compare with yours, it showed $35,000 per futures contract profit for the year of 2007.

Can you show something better than that? it was second in the world I think for last year, with Commodity Timing being first. I am dead against long term investing and always have been. However I do hold some positions for 6 months or so, which I intend to do when I go back in here in the near future on the long side.

Sorry to disappoint you with the facts. Is there one other single person in here who goes on the record several months in advance and calls turning points and what they will do when they arrive? I called for an end of July high last year that was off by two weeks yet called it before the year started. I made that call in this blog along with the post that stated in was time to be in cash at the end of last year.

I correctly called the yields in Bonds last year which Adam can attest to, literally within a week or two of the highs and lows well in advance. It is clear to me I am not a fit here so I will lurk and make an occasional comment if any going forward.

Best wishes to you all, but I hope you do not miss the opportunities that are coming by being too scared to act. Fear sells tickets but does not help you become wealthy.

[Author]

Posts