Where would Piggs buy the stock market?

[scaredyclassic]

Swiss francs. Australian dollars. Pesos. Gold.

I think I read somewhere that the Swiss are adding .1 gram increments of gold to certain coins.

[temeculaguy]

Speaking of gold.

“On Aug. 2, holding by large gold speculators—namely hedge funds—hit “readings that are the highest ever in our records,” stated a Bank of America Merrill Lynch analysis of CFTC data.”

http://www.cnbc.com/id/44110093

Investing is a lot like going to parties to meet women. Sometimes it’s good to be one of the first ones to the party so you can get a good seat, but the risk is that you have to do a lot more guessing at how many women will show up. Sometimes going to the party just as it’s getting going is better, you can check out the talent that it is line to get an idea of what it will be like. Sometimes showing up later, when the party is in full swing is a safer bet, you can clearly see what the talent and the ratio will be, but some of the good ones are already taken by then, so there’s less upside.

But the one party you do not want to go to is the party that has been going on for hours and the hedge fund guys are already there. Because those guys have already knocked up or given an STD to every woman at the party. They will be out the door and driving away before you get your first drink. You’ll likely have to pay them for thier parking spot and pay them again for their seat (both of which they didn’t pay for). They will also likely take a dump into a paper bag because there was a line at the bathroom and tell you to hold it for them because they will be right back. The best strategy is to just keep driving if you see their cars in the driveway when you arrive because you know how this party ends, crying, dna tests or antibiotics, you can set your watch to it.

So there you are, holding a poop in a bag, getting yelled at by a drunk and infected woman who thinks you were the one who knocked her up. Maybe you go to better parties than I do, but I’m not doing that again.

[temeculaguy]

Speaking of gold.

“On Aug. 2, holding by large gold speculators—namely hedge funds—hit “readings that are the highest ever in our records,” stated a Bank of America Merrill Lynch analysis of CFTC data.”

http://www.cnbc.com/id/44110093

Investing is a lot like going to parties to meet women. Sometimes it’s good to be one of the first ones to the party so you can get a good seat, but the risk is that you have to do a lot more guessing at how many women will show up. Sometimes going to the party just as it’s getting going is better, you can check out the talent that it is line to get an idea of what it will be like. Sometimes showing up later, when the party is in full swing is a safer bet, you can clearly see what the talent and the ratio will be, but some of the good ones are already taken by then, so there’s less upside.

But the one party you do not want to go to is the party that has been going on for hours and the hedge fund guys are already there. Because those guys have already knocked up or given an STD to every woman at the party. They will be out the door and driving away before you get your first drink. You’ll likely have to pay them for thier parking spot and pay them again for their seat (both of which they didn’t pay for). They will also likely take a dump into a paper bag because there was a line at the bathroom and tell you to hold it for them because they will be right back. The best strategy is to just keep driving if you see their cars in the driveway when you arrive because you know how this party ends, crying, dna tests or antibiotics, you can set your watch to it.

So there you are, holding a poop in a bag, getting yelled at by a drunk and infected woman who thinks you were the one who knocked her up. Maybe you go to better parties than I do, but I’m not doing that again.

[temeculaguy]

Speaking of gold.

“On Aug. 2, holding by large gold speculators—namely hedge funds—hit “readings that are the highest ever in our records,” stated a Bank of America Merrill Lynch analysis of CFTC data.”

http://www.cnbc.com/id/44110093

Investing is a lot like going to parties to meet women. Sometimes it’s good to be one of the first ones to the party so you can get a good seat, but the risk is that you have to do a lot more guessing at how many women will show up. Sometimes going to the party just as it’s getting going is better, you can check out the talent that it is line to get an idea of what it will be like. Sometimes showing up later, when the party is in full swing is a safer bet, you can clearly see what the talent and the ratio will be, but some of the good ones are already taken by then, so there’s less upside.

But the one party you do not want to go to is the party that has been going on for hours and the hedge fund guys are already there. Because those guys have already knocked up or given an STD to every woman at the party. They will be out the door and driving away before you get your first drink. You’ll likely have to pay them for thier parking spot and pay them again for their seat (both of which they didn’t pay for). They will also likely take a dump into a paper bag because there was a line at the bathroom and tell you to hold it for them because they will be right back. The best strategy is to just keep driving if you see their cars in the driveway when you arrive because you know how this party ends, crying, dna tests or antibiotics, you can set your watch to it.

So there you are, holding a poop in a bag, getting yelled at by a drunk and infected woman who thinks you were the one who knocked her up. Maybe you go to better parties than I do, but I’m not doing that again.

[temeculaguy]

Speaking of gold.

“On Aug. 2, holding by large gold speculators—namely hedge funds—hit “readings that are the highest ever in our records,” stated a Bank of America Merrill Lynch analysis of CFTC data.”

http://www.cnbc.com/id/44110093

Investing is a lot like going to parties to meet women. Sometimes it’s good to be one of the first ones to the party so you can get a good seat, but the risk is that you have to do a lot more guessing at how many women will show up. Sometimes going to the party just as it’s getting going is better, you can check out the talent that it is line to get an idea of what it will be like. Sometimes showing up later, when the party is in full swing is a safer bet, you can clearly see what the talent and the ratio will be, but some of the good ones are already taken by then, so there’s less upside.

But the one party you do not want to go to is the party that has been going on for hours and the hedge fund guys are already there. Because those guys have already knocked up or given an STD to every woman at the party. They will be out the door and driving away before you get your first drink. You’ll likely have to pay them for thier parking spot and pay them again for their seat (both of which they didn’t pay for). They will also likely take a dump into a paper bag because there was a line at the bathroom and tell you to hold it for them because they will be right back. The best strategy is to just keep driving if you see their cars in the driveway when you arrive because you know how this party ends, crying, dna tests or antibiotics, you can set your watch to it.

So there you are, holding a poop in a bag, getting yelled at by a drunk and infected woman who thinks you were the one who knocked her up. Maybe you go to better parties than I do, but I’m not doing that again.

[temeculaguy]

Speaking of gold.

“On Aug. 2, holding by large gold speculators—namely hedge funds—hit “readings that are the highest ever in our records,” stated a Bank of America Merrill Lynch analysis of CFTC data.”

http://www.cnbc.com/id/44110093

Investing is a lot like going to parties to meet women. Sometimes it’s good to be one of the first ones to the party so you can get a good seat, but the risk is that you have to do a lot more guessing at how many women will show up. Sometimes going to the party just as it’s getting going is better, you can check out the talent that it is line to get an idea of what it will be like. Sometimes showing up later, when the party is in full swing is a safer bet, you can clearly see what the talent and the ratio will be, but some of the good ones are already taken by then, so there’s less upside.

But the one party you do not want to go to is the party that has been going on for hours and the hedge fund guys are already there. Because those guys have already knocked up or given an STD to every woman at the party. They will be out the door and driving away before you get your first drink. You’ll likely have to pay them for thier parking spot and pay them again for their seat (both of which they didn’t pay for). They will also likely take a dump into a paper bag because there was a line at the bathroom and tell you to hold it for them because they will be right back. The best strategy is to just keep driving if you see their cars in the driveway when you arrive because you know how this party ends, crying, dna tests or antibiotics, you can set your watch to it.

So there you are, holding a poop in a bag, getting yelled at by a drunk and infected woman who thinks you were the one who knocked her up. Maybe you go to better parties than I do, but I’m not doing that again.

[earlyretirement]

[quote=threadkiller]I agree as well. One reason I would buy BAC however is the same reason I would have bought Ford back then, their competition is getting wiped out. The best way to succeed is to have no competition. OT I think it would be possible to have low yielding T bills and inflation at the same time, so I take back everything, just kidding. I got out of stocks a long time ago, too early but that is my achilles heal my timing is horrible.[/quote]

Yeah, I loaded up on BAC as well the other day around $6.50. I do think it should be a good play for the long term. However, you have to go into some of these banks with so much toxic waste with caution. It’s tough to know just how much toxic waste is on their books.

I do think Bank of America is “too big to fail” but in the past I’ve lost money with that failed philosophy. Back before the recession started I made a good bit of money short selling the bond insurers, banks and financial companies.

However, the stupidest investment I ever made was trying to catch the falling knife on Washington Mutual. I figured it was “too big to fail” and I made the horrible mistake of buying a TON of it 2 days before it failed. I ended up losing about $250,000 in a matter of a few days when the government essentially handed it over to Chase.

So you have to go into some of these financial institutions with a lot of toxic waste on their books with caution. I do believe in the end, BAC will be around and thrive but it will take many years.

If you are a trader…then the volatility you are probably loving on BAC. The daily swings the past few days have been dizzying.

[earlyretirement]

[quote=threadkiller]I agree as well. One reason I would buy BAC however is the same reason I would have bought Ford back then, their competition is getting wiped out. The best way to succeed is to have no competition. OT I think it would be possible to have low yielding T bills and inflation at the same time, so I take back everything, just kidding. I got out of stocks a long time ago, too early but that is my achilles heal my timing is horrible.[/quote]

Yeah, I loaded up on BAC as well the other day around $6.50. I do think it should be a good play for the long term. However, you have to go into some of these banks with so much toxic waste with caution. It’s tough to know just how much toxic waste is on their books.

I do think Bank of America is “too big to fail” but in the past I’ve lost money with that failed philosophy. Back before the recession started I made a good bit of money short selling the bond insurers, banks and financial companies.

However, the stupidest investment I ever made was trying to catch the falling knife on Washington Mutual. I figured it was “too big to fail” and I made the horrible mistake of buying a TON of it 2 days before it failed. I ended up losing about $250,000 in a matter of a few days when the government essentially handed it over to Chase.

So you have to go into some of these financial institutions with a lot of toxic waste on their books with caution. I do believe in the end, BAC will be around and thrive but it will take many years.

If you are a trader…then the volatility you are probably loving on BAC. The daily swings the past few days have been dizzying.

[earlyretirement]

[quote=threadkiller]I agree as well. One reason I would buy BAC however is the same reason I would have bought Ford back then, their competition is getting wiped out. The best way to succeed is to have no competition. OT I think it would be possible to have low yielding T bills and inflation at the same time, so I take back everything, just kidding. I got out of stocks a long time ago, too early but that is my achilles heal my timing is horrible.[/quote]

Yeah, I loaded up on BAC as well the other day around $6.50. I do think it should be a good play for the long term. However, you have to go into some of these banks with so much toxic waste with caution. It’s tough to know just how much toxic waste is on their books.

I do think Bank of America is “too big to fail” but in the past I’ve lost money with that failed philosophy. Back before the recession started I made a good bit of money short selling the bond insurers, banks and financial companies.

However, the stupidest investment I ever made was trying to catch the falling knife on Washington Mutual. I figured it was “too big to fail” and I made the horrible mistake of buying a TON of it 2 days before it failed. I ended up losing about $250,000 in a matter of a few days when the government essentially handed it over to Chase.

So you have to go into some of these financial institutions with a lot of toxic waste on their books with caution. I do believe in the end, BAC will be around and thrive but it will take many years.

If you are a trader…then the volatility you are probably loving on BAC. The daily swings the past few days have been dizzying.

[earlyretirement]

[quote=threadkiller]I agree as well. One reason I would buy BAC however is the same reason I would have bought Ford back then, their competition is getting wiped out. The best way to succeed is to have no competition. OT I think it would be possible to have low yielding T bills and inflation at the same time, so I take back everything, just kidding. I got out of stocks a long time ago, too early but that is my achilles heal my timing is horrible.[/quote]

Yeah, I loaded up on BAC as well the other day around $6.50. I do think it should be a good play for the long term. However, you have to go into some of these banks with so much toxic waste with caution. It’s tough to know just how much toxic waste is on their books.

I do think Bank of America is “too big to fail” but in the past I’ve lost money with that failed philosophy. Back before the recession started I made a good bit of money short selling the bond insurers, banks and financial companies.

However, the stupidest investment I ever made was trying to catch the falling knife on Washington Mutual. I figured it was “too big to fail” and I made the horrible mistake of buying a TON of it 2 days before it failed. I ended up losing about $250,000 in a matter of a few days when the government essentially handed it over to Chase.

So you have to go into some of these financial institutions with a lot of toxic waste on their books with caution. I do believe in the end, BAC will be around and thrive but it will take many years.

If you are a trader…then the volatility you are probably loving on BAC. The daily swings the past few days have been dizzying.

[earlyretirement]

[quote=threadkiller]I agree as well. One reason I would buy BAC however is the same reason I would have bought Ford back then, their competition is getting wiped out. The best way to succeed is to have no competition. OT I think it would be possible to have low yielding T bills and inflation at the same time, so I take back everything, just kidding. I got out of stocks a long time ago, too early but that is my achilles heal my timing is horrible.[/quote]

Yeah, I loaded up on BAC as well the other day around $6.50. I do think it should be a good play for the long term. However, you have to go into some of these banks with so much toxic waste with caution. It’s tough to know just how much toxic waste is on their books.

I do think Bank of America is “too big to fail” but in the past I’ve lost money with that failed philosophy. Back before the recession started I made a good bit of money short selling the bond insurers, banks and financial companies.

However, the stupidest investment I ever made was trying to catch the falling knife on Washington Mutual. I figured it was “too big to fail” and I made the horrible mistake of buying a TON of it 2 days before it failed. I ended up losing about $250,000 in a matter of a few days when the government essentially handed it over to Chase.

So you have to go into some of these financial institutions with a lot of toxic waste on their books with caution. I do believe in the end, BAC will be around and thrive but it will take many years.

If you are a trader…then the volatility you are probably loving on BAC. The daily swings the past few days have been dizzying.

[SmellsFeeshy]

[quote=earlyretirement]However, the stupidest investment I ever made was trying to catch the falling knife on Washington Mutual. I figured it was “too big to fail” and I made the horrible mistake of buying a TON of it 2 days before it failed. I ended up losing about $250,000 in a matter of a few days when the government essentially handed it over to Chase.[/quote]

I lost some money buying calls on WaMu as well right before they went under. I never quite understood how for some banks the shares ended up skyrocketing after being “sold” by the FDIC to other banks whereas WaMu shareholders were wiped out completely. When I first heard that Chase had bought WaMu I thought I was going to cash out big. It was only when the details worked out that I realized I wouldn’t be getting anything.

[SmellsFeeshy]

[quote=earlyretirement]However, the stupidest investment I ever made was trying to catch the falling knife on Washington Mutual. I figured it was “too big to fail” and I made the horrible mistake of buying a TON of it 2 days before it failed. I ended up losing about $250,000 in a matter of a few days when the government essentially handed it over to Chase.[/quote]

I lost some money buying calls on WaMu as well right before they went under. I never quite understood how for some banks the shares ended up skyrocketing after being “sold” by the FDIC to other banks whereas WaMu shareholders were wiped out completely. When I first heard that Chase had bought WaMu I thought I was going to cash out big. It was only when the details worked out that I realized I wouldn’t be getting anything.

[SmellsFeeshy]

[quote=earlyretirement]However, the stupidest investment I ever made was trying to catch the falling knife on Washington Mutual. I figured it was “too big to fail” and I made the horrible mistake of buying a TON of it 2 days before it failed. I ended up losing about $250,000 in a matter of a few days when the government essentially handed it over to Chase.[/quote]

I lost some money buying calls on WaMu as well right before they went under. I never quite understood how for some banks the shares ended up skyrocketing after being “sold” by the FDIC to other banks whereas WaMu shareholders were wiped out completely. When I first heard that Chase had bought WaMu I thought I was going to cash out big. It was only when the details worked out that I realized I wouldn’t be getting anything.

[SmellsFeeshy]

[quote=earlyretirement]However, the stupidest investment I ever made was trying to catch the falling knife on Washington Mutual. I figured it was “too big to fail” and I made the horrible mistake of buying a TON of it 2 days before it failed. I ended up losing about $250,000 in a matter of a few days when the government essentially handed it over to Chase.[/quote]

I lost some money buying calls on WaMu as well right before they went under. I never quite understood how for some banks the shares ended up skyrocketing after being “sold” by the FDIC to other banks whereas WaMu shareholders were wiped out completely. When I first heard that Chase had bought WaMu I thought I was going to cash out big. It was only when the details worked out that I realized I wouldn’t be getting anything.

[Author]

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