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The Stock Room page 16 |
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(Continued from page 15) This chart on average stock holding time from Fast Money idiots says it all.
The average holding time for even Apple is only 1 ½ months. Insanity! Sheer insanity! Don’t’ you get it? Don’t you see that instead of creating jobs, all this money just keeps trading paper trades and accomplishes NOTHING. Some will tell you it adds liquidity, but what good is that liquidity if it builds nothing or hires no one? And please explain to me just how holding ALL cash waiting/hoping/pushing for a huge market crash creates liquidity? What Will Ben Do? Answer: IT FRIGGEN’ DOESN’T! IT’S THE MENTALITY STUPID! And until we stop this then??????????????????????????? STOP the INSANITY NOW! Revised Tax Rules: 1. Capital gains 5+ years* - 5% tax on capital gains 5. Capital gains under <6 months - 55% tax on capital gains _______________________________________ Truly the MOST disgraceful BUT truthful quote of not only 2012 but the last 10 years! 06/25/2012
apppro’s take for 06/25/2012 08:00 am EST A 3fer of Misery & Pain
1. Paulson creates OUR mortgage misery: Paulson defends role in Goldman's Abacus 2. Paulson creates Greece’s bond misery: Goldman Isn't Alone, John Paulson Has Joined The Greece Feeding Frenzy - Business Insider 3. Paulson creates Spain’s bond misery: Paulson Said to Short European Bonds Amid Spain Concern
While I haven’t looked at every one of this guy’s financial dealings… it does seem that he ONLY makes money when he is destroying something and causing many others a great deal of misery. Just an observation. Question: Exactly how many jobs did all of Paulson’s shorting create? Answer: ZERO jobs created! Instead of going AFTER the people that create all this misery, we seem to praise their ingenuity and bash those that try to promote prosperity. What is wrong with us all? _______________________________________ apppro’s take for 06/21/2012 07:30 am EST
_______________________________________ apppro’s take for 06/11/2012 08:30 am EST “Follow the Money!” – revisited 40 years later.
If you want to know why the world and its economy are in such turmoil today, just “Follow the money!”
Who financially profited by our mortgage industry collapsing? Who financially profited by our banking system collapsing? Who financially profited by our housing industry collapsing? Who financially profited by Greece collapsing? Who will financially profit by Spain collapsing? Sure it’s easy to blame the people and their way of life and their governments, but all you REALLY need to do is FOLLOW THE FRIGGEN’ MONEY and find out who is making a fortune from other people’s misery! Then and ONLY then will you know why things are they way they are, and WHO is really the villain! If this “Nation of Bash & Blame” really needs someone to bash & blame—damn it >>> GET THE RIGHT CULPRITS! _______________________________________ apppro’s take for 05/13/2012 07:30 am EST
“Whiter Shade of Pale” The story of JPM and the Lehman’s Principle
This isn’t a story of Ahab’s white whale Lehman’s Principle: The confidence destruction of an entire entity based on SHORT-term re-evaluation of LONG-term holdings due to unrestricted rumormongering and gang-shorting! Basically, taking a 30-YEAR something and basing it on a 30-SECOND whatever! Read First: Index That Beached J.P. Morgan’s Whale Gets Whackier - MarketBeat - WSJ
Yes, JPM’s London whale may have bit off more than he could chew, but in this case size should not be the issue. What matters is how the things that he was chewing on were poisoned by others so much that anything that was finally swallowed was poisonous for sure. Please keep in mind the following quote & date from the above article as you read on. Also remember those 3 dreaded words: MARK-TO-MARKET M2M! “Kavi Gupta, a credit derivatives trader at Bank of America Merrill Lynch, wrote in an April 10 note to clients that it was time to take advantage of the index moves. “What better opportunity than Easter Thursday with Europe cratering to annihilate people,” he wrote. A BofA spokeswoman declined to comment. Since then, traders say, an increasing number of hedge funds and some asset managers have placed more bearish bets, taking opposite positions to J.P. Morgan and possibly hurting its ability to pare its positions.” Time Line: 1. London whale starts LONG-term financial instruments based on Europe. 2. Europe starts to get better. 3. A couple of short hedge funds start to build positions AGAINST those whale’s holdings. 4. Whale adds on positions. 5. Europe’s re-failure rumors begin, again. 6. More shorts start to increase their positions. 7. Europe’s election rumors escalate. 8. Whale increases his positions. 9. Even more shorts INCREASE their positions. 10. Rumors over the demise of whale’s positions escalate where even BofA says to GANGSHORT THE ENTIRE POSITION! 11. Elections cause GREAT upset. 12. Shorts GANGSHORT to the extreme. 13. NOW, here is where I get a little confused: Somehow JPM is FORCED to M2M value those LONG-term positions way before they became due, hence the terminology as Jamie Dimon put it (and I paraphrase), “We are forced to take a M2M write down of $2 billion dollars.” Isn’t this the exact same thing we did to OUR financial system back in 2008? YES!!!!!!!!!!!!!! For JPM it was just easier to devalue the holdings than fight it. THEY HAVE PLENTY OF $$$$, but it still makes me sick to let those SHORT-term traders/traitors get away with this crap! Isn’t that why we have Gitmo? Why the hell are some calling for an investigation into JPM’s whale for seemingly making LONG-term investments in our ally’s? Instead, why the hell aren’t we investigating those unregulated short funds, and the disgraceful way they manipulate and destroy our entire financial system? _______________________________________ apppro’s take for 05/06/2012 04:30 pm EST Senator Clinton to Christopher Cox “Please stop the short sellers!”
PLEASE STOP THE SHORT SELLERS! Link
Wow, lot of good it did back then! I wonder what would have happened if they had just done it right and unilaterally? Too late now, or is it? I will say it over and over and over… implement my ‘Stop the Insanity Now’ tax plan and TAX THE CRAP out of all these SHORT-term thinkers and traders/traitors. Koodoos to narrator for finding this. _______________________________________ apppro’s take for 04/28/2012 04:30 pm EST “Can’t we all just get along?” 20 years later.
I’m sure many of you older people out there remember those horrible times. It was a National disgrace, spurred on by a media hell bent on exploiting the divided City of Los Angeles. Ethnic hatred, social unrest, and financial inequities abounded. Now flash forward 20 years:
It really doesn’t seem to matter anymore, does it? No matter how much each side wants something to get things done, and in this case the SAME DAMN THING, our collective insanity in Washington again just has us AGAIN at each other’s throats. (Continued on page 17) |
