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The Stock Room page 60
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If anyone wants the pictures, just email me and I’ll be happy to send them. OH BOY am I excited! _______________________________________ apppro’s take for 09/15/2010 @ 09:00 am EST: On the anniversary of Lehman’s – the most horrid example of market manipulation and rumor-boarding to ever occur – on this anniversary I ask, “What have we learned?” And the answer is again, “Absolutely nothing!” And how can we have learned anything, if we still cannot even understand what caused the mess. Whatever! Just look at this release out of Europe on ‘naked short selling’.
Naked Short-Sellers, Derivatives Traders Face EU Restrictions - Bloomberg They have now made it seem that the naked shorting of shares THAT DON’T EVEN EXIST never occurred. Their definition has NOW totally become that naked shorting is just not having a similar LONG position. OK, I’m getting too technical for some. Basically what they are now saying is that if you want to short something you have to own it also. Makes sense, BUT naked shorting over the past 3 years was shorting something you never owned and actually never even existed in the first place. Until we see the problem we cannot fix it! _______________________________________ apppro’s take for 09/10/2010 @12:00 pm EST: Did any of you actually watch Obama’s entire press conference today? I had a visit with my dentist and when I got home the agony only really started. Watch it if you can. Actually it’s still going on at the time I write this – boy is he in campaign mode! 2 days ago I received a 12.5% rate increase in my health care policy. Thank you Mr. President! I just loved it when he said in that press conference that HIS administration reduced the costs of health care. YEAH RIGHT! He claimed that his entire administration’s highest priority was and is to create jobs! As of when Mr. President? Your stimulus only saved a few union jobs and created few, if any new jobs. Your health care and financial bills have caused so much angst, uncertainty, and additional costs… why didn’t you just have them repealed if you wanted to create any jobs at all! Obama mentioned that he wanted to raise taxes for ONLY the rich who make over $250,000. Here’s an idea that might be reasonable—why not for those ONLY over $1,000,000 a year. Oh yeah—then he couldn’t throw it back in the Republicans’ face! Who’s playing games now Mr. President? You all know I how I feel on taxes: tax the crap out of short sellers and short-term traders/traitors. To hell with them big time! But the worst was again his mention of that horrid woman: Elizabeth Warren. Damn it people, if you want an ass like Michael Moore in charge of your well-being, then just nominate him. YouTube - 'Capitalism: A Love Story' DVD Extra - Harvard Professor Elizabeth Warren
I’m may not be a total believer, but “God help us all!” if he does put her in charge of anything; except maybe cleaning toilets that is! _______________________________________ apppro’s take for 09/08/2010 @ 07:00 am EST: Anyone hear that Cramer last night? Really all you need to do is read my stuff and you’d know what he would say before he even says it! Last night he was all over my Star Trek analogy, but I like my reasoning better.
He was finally right on about the Greece/European reasons that I told you about months ago. Yesterday, the short-term traders/traitors had us all making doodoo in our pants that Europe was going into Armageddon… AGAIN! Maybe it was because they came back from their mansions in the Hamptons, or maybe it’s because they were scared that the late August/early September long-overdue rally would continue, or maybe it was just because it was the anniversary of The Blitz.
Whatever the reason was, shorts and traders/traitors spewed out their rumor boarding right off the bat yesterday, and the market just tanked at the open and stayed there all day. No real facts or events, just a whole lot of fear-mongering. Just to show you how WRONG this all is, the markets this morning seem to be doing better because Portugal sold some bonds in the face of all this angst & bs. Portuguese Yield Spreads Ease After Bond Auction - CNBC People, people, people… we better stop all this crapolla for everyone’s sake! “It’s The Mentality Stupid!” _______________________________________ apppro’s take for 09/02/2010 @ 07:00 pm EST: I am sure a few of you may remember the original Star Trek episode http://en.wikipedia.org/wiki/Day_of_the_Dove In brief, while investigating a totally bogus rumor about a Klingon invasion, an alien life force takes over the Enterprise while Klingons are on board. The alien forces the 2 foes to fight a never-ending battle with crude weapons, while it sits back and enjoys the spectacle. If either side weakens or gets wounded, the alien heals their wounds, supplies them with new weapons, and thus the battle goes on. SOUND FAMILIAR? Right now the rest of us are being forced to either sell or buy based on rumors and suggestions that we may or may not be going into Armageddon. Both the bears and the bulls are fighting an unseen force that seems to be constantly changing the rules, but keeps extending the hope of both parties that their side will win. Over and over and over each side takes a position, attacks, only to find that they have been misled by this secretive force and they must retreat. Both sides keep getting played as dupes, but neither sees the real truth. Kirk finally did and convinced the Klingons that it was in their BOTH, LONG-TERM, COLLECTIVE best interest to drive the alien force OFF the ship. If you are a Treki, you may also remember that the alien wasn't just enjoying the conflict, BUT RATHER the alien grew stronger and more powerful the longer and the more antagonistic the conflict between Kirk and the Klingons became. Now this really serves as a true metaphor to what we are doing to ourselves now! We too are stuck in this epic battle, but this time the short-term traders/traitors are formulating and promoting the volatility and angst for their own self-interest. The rest of us need to step back and see that whether we are long-term bears or bulls, we must drive these short-term aliens from our Universe! _______________________________________ apppro’s take for 08/27/2010 @ 10:00 am EST: So, has the airship
or is it ready to
The nega-pundits out there have really been pushing the Hindenburg Omen as of late. In brief, it’s a mathematical/technical indicator that PREDICTS a stock market crash MAY occur. No guarantees either way, just a lot of hopeful speculation by a few maniacs. The negativity and pessimism hasn’t been this low since March 2009, and we all know what happened then. That’s right – the market finally realized we were killing ourselves for NO reason and rallied some 75%. Will we get this again? Honestly, I think NO ONE KNOWS! This market has become such a gambling casino ruled over by SkyNet and its’ nega-minions that it is impossible for any realistic person to say either way. All I know is, is that while things may not be all that great >>> they are NOT ALL THAT BAD, EITHER! We need to stop all this insane desire by a few to destroy & suffer, and try to remember that we are all here to build & prosper. _______________________________________ apppro’s take for 08/26/2010 @ 05:00 pm EST: Does our Federal Reserve and the almighty Bernanke not get it? Do they truly not see that these ‘unreasonably low’ interest rates are not helping? In reality they’re creating more fear and angst which just makes things worse! You CAN’T force someone to borrow, and at this present time it has more to do with confidence then it does with interest rates. Also, do any of you realistic people out there really think that a person who wants to buy a home and can get a mortgage for 4.55% is waiting for that to become 4.45%; OR is that person just waiting because he thinks that house he can afford at $350,000 is going to become $250,000 if he waits a week or two? It’s not the interest it’s the fear (greed) that you may buy a home on Tuesday at one price, and that very same home can be bought on Thursday for 10% less. In any event, we are again on the brink of Armageddon, even if no one is screaming the “N” word every 5 seconds in our face! We must stop this NEED/DRIVE/DESIRE/WANTING/whatever you want to call it preoccupation to bring it all crashing down! This time we won’t recover from it! _______________________________________ apppro’s take for 08/25/2010 @ 05:00 pm EST: Person after person keeps NOW telling us that “It’s the Mentality Stupid” and as soon as we stop all the bashing, fear, and negativity our chances of a recovery will increase exponentially. It’s too bad that no one listened to me over 3 years ago when I screamed about it, and called for what would be a very bad end to all the angst back then! Today the Toll Brothers (TOL) CEO told that horrid CNBS Maria Bartiromo this very same thing! It makes you sick to listen to her, but please hear what Douglas Yearly has to say.
Best Maria could do was to repeat over and over again about a Tweet from that twit Roubini. She even went as far as giving that (Continued on page 61) |
