Archive for the ‘Market’ Category

The Growing REO Suburbia Hell

My realtor sent me some listings to glance over today. As usual, they were all bank-owned (foreclosed) properties. It’s pretty sad when there are 9 half-a-million dollar bank-owned properties within a few blocks of each other. No wonder the RE and the CDO-paper-holding-stock market are hurting.
But this is kinda funny:

Nice suburbia sprawl, [...]

Why I Went Short GOOG at $700

I just read an article at Vestopedia about why the author sold his Google stock at $741. His reasoning was based on an article by Stephen Dubner (of the ever-popular Freakonomics) about regression to the mean by athletes.
Thing is, I don’t agree with the reasoning that Google should go lower because their freakishly high [...]

What a Bad Day Looks Like

Here’s what a crappy day looks like. Of the greens, I’m long one, no longer holding one, and am SHORT one. I need a drink.

Watch Cramer Lose His Grip

This video of Jim Cramer going ballistic about the Bear Sterns issue in the market last week is hilarious. This guy knows his stuff, and if you’ve ever seen his show you know how passionate he is. On this segment he goes absolutely off the handle and it’s awesome.

Best quote: “You can’t even [...]