08-10-2007, 02:38 AM
The market is on a tear again. The Fed is pumping in cash. High VIX is not good for the markets. It will end badly, you cant push a string. Pick up the red phone and call in Volcker. The market has been great for me, I have been shorting financials and builders. Next shorts are for oil companies and oil servicers. I guess subprime won't spill over at all. I have been buying selects stocks too.
Within the next year watch for ING to have major problems. The carry trade is shutting down. AUG 15 is a big day, watch for more hedge funds to lock-up.
It will be a beautiful buying market soon as all these subprimes reset, then the arms, then the recession. Forclosures for everyone. Didn't I tell everyone to short subprime lenders last fall and financials around the New Year. Geez I must have been crazy to give free advice like that. My Bear Stearns is down like 30%, I love blood in the water. Lets crash the Dow back to 7K.
BTW: Cramer is a fool. The fool was bullish on dotcoms too, while they were melting down.
Within the next year watch for ING to have major problems. The carry trade is shutting down. AUG 15 is a big day, watch for more hedge funds to lock-up.
It will be a beautiful buying market soon as all these subprimes reset, then the arms, then the recession. Forclosures for everyone. Didn't I tell everyone to short subprime lenders last fall and financials around the New Year. Geez I must have been crazy to give free advice like that. My Bear Stearns is down like 30%, I love blood in the water. Lets crash the Dow back to 7K.
BTW: Cramer is a fool. The fool was bullish on dotcoms too, while they were melting down.