Archive for August 31st, 2007
Daily Archive
Friday, August 31st, 2007
Why I Don’t Short This Market Despite The Bad News
A few people have e-mailed and asked why if I’m so sure that the markets will drop, why I don’t short the market. The answer to that question is simple: We don’t have free markets anymore. The announcement by Bush to “swoop” in and save poor helpless home owners with guaranteed loans is exactly the [...]
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Friday, August 31st, 2007
The News Keeps Getting Worse
Geez. Everyday, a new headline emerges that begins to put things in perspective of how bad the sub-prime mess is impacting financial markets. The latest headlines, “Freddie Mac plunges as housing crisis rumbles on” and “Leading lender likens US credit crisis to Great Depression” are just a couple this week. The sad truth however, is [...]