Have you checked out sikasem.blogspot.com site for his pick ideas? He easily predicted the current mess about a year ago.

And I thought that we have "market" economy, hehehehe All is CENTRALLY manipulated without ANY sense whatsoever!!! Two monitors: CALLS & PUTS and some rabi decide what's better for them, HAHAHAHAHAHAHAHAHAHAHA... For how much longer?

these guys never tell me anything i dont already Know.

In respect to AMBAC and MBIA, they need to keep and save all the cash possible including stop paying dividends, deleverage from all their risky liabilities specially those CDS, CDO's, RMBS-ABS of uncertain value, in order to remediate their book values, once their book values are sound they need to reinstate their triple A rating again to write new low risk public bond insurance business. They can also open or extend a line of credit to make sure to continue operations and dissipate doubts. They are already doing these, so it will take some time to deleverage their books from uncertainties and rewrite new business again. This coming back will be the best advertisement to recruit new clients.

In respect to AMBAC and MBIA, they need to keep and save all the cash possible including stop paying dividends, deleverage from all their risky liabilities specially those CDS, CDO's, RMBS-ABS of uncertain value, in order to remediate their book values, once their book values are sound they need to reinstate their triple A rating again to write new low risk public bond insurance business. They can also open or extend a line of credit to make sure to continue operations and dissipate doubts. They are already doing these, so it will take some time to deleverage their books from uncertainties and rewrite new business again. This coming back will be the best advertisement to recruit new clients.

With Rubin joining the Obama economic team, I'd like to know Obama's views on bailing out financial sector shareholders with public money.

Denial ain't just a river. The monoline downgrades were inevitable. An efficient market would have already priced that in....muhahahaha. Banks are masters of deception. It will take a few more quarters for them to exhaust all their earnings trickerations and come clean. Bet on treasuries.There will be a flood of toxic waste CDOs hitting the market in coming months.

The market bottomed exactly on the March 17, 2008 turn date. Nothing wrong with one or even two retests of that bottom (1270 on S&P 500, 1255 on S&P futures). Next turn date is the top on April 19, 2009. After that, all you permabears will finally be right for a couple of years. It will feel so good, you'll miss the next bottom, too.

Hi(: Frank A. Thank u fr senden me that letter.

The FED has to raise rates now, if it fails to do so the flood of money into commodity futures and derivatives will continue, and the commodity bubble and it's resulting real inflation of the economy will accelerate. As more and more investors seek shelter from the storm money needed for commercial liquidity will flow to the bubble, or the safety of Treasury paper. The progressive erosion of Americans purchasing power will grow the existing US recession. I say existing recession because real GDP growth for the last three quarters has been negative when real inflation is factored in. The impact of real inflation on Americans purchasing power combined with a growing loss of jobs and the loss of confidence in the banking systems now has all the conditions for the recession falling into depression conditions. The FED has to strengthen the dollar and watch the resulting change in money flows and impact on commodity prices. The Commercial and shadow banking systems will eventually write down losses and continue to sustain operations by borrowing from the Government , the FED and private and sovereign investment funds. The Government will need to address it's compulsion to spend what it doesn't have, and to manage US financial systems so their systemic greed is purged from what we need to trust the most, our banks. Unless real inflation is halted the American credit crisis will grow very rapidly.

"Minutes to Midnight" As of 2008, The Doomsday Clock stands at five minutes to midnight.The Doomsday Clock is a symbolic clockface maintained since 1947 by the Board of Directors of the Bulletin of the Atomic Scientists at the University of Chicago. It uses the analogy of the human race being at a time that is "minutes to midnight" where midnight represents "catastrophic destruction". The analogy originally represented the threat of global nuclear war, but has since evolved to include nuclear weapons, climate-changing technologies and "new developments in the life sciences and nanotechnology that could inflict irrevocable harm. "[1] Since its introduction, the clock has appeared on the cover of each issue of the Bulletin of the Atomic Scientists. The first representation of the clock was produced in 1947, when artist Martyl Langsdorf, the wife of physicist, Alexander Langsdorf, Jr., who worked on the Manhattan Project, was asked by magazine cofounder Hyman Goldsmith to design a cover for the June issue. The number of minutes before midnight, a measure of the degree of nuclear, environmental, and technological threats, is updated periodically. The clock is currently set to five minutes to midnight, having been advanced by two minutes on January 17, 2007. I believe that we all missed the sociological and financial threats - take two more minutes off this year. Bend over and KYA goodbye.

Why are we listening to Hank Blodgett who is banned from the Securities industry?????? Hank now has to piss on the parade by being a PERMA BEAR. I guess he has not studied the damage that has already been done on stocks. Esp in the financial sector! Then he cites long bear markets and uses Japan as an example. I guess he doesnt realize that 70 % of the DOW is at pre 1999 levels and the S&P 500 is at 10 year ago levels and that the NASDAQ is down over 2500 points. Hank you have ZIPPPPPPO credibility. Will you go away if the DOW rises from the retest we just hit?? If you are correct and the DOW plummets from 11800 we will listen.

if average Joe knows bottom when panic sell happens, there is no panic sell at all. this time, if there is no panic sell even if dow reaches 1200, where's the bottom?

The Treasury's philosophy is, and has been for many years, "Privatize the profits and socialize the losses." The consumer gets screwed coming and going.

to bamajors: Obama's plan is called Marxism.

Are you kidding? The "Credit Crunch" will still be a hot topic in March of 2009! Long way to go here!

If anyone believed that March was the bottom in the first place, is not informed about fundamentals. Here are some questions to ponder...how can a nation be capitalistic (investment savings) in an economy that is debt driven? How does a central bank really know what the interest should be? Why is the M3 now a secret? Why does the US borrower from a central bank when the US Constitution authorizes Congress to coin currency? What is the real relationship between devaluating dollar vs. rise in oil, gold, and commodities? Do we really have free-market here in the US?

If anyone believed that March was the bottom in the first place, is not informed about fundamentals. Here are some questions to ponder...how can a nation be capitalistic (investment savings) in an economy that is debt driven? How does a central bank really know what the interest should be? Why is the M3 now a secret? Why does the US borrower from a central bank when the US Constitution authorizes Congress to coin currency? What is the real relationship between devaluating dollar vs. rise in oil, gold, and commodities? Do we really have free-market here in the US?

We have met the enemy and it is our Congress. The PPI and CPI do not reflect real inflation. The World will continue to consume more oil for at leat 20 more years. Buying oil from Nigeria where the carbon footprint is 1000 times worse than in ANWAR is typical of the idiots we have elected to represent us. Buy gold.

Here is the crooked truth CD's paying 6.5% interest! How can that be when the banks are loaning money at less? Margin! The huge margins they sliced off prior to the crunch are gone so now truth is I can pay 6.5% and loan 30 year mortgage at 6.00 as long as some of my other debt, IE: CC and Auto loans etc are higher, so where was this nice guy at during the freewheeling?