Howard Lindzon - Latest Comments in Confidence Crash…Your Mommy Can't Save You!

Re: Confidence Crash…Your Mommy Can't Save You!

BDG123 — Tue, 22 Jan 2008 19:17:13 -0000

Mommy can't save you but your daddy can. Who's your daddy? The party hasn't even begun. Most people have no idea what the implications for the global economy. This outcome was baked more than ten years ago. And, those who were uber bullish were living in an alternative reality based on the biggest Wall Street bubble in history. It will likely take four or more years for this environment to gain some type of footing.

Re: Confidence Crash…Your Mommy Can't Save You!

maximo zeledon — Tue, 22 Jan 2008 18:19:40 -0000

Great entry Howard! You make some good points and I do agree--the solution has to come from the top, but it won't until we get a new President. I'm not a political man, but this administration acted like a fat pig and now it's time for the butcher. The Fed can only do so much. But I see opportunity as well, but I'm not stupid enough to guess the bottom like some people are doing right now.

Re: Confidence Crash…Your Mommy Can't Save You!

Stephen L. McKay — Tue, 22 Jan 2008 18:02:46 -0000

Howard,
Just back yesterday from Canada, and don't let Andy kid with you (Canada is not a fad), Ha!
love your post! Sounds like my take, and as I told Andy yesterday, in response to his comment on Fred's blog (gotta start twitting), I'd rather have buying power than a discount on debt anyday!
Great post, and thanks!

Steve

Re: Confidence Crash…Your Mommy Can't Save You!

Keith Shepard — Tue, 22 Jan 2008 08:26:31 -0000

3/4 point cut! Fed stepping in to save Bulls.

Re: Confidence Crash…Your Mommy Can't Save You!

johnjaygebhardt — Tue, 22 Jan 2008 02:43:17 -0000

the sell off started with the change in the uptick rule in late july. the mortgage crisis is a direct result of limiting the ability of fnm and fre from increasing their portfolio. banks stepped in and created junk mortgages. this was another policy disaster of the buh administration. yes it was.

Re: Confidence Crash…Your Mommy Can't Save You!

howard lindzon — Mon, 21 Jan 2008 23:23:46 -0000

with inverse etf's and no uptick rules it is a great market for traders for sure.

Wish I cared about it but I dont.

I would rather the center hold than please some shortsellers.

Re: Confidence Crash…Your Mommy Can't Save You!

mike b — Mon, 21 Jan 2008 23:15:41 -0000

Nice job on Bnn!
Was it coincidence that you were on after a 600 point Tsx drop?
Love the blog, you and the fly should rock!

Re: Confidence Crash…Your Mommy Can't Save You!

Dboy — Mon, 21 Jan 2008 20:56:02 -0000

All I can is that this is the best market I've ever seen. Fortunes are being made right now.

dboy

Re: Confidence Crash…Your Mommy Can't Save You!

annonymous — Mon, 21 Jan 2008 20:03:09 -0000

This is a pin prick. Pull up a 30 year chart of just about anything. It's not even volatile yet. If we don't see 10,000 on the DOW in the next 2 years we'll be lucky.

But what a great market. If daytraders aren't getting rich in this they need to stop and get a real job. Swing traders that have learned to short are having a hard time tracking all the opportunities. Long term investors are drooling over the potential bargins on the way. Anybody that didn't have this built into their strategy is under 25 or naive or both.

Chaos is opportunity...those that stay focused and positive will do extremely well. This is when the basis for outstanding profits are built!

Re: Confidence Crash…Your Mommy Can't Save You!

Thomas Ott — Mon, 21 Jan 2008 19:31:08 -0000

I'm getting out my stock and fund shopping list. I think this Bull Market trend, supported by borrowed money, is over! Time to get off!

Re: Confidence Crash…Your Mommy Can't Save You!

timothysykes — Mon, 21 Jan 2008 19:23:59 -0000

Woah, sounding like a cynical short seller a bit there--welcome to the club, we meet every Tuesday and lately we've been able to afford the best food/entertainment money can buy!

Re: Confidence Crash…Your Mommy Can't Save You!

manish jain — Mon, 21 Jan 2008 18:43:46 -0000

India just had it's worst day ever in terms of absolute points. At one point the SENSEX was down 2050 points, closed down "only" 1400 points.

But, it's funny b/c people still believe the Indian market can still go up if the US falters...delusional at best.

Re: Confidence Crash…Your Mommy Can't Save You!

Keith Shepard — Mon, 21 Jan 2008 17:15:29 -0000

Hmmm...I still think the Fed will step in tomorrow (21 Jan 08) with an emergency rate cut. An assumption, of course. However, I think it's all a little too late ... especially for the Monolines ... and when (if) their ratings come unglued...look the fuck out below Sparky.

Re: Confidence Crash…Your Mommy Can't Save You!

cheesefries — Mon, 21 Jan 2008 17:01:03 -0000

Howard-
I'm afraid anything from the administration this late would be viewed as panic based. If they do nothing wouldn't it be viewed as confidence?

What did you think of Cramer's MBIA/Ambac government takeover plan?