(note: i tried to post this last night and blogger was f-ing up. so now you have one less day to act!) I’ve been telling friends and family privately for some time that our friends at Washington Mutual are probably finished. While it’s true some combination of government intervention, relaxation of acctg rules, looking the other [Continue]

“All your GSE are Belong to Us!” Good grief. The only thing more disturbing than the corruption is apathy I guess. Fannie and Freddie were declared solvent and strong enough to stand on their own what — two months ago?? Interestingly, the Russians who wrote about the collapse of communism reported that those that did the best [Continue]

After Chilling at the Hotel and neighborhood of MiraFlores for a day and half we were off on the next leg of the journey — Cuzco Peru. Believe it or not, I think I heard something about Cuzco being the old capitol of Peru — or at least where the royalty used to hang out in [Continue]

This travel log is going to be different than many people who find this site via search engines, etc. will be expecting. The reason? While it’s written in English, this trip is originating from Montevideo, Uruguay — not North America. Our trip began at Uruguay’s largest airport in the Carrasco neighborhood in the outskirts of [Continue]

Uruguay Guy and Golden Lotus are in Cusco, Peru today. Seeings how the 30 meters above sea level is considered “high ground” in Uruguay this is pretty dramatic change in altitude for us. Luckily, strong backed Peruvian Indians are very inexpensive to rent for the day and I’ve hired 4 for each of us to carry us [Continue]

ok the short term bounce i called about a month ago didn’t have the washout confirmation other than intraday. so unless you’re an active trader you may have missed the day but if you’ve been bullish on us markets and us dollar and short all the commodities the last month you’ve probably faired pretty [Continue]

another short term bounce alert is in effect for US markets…. while not here yet, the setup that we are watching closely for is a big fast move downward — a “wash out”. the idea is that this would create an opportunity to base and move higher for a couple of weeks, getting us into august at [Continue]

So, a Senator from KY has not only figured things out but is in the position to speak his mind, and maybe even do something about it. This video is pretty amazing….especially given the source – the banking committee’s q&a session with the head of the federal [Continue]

I checked in on our friend, SKF, again at lunchtime. OK. It has done pretty well for itself in the last week. And, this is where it gets challenging. Lots of traders will give you contradictory advice regarding what’s an appropriate level of hoggishness to compensate you for the risk (and your wrong [Continue]

I just broke for lunch and checked on the price action for SKF (double short US Financials). I’m not following the news well enough to know what sparked the “comeback” — but it was a bit predictable, eh? I never thought I would say this, but when markets are as “manipulated” as they are, it really [Continue]