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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Roads End who wrote (6108)	8/20/2007 9:06:28 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 50544

Reichers - re: Where the Cash is? As reported by Bloomberg and as just mentioned on CNBC's "Fast Money"... US Treasuries had their biggest move since the crash of 1987. The 3 month T-Bill has collapsed by .82 bp. That's where the cash is. Safe, sound and secure. Let me pause here and bring everyone back into reality. Would you like to step away from all the headlines, all the media buzz, all the gloom and doom, all the fear, all the panic and all the hysteria? Well, here's where to turn... To Berkshire Hathaway and Warren Buffet. Berkshire and Buffet own real businesses. Real, American businesses. Anytime you want to know the reality of American business ... check this chart: And here's more food for thought... Ask yourself why the man who coined the term "derivatives are weapons of mass destruction" is buying a couple of Banks who happen to be the largest holders of derivatives among all financials? I will repeat: All derivatives are not created equal. The players know where the toxic waste is buried and who's holding it. RANK BANK NAME DERIVATIVES in $U.S. Billions (as of 12/31/2006) 1 JPMorgan Chase... 65,347.3 2 Bank Of America... 26,674.4 3 Citibank... 25,403.6 4 Wachovia Bank... 5,491.9 5 HSBC Bank... 4,465.0 6 Bank Of New York... 892.8 7 Wells Fargo Bank... 851.3 And you can add Hank Greenberg, Eli Broad, Eddie Lampert, Carl Ichan and George Soros to that old, smart money list that are stepping directly into the abyss...and buying. Now, that doesn't mean you go "all in"...and it doesn't mean that you buy the junk and the slime. What it does mean, is that you can begin establishing positions and "trading" into a bottom. Be smart. Look at local and regional banks that you are familiar with. Look outside the financials for sectors and stocks that were sold off as hedge funds raised cashed to meet redemptions. Look for sectors like the gold stocks...that took another deep wave down on the yen-carry unwind. There's still plenty of junk to short. But, with Bernanke on the party-line with the CEO's of Investment Banks tonight... I wouldn't be leaning too heavy on short-side. Oh, and Reichers... re: "The Cash" There's a helluva lot of cash sloshing around the globe and they're printing it every day. Eurozone M3: up 10% UK M4: up 13% India M3: up 20.3%] China M2: up 17.2% Australia: up 12.7% South Korea M3: up 11.3% New Zealand M3: up 18% Australia M3: up 13% Japan M3: up 6% Russia M2: up 49% Watch where it moves if the Fed unleashes 2, or 3 quick rate cuts. SOTB`