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

To: SliderOnTheBlack who wrote (9537)	5/9/2008 10:44:28 AM
From: Fiscally Conservative	Read Replies (1) \| Respond to of 50085

Citgroup to sell 400 Bil in assets which represents 20% of their total. Leveraged to the tune of 2 Trillion ? Hmmmm...and the share price is trading higher? Lol...

To: SliderOnTheBlack who wrote (9537)	7/23/2008 9:01:44 AM
From: SliderOnTheBlack	Read Replies (6) \| Respond to of 50085

Deleveraging.... I like the risk:reward in the nat gas short better than oil. It broke first, and is at a critical pivot point right now, with $7/$8 waiting in the wings. Now down -21% since the 4th of July. And it's not just nat gas & oil... the CRB is down -10% since the 4th of July. With the US Dollar holding up (for now) and forming a base, gold is actually hanging tough, and continues to be stronger, and less volatile than the gold stocks. I think Bernanke is letting the recession play out, which in turn is collapsing commodities, and when/if oil breaks $110ish...and if we see any positive economic indicators and a stable DOW... we'll see our first rate hike. Amazing how the rise in oil and the collapse in financials, brought the markets to the brink of collapse, and have now turned on a dime... like doing a U-turn with the QE II. Later tonight I'll try to post some interesting anecdotal evidence of a serious shoe yet to drop... major cutbacks in state and local governments due to huge budget shortfalls. Major layoffs coming from the public sector... We shall see if Bernanke & Co. can manage this de- leveraging phase without having to massively re-inflate to stop the carnage. SOTB