September Stock Discussion

Good luck . . . and don't hold too long.  That is one scary ass stock to hold.  Probably the scariest one out there. 

I nibbled at 22 a bit today myself.

So much for my theory of a market retrace, if today is up I think we have one down day since Labor Day.

FAZ taken behind the woodshed again.  Now in the teens.  That stock is just a glutton for punishment. 

I'd say the market has to be down tomorrow but I've been saying that for the last 4 days.  Who knows anymore.

That FAZ is just too risky in this environment.     You need Financial Armageddon, fear,and panic for this inversely leveraged ETF to work again.

What will cause something like this; (collapse of Commercial Real Estate, plunging home values due to fewer buyers and the $8k tax credit wearing off, etc. ??? )

I don't know, but it seems you need for some big event to materialize for this to work again. 

 Is there any reason NOT to own Goldman Sachs stock? Serious question...I do own it (small position)...but reviewing the portfolio weekly, I wonder.

A year after the collapse of Lehman Brothers, many firms have seen their value decimated by the stock market.

A surprising number, however, have added billions of dollars to their worth. And, perhaps even more shocking, these companies were key players in the Wall Street meltdown of 12 months ago. According to data from Standard & Poor's and Bloomberg, the U.S. company that increased its market capitalization the most in the past 12 months is Goldman Sachs Group (GS).

Goldman Sachs boosted its market value by $37.3 billion from Sept. 14, 2008, the day before Lehman filed for bankruptcy, to Sept. 15, 2009.

Goldman is in a class of all its own. Its proprietary trading models will drive their profitability until investment banking and research get back on their feet. The key is to ride GS for all you can and then trim the position as the market rolls over and pulls back. Once that happens, you can jump back in with 2 feet and ride it well into the future.

So DELL buys Perot..very interesting to say the least.

I dont see awesome margins at Perot, but I guess Mike sees some potential synergies on the deal to shell out 1.5 times sales on a company who has operating margins of 7%.

Odd.....

AIG is flying...good for the government and us but amazing the stock is off to the races again today.

How long has Mr.Fake Tan been off the network?

A very worrisome statistic. 

CC,

Faber is full of himself and isnt worth much either if you ask me. He isnt an investigative reporter, he doesnt find things out, he gets a story and reports it.

I cannot watch guys like that who think they are actually bigger than what they are.

Santelli is almost to that level, used to be an average joe just reporting the info, now they have him yipping and commenting, it has taken away most of what is good and now he is just assimilated into the big ugly GE machine.